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 Middle-Aged Workforce Hits Crisis Point as Employment Plummets: Seoul, South Korea - South Korea's economic stability is under threat as employment figures for individuals in their 40s and 50s, ...; ONLINE TEAM 2025.03.25

Songdo Landmark City to Break Ground Next Year: The Incheon Free Economic Zone Authority announced on the 24th that the revised development plan for the 'Songdo Landmark City' pr ...; KO YONG-CHUL Reporter 2025.03.25

Kakao Entertainment Fined 390 Million Won for 8 Years of Covert Online Advertising: The Fair Trade Commission (FTC) has imposed a fine of 390 million won on Kakao Entertainment, South Korea's leading music distribu ...; Desk 2025.03.25

Cement Industry in Crisis: Shipments Plunge to 1980s Levels Amid Construction Slump: SEOUL - South Korea's cement industry is grappling with a severe downturn, as shipment figures have plummeted since the beginning ...; ONLINE TEAM 2025.03.25

Hyundai Motor Group Announces $21 Billion Investment in the U.S. by 2028: Hyundai Motor Group Chairman Euisun Chung, accompanied by President Trump, announced on the 24th (local time) at the White House t ...; KO YONG-CHUL Reporter 2025.03.25

LX Corporation to Modernize Mongolia's Address Information System: SEOUL, South Korea - The Korea Land and Geospatial Informatix Corporation (LX Corporation), under the leadership of CEO Eom Myeong ...; Global Economic Times Reporter 2025.03.25

Jeonbuk NAQS Intensifies Crackdown on Origin Labeling in Government Restaurants: JEONJU, South Korea – The Jeonbuk branch of the National Agricultural Products Quality Management Service (NAQS) has launche ...; Yim Kwangsoo Correspondent 2025.03.25

Jeonbuk Economic Promotion Agency (JEPA) Drives Global E-commerce Growth for Local SMEs with New Support Program: JEONJU, South Korea – In a strategic move to amplify the international presence of regional businesses, the Jeonbuk Economic ...; Yim Kwangsoo Correspondent 2025.03.25

2025 Gyeongnam Tourism Expo: Showcasing the Beautiful Four Seasons and Abundant Attractions of Gyeongnam: The '2025 Gyeongnam Tourism Expo' recently concluded its successful three-day run from March 20th to 22nd at the Changwon Conventi ...; ONLINE TEAM 2025.03.25

Jeju Fishermen Suffer Heavy Losses as Hairtail Catch Plummets Off Taiwan Coast: JEJU ISLAND – Fishermen from Jeju Island are facing severe financial hardships as hairtail catches have drastically declined ...; Yim Kwangsoo Correspondent 2025.03.25

Plummeting Prices and Shipment Delays Plague Jeju Mandarin Growers, NH Launches Consumption Promotion Events: Jeju mandarin growers are facing significant difficulties this year due to a sharp drop in prices and shipment delays. In particul ...; Min Gyu Mi Reporter 2025.03.25

SK Broadband to Build New Trans-Pacific Subsea Cable, 'E2A': SK Broadband has announced plans to construct a new international subsea cable, named 'E2A' (East Asia To North America), connecti ...; Desk 2025.03.24

Home Shopping Giants Battle for Delivery Supremacy with 7-Day Services: The Korean home shopping landscape is undergoing a rapid transformation, with '7-day delivery' services becoming the new battlegro ...; Hwang Sujin Reporter 2025.03.24

Paraguay Pursues Joining TIR System to Boost International Trade: Expected to Overcome Limited Maritime Accessibility and Enhance Export Competitiveness: Paraguay is considering joining the UN-supported International Road Transport (TIR) system as a strategic move to improve internat ...; KO YONG-CHUL Reporter 2025.03.24

Paraguay's Maquila Industry Drives Economic Vitality with Growth in Employment and Exports: Early 2025 Sees Paraguay's Maquila Industry Exports Grow by 23%, Reaching $197 Million Paraguay's maquila industry (assembly and ...; Yim Kwangsoo Correspondent 2025.03.24

Las Vegas Emerges as a Hub of the Global Real Estate Market: RE/MAX International Convention a Resounding Success: Las Vegas, USA, once again solidified its status as a pivotal point for the global real estate industry, hosting the RE/MAX Intern ...; Pedro Espinola Special Correspondent 2025.03.24

Paraguayan Shipbuilding Industry Foresees 'Golden Future' Over Next 20 Years, Expecting $800 Million Economic Impact: The Paraguayan shipbuilding industry is poised to become a key driver of Paraguay's economic growth, generating nearly $800 millio ...; Graciela Maria Reporter 2025.03.24

Paraguayan Agricultural Sector Urges Development Through Cooperation and Shared Vision: IGUAZU, Paraguay – Raimundo Yano, President of the United Agricultural Enterprises (UEA), emphasized the importance of coope ...; Eugenio Rodolfo Sanabria Reporter 2025.03.24

Discussing the Future of the Advertising Industry: Amplify Summit 2025 Held in Paraguay: ASUNCIÓN, Paraguay - Amplify, a company leading innovation in Paraguay's Out-of-Home (OOH) advertising industry, will host ...; Eugenio Rodolfo Sanabria Reporter 2025.03.24

Singapore Leads the Way in Sustainable Maritime Industry Transformation: Singapore is driving the sustainable energy transition of the international shipping industry by introducing alternative fuels suc ...; Ana Fernanda Reporter 2025.03.24