Global Economic Times

2025.10.22 (Wed)
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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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Daejeon Fire Headquarters Intensifies Emergency Response with Recruitment of Paramedics and Nurses: Daejeon, South Korea – In a proactive move to bolster its emergency medical services (EMS) and ensure the seamless provision ...; Hwang Sujin Reporter 2025.05.03

Daejeon and Hanwha Eagles Unite Iconic Mascot with Baseball Spirit in Collaborative Merchandise Launch: Daejeon, South Korea – In a move designed to ignite local pride and fan enthusiasm, the city of Daejeon has partnered with i ...; Hwang Sujin Reporter 2025.05.03

South Chungcheong Province Intensifies Training to Bolster Civil Servant Response to Citizen Grievances: South Chungcheong Province, South Korea – South Chungcheong Province is proactively addressing the escalating complexities o ...; HONG MOON HWA Senior Reporter 2025.05.03

Cheonan Empowers Youth Innovation with Million-Won Challenge Project: CHEONAN, SOUTH KOREA - Cheonan City is bolstering its commitment to youth empowerment and regional development through the selecti ...; HONG MOON HWA Senior Reporter 2025.05.03

Cheonan Revamps Local Currency Card Design as Popular Initiative Marks Half-Decade Milestone: Cheonan, South Korea – In a move to refresh its public image and celebrate a significant milestone, Cheonan City has announc ...; HONG MOON HWA Senior Reporter 2025.05.03

South Korea's Chungcheongnam-do Province Intensifies Emerging Market Push Amidst US Tariff Fallout: In a proactive move to mitigate the adverse effects of escalating trade tensions, particularly the recent imposition of tariffs by ...; KO YONG-CHUL Reporter 2025.05.03

Daejeon Secures Landmark Agreement to Host Premier Life Science Conferences, Boosting Bio-Industry Ambitions: Daejeon Metropolitan City has strategically positioned itself as a burgeoning hub for the life sciences, securing a significant fi ...; HONG MOON HWA Senior Reporter 2025.05.03

MA Financial Expands Asia Presence with Appointment of Head of Asian Distribution in Singapore: Singapore – Australian-based financial services group MA Financial is accelerating its expansion in the Asian market. The co ...; KO YONG-CHUL Reporter 2025.05.03

Singapore's New IPOS Chairman to Accelerate Attraction of Multinational Corporations' R&D: The new Chairman of the Intellectual Property Office of Singapore (IPOS), Mr. Nicky Tan, who was appointed last April, has stated ...; KO YONG-CHUL Reporter 2025.05.03

Argentine Agrees to $20 Billion Stabilization Program with IMF: Analysis of Success Potential and Risk Factors: BUENOS AIRES – The Argentine government has entered the third phase of its economic stabilization plan by agreeing to a $20 ...; Pedro Espinola Special Correspondent 2025.05.03

Paraguay Small Online Stores Usher in Era of Simple Payments with QR Codes: Bancard, Paraguay's leading payment network, has announced the official support for QR code payments for online stores of all size ...; Global Economic Times Reporter 2025.05.03

Upscale Asunción Restaurant El Elegido Takes a New Leap Forward with Menu Revamp and All-Day Concept: El Elegido, a high-end restaurant located at the intersection of Denis Roa and Austria Streets in the central business district of ...; Ana Fernanda Reporter 2025.05.03

Chungcheongnam-do Province to Expand Economic and Human Exchange with Uzbekistan: Chungcheongnam-do Province, together with the Chungnam Northern Chamber of Commerce and local business leaders, conducted a 2-nigh ...; HONG MOON HWA Senior Reporter 2025.05.02

World-OKTA Rebrands as 'World Korean Economic and Trade Association' to Reflect Evolving Role: Andong, South Korea – The World Federation of Overseas Korean Traders Associations (World-OKTA), a prominent organization re ...; KO YONG-CHUL Reporter 2025.05.01

Sri Lankan Delights Take Center Stage at Food and Hotel Asia Exhibition in Singapore: Singapore - Ceylon tea, a globally renowned beverage, alongside a diverse array of coconut products and natural drinking water fro ...; Desk 2025.05.01

Singapore's F&B Sector Faces Contraction After a Year of Growth, But Opportunities Remain, Says OCBC: Singapore - Singapore's Food and Beverage (F&B) industry is experiencing a slowdown, marked by market saturation and a challen ...; Eugenio Rodolfo Sanabria Reporter 2025.05.01

Andong Mayor Kwon Ki-chang Urges Tourism as an Act of Charity Following Devastating Wildfires: Andong, South Korea - In a press conference held in conjunction with World OKTA (Overseas Korean Traders Association) President Pa ...; KO YONG-CHUL Reporter 2025.04.30

Yecheon Agri-Food Products Set Stage for Global Expansion at Andong Korea Business Expo: Andong, South Korea – Yecheon County, North Gyeongsang Province, is making significant strides towards entering the global m ...; KO YONG-CHUL Reporter 2025.04.30

World-OKTA's Andong Korea Business Expo Secures $84 Million in Deals, Demonstrating Global Korean Economic Network Power: ANDONG, SOUTH KOREA - The World Korean Traders Association (World-OKTA) concluded its 2025 World Representatives Convention and Ko ...; KO YONG-CHUL Reporter 2025.04.30

Resilient Beauty Salons and Lodging Outshine Struggling Online Retail and Cosmetics in South Korean Startup Survival Rates: SEOUL, South Korea - New data released by South Korea's National Tax Service reveals a stark contrast in the survival rates of var ...; Kim Sungmoon Reporter 2025.04.30