Global Economic Times

2025.10.25 (Sat)
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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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South Korea's Gyeongsangnam-do Province Forges Strong Ties in Turkey'sburgeoning Nuclear Energy Market, Securing $94.92 Million in Export Consultations: Gyeongsangnam-do Province, a key hub for South Korea's nuclear power industry, has made significant strides in tapping into the bu ...; Yim Kwangsoo Correspondent 2025.05.07

Aeon Group Embarks on Ambitious Expansion in Vietnam, Targeting 100 Mega-Stores by 2030: Tokyo, Japan – Aeon Group, Japan's preeminent retail conglomerate, has unveiled an aggressive expansion strategy for its Vie ...; Ana Fernanda Reporter 2025.05.07

Bonghwa County Bets on 'Bongt'nam': A Unique Cultural Tourism Venture Bridging Korea and Vietnam: Bonghwa County, nestled in the inland region of North Gyeongsang Province, South Korea, is embarking on an ambitious tourism devel ...; Yim Kwangsoo Correspondent 2025.05.07

Up to 30% Discount on 'Seoul Delivery+' ('Ddanggyeo-yo') Orders in Gangnam, Gwanak, and Yeongdeungpo Districts: Residents in the Gangnam, Gwanak, and Yeongdeungpo districts of Seoul can receive up to a 30% discount when ordering food through ...; Hwang Sujin Reporter 2025.05.07

Gyeonggi Province Initiative Aims to Foster "Happy Workplaces" for Migrant Workers Amidst Persistent Challenges: In a significant move to address the often-precarious working conditions faced by migrant laborers, the Gyeonggi Job Foundation ha ...; Desk 2025.05.07

Airline Stocks Surge as Investors Flock in Response to Falling Won-Dollar Exchange Rate: Airline stocks are experiencing a broad rally on the South Korean stock market today, buoyed by a sharp decline in the Korean won- ...; Desk 2025.05.07

Paraguayan Ministry of Economy and Finance Suspends Payments to 8,000 Pensioners for Not Participating in Mandatory Census: The Paraguayan Ministry of Economy and Finance (MEF) has announced the temporary suspension of pension payments to over 8,000 pens ...; Graciela Maria Reporter 2025.05.06

T-shirts Featuring Paraguayan History, the Shining Idea of a Young Designer: Cristina León, a young designer from San Lorenzo, has combined her passion for history and design to create a cultural proj ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06

Parking Fee Implementation in Encarnación Faces Strong Opposition, Demands for Suspension Flood In: The recently introduced parking fee policy in the city of Encarnación, Paraguay, is facing strong opposition from citizens, ...; Eugenio Rodolfo Sanabria Reporter 2025.05.06

Samsung Challenges India's $1.3 Billion Tariff and Penalty, Setting Stage for Legal Showdown: Samsung Electronics has mounted a vigorous legal challenge against the Indian government's demand for a staggering ₹14.8 billion ( ...; KO YONG-CHUL Reporter 2025.05.05

Booming Vietnamese Medical Device Market Poised to Surpass $1.7 Billion, Offering Significant Opportunities for South Korean Exporters: Vietnam's burgeoning medical device market is on track to exceed a substantial $1.7 billion (approximately ₩2.55 trillion) in 2024 ...; Ana Fernanda Reporter 2025.05.05

Goheung County's Seaweed Exports to Indonesia Gain Momentum, Targeting Broader Southeast Asian, Middle Eastern, and Indian Markets: Goheung County in Jeollanam-do Province, South Korea, is making significant strides in penetrating the Indonesian market with its ...; Yim Kwangsoo Correspondent 2025.05.05

Seoul Metropolitan Government to Develop Popular Local Eatery Menus into Meal Kits Based on Citizen Recommendations: The Seoul Metropolitan Government will develop popular menus from traditional markets into convenient meal kits that can be easily ...; Hwang Sujin Reporter 2025.05.05

Chungbuk Province Intensifies Efforts to Attract Japanese and Taiwanese Tourists, Capitalizing on Hallyu Wave: Chungcheongbuk-do Province, a region in South Korea known for its scenic beauty and cultural heritage, is strategically targeting ...; HONG MOON HWA Senior Reporter 2025.05.05

Mercosur Certificate of Origin: The Engine of Export Competitiveness for Paraguay's Maquila Industry: The Southern Common Market, Mercosur (Mercado Común del Sur), stands as a significant economic bloc in South America, compr ...; Yim Kwangsoo Correspondent 2025.05.05

Hana Bank Signs MOU with the Vietnamese Association in Korea: Hana Bank announced on May 2nd that it had signed a Memorandum of Understanding (MOU) with the Vietnamese Association in Korea on ...; Desk 2025.05.03

Korean Ramen Empire Expands Globally, Capitalizing on K-Culture Wave: AGUAS CALIENTES, PERU - High in the Peruvian Andes, on the winding path leading to the ancient Inca citadel of Machu Picchu, an un ...; Global Economic Times Reporter 2025.05.03

Global Backlash Against Trump Policies Manifests in Coca-Cola Boycotts in Denmark and Mexico: The ripple effects of discontent stemming from the foreign policy, trade impositions, and immigration stances of the U.S. Presiden ...; Yim Kwangsoo Correspondent 2025.05.03

Lotteria Sets Sights on US Market with First Fullerton Outlet: South Korean fast-food giant Lotteria is making a bold move into the competitive US market, selecting Fullerton, California, for i ...; Sharon Yoon Correspondent 2025.05.03

Chungnam Province Unveils Ambitious RISE Initiative, Investing ₩140.3 Billion to Revitalize Regional Higher Education and Economy: Chungcheongnam-do (South Chungcheong Province) has taken a significant step towards regional revitalization with the selection of ...; HONG MOON HWA Senior Reporter 2025.05.03