Global Economic Times

2025.10.25 (Sat)
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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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LG Chem Expands Aesthetic Business in Thailand: SEOUL, South Korea – LG Chem is strengthening its market position in Thailand’s aesthetic market. The company announce ...; KO YONG-CHUL Reporter 2025.01.11

Small Businesses in South Korea Face Mounting Challenges: Jeju, South Korea – A recent survey conducted by the Korea Federation of SMEs has revealed a bleak outlook for South Korea's ...; Desk 2025.01.10

South Korean Construction Firms Achieve Historic Milestone: $1 Trillion in Overseas Orders: Seoul, South Korea – South Korean construction companies have reached a significant milestone, surpassing $1 trillion in cum ...; Desk 2025.01.10

Starbucks Korea Collaborates with MU:DS to Launch Products Inspired by Joseon Dynasty Artifacts: Seoul, South Korea – January 10, 2024 – Starbucks Korea has announced a collaboration with the National Museum of Kore ...; Desk 2025.01.10

Samsung Electronics Soars Despite Earnings Shock, Fueled by Foreign Investors: Seoul, South Korea – Samsung Electronics, the world’s largest memory chipmaker, saw its shares surge over 3% on Wednes ...; Desk 2025.01.10

Hyundai Motor Securities Clears Hurdle for 200 Billion Won Capital Increase: Seoul, South Korea – Hyundai Motor Securities has successfully obtained regulatory approval for its planned 200 billion won ...; Global Economic Times Reporter 2025.01.10

Naver Pay's Overseas QR Payment Surges 7.7 Times in 2024: Seoul, South Korea – Naver Pay, South Korea's leading mobile payment service, announced today that its overseas QR payment s ...; Global Economic Times Reporter 2025.01.10

CRDB Bank Launches School Fee Loans for Tanzanian Students: Dar es Salaam - CRDB Bank has introduced "Ada Fasta" school fee loans to assist parents and guardians in meeting the educational n ...; Hee Chan Kim Reporter 2025.01.09

Bank of Tanzania Holds Key Rate Steady, Signaling Economic Confidence: Dar es Salaam - The Bank of Tanzania (BoT) has maintained its central bank rate (CBR) at 6.0 percent for the third consecutive qua ...; Hee Chan Kim Reporter 2025.01.09

Dar es Salaam Embraces CNG for BRT Phase II, Promising Economic and Environmental Gains: Dar es Salaam, Tanzania - The Dar es Salaam Rapid Transit (DART) agency has taken a significant step towards a greener and more co ...; Hee Chan Kim Reporter 2025.01.09

Former Officials Dominate Corporate Boards in South Korea: Seoul, South Korea – A recent study by the Leaders Index has revealed a significant surge in the number of former government ...; Global Economic Times Reporter 2025.01.09

South Korean Small Businesses Face Bleak Outlook Amid Economic Turmoil: Seoul, South Korea – A recent survey conducted by the Korea Federation of SMEs has revealed a dire outlook for South Korea's ...; Global Economic Times Reporter 2025.01.09

Egyptian Engineering Exports Surge 21.6% in First 10 Months of 2024: Cairo - Egyptian engineering exports have surged in the first ten months of 2024, reaching $4.392 billion, a significant 21.6% inc ...; Eugenio Rodolfo Sanabria Reporter 2025.01.08

South Korean MSPs Accelerate Global Expansion: Seoul, South Korea – South Korean Managed Service Providers (MSPs) are rapidly expanding their global footprint, driven by t ...; JEONG CHAN MYEONG Senior Reporter 2025.01.08

Revised Security Services Act to Allow Expanded Duties for Security Guards: Seoul, South Korea – A revised Security Services Act, which came into effect on July 7, will allow security guards in reside ...; Global Economic Times Reporter 2025.01.08

South Korea Seeks to Improve Working Conditions for Apartment Complex Employees: Seoul, South Korea – A new bill has been introduced in the South Korean National Assembly aimed at improving the working con ...; Hwang Sujin Reporter 2025.01.08

Seoul Launches Discounted Gift Certificates to Boost Local Economy: Seoul, South Korea – The Seoul Metropolitan Government has announced the early release of 750 billion won worth of "Seoul Lo ...; Global Economic Times Reporter 2025.01.08

E-mart Offers Relief with Discounted Holiday Gift Sets: Seoul, South Korea – In a bid to ease the burden of rising prices on consumers, E-mart has announced significant discounts o ...; Hwang Sujin Reporter 2025.01.08

Seven Eleven Partners with Professor Jeong to Launch Low-Speed Aging Ready Meals: Seoul, South Korea – Seven Eleven, a leading convenience store chain in South Korea, has announced a partnership with Profes ...; Global Economic Times Reporter 2025.01.08

Lotte and Arbitrum to Power Up Metaverse with Blockchain: Seoul, South Korea – Lotte Group, a major South Korean conglomerate, and Arbitrum, a leading Ethereum Layer 2 scaling soluti ...; Global Economic Times Reporter 2025.01.08