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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Soaring Vegetable and Fruit Prices Drive Shift to Frozen Produce in South Korea: SEOUL, South Korea - South Korea is experiencing a surge in vegetable and fruit prices, driven by this winter's severe weather con ...; ONLINE TEAM 2025.02.28

Seoul Milk Cooperative Achieves 2 Consecutive Years of 2 Trillion Won Sales: High-Quality Strategy Proves Successful: Seoul Milk Cooperative has once again proven its dominance in the dairy industry by achieving annual sales of over 2 trillion won ...; KO YONG-CHUL Reporter 2025.02.28

Jobplanet Announces '2025 Jobplanet Awards': 11 Best Companies to Work For Selected: Jobplanet, a career platform, announced on the 28th that it has selected 11 of the best companies to work for through the '2025 Jo ...; Hwang Sujin Reporter 2025.02.28

Seoul's Han River Bus Makes Its Debut, Amidst High Hopes and Lingering Doubts: The much-anticipated Han River Bus, a pet project of Seoul Mayor Oh Se-hoon, has finally arrived at the Yeouido pier, marking a si ...; KO YONG-CHUL Reporter 2025.02.28

NVIDIA Surpasses Market Expectations, Alleviating Concerns Over AI Chip Demand Slowdown: NVIDIA, a leader in the artificial intelligence (AI) semiconductor market, has released outstanding financial results that exceede ...; Eugenio Rodolfo Sanabria Reporter 2025.02.28

Nvidia's Slump and Tariff War Fears Trigger Sharp Market Decline: NEW YORK – The New York Stock Exchange experienced a significant downturn on Tuesday, with the Nasdaq Composite taking a par ...; Hannah Yeh Reporter 2025.02.28

5 Major Korean Banks See Household Loans Surge by 2.3 Trillion Won in February: The household loans of the five major commercial banks in Korea have surged by over 2 trillion won again this month. It is analyze ...; Desk 2025.02.27

Iran Imposes Export Bans on Key Agricultural Products to Stabilize Domestic Market: TEHRAN – In an effort to ensure domestic market stability, Iran's Ministry of Agriculture has issued export bans on several ...; Global Economic Times Reporter 2025.02.27

Philippine Finance Chief Advocates for US Free Trade Agreement, Open to Auto Tariff Reductions: MANILA – Philippine Finance Secretary Ralph Recto is actively pursuing a free trade agreement (FTA) with the United States, ...; Pedro Espinola Special Correspondent 2025.02.27

Philippines Exits FATF Grey List, Boosting Investor Confidence, Thanks to Stronger AML/CTF Measures: MANILA – The Philippines has been removed from the Financial Action Task Force (FATF) grey list, a development hailed by the ...; Min Gyu Mi Reporter 2025.02.27

Philippines Targets Doubled Halal Trade Revenues by 2025: MANILA – The Philippines aims to significantly boost its halal trade revenues, targeting nearly PHP16 billion by 2025, accor ...; Pedro Espinola Special Correspondent 2025.02.27

Philippine Economic Growth Projected to Accelerate in 2025, Says UBS Economist: MANILA – The Philippine economy is poised for accelerated growth in 2025, driven by increased investments and robust consume ...; Pedro Espinola Special Correspondent 2025.02.27

Alfamart Boosts MSMEs with In-Store Partnerships, Plans Luzon Expansion: MANILA – Alfamart, the convenience store chain owned by the Sy family, is actively pursuing partnerships with micro, small, ...; Graciela Maria Reporter 2025.02.27

Philippine Government Remains Key Market for Honda Marine and Propmech: MANILA – The Philippine government continues to be the largest consumer for Honda Marine and its local partner, Propmech Cor ...; Graciela Maria Reporter 2025.02.27

South Jeolla Province Invests 90 Billion KRW to Strengthen Global Competitiveness of Seafood Industry: On February 25th, South Jeolla Province announced its plan to invest approximately 90 billion KRW this year to enhance the global ...; Yim Kwangsoo Correspondent 2025.02.27

Soonchunhyang University Offers Up to 100 Million KRW to Early-Stage Startups: Soonchunhyang University has launched its 2025 Early Startup Package, offering up to 100 million KRW in business funding to early- ...; HONG MOON HWA Senior Reporter 2025.02.27

Orion's Choco Pie Hits Record Sales, Becoming a Global Phenomenon: Orion's iconic Choco Pie has achieved a milestone, selling over 4 billion units in 2024, its 50th anniversary year, marking a reco ...; Desk 2025.02.27

LG Electronics Strengthens Competitiveness in the Middle East and Africa TV Market: SEOUL — LG Electronics is stepping up its efforts to strengthen its competitiveness in the Middle East and Africa (MEA) TV m ...; KO YONG-CHUL Reporter 2025.02.26

Hana Securities Raises HYBE's Target Price, Citing BTS Comeback and New Growth: SEOUL – Hana Securities has raised its target price for HYBE Corporation from 280,000 KRW to 310,000 KRW, maintaining a "buy ...; Desk 2025.02.26

Chinese Companies Accelerate Their Offensive in Korean Travel and Retail Markets: Trip.com, the largest online travel agency (OTA) in Asia based in China, has sold more airline tickets than domestic travel agenci ...; KO YONG-CHUL Reporter 2025.02.26