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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Trump Jr. Holds High-Profile Meetings with South Korean Business Tycoons Amidst U.S. Trade Concerns: SEOUL – Donald Trump Jr., the eldest son of the former U.S. President, arrived in South Korea on Tuesday at the invitation o ...; Eunsil Ju Reporter 2025.04.30

Andong Intensifies Crackdown on Illegal Use of Local Currency to Bolster Regional Economy: Andong, South Korea – Andong City is set to launch a comprehensive 22-day crackdown on the illicit circulation of its popula ...; KO YONG-CHUL Reporter 2025.04.30

Fila Accelerates China Expansion with New Flagship Store Launch: Global sportswear brand Fila is intensifying its efforts to conquer the Chinese market with the grand opening of a new flagship st ...; Eugenio Rodolfo Sanabria Reporter 2025.04.30

Jin Air Resumes Incheon-Qingdao Flights, Boosting Travel Options and Tourism: SEOUL, South Korea – Jin Air, a prominent South Korean low-cost carrier, has announced the resumption of its Incheon-Qingdao ...; KO YONG-CHUL Reporter 2025.04.30

World-OKTA Aims to Be Gateway for Korean SMEs' Global Expansion at Andong Expo: Andong, South Korea – The World Federation of Korean Trade Associations (World-OKTA) has declared its commitment to becoming ...; KO YONG-CHUL Reporter 2025.04.28

JD.com Enters Korean E-commerce Arena with Blitzkrieg Logistics, Threatening Local Players: SEOUL, SOUTH KOREA – E-commerce giant JD.com, often dubbed 'China's Amazon,' has officially launched its full-fledged operat ...; Min Gyu Mi Reporter 2025.04.28

Lotte GRS Expands Restaurant Portfolio with Downtown Debut of Japanese Ramen Brand 'Mukyoku': SEOUL, South Korea – Lotte GRS, the prominent food service franchise arm of South Korean conglomerate Lotte Group, has annou ...; KO YONG-CHUL Reporter 2025.04.28

Sejong City Hosts Japanese Parliamentarians for Smart City, Balanced Development Talks: SEJONG CITY – Mayor Choi Min-ho of Sejong Special Self-Governing City welcomed a delegation of Japanese parliamentarians fro ...; HONG MOON HWA Senior Reporter 2025.04.28

Incheon Bakeries Busted for Storing Expired Ingredients, Violating Food Safety Laws: INCHEON, SOUTH KOREA - Authorities in Incheon have cracked down on several food establishments, including prominent bakery cafes, ...; KO YONG-CHUL Reporter 2025.04.28

Toyota Korea Amplifies After-Sales Service with New Mega Parts Center: SIHEUNG, South Korea – Toyota Korea is significantly bolstering its after-sales service capabilities with the grand opening ...; Hwang Sujin Reporter 2025.04.28

Seoul Bets Big on Chicken to Boost Public Delivery App "Ttanggyeoyo": The Seoul Metropolitan Government has launched a bold initiative for its public delivery app, "Ttanggyeoyo" (땡겨요, meaning "It pull ...; Hwang Sujin Reporter 2025.04.28

"May Donghaeng Festival" to Boost National Spending, Support Small Businesses: South Korea is set to launch the "May Donghaeng Festival," a nationwide initiative aimed at stimulating consumer spending and supp ...; Hwang Sujin Reporter 2025.04.28

Travel Troubles Rise in South Korea as Overseas Trips Surge: As South Koreans eagerly plan overseas vacations for the upcoming Family Month in May, a concerning trend of travel-related scams ...; Hwang Sujin Reporter 2025.04.28

Philippine Central Bank Launches Mobile App, Strengthening Access to Financial Information and Accelerating Digital Inclusion: Manila – The Bangko Sentral ng Pilipinas (BSP) has announced the launch of its mobile application, ‘BSP Mobile,’ ...; ONLINE TEAM 2025.04.27

Singapore-US Trade Relations: Seeking Deeper Cooperation Amid Maintained Tariffs: As Singapore and the United States seek to deepen their economic relationship, the US has decided to maintain a basic tariff of 10 ...; Ana Fernanda Reporter 2025.04.27

Busan Launches Ambitious Regional Tourism Packages Targeting Foreign Visitors: Busan Metropolitan City and the Busan Tourism Organization are set to significantly boost inbound tourism by launching a comprehen ...; ONLINE TEAM 2025.04.27

Kakao's New Targeted Ad Service Sparks Controversy in South Korea's ICT Sector: A new service from South Korea's leading mobile messenger app, KakaoTalk, has become a contentious issue even before its full laun ...; Hwang Sujin Reporter 2025.04.27

Spring Blooms on the Sea: Jebu Island Cable Car 'Seohae Rang' Unveils Spring Refresh: Gyeonggi Province, South Korea – The Seohae Rang cable car, the only sea cable car in the Seoul metropolitan area connecting ...; Hwang Sujin Reporter 2025.04.27

Incheon Port Achieves All-Time High in Used Car Exports in the First Quarter: Incheon Port, South Korea's largest used car export hub, has broken its all-time high export record in the first quarter of this y ...; Desk 2025.04.27

Incheon Airport Anticipates Record Passenger Numbers, Urgency Grows for Expansion: Incheon International Airport is bracing for an unprecedented surge in passenger traffic this year, according to a recent analysis ...; Hwang Sujin Reporter 2025.04.27