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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Chipotle Raises Prices to Offset Costs and Maintain Portion Sizes: DENVER, CO – Chipotle Mexican Grill is implementing a 2% price increase across its U.S. locations. The move, effective immed ...; Ana Fernanda Reporter 2024.12.07

Foreign Businesses Flee Korea Amid State of Emergency: Seoul, South Korea – Foreign businesses and individuals are canceling their business trips and events in Korea due to the im ...; ONLINE TEAM 2024.12.06

South Korean Smart Farm Tech Expands to Australia: Sydney, Australia – A South Korean smart farm technology company, Green Plus, has secured a substantial contract to construc ...; Desk 2024.12.06

LotteON's On and the Luxury Expands with Gourmet Food and Home Decor: Seoul, South Korea – LotteON, a popular online shopping platform in South Korea, is expanding its luxury vertical, "On and t ...; Global Economic Times Reporter 2024.12.06

Posco Future M Bolsters US Market Presence with Domestic Lithium Supply: Seoul, South Korea – Posco Future M, a leading South Korean battery materials company, has secured a significant supply of d ...; KO YONG-CHUL Reporter 2024.12.06

A Delicate Balance: Rubio's Challenge in Vietnam and Cuba: Marco Rubio's potential appointment as Secretary of State under a Trump 2.0 administration presents a complex challenge in navigat ...; Desk 2024.12.05

ALDI Portugal Expands in Algarve with New Store Opening: São Brás de Alportel, Portugal – ALDI Portugal, a leading discount supermarket chain, is excited to announce t ...; Global Economic Times Reporter 2024.12.05

Brazilian Investment in Portugal Soars: A 50% Increase in Three Years: Lisbon, Portugal – Brazilian investment in Portugal is poised for significant growth, with a projected 50% increase over the ...; Eugenio Rodolfo Sanabria Reporter 2024.12.05

Laos-China Railway Celebrates Third Anniversary with Significant Growth: Vientiane, Laos – The Laos-China Railway marked its third anniversary on December 3rd, 2024, with a remarkable track record ...; Ana Fernanda Reporter 2024.12.05

World OKTA and Home&Shopping Sign MOU to Support Overseas Expansion of Domestic SMEs: Tthe World Korean Business Association (World OKTA, Chairman Park Jong-beom) and Home&Shopping (CEO Moon Jae-soo) signed a Mem ...; KO YONG-CHUL Reporter 2024.12.05

Apple's $1 Billion Investment in Indonesia: A Step Towards Local Production: Jakarta, Indonesia – Industry Minister Agus Gumiwang Kartasasmita has expressed optimism that Apple will fulfill its pledge ...; Eugenio Rodolfo Sanabria Reporter 2024.12.05

Bitcoin Breaks Records as Crypto Market Soars: New York – Bitcoin, the pioneering cryptocurrency, has surged to unprecedented heights, surpassing the US$100,000 mark for t ...; ONLINE TEAM 2024.12.05

Holiday Inn Express Kathmandu Celebrates First Anniversary: Kathmandu, Nepal – Holiday Inn Express Kathmandu Naxal, Nepal’s inaugural Holiday Inn Express hotel, marked its first ...; Graciela Maria Reporter 2024.12.05

Shinhan Bank CEO Jung Sang-hyuk Confirmed for Second Term: Seoul, South Korea – Shinhan Financial Group announced on Friday that its incumbent CEO, Jung Sang-hyuk, has been nominated ...; KO YONG-CHUL Reporter 2024.12.05

Genesis Enters Motorsport with High-Performance 'Magma' Program: Dubai, UAE – Genesis, Hyundai Motor Group's luxury brand, has officially announced its entry into the world of motorsport, u ...; Eugenio Rodolfo Sanabria Reporter 2024.12.05

South Korean Conglomerates Evade Regulations Despite Holding Company Reforms: Seoul, South Korea – Despite mandated transitions to holding company structures, South Korean conglomerates continue to enga ...; ONLINE TEAM 2024.12.05

South Korea Seeks to Transform Defense Industry Ecosystem for Global Competitiveness: Seoul, South Korea – South Korea is aiming to revamp its defense industry ecosystem to enhance global competitiveness, accor ...; ONLINE TEAM 2024.12.05

Homeplus Expands Online Presence with Baemin Partnership: Seoul, South Korea – Homeplus, one of South Korea’s leading retail chains, has announced a partnership with Baemin, th ...; Hwang Sujin Reporter 2024.12.04

Lotte Outlets to Host Year-End Clearance Sale: Lotte Outlets announced today that it will be holding a year-end clearance sale, "Clearance Week," across all its outlets from [St ...; Hwang Sujin Reporter 2024.12.04

Incheon's Half-Price Delivery Service for Small Businesses Sees Significant Success: Incheon, South Korea – Incheon Metropolitan City announced on October 28th that its groundbreaking "Half-Price Delivery Serv ...; KO YONG-CHUL Reporter 2024.12.04