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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Tesla's Bold Bet in China: A New Megafactory Amidst Trade Tensions: Tesla has officially launched its first overseas Megafactory in Shanghai, China, marking a significant milestone in the company's ...; Sharon Yoon Correspondent 2025.02.12

Spacebay, a Korean satellite separation system and launch service provider, has partnered with German launch service provider Exolaunch to enter the small satellite commercial launch service market.: Spacebay, founded in 2017 by a researcher from the KAIST Artificial Satellite Research Institute, is the only company in Korea tha ...; KO YONG-CHUL Reporter 2025.02.11

Wemade Launches 'Golf Super Crew' Globally: Wemade has announced the global launch of its new mobile golf game, 'Golf Super Crew'. Developed by Two Hands Games, a studio comp ...; Desk 2025.02.11

GICON Secures Additional Funding for ICT Innovation Square Project: Gwangju, South Korea – The Gwangju Information & Culture Industry Promotion Agency (GICON) announced on November 11th th ...; Desk 2025.02.11

Kidney Disease Drug Finerenone Shows Promise in Reducing Diabetes Risk: A recent study has shown that the kidney disease drug finerenone (Kerendia) may also be effective in reducing the risk of developi ...; Hwang Sujin Reporter 2025.02.11

South Korea Boosts Nuclear Power Investment Amid Growing Global Demand: SEOUL – South Korea is significantly increasing its investment in the nuclear power industry, earmarking 150 billion won ($1 ...; Yim Kwangsoo Correspondent 2025.02.11

South Korea to Expand Agricultural Aid to 50 Nations by 2029: SEOUL – South Korea has announced a significant expansion of its official development assistance (ODA) program in the agricu ...; Eugenio Rodolfo Sanabria Reporter 2025.02.11

POSCO's High Manganese Steel: A Game Changer for LNG and Beyond: Seoul, South Korea – POSCO, the leading South Korean steelmaker, has announced significant progress with its independently d ...; KO YONG-CHUL Reporter 2025.02.11

BYD's Entry into Korean EV Market Sparks Data Leak Concerns: SEOUL – The recent arrival of Chinese electric vehicle (EV) maker BYD in the South Korean passenger car market has ignited c ...; KO YONG-CHUL Reporter 2025.02.11

Jeju Agricultural Technology Center to Supply 7 Tons of Hydroponic Seed Potatoes for Spring Crops in 2025: Jeju Agricultural Technology Center (Director Koh Sang-hwan) announced on the 10th that it will supply 7 tons of hydroponic seed p ...; Yim Kwangsoo Correspondent 2025.02.10

Hyundai Launches Casper Electric Cross with Off-Road Design: SEOUL – Hyundai Motor Company unveiled the Casper Electric Cross on February 10th, a new model of its popular Casper Electri ...; KO YONG-CHUL Reporter 2025.02.10

LG Energy Solution to Operate Korea's Largest Offshore Wind Farm: SEOUL – LG Energy Solution has been selected as the operator of the renewable energy bidding service for the Jeju Hallim Off ...; ONLINE TEAM 2025.02.10

EyesVision and Playzy Partner to Launch Customized Plan for Kids Watch Phones: EyesVision announced on the 10th that it has launched a customized plan for kids watch phone users, the "Playzy Exclusive Plan," i ...; Desk 2025.02.10

Korean Battery Trio Pin Hopes on North America After Q4 Slump: The Korean battery industry is facing a crisis as the nation's three major players, LG Energy Solution, Samsung SDI, and SK On, al ...; Eunsil Ju Reporter 2025.02.10

The average sale price of apartments nationwide has fallen to its lowest level in 22 months, but industry officials say it is a temporary phenomenon.: According to data from Real Estate R114, the average sale price of apartments nationwide in January was 16.28 million won per 3.3㎡ ...; ONLINE TEAM 2025.02.10

Korea Zinc Strengthens Strategic Mineral Production Amidst Global Supply Chain Concerns: Ulsan, South Korea – Following a recent extraordinary shareholders' meeting focused on internal cohesion and productivity en ...; ONLINE TEAM 2025.02.10

Ulsan Port Authority Recognized for Integrity, Blocks Access to DeepSeek AI: Ulsan, South Korea – The Ulsan Port Authority (UPA) announced on February 9th that it has been selected as an exemplary inst ...; Global Economic Times Reporter 2025.02.10

New High-Yield, Disease-Resistant Sesame Variety 'Hero' to be Distributed in Korea: The Rural Development Administration (RDA) has announced the development and distribution of a new sesame variety called 'Hero'. T ...; Desk 2025.02.10

LH Introduces New Construction Methods to Drastically Reduce Noise in Apartments: Seoul, South Korea – The Korea Land & Housing Corporation (LH) has announced the implementation of new construction meth ...; Min Gyu Mi Reporter 2025.02.10

Gyeongnam Agricultural Technology Center Develops Diagnostic Kit and Control Method for Pepper Hairy Root Disease: The Gyeongnam Agricultural Technology Center announced on the 9th that it held an evaluation meeting for the research project 'Ana ...; Desk 2025.02.10