Global Economic Times

2026.08.12 (Wed)
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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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Chile Accelerates Energy Transition with Massive Battery Energy Storage System (BESS) Expansion: Chile is ramping up grid stabilization and energy transition efforts through large-scale Battery Energy Storage System (BESS) proj ...; Pedro Espinola Special Correspondent 2025.10.08

Peru Tourism Relaunches Strategy to Target the South Korean Market with 'My Peru Story 2' Campaign: The Commission for the Promotion of Exports and Tourism (PromPerú) has launched its second large-scale campaign, "My Peru S ...; Hwang Sujin Reporter 2025.10.08

Delays Plague Boeun's Third Industrial Complex; Groundbreaking Pushed to October Next Year: BOEUN — The development of the Boeun 3rd Industrial Complex in the area of Sajik-ri and Goseung-ri, Tanbu-myeon, is facing a ...; Hwang Sujin Reporter 2025.10.05

UK Poised to Lead Europe in Direct-to-Device Satellite Connectivity: London — The United Kingdom is fast positioning itself as a leader in the next generation of telecommunications, specificall ...; Eugenio Rodolfo Sanabria Reporter 2025.10.05

SNS Market Soars Threefold in Korea, Driven by Women and the 30s Demographic: The South Korean market for goods sold through Social Network Services (SNS markets), such as Instagram and Facebook, has experien ...; Ana Fernanda Reporter 2025.10.05

Electric Vehicle Market in South Korea: A Youth-Driven Revolution: The South Korean electric vehicle (EV) market is undergoing a significant demographic shift, with younger generations, particularl ...; Global Economic Times Reporter 2025.10.05

Apple Pivots Strategy: Smart Glasses Take Center Stage, Vision Pro Redesign Paused: SAN FRANCISCO — Apple is reportedly shifting its hardware development priorities, temporarily suspending plans for a major o ...; KO YONG-CHUL Reporter 2025.10.03

Convenience Stores Cash In as Chinese Tourists Return to Myeongdong: SEOUL—South Korea’s convenience store sector is experiencing a significant uplift, particularly in major commercial di ...; Shin Yeju 2025.10.02

Hyundai Motor and Kia Achieve 'Double-Digit Growth' in U.S. Market in September... Record-High Quarterly Performance: Hyundai Motor Company and Kia continued their strong performance in the U.S. market in September, recording double-digit sales gro ...; Eugenio Rodolfo Sanabria Reporter 2025.10.02

MBA Programs Drive Korea's AI Talent Surge: A New Era of Corporate Leadership: SEOUL, South Korea - Korean MBA programs are undergoing a radical re-engineering, positioning themselves as critical incubators fo ...; KO YONG-CHUL Reporter 2025.10.01

Future of Mobility: Japan's Auto Giants Eye Electric Cars and Aircraft at Show: TOKYO—With the highly anticipated Japan Mobility Show 2025 fast approaching, global attention is fixed on Tokyo as major Jap ...; KO YONG-CHUL Reporter 2025.10.01

South Korea's Tourism Sector Soars, Exceeding Pre-Pandemic Levels: SEOUL – South Korea's tourism industry is experiencing a remarkable rebound, with a significant increase in foreign visitors ...; Shin Yeju 2025.09.30

U.S. Gaming Giant Electronic Arts to Go Private in Record $55 Billion Buyout: NEW YORK—Electronic Arts (EA), the powerhouse U.S. video game publisher known for blockbuster franchises like Battlefield, F ...; Pedro Espinola Special Correspondent 2025.09.30

South Korea Unveils Visa-Free Travel for Chinese Tourists, Igniting Tourism Boom: South Korea's tourism sector is buzzing with excitement as a temporary visa-free entry policy for Chinese group tourists officiall ...; Hwang Sujin Reporter 2025.09.29

Global Machine Tool Industry Rattled by South Korea-Led M&A Blitz: The global machine tool industry, often called the "mother machine" sector for its role as the backbone of manufacturing, is under ...; Pedro Espinola Special Correspondent 2025.09.29

Starbucks Initiates $1 Billion North American Overhaul Amidst Performance Woes: SEATTLE — Global coffee behemoth Starbucks has announced a sweeping $1 billion restructuring plan for its North American ope ...; Desk 2025.09.26

Chinese Electric Commercial Vehicles Accelerate Entry into Korean Market with NCM Batteries: Chinese electric commercial vehicle manufacturers are rapidly increasing their presence in the South Korean market, a trend that f ...; Shin Yeju 2025.09.25

Imported Car Brands Spark a Fierce Discount War in South Korea: SEOUL — South Korea’s imported car market is currently at the center of a heated discount war. As brands head into the ...; Shin Yeju 2025.09.25

S. Korea's Petrochemical Giants Face Restructuring Test Amid Debt Crisis: SEOUL—South Korea's petrochemical industry, burdened by an astonishing 32.8 trillion won ($24.6 billion) in bank loans as of ...; Yim Kwangsoo Correspondent 2025.09.25

Kia Counters U.S. Tariffs on Mexican Cars with Latin American Strategy: SEOUL – Amid stalled follow-up tariff negotiations between South Korea and the U.S., the American decision to impose high ta ...; Desk 2025.09.24