Five Hanjin airlines adopt Starlink high-speed Wi-Fi across fleets

SEOUL, December 05 (AJP) - Five airlines under South Korea’s Hanjin Group will adopt SpaceX’s Starlink satellite internet service to provide high-speed in-flight Wi-Fi, Korean Air said on Friday. The move, which includes Korean Air, Asiana Airlines, Jin Air, Air Busan and Air Seoul, marks the first deployment of Starlink by a South Korean carrier. Starlink operates a network of more than 8,000 low-earth orbit satellites and offers speeds of up to 500 Mbps, allowin

December 5, 2025

Korea–Syria forum explores post-civil war reconstruction, economic partnership

SEOUL, December 05 (AJP) - South Korea and Syria held their first joint business forum in Damascus on Dec. 4, marking a rare step toward expanded economic engagement as Syria seeks partners for reconstruction and modernization efforts. The forum, hosted by the foreign ministries of both countries and organized by KOTRA and the Federation of Syrian Chambers of Commerce, took place at the Sheraton Hotel in central Damascus. According to KOTRA, around 100 government officials, busi

December 5, 2025

South Korea expected to top $700 billion in exports for first time: KITA

SEOUL, December 05 (AJP) - South Korea’s exports are on track to surpass $700 billion for the first time this year, with momentum expected to continue into 2026, the Korea International Trade Association (KITA) said on Friday. KITA forecasts exports will climb 3 percent from last year to $704 billion, while imports are projected to edge down 0.3 percent to $630 billion, producing a $74 billion trade surplus. The report cites strong performances in semiconductors and shi

December 5, 2025

Samsung Heavy signs deals in US to boost role for MASGA

SEOUL, December 05 (AJP) - Samsung Heavy Industries is deepening its shipbuilding cooperation with the United States, targeting next-generation naval support ships and liquefied natural gas (LNG) vessels as part of an expanded push into the U.S. market. At the International WorkBoat Show in New Orleans this week, Samsung signed a three-way business cooperation agreement with U.S. shipbuilder General Dynamics NASSCO and South Korean engineering firm DSEC. The agreement covers col

December 5, 2025

South Korea takes steps to safeguard rare earths, critical energy resources

SEOUL, December 05 (AJP) - South Korea has launched a national council to stabilize supplies of rare earth elements and expand strategic reserves, amid heightened global supply chain volatility. The council, chaired by Trade, Industry and Energy Minister Kim Jeong-gwan, convened for the first time on Friday with vice-ministers from related ministries to review a comprehensive rare earth supply chain strategy. The body will oversee the government's resource secur

December 5, 2025

Revised Commercial Act adds legal uncertainty to Korea's M&A landscape

SEOUL, December 04 (AJP) - South Korea’s C-suite and boards must now weigh shareholder rights as heavily as employee considerations under the revised Commercial Act, a shift posing as a setback to bold, owner-driven decision-making long associated with chaebols. The implications of the overhaul were a central focus at a capital markets and M&A seminar hosted in Seoul by law firm Shin & Kim on Thursday, where corporate lawyers and market participants examined how the

December 4, 2025

With too many skeletons out of the closet, Coupang founder Kim may have to come out

SEOUL, December 04 (AJP) - Coupang earns roughly 90 percent of its estimated $34 billion in revenue from Korea, yet operates and trades as a U.S.-based company often dubbed "Korea's Amazon." Increasingly, however, it resembles something closer to a Chinese tech firm—with opaque recruiting practices and oversight failures that culminated in the mass-scale data leak exposing virtually all of its online shoppers. For negligence and liability related to the loss of

December 4, 2025

South Korea's Kolon Industries joins hands with Canadian firm for fuel cell business

SEOUL, December 04 (AJP) - Kolon Industries said Thursday it has signed a memorandum of understanding with Canada’s Ballard Power Systems to expand cooperation in hydrogen fuel cell components, strengthening its push into the clean-energy sector. The agreement was signed at the World Hydrogen 2025 event held at KINTEX in Goyang, Gyeonggi Province. Ballard, founded in 1979, is a major global supplier of high-efficiency, durable hydrogen fuel cell technology used in buses

December 4, 2025

SK hynix unveils major reorganization to bolster HBM, AI-era memory leadership

SEOUL, December 04 (AJP) - SK hynix said Thursday it has created a dedicated high-bandwidth memory (HBM) unit to provide faster technical support and bolster market responsiveness in North America. It also established a new team responsible for HBM packaging, quality and yield management across development and mass production. The move is aimed at reinforcing its position in the global AI era and ensure sustainable growth, the company said. The company also plans to esta

December 4, 2025

South Korea's union membership rises to 2.77 million

SEOUL, December 04 (AJP) - South Korea’s trade union membership increased to 2.77 million at the end of last year, up by about 40,000 from a year earlier, the Ministry of Employment and Labor said on Thursday. The national unionization rate held steady at 13 percent as the pool of eligible workers continued to expand. The Federation of Korean Trade Unions (FKTU) remained the country’s largest labor umbrella group with 1.2 million members, accounting for 43.3 perce

December 4, 2025