Data breaches affect more KT subscribers than initially reported

SEOUL, September 21 (AJP) - Additional data breaches at mobile telecom provider KT have affected more subscribers in broader areas than initially reported. According to a report submitted Sunday by the country's second-largest mobile carrier to Hwang Jung-ah, a lawmaker of the ruling Democratic Party, such cases also occurred in Dongjak and Seocho in southern Seoul and other areas, not just the previously reported locations of Gwangmyeong and Geumcheon in southwestern Seoul and

September 21, 2025

String of major data breaches raises serious questions about Korea's cybersecurity

SEOUL, September 19 (AJP) - South Korean officials bowed their heads in apology during a televised press conference Friday but offered little comfort to a highly connected society grappling with yet another string of mass data breaches. "The government is coordinating across agencies to minimize damage and prepare fundamental measures rather than temporary responses," said Vice Minister Ryu Je-myeong of the Ministry of Science and ICT. "In light of these inciden

September 19, 2025

NVIDIA–Intel tie-up to bring opportunities for Korean chipmakers

SEOUL, September 19 (AJP) - A tie-up between U.S. chip-design giants NVIDIA and Intel is expected to accelerate artificial intelligence (AI) computing infrastructure — creating new opportunities for South Korea’s memory and packaging technologies that support advanced AI chips. The $5 billion partnership, under which NVIDIA will acquire a 4 percent stake in Intel, could unite the current and former leaders of global chip design, pending regulatory approval. The announ

September 19, 2025

Drugstores rising as must-visit stops in Seoul for foreign visitors

SEOUL, September 19 (AJP) - Drugstores are must-visit stop in Europe, famed for their iconic pharmacy brands — and Korea is fast emerging as a beauty mecca of its own, fueled by a social media-driven reputation for affordable skincare. Tourists are now venturing beyond the ubiquitous Olive Young chain, browsing independent pharmacies where shelves are lined with beauty products labeled in English, Chinese, and Japanese. “I read about this cream on Instagram Threads

September 19, 2025

American business chamber raises alarm over contentious union law

SEOUL, September 19 (AJP) - The head of the American Chamber of Commerce in Korea urged the South Korean government on Friday to take industry concerns into account as it prepares to implement the so-called Yellow Envelope Act, a contentious new labor law that has become a flashpoint in the country’s corporate sector. AMCHAM Korea Chairman James Kim said the chamber would soon present policy recommendations to the Ministry of Employment and Labor, which has formed a task

September 19, 2025

Hanwha Aerospace to supply 24 more K9 howitzers to Norway

SEOUL, September 19 (AJP) - Hanwha Aerospace said Friday it has signed a new contract with Norway’s defense procurement agency to supply 24 additional K9 self-propelled howitzers. The company did not disclose the value of the deal, citing an agreement with the Norwegian Defence Materiel Agency, known as NDMA. The signing ceremony was held on Sept. 18 in Oslo and attended by Hanwha’s chief executive, Son Jae-il, and Gro Jaere, director general of the NDMA. It is the

September 19, 2025

Hyosung Heavy secures $150 million US power grid contract

SEOUL, September 19 (AJP) - Hyosung Heavy Industries, a South Korean power equipment maker, said Friday it has secured a $150 million contract to supply ultra–high-voltage transformers and circuit breakers to a U.S. firm. The deal will provide a package of 765-kilovolt transformers, reactors and 800-kilovolt circuit breakers. It is the first time a Korean company has delivered a complete solution for America’s 765-kilovolt transmission network — the backbone of

September 19, 2025

Hyundai Motor CEO calls for Korea-US deal on auto tariffs

SEOUL, September 19 (AJP) - Hyundai Motor’s chief executive warned that stalled U.S.-South Korea trade talks on auto tariffs are threatening the company’s competitiveness in its most important overseas market, even as rival Japan secured a more favorable deal with Washington. Speaking at Hyundai’s first overseas investor day in New York on Thursday (local time), Jose Munoz said the company’s current financial outlook assumes a 25 percent U.S. tariff on im

September 19, 2025

Hyundai Rotem opens first rail component plant in US

SEOUL, September 19 (AJP) - South Korean rail manufacturer Hyundai Rotem has opened its first American production facility, a move aimed at aligning with Washington’s push to localize infrastructure supply chains. The 8,500-square-meter plant, called Hyundai Rotem Smart Electric America, officially opened on Wednesday (local time) in Riverside, east of Los Angeles, the company said Friday. Demand for rail infrastructure in Southern California is likely to surge ahead of

September 19, 2025

Seoul opts for promotion-first and regulation-later approach on AI deployment

SEOUL, September 18 (AJP) - South Korea has chosen a middle path between Europe’s strict rules and U.S.’s hands-off stance in global race to govern artificial intelligence. The Ministry of Science and ICT this week detailed the criteria for high-impact AI systems pertinent to the Act on the Development of Artificial Intelligence and Establishment of Trust" dubbed as the AI Basic Act due to take effect next January. Seoul will be the second jurisdiction after th

September 18, 2025