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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Paraguay's Foreign Trade Trends: In-Depth Analysis of 10.1% Increase in Imports from China in May 2025: As of May 2025, Paraguay's imports from China increased by 10.1% compared to the same period last year. This is according to the l ...; Graciela Maria Reporter 2025.06.23

Saebada, a Rising Star in Busan's Seafood Distribution, Relocates for Sustainable Growth: Busan, South Korea's largest port city, is a pivotal hub for the nation's robust seafood industry, serving as a critical gateway f ...; Hwang Sujin Reporter 2025.06.22

"Free Galaxy S25, Plus Cash Back": The Rekindled Subsidy War Heats Up: SEOUL, South Korea – The South Korean mobile market is currently experiencing an unprecedented "subsidy war," with major tel ...; Desk 2025.06.22

Jeonbuk Bio Takes Significant Strides into US Market, Paving the Way for Global Expansion: BOSTON – Jeonbuk Province, South Korea, is rapidly solidifying its position as a burgeoning hub for the biotech industry, a ...; Yim Kwangsoo Correspondent 2025.06.22

GLP-1's Irish Miracle: A Tricky Tug-of-War with the US: Earlier this year, the Irish economy experienced an extraordinary surge. The small island nation of 5.4 million people captured gl ...; Hwang Sujin Reporter 2025.06.22

Homeplus Seeks New Owner...Court Approves M&A Prior to Rehabilitation Plan Approval: Homeplus, currently undergoing corporate rehabilitation procedures, is now able to find a new owner. This follows a court decision ...; Min Gyu Mi Reporter 2025.06.21

Mingles, Seoul, Makes "World's 50 Best Restaurants" List for Second Consecutive Year: Seoul, South Korea – Mingles, the contemporary Korean fine dining restaurant in Cheongdam-dong, Gangnam-gu, led by Chef Kang ...; KO YONG-CHUL Reporter 2025.06.21

Chungnam Province Launches "Powerful Partnership" to Cultivate Unicorns in Bay Valley: Chungnam Province, South Korea – Chungnam Province has initiated a comprehensive "Powerful Partnership" with NH Nonghyup Ban ...; KO YONG-CHUL Reporter 2025.06.20

South Korea Emerges as Second-Most Preferred Asian Travel Destination, Closing Gap with Japan: South Korea has ascended to the second position in travel destination awareness and preference across the Asian region, signaling ...; Graciela Maria Reporter 2025.06.20

KakaoBank Secures Thai Virtual Bank License, Marking Korean Financial Re-entry After 25 Years: Bangkok, Thailand – KakaoBank, South Korea's leading internet-only bank, has successfully obtained a virtual bank license fr ...; Hwang Sujin Reporter 2025.06.19

Moorim Paper Unveils Immersive Exhibition at 2025 Seoul International Book Fair: SEOUL, South Korea – Moorim Paper, a leading name in the South Korean paper industry, is set to captivate attendees at the 2 ...; Kim Sungmoon Reporter 2025.06.18

RedForce PC Cafe Provides 750 Boxes of Nongshim's 'Baehongdong' to All 80+ Stores, Bolstering Franchisee Partnership: SEOUL, South Korea – RedForce PC Cafe (RedForce PC Arena) announced on June 18, 2025, that it would provide 750 boxes of Non ...; Hwang Sujin Reporter 2025.06.18

HD Hyundai Executives Bolster Worker Safety Amidst Looming Summer Heatwave: Ulsan, South Korea – As South Korea braces for the onset of the summer heatwave, HD Hyundai's top management, led by Chairma ...; KIM YOUNG MIN Specialized Reporter 2025.06.18

Gencia's Innovative Outsourcing Strategy for Human Resources Optimization: As businesses put in multifaceted efforts toward growth, enhancing human resources management efficiency is no longer an option bu ...; ONLINE TEAM 2025.06.18

Cheonan City Secures $100 Million Investment from Air Products, Bolstering Semiconductor Hub Ambitions: CHEONAN, South Korea – Cheonan City today announced the signing of a significant Memorandum of Understanding (MOU) with Air ...; HONG MOON HWA Senior Reporter 2025.06.18

Cheonan City Accelerates Attraction of Private Investors, Fuelling Startup Ecosystem Growth: Cheonan, South Korea – Cheonan City announced on June 17 its intensified efforts to attract private investment firms, a crit ...; HONG MOON HWA Senior Reporter 2025.06.18

Chungnam's Young Farmers Achieve "Million-Dollar" Incomes Through Smart Farms, Showcasing Policy Success: Buyeo, Chungcheongnam-do – Young farmers nurtured by Chungnam Province are rapidly establishing themselves in the agricultur ...; KO YONG-CHUL Reporter 2025.06.18

South Chungcheong Province to Transform Buyeo into a Leading 'Smart Farm City': Buyeo, South Chungcheong Province – South Chungcheong Province is embarking on an ambitious plan to revolutionize the agricu ...; HONG MOON HWA Senior Reporter 2025.06.18

Volvo XC40 Black Edition Sells Out in Record Time in South Korea: SEOUL, South Korea – Volvo Cars Korea today announced a rapid sell-out of its highly anticipated XC40 Black Edition, with al ...; Hwang Sujin Reporter 2025.06.17

Ansan to Host Groundbreaking Youth Fair, Uniting Entrepreneurship and Policy Support: Ansan City, Gyeonggi Province, has announced the '2025 Ansan Youth Fair,' a first-of-its-kind event in the nation, to be held on J ...; Hwang Sujin Reporter 2025.06.16

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