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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Home Appliance Giants Pivot Toward Niche Markets to Drive Growth: SEOUL — The South Korean home appliance industry is undergoing a significant transformation. Faced with a maturing domestic ...; Yim Kwangsoo Correspondent 2026.06.16

South Korea’s Permanent Jobs Shrink for First Time in 26 Years: A Severe Blow to the 2030 Generation: SEOUL — South Korea’s labor market has hit a major roadblock as permanent employment contracted for the first time in ...; Hwang Sujin Reporter 2026.06.15

LX Pantos Steps Up Safety for Partners, Supplying New Functional Workwear to 100 Cooperating Companies: SEOUL — LX Pantos, a leading global logistics company, announced on Tuesday that it will supply newly designed summer workwe ...; Yim Kwangsoo Correspondent 2026.06.09

SK Chairman Chey Tae-won Proposes $7 Trillion Economic Integration Through Korea-Japan Alliance to Shift Toward a Low-Cost Structure: TOKYO — Chey Tae-won, Chairman of SK Group and Chairman of the Chey Institute for Advanced Studies, presented a bold bluepri ...; Global Economic Times Reporter 2026.06.09

Semis Move South: Samsung and SK hynix Poised to Announce Multi-Trillion Won Plants in Honam and Chungcheong: SEOUL — The center of gravity for South Korea’s semiconductor industry, which has historically been heavily concentrat ...; Global Economic Times Reporter 2026.06.09

Samsung Launches Massive 'AX Revolution' Under Chairman Lee Jae-yong, Overhauling Corporate DNA with AI: SEOUL — Samsung Group, South Korea's largest conglomerate, has announced a radical paradigm shift that will fundamentally re ...; Global Economic Times Reporter 2026.06.09

From Streaming to Playing: Nexon and Naver Unveil Revolutionary Cross-Platform Integration for 'FC Online' on Chzzk: SEOUL — In a groundbreaking move poised to redefine the landscape of digital entertainment, South Korean gaming giant Nexon ...; Eugenio Rodolfo Sanabria Reporter 2026.06.08

LG CNS Launches 'DevOn Agentic AIND': An Agentic AI-Driven IT System Development Platform: SEOUL, South Korea — LG CNS announced on June 8, 2026, the official commercial release of 'DevOn Agentic AI Native Developme ...; Global Economic Times Reporter 2026.06.08

Middle East War Fallout Hits South Korean Economy: KDI Warns of Stagflationary Pressures as Oil Refining Plummets 20.5%: SEOUL — The economic shockwaves from the prolonged war in the Middle East have officially begun to seep into the South Korea ...; Global Economic Times Reporter 2026.06.08

Zeekr Targets 2,000 Sales for '7X' EV in South Korea This Year: Hangzhou, China — Zeekr, the premium electric vehicle (EV) brand under China's Geely Auto Group, has officially established ...; Yim Kwangsoo Correspondent 2026.06.05

Murata Unveils Next-Gen Resin Electrode MLCC for Automotive Applications: TOKYO — In a major step toward supporting the rapid electrification of the automotive industry, Murata Manufacturing Co., Lt ...; Graciela Maria Reporter 2026.06.05

Samsung Electronics Super-Enterprise Union Loses Majority Status Amid Backlash Over Bonus Disparities: SEOUL — The Super-Enterprise Labor Union’s Samsung Electronics branch, previously the largest labor union at Samsung E ...; KO YONG-CHUL Reporter 2026.06.05

South Korea’s Top Five Automakers Suffer Broad May Sales Decline Amid Weakening Domestic Demand and Global Headwinds: SEOUL — South Korea’s five major domestic automakers experienced a coordinated downturn in performance last month, rep ...; Hwang Sujin Reporter 2026.06.03

Chinese Humanoid Robotics Pioneer Unitree Clears Shanghai IPO Hurdle to Raise $580 Million: In a monumental milestone for the global robotics ecosystem, Unitree Robotics, one of China’s most prominent humanoid roboti ...; Global Economic Times Reporter 2026.06.03

Hyundai Motor Bets on ‘The New Grandeur’ to Jumpstart Sluggish Domestic Sales: SEOUL — Hyundai Motor Company is turning to its iconic flagship sedan, the Grandeur, to spearhead a rebound in its domestic ...; Yim Kwangsoo Correspondent 2026.06.03

Macrogen Completes Songdo Global Genome Center, Launching a Global Hub for AI-Driven Precision Medicine: SONGDO, South Korea — Macrogen, a leading global genomic analysis corporation, officially announced on Wednesday the grand o ...; Global Economic Times Reporter 2026.06.03

KEPCO Secures 2.1 Trillion Won Jafurah Phase 2 Project in Saudi Arabia, Boosting Middle East Expansion: SEOUL — Korea Electric Power Corporation (KEPCO) has successfully secured a major contract for the Phase 2 Jafurah cogenerat ...; KO YONG-CHUL Reporter 2026.06.03

Surging Memory Prices Weigh Heavily on Samsung and LG Electronics' Production Costs: The relentless surge in memory semiconductor pricing has dealt a severe blow to the manufacturing margins of South Korea’s l ...; Global Economic Times Reporter 2026.06.01

Kakao Union to Launch Partial Strike on June 10, Demanding End to Restructuring: The Kakao branch of the Korean Chemical, Textile, and Food Workers' Union (Kakao Union) announced on June 1 that it will embark on ...; Global Economic Times Reporter 2026.06.01

Samsung Electro-Mechanics Shifts Focus to AI Servers and Automotive Sectors, Boosting High-Value Components Business: Massive push into ultra-high-voltage MLCCs for EVs, 8MP cameras for autonomous driving, and next-gen FCBGA substrates for AI datac ...; Hwang Sujin Reporter 2026.05.28

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