Samsung widens lead in foldable market with latest Galaxy 7

SEOUL, December 05 (AJP) - Samsung Electronics widened its commanding lead in the foldable smartphone segment it pioneered, capturing 64 percent of the global market in the third quarter with its latest Galaxy Z Fold7 despite intensifying competition from Chinese brands, research showed. Global foldable shipments rose 14 percent on-year in the July–September period — the highest quarterly volume to date — with Samsung’s book-type flagship exerting “o

December 5, 2025

South Korea's LIG Nex1 seeks to localize chips for AESA, SAR radar systems

SEOUL, December 05 (AJP) - South Korean defense contractor LIG Nex1 has launched a project to develop key semiconductors for active electronically scanned array (AESA) and synthetic aperture radar (SAR) systems using fully domestic technology. The company said it signed agreements on Nov. 28 with the Defense Technology Promotion Research Institute to co-develop X-band common monolithic microwave integrated circuit (MMIC) and front-end module platforms for AESA radar, as well as

December 5, 2025

Korea's CJ picks safe site for first U.S. Olive Young store to test offline popularity of K-beauty

SEOUL, December 05 (AJP) - CJ is taking a measured approach as it prepares to plant the Olive Young flag in the world’s largest beauty market, selecting Pasadena, California, as the location for its first U.S. store — a choice driven by demographic safety, retail compatibility and the growing appeal of Korean skincare across America’s diverse consumer base. “Pasadena is not far from downtown LA, has a relatively high share of high-income residents and a ret

December 5, 2025

Quiet flight from Coupang after data breach deepens pain for small vendors

SEOUL, December 05 (AJP) - Fallout from Coupang’s massive data breach is widening beyond consumers to tens of thousands of small vendors across South Korea who rely on the e-commerce giant as a primary sales channel and livelihood. The National Assembly Science and ICT Committee has scheduled another hearing on Dec. 17 to examine a growing number of complaints against Coupang, including difficulties in canceling subscriptions or discontinuing platform use. Lawmakers say the sc

December 5, 2025

Low pay for AI talent is driving skilled workers overseas, BOK warns

SEOUL, December 05 (AJP) - South Korea offers the lowest wage premiums for artificial intelligence specialists among major advanced economies, placing the country at a disadvantage in the global battle for high-tech talent, the Bank of Korea said in a report released Friday. The analysis, presented at a seminar co-hosted with the Korea Chamber of Commerce and Industry, called for upgrading compensation systems and research environments to meet international standards. Using

December 5, 2025

SK's battery recycling technology published in international journal

SEOUL, December 05 (AJP) - South Korea's SK Innovation said Friday its lithium iron phosphate (LFP) battery recycling technology has been published in the international journal Separation and Purification Technology. The company said conventional recycling processes for LFP batteries have struggled with environmental and cost burdens, including byproduct treatment and wastewater generation. Its newly developed method uses only water, carbon dioxide and hydrogen peroxide to s

December 5, 2025

Breakout success of ARC Raiders paves the way for Korean style extraction shooting

SEOUL, December 05 (AJP) - Nexon's ARC Raiders has crossed 7 million global sales just over a month after launch, spawning the rise of what industry watchers are calling a new "K-extraction shooter" genre defined by communal play, lower violence and robot-target gun-down. Developed by Nexon subsidiary Embark Studios, ARC Raiders logged 400,000 cumulative sales within two weeks of its Oct. 30 release. Steam concurrency rose from 350,000 in the first weekend to 480,000 b

December 5, 2025

Coupang sees drop in daily users after massive data breach

SEOUL, December 5 (AJP) - Coupang, South Korea's leading e-commerce giant, has been seeing a drop in daily users after a massive data breach was detected late last month. According to an analysis by market researcher IGAWorks on Thursday, Coupang's daily active users fell to 17.80 million last Tuesday, down from a record 17.98 million the previous day. This marks the first decline after three consecutive days of increase since last Saturday, despite the breach. With dai

December 5, 2025

Amazon executive, South Korea's AI officials explore cooperation

SEOUL, December 05 (AJP) - South Korea’s AI Strategy Committee said Friday that David Zapolsky, Amazon’s senior vice president for global public policy and legal affairs, has visited the committee's vice chairman, Lim Moon-young, to discuss cooperation on artificial intelligence and cloud infrastructure. During the meeting, Amazon outlined its ongoing investments in AI and cloud services in South Korea and discussed potential collaboration on the government&rsquo

December 5, 2025

Hancom Lifecare to supply K5 gas masks to Korean military

SEOUL, December 05 (AJP) - Hancom Lifecare, a safety equipment subsidiary of Hancom Group, said Friday it has secured a major contract to supply gas masks to the South Korean armed forces. The company said it signed a 185 billion won ($13.8 million) agreement with the Defense Acquisition Program Administration to deliver about 80,000 K5 gas masks by 2026. The K5 model, developed between 2010 and 2014, features a single-lens visor for improved visibility and dual filters desig

December 5, 2025