Journalist

김동영
Kim Dong Young
  • Vietnam to accept Korean language test for university admissions
    Vietnam to accept Korean language test for university admissions SEOUL, February 03 (AJP) - Vietnam will begin accepting scores from the Test of Proficiency in Korean (TOPIK) for university admissions starting this year, becoming the latest nation to formally recognize the language amid surging worldwide interest driven by employment opportunities and cultural exports. The Southeast Asian nation becomes the second country to adopt TOPIK results for higher education enrollment after Hong Kong in 2025, South Korea's Ministry of Education said Tuesday. Students who score at least Level 3 on TOPIK will be exempted from the foreign language section of Vietnam's national high school graduation examination, with their converted scores applied directly to university applications. Vietnam has progressively integrated Korean into its formal education system, designating it as a second foreign language in 2020 before elevating it to a first foreign language and graduation exam subject in 2021. The country ranked as the largest source of overseas TOPIK applicants last year, with 85,896 Vietnamese candidates accounting for 15.2 percent of the 566,665 total registrants worldwide. Vietnam also sent the second-highest number of international students to South Korea in 2025 at about 75,144, trailing only China by some 1,000 students. The surge in Korean language study is closely tied to employment prospects. South Korean corporate investment — firms including Hyundai Motor Company and POSCO — in Vietnam has created sustained demand for Korean-speaking workers in interpretation, sales, quality control, procurement and labor management roles. The broader appeal of Korean content has propelled the language to the world's sixth most-studied, behind English, Spanish, French, Japanese and German, according to language learning platform Duolingo. Korean is now taught in formal primary and secondary school curricula across 47 countries, with 24 nations designating it as a second foreign language and 11 incorporating it into university entrance requirements. "The adoption of TOPIK for university admissions abroad signifies the elevated status of the Korean language and the growing credibility of the test," Education Minister Choi Gyo-jin said. 2026-02-03 14:58:47
  • Korean millionaire exodus doubles on mounting tax burden
    Korean millionaire exodus doubles on mounting tax burden SEOUL, February 03 (AJP) -South Korea saw the number of millionaires leaving the country double to 2,400 in 2025 from a year earlier, making it the world’s fourth-largest source of wealthy outflows, claimed a business lobby group to reiterate call for an overhaul of the notoriously-high inheritance tax payment system. The Korea Chamber of Commerce and Industry (KCCI) released a study Tuesday projecting that inheritance tax revenue would surge from 9.6 trillion won ($6.63 billion) in 2024 to 35.8 trillion won by 2072 if the current tax regime remains unchanged. The sharp rise is attributed to an aging population, the KCCI projected, with the number of deaths among those aged 70 and above expected to increase by 2.6 times from 264,000 in 2025 to 687,000 in 2072. Following the growth in elderly numbers, those subject to inheritance tax in Korea jumped roughly 13-fold to 21,193 in 2024 from 1,661 in 2002, while the tax share of total government revenue rose to 2.14 percent from 0.29 percent during the same period. The KCCI said this trend is transforming inheritance tax from a levy on the ultra-wealthy into one increasingly felt by middle-class households. The chamber cited data from British immigration consultancy Henley & Partners showing Korea's net outflow of wealthy individuals trailing only the United Kingdom, China and India. The United States and Canada are the most favored destinations among Korean millionaires seeking to relocate, according to the consultancy. "Inheritance tax rates reaching 50 to 60 percent could be a primary factor accelerating capital flight overseas," the KCCI said in its report. While ranking as the top 13th largest economy in the world by nominal GDP, South Korea's top rate of 50 percent is the second-highest after Japan's 55 percent, and can reach 60 percent when a surcharge on controlling stakes is applied. The chamber's analysis of domestic economic data from 1970 to 2024 found a negative correlation between the ratio of inheritance tax revenue to gross domestic product and economic growth rates. Under the current system, heirs of small and medium-sized enterprises engaged in family business succession can pay inheritance tax over a maximum of 20 years or defer payment for 10 years before beginning a 10-year installment plan. Individual taxpayers and large corporations, however, are limited to 10-year installments with no grace period. The KCCI characterized this disparity as creating unreasonable discrimination against ordinary citizens and most businesses, calling for diversified payment methods as a realistic alternative to minimize revenue losses while facilitating smoother business succession. To ease the burden on taxpayers without significantly reducing government revenue, the KCCI proposed extending the installment payment period for general inherited assets from the current 10 years to 20 years, or introducing a minimum five-year grace period. It also called for allowing in-kind tax payments using listed shares and extending the stock valuation period from two months to two or three years around the inheritance date. "Mounting inheritance tax obligations are dampening corporate investment, creating upward pressure on stock prices during succession and forcing some business owners to sell their management stakes," said Kang Seok-gu, head of the KCCI's research division "Flexible payment options for inheritance tax could boost business investment and revitalize the economy," Kang added. 2026-02-03 14:18:04
  • The birth of humanoid robots (3): the calculus of steel and flesh
    The birth of humanoid robots (3): the calculus of steel and flesh Editor's Note: This is the third installment in AJP's series on humanoid robotics, examining the anatomy, technologies and economic logic behind one of the most hyped industries of the decade. SEOUL, February 03 (AJP) - Humanoid robots are designed for work that is tedious, costly or dangerous for humans. To meet that purpose, their architecture does not merely imitate the human body — it often stretches beyond it, with joints capable of rotating 360 degrees to exceed natural human limits. Boston Dynamics captured the innovative mind from South Korea's DRC-HUBO robot — first showcased at the DARPA Robotics Challenge — into its Atlas humanoid. The machine features mechanical joints with 56 degrees of freedom, allowing a full range of motion that far surpasses human flexibility. As if to underscore its machine origins, Atlas's ocular head glows with light. The supply chain gap Beneath the gleaming promise of Korea's humanoid push, however, lies a structural vulnerability. A Jan. 26 report by the Korea International Trade Association estimates South Korea's localization rate for robot components at around 40 percent, underscoring the industry's heavy reliance on foreign parts. Nearly 88.8 percent of permanent magnets used in Korean robot motors are sourced from China, while precision reducers and servo motors are supplied largely by Japanese manufacturers. Japan, by contrast, has internalized rare-earth processing and core component production, exporting more than 70 percent of its robot output. Korea — despite leading the world in robot density at 1,012 units per 10,000 workers — exports just 28.8 percent. As Hyundai Motor Group moves to deploy Atlas, many of the actuators and sensors powering the machines may still bear Japanese and Chinese stamps. Building robots, it turns out, is not the same as building an industry. The price of progress Analysts say Atlas will not come cheap. Boston Dynamics has said pricing will be based on "investment recovery within two years," effectively placing the robot below roughly 200 million won ($130,000) — nearly equivalent to the labor cost of two U.S. auto workers earning $80,000 annually over that period. The figure is steep compared with rivals. Tesla has promised its Optimus humanoid for $20,000 to $30,000, while China's Unitree offers its H2 model starting at $29,900. Hyundai is betting that Atlas's superior specifications justify the premium: 56 degrees of freedom, a lifting capacity of 90 kilograms, and the ability to swap its own batteries — capabilities cheaper competitors have yet to match. The speed question Price alone, however, does not determine whether robots can replace workers. Speed and precision matter just as much. For now, humanoid deployments remain concentrated in logistics, simple handling and repetitive tasks — not high-precision assembly or work requiring human-level dexterity. Fine-motor control and tactile sensitivity remain in early stages, with significant gaps still evident, according to Bain & Company. So why pursue humanoids when industrial robots already dominate factory floors? "These bipedal robots can replace humans directly," said Kim Dong-wan, a project director at the Korea Planning & Evaluation Institute of Industrial Technology. "Most mobile robots rely on wheels, which are poorly suited to uneven terrain such as steel plants. Humanoids can walk over obstacles, press buttons — essentially performing the same tasks as human workers." Echoes of the Luddites The announcement of Atlas roaming factory grounds sent Hyundai's stock to an all-time high of 590,000 won on Jan. 22 — but also triggered resistance from an unexpected quarter: its own workers. That same day, Hyundai Motor's labor union declared that "not a single robot" would enter workplaces without labor-management agreement, warning of potential "employment shocks." "The introduction of AI robots aimed at cutting labor costs is becoming visible," the union said. "If you want to destroy labor-management relations, we will show you how it ends." The tidal wave approaches President Lee Jae Myung weighed in on Jan. 29, invoking the industrial upheavals of two centuries ago. "You cannot dodge an oncoming cart," Lee told senior aides. "If this world is coming anyway, we must prepare and brace for it." Lee compared the union's stance to the Luddite movement of early 19th-century Britain, when workers destroyed machines they feared would render them obsolete. "It's probably not serious — more a negotiating tactic," he said. "But ultimately, we need to adapt quickly." Both major umbrella unions told AJP that Hyundai's labor group may have gone too far in declaring opposition to "a single robot." "Robot integration into workplaces is nearly irreversible," said a spokesperson for the Federation of Korean Trade Unions. "Government, companies and labor all need to discuss how to coexist." The Korean Confederation of Trade Unions echoed that view but stressed concerns over unequal distribution of the benefits of humanoid technology. "This is a transitional moment," it said. "Shorter working hours and improved welfare are possible. But humanoids must benefit society broadly — not simply enrich executives while workers are laid off." The human factor Hyundai has sought to reassure employees, saying robots will focus on repetitive and dangerous tasks. Vice Chair Chang Jae-hoon said at CES 2026 that human workers will remain essential for maintaining and training robots. Yet the union's statement reflects a deeper anxiety: the surge in Hyundai's stock — fueled by investor expectations of reduced labor costs, though now slightly dampened — highlights precisely the threat workers perceive. "We estimate it will take many years before humanoids meet the standards required for high-precision tasks," Kim said. "Korea is pushing hard for that transition, but we cannot promise when bipedal robots will perform truly difficult work." The question is no longer whether humanoids will work alongside humans, but how soon — and on whose terms. The robots that stumbled at the DARPA challenge a decade ago are now walking factory floors. The workers who once cheered their failures now face them across the assembly line. 2026-02-03 13:01:06
  • Hyundai Mobis forms four-way alliance with European firms for holographic windshield display
    Hyundai Mobis forms four-way alliance with European firms for holographic windshield display SEOUL, February 03 (AJP) - Hyundai Mobis said Tuesday it has forged a "Quad Alliance" with three European technology leaders to commercialize holographic windshield displays by 2029, marking a significant push into next-generation automotive display technology. The South Korean auto parts maker has joined forces with German optics giant Zeiss, German adhesive specialist Tesa, and France's Saint-Gobain Sekurit, Europe's largest automotive glass manufacturer, to bring the technology to mass production. The holographic windshield display transforms the entire front windshield into a large-format screen, projecting driving information directly into the driver's line of sight without requiring a separate physical display. The system uses a special holographic optical element film to deliver navigation data and infotainment images precisely to the eyes of both drivers and passengers. The technology has light transmittance exceeding 92 percent and brightness surpassing 10,000 nits, about twice that of outdoor LED screens, enabling clear visibility even under direct sunlight. The optical design also prevents drivers from viewing passenger-side content, allowing front-seat occupants to safely enjoy entertainment during travel. Under the alliance, Hyundai Mobis will oversee the overall system architecture and projector production, while Zeiss handles film design for optimal clarity. Tesa will mass-replicate the high-performance film, and Saint-Gobain Sekurit will manage the precision bonding process between film and glass. "We will deliver differentiated value to our customers through this technology that opens the future of automotive displays," said Jung Soo-kyung, head of Hyundai Mobis' automative electronics business unit. 2026-02-03 11:02:41
  • Krafton bridges PUBG universe with Korean traditional crafts
    Krafton bridges PUBG universe with Korean traditional crafts SEOUL, February 02 (AJP) - Krafton unveiled Monday a collection merging its flagship battle royale IP "PUBG: Battlegrounds" with traditional Korean craftsmanship through a state-led cultural initiative. The project, hosted by the Ministry of Culture, Sports and Tourism and managed by the Korea Craft & Design Foundation, aims to reimagine traditional assets within modern industries. Design studio Superposition reinterpreted the game's iconic "Blue Zone" using "digital mother-of-pearl," transforming the strategic digital boundary into physical art pieces. Craft team Octique focused on lifestyle goods, blending the game's recognizable symbols with traditional artisan techniques. The lineup features chicken shaped amulets and mother-of-pearl frying pan designed hand mirrors, which marry the playful identity of PUBG with classical formative beauty. Regarding the project's goal, Krafton said the collaboration explores the practical utilization and industrial value of traditional culture through partnerships between creators and private enterprises. 2026-02-02 16:06:48
  • LG Chem posts operating loss in Q4 but logs 35% profit jump for 2025
    LG Chem posts operating loss in Q4 but logs 35% profit jump for 2025 SEOUL, January 29 (AJP) - South Korea's largest chemical company LG Chem swung to an operating loss in the fourth quarter as its petrochemical and battery materials divisions struggled, though full-year operating profit surged 35 percent on improved performance at its energy solutions subsidiary. The company reported a consolidated operating loss of 413.3 billion won ($289.7 million) for the October to December period, reversing from a 680 billion won profit in the prior quarter. Revenue came in at 11.2 trillion won, largely flat from the third quarter but down 8.8 percent from a year earlier. For full-year 2025, operating profit jumped 35 percent to 1.18 trillion won on revenue of 45.93 trillion won, down 5.7 percent on year. The improvement was driven primarily by LG Energy Solution, which posted operating profit of 1.35 trillion won, more than double the 575 billion won recorded in 2024. "We maintained positive cash flow by advancing our business portfolio, exercising strict capital expenditure discipline, and monetizing assets amid challenging market conditions," said Cha Dong-seok, LG's chief financial officer. The petrochemicals division recorded an operating loss of 239 billion won in the fourth quarter, weighed down by narrowing spreads from regional capacity additions and one-time costs at overseas operations. The advanced materials unit also turned to a 50 billion won loss as battery materials customers adjusted year-end inventories and electronics demand entered a seasonal lull. LG Chem set its 2026 revenue target at 23 trillion won excluding LG Energy Solution, down from 23.8 trillion won in 2025, reflecting continued headwinds in the petrochemical sector from China-driven oversupply. The company plans to reduce losses through cost cuts and expansion into high-value-added products. Shares of LG Chem closed 2.97 percent lower at 343,500 won on Thursday. 2026-01-29 17:22:34
  • Hyundai Motor vows aggressive capex, share reward program; stock up 7%
    Hyundai Motor vows aggressive capex, share reward program; stock up 7% SEOUL, January 29 (AJP) - Hyundai Motor Company said Thursday it will spend 17.8 trillion won ($12.47 billion) throughout 2026—more than it earned last year—on new-growth areas including robotics, autonomous driving and hydrogen technology, front-loading nearly a quarter of its five-year investment plan into a single year. The South Korean automaker announced a 77.3 trillion won investment plan for 2026–2030 at its CEO Investor Day in New York last September. The 2026 outlay alone accounts for about 23 percent of the total, signaling an aggressive push to gain ground in emerging mobility sectors. "We plan to concentrate investment in 2026 and 2027," said Lee Seung-jo, Hyundai's chief financial officer, during a conference call following the release of its fourth-quarter and full-year 2025 earnings. "Spending will peak during this period, though the overall investment envelope remains unchanged." The 2026 investment will comprise 9 trillion won in capital expenditure, 7.4 trillion won in research and development, and 1.4 trillion won in strategic investments—up 20.4 percent from 14.5 trillion won spent in 2025. Hyundai has been pivoting toward future-mobility businesses as it grapples with slowing electric-vehicle demand and intensifying global competition. The company is leaning on hybrid vehicles as a bridge, with hybrids accounting for 16.3 percent of its global sales mix. Hybrid and SUV models powered Hyundai's first-ever breach of the 1-million-vehicle mark in North America last year. To bolster its artificial intelligence capabilities, Hyundai struck a deal with Nvidia to deploy 50,000 graphics processing units, with installations set to begin in the second half of this year. Lee said the company is "currently finalizing plans" for the GPUs, adding that "once specifics are set, we will communicate them to the market." On robotics, Lee said proof-of-concept testing of Boston Dynamics' Atlas humanoid robot at Hyundai's Metaplant facilities in Georgia would conclude in the second half of this year. The company unveiled a production-ready version of Atlas at CES 2026 earlier this month and plans to deploy robot fleets at the Georgia plant by 2028 for tasks such as parts sequencing and assembly. Hyundai also said its software-defined vehicle could roll out as early as the second half of 2026. The platform features a high-performance vehicle computer architecture designed to enable faster autonomous-driving functions and over-the-air software updates. On shareholder returns, Hyundai said it will begin buying back 400.7 billion won worth of its own shares starting Friday over the next three months, with plans to cancel them within the year—a shareholder-friendly move after the stock nearly tripled from its April low. The company reiterated its commitment to a total shareholder return of more than 35 percent through 2027, including a minimum dividend of 10,000 won per share and a quarterly dividend of 2,500 won. Hyundai projected wholesale sales of 4.158 million vehicles in 2026, up 0.5 percent from the previous year, with revenue growth of 1 to 2 percent. It guided for an operating profit margin of 6.3 to 7.3 percent, citing an improved vehicle mix and cost efficiencies as offsets to persistent macroeconomic uncertainty. "We will continue to pursue future investments," Lee said. "We believe these efforts are now being reflected in our share price." Shares of Hyundai Motor closed 7.21 percent higher at 528,000 won on Thursday, as investors welcomed the company's front-loaded spending on AI-driven growth initiatives. *AJP Kim Yeon-jae contributed to this story. 2026-01-29 16:17:01
  • Hyundai Motor bears nearly 40% hit in Q4 income and 20% for 2025 on US tariffs
    Hyundai Motor bears nearly 40% hit in Q4 income and 20% for 2025 on US tariffs SEOUL, January 29 (AJP) -South Korea's largest automaker Hyundai Motor suffered nearly a 40 percent drop in operating profit in the quarter ended December and about 20 percent for full-year 2025 due to higher tariffs under Donald Trump presidency in its largest export market despite record sales. According to its earnings release on Thursday, consolidated operating profit reached 1.7 trillion won ($1.2 billion), down 33.2 percent from the previous quarter and 40 percent from a year earlier. Revenue came to 46.84 trillion won, up 0.3 percent on quarter and 0.5 percent on year. For full-year 2025, operating profit plunged 19.5 percent on year to 11.47 trillion won, while sales climbed 6.3 percent to a record 186.25 trillion won, placing the operating margin at 6.2 percent. Hyundai’s results followed a similar pattern to those of its sister company Kia, which reported roughly a 30 percent drop in operating profit for both the fourth quarter and the full year. The declines came as Korean automakers absorbed higher 25 percent U.S. tariffs, compared with 15 percent imposed on European and Japanese competitors, until a trade deal lowered the rate to the same level retroactively in November. Hyundai Motor estimated tariff-related losses of around 4.1 trillion won from U.S. measures alone, with combined losses for Hyundai and Kia totaling about 7.2 trillion won. Shares of Hyundai Motor rose 4.7 percent to 515,500 won as of 2:40 p.m., as investors appeared more focused on the automaker’s longer-term robotics roadmap than its near-term earnings performance. Global sales totaled 4.14 million vehicles for the year. Hyundai said it plans to bolster profitability in 2026 through cost efficiencies, an expanded lineup of high-margin trims, and increased local production aimed at reducing tariff exposure. 2026-01-29 14:11:56
  • Korean batteries built for cars are finding new lives — in orbit and inside humanoid robots
    Korean batteries built for cars are finding new lives — in orbit and inside humanoid robots SEOUL, January 28 (AJP) - Korean battery makers are broadening their footprint beyond electric vehicles, expanding into space and humanoid robotics as global EV demand cools and major supply contracts unravel. The industry has slowed sharply in line with stalled EV sales. SK Innovation said Wednesday its battery unit SK On recorded fourth-quarter revenue of 1.46 trillion won ($1.03 billion) with an operating loss of 441.4 billion won. For 2025, SK On posted revenue of 6.98 trillion won and an operating loss of 931.9 billion won. LG Energy Solution on the previous day reported fourth-quarter revenue of 6.14 trillion won, up 7.7 percent from the previous quarter, but swung to an operating loss of 122 billion won. For the full year, the company posted operating profit of 1.35 trillion won, up 134 percent, though revenue fell 7.6 percent to 23.67 trillion won. The downturn has been exacerbated by a string of canceled EV battery deals. By the end of last year, scrapped contracts totaled more than 17 trillion won ($11.86 billion). Ford Motor in December abandoned a 9.6 trillion won battery supply agreement with LG Energy Solution, while cathode materials maker L&F saw its Tesla contract shrink from 3.8 trillion won to just 9.73 million won — effectively a cancellation. With the EV pipeline thinning, Korean battery makers are increasingly looking beyond automobiles — and upward. The global space battery market is projected to grow from $3.99 billion in 2025 to $5.61 billion by 2030, a compound annual growth rate of about 7 percent, according to The Business Research Company. Growth is being driven by a surge in satellite launches: more than 4,500 spacecraft reached orbit last year, roughly 60 percent more than the approximately 2,800 launches recorded in 2024, as private operators such as SpaceX and Blue Origin race to build satellite constellations. Space-grade batteries must endure some of the harshest operating conditions imaginable. Cells face temperature swings from minus 180 to 150 degrees Celsius, violent launch vibrations, vacuum pressure, intense solar radiation and decades of uninterrupted operation — with no possibility of replacement once deployed. LG Energy Solution has supplied lithium-ion cells for NASA spacesuits since 2016 and began work in 2024 on batteries for SpaceX spacecraft. Last November, it partnered with U.S. startup South 8 Technologies to develop batteries capable of operating in cryogenic conditions for lunar rovers and unmanned exploration vehicles. "The liquefied gas electrolyte technology fundamentally addresses long-standing issues of battery performance degradation in extreme cold environments," said Kim Je-young, chief technology officer of LG Energy Solution. "We anticipate this technology will unlock new possibilities for products and applications, including space." Samsung SDI has established a technical cooperation framework with CAMX Power, which holds a satellite battery supply contract with the U.S. Space Force. SK On is preparing for space-grade applications through its solid-state battery pilot plant and collaboration with U.S. developer Solid Power. Humanoid opportunity Humanoid robotics represents an even larger potential market. Morgan Stanley estimates the sector could exceed $5 trillion by 2040. Although batteries typically account for only about 0.5 percent of a humanoid robot's total cost, that still translates into a roughly $25 billion opportunity, excluding replacement batteries, maintenance and energy services. "Elon Musk has projected that humanoid robots could eventually reach annual sales of 1 billion units," said Kang Dong-jin, an analyst at Hyundai Motor Securities. "Assuming around 10 kilowatt-hours of battery usage per unit including spares, that implies a 10 terawatt-hour market. Battery makers can also pursue leasing, recycling and other service-based business models." With CES 2026 highlighting humanoids as key embodiments of physical AI, Korean battery firms have stepped up efforts to secure early positions. LG Energy Solution has reportedly received battery supply requests from multiple Chinese humanoid robot developers and plans to begin mass production this year. Tesla, which is developing its Optimus humanoid series, is expected to receive tens of thousands of ultra-high-nickel battery cells — with nickel content exceeding 95 percent — from LG. Samsung SDI is in supply discussions with Boston Dynamics and has partnered with cathode producer Ecopro BM, electrolyte supplier Soulbrain and separator maker W-Scope for humanoid-focused battery development. Technical requirements favor Korean manufacturers. Unlike EVs, which can accommodate large battery packs across vehicle floors, humanoids have only about 5 percent of that space — typically confined to the chest and back — making energy density paramount. Chinese battery giants CATL and BYD dominate the global EV market with a combined share of roughly 55 percent, built largely on cost-efficient lithium iron phosphate (LFP) technology. But LFP cells lack the energy density required for sustained humanoid operation; industry sources say robots powered by LFP often struggle to run for even one hour. As a result, even Chinese humanoid developers are opting for higher-density alternatives. Shenzhen-based Engine AI uses solid-state batteries in some versions of its T800 robot, while Unitree Robotics deploys lithium-ion polymer batteries instead of LFP to reduce weight and improve safety. "Humanoids operate in close proximity to humans, and any malfunction could cause serious accidents, particularly in factories," Kang said. "Safety is the top priority. Since batteries account for a relatively small share of total robot costs, using high-spec batteries is actually more economical and reduces concerns over degradation." Korean battery makers have spent years refining high-nickel ternary chemistries. L&F became the first company to mass-produce ultra-high-nickel cathode materials in the second half of 2025, with Ecopro BM preparing to follow. CATL and BYD, by contrast, remain focused on LFP and mid-nickel chemistries with nickel content of about 50 to 70 percent. Ultra-high-nickel batteries paired with 46-series cylindrical cells are increasingly seen as optimal for humanoid applications, offering energy density more than 30 percent higher than standard ternary cells. U.S. robotics firms such as Figure AI, Agility Robotics and 1X Technologies are also expected to turn to Korean suppliers. Chinese manufacturers are accelerating efforts to close the gap. CATL invested last year in Beijing-based humanoid developer Galbot and has begun deploying its Xiaomo robot — developed by affiliated startup Spirit AI — on battery production lines in Henan province. In space, CATL and China Aviation Lithium Battery Technology are reportedly developing batteries for domestic satellite programs under the China National Space Administration, according to Coherent Market Insights. Their penetration into Western aerospace supply chains, however, remains limited. 2026-01-28 14:44:44
  • Hyundai Mobis posts record annual revenue, profit in 2025
    Hyundai Mobis posts record annual revenue, profit in 2025 SEOUL, January 28 (AJP) - Hyundai Mobis, South Korea's largest automotive parts maker, reported record annual revenue and operating profit on Wednesday, though quarterly net income declined sharply amid tariff pressures and rising costs. The company posted consolidated revenue of 61.12 trillion won ($42.67 billion) and operating profit of 3.36 trillion won for 2025, up 6.8 percent and 9.2 percent year-on-year respectively, according to a regulatory filing. For the fourth quarter, revenue rose 4.7 percent to 15.4 trillion won, while operating profit slipped 5.6 percent to 930.5 billion won. Pre-tax profit and net profit tumbled 21.6 percent and 39.9 percent respectively compared with the same period a year earlier. The manufacturing division, encompassing module assembly and parts production, posted revenue of 47.8 trillion won for the full year, a 5.9 percent increase. The company attributed the gains to expanded operations at its North American electrification plant and robust demand for electronic components, while pursuing cost efficiency measures to offset tariff burdens. The after-sales parts business generated 13.32 trillion won in revenue, up 10.2 percent, fueled by global demand and favorable exchange rates. On shareholder returns, Hyundai Mobis raised its annual dividend to 6,500 won per share and retired 2.26 million treasury shares, achieving a total shareholder return of 32.8 percent for the year. The company said it would continue expanding global production bases and investing in future mobility, with research and development spending projected to exceed 2 trillion won for the first time this year. 2026-01-28 10:20:41