Global Economic Times

2025.10.29 (Wed)
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4 Korean Teams Win at the Inaugural 2025 OKTA Global Startup Competition

Songdo, Incheon – The final round of the '2025 OKTA Global Startup Competition,' hosted by the World Federation of Overseas Korean Traders Associations (World-OKTA), was held at Songdo C
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

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Franchise Industry Surpasses 300,000 Outlets in South Korea: Seoul, South Korea – The number of franchise outlets in South Korea exceeded 300,000 for the first time last year, according ...; ONLINE TEAM 2024.12.25

Online Shopping Scams Surge During Pandemic, Shift in Tactics and Targets: Seoul, South Korea – The COVID-19 pandemic has led to a significant shift in the tactics and targets of online shopping scam ...; Desk 2024.12.25

Crypto Investment Surges in South Korea as Trump Victory Boosts Market: Seoul, South Korea – The number of cryptocurrency investors in South Korea has surpassed 15 million for the first time, acco ...; Desk 2024.12.25

Mexico's Inflation Slows for Third Consecutive Fortnight: Mexico City, Mexico – Mexico’s inflation rate continued its downward trend, decelerating for the third consecutive for ...; Ana Fernanda Reporter 2024.12.25

Mercadona to Boost Employee Salaries by 8.5% in 2025: Madrid, Spain – Mercadona, one of Spain's largest supermarket chains, has announced a significant 8.5% salary increase for i ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

El Salvador Eyes New Trade Deal with Mercosur, Opening Up Southern Markets: San Salvador, El Salvador – The Salvadoran Corporation of Exporters (Coexport) has expressed enthusiasm over the potential f ...; Ana Fernanda Reporter 2024.12.24

Kwale Governor Invites Investors, Seeks Indonesian Collaboration: Kwale, Kenya - Kwale Governor Fatuma Achani has extended an invitation to both local and international investors to consider inves ...; Graciela Maria Reporter 2024.12.23

Korean Air Expands In-Flight Wi-Fi Service: Seoul, South Korea – Korean Air has significantly expanded its in-flight Wi-Fi service, with one in four of its fleet now eq ...; Hwang Sujin Reporter 2024.12.23

Kakao Commits to Substantial Shareholder Returns: Kakao, a leading South Korean technology company, has announced a significant enhancement to its shareholder return policy. The co ...; JEONG CHAN MYEONG Senior Reporter 2024.12.22

South Korea Expedites SME Support Programs to Boost Economy: The South Korean government is racing to bolster its economy by fast-tracking the implementation of next year's budget and expandi ...; Desk 2024.12.22

Grau Avenue Merchants Given 10-Day Ultimatum to Improve Safety Measures: Lima, Peru – December 21, 2024 – The Superintendence of Labor Inspection (Sunafil) has issued a 10-day deadline for th ...; Pedro Espinola Special Correspondent 2024.12.22

Peru's Retail Sector to See 5% Increase in Holiday Sales: Lima, Peru – Peru's retail industry is poised for a strong holiday season, with projected sales of 14 billion soles, a 5% in ...; Ana Fernanda Reporter 2024.12.22

Australian Brewers Urge Government to Slash Beer Tax to Save Industry: Sydney, Australia - Leading Australian brewers are calling for a significant reduction in the country's controversial beer tax, wa ...; Graciela Maria Reporter 2024.12.21

Australian superannuation falls short for comfortable retirement: Australians are warned they may not have enough saved in their superannuation for a comfortable retirement despite mandatory emplo ...; Pedro Espinola Special Correspondent 2024.12.21

Saudi Arabia Cuts Interest Rate in Line with US Fed, Third Reduction This Year: Riyadh – Saudi Arabia's central bank, SAMA, has lowered its benchmark interest rate for the third time this year, mirroring ...; Graciela Maria Reporter 2024.12.21

Hyundai Unveils All-New Palisade with Enhanced Features and Performance: Seoul, South Korea – Hyundai Motor Company has announced the start of pre-orders for its flagship large SUV, the all-new Pal ...; Desk 2024.12.21

Samsung Secures $4.75 Billion US Chip Subsidy Amidst Political Transition: Austin, Texas – Samsung Electronics has received final approval for a $4.75 billion US government subsidy to expand its semi ...; ONLINE TEAM 2024.12.21

Seoul Maintains Top Spot in South Korea's Regional Income: Seoul, South Korea – Seoul has once again solidified its position as the wealthiest region in South Korea, according to the ...; Desk 2024.12.21

South Korea Eases Foreign Exchange Restrictions to Stabilize Market: Seoul, South Korea – The South Korean government has announced a series of measures to ease restrictions on foreign exchange ...; Desk 2024.12.21

General Government Deficit Widens in Q3 2024: Helsinki, Finland – Finland's general government deficit expanded by €1.7 billion year-on-year in the third quarter of ...; Ana Fernanda Reporter 2024.12.19