Global Economic Times

2026.08.11 (Tue)
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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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China Becomes ‘Graveyard for Imported Cars’ as German Luxury Brands Plummet: (C) PCAuto BEIJING – The once-dominant reign of global premium automakers in China is facing a structural crisis. As domest ...; Yim Kwangsoo Correspondent 2025.12.27

HD Hyundai Heavy Industries Nears 20-Vessel Export Milestone with Philippine Corvette Deal: (C) HD Hyundai Heavy Industries (HD HHI) SEOUL — HD Hyundai Heavy Industries (HD HHI) is on the verge of reaching a histori ...; Hwang Sujin Reporter 2025.12.27

Jeonbuk State Achieves Milestone: First Non-Metropolitan Region to Break 1 Trillion Won Venture Fund Mark: JEONJU – Jeonbuk Special Self-Governing State has made history by becoming the first non-metropolitan region in South Korea ...; KIM YOUNG MIN 2025.12.25

NCSoft Launches Year-End 'PC Cafe Festival' with Multi-Game Rewards: (C) KED Global SEOUL – NCSoft, a leading South Korean game developer and publisher, announced on Wednesday the launch of it ...; Global Economic Times Reporter 2025.12.25

Volkswagen Atlas Earns Highest Safety Rating 'TSP+' from U.S. IIHS: (C) Carisyou The Volkswagen Atlas, a flagship large-size SUV, has demonstrated its superior safety by earning the "Top Safety P ...; Pedro Espinola Special Correspondent 2025.12.24

Yongin Prugio One Cluster Park Emerges as Prime Residential Hub Behind World's Largest Semiconductor Cluster: (C) Yongin Prugio One Cluster Park Yongin City, Gyeonggi Province, is rapidly rising as a focal point of the real estate market, ...; Kim Sungmoon Reporter 2025.12.24

Samsung Biologics Acquires GSK’s U.S. Plant to Bypass Tariff Barriers: (C) KBR MARYLAND – Samsung Biologics (207940.KS) has officially entered the U.S. manufacturing landscape by acquiring a lar ...; Yim Kwangsoo Correspondent 2025.12.23

Samsung Chairman Lee Jae-yong Visits Semiconductor Hub to Spearhead 'Super Cycle' Strategy: (C) The Investor YONGIN/HWASEONG — Samsung Electronics Chairman Lee Jae-yong has officially commenced a high-profile inspec ...; Global Economic Times Reporter 2025.12.23

KFTC Fines Korean Air and Asiana KRW 6.46 Billion for Capacity Reduction Violations: (C) Aviation A2Z SEOUL — The merger process between South Korea’s two largest carriers, Korean Air and Asiana Airline ...; Desk 2025.12.23

Gangwon Province Sweeps National Livestock Brand Awards, Securing Top Honors: (C) Gangwon Province CHUNCHEON – Gangwon Province has solidified its status as South Korea's premier livestock hub by winni ...; Kim Sungmoon Reporter 2025.12.21

HD Hyundai Heavy Industries to Co-Develop Next-Generation Submarines Tailored for Peru: (C) HD Hyundai LIMA, Peru — HD Hyundai Heavy Industries (HD HHI) is accelerating its first overseas submarine export throug ...; Yim Kwangsoo Correspondent 2025.12.21

South Korea's Foreign Workforce Hits 1.1 Million Milestone: (C) VnExpress International SEOUL – South Korea’s foreign employment has reached an all-time high, surpassing the 1 ...; Global Economic Times Reporter 2025.12.19

Kyungdong Navien to Acquire Smart Home Pioneer Commax for 32.8 Billion Won: (C) Kyungdong Navien SEOUL – Kyungdong Navien, South Korea’s leading HVAC (Heating, Ventilation, and Air Conditioning ...; KO YONG-CHUL Reporter 2025.12.18

Tesla Faces 30-Day Sales Suspension Risk in California Over "Deceptive" Autopilot Claims: (C) Arena EV LOS ANGELES — In a landmark decision that could disrupt Tesla’s operations in its most vital domestic ma ...; Eunsil Ju Reporter 2025.12.18

Israel Greenlights Landmark $38 Billion Natural Gas Export Deal with Egypt: (C) Watan JERUSALEM – In a move set to redefine the energy landscape of the Eastern Mediterranean, the Israeli government o ...; KO YONG-CHUL Reporter 2025.12.18

Zootopia 2’s Box Office Surge: A Mirror of U.S.-China Economic Interdependence: (C) Twisted Voxel BEIJING – While trade tensions between the world's two largest economies remain high, a rabbit and a fox ...; Eugenio Rodolfo Sanabria Reporter 2025.12.18

R.E.D. Sectors Poised for Growth in 2026, the Year of the 'Red Horse,' Driven by AI Investment Boom: (C) Vecteezy SEOUL — A significant surge in Artificial Intelligence (AI) investment is expected to propel the growth of key ...; Hwang Sujin Reporter 2025.12.15

Extension Granted for '2026 Honors for SME Contributors' Application: (C) KBIZ SEOUL) — The Ministry of SMEs and Startups (MSS) and the Korea Federation of Small and Medium Enterprises (KBIZ) h ...; Global Economic Times Reporter 2025.12.15

44% of Recent Construction Projects Report Deficits, Industry Survey Finds: (C) KED Global Seoul, South Korea — A recent survey conducted by the Korea Construction Association (KCA) and the Construct ...; KO YONG-CHUL Reporter 2025.12.15

Lotte Mart Launches Major Imported Fruit Discount Event Amid High Prices: (C) Lotte Mart SEOUL — Lotte Mart has announced a special discount event for imported fruits, offering significant savings ...; Kim Sungmoon Reporter 2025.12.15