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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Delinquency Rates Soar to Record Highs in South Korea's Large Loan Shark Industry: Seoul, South Korea – South Korea's large loan shark industry is facing a crisis as delinquency rates have surged to unpreced ...; KO YONG-CHUL Reporter 2024.12.30

South Korea's Exports to the Philippines Expected to Soar Following FTA Implementation: Manila, Philippines – The implementation of the South Korea-Philippines Free Trade Agreement (FTA) on December 31 is poised ...; Ana Fernanda Reporter 2024.12.30

K-Content in High Demand as Southeast Asian OTT Market Booms: Seoul, South Korea – The global streaming landscape is undergoing a significant transformation, with South Korean content, o ...; KO YONG-CHUL Reporter 2024.12.29

Shinsegae Unveils Comprehensive Value Enhancement Plan: Shinsegae, a leading South Korean retail conglomerate, has announced a comprehensive value enhancement program aimed at boosting i ...; Desk 2024.12.29

Jincheon County Achieves Record-Breaking Investment Attraction for Ninth Consecutive Year: Jincheon, South Korea – Jincheon County has once again set a new benchmark in investment attraction, surpassing its annual g ...; HONG MOON HWA Senior Reporter 2024.12.29

Louis Vuitton and Takashi Murakami Reunite for a Vibrant 20th Anniversary Collection: Paris, France – Luxury fashion house Louis Vuitton has unveiled a highly anticipated collaborative collection with renowned ...; Eugenio Rodolfo Sanabria Reporter 2024.12.29

Korean Retailers Offer Deep Discounts for Year-End Shopping Spree: Seoul, South Korea – As 2024 draws to a close, major retailers in South Korea are rolling out a plethora of year-end sales a ...; KO YONG-CHUL Reporter 2024.12.28

Egypt Tightens Car Import Regulations Amid Economic Headwinds: Cairo, Egypt – The Egyptian government has recently introduced new regulations for car imports, aiming to stabilize the dome ...; Global Economic Times Reporter 2024.12.28

Beloved Characters Popeye and Tintin Enter the Public Domain: A new era is dawning for fans of classic cartoons and literature. Beloved characters Popeye and Tintin, along with iconic works su ...; ONLINE TEAM 2024.12.28

Soaring Exchange Rate Sends Shockwaves Through South Korea's Industries: Seoul, South Korea – The won-dollar exchange rate has surged to unprecedented levels following the December 3rd emergency de ...; Desk 2024.12.28

Hungary Caps Guest Worker Permits to 35,000 in 2025: Budapest – Minister for National Economy Márton Nagy has decided to cap the maximum number of guest worker residence ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Buy Now, Pay Later: A Risky Holiday Trend: San Juan, Puerto Rico – Buy Now, Pay Later (BNPL) services have become increasingly popular among online shoppers, especiall ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Oil Prices Edge Lower on Friday, but Set for Weekly Gain: RIYADH – Oil prices were little changed on Friday but were poised for a weekly gain amid optimism that economic stimulus eff ...; Graciela Maria Reporter 2024.12.27

Korean Consumers Get More Protection in New Consumer Dispute Resolution Standards: Seoul, South Korea – The Fair Trade Commission (FTC) announced today that it has finalized revisions to the Consumer Dispute ...; Hwang Sujin Reporter 2024.12.27

South Korea and the Philippines to Deepen Economic Ties with New FTA: Seoul, South Korea – South Korea and the Philippines are set to bolster their economic relationship as the Korea-Philippines ...; Hwang Sujin Reporter 2024.12.26

Small Businesses Crumble Under Economic Pressure: Seoul, South Korea – South Korea's small and medium-sized enterprises (SMEs) are facing an unprecedented crisis as the prolo ...; Hwang Sujin Reporter 2024.12.26

Norges Bank Holds Rates Steady, Signals Easing Soon: Oslo - Norges Bank Governor Ida Wolden Bache announced on Thursday that the key interest rate will remain at 4.5%, marking a conti ...; Ana Fernanda Reporter 2024.12.25

Uber Acquires Remaining Stake in UT, Strengthening Its Position in South Korea: Seoul, South Korea – Uber, the global ride-sharing giant, announced on [Date] that it will acquire the remaining stake in UT ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Franchise Industry Surpasses 300,000 Outlets in South Korea: Seoul, South Korea – The number of franchise outlets in South Korea exceeded 300,000 for the first time last year, according ...; ONLINE TEAM 2024.12.25

Online Shopping Scams Surge During Pandemic, Shift in Tactics and Targets: Seoul, South Korea – The COVID-19 pandemic has led to a significant shift in the tactics and targets of online shopping scam ...; Desk 2024.12.25