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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Mediogen Partners with India's Maypharm to Target Latin American Probiotics Market, Securing a KRW 5 Billion Exclusive Contract for 5 Years: Mediogen, a leading South Korean research and manufacturing company specializing in probiotics, has announced a strategic partners ...; KO YONG-CHUL Reporter 2025.04.25

Korea Introduces Nuclear Power in Africa; Nigeria Agrees to Cooperation: Hwang Ju-ho, the CEO of Korea Hydro & Nuclear Power (KHNP), introduced South Korea's nuclear power capabilities in Africa. Afr ...; Yim Kwangsoo Correspondent 2025.04.25

European Car Market Sees First Growth in Three Months, but Tesla Sales Plummet: Brussels, Belgium - The European car market experienced a modest rebound in March, marking the first increase in sales volume in t ...; Eugenio Rodolfo Sanabria Reporter 2025.04.25

South Korea Elected to Executive Council of UN Centre for Sustainable Agricultural Mechanization for the First Time: South Korea has been elected as a member of the Executive Council of the United Nations Centre for Sustainable Agricultural Mechan ...; ONLINE TEAM 2025.04.25

McDonald's Korea's "Taste of Korea" Campaign Wins Gold at Spikes Asia 2025 for Creative Strategy: Seoul, South Korea – McDonald's Korea has been recognized for its impactful ESG (Environmental, Social, and Governance) effo ...; Hwang Sujin Reporter 2025.04.25

Asian Stock Markets Show Resilience as Trump Partially Retreats on Tariffs: Following U.S. President Donald Trump's recent rollback of some of the tariff policies he announced earlier this month, several As ...; Ana Fernanda Reporter 2025.04.25

Guri City Continues Free Bicycle Repair Service to Enhance Citizen Convenience: Guri City is extending its free bicycle repair service into this year, a program that has been running since 2018. This initiative ...; Desk 2025.04.25

Unexpected Accidents and Thefts Highlight the Necessity of Art Insurance: In 2015, a seemingly innocuous incident at a Taiwanese exhibition hall underscored the inherent vulnerabilities of valuable artwor ...; ONLINE TEAM 2025.04.25

Paraguay's Ministry of Finance Conducting Census of Retirees... Pension Payments to be Suspended for Non-Registration: Paraguay's Ministry of Economy and Finance (MEF) is conducting a digital census of retirees and pension recipients, and it has bee ...; Yim Kwangsoo Correspondent 2025.04.24

MariBank Acquires SeaBank Philippines, Accelerating Penetration into Southeast Asian Digital Finance Market: Singapore-based digital bank MariBank Singapore Private Limited (hereinafter ‘MariBank’) announced on April 24, 2025, ...; Graciela Maria Reporter 2025.04.24

BASF Sells Stake in Korla Joint Ventures in China… Ownership Transferred to Singapore's Verde Chemical: Global chemical company BASF has announced the sale of its stakes in its joint ventures located in Korla, Xinjiang Uygur Autonomou ...; Desk 2025.04.24

Singapore Has World's Highest Remote Work Rate, Yet Employee Engagement Falls Below Global Average: Despite having the highest proportion of remote workers globally, Singapore's employee engagement remains below the global average ...; Yim Kwangsoo Correspondent 2025.04.24

South Korea Mulls Expanding E-9 Visa to Address Service Sector Labor Shortages, Faces Opposition: Seoul, South Korea - South Korea is considering a significant expansion of its Employment Permit System (EPS), potentially allowin ...; Desk 2025.04.24

Invitation to the 33rd Anniversary of Korea-China Diplomatic Relations Forum: "New Era, New Vision: A Community of Shared Future for Mankind and a New Korea-China Relationship" This year marks the significan ...; KO YONG-CHUL Reporter 2025.04.24

Kim Jeom-bae Appointed as New Chairman of Global Hansang Dream, Pledges to Support Next Generation: Seoul, South Korea – Global Hansang Dream (GHD), a non-profit organization dedicated to fostering the next generation of ove ...; KO YONG-CHUL Reporter 2025.04.24

KFC Australia Launches World-First Habanero Hot & Crispy, Sparking Korean Consumer Interest: Sydney, Australia - KFC Australia has ignited a fiery buzz among fast-food enthusiasts with the unprecedented launch of its new "H ...; Desk 2025.04.24

South Korean Rice Exports Surge in 2024 Amidst K-Food Popularity: Seoul, South Korea - Bolstered by the global fervor for K-food, South Korea's rice exports witnessed an extraordinary surge in the ...; Desk 2025.04.23

OpenAI Expresses Interest in Acquiring Chrome Amidst Google Antitrust Scrutiny: Washington D.C. - In a surprising turn of events during the ongoing antitrust trial examining Google's dominance in the search mar ...; Desk 2025.04.23

GS25 Achieves Record-Breaking Success in Hanoi, Vietnam…Average Daily Sales Exceed KRW 5 Million at 6 Stores: GS Retail announced on the 22nd that its convenience store GS25 is causing a K-convenience store sensation in Hanoi, Vietnam, with ...; KO YONG-CHUL Reporter 2025.04.23

Global Korean Journalists to Gather in Seoul for Presidential Policy Debate and Media Workshop: The World Korean Journalists Association (WKJA) is set to host a large-scale event from May 12th to 16th, encompassing Seoul, Inch ...; KO YONG-CHUL Reporter 2025.04.23