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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South Korean Insurers Cut Auto Premiums Despite Rising Costs: SEOUL, South Korea – Major South Korean insurance companies are bucking the trend of rising insurance costs by announcing pl ...; Desk 2025.01.24

South Africa's Inflation Eases, Boosting Hopes for Further Rate Cuts: Johannesburg, South Africa – South Africa’s annual inflation rate for 2024 dipped to 4.4%, marking the lowest level si ...; Hee Chan Kim Reporter 2025.01.23

Netflix Raises Prices in North America Amidst Strong Q4 Earnings: Los Angeles, CA – Netflix, the world’s leading streaming service, has announced a price hike for its subscription plan ...; Sharon Yoon Correspondent 2025.01.23

Baemin Cuts Commission Fees, Offers Relief to Small Restaurants: Seoul, South Korea – Baedalminjok, one of South Korea’s largest food delivery platforms, has announced a significant r ...; Global Economic Times Reporter 2025.01.23

Bibilab and Masmarules Join Forces for Limited Edition Beauty and Fashion Collaboration: Seoul, South Korea – Bibilab, a leading inner beauty brand, and Masmarules, a popular fashion brand among teenagers and youn ...; Hwang Sujin Reporter 2025.01.22

South Korea Tightens Regulations on Imported Children's Products: Seoul, South Korea – The South Korean government is stepping up efforts to protect consumers, particularly children, from un ...; Global Economic Times Reporter 2025.01.22

MOGE Boosts Programs to Help Women Enter and Stay in the Workforce: Seoul, South Korea – The Ministry of Gender Equality (MOGE) announced on Tuesday that it will be expanding its support for w ...; Desk 2025.01.22

Europe Faces $700 Billion Annual Investment Gap with the US: Brussels – Europe is facing a significant challenge in enhancing its global competitiveness, particularly against major play ...; Eugenio Rodolfo Sanabria Reporter 2025.01.22

Vietnamese Exporters Diversify Amid Rising Global Trade Risks: HANOI - Vietnamese exporters are proactively diversifying their markets to mitigate risks, particularly as they brace for potentia ...; Global Economic Times Reporter 2025.01.22

LS Marine Solutions Accelerates Growth with Underwater Cable Synergy: Seoul, South Korea – LS Marine Solutions, a subsidiary of LS Electric, is rapidly expanding its business by leveraging syner ...; Global Economic Times Reporter 2025.01.20

DH Autoware Secures Major Win in the SDV Market: DH Autoware, a leading automotive electronics company, announced today that it has successfully commercialized a key component for ...; KO YONG-CHUL Reporter 2025.01.20

Starbucks Korea to Raise Prices Again: Seoul, South Korea – Starbucks Korea announced on January 20 that it will increase prices for 22 of its tall-sized beverages ...; Hwang Sujin Reporter 2025.01.20

Yoon Ina: The Rising Star of LPGA Draws Lucrative Sponsorships: Despite not having yet teed off in this year's LPGA Tour, 22-year-old rookie Yoon Ina is already being hailed as a global star. Nu ...; Global Economic Times Reporter 2025.01.18

Global Tech Giants Flock to Cheonan for Smart City Development: Cheonan, South Korea – The city of Cheonan is rapidly becoming a hub for global tech innovation, as major corporations like ...; HONG MOON HWA Senior Reporter 2025.01.17

Ho Chi Minh City Metro Line 1 Faces Initial Operational Challenges: Ho Chi Minh City's first metro line, which began operations last month, has seen strong public interest but has also faced some in ...; Global Economic Times Reporter 2025.01.17

Egypt Faces Energy Crunch as LNG Exports Plummet: Cairo, Egypt - Eni, a leading energy company, is set to resume drilling operations in Egypt's Zohr gas field after a three-year hi ...; Eugenio Rodolfo Sanabria Reporter 2025.01.17

Lagoa Council Considers Purchasing Historic Winery to Prevent Development: Lagoa, Portugal – The municipal council of Lagoa is exploring the possibility of acquiring the historic headquarters of &Uac ...; Eugenio Rodolfo Sanabria Reporter 2025.01.17

BlueOvalSK Conducts Second Share Repurchase Amid US Government Loan: BlueOvalSK, the US joint venture between SK On and Ford Motor Company for battery production, has announced its second share repur ...; Global Economic Times Reporter 2025.01.16

Hyundai Expands EV Every Care Program to Boost Electric Vehicle Adoption: Seoul, South Korea – Hyundai Motor Company has announced the expansion of its comprehensive EV Every Care program, aimed at ...; KO YONG-CHUL Reporter 2025.01.16

Hanon Systems Relocates Headquarters to Align with Hankook & Company: Seoul, South Korea – Hanon Systems, the world’s second-largest automotive thermal solutions provider now under the Han ...; Global Economic Times Reporter 2025.01.16