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 Makes Strides in Women's Employment, But Gender Pay Gap Persists: Seoul, South Korea – South Korea has achieved a new milestone in gender equality with the country’s female employment ...; Desk 2025.01.16

South Korea's Railway Passenger Numbers Surpass Pre-Pandemic Levels: Seoul, South Korea – South Korea’s railway system has seen a significant uptick in passenger numbers, surpassing pre-p ...; Desk 2025.01.16

Sonabus Unveils Innovative 'Manbo Walker' for Seniors: Seoul, South Korea – Sonabus, a startup specializing in senior products, announced today the successful development of its h ...; Global Economic Times Reporter 2025.01.16

Incheon International Airport Sees Record-High Passenger Numbers: Incheon, South Korea – Incheon International Airport has announced that it served a record-breaking 70,669,246 passengers in ...; Desk 2025.01.16

Sangju Outpaces Seoul's Prime Districts in Home Price Growth: Seoul, South Korea – In a surprising turn of events, the city of Sangju, located in North Gyeongsang Province, has emerged a ...; Desk 2025.01.15

LH to Acquire Over 50,000 New Rental Homes Amid Housing Shortage: Seoul, South Korea – The Korea Land and Housing Corporation (LH) has announced plans to purchase over 50,000 newly construct ...; ONLINE TEAM 2025.01.15

Hyundai Engineering & Construction Pioneers Autonomous Delivery Robot Service: Seoul, South Korea – Hyundai Engineering & Construction (HEC) has announced that it will be the first construction compa ...; Desk 2025.01.15

South Korea Expands Specialized Public Rental Housing: Seoul, South Korea – The Ministry of Land, Infrastructure, and Transport announced today the selection of 1,983 units of spe ...; Desk 2025.01.15

South Korea Aims to Boost Fisheries and Marine Tourism in 2025: Seoul, South Korea – South Korea's Ministry of Oceans and Fisheries has unveiled its 2025 plan to revitalize the maritime se ...; Desk 2025.01.14

Samsung Expands Galaxy Ring Lineup with Larger Sizes and Enhanced Sleep Tracking: Seoul, South Korea – Samsung Electronics announced today the expansion of its popular Galaxy Ring with the introduction of t ...; Global Economic Times Reporter 2025.01.14

Samsung TVs Receive Global Certification for Eye Comfort: Seoul, South Korea – Samsung Electronics announced today that its 2025 Neo QLED and Lifestyle TVs have been awarded the EyeC ...; Global Economic Times Reporter 2025.01.13

DaeWon Pharmaceutical Unveils Improved Pain Reliever, Pelubi-S: Seoul, South Korea – DaeWon Pharmaceutical has announced the launch of Pelubi-S, an enhanced version of its popular analgesi ...; Desk 2025.01.13

TSMC Starts Mass Production of 4nm Chips in the US, a Major Milestone in US Semiconductor Manufacturing: Phoenix, Arizona – Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has commenced ...; Sharon Yoon Correspondent 2025.01.13

South Korea's Political Uncertainty Shakes Real Estate Market: Seoul, South Korea – Despite the dawn of a new year, political uncertainty in South Korea continues to cast a long shadow ov ...; Desk 2025.01.12

South Korea Bans Imports of German Pork Due to Foot-and-Mouth Disease Outbreak: Seoul, South Korea – The South Korean government has imposed a ban on imports of pork and pork products from Germany followi ...; Global Economic Times Reporter 2025.01.12

Ministry of Land, Infrastructure and Transport Implements Special Measures for Smooth Delivery During Lunar New Year: Seoul, South Korea – The Ministry of Land, Infrastructure, and Transport (MOLIT) announced today that it will be implementin ...; Desk 2025.01.12

CES 2025: A Showcase of Innovative Startups, Especially from South Korea: Las Vegas, NV – The Consumer Electronics Show (CES) 2025, which concluded on January 10th, was a showcase of groundbreaking ...; Sharon Yoon Correspondent 2025.01.12

Hyundai Motor Group to Invest Record $24.3 Billion in South Korea: Hyundai Motor Group announced today that it will invest a record 24.3 trillion won (approximately $24.3 billion) in South Korea th ...; KO YONG-CHUL Reporter 2025.01.12

Formosa Plastics Group Posts Slim Profit Amidst Sluggish Demand and Chinese Overproduction: Taipei - Taiwan's largest industrial conglomerate, Formosa Plastics Group, reported a modest profit of NT$715 million (US$21.69 mi ...; Ana Fernanda Reporter 2025.01.11

Nepal Oil Corporation Faces Diversification Challenge Amidst Declining Petroleum Demand: Kathmandu: Nepal Oil Corporation (NOC) may face an existential crisis if it fails to diversify its business, warned Minister for I ...; Eugenio Rodolfo Sanabria Reporter 2025.01.11