Global Economic Times

2025.10.26 (Sun)
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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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Korean-Made DAP Fertilizer: Cadmium Levels Trigger Vietnamese Durian Export Ban to China: HANOI, Vietnam – A burgeoning international food safety scandal is unfolding as China has completely blocked imports of Viet ...; Hwang Sujin Reporter 2025.06.01

South Korea's NAAS and Switzerland's FiBL Partner for Regenerative Organic Agriculture Advancement: SUWON, SOUTH KOREA / FRICK, SWITZERLAND – The National Academy of Agricultural Science (NAAS), an affiliate of South Korea's ...; KO YONG-CHUL Reporter 2025.06.01

POSCO Establishes Core Resources Research Institute in Australia to Bolster Mineral Security and Technological Prowess: Perth, Australia – POSCO Group has inaugurated its Australia Core Resources Research Institute in Perth, a strategic move to ...; Kim Sungmoon Reporter 2025.06.01

Chungnam's K-Products Make Inroads in Australia, Bolstering Export Drive: SYDNEY, Australia – Products from Chungcheongnam-do (Chungnam) Province are making a significant impact on the global stage, ...; HONG MOON HWA Senior Reporter 2025.06.01

New Zealand Opens Doors to South Korean Doctors: A Strategy to Bolster Healthcare Workforce: Wellington, New Zealand – In a significant move to address its ongoing healthcare workforce shortages, New Zealand has strea ...; Hwang Sujin Reporter 2025.06.01

Korean Business Council in New Zealand to Boost Growth and Connectivity: Auckland, New Zealand – The Korean business community in New Zealand is setting the stage for enhanced growth and solidarity ...; Kim Sungmoon Reporter 2025.06.01

Malaysia Teams Up with Korea Expressway Corporation for 'Smart Highways' Initiative: Kuala Lumpur, Malaysia – Malaysia is embarking on an ambitious journey to develop "smart highways" across the nation, partne ...; Hee Chan Kim Reporter 2025.06.01

Yeongcheon City Holds Export Consultation in Indonesia, Signs MOU with Korean Association: Yeongcheon City, South Korea – A trade delegation from Yeongcheon City, led by Mayor Choi Ki-moon, successfully hosted an ex ...; Kim Sungmoon Reporter 2025.06.01

Busan Port Authority Promotes Digital Logistics Systems in Indonesia at Inaugural Maritime Week: Busan Port Authority (BPA) showcased its advanced digital logistics systems at the first-ever 'Indonesia Maritime Week 2025,' held ...; Yim Kwangsoo Correspondent 2025.06.01

Cambodia-Based No-Show Scams on the Rise: Businesses Warned to Be Vigilant: SEOUL, South Korea – Police are issuing a stern warning to South Korean businesses about a sophisticated "no-show scam" orig ...; Hwang Sujin Reporter 2025.06.01

Goyang City Hosts Cambodia for International Exchange on Urban Planning and Lake Park Management: Goyang City, Gyeonggi Province – Goyang City recently held an international exchange meeting with a high-level Cambodian del ...; Kim Sungmoon Reporter 2025.06.01

Apple Expands India Presence with New Bengaluru Store Amidst Geopolitical Tensions: Bengaluru, India – Apple is further solidifying its footprint in the burgeoning Indian market with the upcoming launch of it ...; Desk 2025.06.01

Woongjin Compass Partners with Saudi Education Firm to Strengthen Middle East Presence: Seoul, South Korea / Riyadh, Saudi Arabia – Woongjin Compass, a leading English education specialist based in South Korea, a ...; KO YONG-CHUL Reporter 2025.05.31

Outback Steakhouse Korea Reaches 100 Stores, Navigating Market Shifts: Seoul, South Korea – Outback Steakhouse, operated by Dine Brands Group, has announced the reopening of its 100th location in ...; Hwang Sujin Reporter 2025.05.31

Busan Bank Leads Regional Banks in Social Contribution, Spending ₩59.9 Billion in 2023: Busan Bank has solidified its position as a leader in social contribution among regional banks in South Korea, having spent ₩59.9 ...; Hwang Sujin Reporter 2025.05.31

White House Moves to Effectively Ban Chinese Drones in US Market Amid Security Concerns: Washington D.C. – The White House is reportedly preparing a series of executive orders that would effectively prohibit the s ...; Desk 2025.05.31

Gangneung City's Workation Hub, 'Business Workation Support Center,' Under Smooth Construction: Gangneung City is accelerating the construction of the 'Business Workation Support Center,' a key infrastructure aimed at attracti ...; Hwang Sujin Reporter 2025.05.31

Anseong City Expects to Solve Commuting Difficulties for Workers and Revitalize the Local Economy by Operating Free Commuter Buses in Donghang Industrial Complex: Anseong City will begin operating free commuter buses for workers in the Donghang and Donghang 2 General Industrial Complexes star ...; Kim Sungmoon Reporter 2025.05.31

Anseong City Successfully Penetrates Hungarian Market, Securing Export Channels to Europe: Anseong City has taken a significant step toward developing the Eastern European market. In collaboration with the Gyeonggi Provin ...; Hwang Sujin Reporter 2025.05.31

Pyeongtaek City's Successful Export Consultation in Eastern Europe Signals Green Light for SME Global Expansion: Pyeongtaek City has successfully held an export consultation in Eastern Europe, marking a significant step in helping small and me ...; Yim Kwangsoo Correspondent 2025.05.31