Global Economic Times

2025.10.22 (Wed)
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Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification

Kostanay, Kazakhstan — Kia Corporation officially opened its second Complete Knock-Down (CKD) joint assembly plant in Kostanay, Kazakhstan, on October 21, 2025, marking a significant step in div
Gmarket Challenges E-Commerce Leaders Coupang and Naver with 700 Billion Won Investment and Alibaba Synergy

Gmarket, now a subsidiary of the joint venture (JV) between Shinsegae Group and Alibaba Group, has unveiled an ambitious plan to inject 700 billion won (approximately $492 million) into its operations

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

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Solaris Secures Major Trolleybus Deal with Vancouver's TransLink, Expanding North American Footprint: Vancouver, BC – Solaris, a leading European bus manufacturer, has secured a major contract with TransLink, the transit autho ...; Ana Fernanda Reporter 2025.03.09

Stater Bros. Lays Off 63 Amidst Inflation, Tariff Concerns, and Non-Union Competition: San Bernardino, CA – Stater Bros., a prominent Southern California grocery chain, has announced the layoff of 63 employees, ...; Sharon Yoon Correspondent 2025.03.09

Rising Hotel Prices Dampen Japan's Cherry Blossom Travel: Travelers planning trips to Japan for the highly anticipated cherry blossom season are facing unexpected financial burdens as hote ...; Hwang Sujin Reporter 2025.03.08

Peru Achieves Near Gender Parity in Civil Service, But Challenges Remain: LIMA, Peru - Peru has made significant strides in increasing female participation in its civil service, aligning with commitments ...; Pedro Espinola Special Correspondent 2025.03.08

Samson Mow Reaffirms Commitment to El Salvador Amidst Bitcoin Policy Clarifications: SAN SALVADOR – Samson Mow, the CEO of JAN3 and a prominent figure in the Bitcoin community, has clarified his stance on inve ...; Graciela Maria Reporter 2025.03.08

El Salvador Customs Forges Strategic Alliances to Streamline International Trade: San Salvador, El Salvador – The General Directorate of Customs (DGA) is making significant strides in its mission to enhance ...; Graciela Maria Reporter 2025.03.08

Ecobank Supercharges 'Ellevate' to Close Africa's Gender Finance Gap: DAR ES SALAAM – In a bold move to bridge the persistent gender financing gap that hinders the growth of women entrepreneurs ...; Hee Chan Kim Reporter 2025.03.08

Tanzania Grants Historic Mining License to Helium One Global for Southern Rukwa Project: RUKWA, TANZANIA – Helium One Global, a leading helium exploration company in Tanzania, has received a landmark offer letter ...; Hee Chan Kim Reporter 2025.03.08

Mellitah Oil & Gas Prevents Major Gas Supply Disruption After Containing Offshore Leak: Tripoli, Libya – Mellitah Oil & Gas Company has successfully contained a critical hydraulic control fluid leak at the ea ...; Ana Fernanda Reporter 2025.03.08

Brazil's Exports to Libya Surge, Driven by Robust Food Sector Growth: Brasília, Brazil – Brazilian exports to Libya have experienced a significant upswing at the start of 2025, with a 22. ...; Ana Fernanda Reporter 2025.03.08

UK Reinforces Commitment to Libya's Oil Sector Amidst New Exploration Bid: Tripoli, Libya – The United Kingdom has reiterated its steadfast support for Libya's National Oil Corporation (NOC) and its ...; Ana Fernanda Reporter 2025.03.08

Libya's Oil Landscape Fractures as Private Firm Arkenu Challenges State Control, Fueling Economic and Political Instability: Benghazi, Libya – A seismic shift is underway in Libya's oil-rich landscape, as the emergence of private firms threatens to ...; Ana Fernanda Reporter 2025.03.08

Suwon City Launches AI-Powered Trade Platform to Boost SME Exports: Suwon, South Korea – Suwon City, under the leadership of Mayor Lee Jae-jun, has announced the launch of its innovative 'Suwo ...; Desk 2025.03.07

InterBattery 2025 Concludes with Record-Breaking Attendance, Signaling a Battery Super Cycle: Seoul, South Korea – The global battery exhibition, InterBattery 2025, has successfully concluded its three-day event on Mar ...; KO YONG-CHUL Reporter 2025.03.07

Goseong County Accelerates Deep Sea Water Industry Development to Boost Local Economy: Goseong County is making significant strides in developing its deep sea water industry as a core component of its regional economi ...; Yim Kwangsoo Correspondent 2025.03.07

Romantic Taxi Service Offers Discounted Rides for Tourists in Hoengseong: Hoengseong, South Korea – The Hoengseong Culture & Tourism Foundation has launched a "Romantic Taxi" service to provide ...; Hwang Sujin Reporter 2025.03.07

Ramen Prices Surge, Cost of Living Alarms in Gangwon Province: A surge in ramen prices, now exceeding 1,000 won, coupled with a three-month consecutive rise in Gangwon Province's consumer price ...; Desk 2025.03.07

Mitsubishi UFJ Financial Group to Open New Branches After 20 Years: Tokyo, Japan - Mitsubishi UFJ Financial Group (MUFG), one of Japan's three megabanks, is set to open new branches in Tokyo and Osa ...; Eugenio Rodolfo Sanabria Reporter 2025.03.07

Woori Bank Enters Mobile Virtual Network Operator (MVNO) Market, Expanding Beyond Traditional Banking: Woori Bank is set to launch its mobile virtual network operator (MVNO) service, "Woori WON Mobile," next month, marking a signific ...; Hwang Sujin Reporter 2025.03.07

Hanjin KAL Faces Scrutiny Over Executive Pay Amidst Public Aid and Rising Consumer Complaints: Hanjin Group's holding entity, Hanjin KAL, is under intense scrutiny for its repeated escalation of executive compensation ceiling ...; Desk 2025.03.07