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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Hamyang County Hosts Agricultural Product Export Consultation with Chinese Buyers, Securing $24,000 in Export Contracts: Hamyang County hosted a "2024 Hamyang County Agricultural Product Export Consultation with Chinese Buyers" on December 3rd at Insa ...; ONLINE TEAM 2024.12.03

Chong Kun Dang Health's 'Imvita' Breaks 20 Million Bottle Sales Milestone, Wins "2024 Korea Management Award": Seoul, South Korea – Chong Kun Dang Health, a leading healthcare company, has announced that its premium vitamin brand, Imvi ...; Desk 2024.12.03

Yanolja Launches Corporate Membership Program to Expand Market: Seoul, South Korea – Yanolja, a leading travel platform, has introduced a new corporate membership program aimed at expandin ...; Global Economic Times Reporter 2024.12.03

Starbucks Tops the List of Coffee Franchises Demonstrating 'Symbiosis' in Q3: A recent study conducted by data research firm Data and Research has revealed that Starbucks is leading the pack among the top ten ...; Desk 2024.12.02

Bithumb Faces Backlash Over Misleading Crypto Giveaway: Seoul, South Korea – South Korea's leading cryptocurrency exchange, Bithumb, is under fire for its recent marketing campaign ...; Desk 2024.12.02

China's Oversupply Wreaks Havoc on South Korea's Chungcheong Region Industries: Daejeon, South Korea – The oversupply of goods from China is causing significant disruptions to key industries in South Kore ...; HONG MUN HWA Senior Reporter 2024.12.02

CJ OliveYoung Selects 20 K-Beauty Brands for Global Launchpad: Seoul, South Korea – CJ OliveYoung, a leading health and beauty retailer in South Korea, announced today the selection of 20 ...; Desk 2024.12.02

Jeju Expands Reward Program for Businesses Participating in Disposable Cup Deposit System: Jeju City, South Korea – The Jeju Special Self-Governing Province, under the leadership of Governor Oh Young-hoon, has annou ...; Hwang Sujin Reporter 2024.12.02

Apple's Global Dominance and the Rise of Chinese Competitors in the Premium Smartphone Market: A recent report by Counterpoint Research has revealed a stark shift in the global premium smartphone market. Apple has solidified ...; Hwang Sujin Reporter 2024.12.02

South Korea's Domestic Sales Index Plunges, Signaling Economic Slowdown: Seoul, South Korea – South Korea's domestic sales index, a key indicator of domestic consumption, has been on a downward tra ...; Global Economic Times Reporter 2024.12.02

Korean Air Extends Coatroom Service for Winter Travelers: Seoul, South Korea – Korean Air announced on November 26th that it will be extending its popular Coatroom service for winter ...; Desk 2024.11.30

Incheon Airport Breaks Ground on Smart Racing Park: Incheon, South Korea – Incheon International Airport Corporation announced on November 28th that it had broken ground on the ...; Hwang Sujin Reporter 2024.11.30

Mandarin Robotics Introduces Robotic Wok Cook for Consistent Chinese Cuisine: Seoul, South Korea – Mandarin Robotics, a food tech startup, has unveiled a revolutionary robotic wok cook designed to addre ...; Global Economic Times Reporter 2024.11.29

South Korea to Strengthen Regulations on Taxi-Hailing Platforms: Seoul, South Korea – The South Korean government is set to introduce a new law granting it the authority to issue improvemen ...; Hwang Sujin Reporter 2024.11.29

Buen Camino Aims to Be a FinTech Leader with Its Salary Management App, SAVLE: Seoul, South Korea – Buen Camino, a South Korean fintech startup, is aiming to become a major player in the fintech industry ...; Desk 2024.11.29

LG Uplus Revamps Organization to Accelerate AI-Driven Transformation: LG Uplus announced today a major organizational overhaul effective December 1st, aimed at accelerating its transformation into an ...; Hwang Sujin Reporter 2024.11.29

CJ CheilJedang Launches Bibigo Korean BBQ Fried Rice in North America: CJ CheilJedang, a leading South Korean food company, announced today the launch of "Bibigo Korean BBQ Fried Rice," a shelf-stable ...; Desk 2024.11.29

Olive Young Launches Year-End Sale with Up to 70% Off on Award-Winning Products: Olive Young, South Korea's leading health and beauty retailer, announced today that it will be holding its biggest sale of the yea ...; Hwang Sujin Reporter 2024.11.29

Samyangsa Becomes First to Secure Novel Food Approval for Allulose in Australia and New Zealand: Samyangsa, a leading South Korean food company, has announced that it has become the first company in the world to obtain Novel Fo ...; ONLINE TEAM 2024.11.29

Samyangsa Unveils New Commercial for Zero-Calorie Hangover Relief Drink, Sangkwaehwan Booster Zero: Samyangsa, a leading South Korean food company, announced today the release of a new commercial for its zero-calorie hangover reli ...; Global Economic Times Reporter 2024.11.29