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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Soaring Exchange Rates Squeeze Imported Car Market in South Korea: Seoul, South Korea – The soaring won-dollar exchange rate has cast a long shadow over South Korea's imported car market, for ...; Global Economic Times Reporter 2025.01.16

Bitcoin Breaks $100,000 Barrier Amidst Bullish Sentiment: Bitcoin, the world's largest cryptocurrency, has once again shattered its all-time high, surging past the $100,000 mark. As of [ti ...; Global Economic Times Reporter 2025.01.16

BasicX Laptops Make Waves in South Korea's Budget-Friendly Market: Seoul, South Korea – A South Korean tech startup, BasicX, is making waves in the domestic laptop market with its affordable ...; Global Economic Times Reporter 2025.01.16

Naver Webtoon Invests in Japanese Studio to Boost Global Reach: Seoul, South Korea – Naver Webtoon, a leading digital comics platform, announced today a significant investment in a Japanes ...; Hwang Sujin Reporter 2025.01.16

Amorepacific's MIMO by MAMONDE Achieves 1 Million Sales in Daiso: Seoul, South Korea – Amorepacific’s skincare brand, MIMO by MAMONDE, has reported a remarkable achievement, surpassing ...; Hwang Sujin Reporter 2025.01.16

Sebang Becomes First Logistics Company in South Korea to Achieve Highest AEO Rating: Seoul, South Korea – Sebang, a leading global comprehensive logistics company, has announced that it has become the first lo ...; Desk 2025.01.16

Global Pharma and Biotech M&A to Rebound in 2025, Driven by China and AI: Seoul, South Korea – The global pharmaceutical and biotechnology mergers and acquisitions (M&A) market, which experience ...; Global Economic Times Reporter 2025.01.16

South Korea's Seafood Exports Surpass $3 Billion, Led by Kimchi: Seoul, South Korea – South Korea's seafood exports reached a new high in 2023, surpassing $3 billion for the first time. Kim ...; Global Economic Times Reporter 2025.01.16

South Korea to Boost R&D Funding for SMEs, Focusing on Strategic Technologies: Seoul, South Korea – The South Korean Ministry of SMEs and Startups announced today the launch of its 2025 Small and Medium ...; Global Economic Times Reporter 2025.01.16

Hyundai Motor Securities Unveils Value-Up Plan and Enhanced Shareholder Returns: Seoul, Korea – May 16, 2024 Hyundai Motor Securities announced today a value-up plan aimed at enhancing corporate value. The ...; Desk 2025.01.16

Kigongo-Busisi Bridge Project Creates Thousands of Jobs in Tanzania: Mwanza, Tanzania - The construction of the Kigongo-Busisi bridge in Tanzania has not only created a significant number of jobs but ...; Graciela Maria Reporter 2025.01.15

K-Food Sets New Records with Global Popularity: Seoul, South Korea – The global surge in K-pop and K-dramas has fueled an unprecedented demand for Korean cuisine, propellin ...; KO YONG-CHUL Reporter 2025.01.15

IBK Industrial Bank Surpasses Major Financial Groups in Market Cap: Seoul, South Korea – IBK Industrial Bank has made significant strides in the South Korean financial market, surpassing the m ...; Desk 2025.01.15

South Korea's ETF Market Soars, But Innovation Lags: Seoul, South Korea – South Korea's exchange-traded fund (ETF) market has experienced explosive growth, with its total assets ...; Global Economic Times Reporter 2025.01.15

Coupang Dominates South Korea's E-commerce Market: Seoul, South Korea – Coupang, South Korea's largest e-commerce company, has solidified its dominance in the market, widening ...; Desk 2025.01.15

South Korea's New Procurement System Experiences Initial Hiccups But on Track for Full Launch: Seoul, South Korea – South Korea's newly launched government procurement system, "Nara Jangter," encountered several technic ...; Hwang Sujin Reporter 2025.01.14

KT&G Expands Footprint in Eurasia with Uzbekistan Subsidiary: Seoul, South Korea – KT&G, a leading South Korean tobacco company, announced today that it has established a subsidiary ...; ONLINE TEAM 2025.01.14

Samsung Biologics Secures Record-Breaking $2 Billion Contract: Seoul, South Korea – Samsung Biologics, a leading contract development and manufacturing organization (CDMO), announced toda ...; Global Economic Times Reporter 2025.01.14

40% of Mid-sized Korean Companies Fail to Set New Hiring Plans for This Year: According to a survey conducted by the Federation of Korean Mid-sized Enterprises from November 18 to December 2 last year, target ...; Global Economic Times Reporter 2025.01.14

Hyundai and Kia Set New Record for EV Exports: Seoul, South Korea] – Hyundai Motor Company and Kia Corporation, South Korea’s leading automakers, have announced a re ...; Global Economic Times Reporter 2025.01.14