Business
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HMM races toward net-zero as privatization battle looms
Editor's Note: This article is the 37th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, September 25 (AJP) - South Korea's state-run sea carrier HMM is betting big on clean fuel, digitalized fleet management, and business diversification as it navigates a turbulent freight cycle and an uncertain privatization push. On Sept. 12, HMM signed a 10-ye
September 25, 2025 -
Kuwait revives delayed housing project with South Korean partner
SEOUL, September 25 (AJP) - South Korea’s state-run Land and Housing Corporation said Friday that work has resumed on a long-delayed housing development in Kuwait, reviving one of the Middle East’s largest urban projects. The development of Abdullah New City, located about 30 kilometers west of Kuwait City, is designed to provide 43,000 homes across 6.44 million square meters of desert land. The project, which carries an estimated budget of 23.6 trillion won, or ab
September 25, 2025 -
HD Hyundai discusses shipbuilding cooperation with Saudi Arabia
SEOUL, September 25 (AJP) - HD Hyundai is expanding its cooperation with Saudi Arabia in the shipbuilding sector, strengthening ties through joint ventures and technology partnerships tied to the kingdom’s Vision 2030 initiative. The company said Thursday its vice chairman, Jeong Ki-seon, met with Saudi Investment Minister Khalid Al-Falih at the Banyan Tree Hotel in Seoul to discuss the progress of a joint shipyard and engine plant under construction in Saudi Arabia. The t
September 25, 2025 -
India's information minister meets Krafton executives in Seoul
SEOUL, September 25 (AJP) - India’s Minister of Information and Broadcasting, Logesh Rajendran Murugan, visited Krafton’s headquarters in Seoul on Wednesday, marking the first visit by an Indian central government minister to the South Korean game publisher. Krafton said Thursday the meeting highlighted India’s importance as a strategic market and provided an opportunity to discuss policy cooperation and business collaboration. Murugan, who also serves as Mi
September 25, 2025 -
Naver moving to acquire Korea's top cryptocurrency exchange operator
SEOUL, September 25 (AJP) - South Korean internet and tech powerhouse Naver Corp. is moving to integrate the nation's leading cryptocurrency exchange, Upbit, into its ecosystem by acquiring Upbit's operator, Dunamu Inc. The core of the proposed deal is a comprehensive stock swap between Naver's fintech subsidiary, Naver Financial, and Dunamu. The news, which marks a major convergence between South Korea's dominant internet portal and the country's largest
September 25, 2025 -
BlackRock's Samsung stake surpasses Lee family as KOSPI soars
SEOUL, September 25 (AJP) - Samsung Electronics Co. remains a top pick for BlackRock Inc., which has reaped outsized gains from its bullish bet on the KOSPI — this year's best-performing major equity index globally. The world's largest asset manager now holds a larger stake in Korea's chip titan than the controlling Lee family. BlackRock owns 5.07 percent of Samsung Electronics, a position valued at 25.4 trillion won ($18.1 billion) based on Tuesday's closing p
September 25, 2025 -
Hanmi Global expands in Middle East with Kuwait, Saudi contracts
SEOUL, September 25 (AJP) - Hanmi Global announced on Thursday that it had secured a series of construction management contracts in the Middle East. The company won three construction supervision contracts from Kuwait’s Public Authority for Housing Welfare, valued at about 31 billion won, or roughly $22 million. In Saudi Arabia, it secured a separate deal worth 16 billion won to provide project management services for part of the kingdom’s vast Green Riyadh initiativ
September 25, 2025 -
Autonomous navigation advances as Samsung Heavy completes trans-Pacific test
SEOUL, September 25 (AJP) - Samsung Heavy Industries said on Thursday that it had successfully tested an artificial intelligence–based autonomous navigation system on a trans-Pacific voyage, a milestone in the shipping industry’s push toward automation and efficiency. The system, known as Samsung Autonomous Ship (SAS), was installed on a 15,000-TEU container vessel operated by Evergreen Marine of Taiwan. The ship departed Oakland, Calif., on Aug. 25 and arrived in
September 25, 2025 -
Medical schools lose appeal as semiconductor careers promise six-figure salaries
SEOUL, September 24 (AJP) - University applicants are increasingly opting for majors that guarantee employment at major companies after graduation, rather than medical schools, which have long been the preferred choice among many top-scoring students. This shift is particularly evident at Hanyang University, Korea University, and Sogang University, which offer semiconductor-related courses and similar programs in partnership with businesses, often leading to guaranteed positions at
September 24, 2025 -
KT CEO acknowledges flaws in network security after data breach
SEOUL, September 24 (AJP) - The chief executive of KT Corp. acknowledged to lawmakers on Wednesday that the company had poorly managed its cellular network, which led to unauthorized mobile payment breaches and the theft of private data from hundreds of users. During a parliamentary hearing, KT's CEO, Kim Young-shub, admitted to significant security vulnerabilities related to the company's network of micro base stations, known as femtocells. "After the incident, we
September 24, 2025
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INTERVIEW: Tourism chief aims to boost Seoul's global appeal
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Korea showcases its chipmaking future at SEDEX 2025
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KOTRA to operate 'K-Business Square' for APEC delegates
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SK Ecoplant, Gyeryong Construction punished over fatal bridge collapse
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Asian shares in positive, Seoul and Tokyo lead gains on tech and battery upside
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Korea Zinc wins approval for renewable energy project in Australia
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OPINION: Potholes, aging tunnels, and tight budgets
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Seoul to gradually phase out fuel tax relief by year-end
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OPINION: As aging deepens, South Korea confronts growing consumption slowdown
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Trade officials head to Washington again for follow-up talks