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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2.6 Million Job Seekers Successfully Employed Through Local Philippine Employment Service Offices (PESOs) Since 2024: MANILA, Philippines – The Philippine Bureau of Local Employment (BLE) announced on Wednesday, July 9, that over 2.6 million ...; Kim Sungmoon Reporter 2025.07.10

Philippines Approves Import of 424,000 Tons of Sugar…Full Efforts to Stabilize Supply: On July 9, 2025, the Philippine Sugar Regulatory Administration (SRA) approved the import of 424,000 metric tons (MT) of refined s ...; Hwang Sujin Reporter 2025.07.10

Even Used Clothes Get Bought by Department Stores… Hyundai Department Store Fully Introduces Eco-Friendly Compensation Service 'Buy-Back': Hyundai Department Store is taking the lead in spreading a sustainable consumption culture by officially launching its 'Buy-Back' ...; Kim Sungmoon Reporter 2025.07.09

Gyeonggi Province Faces Deepening Shortage of 5,900 Bus Drivers, Seeks to Overcome Crisis with Ordinance to Train Transit Workers: As the shortage of transit workers for route buses in Gyeonggi Province deepens, the Gyeonggi Provincial Assembly is moving to ena ...; Hwang Sujin Reporter 2025.07.09

Bucheon City to Fully Operate '2025 Bucheon Festa Tour BIFAN Edition': Bucheon City is operating the '2025 Bucheon Festa Tour BIFAN Edition,' planned in conjunction with the 29th Bucheon International ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Produces and Distributes '2025 Youth Employment Support Guide': Daejeon City has produced and distributed the '2025 Youth Employment Support Guide' to help young people prepare for employment. T ...; KO YONG-CHUL Reporter 2025.07.08

Daejeon City Becomes First in Nation to Support Small Business Card Payment Communication Fees: Daejeon City is actively stepping up to help small business owners overcome the management crisis by becoming the first in the nat ...; HONG MOON HWA Senior Reporter 2025.07.08

Air Busan's Summer Vacation Special: Up to 80% Off International Flights from Busan/Incheon: Air Busan is holding a large-scale discount promotion for 23 international routes departing from Busan and Incheon, just in time f ...; Kim Sungmoon Reporter 2025.07.08

Samsung Electronics Aims to Defend Stock Price with ₩2.8 Trillion Share Buyback and Cancellation Amidst Q2 'Earnings Shock': Samsung Electronics is facing an 'earnings shock' after recording a provisional operating profit in the ₩4 trillion range for the ...; KO YONG-CHUL Reporter 2025.07.08

South Korea Moves to Drastically Improve Nurse Working Conditions, Address Night and Shift Work Issues: SEOUL, South Korea – The South Korean government is embarking on a comprehensive initiative to fundamentally reform the work ...; Hwang Sujin Reporter 2025.07.06

SKT Announces Large-Scale Compensation Plan for USIM Hacking Incident…Penalty Fee Waivers and Half-Price Telecom Bills: SK Telecom (SKT) has announced a comprehensive customer compensation plan, fully accepting the government's recommendation to waiv ...; Hwang Sujin Reporter 2025.07.04

Volvo Cars Korea Launches Plug-in Hybrid XC60 and XC90: Opening a New Horizon for Sustainable Mobility: Volvo Cars Korea has officially launched its Plug-in Hybrid (PHEV) SUVs, the XC60 PHEV and XC90 PHEV, in the domestic market, lead ...; Hwang Sujin Reporter 2025.07.04

Singapore's Financial Fortification Strategy: Institutionalizing Market Reforms to Attract Global Capital: Amidst the unstable international landscape, driven by US-China competition, regulatory changes in Hong Kong, and adjustments to J ...; Global Economic Times Reporter 2025.07.04

Singapore Car Market: BYD's Solo Run and Toyota's Chase: Just before leaving Singapore Changi International Airport, I heard an interesting prediction from a former Nissan colleague: "BYD ...; Ana Fernanda Reporter 2025.07.04

Okayama City Delegation Visits Bucheon, Deepening Friendship and Exchange: A delegation from Okayama City, Japan, a friendly international exchange city, officially visited Bucheon City from July 2nd to 3r ...; KO YONG-CHUL Reporter 2025.07.04

Asunción Stock Exchange Records US$3.43 Billion in H1 Transactions, Up 25.3% Year-on-Year: The Bolsa de Valores de Asunción (BVA), or Asunción Stock Exchange, recorded a total transaction volume of 27.2 tril ...; Yim Kwangsoo Correspondent 2025.07.04

Fines for Non-Payment of Increased Minimum Wage: Information You Can't Miss: Asunción, Paraguay – As of July 1, 2025, Paraguay's minimum wage has been increased and is now in effect. Accordingly ...; Pedro Espinola Special Correspondent 2025.07.04

Asunción City Development Committee (Codeasu) Proposes Direct Passenger Subsidies to Solve Public Transportation Issues: ASUNCIÓN, PARAGUAY – Grappling with persistent public transportation problems, Asunción is exploring new solut ...; Yim Kwangsoo Correspondent 2025.07.04

El Salvador Opens its Market to Paraguayan Beef: Paraguayan beef is entering the Salvadoran market. The National Service of Animal Health and Quality (SENACSA) of Paraguay announc ...; Ana Fernanda Reporter 2025.07.04

Migone-Farmacenter Forge Strategic Alliance to Offer Exclusive Benefits: ASUNCION, Paraguay – Servicios Médicos Migone (SMM), a leading healthcare service provider in Paraguay, and Farmacent ...; Ana Fernanda Reporter 2025.07.04

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