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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Cheonan Cultural Foundation Establishes Public Profile on Danggeun Market to Enhance Community Engagement: Cheonan, South Korea – The Cheonan Cultural Foundation, led by CEO Ahn Dong-soon, announced on the 7th the launch of its off ...; HONG MOON HWA Senior Reporter 2025.04.11

Philippine Insurance Commission Urges Expansion of Gender-Specific Insurance and HMO Products: Highlights Need for Enhanced Coverage of Maternal and Reproductive Health, Gender-Specific Illnesses: MANILA, PHILIPPINES – The Philippine Insurance Commission (IC) has called for greater public attention to gender-specific in ...; Ana Fernanda Reporter 2025.04.11

Peruvian Companies Seek Entry into Paraguayan Market: Asunción, Paraguay – Representatives from ten Peruvian companies, belonging to a trade mission organized by the Peruv ...; Desk 2025.04.11

Bancard Launches Electronic Invoicing Service via POS Terminals: Accelerating Digital Transformation of Paraguay's Financial Market and Expected Support for Small Businesses: Asunción, Paraguay - Bancard, Paraguay's leading financial payment network, announced on April 10th the launch of a new ser ...; Ana Fernanda Reporter 2025.04.11

California Governor Seeks Independent Trade Deals to Dodge Trump's Tariffs: Los Angeles, California - In a bold move to shield California's massive economy from the fallout of President Donald Trump's sweep ...; Sharon Yoon Correspondent 2025.04.11

Philippines Transitions from Low-Cost Call Center Hub to High-Value Talent Pool: Manila, Philippines – A corporate event awash in bubbles, complete with dazzling lights and loud music, a so-called ‘f ...; ONLINE TEAM 2025.04.10

Taiwan Defends TSMC Amid Potential $1 Billion+ Fine for Possible US Export Control Breach: Taipei, Taiwan - Economy Minister Kuo Jui-ying (郭智輝) on Wednesday defended global foundry giant Taiwan Semiconductor Manufacturing ...; Ana Fernanda Reporter 2025.04.10

Jinwon Trading Proposes Spring Table with Vietnamese 'Pink Pomelo': On Thursday, April 10th, Jinwon Trading and Lotte Mart held a photo event at Lotte Mart's Jamsil branch to introduce Vietnamese 'P ...; KO YONG-CHUL Reporter 2025.04.10

Actor Jung Tae-woo, Honorary Ambassador for the World Korean Business Convention: "Now is the Time to Leap Forward with the Hansang Economic Sphere": The Overseas Koreans Agency (Commissioner Lee Sang-deok) released a promotional video for the 23rd World Korean Business Conventio ...; KO YONG-CHUL Reporter 2025.04.10

Chilean Pisco Concludes Successful U.S. Market Tour, Poised to Lead Global Cocktail Trends: NEW YORK, NY and BOSTON, MA – The unique character and rich heritage of Chilean Pisco took center stage during a recent and ...; Sharon Yoon Correspondent 2025.04.10

WTO Warns of Up to 80% Plunge in US-China Trade Amid Escalating Tensions: Geneva - The World Trade Organization (WTO) has issued a stark warning, indicating that the escalating trade conflict between the ...; ONLINE TEAM 2025.04.10

ADEC Celebrates 30 Years of Fostering Entrepreneurship, Highlighting Social Responsibility and Sustainability: ASUNCIÓN, Paraguay – The esteemed ADEC Awards, hosted by the Christian Association of Business Leaders (ADEC), is poi ...; Yim Kwangsoo Correspondent 2025.04.09

Singapore Expected to Ease Monetary Policy Amid US-China Trade Tensions: Singapore - Faced with a darkening economic outlook stemming from the United States' imposition of tariffs on key trading partners ...; Desk 2025.04.09

McDonald's Renews Philippines Franchise Agreement Until 2045: MANILA, Philippines - Global fast-food giant McDonald's has renewed its master franchise agreement in the Philippines, extending i ...; KO YONG-CHUL Reporter 2025.04.09

Brazil's State-Run Oil Giant Petrobras Unlikely to Lower Diesel Prices Despite Energy Minister's Request: RIO DE JANEIRO, BRAZIL – Magda Chambriard, the Chief Executive Officer of Brazil's state-run oil company Petroleo Brasileiro ...; Ana Fernanda Reporter 2025.04.09

MercadoLibre Boosts Brazil Investment by 48%, Accelerates Digital Finance Push: São Paulo, Brazil - MercadoLibre, Latin America's largest e-commerce and fintech company, has announced a significant expan ...; Hwang Sujin Reporter 2025.04.09

LATAM Airlines Anticipates Flight Disruptions Due to Argentina's General Strike: BUENOS AIRES, Argentina - LATAM Airlines anticipates disruptions to its domestic and international flights due to a nationwide gen ...; Desk 2025.04.09

Claro Chile and cyan AG Forge Alliance to Bolster Cybersecurity in Latin America: SANTIAGO, Chile – In a strategic move to enhance digital security for its subscribers, Claro Chile, a prominent subsidiary o ...; Eugenio Rodolfo Sanabria Reporter 2025.04.09

Neste and DB Schenker Pioneer Renewable Diesel Trial for Road Transportation in Singapore: SINGAPORE – Neste, a leader in sustainable logistics solutions, and DB Schenker, a global logistics service provider, have j ...; Pedro Espinola Special Correspondent 2025.04.08

Lotte Chemical CEO Lee Young-jun Focuses on On-Site Management in Malaysia and Indonesia: Bucheon, South Korea – Lee Young-jun, CEO of Lotte Chemical, is accelerating on-site management by consecutively visiting ov ...; Yim Kwangsoo Correspondent 2025.04.08