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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KHIDI Facilitates Chinese Market Entry for Promising South Korean Biopharma Firms in Collaboration with AstraZeneca: SEOUL, South Korea – The Korea Health Industry Development Institute (KHIDI) has recently concluded a successful initiative ...; KIM YOUNG MIN 2025.04.28

Gyeongbuk Province Intensifies Efforts to Attract Chinese Tourists with Emotional Tourism Appeal: Gyeongsangbuk-do Province and its tourism arm, the Gyeongbuk Culture & Tourism Organization, are strategically positioning the ...; Global Economic Times Reporter 2025.04.28

Shein Hikes U.S. Prices by Up to 377% as Tariff Deadline Looms: In a dramatic shift, Chinese online retail giant Shein has significantly increased prices on its U.S. product listings, with some ...; Ana Fernanda Reporter 2025.04.28

China Rolls Out Enhanced Tax Refund Scheme to Spur Foreign Tourism and Spending: Beijing, China – In a significant move aimed at revitalizing its tourism sector and boosting foreign consumption, China has ...; Kim Sungmoon Reporter 2025.04.28

Arensia Intensifies Japan Market Push with LOFT COSFES Participation and Ginza Pop-Up: SEOUL, SOUTH KOREA – Korean beauty brand Arensia is making significant strides in its global expansion strategy, with a stro ...; Hwang Sujin Reporter 2025.04.28

South Korea's Supreme Court Broadens Definition of Unfair Labor Practices in Favor of Unionized Workers: Seoul, South Korea - In a significant ruling for labor rights, South Korea's Supreme Court has broadened the interpretation of unf ...; Hwang Sujin Reporter 2025.04.28

Hydrogen Vehicle Boom Faces Charging Infrastructure Bottleneck in South Korea: SEOUL, South Korea - South Korea's ambitious push towards a hydrogen-powered transportation future is encountering a significant h ...; KIM YOUNG MIN 2025.04.28

POSCO Group Honored with Double Win at Prestigious IR52 Jang Young-shil Awards: SEOUL, South Korea – POSCO Group has once again demonstrated its commitment to innovation and sustainability, securing two d ...; Yim Kwangsoo Correspondent 2025.04.28

South Korea Hikes Train Ticket Cancellation Fees and Fare Evasion Penalties on Peak Days: SEOUL, South Korea – In a move to combat "no-show" passengers and deter fare evasion, South Korea's Ministry of Land, Infras ...; KO YONG-CHUL Reporter 2025.04.28

Paraguay Records Unprecedented Employment Growth: Government Policies Prove Highly Effective: Paraguay has recently marked a remarkable employment surge, signaling a positive upturn in its economic vitality. The Paraguayan M ...; Greace Nunez Correspondent 2025.04.28

52nd Anniversary of the Itaipu Treaty: Paraguay and Brazil's Historic Cooperation and Foundation for Energy Independence: April 26, 2025, marks the 52nd anniversary of the signing of the Itaipu Treaty, which laid the groundwork for the construction of ...; Yim Kwangsoo Correspondent 2025.04.28

Paraguay's Construction Sector Drives Economic Recovery, Generating Over 220,000 Jobs in 2024: Paraguay's construction sector has emerged as a key driver of economic recovery, generating 221,369 jobs in 2024 thanks to proacti ...; Desk 2025.04.28

Regional Supermarket Federation Urges Reconsideration of Sanitary Registration Exemption: Expresses Concern Over Allowed Exemptions for Imported Food and Beverages: The regional supermarket industry has voiced deep concern regarding local measures that suspend and allow exemptions from the sani ...; Ana Fernanda Reporter 2025.04.28

Seeking International Cooperation for the Reconstruction of the Philippine Shipbuilding Industry: Denmark-Philippines Joint Webinar to be Held: The Embassy of Denmark in the Philippines, in cooperation with the Philippine Department of Transportation (DOTr) and the Anti-Red ...; Yim Kwangsoo Correspondent 2025.04.27

Singapore Hosts Successful Opening of GITEX ASIA x Ai Everything, Opening Doors for Asian Technology Collaboration: Singapore – Amidst weeks of fervent anticipation from the regional and international tech industries, the inaugural GITEX AS ...; Eugenio Rodolfo Sanabria Reporter 2025.04.27

Gyeonggi Province Invests $3.9 Million to Expand Coastal Road on Jebudo Island, Boosting Safety and Tourism: Gyeonggi Province has announced a significant investment of 5.2 billion KRW (approximately $3.9 million USD) to enhance the coasta ...; Kim Sungmoon Reporter 2025.04.27

Congestion at Incheon Coastal Ferry Docks and Terminals Hinders Island Accessibility: The Incheon coastal ferry docks and terminals, vital transportation hubs for accessing the city's islands, are facing severe conge ...; Hwang Sujin Reporter 2025.04.27

Incheon Port Accelerates Transition to Eco-Friendly Hub: INCHEON, South Korea – The Incheon Port Authority (IPA), led by CEO Lee Kyong-gyu, is embarking on a significant transition ...; Min Gyu Mi Reporter 2025.04.27

Incheon Port Surpasses National Growth with Strategic Investments and New Routes: Incheon Port has garnered recognition for its remarkable growth over the past five years, outperforming other major domestic ports ...; Min Gyu Mi Reporter 2025.04.27

Incheon Airport Launches ₩500 Million Incubation Program to Foster Innovative Aviation Startups: Incheon, South Korea – Incheon International Airport Corporation (IIAC), led by President Lee Hak-jae, has announced a call ...; KO YONG-CHUL Reporter 2025.04.27