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 Korean Snack Food Prices Soar Amidst Rising Ingredient Costs: Seoul, South Korea – Several leading South Korean snack food manufacturers have announced price increases for a wide range o ...; KO YONG-CHUL Reporter 2024.11.29

HD Hyundai Achieves Breakthrough in Autonomous Shipping with Remote Control Integration: Ulsan, South Korea – HD Hyundai has announced a significant milestone in the development of autonomous shipping technology. ...; Desk 2024.11.29

South Korea Launches World's First Ammonia-Blended Fuel Ship: Goseong, South Korea – Ikei Heavy Industries launched the world's first ammonia-blended fuel ship on November 27th. This gro ...; Global Economic Times Reporter 2024.11.29

LG Chem Wins Prestigious Presidential Award for Innovative, Eco-Friendly Packaging Material: LG Chem, a leading global chemical company, has been awarded the prestigious Presidential Award at the 2024 Korea Industrial Techn ...; ONLINE TEAM 2024.11.29

LG H&H's Elastine Launches New Signature Blanc Musc Shampoo and Treatment: LG Household & Health Care (LG H&H), a leading South Korean cosmetics company, has announced the launch of a new addition ...; Desk 2024.11.29

CJ CheilJedang and Kurly Launch Unique Purple Sweet Potato Bungeoppang: CJ CheilJedang, a leading South Korean food company, announced today the launch of a new collaborative product with Kurly, a popul ...; Desk 2024.11.29

Kolon Industries Doubles Aramid Pulp Production, Strengthening Position in High-Value Market: Kolon Industries, a leading South Korean materials company, has successfully completed the expansion of its aramid pulp production ...; Global Economic Times Reporter 2024.11.29

Kolon Global Recognized for Technological Excellence with Dual Ministerial Awards: Kolon Global, a leading South Korean construction company, has been recognized for its technological advancements, receiving both ...; Global Economic Times Reporter 2024.11.29

Polestar 4 Starts Deliveries in South Korea: Polestar, the electric performance car brand, has begun deliveries of its first-ever electric SUV coupe, the Polestar 4, in South ...; Desk 2024.11.29

South Korean Youth Face Tough Job Market, Prioritize Work-Life Balance: Seoul, South Korea – A recent survey conducted by the Korea Employers Federation (KEF) reveals a bleak outlook for young job ...; Hwang Sujin Reporter 2024.11.29

Lotte Group Announces Major Leadership Reshuffle, Promotes Third-Generation Heir: Seoul, South Korea – Lotte Group has announced a significant leadership overhaul, marking one of the largest-scale executive ...; Desk 2024.11.29

Foreigners Own Nearly 5% of South Korea's Housing: Most Held by Chinese: Seoul, South Korea – A recent report by the Ministry of Land, Infrastructure, and Transport has revealed that foreign nation ...; Desk 2024.11.29

Korean Air and Asiana Airlines Merger Nears Completion: Seoul, South Korea – Korean Air announced on Monday that the European Commission (EC) has conditionally approved the merger ...; Desk 2024.11.29

Harmful Substances Found in Most Tattoo Inks: Seoul, South Korea – A recent study by the Korea Consumer Agency has revealed that a significant number of tattoo inks sold ...; Desk 2024.11.28

Hyundai and Kia Launch Wearable Robot to Boost Worker Safety: Seoul, South Korea – Hyundai Motor Company and Kia Corporation have unveiled a new wearable robot, the X-ble Shoulder, desig ...; Desk 2024.11.28

South Korean Court Orders Nexon to Refund Players Over Altered Game Item Drop Rates: Seoul, South Korea – In a landmark ruling, the South Korean Supreme Court has ordered Nexon, a major South Korean game devel ...; Hwang Sujin Reporter 2024.11.28

South Korea's Corporate Profitability Plunges Despite Government Efforts: Seoul, South Korea – Despite government initiatives aimed at boosting corporate value, South Korea's major companies have se ...; ONLINE TEAM 2024.11.28

Samsung SDI Appoints New CEO, Reshuffles Leadership: Seoul, South Korea – Samsung SDI, a leading global battery manufacturer, announced today that Choi Ju-sun, currently the CEO ...; Desk 2024.11.28

Futurist Predicts Humanoid Robots Will Revolutionize the Workforce: Futurist Peter Diamandis has predicted that Elon Musk's humanoid robots will replace human workers and fuel economic growth. In hi ...; Hwang Sujin Reporter 2024.11.28

India's Auto Market Heats Up as Hyundai Challenges Suzuki's Dominance: New Delhi, India – India's automotive market, the world's third largest after China and the United States, is witnessing int ...; Graciela Maria Reporter 2024.11.28