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 Jeolla Province to Build Major Space Launch Complex: Goheung, South Korea – South Jeolla Province announced on January 25 that it will begin construction of a major space launch ...; Global Economic Times Reporter 2025.01.26

Chinese Shipbuilders Overtake South Korea Amidst Global Shipbuilding Boom: Seoul, South Korea – A recent report from Clarksons Research has revealed a significant shift in the global shipbuilding la ...; JEONG CHAN MYEONG Senior Reporter 2025.01.26

Seoul's Luxury Apartment Market Soars as Prices Hit Record Highs: Seoul, South Korea – The South Korean capital's luxury apartment market has experienced a dramatic surge, with over half of ...; Hwang Sujin Reporter 2025.01.26

Korean Air Introduces New Airbus A350-900 Aircraft: Seoul, South Korea – Korean Air announced today that it will be introducing its first two Airbus A350-900 aircraft into serv ...; Global Economic Times Reporter 2025.01.26

Peruvian Anchovy Fishing Season Exceeds Expectations, Boosting Exports: Lima, Peru – January 23, 2025 – Peru’s second anchovy fishing season has concluded with record-breaking results, ...; Eugenio Rodolfo Sanabria Reporter 2025.01.25

Salvadoran Brewery Invests $60 Million, Citing Government's Pro-Business Reforms: San Salvador, El Salvador – Cervecería Salvadoreña, one of the country's leading breweries, is set to invest $ ...; Pedro Espinola Special Correspondent 2025.01.25

El Salvador's EDP Power Plant Delivers Significant Savings and Environmental Benefits: San Salvador, El Salvador – Energía del Pacífico (EDP), a privately-owned liquefied natural gas (LNG) power ge ...; Pedro Espinola Special Correspondent 2025.01.25

Genesis Unveils Revolutionary GV60 Concept for Extreme Conditions: Davos, Switzerland – Genesis, Hyundai Motor Group’s luxury brand, has unveiled its latest concept vehicle, the GV60 Mo ...; Eugenio Rodolfo Sanabria Reporter 2025.01.25

South Korea Sees Uptick in Population Migration Amid Housing Market Boom: Seoul, South Korea – South Korea experienced a resurgence in population migration last year, driven by an increase in home s ...; Desk 2025.01.25

Chinese EV Makers Sue EU Over High Tariffs: Three of China's leading electric vehicle (EV) manufacturers, BYD, Geely, and SAIC Motor, have filed a lawsuit against the Europea ...; Eugenio Rodolfo Sanabria Reporter 2025.01.24

Soaring Rent in Seoul Amid Housing Shortage and Fraud Scandals: Seoul, South Korea – Rent prices for apartments, villas, and officetels in Seoul have been steadily climbing due to a combin ...; ONLINE TEAM 2025.01.22

El Salvador to Build Five Skyscrapers in 2025: San Salvador - El Salvador is set to embark on an ambitious construction project, with five new skyscrapers over 35 stories slated ...; Graciela Maria Reporter 2025.01.22

South Korean Drone Startups Soar Towards IPO: Several South Korean drone startups are poised to take flight on the public market, as they gear up for Initial Public Offerings ( ...; KO YONG-CHUL Reporter 2025.01.20

South Korea to Expand Mid-Sized Urban Living Housing to Accommodate Growing Families: Seoul, South Korea – South Korea's Ministry of Land, Infrastructure, and Transport announced on January 20 that it will rela ...; KO YONG-CHUL Reporter 2025.01.20

GoYoung's Stock Jumps on US FDA Approval for Medical Robot: Seoul, South Korea – GoYoung, a leading South Korean semiconductor inspection equipment manufacturer, saw its stock price sk ...; Global Economic Times Reporter 2025.01.20

Daejeon City Launches Film Industry Promotion Committee to Foster Growth: Daejeon, South Korea – Daejeon City has taken a significant step towards becoming a leading hub for the film industry. On [D ...; HONG MOON HWA Senior Reporter 2025.01.17

Panama Takes Major Step Towards David-Panama Train: Panama City - In a landmark development for the nation, the Panamanian government has signed a contract with AECOM USA for the dev ...; Global Economic Times Reporter 2025.01.17

South Korea Unveils Comprehensive Plan to Strengthen Competitiveness of Electric Vehicles and Secondary Batteries: The South Korean government has announced a comprehensive plan to bolster the competitiveness of the electric vehicle and secondar ...; Desk 2025.01.16

BYD Challenges Korean EV Market with Aggressive Pricing: Incheon, South Korea – BYD, the world's largest electric vehicle (EV) manufacturer, is making a bold move into the competiti ...; Eugenio Rodolfo Sanabria Reporter 2025.01.16

Yongin City to Invest 120.2 Billion Won in Livestock Farming: Yongin, South Korea – Yongin City has announced a significant investment of 120.2 billion won to support local livestock far ...; Desk 2025.01.16