Global Economic Times

2026.09.26 (Sat)
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Gwangju-Jeonnam Semiconductor Complex Set to Break Ground Next Year with Goal of Production by June 2030

The Gwangju-Jeonnam Integrated Special City is set to begin site development next year with the goal of achieving the first mass production at the Gwangju Semiconductor Cluster by June 2030. Out of th
Nostalgic Classic Games Reborn on Steam Win Over Global Gamers with 'Very Positive' Reviews

According to the gaming industry, titles such as The War of Genesis: The Rhapsody of Zephyr Remastered and the early 2000s feature-phone mobile RPG series Zenonia have recently landed on Steam to crit

Diverging Fortunes of Major South Korean Corporations: Seven Firms Record 106 Consecutive Quarters of Operating Profit Amid Slumps in Battery and Petrochemical Sectors

A recent corporate performance analysis has revealed a stark polarization among South Korea’s top-tier enterprises, showcasing a select group of resilient long-term profit champions while others

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The 95% Idle Crisis: Enterprise GPU Utilization Plummets to 5% as Tech Pioneers Offer Breakthrough Solutions: In the hyper-competitive global race for artificial intelligence dominance, corporate titans and enterprise software leaders have ...; Hwang Sujin Reporter 2026.08.01

Samsung Forecasts Memory Shortage to Endure Until 2028, Securing 70% of Capacity in Multi-Year Contracts: SEOUL — Samsung Electronics has issued a stark warning to the global technology ecosystem, projecting that the severe global ...; KO YONG-CHUL Reporter 2026.07.30

LG Electronics Hits Historic Q2 Highs as Home Appliances and Auto Parts Drive Explosive Growth: SEOUL — LG Electronics Inc. announced today that it delivered its strongest second-quarter financial performance in company ...; Global Economic Times Reporter 2026.07.30

Samsung Pushes to Break Ground on Taylor Fab 2 by Year-End, Targeting 2030 Mass Production: Samsung Electronics has formally announced plans to commence construction on its second semiconductor manufacturing facility in Ta ...; Global Economic Times Reporter 2026.07.30

KAIST and NVIDIA Partner to Establish $300 Million AI Joint Research Center in Korea: SEOU — The Korea Advanced Institute of Science and Technology (KAIST) announced on Friday that it will establish the "NVIDIA ...; Yim Kwangsoo Correspondent 2026.07.25

Hanwha Ocean Bolsters Alliances with U.S. Partners to Drive Forward "MASGA" Shipbuilding Initiative: WASHINGTON, D.C. — Major South Korean defense and commercial shipbuilder Hanwha Ocean has forged comprehensive strategic par ...; Eunsil Ju Reporter 2026.07.25

Alphabet’s Aggressive AI Capex Expansion Dispels ‘Peak-Out’ Fears, Triggering Powerful Semiconductor Rally: SEOUL & SILICON VALLEY — Concerns over an impending ‘peak-out’ in artificial intelligence (AI) investments a ...; Hwang Sujin Reporter 2026.07.24

Zeekr Celebrates 5th Anniversary by Setting New Guinness World Record for Electric Vehicle Drifting: SEOUL — Zeekr, the premium electric vehicle (EV) brand under China's Geely Holding Group, has marked its fifth anniversary w ...; Kim Sungmoon Reporter 2026.07.18

Robots Preserving the Taste of Kyochon’s ‘Honey Combo’: Automated Frying and Batter Dispensing Expand Nationwide: SEOUL — Kyochon F&B, the operator of South Korea's pioneer fried chicken franchise Kyochon Chicken, is rapidly expanding ...; Global Economic Times Reporter 2026.07.18

South Korea Sets 2027 Minimum Wage at 10,700 KRW per Hour, Rebounding to 3.7% Increase After Intense Negotiations: SEJONG — South Korea’s minimum wage for 2027 has been officially finalized at 10,700 KRW (approximately $7.80 USD) per ...; Desk 2026.07.16

US Pivots to 'Friend-Shoring' for Robotics Supply Chain: Expanding Horizons for Hyundai Motor Group: [SEOUL] — The United States is actively reorganizing its advanced robotics supply chain around trusted allies and strategic ...; Kim Sungmoon Reporter 2026.07.13

'The Jae-Chul Ryu Magic': LG Electronics Hits New Milestones in Q2 Performance: SEOUL — Amidst global economic headwinds and persistent geopolitical uncertainty, LG Electronics has achieved a historic sec ...; Kim Young Min Reporter 2026.07.08

Automation Drives Quality: A Look Inside Hanwha Aerospace’s Smart Engine Factory: CHANGWON, South Korea — In the high-stakes world of aerospace, where a single minute error can be catastrophic, Hanwha Aeros ...; KO YONG-CHUL Reporter 2026.07.08

Samsung Electronics Surpasses NVIDIA to Become Global Leader in Quarterly Operating Profit: SEOUL — Samsung Electronics has officially ascended to the top of the global corporate ladder in terms of quarterly operatin ...; Global Economic Times Reporter 2026.07.08

South Korea Unveils Bold Space Ambitions: Aiming for Sovereign Low-Orbit Satellite Network by 2035: SEOUL — The South Korean government has announced an ambitious "Space and Aerospace Industry Development Strategy," aimed at ...; KO YONG-CHUL Reporter 2026.07.04

LG Energy Solution-Honda Joint Venture Commences ESS Battery Cell Mass Production in the U.S.: JEFFERSONVILLE, Ohio — L-H Battery Company, the joint venture between LG Energy Solution and Honda, announced on July 3 that ...; Eunsil Ju Reporter 2026.07.04

Hanwha Announces 55 Trillion Won Investment to Propel South Korea as a Global AI Space Powerhouse: In a bold move to establish South Korea as a global leader in AI and aerospace, Hanwha Group announced on July 3rd that it will in ...; Kim Sungmoon Reporter 2026.07.04

South Korea to Implement Facial Recognition for Mobile Phone Activation Starting July 6: SEOUL — Starting July 6, South Koreans will be required to undergo a facial recognition verification process when activating ...; Hwang Sujin Reporter 2026.07.01

Wemade’s Founder Exits: Chinese Investment Firm NeoPulse Becomes Largest Shareholder in 920 Billion Won Mega-Deal: In a monumental shift that marks the end of an era for one of South Korea’s most prominent game developers, Park Kwan-ho, th ...; Ana Fernanda Reporter 2026.07.01

The Rising Cost of Play: Is Gaming Becoming an Exclusive Luxury?: Gaming, once considered an accessible form of entertainment, is rapidly transforming into a "luxury hobby" that demands a signific ...; Global Economic Times Reporter 2026.07.01

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