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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Gangwon Province Rolls Up Sleeves to Support Businesses in Former Coal Mining Areas: Gangwon Province is strengthening its support for companies located in the industrial complexes of former coal mining areas &ndash ...; Kim Sungmoon Reporter 2025.05.08

Kyeongnam Bank's 'Financial Dream Bus' Initiative: Bridging the Financial Inclusion Gap in Underserved Communities: Sancheong, South Korea – BNK Kyeongnam Bank has taken a proactive step towards enhancing financial inclusion in underserved ...; ONLINE TEAM 2025.05.08

Daesang's 'Kimchi Blast Tokyo 2025' a Resounding Success, Drawing 12,000 Enthusiasts: Tokyo, Japan – Daesang Corporation, a prominent South Korean food conglomerate, has declared its recent pop-up store event, ...; Yim Kwangsoo Correspondent 2025.05.08

Grand Hyatt Jeju Elevates Culinary Landscape with the Debut of Authentic Shanghainese Restaurant 'Blue Dragon': Jeju Island, South Korea – The Grand Hyatt Jeju, a prominent feature of the Jeju Dream Tower integrated resort, has further ...; Hwang Sujin Reporter 2025.05.08

Air Serbia Reconnects Belgrade and Geneva, Boosting Connectivity and Catering to Growing Demand: Belgrade, Serbia – Air Serbia, the flag carrier of Serbia, has announced the resumption of its direct air service between th ...; Eugenio Rodolfo Sanabria Reporter 2025.05.08

SoluM Solidifies Dominance in Swiss ESL Market with Expanded Exclusive Deal with Retail Giant Migros: ZURICH, Switzerland – South Korean technology innovator SoluM has announced a significant expansion of its exclusive partner ...; Desk 2025.05.08

KOTRA and Pohang City Spotlight Korean Biotech Innovation at Swiss Biotech Day, Paving Way for European Expansion: Basel, Switzerland – The Korea Trade-Investment Promotion Agency (KOTRA), in strategic partnership with Pohang City, made a ...; Desk 2025.05.08

Daejeon to Leap Forward as a Central Hub for Startup Makers: Daejeon City has been selected for the Ministry of SMEs and Startups' '2025 Collaborative Makerspace Support Project' for the seco ...; KO YONG-CHUL Reporter 2025.05.08

Chungnam Governor Kim Tae-heum to Share Carbon Neutrality Achievements and Seek Expanded Asian Cooperation: Kim Tae-heum, Governor of Chungcheongnam-do Province and Asia-Pacific Chair of the Under2 Coalition, will embark on a four-day tri ...; HONG MOON HWA Senior Reporter 2025.05.08

Siheung City Boosts Local Economy and Seafood Consumption with Onnuri Gift Certificate Refund at Oido Market: Siheung, Gyeonggi Province – In a concerted effort to invigorate the local economy and encourage the consumption of high-qua ...; Hwang Sujin Reporter 2025.05.08

UNOX Korea Announces May Baking Class Series at Seoul Experience Center: Seoul, South Korea – UNOX Korea, the local branch of the renowned Italian manufacturer of professional ovens, has announced ...; Hwang Sujin Reporter 2025.05.08

Samyang's Buldak Brand Dominates Dutch Retail Awards, Cementing K-Spicy Reign in Europe: Rotterdam, Netherlands – Samyang Foods, the South Korean culinary powerhouse behind the globally renowned Buldak (Fire Chick ...; Hwang Sujin Reporter 2025.05.08

Nordic Embassies in Seoul to Host 'Nordic+Korea Innovation Days 2025': The Embassies of Denmark, Finland, Norway, and Sweden in Seoul will jointly host the 'Nordic+Korea Innovation Days 2025' week-long ...; KO YONG-CHUL Reporter 2025.05.08

GCCI and Envision Partner to Champion Diversity and Inclusion Through 'Dialogue in the Dark': Seoul, South Korea – The Korean-German Chamber of Commerce and Industry (KGCCI) has forged a significant partnership with En ...; Desk 2025.05.08

Oracle Establishes Indonesia as AI Hub with Southeast Asia's Largest GPU Cloud Cluster: In a move poised to significantly bolster Indonesia's digital infrastructure and accelerate its artificial intelligence (AI) ambit ...; Desk 2025.05.07

Korean Retailer GS Supermarket Pulls Out of Indonesian Market, Citing Unspecified Reasons: Jakarta, Indonesia – South Korean supermarket chain GS Supermarket is set to completely cease its operations in Indonesia by ...; Graciela Maria Reporter 2025.05.07

Mona Yongpyong Forges Strategic Alliances with Malaysian Hospitality and Golf Leaders in Global Expansion Bid: Mona Yongpyong, a prominent South Korean resort operator, has announced a significant step in its global expansion strategy throug ...; Desk 2025.05.07

Boseong and Sabah Cultivate Cross-Cultural Ties Through Shared Love of Tea: Boseong County, South Jeolla Province, South Korea – The verdant tea fields of Boseong, renowned as the "tea capital" of Kor ...; Hwang Sujin Reporter 2025.05.07

South Korea's Gyeongsangnam-do Province Forges Strong Ties in Turkey'sburgeoning Nuclear Energy Market, Securing $94.92 Million in Export Consultations: Gyeongsangnam-do Province, a key hub for South Korea's nuclear power industry, has made significant strides in tapping into the bu ...; Yim Kwangsoo Correspondent 2025.05.07

Aeon Group Embarks on Ambitious Expansion in Vietnam, Targeting 100 Mega-Stores by 2030: Tokyo, Japan – Aeon Group, Japan's preeminent retail conglomerate, has unveiled an aggressive expansion strategy for its Vie ...; Ana Fernanda Reporter 2025.05.07