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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Uruguay and Paraguay 'Mixed Expectations' for Argentina's Easing of Currency Controls: As the Argentine government announced a significant easing of restrictions on exchanging its peso for US dollars, neighboring Urug ...; Pedro Espinola Special Correspondent 2025.04.17

The Aftermath of the Tabesa Sanctions: A Dark Shadow Over Paraguay's Finances: Analyses suggest that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Paraguaya ...; Ana Fernanda Reporter 2025.04.17

Newsom, California Governor, Draws 'Sword' Against Trump's Tariff Policy... A Prelude to the 2028 Presidential Election?: Gavin Newsom, the California governor considered a potential next-generation presidential candidate for the U.S. Democratic Party, ...; KO YONG-CHUL Reporter 2025.04.17

Los Angeles, Delivery Robots Become Part of Daily Life… Emerging as a Leader in Urban Logistics Innovation: In Los Angeles (LA), a major city in the western United States, delivery robots are deeply permeating the daily lives of citizens, ...; Eunsil Ju Reporter 2025.04.17

Nongshim Partners with Dessert Powerhouse 'Knotted' to Target the US Market… Launches 'Banana Kick Cream Donut': South Korea's leading snack brand Nongshim is set to target the US market through an unusual collaboration with the popular domest ...; Eunsil Ju Reporter 2025.04.17

Daejeon Inaugurates Korea SMC's Second Plant, Bolstering its Stature as a Business-Friendly Metropolis: Daejeon, South Korea – The city of Daejeon has further solidified its reputation as an attractive hub for business and inves ...; HONG MOON HWA Senior Reporter 2025.04.17

Chungnam Economic Promotion Agency Launches 'Chungnam Semiconductor Plus Job Project' to Boost Industry and Employment: The Chungnam Economic Promotion Agency (CEPA) has announced the full-scale implementation of the '2025 Chungnam Semiconductor Plus ...; KO YONG-CHUL Reporter 2025.04.17

Kim Jung-min: Pioneering Korean Entrepreneur Forges Unity Among Vietnamese Korean Business Community and Expands Global Reach: In the bustling economic landscape of Vietnam, a dynamic force has emerged in the form of the Asia Korean Businessmen's Federation ...; KO YONG-CHUL Reporter 2025.04.17

K-Beauty Wave Fuels Economic and Cultural Bridges Between South Korea and Central Europe: In a strategic move to deepen economic ties and foster cultural exchange, the Korea Trade-Investment Promotion Agency (KOTRA), und ...; HONG MOON HWA Senior Reporter 2025.04.17

World-OKTA to Host '2025 KOREA BUSINESS EXPO ANDONG' with Grand Opening on April 28th: World-OKTA (World Federation of Overseas Korean Traders Associations), the largest Korean diaspora economic organization represent ...; KO YONG-CHUL Reporter 2025.04.17

Daejeon Aims to Cultivate Star Companies by Turning Technology into Market Success Through Demonstration Support: Daejeon Metropolitan City is actively propelling its 2025 Customized Demonstration Testbed Support Project forward. As a key step, ...; KO YONG-CHUL Reporter 2025.04.17

Cheonan City Intensifies Scrutiny of Food Establishments in Anticipation of Major Cultural and Sporting Events: In a proactive measure to ensure public health and safety, Cheonan City has initiated an extensive inspection of its food service ...; HONG MOON HWA Senior Reporter 2025.04.16

Job Openings at Daejeon Metropolitan City Public Institutions! Hiring a Total of 110 People: Daejeon Metropolitan City has officially announced its integrated recruitment drive for the first half of 2025, seeking to onboard ...; HONG MOON HWA Senior Reporter 2025.04.16

Cheonan Pioneers Senior Pedestrian Delivery Program, Blending Employment and Well-being for Elderly Citizens: In a proactive stride towards addressing the challenges of an aging society, Cheonan City has forged a tripartite partnership with ...; HONG MOON HWA Senior Reporter 2025.04.16

Daejeon Metropolitan City to Subsidize Purchase of 299 Electric Motorcycles in 2025: Daejeon Metropolitan City announced its "2025 Electric Motorcycle Promotion Project" aimed at reducing urban air pollution and cre ...; KO YONG-CHUL Reporter 2025.04.16

Daejeon Secures Significant Budget Savings Through Strategic Reduction of Taxi Card Transaction Fees: Daejeon Metropolitan City has demonstrated its commitment to prudent fiscal management by successfully negotiating a reduction in ...; HONG MOON HWA Senior Reporter 2025.04.16

Chungnam Province to Select This Year's Best Traditional Liquors: Chungcheongnam-do (South Chungcheong Province) and the Chungnam Economic Promotion Agency announced on June 9th that they will hol ...; HONG MOON HWA Senior Reporter 2025.04.16

Chungnam Center for Creative Economy & Innovation Opens Applications for 2025 Batch 5 Acceleration Program: The Chungnam Center for Creative Economy & Innovation (hereinafter referred to as Chungnam CCEI) has announced the recruitment ...; HONG MOON HWA Senior Reporter 2025.04.16

Nongshim's Retro Reboot: Classic Ramen Strikes Gold with 10 Million Packs Sold in Three Months: Seoul, South Korea – Nongshim Co., Ltd., a titan of the South Korean food industry, is celebrating a resounding success with ...; Kim Sungmoon Reporter 2025.04.16

Asia Korean Council Federation Finalizes Cambodia Convention for June, Marking a Return After 16 Years: The Asia Korean Council Federation (Chairman Yoon Hee, hereinafter AKCF), a pivotal organization uniting Korean associations acros ...; KO YONG-CHUL Reporter 2025.04.16