South Korea to expand English-language disclosures for global investors

SEOUL, November 17 (AJP) - South Korea’s top financial regulator is moving to make corporate information more accessible to global investors, unveiling a new disclosure plan that would significantly expand English-language reporting and tighten transparency around shareholder meetings and executive pay. The Financial Services Commission announced the proposed changes on Monday in an effort to strengthen shareholder rights and bring local practices closer to international s

November 17, 2025

Chip sales to the U.S. and Nvidia take up 70% and 27% of SK hynix revenue as of Sept

SEOUL, November 17 (AJP) -SK hynix sold 45.18 trillion won ($31 billion) worth of memory chips to the United States as of September this year, up 65 percent from the seven-month period of last year and taking up 70 percent of the South Korean chipmaker's revenue as of the third quarter. According to the full third-quarter disclosure, the chipmaker owed 17.35 trillion won in revenue to a single buyer as of September, more than doubling from 6.1 trillion won in the same period a

November 17, 2025

HD Hyundai to supply 230 electric forklifts to Venezuela's Polar Group

SEOUL, November 17 (AJP) - HD Hyundai Site Solutions has secured its largest electric forklift contract in Latin America, winning an order from Venezuela’s Polar Group. The company said Monday it will supply 230 electric forklifts to Polar, the country’s biggest food producer, with deliveries scheduled through January 2026. The deal, valued at more than 10 billion won, includes 178 units in the 2-ton class and 52 heavier models in the 3-ton and 4.5-ton ranges. HD

November 17, 2025

Hyundai Glovis completes shipment of tanks, howitzers to Poland

SEOUL, November 17 (AJP) - Hyundai Glovis, the logistics arm of Hyundai Motor Group, said Monday it has completed another shipment of South Korean-made military equipment to Europe, as the company expands its role in the region’s defense supply chain. The company delivered 20 K2 main battle tanks built by Hyundai Rotem and 21 K9 self-propelled howitzers produced by Hanwha Aerospace to the Polish port of Gdansk on Nov. 13. The hardware was transported aboard Hyundai Glovis&

November 17, 2025

PHOTOS: Exam season

SEOUL, November 17 (AJP) - For South Korean families, November is the month of the national university entrance exams. Far from being a mere academic hurdle, it is a period that consumes the nation, climaxing in the College Scholastic Ability Test (CSAT), or Suneung, and the subsequent, high-stakes essay examinations. While the students bear the immediate, exhausting burden of preparation, the weight of the moment extends deeply into the lives of their parents. They, too, are thru

November 17, 2025

KOSPI defies overall subdued mood in Asia, friction weighs over Tokyo and Shanghai

SEOUL, November 17 (AJP) - South Korea’s stock market opened the week on a strong note Monday, lifted by easing concerns over an AI bubble ahead of Nvidia’s quarterly results and trade uncertainties with the United States, in contrast to the subdued sentiment across most of Asia. As of 9:03 a.m., the KOSPI was up 1.7 percent at 4,079.41, while the tech-heavy Kosdaq added 0.6 percent to 903.26. Market heavyweights led the advance, with Samsung Electronics jumping 3.7 percent to 1

November 17, 2025

South Korea elected chair of key global food standards committee

SEOUL, November 17 (AJP) - South Korea has been elected chair of the Codex Committee on Processed Fruits and Vegetables, securing a larger role in shaping global food rules at the 48th Codex Alimentarius Commission meeting held in Rome from Nov. 10 to 14. The appointment coincides with the commission’s approval of South Korea’s proposal to add the term “kimchi cabbage” to international standards for kimchi — a move officials say strengthe

November 17, 2025

Korea's bakery hotspot London Bagel chain moves to fix working conditions

SEOUL, November 17 (AJP) - LBM, the operator of South Korea’s bakery hotspot London Bagel Museum and now under expansive investigation over alleged labor abuses, on Monday unveiled a comprehensive set of remedial measures to improve working conditions. The initiative focuses on bolstering job stability, enforcing compliance with legal working hours, and upgrading store-level safety and health systems. Repeatedly apologizing to employees and customers, CEO Kang Kwan-gu

November 17, 2025

Hanwha Aerospace takes command of Korea's first privately led rocket launch

SEOUL, November 17 (AJP) - South Korea is gearing up for the launch of its fourth Nuri rocket on Nov. 27, a milestone that marks the country’s transition from government-led space projects to a growing private-sector ecosystem. Officials say the shift is expected to open new export opportunities for domestic defense and aerospace companies as global demand for launch services accelerates. The Korea Aerospace Research Institute said the rocket is scheduled to lift off be

November 17, 2025

South Korea targets AI, R&D collaboration in broader ASEAN strategy

SEOUL, November 17 (AJP) - South Korea is seeking to upgrade its free trade agreement with the Association of Southeast Asian Nations (ASEAN) to strengthen digital trade and ease regulatory hurdles for companies operating in the region, a senior government official said Monday. Yeo Han-koo, South Korea’s chief trade negotiator, said the government plans to prioritize the removal of non-tariff barriers that have slowed South Korean firms’ entry into fast-growing ASEAN

November 17, 2025