SEOUL, December 27 (AJP) - Coupang shares rose on the New York Stock Exchange (NYSE) on Friday (local time), the first trading day after the company released its own findings on a major personal data leak. Coupang Inc., the parent company of the e-commerce firm, closed up 6.45 percent at $24.27 on the NYSE. U.S. markets were closed the previous day for Christmas, making Friday the first session after the announcement. Coupang said in a news release on Thursday that it had ide

SEOUL, December 26 (AJP) -LG Energy Solution (LGES) has terminated a 3.9 trillion won ($2.7 billion) battery supply contract with Freudenberg Battery Power Systems (FBPS), marking a second major cancellation in quick succession as the Korean battery maker grapples with a slowdown in the global electric-vehicle market. In a regulatory filing Friday, the South Korean battery maker said it mutually agreed with FBPS to end the contract after the U.S.-based company decided to withdraw fr

SEOUL, December 26 (AJP) -Shinsegae Group has become another South Korean major retailer to report data breach involving 80,000 employees and workers at partner companies, although no customer data was compromised. Shinsegae I&C, the group’s information technology arm, said Friday it had detected signs of unauthorized access to its internal intranet and confirmed that employee-related data had been leaked. The exposed information includes corporate ID numbers, name

SEOUL, December 26 (AJP) - Mirae Asset Securities is preparing to introduce omnibus accounts that would allow foreign investors to trade South Korean stocks without opening local brokerage accounts, according to industry sources. The securities firm is developing systems and updating contract documents while working with overseas affiliates in the United States and Europe to prepare for account openings and service launches, industry officials said Friday. Omnibus accounts enable

SEOUL, December 26 (AJP) - Korea Aerospace Industries (KAI) signed a contract with the Philippines on Friday to upgrade 11 FA-50PH fighter jets for about 93 billion won ($65 million). The deal includes aircraft performance upgrades and follow-on logistics support for jets delivered between 2015 and 2017, with work to be completed by 2029, the South Korean aircraft manufacturer said. The upgrade will strengthen the FA-50PH's ability to operate precision-guided weapons, exten

SEOUL, December 26 (AJP) - For the first time in its CES history, Samsung Electronics will operate a fully standalone exhibition space, breaking away from its long-established practice of presenting its products in the Las Vegas Convention Center’s Central Hall. The move underscores Samsung’s push to position itself as a leader in connected AI ecosystems ahead of next year’s show. Samsung has secured a 4,628-square-meter venue at the Wynn Las Vegas hotel, separat

SEOUL, December 26 (AJP) - Samsung Electronics plans to introduce its first fully in-house graphics processing unit (GPU) as part of a new Exynos application processor scheduled for release in 2027, marking a major step in the company’s efforts to strengthen control over on-device AI performance. According to industry sources on Thursday, Samsung’s System LSI division is developing a proprietary GPU architecture to be integrated into the tentatively named Exynos 2800.

SEOUL, December 25 (AJP) -South Korea has elevated its response to the massive personal data breach at e-commerce giant Coupang, placing the interagency investigation under the leadership of the deputy prime minister for science as concerns grow over accountability, transparency and regulatory oversight. The Ministry of Science and ICT said Thursday that the government will expand its joint task force probing the breach and have it chaired by Deputy Prime Minister and Science Mini

SEOUL, December 25 (AJP) -South Korea's defense and shipyard-strong Hanwha Group has begun preparations at its Philadelphia shipyard to support the production of nuclear-powered submarines and other naval vessels for the United States, as Washington moves forward with an ambitious shipbuilding expansion plan under President Donald Trump’s “Golden Fleet” initiative. Tom Anderson, president of Hanwha Defense USA’s shipbuilding business and a retired U.S. Na