Global Economic Times

2026.08.11 (Tue)
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SK Hynix Explores Strategic Sale of Stake in Chongqing Packaging Plant Valued at $3 Billion

South Korean memory chipmaker SK Hynix Inc. is reviewing options to sell a stake in its semiconductor packaging and testing facility located in Chongqing, China, according to industry sources and fore
SK Hynix Commits ₩54 Trillion to Build Advanced Mega Fabs in Yongin and Cheongju

SEOUL — SK Hynix Inc., the world’s leading manufacturer of high-performance artificial intelligence memory solutions, announced on August 7, 2026, a monumental board-approved investment of

Samsung and LG Accelerate 'African Localization' to Pioneer the New Frontier

Samsung Electronics and LG Electronics are sharply intensifying their localization strategies across Africa, positioning the continent as their next major "land of opportunity." This strat

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Lee Jae-yong Revives ‘Super-Gap’ DNA: Samsung Unveils zHBM, 8 Times Faster Than HBM5: Samsung Electronics has shocked the global semiconductor industry by introducing a groundbreaking next-generation memory architect ...; KO YONG-CHUL Reporter 2026.08.06

Lube Base Oil Emerges as Export Lifesaver for South Korean Refiners Amid Middle East Conflict: SEOUL — A severe supply disruption stemming from geopolitical turmoil and infrastructure damage in the Middle East has unexp ...; KO YONG-CHUL Reporter 2026.08.04

Hà Nội Mobilizes AI and E-Commerce Push Across SMEs to Fuel Double-Digit Economic Growth: HÀ NỘI — The municipal government of Hà Nội, in partnership with trade associations and technology leaders, is ...; Graciela Maria Reporter 2026.08.02

AI Technology Tackles Pedal Misapplication: SkyAutoNet's 'DrSafe' Designated as Official Public Procurement Innovation Product: SEOUL — In an era marked by growing public concern over sudden unintended acceleration and pedal misapplication accidents, a ...; Global Economic Times Reporter 2026.08.02

Interest Rates Emerge as Key Swing Factor for Metropolitan Housing Market in H2 2026: SEOUL — As housing prices remain elevated across the Seoul Metropolitan Area (SMA), borrowing costs have taken center stage ...; Desk 2026.08.02

South Korea’s July Exports Hit Record $98.9 Billion as Semiconductor Supercycle Powers Surge: SEOUL — South Korea’s monthly exports surged to nearly $100 billion in July, driven by an unprecedented boom in global ...; KO YONG-CHUL Reporter 2026.08.02

Amazon's Zoox Wins Historic U.S. Approval for Driverless Robotaxis Without Steering Wheels or Pedals: LAS VEGAS — In a major breakthrough for the autonomous vehicle industry, Amazon’s self-driving subsidiary, Zoox, has o ...; Global Economic Times Reporter 2026.08.01

The 95% Idle Crisis: Enterprise GPU Utilization Plummets to 5% as Tech Pioneers Offer Breakthrough Solutions: In the hyper-competitive global race for artificial intelligence dominance, corporate titans and enterprise software leaders have ...; Hwang Sujin Reporter 2026.08.01

Samsung Forecasts Memory Shortage to Endure Until 2028, Securing 70% of Capacity in Multi-Year Contracts: SEOUL — Samsung Electronics has issued a stark warning to the global technology ecosystem, projecting that the severe global ...; KO YONG-CHUL Reporter 2026.07.30

LG Electronics Hits Historic Q2 Highs as Home Appliances and Auto Parts Drive Explosive Growth: SEOUL — LG Electronics Inc. announced today that it delivered its strongest second-quarter financial performance in company ...; Global Economic Times Reporter 2026.07.30

Samsung Pushes to Break Ground on Taylor Fab 2 by Year-End, Targeting 2030 Mass Production: Samsung Electronics has formally announced plans to commence construction on its second semiconductor manufacturing facility in Ta ...; Global Economic Times Reporter 2026.07.30

KAIST and NVIDIA Partner to Establish $300 Million AI Joint Research Center in Korea: SEOU — The Korea Advanced Institute of Science and Technology (KAIST) announced on Friday that it will establish the "NVIDIA ...; Yim Kwangsoo Correspondent 2026.07.25

Hanwha Ocean Bolsters Alliances with U.S. Partners to Drive Forward "MASGA" Shipbuilding Initiative: WASHINGTON, D.C. — Major South Korean defense and commercial shipbuilder Hanwha Ocean has forged comprehensive strategic par ...; Eunsil Ju Reporter 2026.07.25

Alphabet’s Aggressive AI Capex Expansion Dispels ‘Peak-Out’ Fears, Triggering Powerful Semiconductor Rally: SEOUL & SILICON VALLEY — Concerns over an impending ‘peak-out’ in artificial intelligence (AI) investments a ...; Hwang Sujin Reporter 2026.07.24

Zeekr Celebrates 5th Anniversary by Setting New Guinness World Record for Electric Vehicle Drifting: SEOUL — Zeekr, the premium electric vehicle (EV) brand under China's Geely Holding Group, has marked its fifth anniversary w ...; Kim Sungmoon Reporter 2026.07.18

Robots Preserving the Taste of Kyochon’s ‘Honey Combo’: Automated Frying and Batter Dispensing Expand Nationwide: SEOUL — Kyochon F&B, the operator of South Korea's pioneer fried chicken franchise Kyochon Chicken, is rapidly expanding ...; Global Economic Times Reporter 2026.07.18

South Korea Sets 2027 Minimum Wage at 10,700 KRW per Hour, Rebounding to 3.7% Increase After Intense Negotiations: SEJONG — South Korea’s minimum wage for 2027 has been officially finalized at 10,700 KRW (approximately $7.80 USD) per ...; Desk 2026.07.16

US Pivots to 'Friend-Shoring' for Robotics Supply Chain: Expanding Horizons for Hyundai Motor Group: [SEOUL] — The United States is actively reorganizing its advanced robotics supply chain around trusted allies and strategic ...; Kim Sungmoon Reporter 2026.07.13

'The Jae-Chul Ryu Magic': LG Electronics Hits New Milestones in Q2 Performance: SEOUL — Amidst global economic headwinds and persistent geopolitical uncertainty, LG Electronics has achieved a historic sec ...; Kim Young Min Reporter 2026.07.08

Automation Drives Quality: A Look Inside Hanwha Aerospace’s Smart Engine Factory: CHANGWON, South Korea — In the high-stakes world of aerospace, where a single minute error can be catastrophic, Hanwha Aeros ...; KO YONG-CHUL Reporter 2026.07.08

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