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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Paraguay and Brazil Express 'Equal' Interest in Itaipu Treaty Annex C Negotiations, Talks Halted Amid Cyber Espionage Allegations: Bucheon, South Korea - Paraguay's Minister of Industry and Commerce (MIC), Javier Giménez, has asserted that Paraguay and B ...; Eugenio Rodolfo Sanabria Reporter 2025.04.04

Itaú Bank Unveils 'Itaú Ticket', Bridging the Gap in Digital Payments in Paraguay: ASUNCIÓN, Paraguay - In a significant move aimed at bolstering financial inclusion and streamlining payment processes, Ita& ...; Desk 2025.04.04

Paraguay Aims to Double Beef Consumer Base with Southeast Asia Export Drive: ASUNCIÓN, Paraguay – Paraguay is aggressively pursuing the expansion of its beef exports into the burgeoning Southeas ...; Ana Fernanda Reporter 2025.04.04

Man Group and Endowus Partner to Offer Credit Products in Hong Kong and Singapore: SINGAPORE - Global investment management firm Man Group has announced a partnership with Endowus, a Singapore-based digital wealth ...; Pedro Espinola Special Correspondent 2025.04.03

Paraguay River Shipping Disruptions Impact Argentine Soy Processors: ROSARIO, Argentina - Barge traffic carrying Paraguayan soybeans to Rosario, Argentina, faced delays on Tuesday (April 1st) due to ...; KO YONG-CHUL Reporter 2025.04.03

Lotte Mart Steps into the Future of Grocery Shopping with AI-Powered 'Zeta' App: SEOUL, South Korea – Lotte Mart, a major South Korean retailer, has officially launched its dedicated online grocery shoppin ...; Desk 2025.04.03

Amazon Enters Late Bid for TikTok Amidst U.S. Scrutiny and Political Intrigue: Seoul, South Korea – In a dramatic late entry to the ongoing saga surrounding the potential acquisition of TikTok's U.S. ope ...; KO YONG-CHUL Reporter 2025.04.03

High Tariffs on Vietnam and Thailand Plants Hit Smartphone and Appliance Industries Hard: Seoul, South Korea - South Korean smartphone and home appliance giants are facing an emergency as U.S. President Donald Trump anno ...; Desk 2025.04.03

Seoul Simplifies E-Receipt Adoption, Rewards Eco-Conscious Consumers: SEOUL, South Korea – In a move aimed at fostering environmental sustainability and reducing paper waste, the Seoul Metropoli ...; Hwang Sujin Reporter 2025.04.03

Hyundai Department Store Amplifies K-Brand Presence in Japan with Expanded 'The Hyundai Global' Pop-Ups: SEOUL, South Korea (April 3, 2025) – Hyundai Department Store is significantly bolstering its efforts to introduce and solid ...; Hwang Sujin Reporter 2025.04.03

US Tariffs Send Shockwaves Through South Korean Food and Apparel Industries: Seoul, South Korea - The South Korean food and apparel sectors are bracing for potential fallout after the United States announced ...; Desk 2025.04.03

Woori Financial Celebrates 24th Anniversary with 'We Are All Woori' Event Focused on Sharing and Inclusivity: CHEONAN-SI, SOUTH KOREA – April 3, 2025 – Woori Financial Group today marked its 24th anniversary with a meaningful ce ...; KO YONG-CHUL Reporter 2025.04.03

Singapore Greenlights Poultry Imports from Vietnam, Marking Trade Milestone: HANOI & SINGAPORE – In a significant development for agricultural trade between Southeast Asian nations, the Singapore F ...; Hwang Sujin Reporter 2025.04.02

SUSHIRO Singapore Teams Up with Monster Hunter for Exclusive Themed Event: Singapore – Get ready, Hunters! SUSHIRO Singapore has announced an exciting collaboration with the globally popular Monster ...; KO YONG-CHUL Reporter 2025.04.02

Sembcorp Solidifies Role as Key Pillar in Singapore-Vietnam Economic Ties with Northern Expansion: Haiphong, Vietnam – Sembcorp, a leading energy and urban development group, continues to deepen its long-standing contributi ...; Eugenio Rodolfo Sanabria Reporter 2025.04.02

Sony Singapore Embraces Crypto Payments, Hints at Broader Web3 Integration: Singapore – April 2, 2025 – Sony Electronics Singapore has announced that customers can now purchase electronics and g ...; KO YONG-CHUL Reporter 2025.04.02

LG Electronics Powers Singapore's Mega Logistics Hub with Ultra-Efficient HVAC Solutions: SEOUL, SOUTH KOREA – LG Electronics (LG) has announced its successful deployment of advanced heating, ventilation, and air c ...; Ana Fernanda Reporter 2025.04.02

Bar Nacional: Asunción's Most Iconic Corner Revived: ASUNCIÓN, Paraguay – Bar Nacional has reopened its doors in the heart of Asunción's historic district. This ne ...; KO YONG-CHUL Reporter 2025.04.02

Elon Musk Tops Forbes' 2025 World's Richest List, Close Ties with Trump Administration Noted: WASHINGTON, USA – Innovative technology entrepreneur and a key ally of the Donald Trump administration, Elon Musk, has recla ...; Sharon Yoon Correspondent 2025.04.02

Cheonan City Fully Promotes Youth Internship Program… Supports Practical Experience in Excellent Companies: Cheonan City announced on the 1st that it will fully promote its ‘Youth Internship Program’ this year. The city conne ...; HONG MOON HWA Senior Reporter 2025.04.02