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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Fair Trade Commission Tightens Penalties for False Advertising: Seoul, South Korea – The Fair Trade Commission (FTC) announced today that it will revise its detailed guidelines for imposin ...; Global Economic Times Reporter 2025.01.02

AI-Powered Stocks Soar in Nasdaq as AppLovin Leads the Charge: New York, NY – The Nasdaq Composite experienced a meteoric rise of 30% last year, primarily driven by the surge in artificia ...; Eugenio Rodolfo Sanabria Reporter 2025.01.02

SPC Group to Build Largest Overseas Bakery in Texas: Dallas, Texas – SPC Group, the parent company of Paris Baguette, announced today that it will construct its largest overseas ...; Global Economic Times Reporter 2025.01.02

South Korea's Big 5 Banks See Slowdown in Household Lending: Seoul, South Korea – South Korea's five largest commercial banks experienced a notable slowdown in household lending last mo ...; Global Economic Times Reporter 2025.01.02

South Korea's Growing List of Malicious Landlords: A recent tally has revealed that a staggering 1,177 individuals and corporations (including 1,128 individuals and 49 corporations) ...; Hwang Sujin Reporter 2025.01.02

Samsung SDS Crowned as South Korea's Largest Cloud Service Provider: Seoul, South Korea – Samsung SDS has been recognized as South Korea's premier cloud service provider, according to the lates ...; Global Economic Times Reporter 2025.01.02

Lotte Chairman Calls for Radical Overhaul Amidst Economic Uncertainty: Seoul, South Korea – Lotte Group Chairman Shin Dong-bin has urged a radical overhaul of the conglomerate, emphasizing the ne ...; Desk 2025.01.02

Jeju Air Faces Massive Refund Wave Following Deadly Crash: Seoul, South Korea – February 2, 2025 – Jeju Air, South Korea's largest low-cost carrier, is facing a significant fina ...; Desk 2025.01.02

Iran and Russia Deepen Ties Amid Growing Trade and Economic Cooperation: Tehran, Iran - Iran and Russia are steadily deepening their economic and political ties, with both nations emphasizing the importa ...; Graciela Maria Reporter 2025.01.01

SM Entertainment's Earnings Take a Hit as Key Subsidiary's Classification Changes: SEOUL, South Korea – SM Entertainment, one of South Korea’s leading entertainment agencies, has reported a significant ...; Hwang Sujin Reporter 2025.01.01

AI-Powered Insurtech Firm IGINET Eyes IPO, Targets Valuation of 127.6 Billion Won: Seoul, South Korea – IGINET, a pioneering AI-powered insurtech platform, is gearing up for its Initial Public Offering (IPO) ...; Global Economic Times Reporter 2025.01.01

Hancom Accelerates AI Transformation, Aims to Revolutionize Document Creation: Seoul, South Korea – Hancom, a leading South Korean software company, is rapidly evolving into an AI-centric organization. T ...; Desk 2025.01.01

Multiple Crises Plunge South Korea's Gangwon Province into Economic Turmoil: Gangwon, South Korea – A confluence of crises has sent South Korea's Gangwon Province into economic turmoil, leaving small b ...; ONLINE TEAM 2025.01.01

Ulsan's Manufacturing Soars, While Consumption Lags: Ulsan, South Korea – Ulsan’s manufacturing sector continued its upward trajectory in November, marking eight consecuti ...; Global Economic Times Reporter 2024.12.31

South Korea Expands Convenience Facilities in Port Hinterland Complexes: SEOUL, South Korea – The Ministry of Oceans and Fisheries has announced a significant overhaul of regulations governing port ...; Desk 2024.12.31

Gyeongnam Province Drives Innovation in Seafood Processing: Tongyeong, South Korea – In a bid to elevate the province's fishery industry, Gyeongnam, South Korea's second-largest seafoo ...; Desk 2024.12.31

Yangsan City Offers Financial Lifeline to Struggling Small Businesses: Yangsan, South Korea – In a bid to alleviate the financial burdens faced by small businesses amidst the prolonged economic d ...; KO YONG-CHUL Reporter 2024.12.31

Hwangsangjumin, a Korean Soy Bean Mousse Producer, Sees a 3-Fold Increase in Sales After Participating in a Government-Supported Online Sales Program: Yeoncheon, South Korea – Hwangsangjumin, a local company producing "Joseon Kong Mousse" made from domestically grown soybean ...; Global Economic Times Reporter 2024.12.31

13 New Industries to Issue Cash Receipts in South Korea Starting Next Year: Seoul, South Korea – The South Korean government has announced that 13 new industries will be mandated to issue cash receipt ...; Desk 2024.12.31

BYD Set to Shake Up South Korea's Electric Vehicle Market: Seoul, South Korea – Chinese electric vehicle giant BYD is poised to make significant waves in South Korea's competitive aut ...; Ana Fernanda Reporter 2024.12.30