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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South Korea and Saudi Arabia Leap Beyond Energy into Digital and Future Industries: Seoul, South Korea - South Korea and Saudi Arabia, a Middle Eastern economic powerhouse and a key source of energy for the former, ...; Hwang Sujin Reporter 2025.05.10

Korean Consulate General in Sydney Hosts Successful Job and Safety Fair for 2025 Working Holiday Participants: Sydney, Australia - The Korean Consulate General in Sydney announced the successful hosting of its "2025 Australia Working Holiday ...; Hwang Sujin Reporter 2025.05.10

Samsung Bespoke AI Combo Washer/Dryer and OLED TV Sweep Australia's Top Innovation Awards, Proving Global Tech Prowess: SEOUL, South Korea – Samsung Electronics' groundbreaking home appliances, the Bespoke AI Combo all-in-one washer and dryer a ...; Desk 2025.05.10

Korea Forest Service Showcases Eco-Friendly Wood and Technology at Australian Expo, Securing Potential $21.2 Million in Exports: SYDNEY, AUSTRALIA – The Korea Forest Service (KFS), in collaboration with the Korea Forestry Promotion Institute, successful ...; KO YONG-CHUL Reporter 2025.05.10

South Chungcheong Governor Kim Tae-heum Actively Promotes Carbon Neutrality: Singapore – Governor Kim Tae-heum of South Chungcheong Province, currently in Singapore to attend the Asia Climate Action Su ...; KO YONG-CHUL Reporter 2025.05.09

Chungcheongnam-do Province Recognized for Innovative Marine Leisure Tourism Strategy, Pioneering Sustainable Coastal Development: Seoul, South Korea – Chungcheongnam-do Province has been lauded for its forward-thinking approach to marine leisure tourism, ...; KO YONG-CHUL Reporter 2025.05.09

China Flexes Rare Earth Muscle Ahead of Key US Talks, Prices Skyrocket Amid Export Curbs: Beijing – As high-stakes diplomatic engagements loom, China appears to be leveraging its dominance in the critical rare eart ...; Eugenio Rodolfo Sanabria Reporter 2025.05.09

Kolon Mobility Group Rides Premium Demand to Soar in Q1 Profits Amidst Economic Headwinds: Seoul, South Korea – Kolon Mobility Group, a prominent South Korean automotive conglomerate specializing in the distribution ...; Desk 2025.05.09

Ford Increases Prices of Mexico-Made Vehicles, Amplifying Concerns of Ripple Effects in the Auto Market Due to Trump Tariffs: U.S. automaker Ford has increased prices on key models produced in Mexico due to the impact of the import tariff policy imposed by ...; Eunsil Ju Reporter 2025.05.09

Lotte to Host ‘Korea Brand Expo’ in Paris… Laying a Bridgehead for Entry into the European Market: Lotte Group, in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Foundation for Cooperation of ...; Greace Nunez Correspondent 2025.05.09

BBH Singapore Unveils Global Campaign Highlighting Samsung Galaxy S25 Ultra + Google Gemini's Everyday Problem-Solving Capabilities: Global advertising agency BBH Singapore, in collaboration with Samsung Electronics, has launched a new global campaign showcasing ...; Hwang Sujin Reporter 2025.05.09

Singapore-Based Impact Investment Platform Co-Axis Secures KRW 1 Billion Investment to Support Climate and Health Solutions in Asia: Singapore-based impact investment marketplace Co-Axis recently announced that it has attracted approximately SGD 1.25 million (USD ...; Yim Kwangsoo Correspondent 2025.05.09

Taiwanese Small and Medium-Sized Auto Parts Suppliers Shaken by Exchange Rate Volatility: Amidst the recent sharp volatility of the New Taiwan Dollar exchange rate, which is amplifying uncertainty across financial market ...; Eugenio Rodolfo Sanabria Reporter 2025.05.09

Paraguay to Grandly Celebrate 'Paraguay Day' at the 2025 Osaka Expo, Highlighting Culture and Economic Potential: ASUNCIÓN – Paraguay is set to showcase its rich culture and boundless potential to the world by celebrating a special ...; Greace Nunez Correspondent 2025.05.09

Hyatt Announces Luxury Hotel ‘Casa Duhau’ in Mendoza, Argentina, a Mixed-Use Development with Winery and Residences: Hyatt Hotels Corporation (NYSE: H), a leading global hotel chain, has announced its collaboration with the Scalesciani family, own ...; Eugenio Rodolfo Sanabria Reporter 2025.05.09

Brazilian Tradener Begins Importing Argentine Gas... Accelerating South American Energy Market Integration: Brazilian energy trading company Tradener has begun importing natural gas from Argentina, adding new momentum to the integration o ...; Ana Fernanda Reporter 2025.05.09

New York Stock Market Rises on AI Chip Regulation Reversal After FOMC Volatility; Nasdaq Up 0.3%: The three major New York stock market indexes closed higher after experiencing extreme volatility. Investor sentiment had initial ...; Hannah Yeh Reporter 2025.05.08

Wall Street Navigates Fed Uncertainty and Tariff Jitters, Late Surge Fueled by AI Chip Regulation Relief: New York – The U.S. stock market experienced a day of seesaw trading on Wednesday, ultimately closing in positive territory ...; Greace Nunez Correspondent 2025.05.08

LG OLED and Steven Harrington: Where Cutting-Edge Display Technology Meets Vibrant Pop Art at Frieze New York: New York, NY – The intersection of avant-garde technology and contemporary art has found a captivating stage at Frieze New Y ...; Yim Kwangsoo Correspondent 2025.05.08

Jeju Province to Impose Fines for Violations of Housing Lease Contract Reporting Starting June: Jeju Special Self-Governing Province announced on the 8th that fines will be imposed for violations of the housing lease contract ...; ONLINE TEAM 2025.05.08