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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India's $10 Billion Shipbuilding Ambition Sparks Hope for South Korean Shipbuilders: SEOUL, South Korea – The South Korean shipbuilding industry is witnessing a surge of optimism as India unveils an ambitious ...; Ana Fernanda Reporter 2025.06.01

South Korea Surpasses Pre-Pandemic Tourist Levels in April, Driven by Diverse Inflows: Seoul, South Korea – South Korea's tourism sector is experiencing a robust recovery, with the number of foreign visitors in ...; Desk 2025.05.31

Hyundai E&C Withdraws from Gadeokdo New Airport Land Reclamation Project, Citing Unrealistic Deadline: SEOUL, South Korea – Hyundai Engineering & Construction (Hyundai E&C) announced on May 30 that it will not participa ...; Hwang Sujin Reporter 2025.05.31

Northern Gyeonggi's Gyooe Line Begins Facility Upgrade Design, Set for Completion by End of Next Year: SEOUL, South Korea – The National Rail Authority (Korea National Railway, KNR) Seoul Metropolitan Regional Headquarters anno ...; KO YONG-CHUL Reporter 2025.05.31

Volkswagen: From Automaker to Sausage King?: Wolfsburg, Germany – Volkswagen, the German automotive giant, is making headlines not just for its cars, but for its burgeon ...; Desk 2025.05.31

Argentina's Economic Outlook for 2025: Navigating Growth Amidst Challenges: As 2025 progresses, Argentina is poised for significant economic growth, with various international organizations and local analys ...; Greace Nunez Correspondent 2025.05.31

US GDP Shrinks in Q1 as Trump Tariffs Take Their Toll: The world's largest economy contracted at an annualized quarterly rate of 0.2% in the first quarter of 2025, a tenth of a percenta ...; Greace Nunez Correspondent 2025.05.31

Trump Doubles Down on Tariffs, Vows 50% Levy on Steel and Aluminum Imports: Pittsburgh, Pennsylvania – In a significant escalation of his protectionist trade agenda, President Donald Trump today annou ...; Global Economic Times Reporter 2025.05.31

Hyundai Delivers First IONIQ 9 to U.S. Customers, Kicking Off Marketing Push: FOUNTAIN VALLEY, CA – Hyundai Motor America today announced the momentous first delivery of its highly anticipated large ele ...; Eunsil Ju Reporter 2025.05.31

US Most Favored Nation Drug Pricing Policy Could Significantly Impact Korean Biopharmaceutical Companies: The U.S. government's push to implement a "Most Favored Nation (MFN)" policy for drug pricing is poised to have a substantial impa ...; Pedro Espinola Special Correspondent 2025.05.31

"Squid are Back"... East Coast of Korea Revitalized, Local Economy 'Bouncing': The return of squid to Korea's East Coast has brought much-needed vibrancy to local businesses. After a long fishing ban, abundant ...; Hwang Sujin Reporter 2025.05.31

Seoul's Housing Market Overheats: Average Sales Price Exceeds KRW 1 Billion, Gangnam-Gangbuk Gap Reaches "All-Time High": Seoul's average home sales price has surpassed KRW 1 billion for the first time, signaling a deepening overheating of the housing ...; Hwang Sujin Reporter 2025.05.31

SPC Samlip Halts 'KBO Bread' Production and Initiates Comprehensive Safety Reinforcement After Fatal Accident at Siheung Plant: SPC Samlip has announced a halt in the production of its popular 'KBO Bread' (KBO-ppang) and the implementation of comprehensive s ...; ONLINE TEAM 2025.05.31

Ansan City Designated as Specialized Cluster for Root Industries, Expected to Emerge as a Hub for Manufacturing Innovation: Ansan City has been ultimately selected for the leading project of the Ministry of Trade, Industry and Energy's '2025 Root Industr ...; Kim Sungmoon Reporter 2025.05.31

Brazil's Tourism Industry Reaches All-Time High, Setting Economic Milestone with WTTC Forecast: Brasília – Brazil's tourism industry is experiencing an unprecedented resurgence, fueled by strong demand from key in ...; Graciela Maria Reporter 2025.05.30

Viracopos International Airport Crowned Brazil's Best Airport… Five-Time Recipient of Passenger Satisfaction Award: Campinas, Brazil – Viracopos International Airport, located in Campinas, São Paulo, has once again solidified its sta ...; Global Economic Times Reporter 2025.05.30

Paraguay's Plywood Exports Exceed $2.3 Million, Timber Industry Booming: In April, Paraguay's plywood exports hit an annual high for the second consecutive month, reaching 2,769 tons, a 5.45% increase fr ...; Ana Fernanda Reporter 2025.05.30

Space Technology in Daejeon! Selected for Ministry of Science and ICT's Innovation Research Center Program: Daejeon Metropolitan City announced on May 28 that KAIST's "Space Service and Manufacturing Research Center" was ultimately select ...; KO YONG-CHUL Reporter 2025.05.30

Chungcheongnam-do Attracts Taiwanese Tourists: Chungcheongnam-do (South Chungcheong Province) participated in the '2025 Korea Travel Expo,' held in Taiwan from May 23-26, to int ...; HONG MOON HWA Senior Reporter 2025.05.30

Argentina Approves New Airport Service Operator: 'Handyway Cargo S.A.' Enters Aviation Market After 21 Years: A new competitor has emerged in Argentina's air transport market. The Undersecretariat of Air Transport of the Ministry of Economy ...; Ana Fernanda Reporter 2025.05.29