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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June Exports Up 4.3% Driven by Record-Breaking Semiconductor Performance: July 1, 2025 – South Korea's exports in June increased by a robust 4.3% year-on-year, reaching $59.8 billion, maintaining a ...; Hwang Sujin Reporter 2025.07.01

Family Farming Fair in San Pedro Benefits Over 800 Families: The Family Farming Fair held in San Pedro de Ycuamandyyú successfully concluded, directly benefiting over 800 families. Sma ...; Ana Fernanda Reporter 2025.07.01

Paraguay Officially Increases Minimum Wage by 100,000 Guaranies, But Controversy Lingers: The Paraguayan government has officially announced a minimum wage increase of 100,000 Guaranies (approximately USD 18) effective J ...; Ana Fernanda Reporter 2025.07.01

Paraguayan Food Companies Exhibit Outstanding Performance at 'Food Taipei 2025': Leading companies from Paraguay's food and beverage industry successfully showcased the excellence of their national products at ' ...; Ana Fernanda Reporter 2025.06.30

Paraguay Urged to Follow Brazil's Footsteps in Increasing Biofuel Blending Ratios: Brazil's decision to increase the biofuel blending ratio for petroleum derivatives to 15% starting in August is a measure that the ...; Yim Kwangsoo Correspondent 2025.06.30

Brazil to Push for Inclusion of Automotive and Sugar Industries in Mercosur Trade Rules: Brazil, set to assume the rotating presidency of Mercosur in July, plans to advocate for the inclusion of the automotive and sugar ...; Pedro Espinola Special Correspondent 2025.06.30

European Wine Industry Urges Swift Ratification of Mercosur Agreement, Faced with Strong Opposition from France and Others: The European wine industry is strongly advocating for the immediate initiation of the adoption and ratification process of the tra ...; Desk 2025.06.30

Daejeon City to Inject 458 Billion Won into Small Businesses Amid Economic Slump: DAEJEON, South Korea – Daejeon City announced today an expanded and tailored support policy for small business owners grappl ...; HONG MOON HWA Senior Reporter 2025.06.29

Korea and Mexico Bolster Ties in Semiconductor and Intellectual Property Sectors: Mexico City – The Korean Embassy in Mexico, in collaboration with Mexico's Ministry of Science, Humanities, Technology and I ...; Global Economic Times Reporter 2025.06.29

Tesla Nears Completion of First North American LFP Battery Plant in Nevada: SPARKS, Nevada – Tesla, the electric vehicle (EV) giant led by Elon Musk, announced on Friday, June 28, that its first North ...; Eunsil Ju Reporter 2025.06.29

China's Rapid Unicorn Growth: A Robot Company's One-Year Journey to Success: How long does it take for a company to establish itself in the world? I was quite surprised recently when I visited Suzhou, China, ...; ONLINE TEAM 2025.06.28

Amazon Invests $10 Billion in North Carolina, Accelerating AI Innovation and Cloud Infrastructure Expansion: Amazon has announced plans to invest approximately $10 billion (about ₩13.7 trillion KRW) in North Carolina, USA, to significantly ...; Eunsil Ju Reporter 2025.06.27

Paraguay Achieves Milestone with First Surgical Implant Export – Opening New Horizons in South American Medical Industry: Paraguayan medical device manufacturer ION SA made a significant stride in the South American medical industry yesterday with its ...; Graciela Maria Reporter 2025.06.27

Paraguay: Emerging as a New Hub for the South American Textile Industry: Paraguay is pursuing an ambitious strategy to become a new center for the textile industry within Mercosur (Southern Common Market ...; Graciela Maria Reporter 2025.06.27

Four Consortia Vie for Asunción New General Hospital Bid: ASUNCIÓN, Paraguay – Four consortia have entered a fierce bidding competition for the construction and maintenance pr ...; Global Economic Times Reporter 2025.06.27

Seafood Expo Asia 2025 in Singapore: Opening New Horizons in the Asian Seafood Market: Seafood Expo Asia, organized by Diversified Communications, will be held at the Sands Expo & Convention Centre in Singapore fr ...; KO YONG-CHUL Reporter 2025.06.24

Vietnam's Rise in Singapore's Export Market: Key Drivers and Future Prospects: In the first five months of 2025, Vietnam has rapidly emerged as Singapore's 8th largest export market, demonstrating a deepening ...; Hwang Sujin Reporter 2025.06.24

Philippines Ushers in New Era of Digital Market Regulation with Enhanced Online Transaction Law Enforcement: The e-commerce market in the Philippines has reached a new turning point with significantly strengthened regulations for online se ...; Graciela Maria Reporter 2025.06.24

dLocal Strengthens Emerging Market Dominance: Secures Licenses in UAE, Turkey, Philippines, and Expands African Market Presence: dLocal, a cross-border payment specialist, has significantly strengthened its global presence by securing key payment licenses in ...; Ana Fernanda Reporter 2025.06.24

Bellabel Pharm Opens New Horizons in K-Pet Food Market: Achieves $300,000 Export Success to Taiwan: Bellabel Pharm, a company incubated by the Jeju Center for Creative Economy & Innovation, has successfully established itself ...; Hwang Sujin Reporter 2025.06.23