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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Dream Taxis Take to the Streets of Daejeon: A New Era for Urban Transportation: Daejeon Metropolitan City has officially launched its distinctive branded taxi service, "Dream T" (꿈T), with an initial fleet of 1 ...; HONG MOON HWA Senior Reporter 2025.04.21

23rd World Korean Business Convention Concludes Successfully in Atlanta, Forging a Global Korean Business Network: Atlanta, GA – The 23rd World Korean Business Convention (WKBC) concluded its successful four-day run in Atlanta, Georgia, on ...; Kim Sungmoon Reporter 2025.04.21

Jeonju Chamber of Commerce Joins Global Business Leaders at the 23rd World Korean Business Convention in Atlanta: Jeonju, South Korea – The Jeonju Chamber of Commerce and Industry (JCCI), led by Chairman Kim Jong-tae, announced its partic ...; KO YONG-CHUL Reporter 2025.04.21

Gyeongbuk-Based Skincare Innovator 'Cure-sing' to Showcase K-Bathing Culture at World Korean Business Convention in Atlanta: Cure-sing, a promising regional enterprise nurtured through Gyeongbuk Province's "Local Change-up" initiative, is set to participa ...; Kim Sungmoon Reporter 2025.04.21

Dobong-gu, Seoul Forges Trade Partnership with OKTA Atlanta to Bolster International Business Opportunities: Dobong-gu, a district in Seoul, South Korea, under the leadership of Mayor Oh Eon-seok, has announced the signing of a Memorandum ...; Kim Sungmoon Reporter 2025.04.21

Chungcheongbuk-do Province Opens First Permanent Agricultural and Food Product Store in Atlanta to Target the U.S. Market: Chungcheongbuk-do Province has announced the grand opening of its first permanent sales outlet for agricultural and food products ...; Kim Sungmoon Reporter 2025.04.21

aT President Hong Steps Up Efforts to Boost K-Food Exports in the U.S. Amidst Global Market Shifts: ATLANTA, GA – Hong Moon-pyo, President of the Korea Agro-Fisheries & Food Trade Corporation (aT), is actively engaging w ...; Kim Sungmoon Reporter 2025.04.21

South Korea Ascends to Third-Largest Global Cosmetic Exporter Amidst K-Beauty's Soaring Popularity: SEOUL – The burgeoning global acclaim for K-beauty has propelled South Korea to the position of the world's third-largest ex ...; Yim Kwangsoo Correspondent 2025.04.20

Cheonan City to Foster AI-Driven Innovation Ecosystem with Salesforce Partnership: Cheonan City announced on the 17th that it had signed a Memorandum of Understanding (MOU) with Salesforce Korea, a global Customer ...; HONG MOON HWA Senior Reporter 2025.04.20

Daejeon City Operates Task Force to Respond to US Tariff Policy… All-Out Effort to Minimize Corporate Damage: Daejeon City has fully launched support measures to minimize damage to local exporting companies amidst the rapidly changing globa ...; HONG MOON HWA Senior Reporter 2025.04.20

TSMC Faces Profitability Headwinds Amid US Expansion and Geopolitical Shifts: The world's leading foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), is entering a phase of declining profitability as its ...; Eunsil Ju Reporter 2025.04.20

Woori Bank Officially Launches Affordable Mobile Service 'Woori WON Mobile': Woori Bank, a prominent South Korean financial institution, has officially entered the mobile virtual network operator (MVNO) mark ...; Kim Sungmoon Reporter 2025.04.20

Senior Chinese Official Visits Samsung Chip Plant Amidst US Trade Tensions: Amidst escalating trade friction between the United States and China, a high-ranking Chinese Communist Party official recently vis ...; Yim Kwangsoo Correspondent 2025.04.20

Incheon Launches 2025 Initiative to Propel Young Entrepreneurs into Global Markets: In a bid to foster international expansion for its burgeoning young enterprises, the Incheon Metropolitan City Government announce ...; Min Gyu Mi Reporter 2025.04.20

Seoul Metropolitan Subway Fare to Increase by 150 Won in June: The base fare for the Seoul Metropolitan Subway will increase by 150 won, from 1,400 won to 1,550 won, in June. With the resoluti ...; Hwang Sujin Reporter 2025.04.20

World OKTA President Park Jong-beom Faces Internal Opposition Over Attempted Name Change Without Board Review: It has been belatedly revealed that Park Jong-beom, the president of the World Federation of Overseas Korean Traders Associations ...; Hwang Sujin Reporter 2025.04.20

US Imposes Port Fees on Chinese Vessels, Escalating Trade Tensions and Potentially Benefiting South Korean Shipbuilders: Washington D.C. – In a move aimed at countering China's dominance in the global shipbuilding industry and bolstering its own ...; Eunsil Ju Reporter 2025.04.20

Large Cruise Ship "Noordam" Docks in Sokcho, Signaling Revival of Gangwon Cruise Tourism: Sokcho City and the Gangwon Tourism Foundation (GTF), led by CEO Choi Seong-hyun, proudly announced the arrival of the massive, Un ...; KO YONG-CHUL Reporter 2025.04.19

Cheongna Energy Conducts Technical Training for District Cooling Users Ahead of Summer Peak: Cheongna Energy (CEO Choi Tae-hee) recently held a comprehensive technical training session for approximately 80 building managers ...; KO YONG-CHUL Reporter 2025.04.19

Incheon Launches Joint Campaign with Corporate Taxi Sector for Law-Abiding Operations and Enhanced Customer Service: INCHEON, South Korea – The Incheon Metropolitan City government and the local corporate taxi industry joined forces on April ...; Hwang Sujin Reporter 2025.04.19