Global Economic Times

2025.10.21 (Tue)
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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
South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping

The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificial Intelligence (AI). Leading this trend, Hyundai Department St

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience

SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way for a trend dubbed "casual luxury." This is the core findin

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Cheonan City Pioneers Central and South American Markets… Pursues $240,000 in Contracts: Cheonan City announced on the 30th that it recently held export consultations in Panama and Guatemala, achieving $670,000 in expor ...; KO YONG-CHUL Reporter 2025.07.03

Filipino Food Giant Jollibee: Why It Covets Korean Brands: Jollibee Foods Corporation (JFC), the largest quick-service restaurant company in the Philippines, is aggressively pursuing Korean ...; Ana Fernanda Reporter 2025.07.03

Warantec Implants Launch Show in Vietnam and Sri Lanka Concludes Successfully, Accelerating Southeast Asian Market Penetration: WaranteC's "WaranteC Implant Launch Show," held on June 11th and 12th in Ho Chi Minh City and Hanoi, Vietnam, successfully conclud ...; Hwang Sujin Reporter 2025.07.03

MERCOSUR Certificate of Origin: Expected to Streamline and Enhance Export Procedures: The Paraguayan Ministry of Industry and Commerce (MIC) announced that starting July 18, it will be revising the certificate of ori ...; Yim Kwangsoo Correspondent 2025.07.02

Coupang Grapples with Recurring Pricing Glitches, Sparking Consumer Uproar: Seoul, South Korea – Coupang, a prominent e-commerce giant in South Korea, is once again embroiled in controversy following ...; Hwang Sujin Reporter 2025.07.02

World Brangus Congress to Showcase Excellence of Paraguayan Brangus Breed: The World Brangus Congress is set to take place in Paraguay in May 2028. This event is expected to be a significant opportunity to ...; Desk 2025.06.30

Paraguayan Private Banks Expand Loans to SMEs, Driving Economic Revitalization: Asunción, Paraguay – The Paraguayan private banking sector is actively investing in the development of micro, small, ...; Eugenio Rodolfo Sanabria Reporter 2025.06.30

US Tariffs Create Divergent Outlooks for South Korean Manufacturers: Seoul, South Korea – The Korea Chamber of Commerce and Industry (KCCI) announced on June 29 that its Business Survey Index ( ...; Desk 2025.06.29

Goseong Youth Hostel Completed After Six-Year Development Amidst Challenges: Goseong, Gyeongsangnam-do – The Goseong Youth Hostel, a project spearheaded by Goseong-gun to bolster its tourism and sports ...; Hwang Sujin Reporter 2025.06.29

Gochang County Inaugurates Fermentation and Food Industry Promotion Center, Poised to Become Kimchi Industry Hub: Gochang County, located within the newly established Jeonbuk Special Self-Governing Province, has marked a significant milestone i ...; Kim Sungmoon Reporter 2025.06.29

Gangwon Land Accelerates Central Asian Tourism Push with Key Partnerships: Gangwon Land, South Korea's premier integrated resort known for its casino and ski facilities developed on former mining lands in ...; Hee Chan Kim Reporter 2025.06.29

Meta Intensifies AI Talent Acquisition Amidst Superintelligence Pursuit, Drawing Top Researchers from OpenAI: In a burgeoning display of its aggressive push into artificial intelligence, Meta Platforms, the parent company of Facebook and In ...; Hannah Yeh Reporter 2025.06.29

Chungnam's excellent agricultural products now available nationwide at Lotte Mart.: Chungnam Province has partnered with Lotte Mart to expand sales channels for its excellent local agricultural products. The provi ...; Hwang Sujin Reporter 2025.06.29

Aero K Airlines Launches New Cheongju-Kitakyushu Route: First Regular Service Since Cheongju International Airport Opened: Aero K Airlines (CEO Kang Byung-ho), based at Cheongju International Airport, is set to expand its Japan routes with the launch of ...; KO YONG-CHUL Reporter 2025.06.29

Compose Coffee Partners with K-giant to Lead Digital Transformation in Coffee Franchise Industry: SEOUL, South Korea – Compose Coffee, a rapidly expanding coffee franchise, announced today the successful completion of the ...; Hwang Sujin Reporter 2025.06.27

Santander Sells Seven Pennsylvania Branches to Community Bank: ROCHESTER, NY – Spanish financial giant Santander has agreed to sell seven of its branches in the Allentown area of Pennsylv ...; Yim Kwangsoo Correspondent 2025.06.27

Dongducheon City Establishes Historic Sister City Relationship with Palisades Park, NJ, Laying Foundation for Mutual Development and Cooperation: Dongducheon City (Mayor Park Hyeong-deok) has expanded its global cooperation network by officially establishing a sister city rel ...; KO YONG-CHUL Reporter 2025.06.27

LG Electronics North American Headquarters in New Jersey, Opening New Horizons for 'Private Sector Technology Diplomacy': LG Electronics' North American headquarters, located in Englewood Cliffs, New Jersey, USA, is emerging as more than just a corpora ...; Eunsil Ju Reporter 2025.06.27

Waymo, Partnering with Uber, Launches Robotaxi Service in Atlanta… Intensifying Competition in the Autonomous Driving Market: Waymo, a subsidiary of Google, has officially launched its robotaxi service in Atlanta, Georgia, in cooperation with ride-sharing ...; Eunsil Ju Reporter 2025.06.27

Chuncheon City Forges Partnership with Annapolis, USA, for Urban Diplomacy and Educational Cooperation, Bolstering Global Standing: Chuncheon City has solidified its position as a global city for educational cooperation by signing two significant international e ...; Kim Sungmoon Reporter 2025.06.27

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