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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Crypto Investment Surges in South Korea as Trump Victory Boosts Market: Seoul, South Korea – The number of cryptocurrency investors in South Korea has surpassed 15 million for the first time, acco ...; Desk 2024.12.25

Mexico's Inflation Slows for Third Consecutive Fortnight: Mexico City, Mexico – Mexico’s inflation rate continued its downward trend, decelerating for the third consecutive for ...; Ana Fernanda Reporter 2024.12.25

Mercadona to Boost Employee Salaries by 8.5% in 2025: Madrid, Spain – Mercadona, one of Spain's largest supermarket chains, has announced a significant 8.5% salary increase for i ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

El Salvador Eyes New Trade Deal with Mercosur, Opening Up Southern Markets: San Salvador, El Salvador – The Salvadoran Corporation of Exporters (Coexport) has expressed enthusiasm over the potential f ...; Ana Fernanda Reporter 2024.12.24

Kwale Governor Invites Investors, Seeks Indonesian Collaboration: Kwale, Kenya - Kwale Governor Fatuma Achani has extended an invitation to both local and international investors to consider inves ...; Graciela Maria Reporter 2024.12.23

Korean Air Expands In-Flight Wi-Fi Service: Seoul, South Korea – Korean Air has significantly expanded its in-flight Wi-Fi service, with one in four of its fleet now eq ...; Hwang Sujin Reporter 2024.12.23

Kakao Commits to Substantial Shareholder Returns: Kakao, a leading South Korean technology company, has announced a significant enhancement to its shareholder return policy. The co ...; JEONG CHAN MYEONG Senior Reporter 2024.12.22

South Korea Expedites SME Support Programs to Boost Economy: The South Korean government is racing to bolster its economy by fast-tracking the implementation of next year's budget and expandi ...; Desk 2024.12.22

Grau Avenue Merchants Given 10-Day Ultimatum to Improve Safety Measures: Lima, Peru – December 21, 2024 – The Superintendence of Labor Inspection (Sunafil) has issued a 10-day deadline for th ...; Pedro Espinola Special Correspondent 2024.12.22

Peru's Retail Sector to See 5% Increase in Holiday Sales: Lima, Peru – Peru's retail industry is poised for a strong holiday season, with projected sales of 14 billion soles, a 5% in ...; Ana Fernanda Reporter 2024.12.22

Australian Brewers Urge Government to Slash Beer Tax to Save Industry: Sydney, Australia - Leading Australian brewers are calling for a significant reduction in the country's controversial beer tax, wa ...; Graciela Maria Reporter 2024.12.21

Australian superannuation falls short for comfortable retirement: Australians are warned they may not have enough saved in their superannuation for a comfortable retirement despite mandatory emplo ...; Pedro Espinola Special Correspondent 2024.12.21

Saudi Arabia Cuts Interest Rate in Line with US Fed, Third Reduction This Year: Riyadh – Saudi Arabia's central bank, SAMA, has lowered its benchmark interest rate for the third time this year, mirroring ...; Graciela Maria Reporter 2024.12.21

Hyundai Unveils All-New Palisade with Enhanced Features and Performance: Seoul, South Korea – Hyundai Motor Company has announced the start of pre-orders for its flagship large SUV, the all-new Pal ...; Desk 2024.12.21

Samsung Secures $4.75 Billion US Chip Subsidy Amidst Political Transition: Austin, Texas – Samsung Electronics has received final approval for a $4.75 billion US government subsidy to expand its semi ...; ONLINE TEAM 2024.12.21

Seoul Maintains Top Spot in South Korea's Regional Income: Seoul, South Korea – Seoul has once again solidified its position as the wealthiest region in South Korea, according to the ...; Desk 2024.12.21

South Korea Eases Foreign Exchange Restrictions to Stabilize Market: Seoul, South Korea – The South Korean government has announced a series of measures to ease restrictions on foreign exchange ...; Desk 2024.12.21

General Government Deficit Widens in Q3 2024: Helsinki, Finland – Finland's general government deficit expanded by €1.7 billion year-on-year in the third quarter of ...; Ana Fernanda Reporter 2024.12.19

"Aurora Ping Frenzy: Parents Desperate as Toy Shortage Drives Prices Sky High": Seoul, South Korea – The holiday season has turned into a frantic hunt for parents across South Korea as the highly sought-a ...; Global Economic Times Reporter 2024.12.19

Korea Post Launches New High-Interest Savings Account with Exclusive Rewards: Seoul, South Korea – Korea Post, the nation's postal service, has introduced a new savings account, "Lucky BC Direct Savings ...; Hwang Sujin Reporter 2024.12.19