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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Paraguay Emerges as a New Meat Supplier for the European Market… Efforts to Attract Investment Gain Momentum: Paraguay is actively pursuing entry into the European market and attracting investment, highlighting its potential to meet the dem ...; Ana Fernanda Reporter 2025.05.17

Japanese Maquiladora Sees Opportunity in US-China Trade Tensions, Eyes Paraguay's Auto Parts Growth Potential: ASUNCIÓN, Paraguay - Top executives at Japanese automotive parts manufacturer Yazaki recently stated their belief that maqu ...; Desk 2025.05.13

Bank of Singapore Appoints Emmanuel Bucaille as Head of New Product Development, Strengthening Asia Wealth Management Market: Bank of Singapore, the wealth management arm of Singapore-based OCBC Bank, has announced the appointment of Emmanuel Bucaille as i ...; Hwang Sujin Reporter 2025.05.13

Taiwan Bids Farewell to Foreign Scholarship Recipients, Strengthening Global Talent Network: Taipei, Taiwan – The Ministry of Foreign Affairs (MOFA) and the Ministry of Education (MOE) jointly hosted a farewell recept ...; Ana Fernanda Reporter 2025.05.13

Coupang Play Disrupts South Korean OTT Market with Bold 'Free Streaming' Initiative as Netflix Raises Prices: Seoul, South Korea – In a groundbreaking move that is poised to reshape the competitive landscape of the South Korean over-t ...; Eugenio Rodolfo Sanabria Reporter 2025.05.12

K-Bank Sets New Standard in Banking Security with Pioneering Full Identity Theft Compensation: Seoul, South Korea – In a bold move to bolster consumer trust and security in the digital age, K-Bank, a prominent South Kor ...; Desk 2025.05.12

Tariff Uncertainty and Soaring Bonded Warehouse Costs Squeeze Korean SMEs in US Exports: SEOUL, South Korea – A confluence of trade uncertainties and a dramatic surge in the cost of US bonded warehouse storage are ...; Ana Fernanda Reporter 2025.05.12

Hard Seltzer Craze Crosses the Pacific: SWAY Launches in South Korea, Betting on Health-Conscious Drinkers: Bucheon, South Korea – The burgeoning global trend of hard seltzers has officially landed on South Korean shores with the ex ...; Eugenio Rodolfo Sanabria Reporter 2025.05.12

South Korean Tech Firms Stand Firm Against Google's Renewed High-Precision Map Data Export Bid Amidst National Security and Economic Concerns: Seoul, South Korea – A coalition of South Korean technology companies, ranging from burgeoning startups to established giant ...; Ana Fernanda Reporter 2025.05.12

Navigating Volatility: ETF Flows Reveal Shifting Investor Focus from Broader Tech to Semiconductor Sector Amidst Uncertainties: Seoul, South Korea – An intriguing shift in investment trends has emerged within the Exchange Traded Fund (ETF) landscape, a ...; Graciela Maria Reporter 2025.05.12

Baek Jong-won's Theborn Korea Unveils Massive Discount Campaign Amidst Mounting Scandals: Seoul, South Korea – In a bold maneuver to navigate a turbulent period marked by a series of damaging controversies, promine ...; Global Economic Times Reporter 2025.05.12

Woori Bank Unveils Open BaaS Platform, Empowering Startups with Seamless Financial Integration: Seoul, South Korea – Woori Bank, a prominent South Korean financial institution, is making a strategic move to democratize a ...; Desk 2025.05.12

South Korea's Fiscal Trajectory: Rising Debt and Economic Headwinds Raise Concerns: Seoul, South Korea – A confluence of factors, including robust fiscal spending in response to the COVID-19 pandemic, efforts ...; Desk 2025.05.12

South Korea's Ministry of Trade, Industry and Energy Hosts APEC Sustainable Supply Chain Forum, Seeking Supply Chain Stability and Resilience: In a parallel effort, the Ministry of Trade, Industry and Energy (MOTIE) of South Korea convened a significant forum in Jeju, brin ...; Hwang Sujin Reporter 2025.05.11

CONMEBOL Opens New Hotel Tower in Luque Ahead of FIFA Congress in Paraguay: Luque, Paraguay – The South American Football Confederation (CONMEBOL) has inaugurated a brand-new hotel tower as part of th ...; Yim Kwangsoo Correspondent 2025.05.11

China and Switzerland Pledge Closer Ties, Push for FTA Upgrade: Geneva - Top leaders from China and Switzerland convened on Friday, agreeing to enhance communication, uphold free trade, and acce ...; Global Economic Times Reporter 2025.05.11

Paju's Heyri Art Village Blossoms with Local Food Market 'Sunshine Market': PAJU, GYEONGGI PROVINCE – Paju City is fostering vibrant connections between local farmers and residents while promoting the ...; Hwang Sujin Reporter 2025.05.10

Paju City Recognized as 'Top Excellent Municipality' in Food Culture Improvement, Awarded Prime Minister's Commendation: Gyeonggi Province's Paju City was honored with the Prime Minister's Commendation, the highest award in the food culture improvemen ...; Hwang Sujin Reporter 2025.05.10

Sancheong County Offers Month-Long Retreat in Pristine Jirisan Mountains: SANCHEONG, South Korea – Nestled in the embrace of the majestic Jirisan National Park, Sancheong County in Gyeongsangnam Pro ...; Hwang Sujin Reporter 2025.05.10

Rare Family of 70-Year-Old Wild Ginseng Worth $130,000 Discovered in Jirisan National Park: A stunning discovery in the rugged terrain of Jirisan National Park has captivated the attention of herbal medicine enthusiasts an ...; KO YONG-CHUL Reporter 2025.05.10