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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Daejeon City Selects 10 'D-Unicorn Companies' for 2025: Daejeon Metropolitan City has finalized the selection of 10 promising local venture and startup companies for the '2025 D-Unicorn ...; KO YONG-CHUL Reporter 2025.05.03

Chungcheongnam-do Province Expands Support for Exporting Companies Amid US Tariff Measures: Chungcheongnam-do is significantly increasing its trade insurance support for exporting companies in response to recent US tariff ...; HONG MOON HWA Senior Reporter 2025.05.03

Daejeon Fire Headquarters Intensifies Emergency Response with Recruitment of Paramedics and Nurses: Daejeon, South Korea – In a proactive move to bolster its emergency medical services (EMS) and ensure the seamless provision ...; Hwang Sujin Reporter 2025.05.03

Daejeon and Hanwha Eagles Unite Iconic Mascot with Baseball Spirit in Collaborative Merchandise Launch: Daejeon, South Korea – In a move designed to ignite local pride and fan enthusiasm, the city of Daejeon has partnered with i ...; Hwang Sujin Reporter 2025.05.03

South Chungcheong Province Intensifies Training to Bolster Civil Servant Response to Citizen Grievances: South Chungcheong Province, South Korea – South Chungcheong Province is proactively addressing the escalating complexities o ...; HONG MOON HWA Senior Reporter 2025.05.03

Cheonan Empowers Youth Innovation with Million-Won Challenge Project: CHEONAN, SOUTH KOREA - Cheonan City is bolstering its commitment to youth empowerment and regional development through the selecti ...; HONG MOON HWA Senior Reporter 2025.05.03

Cheonan Revamps Local Currency Card Design as Popular Initiative Marks Half-Decade Milestone: Cheonan, South Korea – In a move to refresh its public image and celebrate a significant milestone, Cheonan City has announc ...; HONG MOON HWA Senior Reporter 2025.05.03

South Korea's Chungcheongnam-do Province Intensifies Emerging Market Push Amidst US Tariff Fallout: In a proactive move to mitigate the adverse effects of escalating trade tensions, particularly the recent imposition of tariffs by ...; KO YONG-CHUL Reporter 2025.05.03

Daejeon Secures Landmark Agreement to Host Premier Life Science Conferences, Boosting Bio-Industry Ambitions: Daejeon Metropolitan City has strategically positioned itself as a burgeoning hub for the life sciences, securing a significant fi ...; HONG MOON HWA Senior Reporter 2025.05.03

MA Financial Expands Asia Presence with Appointment of Head of Asian Distribution in Singapore: Singapore – Australian-based financial services group MA Financial is accelerating its expansion in the Asian market. The co ...; KO YONG-CHUL Reporter 2025.05.03

Singapore's New IPOS Chairman to Accelerate Attraction of Multinational Corporations' R&D: The new Chairman of the Intellectual Property Office of Singapore (IPOS), Mr. Nicky Tan, who was appointed last April, has stated ...; KO YONG-CHUL Reporter 2025.05.03

Argentine Agrees to $20 Billion Stabilization Program with IMF: Analysis of Success Potential and Risk Factors: BUENOS AIRES – The Argentine government has entered the third phase of its economic stabilization plan by agreeing to a $20 ...; Pedro Espinola Special Correspondent 2025.05.03

Paraguay Small Online Stores Usher in Era of Simple Payments with QR Codes: Bancard, Paraguay's leading payment network, has announced the official support for QR code payments for online stores of all size ...; Global Economic Times Reporter 2025.05.03

Upscale Asunción Restaurant El Elegido Takes a New Leap Forward with Menu Revamp and All-Day Concept: El Elegido, a high-end restaurant located at the intersection of Denis Roa and Austria Streets in the central business district of ...; Ana Fernanda Reporter 2025.05.03

Chungcheongnam-do Province to Expand Economic and Human Exchange with Uzbekistan: Chungcheongnam-do Province, together with the Chungnam Northern Chamber of Commerce and local business leaders, conducted a 2-nigh ...; HONG MOON HWA Senior Reporter 2025.05.02

World-OKTA Rebrands as 'World Korean Economic and Trade Association' to Reflect Evolving Role: Andong, South Korea – The World Federation of Overseas Korean Traders Associations (World-OKTA), a prominent organization re ...; KO YONG-CHUL Reporter 2025.05.01

Sri Lankan Delights Take Center Stage at Food and Hotel Asia Exhibition in Singapore: Singapore - Ceylon tea, a globally renowned beverage, alongside a diverse array of coconut products and natural drinking water fro ...; Desk 2025.05.01

Singapore's F&B Sector Faces Contraction After a Year of Growth, But Opportunities Remain, Says OCBC: Singapore - Singapore's Food and Beverage (F&B) industry is experiencing a slowdown, marked by market saturation and a challen ...; Eugenio Rodolfo Sanabria Reporter 2025.05.01

Andong Mayor Kwon Ki-chang Urges Tourism as an Act of Charity Following Devastating Wildfires: Andong, South Korea - In a press conference held in conjunction with World OKTA (Overseas Korean Traders Association) President Pa ...; KO YONG-CHUL Reporter 2025.04.30

Yecheon Agri-Food Products Set Stage for Global Expansion at Andong Korea Business Expo: Andong, South Korea – Yecheon County, North Gyeongsang Province, is making significant strides towards entering the global m ...; KO YONG-CHUL Reporter 2025.04.30