Pulmuone's shelf-stable food sales jump 25.5% in first half SEOUL, September 02 (AJP) - South Korea's Pulmuone Foods announced Wednesday that first-half sales of its ambient products rose 25.5 percent from a year earlier to a record high, as the company known for chilled and frozen fare pushes to diversify its portfolio. The ambient line, foods that require no refrigeration, has become a central growth target for Pulmuone Foods, the company's total food revenue climbing to 13 percent in the first half from about 7 percent a year earlier. Online September 2, 2026

Samsung, SK buybacks keep KOSPI afloat despite broad selling SEOUL, September 01 (AJP) - South Korea's benchmark stock index eked out a gain Tuesday as massive share buybacks by Samsung Electronics and SK hynix absorbed heavy selling by foreign, institutional and retail investors, while record chip exports helped steady sentiment despite a sharp rise in bond yields. The benchmark KOSPI closed at 6,835.80, up 0.23 percent from the previous session. The index fell as low as 6,732.47 in early trading before recovering to an intraday high of 6,857.35. T September 1, 2026

Hyundai Motor's August sales fall sharply due to strikes SEOUL, September 1 (AJP) - Hyundai Motor's sales fell sharply in August as production was disrupted by labor strikes, the automaker said on Tuesday. It sold 288,574 vehicles worldwide in August, down 14.2 percent from a year earlier, as domestic sales plunged 41.1 percent to 34,333 and overseas sales fell 8.5 percent to 254,241. Sedans led domestic sales with 10,922 units including 5,931 Grandeurs, 3,105 Sonatas and 1,462 Avantes. It also sold 10,810 recreational vehicles or sport utility September 1, 2026

Asiana Airlines launches daily flights to Kobe SEOUL, September 1 (AJP) - Asiana Airlines launched a new route connecting Incheon to Kobe, Japan, on Tuesday as part of efforts to expand its services to meet demand for travel between the neighboring countries. The route operates daily using the airline's short-haul Airbus A321neo aircraft, with flights departing Incheon International Airport at noon and arriving at Kobe Airport, located on an artificial island in Osaka Bay in western Japan, at 2 p.m. The return flight departs Kobe at 3 p September 1, 2026

Samsung Biologics, union to resume mediation SEOUL, September 01 (AJP) - Samsung Biologics and its labor union will resume mediation as early as Sept. 8 in a fresh attempt to settle a wage dispute that prompted the first strike in the South Korean contract drug manufacturer's history. The union said Tuesday it expected the talks to "pick up speed" once mediation opens, as the company has agreed to submit its own proposal after the process begins. The Incheon Regional Labor Relations Commission has agreed to bring the schedu September 1, 2026

Late monsoon pushes online shopping to record high in July SEOUL, September 1 (AJP) - Online shopping in South Korea reached a record high in July, largely due to increased spending on food delivery, according to data released by Statistics Korea on Tuesday. A record 25.01 trillion won (US$18.24 billion) worth of online transactions were made in July, up 7.3 percent from a year earlier and the highest since relevant data were first compiled in 2017. The ministry attributed the increase to more spending on food delivery, groceries and automobile-relate September 1, 2026

Seoul toughens crackdown on overcharging eateries SEOUL, September 01 (AJP) - South Korea will suspend restaurants and other food businesses on their first overcharging offense, moving to curb the price-gouging scandals that have battered the reputation of traditional markets such as Seoul's Gwangjang Market. The Ministry of Food and Drug Safety said Tuesday it had revised and promulgated the enforcement decree of the Food Sanitation Act, replacing a corrective order for a first violation with a five-day suspension effective immediately. September 1, 2026

KOSPI reverses early losses as chip gains offset SEOUL, September 01 (AJP) - South Korean stocks reversed early losses Tuesday morning, with the benchmark KOSPI edging higher as gains in Samsung Electronics and SK hynix offset renewed U.S.-Iran tensions, rising oil prices and pressure from higher U.S. Treasury yields. The KOSPI stood at 6,844.90 as of 10:30 a.m., up 0.4 percent from the previous session. The index had fallen as low as 6,732.47 after opening lower before rebounding to an intraday high of 6,857.35, a swing of nearly 125 points September 1, 2026

South Korea expands financial education for soldiers SEOUL, August 31 (AJP) - South Korea will step up financial education for young soldiers as higher military pay and savings programs leave them with more money to manage, while concerns grow over exposure to online gambling, risky investments and high-interest loans. The Financial Services Commission (FSC) said Monday its Financial Education Council approved a plan to strengthen financial training for military personnel, with the Ministry of National Defense (MND), Financial Supervisory Service August 31, 2026

Korean chip stocks reverse a 3% morning plunge SEOUL, August 31 (AJP) - Korean semiconductor stocks absorbed the full force of Friday's selloff in New York technology shares and then reversed it inside a single session, pulling the main index in Seoul back into positive territory from a loss of more than 3 percent earlier in the day. The reversal was not a verdict on the U.S. Federal Reserve. It was concentrated in a handful of memory and component names, and the broader market did not follow them. The KOSPI ended 31.14 points, or 0.46 August 31, 2026