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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South Korea's Housing Market: A Tale of Two Trends: Seoul, South Korea – As South Korea grapples with a declining population, a paradox is emerging in its housing market: the n ...; Desk 2024.12.29

South Korea Maintains Strong R&D Investment, Leading in Researcher Numbers: Seoul, South Korea – South Korea has continued to demonstrate a strong commitment to research and development, according to ...; Desk 2024.12.29

Nonsan Designates Land for Future Defense Research Center, Imposes Development Restrictions: Nonsan, South Korea – In a move aimed at preventing real estate speculation and ensuring the smooth development of a cutting ...; HONG MOON HWA Senior Reporter 2024.12.29

Global Shift Towards LED Lighting as Nations Phase Out Mercury-Containing Lamps Article Body:: Tokyo, Seoul – In a significant move towards environmental sustainability, Japan and South Korea have announced plans to pha ...; Graciela Maria Reporter 2024.12.29

ASML CEO: China's Semiconductor Industry Lags 10-15 Years Behind: Amsterdam, Netherlands – ASML Holding, the world's leading supplier of lithography machines used to manufacture semiconducto ...; Ana Fernanda Reporter 2024.12.29

Jeju Cruise Tourism Soars, Setting Records and Boosting Local Economy: Jeju Island is experiencing a surge in international cruise tourism, with over 600,000 visitors expected to arrive in 2024. This s ...; Hwang Sujin Reporter 2024.12.28

China's Manufacturing Surge Poses Growing Threat to South Korea's Industries: Daegu, South Korea – The meteoric rise of China's manufacturing sector, fueled by government support, is casting a long shad ...; Desk 2024.12.28

AI-Powered Patrol Robot Showcases Promise for Unmanned Services: Seoul, South Korea – DogooGonggan, a specialized company in AI-powered autonomous patrol robots, and MaumAI, an AI solution ...; KO YONG-CHUL Reporter 2024.12.28

EuclidSoft Demonstrates AI Expertise with New Visual Data: Seoul, South Korea – EuclidSoft, a leading AI data solutions provider, has successfully completed a data construction projec ...; Desk 2024.12.28

Smartphone Makers Vie for Slimness as Industry Seeks New Growth: Seoul, South Korea – The global smartphone market, once characterized by rapid innovation and growth, is now experiencing a ...; Desk 2024.12.28

Thousands of New Homes to Hit the Market in South Korea: Seoul, South Korea – A surge in new housing developments is expected to mark the beginning of the new year in South Korea, w ...; Hwang Sujin Reporter 2024.12.28

BYD Dominates Hungarian Electric Vehicle Market: Budapest, Hungary – BYD, the world's leading manufacturer of new energy vehicles (NEVs), is making significant strides in th ...; Graciela Maria Reporter 2024.12.27

Former House Speaker Proposes Hydrogen Vehicle Initiative in Puerto Rico: San Juan, Puerto Rico – Former House Speaker José Aponte announced today that he will be introducing a resolution in ...; Global Economic Times Reporter 2024.12.27

China's High-Speed Rail Network Expands to 47,000 Kilometers: China's high-speed rail network has reached a remarkable milestone, surpassing 47,000 kilometers in total length, according to the ...; Desk 2024.12.27

Hotel Shilla and Jeju Tourism Organization Join Forces to Revitalize Jeju Tourism: Seoul, South Korea – Hotel Shilla announced today that it has signed a memorandum of understanding (MOU) with the Jeju Touri ...; Desk 2024.12.27

LG Electronics Wraps Up First Ambassador Program, Showcasing Genuine Customer Experiences: Seoul, South Korea – LG Electronics has successfully concluded its inaugural Ambassador program, a unique initiative designe ...; KO YONG-CHUL Reporter 2024.12.26

LG Electronics Named to Dow Jones Sustainability Index for 13th Consecutive Year: Seoul, South Korea – LG Electronics has been named to the Dow Jones Sustainability Index (DJSI) World for the 13th consecuti ...; KO YONG-CHUL Reporter 2024.12.26

Hyundai Mobis Hosts Annual 'M-Pils Festa' to Celebrate Employee Innovation: Yong-in, South Korea – Hyundai Mobis, a leading automotive parts supplier, held its annual 'M-Pils Festa' on December 23rd, ...; Global Economic Times Reporter 2024.12.26

Hyundai AutoEver Partners with Incheon International Airport to Enhance Mobility Services: Incheon, South Korea – Hyundai AutoEver, a leading IT services company, has announced a new partnership with Incheon Interna ...; Desk 2024.12.26

Kia Unveils Innovative Compact SUV, Syros, in India: New Delhi, India – Kia Corporation has unveiled its latest innovation, the Syros, a sub-4-meter compact SUV, making its glob ...; Eugenio Rodolfo Sanabria Reporter 2024.12.26