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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Goyang City Forges Global Food Industry Network with Singapore's Innovate 360: Goyang, South Korea - Goyang Special City has taken a significant step in expanding its global network within the food industry by ...; Eugenio Rodolfo Sanabria Reporter 2025.04.23

Hyundai Department Store Partners with Marina Bay Sands for VIP Customer Benefits: Hyundai Department Store has announced a strategic partnership with Singapore's iconic landmark, Marina Bay Sands, to offer recipr ...; Hwang Sujin Reporter 2025.04.23

Kangwon National University GTEP Team Achieves Success at FHA-Food & Beverage 2025 in Singapore: The Regional Specialized Youth Trade Expert Incubation Program (GTEP) team of Kangwon National University (President Jung Jae-yeon ...; Eugenio Rodolfo Sanabria Reporter 2025.04.23

Daejeon Forges Alliance for Fair Labor Practices in Landmark Joint Declaration: Daejeon, South Korea – In a significant move towards fostering a more equitable and sustainable labor environment, Daejeon M ...; HONG MOON HWA Senior Reporter 2025.04.23

World-OKTA Stands Firm with Andong: Business Convention Proceeds to Fuel Post-Wildfire Recovery: Andong, South Korea – In a powerful display of solidarity and commitment to national resurgence, the World Federation of Ove ...; KO YONG-CHUL Reporter 2025.04.23

Daejeon Launches Initiative to Integrate Young Professionals into Industrial Hubs: Daejeon, South Korea – Daejeon Metropolitan City has announced a significant push to create more welcoming and supportive en ...; HONG MOON HWA Senior Reporter 2025.04.23

Chungnam CCEI Center for Creative Economy and Innovation to Help Climate Tech Startups Enter the European Market… Recruiting Participants for the ‘Global Accelerating Support Program’: The Chungnam Center for Creative Economy and Innovation (Chungnam CCEI) has been finally selected as the managing organization for ...; HONG MOON HWA Senior Reporter 2025.04.23

Chungnam Province Enhances Capabilities of Social Welfare Officials: Buyeo, South Korea - Chungcheongnam-do (Chungnam Province) held its "2025 Chungnam Social Welfare Officials Capability Enhancement ...; HONG MOON HWA Senior Reporter 2025.04.23

Amidst Tariff Storm, Export Target Exceeded by 13 Times at Epicenter < MOU Signing >: Chungcheongnam-do Province has ignited new hope for South Korea and its regional economy by significantly expanding market channel ...; KO YONG-CHUL Reporter 2025.04.23

Starbucks Introduces 'Buy One, Get One Half Off' Coffee Deal, Potentially Reshaping the Market: Starbucks Korea has announced a significant expansion of its 'One More Coffee' program, offering customers the opportunity to purc ...; Hwang Sujin Reporter 2025.04.22

Google Faces Antitrust Scrutiny Over AI, Allegedly Pays Samsung Enormous Sums: The second round of the antitrust lawsuit against Google has commenced, raising concerns that the tech giant is leveraging artific ...; Ana Fernanda Reporter 2025.04.22

Bolivia Exports First Chia Seeds to China, Opens New Market Beyond US Tariff Barriers: After six years of persistent negotiations, Bolivia has fully opened the door to the Chinese market. Last week, Agropecuaria Ch&ia ...; Desk 2025.04.22

Altenar Prepares for GAT Expo 2025, Presents Successful Strategy for the Colombian Market: Cartagena, Colombia – Ahead of its participation in GAT Expo 2025, to be held in Cartagena, Colombia from April 28th to 30th ...; Desk 2025.04.22

The Rise and Lessons of Brazil and India's Instant Payment Systems: Implications for Global Financial Innovation: As the rise of instant payment systems rapidly transforms the landscape of the global financial industry, governments worldwide ar ...; Ana Fernanda Reporter 2025.04.22

Busan City Launches Collaborative Design Project for Young Designers and SMEs: Busan Metropolitan City and the Busan Design Promotion Agency have officially launched the 'Young Designer Collaboration Design Pr ...; Hwang Sujin Reporter 2025.04.21

Figma, Valued at $20 Billion in Just 10 Years, Challenges the Stock Market with IPO: On April 15th (local time), American design software company Figma announced its move to go public by submitting documents for an ...; KO YONG-CHUL Reporter 2025.04.21

Ciudad del Este Enjoys Easter Shopping Boom as Argentine Tourists Flock In: Ciudad del Este, Paraguay - The Friendship Bridge (Puente Internacional de la Amistad), a vital artery connecting Paraguay and Bra ...; Eugenio Rodolfo Sanabria Reporter 2025.04.21

Cheonan City Explores 'Global Cheonan' Vision in the U.S., Seeking Overseas Market Expansion: Cheonan, South Korea - The Cheonan City delegation recently concluded a visit to the United States, where they engaged with offici ...; HONG MOON HWA Senior Reporter 2025.04.21

Dream Taxis Take to the Streets of Daejeon: A New Era for Urban Transportation: Daejeon Metropolitan City has officially launched its distinctive branded taxi service, "Dream T" (꿈T), with an initial fleet of 1 ...; HONG MOON HWA Senior Reporter 2025.04.21

23rd World Korean Business Convention Concludes Successfully in Atlanta, Forging a Global Korean Business Network: Atlanta, GA – The 23rd World Korean Business Convention (WKBC) concluded its successful four-day run in Atlanta, Georgia, on ...; Kim Sungmoon Reporter 2025.04.21