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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Trump's Semiconductor Law Repeal Threat: A Strategic Move to Pressure Korean Firms: Washington D.C. - Former U.S. President Donald Trump's recent remarks singling out South Korea and advocating for the repeal of th ...; Hannah Yeh Reporter 2025.03.06

Korea Chamber of Commerce and Industry Launches Women Entrepreneurs Committee to Strengthen Female Leadership in the Korean Economy: The Korea Chamber of Commerce and Industry (KCCI) has taken a significant step towards strengthening female leadership in the Kore ...; Hwang Sujin Reporter 2025.03.06

K-Rail's Maintenance Expertise Expands Globally, Securing Landmark Deals in Morocco and Uzbekistan: SEOUL, South Korea – Korea Railroad Corporation (KORAIL) has announced a series of significant international contracts, soli ...; KO YONG-CHUL Reporter 2025.03.06

Trump Targets Korea: "Tariffs Four Times Higher, CHIPS Act Must Be Abolished": U.S. President Donald Trump singled out South Korea as a prime example of an ally that maintains high tariffs while receiving U.S. ...; Eunsil Ju Reporter 2025.03.06

Tesla's German Sales Plunge Amidst Musk's Polarizing Politics: Tesla's sales in Germany have plummeted to a quarter of last year's figures, according to data from the German Federal Motor Trans ...; Hannah Yeh Reporter 2025.03.06

Early EV Subsidy Approval Sparks Surge in South Korean Electric Vehicle Sales: The South Korean electric vehicle (EV) market is experiencing a significant boost, with domestic EV sales in the past month increa ...; Desk 2025.03.05

Korean Strawberries Make Debut in Brazil, Paving Way for Latin American Market Expansion: Korean strawberries, a leading export item for domestic farmers, have successfully opened a new export route to Brazil. This marks ...; Global Economic Times Reporter 2025.03.05

Korea's FTC Approves Samsung Electronics-Rainbow Robotics Merger, Paving Way for Humanoid Robot Development: The Korea Fair Trade Commission (FTC) has granted final approval for the merger between Samsung Electronics and Rainbow Robotics, ...; Yim Kwangsoo Correspondent 2025.03.05

MBK Partners Under Fire for Appointing Own Personnel as Auditor at Homeplus Amidst Management Failure: MBK Partners, a private equity firm, is facing criticism for appointing its own personnel as the auditor of Homeplus, further cons ...; ONLINE TEAM 2025.03.05

KOSPI Rebounds on Hopes of Easing Trade Tensions: The Korea Composite Stock Price Index (KOSPI) rebounded on May 5, breaking a three-day losing streak, and climbed into the 2540 ra ...; Desk 2025.03.05

Encell Signs 8 Billion KRW CDMO Contract with Cerebrain... Collaboration on Gene Stem Cell Therapy Production: Encell (456070), a specialized company in advanced biopharmaceutical contract development and manufacturing (CDMO) and new drug de ...; Global Economic Times Reporter 2025.03.04

Hanall Biopharma's 'Batoclimab' Designated as Orphan Drug in Japan for Autoimmune Disease Treatment: SEOUL, South Korea – Hanall Biopharma (KRX: 009420) announced today that its investigational autoimmune disease treatment, B ...; Desk 2025.03.04

LIG Nex1 Honored as 2024's Outstanding Disclosure Corporation on the KOSPI Market: Seoul, South Korea – LIG Nex1 has been recognized as one of the "2024 Outstanding Disclosure Corporations" on the Korea Comp ...; ONLINE TEAM 2025.03.03

Seoul Launches 'Dongdaemun K-Fashion Brand Development' Project to Revitalize Fashion District: Seoul, South Korea – The Seoul Metropolitan Government has announced the official launch of the 'Dongdaemun K-Fashion Brand ...; Hwang Sujin Reporter 2025.03.03

Chungcheongnam-do Launches Youth Startup and Job Creation Support Project: Chungcheongnam-do announced on the 3rd that it will recruit young people aged 19 to 39 to support the 'Youth Startup and Job Creat ...; HONG MOON HWA Senior Reporter 2025.03.03

Hyundai and Kia Achieve Record-Breaking February Sales in the U.S.: "Hyundai and Kia achieved a new record for February sales in the U.S., selling 130,000 units last month. This marks the fifth cons ...; Sharon Yoon Correspondent 2025.03.03

Starbucks Korea Launches "Love Daze" Promotion Featuring Viral Stanley Pink Tumbler: SEOUL, South Korea – Starbucks Korea is set to ignite excitement this Valentine's season with its "Love Daze" online promoti ...; Eunsil Ju Reporter 2025.03.03

Navigating the Turbulent Waters of 2025: Geopolitical Shifts and Corporate Strategies: The year 2025 is poised to be a watershed moment in global geopolitics, marked by the rising tide of populism and its profound imp ...; Yim Kwangsoo Correspondent 2025.03.02

MWC 2025: Korean Telecom Giants Battle for AI Supremacy in Barcelona: Next month, the Mobile World Congress (MWC) 2025 in Barcelona will witness a fierce competition among South Korea's top three tele ...; Global Economic Times Reporter 2025.03.02

LG Electronics Sells Houses: A Shift Towards Total Space Solutions: LG Electronics, traditionally known for its home appliances like TVs, refrigerators, and washing machines, is now venturing into s ...; Desk 2025.03.02