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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Malaysia Expresses Willingness to Boost Investment in Syria: Kuala Lumpur, Malaysia – Malaysian Prime Minister Anwar Ibrahim has signaled Malaysia's intention to strengthen bilateral re ...; Eugenio Rodolfo Sanabria Reporter 2025.04.08

Malaysia Furniture Exports to US Face 'Temporary Halt' Amidst Steep Tariffs: Kuala Lumpur, Malaysia – The Malaysian furniture industry is reeling from the United States government's imposition of a sig ...; Desk 2025.04.08

Malaysia Boosts In-House Capabilities with Tech Integration Drive: PUTRAJAYA - Malaysian Prime Minister Anwar Ibrahim has called for greater exposure of civil servants to new technologies to enhanc ...; Desk 2025.04.08

Hong Kong Finance Chief Condemns US "Reciprocal Tariffs" as Threat to Global Recovery: Hong Kong - Hong Kong will uphold its status as a free port and ensure the unimpeded flow of goods, capital, and information, Fina ...; Ana Fernanda Reporter 2025.04.08

Theborn Korea Grapples with "Baek Jong-won is Always Right" Culture and Owner Risk, Stock Plummets: SEOUL, SOUTH KOREA – The fortunes of Theborn Korea, the prominent restaurant conglomerate helmed by celebrity chef and entre ...; KO YONG-CHUL Reporter 2025.04.07

Seoul Education Authority Announces Major Recruitment Drive for Educational Support Staff: SEOUL, SOUTH KOREA – The Seoul Metropolitan Office of Education (SMOE) has unveiled its plan to hire 371 educational public ...; KO YONG-CHUL Reporter 2025.04.07

Seoul Launches ‘2025 Happiness Tour,’ Offering Heartwarming Travel Opportunities for Vulnerable Citizens: SEOUL, SOUTH KOREA – The Seoul Metropolitan Government has announced the commencement of recruitment for its ‘2025 Seo ...; Hwang Sujin Reporter 2025.04.07

Seoul Launches Initiative to Boost Tourism by Supporting Premier Local Accommodations: SEOUL, SOUTH KOREA – In a strategic move to enhance the experience for international visitors and showcase the unique charm ...; Hwang Sujin Reporter 2025.04.07

Incheon's Namdong-gu Prepares Support Measures for Businesses Facing U.S. Tariff Impact: INCHEON, SOUTH KOREA – In response to the United States' recent imposition of significant tariffs, the Namdong-gu district o ...; ONLINE TEAM 2025.04.07

Centuries of Tradition Revived: Gimpo's Bustling 5-Day Market Welcomes Back Crowds: GIMPO, SOUTH KOREA – A cherished landmark in Gyeonggi Province, the Gimpo 5-Day Market, has triumphantly returned to its vib ...; Hwang Sujin Reporter 2025.04.07

Ganghwa Island Intensifies Push for Free Economic Zone Designation in Collaboration with IFEZA: GANGHWA ISLAND, SOUTH KOREA – Ganghwa County, a region rich in history and natural beauty within the Incheon Metropolitan Ci ...; KO YONG-CHUL Reporter 2025.04.07

Anyang City Intensifies Focus on Public Health, Evaluating Sanitation Standards of Over 2,000 Barber and Beauty Establishments: ANYANG, SOUTH KOREA – In a significant move to elevate hygiene standards and service quality within the personal care sector ...; KO YONG-CHUL Reporter 2025.04.07

US Imposes Tariffs on Australian Goods, Canberra Considers Response: In a move poised to recalibrate the landscape of international commerce, the United States has announced the imposition of a 10 pe ...; ONLINE TEAM 2025.04.07

Australian Agriculture Department Refutes US Beef Ban Claims: The Australian Department of Agriculture has firmly contradicted claims made by US President Donald Trump regarding a supposed ban ...; Yim Kwangsoo Correspondent 2025.04.07

Eneos Drilling Secures Offshore Vietnam Drilling Contract for Two-Well Program: VUNG TAU, VIETNAM – April 4, 2025 – Eneos Drilling, a key subsidiary of Japan's Eneos Xplora, has been awarded a signi ...; Pedro Espinola Special Correspondent 2025.04.05

Cheonan Introduces "Kindness Bonus" for Bus Drivers, a First in the Nation: Cheonan, South Korea - Cheonan City is taking proactive steps to revolutionize its public transportation system by focusing on ser ...; KO YONG-CHUL Reporter 2025.04.05

South Chungcheong Province Eyes Northeast China Export Boom with Harbin Trade Fair Initiative: South Chungcheong Province, SOUTH KOREA – April 5, 2025 – South Chungcheong Province is strategically positioning its ...; HONG MOON HWA Senior Reporter 2025.04.05

Cheonan City Explores Electric Vehicle Component Export Markets in Thailand and India: Cheonan City announced on the 2nd that it recently held export consultations for electric vehicle component companies in Thailand ...; HONG MOON HWA Senior Reporter 2025.04.05

K-Beauty Dominates the Vietnamese Market, Surpassing $300 Million in Imports and Holding an Overwhelming First Place: In recent years, Korean cosmetics, known as 'K-Beauty,' have maintained unwavering popularity in the Asian beauty market. Armed wi ...; HONG MOON HWA Senior Reporter 2025.04.05

Paraguay Tax Authority Announces April Deadlines for IRE General Tax and Updates Tourism Shopping Regulations: Asunción, Paraguay - Paraguay's National Tax Directorate (DNIT) has announced that April 2025 is the deadline for taxpayers ...; Ana Fernanda Reporter 2025.04.04