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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Petrobras Weighs Participation in India's Deep-Sea Oilfield Development Bidding; Conducting In-depth Analysis: Brazil's state-owned oil company, Petrobras, is carefully considering the opportunity to participate in the oilfield block auction ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Brazil: Conflict Intensifies Over Motorcycle Ride-Hailing Services... Legal Battles Erupt Amidst Driver Safety and Regulation Debates: Brazil, with a population of over 211 million, is Latin America's largest ride-hailing market, and two-wheeled vehicles play a cru ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Cuba Freezes Foreign Companies' Deposits, Investment Environment Plunges to 'Worst': The Cuban authorities have triggered widespread repercussions by recently informing several foreign companies that they can no lon ...; Sharon Yoon Correspondent 2025.04.14

Paraguay's Holy Week Sees Domestic Tourism Boom, Rural Lodging Reaches Over 70% Occupancy: Holy Week in Paraguay is one of the peak seasons for domestic tourism, and this year is no exception, with rural tourist accommoda ...; Pedro Espinola Special Correspondent 2025.04.14

Banco Basa, First in Paraguay to Launch AFD's 'Procampo Verde' Sustainable Agriculture Loans: Banco Basa has solidified its commitment to the sustainable development of Paraguay's agricultural sector by achieving the distinc ...; Graciela Maria Reporter 2025.04.14

Taiwan Cracks Down on Illegal Accommodations, Collects Over NT$20 Million in Fines in Three Months: According to data released by the Taiwan Tourism Administration, a focused inspection of 3,364 illegally operating hotels and bed ...; Ana Fernanda Reporter 2025.04.14

Soaring Prices Empty Wallets at Convenience Stores: Consumers Flock to Affordable Private Brands: Seoul, South Korea – Kim (38), a resident of Seongbuk-gu, Seoul, recently experienced a moment of dismay during a routine vi ...; Desk 2025.04.14

"Big 3" Luxury Brands Achieve Record Sales in South Korea Amid Price Hikes: The so-called "Big 3" luxury brands – Hermès, Louis Vuitton, and Chanel – have collectively achieved their high ...; Hwang Sujin Reporter 2025.04.14

Hyundai and Kia Achieve Record First Quarter Sales in India's Booming Auto Market: New Delhi, India – South Korean automotive giants Hyundai Motor Company and Kia Corporation have recorded their highest-ever ...; KO YONG-CHUL Reporter 2025.04.14

Korean Restaurant Thrives Near SK Battery Plant, Sparking Economic Revival in Commerce, Georgia: Just a five-minute drive from the sprawling SK Battery America (SKBA) plant in Commerce, Jackson County, Georgia, sits a single Ko ...; Yim Kwangsoo Correspondent 2025.04.14

Korean "West Ants" Weather Market Storm: Tech Stock Holdings Shrink Amid Trade Tensions, Yet Bargain Hunting Persists: SEOUL, South Korea – Korean individual investors, dubbed "West Ants" for their penchant for investing in overseas equities, ...; KO YONG-CHUL Reporter 2025.04.14

Australian Rare Earth Miners Surge Amid China's Export Restrictions: Perth, Australia – Several small Australian mining companies specializing in rare earth elements have defied a broader globa ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Philippines-France Economic Cooperation Sees 'Green Light': FTA Negotiations and Direct: Manila, Philippines - The French Chamber of Commerce and Industry in the Philippines (CCI France Philippines) reports a surge in i ...; Yim Kwangsoo Correspondent 2025.04.14

Will the Indian Market Become a Haven from Trump's Tariff Threats?: Hyundai Motor and Kia have recorded their highest-ever quarterly sales in the first quarter of this year in India, the world's thi ...; KO YONG-CHUL Reporter 2025.04.13

Overseas Online Shopping Scams: Consumers Left Defenseless as Responsibility Lags: The allure of online shopping, especially through visually appealing advertisements on platforms like Instagram, often leads consu ...; Hwang Sujin Reporter 2025.04.13

Instagram Shoe Scam: Buyer Left in Limbo as Seller Ghosts and Card Cancellation Fails: A white-collar worker, identified only as Mr. A, fell victim to an online shopping scam after purchasing a pair of shoes priced at ...; Hwang Sujin Reporter 2025.04.13

Boise Smoke Shops Forced to Close Amid Sudden Police Crackdown, Confusion Over Legal Interpretations: BOISE, ID - High Mountain Smoke Shop, a fixture in Boise for the past five years, shuttered its doors on March 31st, just two week ...; Eunsil Ju Reporter 2025.04.12

Trump's Tariff Threat Casts Shadow Over South Dakota Wine Industry and Local Economy: Rapid City, SD - On a Saturday night in downtown Rapid City, the clink of a cork being pulled from a bottle of Nero d'Avola echoed ...; KO YONG-CHUL Reporter 2025.04.12

Cheonan City to Subsidize 50 Hydrogen Fuel Cell Vehicles: 32.5 Million KRW per Vehicle: Cheonan City announced on the 8th that it will promote the ‘2025 Hydrogen Fuel Cell Vehicle Supply Project’ to improve ...; KO YONG-CHUL Reporter 2025.04.11

Daejeon City Tour Unveils Revitalized Itineraries Focusing on Sensory and Experiential Tourism: Daejeon, South Korea – The Daejeon Metropolitan City Government is set to launch its significantly revamped "2025 Daejeon Ci ...; KO YONG-CHUL Reporter 2025.04.11