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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Seoul's Savory Pancakes: A Deep Dive into the City's Top Bindaetteok Spots: Seoul, a city renowned for its vibrant culinary scene, boasts a plethora of dishes that tantalize the taste buds. Among these, bin ...; Hwang Sujin Reporter 2025.04.26

Shinan-gun Hosts the 3rd World Kimbap Festa, Showcasing Unique Local Flavors: Shinan-gun, Jeollanam-do Province, South Korea, is set to host the highly anticipated '3rd World Kimbap Festa' for two days, start ...; Yim Kwangsoo Correspondent 2025.04.26

K-Beauty Supply Chain Thrives as Export Records Shatter: South Korea's K-beauty industry is riding a wave of unprecedented export success, generating significant tailwinds for companies a ...; Desk 2025.04.26

Korean Ferry Operator Acquires Troubled Queen Beetle Amidst Japan-South Korea Route Uncertainty: Busan, South Korea – The high-speed ferry Queen Beetle, plagued by a significant hull leakage incident last year that ultima ...; Hee Chan Kim Reporter 2025.04.26

Jeonnam's Revolutionary "One-Dollar Ferry" Bridges the Gap for Island Communities, Surpasses 5.5 Million Users: Mokpo, Jeonnam Province – A groundbreaking initiative launched by Jeonnam Province in 2021, the "One-Dollar Ferry" program, ...; Yim Kwangsoo Correspondent 2025.04.26

Environmental Journalists Worldwide Face Escalating Threats and Violence: Reporters Without Borders Urges Protection Ahead of COP30: On April 22nd, marking Earth Day, Reporters Without Borders (RSF) issued a stark warning about the perilous conditions faced by jo ...; Greace Nunez Correspondent 2025.04.26

Coalition's Proposed Review of Temporary Graduate Visa Sparks Concerns in International Education Sector: The Australian Coalition has announced its intention to review the Temporary Graduate Visa (subclass 485) if elected, citing conce ...; Eugenio Rodolfo Sanabria Reporter 2025.04.26

Chungnam FTA Trade Promotion Center Supports Local Businesses Amidst Shifting Global Trade Landscape: Cheonan, South Korea – The Chungnam FTA Trade Promotion Center announced on April 25th that it successfully held its ‘ ...; Hwang Sujin Reporter 2025.04.25

NongHyup Accelerates K-Food Export to the U.S. Through Strategic Partnerships with Major Distributors: NongHyup (National Agricultural Cooperative Federation) has recently intensified its efforts to bolster the competitiveness of Kor ...; HONG MOON HWA Senior Reporter 2025.04.25

K-Railways Make Foray into Global Operations Market with Landmark Philippines MRT-7 Deal: A new era has dawned for South Korea's railway technology as its operational expertise gains international recognition. On April 2 ...; Yim Kwangsoo Correspondent 2025.04.25

Jinju Invests ₩9.8 Billion to Cement Leadership in South Korea's Fresh Produce Exports: JINJU, South Korea – Jinju City, a consistent frontrunner in South Korea's fresh agricultural product exports, has announced ...; HONG MOON HWA Senior Reporter 2025.04.25

Incheon Trade Delegation Achieves $3 Million in Export Consultations in Qingdao: An "Incheon Consumer Goods Trade Delegation" dispatched to Qingdao, China, has reportedly achieved significant export consultation ...; Min Gyu Mi Reporter 2025.04.25

Seocheon and Yesan to Integrate Tourism Transportation Booking via Mobile Apps: South Chungcheong Province has announced that Seocheon County and Yesan County have been selected for the Korea Tourism Organizati ...; HONG MOON HWA Senior Reporter 2025.04.25

Chungcheongnam-do Province Bolsters Support for Small Businesses in Coal Plant Closure Zones: Chungcheongnam-do, South Korea – Chungcheongnam-do Province convened its "Just Transition Fund Deliberation Committee" on Ap ...; HONG MOON HWA Senior Reporter 2025.04.25

Chungnam Province Earmarks 100 Billion Won to Aid Export Firms Hit by US Tariffs: Chungnam Province is proactively addressing the fallout from the burgeoning "tariff storm" originating from the United States by a ...; HONG MOON HWA Senior Reporter 2025.04.25

Chungnam Province Unites for the Success of the Naepo Bio-Life Cluster: Chungnam Province convened a progress report meeting on the 23rd at the Provincial Office to ensure the successful advancement of ...; KO YONG-CHUL Reporter 2025.04.25

Chungnam Information & Culture Industry Promotion Agency Achieves $28.7 Million Export Agreement at 23rd World Korean Business Convention: The Chungnam Information & Culture Industry Promotion Agency (CICA), led by Director Kim Gok-mi, announced on April 23rd a sig ...; KO YONG-CHUL Reporter 2025.04.25

Cheonan Launches 'Display Innovation Process Center' to Lead Next-Generation Display Industry: Cheonan City announced on April 23rd the grand opening of the 'Display Innovation Process Center' within the Chungnam Technopark, ...; HONG MOON HWA Senior Reporter 2025.04.25

Mediogen Partners with India's Maypharm to Target Latin American Probiotics Market, Securing a KRW 5 Billion Exclusive Contract for 5 Years: Mediogen, a leading South Korean research and manufacturing company specializing in probiotics, has announced a strategic partners ...; KO YONG-CHUL Reporter 2025.04.25

Korea Introduces Nuclear Power in Africa; Nigeria Agrees to Cooperation: Hwang Ju-ho, the CEO of Korea Hydro & Nuclear Power (KHNP), introduced South Korea's nuclear power capabilities in Africa. Afr ...; Yim Kwangsoo Correspondent 2025.04.25