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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Gulf Air to Reintroduce Direct Flights to Nairobi, Enhancing Middle East-East Africa Connectivity: MANAMA, BAHRAIN – Gulf Air, Bahrain’s national carrier, has announced the launch of direct flights to Nairobi’s ...; Ana Fernanda Reporter 2025.03.23

Azerbaijan's Alcohol Exports Surge by Nearly 11% Amid Rising Consumer Demand: Baku, Azerbaijan - Azerbaijan has witnessed a significant uptick in its alcohol export sector, with revenues climbing by nearly 11 ...; KO YONG-CHUL Reporter 2025.03.23

Argentina's Beef Industry Faces Crisis Amid Economic Challenges: A combination of factors, including a lagging dollar, export duties, historically high cattle prices, and a stagnant international ...; Eugenio Rodolfo Sanabria Reporter 2025.03.23

Argentina's Poultry Industry Poised for Growth Through Enhanced Welfare Standards: Argentina is a significant poultry producer in Latin America, with an estimated production of 2.4 million metric tons of chicken m ...; Eugenio Rodolfo Sanabria Reporter 2025.03.23

Hanwha Aerospace Shares Plunge Following $3.6 Billion Capital Increase Decision: Hanwha Aerospace's stock price plunged 15.37% (111,000 won) to 611,000 won on the morning of March 21, following the company's dec ...; Desk 2025.03.21

Vietnam-Singapore Trade Continues Strong Growth Momentum in Early 2025: According to Enterprise Singapore (ESG), trade between Vietnam and Singapore continued its strong growth momentum in early 2025, i ...; Eugenio Rodolfo Sanabria Reporter 2025.03.21

Relentless Rise in Egg Prices: Senate to Summon Sedeco: With less than a month left until Easter, egg prices in some supermarkets remain at exorbitantly high levels without apparent just ...; Eugenio Rodolfo Sanabria Reporter 2025.03.21

Daejeon City Offers 1% Low-Interest Loans to Food Hygiene Businesses: Daejeon City is utilizing 200 million won from the Food Promotion Fund to provide low-interest loans at an annual rate of 1% to al ...; KO YONG-CHUL Reporter 2025.03.21

Daejeon City, A Business-Friendly City, Secures 51.2 Billion Won in Investments: - Signs Agreements with 6 Promising Domestic Companies… Creating Over 167 Jobs -- Since the Launch of the 8th Popularly Ele ...; KO YONG-CHUL Reporter 2025.03.21

Paraguay Pioneers African Market with Historic Live Cattle Export to Morocco: Asuncion, Paraguay – Paraguay has embarked on a groundbreaking venture, initiating its inaugural live cattle export to Moroc ...; Yim Kwangsoo Correspondent 2025.03.20

Paraguay Gains Access to Israeli Lamb Market: Asunción, Paraguay – Paraguay's lamb industry is poised for growth following Israel's decision to permit the import o ...; Pedro Espinola Special Correspondent 2025.03.20

Argentina's Clothing Prices Soar, Outpacing Regional Neighbors: Buenos Aires, Argentina – A recent report by consulting firm Focus Market has revealed that Argentina's clothing prices are ...; ONLINE TEAM 2025.03.20

Paraguay's Industries Advance Towards Sustainability with EU's Al Invest Verde Support: Asunción, Paraguay – The Paraguayan Industrial Union (UIP), with backing from the European Union's Al Invest Verde pr ...; Yim Kwangsoo Correspondent 2025.03.20

Online Mileage Trading: Convenience vs. Risks: Paris, France – As anticipation builds for the 2024 Paris Olympics, travelers are exploring various avenues to secure afford ...; Pedro Espinola Special Correspondent 2025.03.20

Jeju Air Launches New Direct Route from Singapore to Seoul: New Route: Singapore (Changi Airport) to Seoul (Incheon Airport)Launch Date: July 25, 2025Frequency: Daily round-trip flightsFligh ...; Eugenio Rodolfo Sanabria Reporter 2025.03.20

Hyundai Tucson Nears 10 Million Global Sales, First SUV Milestone: Seoul, South Korea – Hyundai's Tucson compact SUV is on track to achieve a significant milestone, nearing 10 million cumulat ...; Hee Chan Kim Reporter 2025.03.20

Asiana Airlines to Launch Mileage-Exclusive Flights to US Routes: Seoul, South Korea – Asiana Airlines has announced it will launch mileage-exclusive flights to its popular US routes, provid ...; Yim Kwangsoo Correspondent 2025.03.20

KT, KEPCO, and Seoul National University Partner to Develop AI for the Power Industry: Seoul, South Korea – KT Corporation has announced a strategic partnership with Korea Electric Power Corporation (KEPCO) and ...; Desk 2025.03.20

LG Electronics Reports Q1 Operating Profit Decline Amidst Rising Costs and Competition: Seoul, South Korea – LG Electronics Inc. announced on Friday that its first-quarter operating profit for 2025 has experience ...; Hwang Sujin Reporter 2025.03.20

LG Electronics Named "Most Innovative Company in 2025" in Automotive Sector by Fast Company: Seoul, South Korea – LG Electronics has been honored as the "Most Innovative Company in 2025" within the automotive category ...; KO YONG-CHUL Reporter 2025.03.20