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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Department Stores Surge as Hypermarkets Struggle: The Deepening Polarization of Retail Consumption: South Korea’s consumer spending is experiencing a structural revival, yet the benefits are being distributed unevenly across ...; Global Economic Times Reporter 2026.05.27

Business Sentiment Hits 43-Month High as Supply Chains Ease and Exports Surge: SEOUL — South Korea’s corporate sentiment jumped to its highest level in nearly three and a half years in May, fueled ...; Hwang Sujin Reporter 2026.05.27

MUSINSA Reaches Historic High in Q1 2026 Driven by Global Push and Offline Expansion: SEOUL — Musinsa, South Korea’s top fashion platform currently preparing for an Initial Public Offering (IPO), announce ...; Desk 2026.05.27

‘600 Million Won Bonus’ at Samsung Electronics Triggers Deep Sense of Relative Deprivation Among Korean Workers: Unprecedented Payouts: Samsung Electronics' Memory Division employees expect a massive 600-million-won performance bonus.National ...; Global Economic Times Reporter 2026.05.23

EV Sales Surge in Domestic Market While Exports Suffer Amid Prolonged Middle East Risks: SEOUL — South Korea’s domestic electric vehicle (EV) market experienced an unprecedented boom last month, driven by so ...; KO YONG-CHUL Reporter 2026.05.21

South Korea’s Mid-May Exports Hit Record High of $52.7 Billion, Propelled by Semiconductor Boom: SEOUL — South Korea’s exports during the first 20 days of May surged to a historic high for the period, driven by an e ...; Global Economic Times Reporter 2026.05.21

Samsung Electronics Narrowly Avoids Strike with Landmark Compensation Deal: SUWON, South Korea — Samsung Electronics management and its labor union have reached a dramatic tentative agreement on wage ...; KO YONG-CHUL Reporter 2026.05.21

Chinese Semiconductor Hub Shanghai Courts South Korean Suppliers to Bypass U.S. Tech Blockade: SEOUL — Amid intensifying pressure from United States supply chain restrictions, China's semiconductor industry is aggressiv ...; Global Economic Times Reporter 2026.05.19

Will Samsung Finally Unlock the Smart Glasses Era After a Decade of Anticipation?: SEOUL — The smart glasses market is showing signs of a major revival after more than a decade of stagnation. Industry observ ...; Kim Sungmoon Reporter 2026.05.19

Samsung Electronics Q1 Salaries Hit Record High, Averaging $9,000 a Month: SEOUL — Employees at Samsung Electronics received an average gross compensation of approximately 36 million won ($27,000 USD ...; Desk 2026.05.19

Mercedes-Benz Korea Opens Pre-Orders for Flagship Luxury: The New S-Class and Maybach S-Class Prepare for Domestic Takeover: SEOUL, South Korea — Mercedes-Benz Korea officially initiated its domestic campaign for the pinnacle of automotive luxury to ...; Global Economic Times Reporter 2026.05.18

Man vs. Machine: Human Worker Edges Out Figure 03 Humanoid in Grueling 10-Hour Warehouse Showdown: Silicon Valley — In a highly anticipated demonstration of the rapidly evolving capabilities of artificial intelligence and r ...; Global Economic Times Reporter 2026.05.18

Targeting the $360 Billion Nuclear Decommissioning Market: South Korea Takes Lead in Establishing World-First International Standards: SEOUL — In a landmark shift that fundamentally alters the landscape of the global nuclear energy industry, South Korea has s ...; Global Economic Times Reporter 2026.05.18

The Unstoppable Semiconductor Rally: Why This 'Crazy' Surge Might Last Longer Than Expected Despite Overheating Fears: The global stock market is currently witnessing a "semiconductor rally" of historic proportions. As artificial intelligence (AI) t ...; Kim Sungmoon Reporter 2026.05.11

Samsung Electronics Shifts Strategy in China: Moving from Hardware Sales to Platform-Based Business: SEOUL – Samsung Electronics is undertaking a major restructuring of its home appliance business in China, marking a signific ...; Global Economic Times Reporter 2026.05.08

Tesla Model Y Becomes First to Pass Grueling New U.S. Autonomous Safety Tests: WASHINGTON D.C. — Tesla’s flagship SUV, the Model Y, has made history as the first vehicle to pass the United States g ...; Global Economic Times Reporter 2026.05.08

Celltrion’s Zymfentra Sees Explosive 300% Growth, Hits Record Quarterly Prescriptions in the U.S.: [NEW YORK] – Celltrion’s strategic push into the United States is yielding unprecedented results. Zymfentra (marketed ...; Desk 2026.05.08

BMW Korea Ignites May with Exclusive 9-Model Online Limited Edition Lineup: SEOUL – BMW Korea is set to electrify the luxury automotive market this month, announcing the official release of nine exclu ...; KO YONG-CHUL Reporter 2026.05.08

Hyundai Mobis Completes Independent EV 'Heart' Lineup: A Major Leap Toward Global Leadership in Power Electric Systems: SEOUL — Hyundai Mobis, the South Korean automotive tech giant, has achieved a significant milestone in its transition from a ...; Hwang Sujin Reporter 2026.05.08

POSTECH Researchers Double Metal-Polymer Adhesion via 3D Printing Surface Control: POHANG, South Korea — A research team at the Pohang University of Science and Technology (POSTECH) has achieved a breakthrou ...; Global Economic Times Reporter 2026.05.08

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