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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PY01 Highway Expansion Project: Operator Selection Nearing: ASUNCIÓN – The Paraguayan Ministry of Public Works and Communications (MOPC) is accelerating the PY01 highway expansi ...; Eugenio Rodolfo Sanabria Reporter 2025.07.16

Trump's Tariff War Escalates: 30% Tariffs Announced on EU and Mexico: WASHINGTON D.C. — President Donald Trump announced on his social media platform, Truth Social, on the 12th (local time) that ...; KO YONG-CHUL Reporter 2025.07.13

The Jeonbuk traditional markets are aiming to revitalize the local economy with a relay of festivals until the end of the year.: Jeollabuk-do announced that it will hold a series of diverse themed festivals at 9 traditional markets across the province until t ...; Yim Kwangsoo Correspondent 2025.07.13

Incheon Airport Maglev to Resume Operations in September as a 'Tourism and Experience' Facility, Losing its Status as Urban Railway: The Incheon Airport Maglev is set to resume operations from September, transforming from an urban railway into a tourism and exper ...; Min Gyu Mi Reporter 2025.07.13

'Sodium battery mass production: 82 places in China vs. only 1 in Korea'... South Korea's crisis in the next-generation battery war: A warning has been sounded that South Korea is significantly lagging behind China in the field of sodium batteries, which are emer ...; KIM YOUNG MIN 2025.07.12

Don Quijote Pop-up Lands in Korea, Drawing 1,000 People Daily… A Bridgehead for Official Entry?: On the morning of July 12, 2025, the B1 floor of The Hyundai Seoul in Yeouido, Seoul, was bustling with an unusual vibrancy, a sta ...; Hwang Sujin Reporter 2025.07.12

Canada's Pharmaceutical Industry on High Alert Over Trump's 200% Tariff Threat: WASHINGTON D.C. – The Canadian pharmaceutical industry has been put on high alert following President Donald Trump's announc ...; KO YONG-CHUL Reporter 2025.07.12

2025 Minimum Wage Confirmed at KRW 10,320: Records Lowest Ever Increase Rate, Agreement Reached After Difficult Negotiations: Next year's minimum wage has been finally decided at KRW 10,320 per hour (monthly equivalent: KRW 2,156,880), a 2.9% increase from ...; Desk 2025.07.11

Daejeon Agricultural Technology Center to Conduct Joint Rice Pest Control with Agricultural Drones: The Daejeon Agricultural Technology Center will support a joint pest and disease control project for 485 rice-cultivating farms, c ...; Global Economic Times Reporter 2025.07.11

Chungnam's West Sea Fishing Villages and Ports Map to Be Significantly Transformed: The Korea National Agency of Fisheries and Fishing Villages (FIPA) West Sea Branch Office, which settled in Naepo New Town for the ...; HONG MOON HWA Senior Reporter 2025.07.11

Canada's Aisa Group to Build 1GW Solar Power Plant in Argentina, Signaling Shift in South American Renewable Energy Market: BUENOS AIRES, Argentina - Canadian energy development company Aisa Group is pursuing a project to construct a massive 1-gigawatt ( ...; Global Economic Times Reporter 2025.07.10

Autonomous a2z, Hand-in-Hand with Grab, Ushers in Singapore's First Urban Autonomous Shuttle Era: Autonomous a2z (hereinafter referred to as a2z), a South Korean autonomous driving startup, has officially launched an autonomous ...; Hee Chan Kim Reporter 2025.07.10

Agricultural Losses Expected to Decrease Due to Improved Weather Conditions – Philippine Department of Agriculture: The Philippine Department of Agriculture (DA) announced on the 9th that it expects a significant reduction in damages to the agric ...; Kim Sungmoon Reporter 2025.07.10

Lotte Wellfood Begins Local Production of 'Pepero' in India, Accelerating Global Market Expansion: Lotte Wellfood has established its first overseas production base for its flagship snack, 'Pepero,' in India, marking a full-fledg ...; Kim Sungmoon Reporter 2025.07.09

Busan's Redevelopment of Aging Planned Cities Finally Takes Its First Step: Busan Metropolitan City has announced the commencement of a large-scale redevelopment project aimed at improving the residential e ...; Hee Chan Kim Reporter 2025.07.09

Daejeon City's Industrial Complex Development "On Track"... Accelerating Transition to a Production-Oriented Economic City: Large-scale industrial complex development and urban development projects that will change the future of Daejeon are progressing s ...; HONG MOON HWA Senior Reporter 2025.07.09

Daejeon City, Jung-gu Daeheung-dong New:Village Urban Regeneration Project Kicks Off: Daejeon City is set to fully launch the 'New Village Urban Regeneration Project' in the Daeheung-dong area of Jung-gu, investing a ...; Hwang Sujin Reporter 2025.07.08

Regulations are Turtles, Platforms are Cheetahs: Evolving Methods of Legal Evasion: "The act of observing changes the object being observed." This quote by quantum mechanics giant Heisenberg applies particularly sh ...; Hwang Sujin Reporter 2025.07.08

Sejong National Pilot Smart City Gains Momentum with Comprehensive 2025 Implementation Plan: Sejong City, South Korea – The development of Sejong National Pilot Smart City, a cornerstone project for South Korea's urba ...; Yim Kwangsoo Correspondent 2025.07.06

2025 Korea SME Expo Kicks Off in Busan, Showcasing National Innovation and Economic Backbone: BUSAN – The "2025 Korea SME Expo" officially commenced its three-day run on July 3rd at BEXCO Exhibition Hall 1, Hall 2B, in ...; Yim Kwangsoo Correspondent 2025.07.06