AI Pick
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KAI Signs $101.4 Billion-Won FA-50PH Support Contract With Philippines
Korea Aerospace Industries (KAI) said Monday it has signed a performance-based logistics (PBL) contract with the Philippine Department of National Defense for FA-50PH fighter jets. The contract is worth about 101.4 billion won and runs through 2028, the company said. KAI said it previously signed a one-year PBL pilot contract worth 27 billion won with the Philippines in December 2024, the first such deal with an export customer. It said the pilot delivered stable operations and high air
February 9, 2026
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Hanwha Aerospace posts record 3 trillion won operating profit in 2025
Hanwha Aerospace said in a regulatory filing on Monday that it posted 26.6078 trillion won ($26,607.8 billion) in revenue last year and 3.0345 trillion won ($3,034.5 billion) in operating profit. The figures were up 137% and 75%, respectively, from a year earlier, marking a third straight year of record results. The company attributed the gains to steady growth in its ground defense and aerospace businesses, as well as the full-year consolidation of Hanwha Ocean into its financial statemen
February 9, 2026
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Bukwang Pharmaceutical tops 200 billion won in annual sales for first time; operating profit up 775%
Bukwang Pharmaceutical said Monday that its consolidated operating profit for last year rose 775.2% from 2024 to 14.1 billion won. Revenue increased 25.4% to 200.7 billion won, topping 200 billion won in annual sales for the first time since the company was founded. On a conference call, the company said stronger sales of its diabetic neuropathy treatments Dexid and Thioctacid, along with the antipsychotic drug Latuda, drove the improvement. Sales of the Dexid- and Thioctacid-centered
February 9, 2026
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National Museum of Korean Literature chief pushes to broaden public access to K-literature
"If a museum’s main work is collecting and researching materials, a literature museum is a place that should be shared with the public," Im Heon-young, director of the National Museum of Korean Literature, said. "I want to make it a space where everyone — not only writers — can enjoy literature." Im made the remarks on Feb. 9 at a news conference in Seoul’s Jongno district marking his first month in office, repeatedly stressing the goal of making literature more access
February 9, 2026
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NH NongHyup Bank to Expand Venture Capital Investment in K-Food Startups
NH NongHyup Bank said Monday it held a strategy meeting at its headquarters in Jung-gu, Seoul, chaired by its CEO, to boost venture capital investment in K-food. The meeting was aimed at moving beyond traditional loan-centered financing by expanding venture investment in promising agri-food startups and growth companies, strengthening what the bank called “productive finance.” The bank said it is developing strategic investment plans focused on key agricultural industries drawing global
February 9, 2026
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HD Korea Shipbuilding & Offshore posts 2025 operating profit of 3.9045 trillion won, up 172.3%
HD Korea Shipbuilding & Offshore, the intermediate holding company for HD Hyundai’s shipbuilding business, said Monday in a regulatory filing that its 2025 consolidated revenue rose 17.2% from a year earlier to 29.9332 trillion won, while operating profit jumped 172.3% to 3.9045 trillion won. Fourth-quarter revenue increased 13.8% to 8.1516 trillion won, and operating profit rose 108% to 1.0379 trillion won from the same period a year earlier, it said. By affiliate, HD Hyundai Heavy I
February 9, 2026
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POSCO Cuts Output at Pohang No. 2 Wire Rod Mill, Reassigns Half of Shifts
China-driven oversupply and a prolonged slowdown in global steel demand are pushing POSCO to idle key facilities at its Pohang Works. After shutting its No. 1 wire rod mill in 2024, the company is now moving to sharply cut output at the No. 2 wire rod mill, deepening a restructuring of production. According to Ajunews reporting on Saturday, POSCO has recently been reassigning workers from the No. 2 wire rod mill to other departments. The mill has operated with four shift teams, and two te
February 9, 2026
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PSG’s Lee Kang-in scores in second match back from injury for his second league goal
Paris Saint-Germain midfielder Lee Kang-in scored his second Ligue 1 goal of the season as PSG routed Marseille 5-0. PSG won the 2025-2026 Ligue 1 Round 21 home match at Parc des Princes in Paris on Sunday. Lee came on in the 68th minute for Bradley Barcola and needed six minutes to score. He took a pass from Senny Mayulu, slipped past a defender with a quick touch inside the penalty area and fired a left-footed shot that stayed low and beat the goalkeeper. It was Lee’s first goal i
February 9, 2026
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Seahawks beat Patriots 29-13 to win Super Bowl 60, first title since 2014
The Seattle Seahawks won the second Super Bowl title in franchise history, their first since 2014. Seattle beat the New England Patriots 29-13 in Super Bowl 60 at Levi’s Stadium in Santa Clara, California. The win came 11 years after Seattle lost to New England in the 2015 Super Bowl. Seattle’s defense set the tone, repeatedly stopping New England and helping the Seahawks build a 12-0 lead through three quarters. The game’s first touchdown did not come until early in the fourth quar
February 9, 2026
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iM Financial Chairman Hwang Byung-woo Holds Town Hall With Employees
iM Financial Group said Monday it held a town hall meeting at iM Bank’s second headquarters to strengthen communication with holding company employees. The event, titled “iM PRO Donation Challenge with the CEO,” combined an open discussion with a participatory giving program run by the iM Social Contribution Foundation. Chairman Hwang Byung-woo has promoted employee communication as an ongoing part of corporate culture since taking office. The group held town halls last year on themes in
February 9, 2026