South Korea, Japan urged to boost semiconductor, battery, AI cooperation

SEOUL, December 11 (AJP) - Sohn Kyung-shik, chairman of the Korea Employers Federation, on Thursday called for cooperation between South Korean and Japanese companies in strategic sectors such as semiconductors, electric vehicle batteries and artificial intelligence, citing mounting geopolitical risks and global supply-chain realignments. Speaking at a meeting in Seoul with Japanese Ambassador Koichi Mizushima, Sohn said the 60th anniversary of the normalization of diplomatic ti

December 11, 2025

KT, Samsung prove performance of AI-driven telecom network, paving way for 6G

SEOUL, December 11 (AJP) - South Korean telecom company KT said Thursday it has successfully tested its artificial intelligence–based Radio Access Network (AI-RAN) technology on a commercial mobile network, marking a key step toward next-generation 6G communications. Developed jointly with Samsung Electronics, the AI-RAN system analyzes real-time data exchanged between base stations and user devices to optimize radio settings on an individual basis — a sharp departur

December 11, 2025

Major offshore wind farm comes online, boosting Korea's clean energy push

SEOUL, December 11 (AJP) - SK Innovation E&S said Thursday it has completed Jeonnam Offshore Wind Farm 1, the country’s largest privately financed offshore wind project, marking a milestone for South Korea’s efforts to expand renewable energy and meet its carbon-neutrality targets. A completion ceremony was held in Sinan, attended by Climate and Energy Minister Kim Sung-hwan, South Jeolla Province Governor Kim Young-rok and SK Innovation E&S President Lee Jon

December 11, 2025

HD Hyundai Infracore's hydrogen engines recognized at global expo

SEOUL, December 11 (AJP) - HD Hyundai Infracore’s hydrogen engines, the HX12 and HX22, were named “Best Pick” at the World Hydrogen Expo (WHE) 2025 Best Product Media Awards, the company said Thursday. The awards were decided by a panel of automotive journalists who assessed products displayed at the expo for innovation, technical competitiveness and commercialization potential. HD Hyundai Infracore’s HX12, an 11-liter hydrogen internal combustion engi

December 11, 2025

South Korea's Hanwha Aerospace showcases locally built K9 artillery in Egypt

SEOUL, December 11 (AJP) - Hanwha Aerospace showcased its K9 self-propelled howitzers at the Egypt International Defense and Security Exhibition (EDEX 2025) in Cairo, drawing strong interest from regional visitors, the company said Thursday. The firm operated a joint exhibition space with Egypt’s Ministry of Defense, displaying the K9 howitzer alongside ground and guided weapon systems. The biennial exhibition, the largest of its kind in the Middle East and Africa, drew mo

December 11, 2025

Coupang CEO resigns over data breach; US parent firm names interim chief

SEOUL, December 10 (AJP) - Coupang said on Thursday that CEO Park Dae-jun has resigned following a major data breach, taking responsibility for the incident and its fallout. The e-commerce firm said Park apologized for disappointing customers and the public, and cited a sense of accountability in stepping down. The company’s U.S.-based parent, Coupang Inc., appointed Harold Rogers as interim CEO. Rogers, a legal and compliance specialist, has he

December 10, 2025

Year-end IPO buzz in Seoul preludes brisk H1 2026

SEOUL, December 10 (AJP) - South Korea’s IPO market, dormant for much of the year, is ending 2025 in a surprising burst of activity, with 10 companies going public in December alone. The pattern runs counter to the usual cycle, where listings cluster in the first half and taper off as investors and bankers wind down for the holidays. Instead, this December has emerged as the busiest in recent years, up from six IPOs in both 2023 and 2024. The reason is simple: demand is hot. O

December 10, 2025

Korean bio names expand footprint in Japan after cracking open the toughest market in Asia

SEOUL, December 10 (AJP) - South Korea's biotechnology leaders are rapidly expanding their footprint in Japan, cashing in on bold pushes into a market long viewed as one of the world's most impenetrable pharmaceutical strongholds. A series of multibillion-won deals and soaring biosimilar penetration rates now signal that Korean firms are reshaping competitive dynamics in Asia's largest and most defensive drug market. Samsung Biologics, the world's largest CDMO by

December 10, 2025

Mortgage lending loses momentum in South Korea after tighter rules

SEOUL, December 10 (AJP) - Growth in South Korea’s mortgage lending slowed to its weakest pace in 20 months in November, as tighter bank lending standards and easing demand for rental deposit loans weighed on household borrowing, central bank data showed on Wednesday. According to the Bank of Korea’s financial market trends report, outstanding household loans at deposit-taking banks, including policy mortgages, rose by 1.9 trillion won in November to 1,175.6 tr

December 10, 2025

South Korea weighs fines of up to 10 percent of revenue for major data breaches

SEOUL, December 10 (AJP) - South Korea’s National Assembly is considering legislation that would allow regulators to fine companies up to 10 percent of their revenue for serious data breaches, as lawmakers seek tougher penalties following a series of large-scale leaks. The proposed amendment to the Personal Information Protection Act, introduced by Park Beom-kye of the ruling Democratic Party and Kim Sang-hoon of the main opposition People Power Party, would raise the cu

December 10, 2025