Global Economic Times

2025.10.21 (Tue)
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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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Google Ends Sponsorships for Dozens of DEI Organizations, Drawing Scrutiny: SAN FRANCISCO — In a move signaling a further retreat from its Diversity, Equity, and Inclusion (DEI) commitments, Google ha ...; Eunsil Ju Reporter 2025.08.02

Finalization of the Korea-U.S. Trade Negotiations: Successful Prevention of Rice and Beef Market Opening: After intense trade negotiations with the United States, the South Korean government has successfully protected its rice and beef ...; Desk 2025.08.01

Hadong-gun to Host Jinsang Port Gizzard Shad Consumption Promotion Event…Expectations for Regional Economic Revitalization: Hadong-gun, Gyeongsangnam-do, will hold a 'Gizzard Shad Consumption Promotion Event' from August 1st to 3rd at Jinsang Port in Jin ...; KO YONG-CHUL Reporter 2025.07.31

Daejeon's 14 Universities Launch 'RISE U-Neulbom Council' to Foster and Enhance Neulbom School Instructors: Fourteen universities in the Daejeon area have officially launched the 'RISE U-Neulbom Council' to foster Neulbom School instructo ...; KO YONG-CHUL Reporter 2025.07.31

Daejeon City Recruiting Companies for 2025 Youth Job Fair to Support Matching Local Talent: The "2025 Daejeon Youth Job Fair," scheduled to be held on September 30th, is garnering anticipation as a comprehensive employment ...; HONG MOON HWA Senior Reporter 2025.07.31

Jeju City Faces Embezzlement Scandal: Over ₩600 Million from Waste Bag Sales Stolen, Revealing Systemic Management Failures: Jeju City's lax financial management system has come under scrutiny. Public outrage is growing following the discovery that a publ ...; Global Economic Times Reporter 2025.07.29

Insurance for Mipymes: A New Challenge for Ibero-America: The 16th Ibero-American Insurance Summit will be held in Asunción on September 3rd and 4th. The event is organized by the F ...; Ana Fernanda Reporter 2025.07.28

Vietnam: Strengthening Marine Conservation for Sustainable Marine Tourism: Vietnam boasts over 3,260 km of beautiful coastline from north to south, making it an attractive destination for both domestic and ...; Yim Kwangsoo Correspondent 2025.07.27

Paraguay Captivates Japan with Tereré and Ñandutí at Osaka Expo: OSAKA – In the scorching Japanese summer, the Paraguayan Pavilion has become a highly regarded oasis where culture and cooln ...; Graciela Maria Reporter 2025.07.25

South Korea to Pursue Tariff Reductions Following Japan's Precedent with Large-Scale Investment in the US... Anticipating Turbulences in Trade Environment: The South Korean government is reportedly considering creating a fund for investment in the United States as a way to lower the 25 ...; Global Economic Times Reporter 2025.07.24

U.S.-Korea 2+2 Trade Talks Abruptly Canceled Just Before Departure: Tariffs Negotiation in Jeopardy: Washington D.C. Visit by Deputy Prime Minister Koo Yun-cheol Canceled at Incheon Airport; Treasury Secretary's Urgent Schedule Cau ...; Hwang Sujin Reporter 2025.07.24

Incheon City Recruiting 1,000 for 'Incheon 9 Scenic Spots DIY Experience Group'… ₩20,000 Travel Support for Personalized Courses: Incheon City and Incheon Tourism Organization are recruiting the ‘Incheon 9 Scenic Spots DIY (Do Incheon Yourself) Experienc ...; KO YONG-CHUL Reporter 2025.07.23

Samcheok City Leads "Ethical Tourism" with Summer Vacation Season Price Stabilization Campaign: Samcheok City, in anticipation of the 2025 summer peak season, is putting all efforts into eradicating price gouging and fostering ...; KO YONG-CHUL Reporter 2025.07.22

Bucheon City Presents Certificates to "2025 Bucheon City Quality Excellent Product Selection" Companies: The Bucheon Industrial Promotion Agency (Director Shin Dong-hak) concluded the evaluation process for the "2025 Bucheon City Quali ...; KO YONG-CHUL Reporter 2025.07.20

1,914 Firefighters Pass Final Selection in 2025, Poised to Become Key Players in a New Era of Firefighting: A total of 1,914 new firefighters have been ultimately selected to lead South Korea's fire services in 2025. The National Fire Age ...; KO YONG-CHUL Reporter 2025.07.18

North Korea's Wonsan-Kalma Coastal Tourist Zone Temporarily Suspends Foreign Tourists: Analysis Points to Combined Factors of Improvement Measures and Low Demand: Wonsan, KCNA – North Korea's Wonsan-Kalma Coastal Tourist Zone in Kangwon Province, a large-scale beach resort promoted by t ...; Hwang Sujin Reporter 2025.07.18

SK Telecom's Market Share Dips Below 40% After Unprecedented Hacking Incident, Accelerating Market Landscape Shift: Seoul, July 18, 2025 – SK Telecom, a long-standing powerhouse in South Korea's mobile telecommunications market, has been hi ...; Hwang Sujin Reporter 2025.07.18

BOK: "Expansion of Delivery Platforms Intensifies Self-Employed Polarization... Urgent Countermeasures Needed": According to a report released by the Bank of Korea on July 17, 2025, the rapid growth of food delivery platforms is exacerbating ...; Hwang Sujin Reporter 2025.07.17

Bucheon City Boosts Citizen Benefits and Local Commerce with Baedal Teukgeup's 'A Meal Recharge' Overlapping Discounts: Bucheon – The Bucheon Commercial Revitalization Center is running an unprecedented 'A Meal Recharge' promotion for Bucheon c ...; Hwang Sujin Reporter 2025.07.17

Chungnam Institute for Content Industry Supports 3 Companies at Tokyo XR & Metaverse Fair, Achieving ₩1.4 Billion in Performance: Chungnam Institute for Content Industry (President Kim Gok-mi, hereinafter referred to as the Institute) announced remarkable achi ...; KO YONG-CHUL Reporter 2025.07.17

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