Global Economic Times

2025.10.21 (Tue)
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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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"DHL Express Boosts Indonesian Logistics with Strategic Bandung Relocation": BANDUNG, INDONESIA — In a significant move aimed at strengthening its logistics network in Southeast Asia’s largest ec ...; Graciela Maria Reporter 2025.08.21

Korea and Vietnam Forge Deeper Ties: A New Era of SME Collaboration: SEOUL — Amidst a landmark state visit by Vietnamese General Secretary To Lam, a powerful and forward-looking proposal was pu ...; KO YONG-CHUL Reporter 2025.08.20

K-Stationery's Global Leap: Tokyo Fair Unveils a New Chapter: TOKYO – In a powerful display of cultural and commercial diplomacy, K-stationery made a landmark showing at the 36th Interna ...; Desk 2025.08.20

Large-Scale Marts Under Fire for Deceptive Use of Government Vouchers: SEOUL—In a practice that has ignited outrage among small business owners, a growing number of large-scale food ingredient ma ...; Hwang Sujin Reporter 2025.08.20

"Busan Marine Industry Leaders Converge to Chart a Course for the 'AX' Revolution": BUSAN – In a landmark event marking a pivotal shift for the maritime sector, the Busan Marine Equipment Association (BMEA) c ...; KO YONG-CHUL Reporter 2025.08.20

Yanolja Wins Gold for 'Innovative Tech' at International Business Awards: Yanolja, a leading global travel tech company, announced on Monday that it has won the Gold Stevie® Award for "Most Innovative ...; Desk 2025.08.18

Lotteria Opens First U.S. Store in California, Bringing 'K-Burgers' to the States: SEOUL—Lotteria, a popular South Korean burger chain operated by Lotte GRS, has officially entered the United States market, ...; Eunsil Ju Reporter 2025.08.18

Nongshim's Wasabi Saewookkang Sells 1.8 Million Bags in Two Weeks, Surpassing Meoktaekkang: SEOUL — Nongshim's new snack, Wasabi Saewookkang, has become an instant hit, selling over 1.8 million bags within just two w ...; Hwang Sujin Reporter 2025.08.18

Coupang Launches Back-to-School 'Stationery and Art Festival' with Discounts Up to 80%: SEOUL – Coupang announced on Monday the launch of its "Stationery and Art Festival," a special promotion running until Augus ...; Hwang Sujin Reporter 2025.08.18

Apple Responds as Samsung's Foldable Phones Narrow the Gap in the U.S. Market: New York — Samsung is closing the market share gap with Apple in the U.S., driven by its new lineup of foldable smartphones. ...; Hannah Yeh Reporter 2025.08.18

Burger King Fined ₩300 Million by Fair Trade Commission for Forcing Franchisees to Use Specific Cleaning Products and Tomatoes: SEOUL — BKR Co., the operator of the fast-food brand Burger King, has been fined ₩300 million by the Korea Fair Trade Commis ...; Desk 2025.08.16

Jeju Island Launches Reusable Container Delivery Service to Combat Single-Use Waste: JEJU – Jeju Island is taking a significant step towards sustainability with the official launch of its reusable container de ...; Hwang Sujin Reporter 2025.08.13

Dunamu Partners with Vietnam's Military Bank to Build Crypto Exchange Infrastructure: SEOUL – In a significant move highlighting the growing economic ties between South Korea and Vietnam, Dunamu, the operator o ...; Kim Sungmoon Reporter 2025.08.13

Walmart, Nike, and more... "Tariff-driven price increases in the US are just beginning": As the US's reciprocal tariffs against the world took effect on the 7th, US consumers are now expected to face price increase bill ...; Global Economic Times Reporter 2025.08.11

LG H&H Introduces 'Adidas Vibe' Perfume Collection: SEOUL - LG Household & Health Care (LG H&H) announced on Monday the launch of the "Adidas Vibe" perfume collection, a new ...; KO YONG-CHUL Reporter 2025.08.11

Hyundai Rotem Enters North American Market with Edmonton Tram Delivery: Hyundai Rotem has officially made its debut in the North American tram market with the successful delivery of its first vehicle to ...; KO YONG-CHUL Reporter 2025.08.08

ASU 2025: Health Authorities Launch All-Out Effort for a Successful Event: ASUNCIÓN - The Pan American Games "ASU 2025" are just around the corner. On August 9, the eyes of sports fans around the wo ...; Graciela Maria Reporter 2025.08.06

PAL to Transfer Turboprop Flights from Manila NAIA to Clark, Cebu: MANILA – Philippine Airlines (PAL) will gradually transfer some of its turboprop flights from Ninoy Aquino International Air ...; Graciela Maria Reporter 2025.08.05

The Philippines' Tanduay Rises as a Powerhouse in the Global Liquor Market: Tanduay, the Philippines' flagship rum brand, has achieved remarkable growth in the global liquor market, rising to the ranks of a ...; Ana Fernanda Reporter 2025.08.05

Scotland's National Drink: The Unwavering Dominance of Irn-Bru: SCOTLAND – While Coca-Cola has long reigned supreme as a global beverage titan, there's one corner of the world where it con ...; Graciela Maria Reporter 2025.08.02

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