Global Economic Times

2025.10.24 (Fri)
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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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Lexus to Launch LX 700h Flagship SUV in Korea: SEOUL – Lexus has announced that it will begin pre-orders for its highly anticipated LX 700h flagship SUV on February 17th, ...; Hwang Sujin Reporter 2025.02.18

Ford Unveils Two New Supercharged V8 Crate Engines: Ford has announced the release of two new supercharged V8 crate engines designed to meet the growing demand for high-performance e ...; Global Economic Times Reporter 2025.02.18

AutoInside Launches 'Home Service' for Used Car Delivery: SEOUL, South Korea – AutoHands, a leading mobility service provider, announced on February 18th the launch of its new "Home ...; KO YONG-CHUL Reporter 2025.02.18

South Korea's January Auto Exports Dip Amidst Holiday Season and Base Effect: Seoul – South Korea's automobile exports experienced a downturn in January, according to data released by the Ministry of Tr ...; KO YONG-CHUL Reporter 2025.02.18

Retirement pension default option system, assets increased by 219% YoY: According to the Financial Supervisory Service's (FSS) announcement on the retirement pension default option system for the fourth ...; Global Economic Times Reporter 2025.02.18

South Korea Unveils Sweeping Export Support Package to Counter Trade Challenges: Seoul, South Korea – The South Korean government has announced a comprehensive set of emergency measures to bolster exports ...; Hwang Sujin Reporter 2025.02.18

Coupang Eats Announces New Commission Structure for Merchants: Coupang Eats, a major food delivery platform in South Korea, has announced a new commission structure for its merchants, set to ta ...; Hwang Sujin Reporter 2025.02.18

Chinese E-commerce Giants Accelerate Expansion into Korean Market: The anticipated acceleration of Chinese e-commerce companies' expansion into the Korean market is becoming a reality. Alibaba Grou ...; KO YONG-CHUL Reporter 2025.02.18

Seocheon Moshi Rice Cake Makes Its Debut in the Middle East Market!: On the 17th, a shipping ceremony was held at Gosurok Food Farming Association Corporation in Biin-myeon, Seocheon-gun, to export f ...; HONG MOON HWA Senior Reporter 2025.02.18

Golfzon's 'City Golf' hybrid golf course attracts attention in China: Golfzon's 'City Golf', an urban hybrid golf course that combines the advantages of screen golf and field golf, has been attracting ...; Yim Kwangsoo Correspondent 2025.02.18

Nikkei Edges Up Amidst Economic Growth and Tariff Threats: TOKYO – Japan’s Nikkei share average eked out a small gain on Monday, navigating a choppy session influenced by strong ...; Desk 2025.02.17

Air Premia Achieves Record-Breaking Financial Results, Marking First Annual Net Profit: SEOUL – Air Premia, a South Korean hybrid airline, announced on February 17th that it achieved its highest-ever revenue and ...; KO YONG-CHUL Reporter 2025.02.17

Indonesia Cancels Government Integrated Data Center Project with South Korea: Seoul – In a surprising turn of events, Indonesia has decided to cancel its planned government integrated data center projec ...; Yim Kwangsoo Correspondent 2025.02.17

Nongshim to quadruple European sales by 2030: Nongshim establishes a European corporation and builds a business base to target the European market. Nongshim announced on Ma ...; KO YONG-CHUL Reporter 2025.02.17

South Korean Gas Exploration Project Falters, Stocks Plummet: SEOUL – Shares of companies associated with the "Great Whale Project," a highly touted gas exploration venture in South Kore ...; KO YONG-CHUL Reporter 2025.02.17

AI-powered genetic diagnosis system to play key role in rapid analysis: SEOUL – 3billion, a South Korean genetic analysis company, has announced a partnership with AstraZeneca Korea to accelerate ...; Global Economic Times Reporter 2025.02.17

S-Oil's $7 Billion Shahin Project on Track for Completion in 2025: Ulsan, South Korea – S-Oil, a leading South Korean oil refiner, announced that its $7 billion Shahin Project is progressing ...; ONLINE TEAM 2025.02.17

South Korean Small Businesses Hit Hard by Economic Slump and Emergency Measures: Seoul - A recent report by Korea Credit Data reveals that small business owners in South Korea, particularly those operating cafes ...; Yim Kwangsoo Correspondent 2025.02.17

South Korea's Manufacturing, Construction Jobs Plummet Amid Economic Slump: Seoul - South Korea's job market is showing signs of strain as the number of employees in key industries such as manufacturing and ...; Desk 2025.02.17

South Korea's Job Market Freezes Over, Leaving Youth in Despair: South Korea's job market is rapidly deteriorating, with young people bearing the brunt of the downturn. Recent data reveals alarmi ...; Desk 2025.02.17