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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Naver Aims to Redefine Shopping with AI-Powered Personalization: SEOUL – Naver, South Korea's leading internet portal, is poised to revolutionize the online shopping experience with its upc ...; Hwang Sujin Reporter 2025.02.26

Wall Street Mixed as Tech Stocks Tumble, Investors Eye Nvidia Earnings: NEW YORK – U.S. stocks closed mixed on Tuesday, with the Dow Jones Industrial Average edging higher while the S&P 500 an ...; Hannah Yeh Reporter 2025.02.26

Coupang's 2024 Revenue Exceeds 40 Trillion Won for the First Time: Coupang has announced its financial results for 2024, revealing that its annual revenue has surpassed 40 trillion won for the firs ...; Hwang Sujin Reporter 2025.02.26

Three Years On: Russia's War in Ukraine and Japan's Shifting Trade Landscape: Three years have passed since Russia launched its invasion of Ukraine, triggering a wave of economic sanctions, primarily led by t ...; Graciela Maria Reporter 2025.02.25

Buffett's Berkshire Hathaway to Increase Stakes in Japanese Trading Houses: TOKYO – Shares in Japan's five major trading houses surged in early trading on Tuesday after Warren Buffett revealed his con ...; Graciela Maria Reporter 2025.02.25

Nikkei Slumps to One-Month Low Amidst Stronger Yen and Wall Street Woes: TOKYO – Japan's Nikkei share average tumbled by over 1% in early trading on Tuesday, reaching its lowest point in over a mon ...; Global Economic Times Reporter 2025.02.25

Overseas Recalled Products Increasing in Domestic Distribution: The number of cases of products recalled overseas due to safety issues being distributed and sold in Korea is increasing every yea ...; KO YONG-CHUL Reporter 2025.02.25

K-Beauty Brands Rush into India Amidst Korean Wave: With the Korean Wave sweeping across India, the country with a population of 1.4 billion, K-beauty brands are rapidly expanding th ...; Desk 2025.02.25

Korean Air to Pay Record-Breaking Performance-Based Bonuses to Employees: Korean Air, which recorded its highest-ever sales last year, will pay its employees performance-based bonuses equivalent to 500% o ...; KO YONG-CHUL Reporter 2025.02.25

Seoul Dairy Successfully Invalidates a2 Milk Company's Patent on A2 Protein: Seoul Dairy Cooperative announced on the 25th that it has successfully invalidated The a2 Milk Company's patent in South Korea rel ...; Hwang Sujin Reporter 2025.02.25

Samsung Electronics Launches New Budget Smartphones in India to Increase Global Market Share: Samsung Electronics is releasing a series of new budget smartphones in India, a market with a population of 1.4 billion. The compa ...; KO YONG-CHUL Reporter 2025.02.25

Korean Stock Market Shows Resilience Despite Weakness in New York Stock Market: The KOSPI is showing a resilient performance despite the downturn in the New York stock market. In the early trading session on th ...; ONLINE TEAM 2025.02.25

ShopPay, service de règlement des ventes pour les petites entreprises: ShopPay a annoncé le lancement de son nouveau service de règlement des ventes pour les commerçants, qui perme ...; Desk 2025.02.25

Korean Companies Eyeing Return to Russian Market Amidst Potential Peace Talks: Korean companies are cautiously considering a potential return to the Russian market as peace talks between Russia and Ukraine gai ...; KO YONG-CHUL Reporter 2025.02.25

South Korea's Public Procurement System Faces Price Manipulation Challenges: Seoul – South Korea's Public Procurement Service (PPS) is facing challenges in ensuring fair pricing on its Nara Marketplace ...; Desk 2025.02.25

Lotte Wellfood Launches 'ComfortEatsEnouF', a Nutritional & Meal Replacement Snack Brand: Lotte Wellfood has announced the launch of its new snack brand, 'ComfortEatsEnouF', which focuses on providing convenient and nutr ...; Hwang Sujin Reporter 2025.02.24

SSG.com Accelerates Grocery Delivery Expansion and Differentiation: SSG.com is aggressively expanding its grocery delivery services, enhancing its competitiveness in the increasingly crowded online ...; Desk 2025.02.24

Trump's Tariff Policies Cast Shadow Over US Financial Markets: Concerns are growing that President Trump's tariff policies are beginning to weigh on US financial markets. A growing number of co ...; Graciela Maria Reporter 2025.02.24

Korean Government to Streamline Customs Administration for Better FTA Utilization: The Korean government is pushing forward with a new customs administration strategy to boost the utilization of Free Trade Agreeme ...; KO YONG-CHUL Reporter 2025.02.24

SK Hynix to Finalize Acquisition of Intel's NAND Business in March: SK Hynix (000660) will complete its acquisition of Intel's NAND business next month, taking full control of the operations. After ...; KO YONG-CHUL Reporter 2025.02.23