Global Economic Times

2025.10.21 (Tue)
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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
South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping

The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificial Intelligence (AI). Leading this trend, Hyundai Department St

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience

SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way for a trend dubbed "casual luxury." This is the core findin

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Even Used Clothes Get Bought by Department Stores… Hyundai Department Store Fully Introduces Eco-Friendly Compensation Service 'Buy-Back': Hyundai Department Store is taking the lead in spreading a sustainable consumption culture by officially launching its 'Buy-Back' ...; Kim Sungmoon Reporter 2025.07.09

Gyeonggi Province Faces Deepening Shortage of 5,900 Bus Drivers, Seeks to Overcome Crisis with Ordinance to Train Transit Workers: As the shortage of transit workers for route buses in Gyeonggi Province deepens, the Gyeonggi Provincial Assembly is moving to ena ...; Hwang Sujin Reporter 2025.07.09

Bucheon City to Fully Operate '2025 Bucheon Festa Tour BIFAN Edition': Bucheon City is operating the '2025 Bucheon Festa Tour BIFAN Edition,' planned in conjunction with the 29th Bucheon International ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Produces and Distributes '2025 Youth Employment Support Guide': Daejeon City has produced and distributed the '2025 Youth Employment Support Guide' to help young people prepare for employment. T ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Becomes First in Nation to Support Small Business Card Payment Communication Fees: Daejeon City is actively stepping up to help small business owners overcome the management crisis by becoming the first in the nat ...; HONG MOON HWA Senior Reporter 2025.07.08

Air Busan's Summer Vacation Special: Up to 80% Off International Flights from Busan/Incheon: Air Busan is holding a large-scale discount promotion for 23 international routes departing from Busan and Incheon, just in time f ...; Kim Sungmoon Reporter 2025.07.08

Samsung Electronics Aims to Defend Stock Price with ₩2.8 Trillion Share Buyback and Cancellation Amidst Q2 'Earnings Shock': Samsung Electronics is facing an 'earnings shock' after recording a provisional operating profit in the ₩4 trillion range for the ...; KO YONG-CHUL Reporter 2025.07.08

South Korea Moves to Drastically Improve Nurse Working Conditions, Address Night and Shift Work Issues: SEOUL, South Korea – The South Korean government is embarking on a comprehensive initiative to fundamentally reform the work ...; Hwang Sujin Reporter 2025.07.06

SKT Announces Large-Scale Compensation Plan for USIM Hacking Incident…Penalty Fee Waivers and Half-Price Telecom Bills: SK Telecom (SKT) has announced a comprehensive customer compensation plan, fully accepting the government's recommendation to waiv ...; Hwang Sujin Reporter 2025.07.04

Volvo Cars Korea Launches Plug-in Hybrid XC60 and XC90: Opening a New Horizon for Sustainable Mobility: Volvo Cars Korea has officially launched its Plug-in Hybrid (PHEV) SUVs, the XC60 PHEV and XC90 PHEV, in the domestic market, lead ...; Hwang Sujin Reporter 2025.07.04

Singapore's Financial Fortification Strategy: Institutionalizing Market Reforms to Attract Global Capital: Amidst the unstable international landscape, driven by US-China competition, regulatory changes in Hong Kong, and adjustments to J ...; Global Economic Times Reporter 2025.07.04

Singapore Car Market: BYD's Solo Run and Toyota's Chase: Just before leaving Singapore Changi International Airport, I heard an interesting prediction from a former Nissan colleague: "BYD ...; Ana Fernanda Reporter 2025.07.04

Okayama City Delegation Visits Bucheon, Deepening Friendship and Exchange: A delegation from Okayama City, Japan, a friendly international exchange city, officially visited Bucheon City from July 2nd to 3r ...; KO YONG-CHUL Reporter 2025.07.04

Asunción Stock Exchange Records US$3.43 Billion in H1 Transactions, Up 25.3% Year-on-Year: The Bolsa de Valores de Asunción (BVA), or Asunción Stock Exchange, recorded a total transaction volume of 27.2 tril ...; Yim Kwangsoo Correspondent 2025.07.04

Fines for Non-Payment of Increased Minimum Wage: Information You Can't Miss: Asunción, Paraguay – As of July 1, 2025, Paraguay's minimum wage has been increased and is now in effect. Accordingly ...; Pedro Espinola Special Correspondent 2025.07.04

Asunción City Development Committee (Codeasu) Proposes Direct Passenger Subsidies to Solve Public Transportation Issues: ASUNCIÓN, PARAGUAY – Grappling with persistent public transportation problems, Asunción is exploring new solut ...; Yim Kwangsoo Correspondent 2025.07.04

El Salvador Opens its Market to Paraguayan Beef: Paraguayan beef is entering the Salvadoran market. The National Service of Animal Health and Quality (SENACSA) of Paraguay announc ...; Ana Fernanda Reporter 2025.07.04

Migone-Farmacenter Forge Strategic Alliance to Offer Exclusive Benefits: ASUNCION, Paraguay – Servicios Médicos Migone (SMM), a leading healthcare service provider in Paraguay, and Farmacent ...; Ana Fernanda Reporter 2025.07.04

Banks Accelerate Listings on Ho Chi Minh Stock Exchange: Recently, there's been an accelerating trend among Vietnamese banks to seek listings on the Ho Chi Minh Stock Exchange (HoSE). Thi ...; KO YONG-CHUL Reporter 2025.07.04

Shinhan Bank Successfully Concludes 'On-site Asset Management Conference' in Vietnam: Providing Customized Financial Solutions for Korean Residents and Local Businesses: Shinhan Bank successfully hosted the 'On-site Asset Management Conference in Vietnam' on June 26th and 27th in Ho Chi Minh City an ...; KO YONG-CHUL Reporter 2025.07.04

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