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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South Korea's Renewable Energy Breakthrough: Surpassing 10% Amid Grid Modernization Imperative: Seoul, South Korea – A significant milestone has been reached in South Korea's energy landscape as renewable energy sources, ...; Desk 2025.05.12

Korail's Initiative Offers a Lifeline: Providing Employment and Hope to Seoul's Homeless Population: Seoul, South Korea – In a commendable move that underscores the potential for public corporations to address pressing social ...; ONLINE TEAM 2025.05.12

Soaring Pork Prices Drive South Korean Consumers Towards Chicken as a Budget-Friendly Alternative: Seoul, South Korea – The escalating cost of pork in South Korea, fueled by a significant surge in overall livestock prices l ...; Hwang Sujin Reporter 2025.05.12

South Korea's Construction Sector Faces Unprecedented Crisis, Echoing Post-IMF Turmoil: Seoul, South Korea – The South Korean construction industry is grappling with a severe and unprecedented downturn, as eviden ...; Hwang Sujin Reporter 2025.05.12

Korean Startup's Sleep-Tracking Ring Dominates Japan's Amazon, Signaling a Shift in Wearable Tech: Seoul, South Korea – A South Korean wearable tech startup, Apposter, is making waves in Japan with its innovative smart ring ...; KO YONG-CHUL Reporter 2025.05.12

Red Alert for Regional Airports: Mounting Deficits Threaten Safety and Sustainability: Seoul, South Korea – A stark financial reality is casting a long shadow over South Korea's regional airports, raising seriou ...; Graciela Maria Reporter 2025.05.12

Korean Card Giants Vie for Dominance in Booming Overseas Payment Market: Seoul, South Korea – The burgeoning appetite for international travel among Koreans is igniting a fierce battle for market s ...; Global Economic Times Reporter 2025.05.12

Woori Financial Commits KRW 2 Trillion to Fuel South Korea's Burgeoning Aerospace Sector: Seoul, South Korea – Woori Financial Group has announced a substantial commitment of KRW 2 trillion (approximately USD 1.5 b ...; Global Economic Times Reporter 2025.05.12

South Korea Assembles 'K-Shipbuilding Dream Team' in Ambitious Quest for Dominance in Liquid Hydrogen Carrier Technology: Busan, South Korea – In a bold move to spearhead the next generation of maritime transport, South Korea has officially launc ...; Ana Fernanda Reporter 2025.05.12

Dominican Republic's Low-Cost Carrier Arajet Launches New Boston Route, Accelerating Expansion in the Americas: BUENOS AIRES, ARGENTINA - Arajet, the burgeoning low-cost airline from the Dominican Republic, has officially announced the launch ...; Greace Nunez Correspondent 2025.05.11

Argentine State Oil Company YPF Reports Strong Q1 Performance Driven by Vaca Muerta Surge: BUENOS AIRES - Argentina's state-owned energy giant YPF has announced a significant surge in its first-quarter performance for 202 ...; Pedro Espinola Special Correspondent 2025.05.11

Lotte Shopping Defies Consumption Slump with Strong 'Quality Growth', Q1 Operating Profit Jumps 29%: Lotte Shopping has demonstrated the success of its "quality growth" strategy by achieving remarkable first-quarter results amidst ...; Desk 2025.05.11

Paraguay Ends State Monopoly on Gambling, Opens Doors to Private Operators: Asunción, Paraguay – In a landmark move set to reshape its gambling industry, Paraguay has dismantled its decades-lon ...; Pedro Espinola Special Correspondent 2025.05.11

UK and Switzerland Explore Direct Rail Link, Aiming to Expand European Connectivity: Bern, Switzerland - The United Kingdom and Switzerland have taken a significant step towards enhancing their connectivity with the ...; KO YONG-CHUL Reporter 2025.05.11

Swedish Data Center Firm Bahnhof to Transform WWII Bunker into Underground Fortress of Data: Gothenburg, Sweden - Swedish data center specialist Bahnhof is turning heads in the industry with its ambitious plan to construct ...; Ana Fernanda Reporter 2025.05.11

Sweden Signals Caution on Hydrogen Car Era, Champions Diesel-Electric Hybrids for Tangible Carbon Reduction: As the world largely focuses on hydrogen as the future's clean fuel, Sweden is making waves by proposing a carbon-neutral solution ...; Desk 2025.05.11

Mokpo Explores AI-Driven Industrial Ecosystem Innovation: The Challenge of Practical Application Strategies: Mokpo, South Korea – Businesses forming the backbone of the Jeollanam-do province's economy in Mokpo recently convened to de ...; Yim Kwangsoo Correspondent 2025.05.10

CJ Logistics Forges Alliance with Saudi Logistics Giant Naqel Express to Conquer Middle East Delivery Market: SEOUL, South Korea – CJ Logistics, South Korea's leading logistics company, is making a bold move to seize a significant sha ...; Hwang Sujin Reporter 2025.05.10

Trump's Policies and Rhetoric Cast Shadow Over California's Tourism Boom: Los Angeles, CA – California's vibrant tourism industry, a cornerstone of the state's economy, is bracing for an unexpected ...; Myung Sun Yim Correspondent 2025.05.10

Daejeon Advances Ambitious Urban Rail Expansion: A Blueprint for Sustainable Growth and Connectivity: Daejeon, South Korea – Daejeon Metropolitan City has laid out a comprehensive vision for the future of its public transporta ...; KO YONG-CHUL Reporter 2025.05.09