Global Economic Times

2025.10.21 (Tue)
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Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump

Paris – French luxury conglomerate Kering, owner of major brands including Gucci, Bottega Veneta, and Balenciaga, has announced the sale of its beauty business to French cosmetics giant L'Or
South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping

The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificial Intelligence (AI). Leading this trend, Hyundai Department St

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience

SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way for a trend dubbed "casual luxury." This is the core findin

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Papasa Celebrates 50th Anniversary, Reaches New Heights as 'Adium': Pioneer of Paraguay's Pharmaceutical Industry Leads Latin American Market with Innovation and Integration: Asunción, Paraguay – May 29, 2025, Papasa, a long-standing pharmaceutical company in Paraguay, officially announced i ...; Ana Fernanda Reporter 2025.05.30

Unilever Professional Leads Paraguayan Gastronomic Industry with Institutional Hygiene Solutions: Unilever Professional, the specialized business unit of global company Unilever, is making a significant impact on the Paraguayan ...; Yim Kwangsoo Correspondent 2025.05.30

Daejeon City Signs Agreements with 22 Defense Venture Companies: Daejeon City and the Daejeon Defense Venture Center held an agreement signing ceremony on May 27 at the Daejeon Technopark Eoullim ...; KO YONG-CHUL Reporter 2025.05.30

Summer Season Customized Public Safety Measures Promoted by South Chungcheong Provincial Autonomous Police Committee: First, the meeting discussed crime prevention measures in preparation for the increase in visitors to West Coast beaches during th ...; Global Economic Times Reporter 2025.05.30

"Supporting Shared Growth for Korean and Indonesian Businesses": Chungnam Province Governor Kim Tae-heum, on his first official schedule during his trip to Indonesia, met with businesspeople and ...; KO YONG-CHUL Reporter 2025.05.30

Chungnam Province Strengthens Environmental Cooperation with Chinese Local Governments, Leading International Collaboration in the Carbon Neutral Era: Chungcheongnam-do (Chungnam Province) is significantly strengthening its environmental cooperation with China's Shandong and Jiang ...; HONG MOON HWA Senior Reporter 2025.05.30

'Delicious Trip, Cheonan' Restaurant Map Expected to Drive Local Economic Revitalization: Cheonan City is boosting expectations for local economic revitalization by producing and distributing the 'Delicious Trip, Cheonan ...; KO YONG-CHUL Reporter 2025.05.30

MercadoLibre (MELI) Reports Strong Q1 Performance, Driven by Robust Revenue Growth in Argentina: MercadoLibre (MELI), the Latin American e-commerce and fintech giant, announced strong first-quarter results for 2025, buoyed by s ...; Yim Kwangsoo Correspondent 2025.05.29

Travel Industry Eyes Central Asia as 'New Blue Ocean,' Driven by Direct Flights and Unique Experiences: This year, Central Asia has rapidly emerged as a new dark horse in the travel industry. This is due to the aggressive expansion of ...; Ana Fernanda Reporter 2025.05.29

Chungnam Provincial University's Hotel Culinary and Baking Department Achieves 'Most Awards' at International Culinary Competition: Chungnam Provincial University's Hotel Culinary and Baking Department has once again proven its standing as a prestigious departme ...; HONG MOON HWA Senior Reporter 2025.05.28

Ideal Systems Acquires Singaporean Pro Audio Company Control Logic Systems: Singapore – Ideal Systems, a leading AV and broadcast systems integrator in Asia, has acquired Control Logic Systems (CLS), ...; Desk 2025.05.28

Cebu Pacific Wet Leases Two Aircraft to Saudi flyadeal During Off-Peak Season: Seoul, Republic of Korea – Philippine low-cost carrier Cebu Pacific (PSE: CEB) announced on the 28th that it will wet lease ...; Desk 2025.05.28

Philippines-India: Direct Flights and Visa Easing Expected to Boost Tourism: Manila, Philippines – The Philippines and India are on the cusp of a groundbreaking advancement in tourism and aviation, tha ...; Graciela Maria Reporter 2025.05.28

Dave & Buster's Breaks Ground on First Philippines Location; Accelerates Global Expansion: Dave & Buster's, the leading American 'Eatertainment' brand, has broken ground on its first location in Manila, Philippines. T ...; Desk 2025.05.28

Paraguay Accelerates Beef Exports to Japan: Can it Overcome the Strict Japanese Market Threshold?: Asuncion, Paraguay – Paraguay is fast-tracking its preparations to enter the notoriously strict Japanese beef market. Julio ...; Hwang Sujin Reporter 2025.05.28

Japanese Food Giants Eye Investment in Paraguay, Securing a Bridgehead into the South American Market: Tokyo, Japan – Representatives from House Foods Group and Vox Trading, leading companies in Japan's food industry, recently ...; Hwang Sujin Reporter 2025.05.28

BYD Enters Argentina, Latin America's Last Electrification Frontier!: Buenos Aires, Argentina – After years of stagnation with an electric vehicle (EV) market share hovering around 0.1%, a wind ...; Hwang Sujin Reporter 2025.05.28

Chicago Mercantile Exchange Soybean Prices Rise: Impact of Excessive Humidity in Argentina and the U.S. Midwest: Between May 16th and 22nd, soybean futures prices on the Chicago Board of Trade (CBOT) saw an upward trend. Soybean prices rose by ...; Graciela Maria Reporter 2025.05.28

Nestlé to Invest 500 Million Reais in Brazilian Nescafé Business: Strengthening Global Coffee Market Strategy: SÃO PAULO, Brazil – Nestlé, the global food and beverage giant, announced on May 27, 2025, its plan to invest ...; Ana Fernanda Reporter 2025.05.28

Generational Divide: MZ Generation Divided on Retirement Age Extension – Conflict Intensifies Among Public, Private Sector, and Freelance Youth: SEOUL, South Korea – As the extension of the retirement age and the four-and-a-half-day workweek emerged as hot-button labor ...; Kim Sungmoon Reporter 2025.05.27