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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Paraguay Seeks New Bond Issuance in Dollars and Guarani, Capitalizing on Credit Rating Upgrade: New York, London – The Paraguayan government has embarked on a series of investor meetings in New York and London to explore ...; Pedro Espinola Special Correspondent 2025.02.22

McDonald's Taiwan Reportedly Using Paraguayan Beef for Burgers: Taipei, Taiwan – In a surprising announcement, Carlos Fleitas, the Paraguayan Ambassador to Taiwan, revealed that McDonald's ...; Eugenio Rodolfo Sanabria Reporter 2025.02.22

South Korea Sees Continued Dip in Fuel Prices, But a Reversal May Be on the Horizon: SEOUL – For the second consecutive week, South Korea has enjoyed a decline in domestic fuel prices, with both gasoline and d ...; Desk 2025.02.22

Korean Fashion Brands Embrace Spring 2025: A Season of Style and Innovation: As winter's chill subsides and the promise of spring fills the air, Korean fashion brands are unveiling their highly anticipated S ...; Hwang Sujin Reporter 2025.02.22

Jin Air Launches 'Double Discount Promotion' for Spring Travelers: Jin Air, a leading low-cost carrier in South Korea, has announced a special promotion for customers planning spring trips with fam ...; Desk 2025.02.22

Xi Jinping's 'Economic Remodeling' Success: China's Leap from Real Estate to High-Tech: The world is watching US President Donald Trump's every move. This is because it is shaking the existing trade order and security ...; Desk 2025.02.21

"Korea emerges as a global hub for health functional food production, following the footsteps of K-beauty": In Daepung-ri, Daeso-myeon, Eumseong-gun, North Chungcheong Province, the Kolmar BNH factory stands amidst vast fields, producing ...; Hwang Sujin Reporter 2025.02.21

"Black Semiconductor" Seaweed Production Exceeds 1 Trillion Won: SEOUL – The production value of seaweed, often referred to as the "black semiconductor" due to its economic importance, has ...; Hwang Sujin Reporter 2025.02.21

Daejeon City to Provide 35.1 Billion Won in Emergency Support for Small Business Owners: Daejeon City will provide 35.1 billion won in emergency business stabilization support funds to small business owners to revitaliz ...; HONG MOON HWA Senior Reporter 2025.02.21

E-Mart Announces 'March Go-Eat Festa' with Record-Breaking Discounts on Black Pork, Melons, and Abalone: E-Mart has unveiled its "March Go-Eat Festa Spring Magic Sale," promising unprecedented deals on a variety of popular items. The s ...; Desk 2025.02.21

14 Korean Restaurants, Including Chef Kim Do-yoon's "Myeon Seoul," Listed in Michelin Guide's "Bib Gourmand": The Michelin Guide announced on the 20th that it has released the list of "Bib Gourmand" restaurants in Seoul and Busan ahead of t ...; Hwang Sujin Reporter 2025.02.21

Amazon Overtakes Walmart in Quarterly Revenue for the First Time: In a historic shift in the retail landscape, Amazon has surpassed Walmart in quarterly revenue for the first time ever in the U.S. ...; Hannah Yeh Reporter 2025.02.21

iPhone 16e Unveiled: Apple's New Entry-Level Model with AI Capabilities: SEOUL – Apple has announced the release of its new entry-level smartphone, the iPhone 16e, formerly known as the iPhone SE 4 ...; Hwang Sujin Reporter 2025.02.21

Hyundai Motor Group and GM Sign 'Supply Chain Alliance' to Share Global Plants: Hyundai Motor Group and General Motors (GM) are forming a 'supply chain alliance' to share global production facilities. This will ...; KO YONG-CHUL Reporter 2025.02.21

BAT CEO Could Become One of UK's Highest-Paid Bosses Amidst Industry Challenges: British American Tobacco (BAT), the tobacco giant behind numerous well-known cigarette brands, is facing scrutiny over its propose ...; Graciela Maria Reporter 2025.02.21

Glencore Considers Leaving London Stock Exchange in Major Blow to UK Market: The London Stock Exchange (LSE) faces a potentially devastating loss as mining giant Glencore reveals it is exploring the possibil ...; KO YONG-CHUL Reporter 2025.02.21

Panamanian Industrialists Warn of Insufficient Growth, Call for Action: Panama City, Panama - The Panamanian Industrialists' Union (SIP) has issued a warning about the projected 3.6% economic growth for ...; Graciela Maria Reporter 2025.02.21

Gold Prices Continue to Climb in Nepal: KATHMANDU – Gold prices in Nepal have been on a steady upward trend since Tuesday, with another increase recorded today (Thu ...; Graciela Maria Reporter 2025.02.21

Nepali Stock Market Sees Modest Gains Amidst Lower Trading Volume: KATHMANDU – The Nepali stock market (NEPSE) experienced a slight uptick on Thursday, rising 3.14 points to close at 2,743.74 ...; Ana Fernanda Reporter 2025.02.21

Vietnam Strives to Attract Private Investment in Energy Sector: HANOI – Vietnam is actively seeking to attract greater private sector participation in its energy market, recognizing the cr ...; Ana Fernanda Reporter 2025.02.21