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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Cuba Freezes Foreign Companies' Deposits, Investment Environment Plunges to 'Worst': The Cuban authorities have triggered widespread repercussions by recently informing several foreign companies that they can no lon ...; Sharon Yoon Correspondent 2025.04.14

Paraguay's Holy Week Sees Domestic Tourism Boom, Rural Lodging Reaches Over 70% Occupancy: Holy Week in Paraguay is one of the peak seasons for domestic tourism, and this year is no exception, with rural tourist accommoda ...; Pedro Espinola Special Correspondent 2025.04.14

Banco Basa, First in Paraguay to Launch AFD's 'Procampo Verde' Sustainable Agriculture Loans: Banco Basa has solidified its commitment to the sustainable development of Paraguay's agricultural sector by achieving the distinc ...; Graciela Maria Reporter 2025.04.14

Taiwan Cracks Down on Illegal Accommodations, Collects Over NT$20 Million in Fines in Three Months: According to data released by the Taiwan Tourism Administration, a focused inspection of 3,364 illegally operating hotels and bed ...; Ana Fernanda Reporter 2025.04.14

Soaring Prices Empty Wallets at Convenience Stores: Consumers Flock to Affordable Private Brands: Seoul, South Korea – Kim (38), a resident of Seongbuk-gu, Seoul, recently experienced a moment of dismay during a routine vi ...; Desk 2025.04.14

"Big 3" Luxury Brands Achieve Record Sales in South Korea Amid Price Hikes: The so-called "Big 3" luxury brands – Hermès, Louis Vuitton, and Chanel – have collectively achieved their high ...; Hwang Sujin Reporter 2025.04.14

Hyundai and Kia Achieve Record First Quarter Sales in India's Booming Auto Market: New Delhi, India – South Korean automotive giants Hyundai Motor Company and Kia Corporation have recorded their highest-ever ...; KO YONG-CHUL Reporter 2025.04.14

Korean Restaurant Thrives Near SK Battery Plant, Sparking Economic Revival in Commerce, Georgia: Just a five-minute drive from the sprawling SK Battery America (SKBA) plant in Commerce, Jackson County, Georgia, sits a single Ko ...; Yim Kwangsoo Correspondent 2025.04.14

Korean "West Ants" Weather Market Storm: Tech Stock Holdings Shrink Amid Trade Tensions, Yet Bargain Hunting Persists: SEOUL, South Korea – Korean individual investors, dubbed "West Ants" for their penchant for investing in overseas equities, ...; KO YONG-CHUL Reporter 2025.04.14

Australian Rare Earth Miners Surge Amid China's Export Restrictions: Perth, Australia – Several small Australian mining companies specializing in rare earth elements have defied a broader globa ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Philippines-France Economic Cooperation Sees 'Green Light': FTA Negotiations and Direct: Manila, Philippines - The French Chamber of Commerce and Industry in the Philippines (CCI France Philippines) reports a surge in i ...; Yim Kwangsoo Correspondent 2025.04.14

Will the Indian Market Become a Haven from Trump's Tariff Threats?: Hyundai Motor and Kia have recorded their highest-ever quarterly sales in the first quarter of this year in India, the world's thi ...; KO YONG-CHUL Reporter 2025.04.13

Overseas Online Shopping Scams: Consumers Left Defenseless as Responsibility Lags: The allure of online shopping, especially through visually appealing advertisements on platforms like Instagram, often leads consu ...; Hwang Sujin Reporter 2025.04.13

Instagram Shoe Scam: Buyer Left in Limbo as Seller Ghosts and Card Cancellation Fails: A white-collar worker, identified only as Mr. A, fell victim to an online shopping scam after purchasing a pair of shoes priced at ...; Hwang Sujin Reporter 2025.04.13

Boise Smoke Shops Forced to Close Amid Sudden Police Crackdown, Confusion Over Legal Interpretations: BOISE, ID - High Mountain Smoke Shop, a fixture in Boise for the past five years, shuttered its doors on March 31st, just two week ...; Eunsil Ju Reporter 2025.04.12

Trump's Tariff Threat Casts Shadow Over South Dakota Wine Industry and Local Economy: Rapid City, SD - On a Saturday night in downtown Rapid City, the clink of a cork being pulled from a bottle of Nero d'Avola echoed ...; KO YONG-CHUL Reporter 2025.04.12

Cheonan City to Subsidize 50 Hydrogen Fuel Cell Vehicles: 32.5 Million KRW per Vehicle: Cheonan City announced on the 8th that it will promote the ‘2025 Hydrogen Fuel Cell Vehicle Supply Project’ to improve ...; KO YONG-CHUL Reporter 2025.04.11

Daejeon City Tour Unveils Revitalized Itineraries Focusing on Sensory and Experiential Tourism: Daejeon, South Korea – The Daejeon Metropolitan City Government is set to launch its significantly revamped "2025 Daejeon Ci ...; KO YONG-CHUL Reporter 2025.04.11

Chungnam HRD Center Successfully Concludes Specialized Job Competency Enhancement Training for E-9 Foreign Workers: The Chungnam Human Resources Development Center (HRD Center) recently announced the successful completion of its specialized job c ...; HONG MOON HWA Senior Reporter 2025.04.11

Chungnam Center for Creative Economy and Innovation Opens Call for 2025 First-Half Incubation Program at Chungnam Startup Marunabi: The Chungnam Center for Creative Economy and Innovation (Chungnam CCEI) has announced the recruitment of promising startups for it ...; HONG MOON HWA Senior Reporter 2025.04.11