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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HD Hyundai Accelerates Owner-Led Management with Jeong Ki-sun's Promotion: Seoul, South Korea - HD Hyundai has strengthened its owner-led management structure with the promotion of Jeong Ki-sun to Executiv ...; Hwang Sujin Reporter 2024.11.16

Samsung Electronics and Union Reach Tentative Labor Agreement Amidst Industry Rivalries: Seoul, South Korea - Samsung Electronics and the National Samsung Electronics Union (NSEU) have reached a tentative agreement on a ...; Hwang Sujin Reporter 2024.11.16

South Korea's Banking Sector Faces Growing Strain Amidst Rising Non-Performing Loans: Seoul, South Korea – South Korea's four largest financial groups have seen a significant surge in non-performing loans (NPLs ...; Desk 2024.11.16

Salmonella and E. coli Outbreaks Prompt Surge in Food Recalls: A recent spike in Salmonella and E. coli outbreaks across the United States has led to a surge in food recalls, with heightened co ...; Global Economic Times Reporter 2024.11.12

Starbucks Korea Introduces Digital Planner for the First Time in 22 Years: Seoul, South Korea – Starbucks Korea has announced the launch of a digital planner, marking a significant departure from its ...; Desk 2024.11.11

Daewoo Engineering & Construction Secures Major Fertilizer Plant Project in Turkmenistan: Seoul, South Korea - Daewoo Engineering & Construction (Daewoo E&C) announced today that its Chairman, Jung Won-ju, visite ...; Global Economic Times Reporter 2024.11.11

US economy growing despite voter angst: The US economy grew solidly in the three months to September, expanding at an annual rate of 2.8%. Despite there being a slight s ...; Global Economic Times Reporter 2024.11.09

Hyundai Engineering & Construction Secures Massive Bulgarian Nuclear Power Plant Project: Hyundai Engineering & Construction (Hyundai E&C) has won a bid to construct a new nuclear power plant in Bulgaria, marking ...; ONLINE TEAM 2024.11.06

Nexon to Expand Global Market with Strengthened IP Franchises: Nexon, celebrating its 30th anniversary this year, has announced plans to expand its global market presence by strengthening its i ...; Desk 2024.11.02

Microsoft Reports Strong Q3 Earnings, Fueled by AI Growth: Microsoft has reported better-than-expected third-quarter earnings, driven by strong growth in its cloud computing business. The c ...; Pedro Espinola Special Correspondent 2024.11.02

Sungsimdang makes ‘Daejeon bread’ with wheat grown directly… Planning a wheat field festival: Daejeon's famous Sungsimdang has launched a new business linking local agriculture and tourism. On the 1st, Sungsimdang signed a & ...; Hwang Sujin Reporter 2024.11.02

Korea & Company completes acquisition of Hanon Systems... Hyeonbeom Cho, 10-year plan comes to fruition: Korea & Company Group successfully completed the acquisition of Hanon Systems, expanding its influence in the global auto part ...; Global Economic Times Reporter 2024.11.01

A Twosome Place targets the holiday season by launching a new product, ‘Schoosaeng’: A Twosome Place has begun full-fledged year-end marketing by launching a number of new products for the 2024 holiday season. In pa ...; Hwang Sujin Reporter 2024.11.01

Just like the first taste without any smell... Kimchi, was this possible?: As classical music played quietly in the Gangnam Gallery Lounge, the familiar yet unfamiliar scent of kimchi passed my nose. It wa ...; Pedro Espinola Special Correspondent 2024.11.01

Unmanned ramen shop in Danyang, North Chungcheong Province, provides jobs for underprivileged people: A special unmanned ramen store has opened in Danyang, North Chungcheong Province, to help the underprivileged achieve economic ind ...; Hwang Sujin Reporter 2024.11.01

Korean Air celebrates 30th anniversary of service to San Francisco... Passenger events ‘plentiful’, including airline ticket giveaways: Korean Air celebrated its 30th anniversary of serving San Francisco, USA. On the 29th (local time), Korean Air held a ‘com ...; Global Economic Times Reporter 2024.10.31

Doosan Yonkang Foundation presents the 2024 Doosan Yonkang Pediatrics Academic Award: On the 24th, the Doosan Yonkang Foundation (Chairman Yonghyun Park) held an awards ceremony for the '2024 Doosan Yonkang Pediatric ...; Global Economic Times Reporter 2024.10.31

Internet Bank’s first real estate mortgage loan for self-employed people… Up to KRW 1 billion at 3% per annum: [GLOBAL ECONOMIC TIMES] K Bank (CEO Woohyung Choi) received the grand prize in the service category (Korea Economic Daily Preside ...; ONLINE TEAM 2024.10.24

“Opportunity for Korean cosmetics brands to enter the Vietnamese market”... ‘Beauty Summit 2024’ held: [GLOBAL ECONOMIC TIMES] ‘BEAUTY SUMMIT 2024’, co-hosted by Hoang Tu Holdings and the Vietnam Chamber of Commerce and ...; ONLINE TEAM 2024.10.24

Earned 15 billion won over 4 years by selling names of Seoul subway stations... Gangnam Station is the best: It was revealed that the Seoul Transportation Corporation earned 14.97 billion won in profits over four years through the 'Paid St ...; Global Economic Times 2024.10.17