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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Samsung Electronics Surpasses NVIDIA to Become Global Leader in Quarterly Operating Profit: SEOUL — Samsung Electronics has officially ascended to the top of the global corporate ladder in terms of quarterly operatin ...; Global Economic Times Reporter 2026.07.08

South Korea Unveils Bold Space Ambitions: Aiming for Sovereign Low-Orbit Satellite Network by 2035: SEOUL — The South Korean government has announced an ambitious "Space and Aerospace Industry Development Strategy," aimed at ...; KO YONG-CHUL Reporter 2026.07.04

LG Energy Solution-Honda Joint Venture Commences ESS Battery Cell Mass Production in the U.S.: JEFFERSONVILLE, Ohio — L-H Battery Company, the joint venture between LG Energy Solution and Honda, announced on July 3 that ...; Eunsil Ju Reporter 2026.07.04

Hanwha Announces 55 Trillion Won Investment to Propel South Korea as a Global AI Space Powerhouse: In a bold move to establish South Korea as a global leader in AI and aerospace, Hanwha Group announced on July 3rd that it will in ...; Kim Sungmoon Reporter 2026.07.04

South Korea to Implement Facial Recognition for Mobile Phone Activation Starting July 6: SEOUL — Starting July 6, South Koreans will be required to undergo a facial recognition verification process when activating ...; Hwang Sujin Reporter 2026.07.01

Wemade’s Founder Exits: Chinese Investment Firm NeoPulse Becomes Largest Shareholder in 920 Billion Won Mega-Deal: In a monumental shift that marks the end of an era for one of South Korea’s most prominent game developers, Park Kwan-ho, th ...; Ana Fernanda Reporter 2026.07.01

The Rising Cost of Play: Is Gaming Becoming an Exclusive Luxury?: Gaming, once considered an accessible form of entertainment, is rapidly transforming into a "luxury hobby" that demands a signific ...; Global Economic Times Reporter 2026.07.01

Resurgence in the Gaming Market: How Korean Developers Master the 'Chart Reversal' Through Strategic Content: The South Korean gaming industry, long a global powerhouse in live-service operations, is demonstrating a renewed vigor. By levera ...; Hwang Sujin Reporter 2026.06.29

HD Hyundai Electric’s Cheongju Campus: A Paradigm Shift in Smart Manufacturing for the AI Era: CHEONGJU, South Korea — In the rapidly evolving landscape of global energy infrastructure, HD Hyundai Electric is charting a ...; Desk 2026.06.29

The “AI-flation” Crisis: Memory Shortage Threatens Consumer Tech Ecosystem: The global technology industry is facing a monumental challenge as an unprecedented surge in demand for AI infrastructure triggers ...; Desk 2026.06.29

President Lee Challenges Opposition Claims Regarding Honam Semiconductor Cluster: SEOUL — President Lee Jae-myung has launched a direct counteroffensive against the People Power Party (PPP), which has chara ...; Hwang Sujin Reporter 2026.06.29

President Lee Jae-myung Unveils "Three Major Mega-Projects" to Drive National Leap Forward; Massive Honam Semiconductor Investment Announced: SEOUL – President Lee Jae-myung is set to preside over the "National Report Meeting on the Three Major Mega-Projects for Kor ...; KO YONG-CHUL Reporter 2026.06.29

Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation: At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on thr ...; Hwang Sujin Reporter 2026.06.27

Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante: BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO o ...; KO YONG-CHUL Reporter 2026.06.27

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput: The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinv ...; KO YONG-CHUL Reporter 2026.06.24

Supply Chain Hacking Alert: Tata Electronics Breach Exposes Sensitive Apple and Tesla Data: In a stark reminder of the mounting vulnerabilities within global technology supply chains, Tata Electronics, a key partner respon ...; Global Economic Times Reporter 2026.06.24

A New Era for the KOSPI: SK Hynix Surpasses Samsung Electronics as Top Market Cap Company: In a historic shift for the South Korean stock market, SK Hynix has overtaken Samsung Electronics to become the largest company on ...; ONLINE TEAM 2026.06.22

K-Beauty Sets Its Sights on Southeast Asia: A $11.1 Billion Market Opportunity by 2035: The South Korean cosmetics and beauty industry has identified Southeast Asia as its next major export frontier, following in the f ...; Hwang Sujin Reporter 2026.06.22

S. Korean Auto Industry Faces 'Triple Decline' in May, Despite Robust Growth in Eco-friendly Vehicles: SEOUL – South Korea's automotive industry experienced a rare "triple decline" in May, with production, exports, and domestic ...; Desk 2026.06.18

The Changing Landscape of K-Beauty Jobs: Big Names Shrink as ODM and Beauty-Tech Firms Lead Growth: SEOUL — The employment landscape within South Korea’s beauty industry is undergoing a rapid transformation, mirroring ...; KO YONG-CHUL Reporter 2026.06.18

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