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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Hyundai Motor Launches Electric Vehicle Rental Promotion for Korean Tourists in Okinawa: Hyundai Motor Company announced today the launch of its "Hyundai Mobility Passport in Okinawa" program, an electric vehicle (EV) r ...; Desk 2025.04.19

Incheon Secures Hosting Rights for the 2026 World Korean Business Convention: In a significant win for the city, Incheon has successfully secured the rights to host the 24th edition of the World Korean Busine ...; Min Gyu Mi Reporter 2025.04.19

Alarming Projections Signal Critical Nursing Shortage Threatening Pennsylvania's Healthcare System: The stark reality of Pennsylvania's impending healthcare crisis is brought into sharp focus by projections indicating a shortfall ...; Desk 2025.04.19

Daktronics Finalizes Reincorporation to Delaware Amid Leadership Changes and Financial Headwinds: Daktronics Inc. (NASDAQ:DAKT), a prominent manufacturer of electronic scoreboards and digital display systems with a market capita ...; Eunsil Ju Reporter 2025.04.19

World Korean Association and Ewha Medical Center Sign MOU for Medical Support Cooperation for Overseas Koreans: Atlanta: The World Korean Association (Chairman Ko Sang-gu) and Ewha Medical Center (President Yoo Kyung-ha) announced that they h ...; Kim Sungmoon Reporter 2025.04.19

U.S. to End Duty-Free Tomato Imports from Mexico, Igniting Trade Concerns: WASHINGTON D.C. - The White House has officially declared its intention to withdraw from a long-standing duty-free import agreemen ...; Hannah Yeh Reporter 2025.04.18

Incheon Tourism Organization and Mexico's Renowned Taekwondo Academy 'Moo Duk Kwan' Join Forces to Attract Specialized Tourists: INCHEON, South Korea – The Incheon Tourism Organization (ITO) announced today the signing of a Memorandum of Understanding ( ...; KO YONG-CHUL Reporter 2025.04.18

Home & Shopping and Very Good Tour Launch Unprecedented 5-Country Central and South America Package with Direct Flights: Home & Shopping, a prominent South Korean home shopping network, is set to revolutionize South American travel for its custome ...; KO YONG-CHUL Reporter 2025.04.18

Bolivian Delegation Explores South Korean Agricultural Technology, Paving Way for Machinery Exports: A high-level delegation from Bolivia, including Windson July Martinez, Director General of the National Institute for Agricultural ...; KO YONG-CHUL Reporter 2025.04.18

Hana Technology Showcases AI-Powered Smart Solutions and Solid-State Battery Equipment at Atlanta Battery Show: Hana Technology (KOSDAQ: 299030), a leading South Korean manufacturer specializing in secondary battery equipment, announced its p ...; Kim Sungmoon Reporter 2025.04.18

Porsche Experience Center Atlanta Celebrates a Decade of Thrills and Automotive Passion: ATLANTA, GA – Ten years ago, the Porsche Experience Center (PEC) Atlanta opened its doors, igniting a decade of immersive au ...; Desk 2025.04.18

23rd World Korean Business Convention Opens in Atlanta, Declaring "Korean Business Community Era": ATLANTA, GEORGIA (April 17, 2025) – The 23rd World Korean Business Convention (WKBC) grandly opened its four-day run at the ...; Kim Sungmoon Reporter 2025.04.18

South Korea Forgoes Appeal in Mason ISDS Case, Opting to Pay $32 Million Award: The South Korean government has decided not to pursue an appeal against the March 20, 2025 ruling by the Singapore International C ...; KO YONG-CHUL Reporter 2025.04.18

South Korea Embraces Digitalization of APEC Business Travel Card for Enhanced Mobility: Bucheon, South Korea – In a move aimed at streamlining international travel for business professionals and fostering greater ...; KO YONG-CHUL Reporter 2025.04.18

Global "Buldak" Craze Sweeps the World; Samyang Foods' Market Cap Exceeds 7 Trillion Won for the First Time: The fierce "Buldak" (fire chicken) craze is sweeping the globe. As the Korean spicy flavor brand Buldak gains explosive popularity ...; Hwang Sujin Reporter 2025.04.17

US-Japan Talks Loom Large for South Korea Amid Trade and Security Intertwined: As South Korea prepares for a crucial visit to the United States next week by its Ministers of Economy and Finance, and Trade, Ind ...; Hwang Sujin Reporter 2025.04.17

Chinese E-commerce Giants Temu and Shein Hike US Prices, Slash Ad Spending Amid Tariff Hikes: Chinese e-commerce powerhouses Temu and Shein are set to increase prices for American consumers following the imposition of hefty ...; Ana Fernanda Reporter 2025.04.17

FedEx Launches First Direct Singapore-U.S. Cargo Route, Enhancing Southeast Asia-North America Trade Links: Global transportation and logistics giant FedEx has launched its first direct cargo flight route from Singapore to the United Stat ...; Ana Fernanda Reporter 2025.04.17

Philippines Securities and Exchange Commission Strengthens Regulation of Cryptocurrency Service Providers: Expectations for Market Stabilization and Investor Protection: The Philippines Securities and Exchange Commission (SEC) has embarked on full-scale regulation of its rapidly growing digital asse ...; Kim Sungmoon Reporter 2025.04.17

Philippines Sells 440,000 Motorcycles in Three Months, Surpassing Total US Market Sales: In the United States, motorcycles strongly symbolize freedom, rebellion, and leisurely weekend rides. However, looking at Southeas ...; Kim Sungmoon Reporter 2025.04.17