As Trump targets pharma, Korean biotech firms reassess US strategies

U.S. President Donald Trump gestures as he arrives in Maryland, April 13, 2025. Reuters-Yonhap Editor's Note: This is the fourth in a series of stories examining how the Trump administration's economic policies affect South Korea's key industries. SEOUL, April 23 (AJP

POSCO, Hyundai Steel report disappointing first-quarter results

SEOUL, April 25 (AJP) - South Korea’s top steelmakers, POSCO and Hyundai Steel, posted disappointing first-quarter results as a confluence of weak global demand, Chinese oversupply, and new U.S. tariffs weighed heavily on the industry. POSCO Holdings reported 14.96 trillion won

LG Electronics weighs price hikes in US amid tariff pressures

SEOUL, April 25 (AJP) - LG Electronics is weighing potential price increases for U.S.-bound home appliances if tariffs imposed by Washington surpass what the company considers sustainable, according to CEO Jo Joo-wan. Jo said that while the company is striving to offset the impac