Global Economic Times

2025.10.29 (Wed)
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Grand Opening of the 29th World Korean Business Convention in Songdo Convensia, Incheon

The 29th World Korean Business Convention (2025 Korea BCSF Incheon) grandly opened on October 27 at Songdo Convensia in Incheon. The convention is co-hosted by the World Federation of Overseas Korean
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

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South Korea's Job Market Freezes Over, Leaving Youth in Despair: South Korea's job market is rapidly deteriorating, with young people bearing the brunt of the downturn. Recent data reveals alarmi ...; Desk 2025.02.17

E-Mart Traders Magok Branch Opens with Record-Breaking Sales: Magok, Seoul – E-Mart's warehouse-style discount store, Traders, opened its new Magok branch on February 14th, 2025, to much ...; Hwang Sujin Reporter 2025.02.17

Porsche Expands its Presence in South Korea with New Service Center and Ambitious Plans: Seoul, South Korea – Porsche, the renowned German sports car manufacturer, has reinforced its commitment to the South Korean ...; KO YONG-CHUL Reporter 2025.02.17

Korean Convenience Store Giants Face Profitability Crisis Amidst Expansion Race: SEOUL – South Korea's convenience store industry is facing a reckoning after years of aggressive expansion. The sector enjoy ...; Desk 2025.02.17

Fermented Skate to be Designated as Traditional Seafood, Paving the Way for Global Market Entry: Korean Traditional Food Set for International Expansion with Government SupportBucheon, South Korea – The Korean traditional ...; Yim Kwangsoo Correspondent 2025.02.17

Financial Watchdog Urges Consumers to Understand the Fine Print of Mobile Phone Insurance: SEOUL – The Financial Supervisory Service (FSS) has issued an advisory to consumers, emphasizing the importance of fully und ...; Hwang Sujin Reporter 2025.02.17

U.S. LNG Imports Emerge as Key Bargaining Chip Amidst Trump's Trade Pressure: As U.S. President Donald Trump's trade pressure intensifies, importing U.S. liquefied natural gas (LNG) has emerged as a key barga ...; Graciela Maria Reporter 2025.02.17

Eyeglass-shaped hearing aid to be released in the US market in the first quarter of 2025: Good news for people with hearing impairments who have hesitated to wear traditional hearing aids due to discomfort and the attent ...; Hwang Sujin Reporter 2025.02.16

Bulguksa Temple Receives Largest Government Support for Free Admission Policy: Bulguksa Temple has emerged as the biggest beneficiary of the government's free admission policy for cultural heritage sites, rece ...; Desk 2025.02.16

7-Eleven Debuts "Ma La Mapo Tofu Rice Bowl" in Chef Collaboration: 7-Eleven has released a new chilled ready-to-eat meal, the "Ma La Mapo Tofu Rice Bowl," in partnership with celebrity chef Park Eu ...; Hwang Sujin Reporter 2025.02.16

Famous Travel YouTuber 'Pani Bottle' Criticizes Problems During Gyeongju Trip: Gyeongju, South Korea – Famous travel YouTuber 'Pani Bottle' (Park Jae-han), who has 2.39 million subscribers, recently uplo ...; Hwang Sujin Reporter 2025.02.16

Starbucks Korea's Valentine's Day Pink Reusable Cup Event Creates a Frenzy: Suwon, South Korea – Starbucks Korea's Valentine's Day promotion, offering a free pink reusable cup with the purchase of sel ...; Hwang Sujin Reporter 2025.02.15

Santa Elena Bakery: A Sweet Success Story Facing Bitter Challenges: In the heart of Medellín, Colombia, amidst the vibrant energy of Carrera Bolívar and Calle Barbacoas, stands a culin ...; Hwang Sujin Reporter 2025.02.14

Valentine's Day Spending in Peru Projected to Reach $165 Million: LIMA – Valentine's Day is a significant boon for retailers in Peru, and this year's campaign, taking place in the first half ...; Pedro Espinola Special Correspondent 2025.02.14

Mercadona Maintains Dominant Position in Spanish Grocery Market Amidst Growing Competition: Madrid, Spain – Mercadona has solidified its leading position in the Spanish grocery retail market in 2024, achieving the hi ...; Graciela Maria Reporter 2025.02.14

MasOrange Reports €7.388 Billion Revenue in 2024, a 1.5% Increase, with Adjusted EBITDA Up Nearly 11%: Madrid, Spain – MasOrange, the telecommunications company formed from the merger of Orange and MásMóvil in Spa ...; Graciela Maria Reporter 2025.02.14

Isuzu Showcases Modern Transport Technologies in Dodoma Exhibition: DODOMA – AI Mansour Auto EA Tanzania, the official dealer and distributor of Isuzu vehicles in Tanzania, has launched a thre ...; Hee Chan Kim Reporter 2025.02.14

Tanzania to Launch Fifth Oil and Gas Exploration Licensing Round: NEW DELHI – Tanzania has announced its plans to launch the Fifth Licensing Round for oil and gas exploration blocks in its d ...; Hee Chan Kim Reporter 2025.02.14

Taian International Horticultural Healing Expo Bolsters Global Recognition Organizing Committee Appoints 47 Overseas PR Ambassadors at AIPH Spring Meeting in Thailand: Taian, South Korea – The organizing committee for the 2026 Taian International Horticultural Healing Expo has taken a signif ...; HONG MOON HWA Senior Reporter 2025.02.14

Banks Accelerate 'Branch Diet', Focusing on Efficiency and Digital Services: Banks are rapidly reducing the number of their physical branches to improve efficiency by cutting costs and strengthening their no ...; Hwang Sujin Reporter 2025.02.14