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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European Car Market Sees First Growth in Three Months, but Tesla Sales Plummet: Brussels, Belgium - The European car market experienced a modest rebound in March, marking the first increase in sales volume in t ...; Eugenio Rodolfo Sanabria Reporter 2025.04.25

South Korea Elected to Executive Council of UN Centre for Sustainable Agricultural Mechanization for the First Time: South Korea has been elected as a member of the Executive Council of the United Nations Centre for Sustainable Agricultural Mechan ...; ONLINE TEAM 2025.04.25

McDonald's Korea's "Taste of Korea" Campaign Wins Gold at Spikes Asia 2025 for Creative Strategy: Seoul, South Korea – McDonald's Korea has been recognized for its impactful ESG (Environmental, Social, and Governance) effo ...; Hwang Sujin Reporter 2025.04.25

Asian Stock Markets Show Resilience as Trump Partially Retreats on Tariffs: Following U.S. President Donald Trump's recent rollback of some of the tariff policies he announced earlier this month, several As ...; Ana Fernanda Reporter 2025.04.25

Guri City Continues Free Bicycle Repair Service to Enhance Citizen Convenience: Guri City is extending its free bicycle repair service into this year, a program that has been running since 2018. This initiative ...; Desk 2025.04.25

Unexpected Accidents and Thefts Highlight the Necessity of Art Insurance: In 2015, a seemingly innocuous incident at a Taiwanese exhibition hall underscored the inherent vulnerabilities of valuable artwor ...; ONLINE TEAM 2025.04.25

Paraguay's Ministry of Finance Conducting Census of Retirees... Pension Payments to be Suspended for Non-Registration: Paraguay's Ministry of Economy and Finance (MEF) is conducting a digital census of retirees and pension recipients, and it has bee ...; Yim Kwangsoo Correspondent 2025.04.24

MariBank Acquires SeaBank Philippines, Accelerating Penetration into Southeast Asian Digital Finance Market: Singapore-based digital bank MariBank Singapore Private Limited (hereinafter ‘MariBank’) announced on April 24, 2025, ...; Graciela Maria Reporter 2025.04.24

BASF Sells Stake in Korla Joint Ventures in China… Ownership Transferred to Singapore's Verde Chemical: Global chemical company BASF has announced the sale of its stakes in its joint ventures located in Korla, Xinjiang Uygur Autonomou ...; Desk 2025.04.24

Singapore Has World's Highest Remote Work Rate, Yet Employee Engagement Falls Below Global Average: Despite having the highest proportion of remote workers globally, Singapore's employee engagement remains below the global average ...; Yim Kwangsoo Correspondent 2025.04.24

South Korea Mulls Expanding E-9 Visa to Address Service Sector Labor Shortages, Faces Opposition: Seoul, South Korea - South Korea is considering a significant expansion of its Employment Permit System (EPS), potentially allowin ...; Desk 2025.04.24

Invitation to the 33rd Anniversary of Korea-China Diplomatic Relations Forum: "New Era, New Vision: A Community of Shared Future for Mankind and a New Korea-China Relationship" This year marks the significan ...; KO YONG-CHUL Reporter 2025.04.24

Kim Jeom-bae Appointed as New Chairman of Global Hansang Dream, Pledges to Support Next Generation: Seoul, South Korea – Global Hansang Dream (GHD), a non-profit organization dedicated to fostering the next generation of ove ...; KO YONG-CHUL Reporter 2025.04.24

KFC Australia Launches World-First Habanero Hot & Crispy, Sparking Korean Consumer Interest: Sydney, Australia - KFC Australia has ignited a fiery buzz among fast-food enthusiasts with the unprecedented launch of its new "H ...; Desk 2025.04.24

South Korean Rice Exports Surge in 2024 Amidst K-Food Popularity: Seoul, South Korea - Bolstered by the global fervor for K-food, South Korea's rice exports witnessed an extraordinary surge in the ...; Desk 2025.04.23

OpenAI Expresses Interest in Acquiring Chrome Amidst Google Antitrust Scrutiny: Washington D.C. - In a surprising turn of events during the ongoing antitrust trial examining Google's dominance in the search mar ...; Desk 2025.04.23

GS25 Achieves Record-Breaking Success in Hanoi, Vietnam…Average Daily Sales Exceed KRW 5 Million at 6 Stores: GS Retail announced on the 22nd that its convenience store GS25 is causing a K-convenience store sensation in Hanoi, Vietnam, with ...; KO YONG-CHUL Reporter 2025.04.23

Global Korean Journalists to Gather in Seoul for Presidential Policy Debate and Media Workshop: The World Korean Journalists Association (WKJA) is set to host a large-scale event from May 12th to 16th, encompassing Seoul, Inch ...; KO YONG-CHUL Reporter 2025.04.23

Jeju Province to Host Singaporean Buyers for Export Consultations, Marking Singapore Office Anniversary: JEJU-SI, SOUTH KOREA – In a strategic move to bolster local businesses' foray into the burgeoning ASEAN market, the Jeju Spe ...; KO YONG-CHUL Reporter 2025.04.23

KIBO Expands Global Footprint with Singapore Branch and Hana Bank Partnership: The Korea Technology Finance Corporation (KIBO), a leading Korean government-affiliated financial institution, is poised to signif ...; Graciela Maria Reporter 2025.04.23