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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U.S. Congress Votes to Repeal Methane Fee on Oil and Gas Producers: The U.S. Congress voted on Thursday to repeal a federal fee on oil and gas producers who release high levels of methane, undoing a ...; Eunsil Ju Reporter 2025.02.28

El Salvador Launches National Dairy Brand to Boost Local Economy: San Salvador, El Salvador – The Salvadoran government, in a collaborative effort with the private sector, has unveiled "L&aa ...; Eugenio Rodolfo Sanabria Reporter 2025.02.28

Zueitina Oil Revives Al-Sabah Field After Decade-Long Hiatus, Boosting Libyan Production: Tripoli, Libya – Zueitina Oil Company has successfully restarted operations at the Al-Sabah oil field, marking a significant ...; Ana Fernanda Reporter 2025.02.28

Kia and Samsung Electronics Partner to Integrate SmartThings Pro into PBVs: Following Hyundai Motor Company, Kia is also strengthening its collaboration with Samsung Electronics. Kia announced on February 2 ...; Hwang Sujin Reporter 2025.02.28

Korean Pharmaceutical and Biotech Companies Accelerate Expansion of Production Facilities to Secure Global Competitiveness: Seoul, South Korea – Korean pharmaceutical and biotech companies are fiercely competing to expand their production facilitie ...; Hwang Sujin Reporter 2025.02.27

Kia and Samsung Electronics Partner to Revolutionize Business Mobility with AI-Powered PBV: Tarragona, Spain – Kia Corporation and Samsung Electronics have announced a strategic partnership to integrate Samsung&rsquo ...; Desk 2025.02.27

Kenya Coffee Farmers Earn Sh.1.8 Billion in Auction Despite Volume and Price Dip: Nairobi, Kenya – The Nairobi Coffee Exchange (NCE) auction generated Sh.1.8 billion for Kenyan coffee farmers and estates, d ...; Hee Chan Kim Reporter 2025.02.27

Philippines Bolsters Gaming Industry Amidst Rising Regional Competition: MANILA – The Philippine Amusement and Gaming Corp. (PAGCOR) is implementing stricter regulations and accelerating its privat ...; Eugenio Rodolfo Sanabria Reporter 2025.02.27

Philippines Accelerates Renewable Energy and Industrial Growth with Major Investments: MANILA – The Philippines is making significant strides in bolstering its renewable energy sector and industrial landscape, a ...; Eugenio Rodolfo Sanabria Reporter 2025.02.27

Seogwipo City Begins Accepting Applications for Farmer's Allowance Support Project to Stabilize Farm Management and Revitalize the Local Economy: Seogwipo City has announced that it will begin accepting applications for the 'Farmer's Allowance Support Project' from March 4th ...; KO YONG-CHUL Reporter 2025.02.27

KIGAM Develops Cost-Effective and Efficient Lithium Extraction Technology from Brine: A research team led by Dr. Park In-soo at the Korea Institute of Geoscience and Mineral Resources (KIGAM) has developed a novel te ...; HONG MOON HWA Senior Reporter 2025.02.27

Renault Korea to Increase Production of the New Renault Grand Coleos Due to High Popularity: Renault Korea's new Renault Grand Coleos has been making waves in the mid-sized SUV segment, selling an average of 6,000 units per ...; KO YONG-CHUL Reporter 2025.02.26

Yuanta Securities Issues 'Buy' Rating for Shift Up, Citing Strong Growth Potential in China and Beyond: Yuanta Securities has issued a 'buy' rating for Shift Up, a South Korean game developer, with a target price of 90,000 won. This r ...; ONLINE TEAM 2025.02.26

Hyundai Motor Group and Samsung SDI Join Forces to Develop High-Performance Batteries for Robots: Hyundai Motor Group and Samsung SDI have announced a partnership to jointly develop high-performance batteries for robots. The col ...; Desk 2025.02.26

Ulsan Businesses Discuss Participation in Post-War Reconstruction of Ukraine: The Ulsan Chamber of Commerce and Industry announced on February 25th that it had discussed ways for Ulsan-based companies to part ...; LEE YEON SIL Reporter 2025.02.25

Codelco and Anglo American Forge Mega-Alliance to Boost Copper Production: Santiago, Chile – In a landmark move for the Chilean mining industry, state-owned copper giant Codelco and global mining pow ...; Global Economic Times Reporter 2025.02.25

LG Display Pioneers Mass Production of 40-Inch Automotive Displays for Sony Honda Mobility's 'Afeela': SEOUL – LG Display announced on February 24th that it has become the first in the industry to mass produce 40-inch automotiv ...; Yim Kwangsoo Correspondent 2025.02.24

Hyundai E&C Wins Gold at Asia Design Prize for Innovative Housing Model: Seoul, South Korea – Hyundai Engineering & Construction (E&C) has been awarded the Gold Winner in the Space & Ar ...; Desk 2025.02.24

The US battery industry is facing a new turning point through the expansion of large-scale production facilities.: InsideEVs, an electric vehicle media outlet, reported on the 23rd (local time) that 10 new battery plants in the US are scheduled ...; Ana Fernanda Reporter 2025.02.24

Polestar 4 Tops Import EV Sales in January, Overtaking Tesla Model Y: Swedish premium electric vehicle brand Polestar's Polestar 4 topped import EV sales in January, surpassing Tesla. According to the ...; Graciela Maria Reporter 2025.02.23