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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Jeonju Chamber of Commerce Joins Global Business Leaders at the 23rd World Korean Business Convention in Atlanta: Jeonju, South Korea – The Jeonju Chamber of Commerce and Industry (JCCI), led by Chairman Kim Jong-tae, announced its partic ...; KO YONG-CHUL Reporter 2025.04.21

Gyeongbuk-Based Skincare Innovator 'Cure-sing' to Showcase K-Bathing Culture at World Korean Business Convention in Atlanta: Cure-sing, a promising regional enterprise nurtured through Gyeongbuk Province's "Local Change-up" initiative, is set to participa ...; Kim Sungmoon Reporter 2025.04.21

Dobong-gu, Seoul Forges Trade Partnership with OKTA Atlanta to Bolster International Business Opportunities: Dobong-gu, a district in Seoul, South Korea, under the leadership of Mayor Oh Eon-seok, has announced the signing of a Memorandum ...; Kim Sungmoon Reporter 2025.04.21

Chungcheongbuk-do Province Opens First Permanent Agricultural and Food Product Store in Atlanta to Target the U.S. Market: Chungcheongbuk-do Province has announced the grand opening of its first permanent sales outlet for agricultural and food products ...; Kim Sungmoon Reporter 2025.04.21

aT President Hong Steps Up Efforts to Boost K-Food Exports in the U.S. Amidst Global Market Shifts: ATLANTA, GA – Hong Moon-pyo, President of the Korea Agro-Fisheries & Food Trade Corporation (aT), is actively engaging w ...; Kim Sungmoon Reporter 2025.04.21

South Korea Ascends to Third-Largest Global Cosmetic Exporter Amidst K-Beauty's Soaring Popularity: SEOUL – The burgeoning global acclaim for K-beauty has propelled South Korea to the position of the world's third-largest ex ...; Yim Kwangsoo Correspondent 2025.04.20

Cheonan City to Foster AI-Driven Innovation Ecosystem with Salesforce Partnership: Cheonan City announced on the 17th that it had signed a Memorandum of Understanding (MOU) with Salesforce Korea, a global Customer ...; HONG MOON HWA Senior Reporter 2025.04.20

Daejeon City Operates Task Force to Respond to US Tariff Policy… All-Out Effort to Minimize Corporate Damage: Daejeon City has fully launched support measures to minimize damage to local exporting companies amidst the rapidly changing globa ...; HONG MOON HWA Senior Reporter 2025.04.20

TSMC Faces Profitability Headwinds Amid US Expansion and Geopolitical Shifts: The world's leading foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), is entering a phase of declining profitability as its ...; Eunsil Ju Reporter 2025.04.20

Woori Bank Officially Launches Affordable Mobile Service 'Woori WON Mobile': Woori Bank, a prominent South Korean financial institution, has officially entered the mobile virtual network operator (MVNO) mark ...; Kim Sungmoon Reporter 2025.04.20

Senior Chinese Official Visits Samsung Chip Plant Amidst US Trade Tensions: Amidst escalating trade friction between the United States and China, a high-ranking Chinese Communist Party official recently vis ...; Yim Kwangsoo Correspondent 2025.04.20

Incheon Launches 2025 Initiative to Propel Young Entrepreneurs into Global Markets: In a bid to foster international expansion for its burgeoning young enterprises, the Incheon Metropolitan City Government announce ...; Min Gyu Mi Reporter 2025.04.20

Seoul Metropolitan Subway Fare to Increase by 150 Won in June: The base fare for the Seoul Metropolitan Subway will increase by 150 won, from 1,400 won to 1,550 won, in June. With the resoluti ...; Hwang Sujin Reporter 2025.04.20

World OKTA President Park Jong-beom Faces Internal Opposition Over Attempted Name Change Without Board Review: It has been belatedly revealed that Park Jong-beom, the president of the World Federation of Overseas Korean Traders Associations ...; Hwang Sujin Reporter 2025.04.20

US Imposes Port Fees on Chinese Vessels, Escalating Trade Tensions and Potentially Benefiting South Korean Shipbuilders: Washington D.C. – In a move aimed at countering China's dominance in the global shipbuilding industry and bolstering its own ...; Eunsil Ju Reporter 2025.04.20

Large Cruise Ship "Noordam" Docks in Sokcho, Signaling Revival of Gangwon Cruise Tourism: Sokcho City and the Gangwon Tourism Foundation (GTF), led by CEO Choi Seong-hyun, proudly announced the arrival of the massive, Un ...; KO YONG-CHUL Reporter 2025.04.19

Cheongna Energy Conducts Technical Training for District Cooling Users Ahead of Summer Peak: Cheongna Energy (CEO Choi Tae-hee) recently held a comprehensive technical training session for approximately 80 building managers ...; KO YONG-CHUL Reporter 2025.04.19

Incheon Launches Joint Campaign with Corporate Taxi Sector for Law-Abiding Operations and Enhanced Customer Service: INCHEON, South Korea – The Incheon Metropolitan City government and the local corporate taxi industry joined forces on April ...; Hwang Sujin Reporter 2025.04.19

Dacor, Samsung's Luxury Built-in Appliance Brand, Makes Its Debut in Incheon at Samsung Store Lotte Incheon: SEOUL, South Korea – Dacor, the esteemed luxury built-in home appliance brand under Samsung Electronics, has announced its i ...; Min Gyu Mi Reporter 2025.04.19

Incheon Businesses Showcase Products at the World Korean Business Convention in Atlanta: Incheon-based companies have actively participated in the prominent business exhibition, a key program of the World Korean Busines ...; Kim Sungmoon Reporter 2025.04.19