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 to Launch Fully Autonomous Robotaxi Service in June, Plans for Low-Cost EV: Tesla is set to revolutionize urban transportation with the launch of its robotaxi service in June. CEO Elon Musk announced the am ...; Yim Kwangsoo Correspondent 2025.01.31

China's AI Offensive Intensifies, Challenging US Dominance: The reverberations of DeepSeek, a Chinese AI model delivering ChatGPT-level performance at a fraction of the cost, continue to sha ...; KO YONG-CHUL Reporter 2025.01.31

Korean Memory Industry Closely Monitoring Global Market Trends Following the Emergence of Chinese AI Model 'DeepSeek R1': The Korean memory industry is closely monitoring global market trends following the emergence of the Chinese artificial intelligen ...; KO YONG-CHUL Reporter 2025.01.31

Chợ Lách: A Blossoming Hub of Horticultural Excellence: Bến Tre's Chợ Lách District, renowned as the "kingdom of seedlings, flowers, and ornamental plants," is a vital center for ...; Eugenio Rodolfo Sanabria Reporter 2025.01.30

Hải Phòng Seaport Targets 112 Million Tonnes Cargo Handling in 2025: HẢI PHÒNG – The Hải Phòng seaport system aims to handle 112 million tonnes of cargo in 2025, according to Dire ...; Global Economic Times Reporter 2025.01.30

Busan Emerges as a Global Hub for Green Shipbuilding R&D: Busan, South Korea – The coastal city of Busan is rapidly positioning itself as a global leader in green shipbuilding and ad ...; JEONG CHAN MYEONG Senior Reporter 2025.01.30

Senior Employment in South Korea Reaches Record High: Seoul, South Korea – South Korea’s aging population has led to a surge in senior employment, with the economic partici ...; KO YONG-CHUL Reporter 2025.01.30

AI-Generated Content Revolutionizes Game Development: Seoul, South Korea – The gaming industry is undergoing a significant transformation as generative AI accelerates game develo ...; Min Gyu Mi Reporter 2025.01.30

Soaring Debt Among South Korean Self-Employed Amidst Economic Downturn: Seoul, South Korea – The number of self-employed South Koreans struggling to repay their loans has surged by over 40% in the ...; Desk 2025.01.30

South Korea's 40s Workforce Shrinks to 20-Year Low: Seoul, South Korea – South Korea's 40-year-old workforce, a critical pillar of the nation's economy, has continued to declin ...; ONLINE TEAM 2025.01.30

Gravity Shampoo Achieves 4 Consecutive Sell-Outs on Lotte Home Shopping: Seoul, South Korea – Gravity, a functional hair care brand developed by Polyphenol Factory, a startup founded by Kaist chemi ...; Hwang Sujin Reporter 2025.01.30

Everobot's Bedding Robot Vacuum Cleaner Drives Sales Growth: Seoul, South Korea – Everobot, a leading AI service robot company, is experiencing a surge in sales expectations following t ...; Desk 2025.01.29

China Builds Massive Laser Fusion Facility: China is constructing a massive laser fusion research facility in Mianyang, southwestern China, according to satellite imagery ana ...; KO YONG-CHUL Reporter 2025.01.29

Seoul Apartment Rents Surge Amidst Villa Rental Decline: Seoul, South Korea – A recent surge in rental prices for small apartments in Seoul and other parts of the metropolitan area ...; Hwang Sujin Reporter 2025.01.29

Incheon Motels Fined for Price-Fixing and Amenity Fees: Incheon, South Korea – A group of motel operators in Incheon's Jung-gu district have been fined by the Fair Trade Commission ...; KO YONG-CHUL Reporter 2025.01.28

Global and South Korean Ad Markets Poised for Growth Amidst Uncertainties: Seoul, South Korea – Despite global economic uncertainties and domestic political turmoil, both the global and South Korean ...; Desk 2025.01.28

Foreign Job Seekers in Korea on the Rise, Dedicated Platforms Emerge: Seoul, South Korea – As the number of foreign workers in South Korea surpasses one million, dedicated recruitment platforms ...; Desk 2025.01.28

South Korea Aims to Build 2.7 Million New Homes Amidst Housing Crisis: Seoul, South Korea – The South Korean government has unveiled an ambitious plan to construct 2.7 million new homes over the ...; Hwang Sujin Reporter 2025.01.27

Vietnam Accelerates Semiconductor Industry Development: HÀ NỘI — The Ministry of Industry and Trade (MoIT) is accelerating efforts to fast-track the country's semiconductor ...; Graciela Maria Reporter 2025.01.26

Vietnam's Electronics Industry Booms in 2024: Vietnam's electronics industry experienced a remarkable surge in 2024, with exports reaching a staggering $126.5 billion. This imp ...; Global Economic Times Reporter 2025.01.26