Global Economic Times

2026.03.22 (Sun)
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Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year

Coway Co., Ltd., the "Best Life Solution Company," announced today that it has received the highest rating at the 10th Bottled Water & Water Purifier Tasting Competition, marking its s
Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform

Naver is pivoting its e-commerce strategy by closing its specialized men's fashion curation service, 'MR. (Mister),' to make way for a more comprehensive fashion platform that includes wom

K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums

The South Korean government has unveiled a groundbreaking initiative to propel small and medium-sized enterprises (SMEs) in the cosmetics sector onto the global stage. By shifting from traditional, is

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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

World-OKTA's Andong Korea Business Expo Secures $84 Million in Deals, Demonstrating Global Korean Economic Network Power: ANDONG, SOUTH KOREA - The World Korean Traders Association (World-OKTA) concluded its 2025 World Representatives Convention and Ko ...; KO YONG-CHUL Reporter 2025.04.30

Resilient Beauty Salons and Lodging Outshine Struggling Online Retail and Cosmetics in South Korean Startup Survival Rates: SEOUL, South Korea - New data released by South Korea's National Tax Service reveals a stark contrast in the survival rates of var ...; Kim Sungmoon Reporter 2025.04.30

Trump Jr. Holds High-Profile Meetings with South Korean Business Tycoons Amidst U.S. Trade Concerns: SEOUL – Donald Trump Jr., the eldest son of the former U.S. President, arrived in South Korea on Tuesday at the invitation o ...; Eunsil Ju Reporter 2025.04.30

Andong Intensifies Crackdown on Illegal Use of Local Currency to Bolster Regional Economy: Andong, South Korea – Andong City is set to launch a comprehensive 22-day crackdown on the illicit circulation of its popula ...; KO YONG-CHUL Reporter 2025.04.30

Fila Accelerates China Expansion with New Flagship Store Launch: Global sportswear brand Fila is intensifying its efforts to conquer the Chinese market with the grand opening of a new flagship st ...; Eugenio Rodolfo Sanabria Reporter 2025.04.30

Jin Air Resumes Incheon-Qingdao Flights, Boosting Travel Options and Tourism: SEOUL, South Korea – Jin Air, a prominent South Korean low-cost carrier, has announced the resumption of its Incheon-Qingdao ...; KO YONG-CHUL Reporter 2025.04.30

World-OKTA Aims to Be Gateway for Korean SMEs' Global Expansion at Andong Expo: Andong, South Korea – The World Federation of Korean Trade Associations (World-OKTA) has declared its commitment to becoming ...; KO YONG-CHUL Reporter 2025.04.28

JD.com Enters Korean E-commerce Arena with Blitzkrieg Logistics, Threatening Local Players: SEOUL, SOUTH KOREA – E-commerce giant JD.com, often dubbed 'China's Amazon,' has officially launched its full-fledged operat ...; Min Gyu Mi Reporter 2025.04.28

Lotte GRS Expands Restaurant Portfolio with Downtown Debut of Japanese Ramen Brand 'Mukyoku': SEOUL, South Korea – Lotte GRS, the prominent food service franchise arm of South Korean conglomerate Lotte Group, has annou ...; KO YONG-CHUL Reporter 2025.04.28

Sejong City Hosts Japanese Parliamentarians for Smart City, Balanced Development Talks: SEJONG CITY – Mayor Choi Min-ho of Sejong Special Self-Governing City welcomed a delegation of Japanese parliamentarians fro ...; HONG MOON HWA Senior Reporter 2025.04.28

Incheon Bakeries Busted for Storing Expired Ingredients, Violating Food Safety Laws: INCHEON, SOUTH KOREA - Authorities in Incheon have cracked down on several food establishments, including prominent bakery cafes, ...; KO YONG-CHUL Reporter 2025.04.28

Toyota Korea Amplifies After-Sales Service with New Mega Parts Center: SIHEUNG, South Korea – Toyota Korea is significantly bolstering its after-sales service capabilities with the grand opening ...; Hwang Sujin Reporter 2025.04.28

Seoul Bets Big on Chicken to Boost Public Delivery App "Ttanggyeoyo": The Seoul Metropolitan Government has launched a bold initiative for its public delivery app, "Ttanggyeoyo" (땡겨요, meaning "It pull ...; Hwang Sujin Reporter 2025.04.28

"May Donghaeng Festival" to Boost National Spending, Support Small Businesses: South Korea is set to launch the "May Donghaeng Festival," a nationwide initiative aimed at stimulating consumer spending and supp ...; Hwang Sujin Reporter 2025.04.28

Travel Troubles Rise in South Korea as Overseas Trips Surge: As South Koreans eagerly plan overseas vacations for the upcoming Family Month in May, a concerning trend of travel-related scams ...; Hwang Sujin Reporter 2025.04.28

Philippine Central Bank Launches Mobile App, Strengthening Access to Financial Information and Accelerating Digital Inclusion: Manila – The Bangko Sentral ng Pilipinas (BSP) has announced the launch of its mobile application, ‘BSP Mobile,’ ...; ONLINE TEAM 2025.04.27

Singapore-US Trade Relations: Seeking Deeper Cooperation Amid Maintained Tariffs: As Singapore and the United States seek to deepen their economic relationship, the US has decided to maintain a basic tariff of 10 ...; Ana Fernanda Reporter 2025.04.27