Journalist

AJP
  • South Korea’s Blue House Says U.S. Complaints Stem From Legislative Delays
    South Korea’s Blue House Says U.S. Complaints Stem From Legislative Delays Breaking: The Blue House said U.S. dissatisfaction is “100%” due to delays in legislation and said it will explain its efforts to move the bills forward. 2026-01-28 17:21:00
  • South Korean Lawmakers Clash Over Trump’s Proposed Tariff Hike and Ratification Claims
    South Korean Lawmakers Clash Over Trump’s Proposed Tariff Hike and Ratification Claims Lawmakers traded blame Wednesday over President Donald Trump’s sudden plan to raise tariffs on South Korea, with the People Power Party arguing the government failed to secure National Assembly approval for follow-up steps in U.S. tariff negotiations after Prime Minister Kim Min Seok’s trip to Washington. The Democratic Party countered that Trump’s approach to diplomacy and trade is unconventional and said a unified political response is needed to strengthen South Korea’s negotiating position. People Power Party lawmaker Song Eon Seok told Foreign Minister Cho Hyun at a full meeting of the National Assembly Foreign Affairs and Unification Committee that Kim had promoted his U.S. visit by saying he “promised faithful implementation of follow-up measures” and that communications improved through a “hotline” with Vice President Vance. Song said that “the next day” Trump announced he would raise tariffs to 25%, calling it a betrayal. Song also cited Trump’s materials as using the word “approve” in asking why South Korea’s legislature had not approved what he called a “special law on investment in the U.S.” He argued it could be read as questioning why the National Assembly had not agreed to ratification, and he urged the government to seek parliamentary consent if there were undisclosed elements. People Power Party lawmaker Kim Gi Hyeon echoed the criticism, saying it was not a hotline but a “hotbaji line,” using a Korean term implying weakness. He asked why the government was not submitting a ratification motion despite what he said would be a heavy burden on the public. Party lawmaker Kim Tae Ho also pressed Cho, saying the government was blindsided “before the ink was dry” on self-congratulation over a trade deal and asking what it had done to prevent that outcome. Democratic Party lawmaker Lee Jae Jung said no one denies Trump’s “uniqueness,” but argued the opposition’s continued focus on ratification was effectively holding the government back and reducing agility in South Korea’s diplomatic and economic response. On the “South Korea-U.S. memorandum of understanding on strategic investment” signed in November last year, Lee said South Korea was not the only country to sign an MOU in that format and that no country was pursuing ratification procedures for it. Democratic Party lawmaker Hong Ki Won said Trump was taking steps outside established diplomatic practice and warned against treating each move as if South Korea were at fault. “Trump will do more,” Hong said, adding that it was important to respond calmly. Cho said he believed Trump’s statement about raising tariffs on South Korea was unrelated to the “Coupang situation” or the online platform bill. He said that after the message was issued, the ministry contacted the U.S. State Department and concluded there was no direct link to Coupang or the online platform legislation. Cho added that it was difficult to identify any specific, reasonable cause and said that may be why Trump issued an additional message. 2026-01-28 17:19:59
  • Court Convicts Kim Keon Hee of Influence-Peddling, Acquits Her in Stock Manipulation Case
    Court Convicts Kim Keon Hee of Influence-Peddling, Acquits Her in Stock Manipulation Case A South Korean court on Tuesday said it recognized Kim Keon Hee’s political influence but ruled that her status alone could not expand criminal liability. The court found her partly guilty over receiving money and valuables linked to the Unification Church, but acquitted her of conspiracy allegations tied to the Deutsche Motors stock manipulation case and an opinion-poll controversy involving Myung Tae-kyun, citing insufficient evidence. The Seoul Central District Court’s Criminal Division 27, led by Presiding Judge Woo In-sung, said before delivering the verdict that the law cannot be applied differently to the powerful and the powerless. It said core criminal-law principles — the presumption of innocence and resolving ambiguity in the defendant’s favor — do not change based on a person’s position. On the Deutsche Motors case, the panel said there was room to believe Kim may have recognized or accepted the possibility that her accounts could be used for price manipulation. But it said prosecutors did not prove beyond a reasonable doubt that she coordinated roles or formed a shared intent with the manipulation group to carry out the scheme. The court noted there was no testimony that anyone in the group directly explained the operation to Kim or assigned her a role, and it found no material showing she personally placed trades. It concluded she did not go beyond the role of an investor who provided funds. “Conspiracy requires strict proof of awareness of the overall crime and performance of a role,” the court said, adding that without such proof it must acquit even if suspicion remains. For some acts, it also found the statute of limitations had already expired, considering trading dates, account-management patterns and time gaps. The court also acquitted Kim of violating the Political Funds Act. It said the opinion polls provided by Myung could not be seen as an exclusive financial benefit belonging to Kim and her husband, and it found no confirmation of instructions or involvement by Kim’s side in conducting or publicizing the polls. The court also said there was no evidence that a promise of nomination for a specific person was made in return. It concluded the act’s requirements — a contribution and quid pro quo — were not met. However, the court found her partly guilty in connection with money and valuables received in July 2022, ruling that Kim accepted them while aware of the Unification Church’s request for government-level support. In sentencing, the court said a president’s spouse can have significant influence on the president and is a symbolic figure representing the country, requiring a high level of integrity and restraint. The panel said Kim misused her position as a tool for personal gain. It said money often seeks access around power and that the higher the status, the more consciously one must guard against it, citing her acceptance of expensive luxury items as an unfavorable sentencing factor. After the ruling, the special counsel team led by Min Joong-ki said it was “difficult to accept” the court’s reasoning on co-offender liability, the Political Funds Act and solicitation issues, and said the sentence on the guilty portion was also inadequate given the case. The team said it would challenge the first-trial decision on appeal. Kim’s lawyers said they were grateful to the court for ruling “only according to law and conscience,” but said the sentence for influence-peddling bribery was somewhat high and that they would consider whether to appeal. The decision highlighted how far a president’s spouse’s political influence can be weighed in assessing criminal responsibility. The court did not deny that such influence exists, but drew a line, saying it does not automatically establish conspiracy or criminal liability.* This article has been translated by AI. 2026-01-28 17:19:15
  • Bodyfriend Lunar New Year Deals, Ceragem Wins 4 Good Design Awards, New Products From Yuhan-Kimberly, Hanssem and Ace Bed
    Bodyfriend Lunar New Year Deals, Ceragem Wins 4 Good Design Awards, New Products From Yuhan-Kimberly, Hanssem and Ace Bed Bodyfriend launches Lunar New Year promotion, 'The Standard of Gifts' Bodyfriend said Tuesday it is launching its Lunar New Year “The Standard of Gifts” promotion for customers who rent or buy its health care robots, offering benefits worth up to 2.52 million won. The company said customers who rent or purchase eligible products can combine three offers — a special Lunar New Year gift benefit, an upfront-payment discount program and a co-branded credit-card statement discount — for total savings of up to 2.52 million won. Products included are the aesthetic health care robot “Quantum Beauty Capsule,” the full-body twist health care robot “Edenrobo” and the AI health care robot “Da Vinci AI.” A Bodyfriend official said the promotion offers “unprecedented price benefits” and includes an additional gift, allowing customers to receive “one more unit.” Ceragem wins four main prizes at U.S. Good Design Awards Ceragem said Tuesday that four of its major health care products won main prizes at the U.S. Good Design Awards. The winners were the relaxation appliances “Pause M8 Fit” and “Pause M10,” the circulation-improvement medical device “Celtron Circulation Chair,” and the beauty device “Medispa Pro.” A Ceragem official said the awards reflect global recognition of the company’s design philosophy, which considers not only appearance but also users’ living spaces and experiences. Yuhan-Kimberly launches Kleenex 'Humid Moist Mask Black' Yuhan-Kimberly said Tuesday it has launched the “Kleenex Humid Moist Mask Black,” designed to provide a humidifying effect. The company said the mask uses a humidifying pad that supplies moisture, helping keep the nose and throat comfortable in dry conditions. Kleenex introduced the humidifying-mask concept in South Korea in 2016, and the company said it has since become an everyday essential. Yuhan-Kimberly said the product is popular as an in-flight item for overseas travel and that last year’s annual sales rose about 900% from two years earlier. A Yuhan-Kimberly official called the Kleenex Humid Moist Mask a steady seller whose usefulness in dry environments — including winter, seasonal transitions and long flights — has been proven by consumers over 10 years. Hanssem unveils new FLO dining table series Hanssem said Tuesday it has launched its new FLO dining table series, aimed at creating a modern, on-trend dining space. The company said the concept is “harmony that blends into the space,” pairing a clean, straight tabletop with soft curved details for a neat but comfortable look. Hanssem said the table uses bold legs for stability and a matte finish for a more premium appearance. It comes in two colors: “Cotton White” and “Warm Black.” A Hanssem official said the FLO table combines a basic, timeless design with the company’s quality standards. Ace Bed launches OLIVO single bed with modern take on British retro style Ace Bed has launched the OLIVO single bed, a modern reinterpretation of British retro style. The company said Tuesday it is introducing OLIVO and will target consumers seeking a stylish bedroom with a new product that strengthens both design and functionality. Ace Bed described OLIVO as a fabric bed that balances comfort and refinement. The company said the headboard’s muted olive-green color and tidy check pattern create a calm but lively mood, and that the nature-inspired color works well with natural and modern interiors. An Ace Bed official said OLIVO would be a good choice for customers looking for an intellectual, classic interior with British retro sensibility.* This article has been translated by AI. 2026-01-28 17:18:33
  • SK On posts 2025 Q4 operating loss of 441.4 billion won; full-year loss 931.9 billion won
    SK On posts 2025 Q4 operating loss of 441.4 billion won; full-year loss 931.9 billion won SK On’s fourth-quarter 2025 operating loss widened 19% from the prior quarter, hurt by base effects tied to the end of U.S. electric-vehicle purchase subsidies, among other factors. According to industry sources on Tuesday, SK On posted fourth-quarter revenue of 1.4572 trillion won and an operating loss of 441.4 billion won. The loss widened by 251.7 billion won from an operating loss of 189.7 billion won a year earlier. Compared with a 124.8 billion won loss in the third quarter, the deficit expanded by more than 300 billion won. Its operating margin was minus 30.3%, down 23.4 percentage points from minus 6.9% the previous quarter. For 2025, SK On reported revenue of 6.9782 trillion won and an operating loss of 931.9 billion won. SK On cited a decline in advanced manufacturing production tax credits under the U.S. Inflation Reduction Act as a key factor behind the weak results. The AMPC benefit fell 71.8 billion won from the prior quarter to 101.3 billion won, weighing on fourth-quarter profitability. The company also recorded a large asset impairment during a restructuring of BlueOval SK, its joint venture with Ford. SK On said, “This impairment temporarily increased the pretax loss, but it is a one-time adjustment that occurred in the process of reflecting asset values under accounting standards.” SK On said it is continuing to prepare business expansion to secure steady growth drivers. It plans to broaden its energy storage system business and pursue new markets so its batteries can be used across industries, including humanoid robots.* This article has been translated by AI. 2026-01-28 17:15:47
  • Amorepacific Donates 300 Million Won; WHO.A.U Debuts 2026 Collection; Skinfood Launches Limited Edition
    Amorepacific Donates 300 Million Won; WHO.A.U Debuts 2026 Collection; Skinfood Launches Limited Edition Amorepacific donates 300 million won to Hope 2026 giving campaign Amorepacific said Tuesday it donated 300 million won to the Community Chest of Korea’s “Hope 2026 Sharing Campaign.” The company has taken part in the campaign for 24 years since 2002. Since 2008, it has made designated donations to its “Beautiful Life” program to support the economic independence of women in vulnerable groups. Since 2024, it has directed donations to its “MEET YOUR BEAUTY” campaign aimed at helping teenagers develop a healthy sense of beauty. Amorepacific said it plans this year to expand MEET YOUR BEAUTY education through schools and related organizations, while also providing intensive programs for teenagers in vulnerable groups. It also plans to develop a standardized curriculum designed for use in the field to spread a message of inclusive beauty. An Amorepacific official said, “We see it as meaningful to practice social responsibility through the Hope Sharing Campaign,” adding, “We will continue sustainable giving and action so we can support neighbors in need.” E-Land’s WHO.A.U unveils first 2026 collection, “Urban Rhythm” WHO.A.U, operated by E-Land World, said Tuesday it will release its first 2026 collection, “Urban Rhythm,” simultaneously in online and offline stores. The collection is built around the theme of keeping one’s own rhythm in the fast pace of city life. The brand said the lineup reflects the lifestyle of today’s generation seeking balance amid noise and speed, featuring natural silhouettes and lightweight comfort. Key styles include lightweight padded outerwear and a “USA reversible warm-up jacket,” designed for everyday wear such as commuting or walking. The company said the items reflect the “granola girl core” trend, described as a nature-friendly outdoor style. A WHO.A.U official said, “Urban Rhythm is a collection for granola girls who keep their own tempo in the fast flow of the city,” adding that the brand is offering outerwear that combines style and mobility for a range of everyday settings. Skinfood launches limited-edition “Manggeureojin Bear” line in Olive Young collaboration Skinfood said Tuesday it is joining a collaboration campaign with Olive Young and the character Manggeureojin Bear, releasing a limited-edition lineup of pad and mask products. The main item, the “Manggeureojin Bear Collab Pad Double Planning Set (three types),” includes two full-size products and a free Manggeureojin Bear pouch (one of two types, selected at random). The “Manggeureojin Bear Collab Carrot Mask Planning Set” includes seven masks (5+2). Buyers of the planning sets will also receive a Manggeureojin Bear hair-fixing sheet. The products will be available starting Feb. 1 at Olive Young online and offline stores. To mark the launch, Skinfood said it will offer discounts of up to 40% throughout February, with discounts of up to 41% from Feb. 1-8. A Skinfood official said the collaboration with the popular character adds collectibility, and the company will continue trying new approaches to offer fresh brand experiences and enjoyment.* This article has been translated by AI. 2026-01-28 17:15:17
  • Daehan Flour Mills to Cut Flour Prices by an Average 4.6% Starting Next Month
    Daehan Flour Mills to Cut Flour Prices by an Average 4.6% Starting Next Month Daehan Flour Mills said Tuesday it will cut prices on some flour products by an average 4.6% starting Feb. 1, citing the government’s push to stabilize prices. The cuts apply mainly to large 20-kilogram products supplied to businesses, including Gompyo Premium Noodle Flour (Australian wheat), Gom (first-grade all-purpose) and Elephant (first-grade bread flour). They also cover 3-kilogram, 2.5-kilogram and 1-kilogram products supplied to retailers. A company official said external factors remain uncertain, including recent tariff talks with the United States, but the won-dollar exchange rate has been gradually stabilizing. The official said the company decided on the cut to align with the government’s price-stability policy and respond to consumer demand, adding that it hopes the move will help ease household grocery costs.* This article has been translated by AI. 2026-01-28 17:12:25
  • SK hynix posts record 2025 profit, topping Samsung Electronics for first time
    SK hynix posts record 2025 profit, topping Samsung Electronics for first time Riding a boom in AI semiconductors, SK hynix posted record annual revenue and operating profit last year, and its operating profit topped Samsung Electronics’ annual operating profit for the first time. SK hynix said in a regulatory filing on Tuesday that it posted 97.1467 trillion won ($97,146.7 billion) in revenue and 47.2063 trillion won ($47,206.3 billion) in operating profit. Net profit was 42.9479 trillion won ($42,947.9 billion). Revenue rose 46.7% from a year earlier and operating profit jumped 101.1%. The results surpassed the company’s previous record set in 2024. Revenue increased by more than 30 trillion won, and operating profit roughly doubled, setting a new annual high. SK hynix’s operating profit also exceeded Samsung Electronics’ companywide operating profit of 43.53 trillion won ($43,530.0 billion) over the same period. SK hynix’s operating margin was 49%. Momentum was especially strong in the fourth quarter, as demand rose not only for high-bandwidth memory, or HBM, but also for general-purpose server memory. SK hynix said it posted record quarterly figures, with revenue up 34% from the previous quarter to 32.8267 trillion won ($32,826.7 billion) and operating profit up 68% to 19.1696 trillion won ($19,169.6 billion). The operating margin was 58%. The company said the AI market is shifting from training to inference, expanding demand for distributed architectures and increasing the importance of memory. It expects demand to keep growing across memory products, including high-performance memory such as HBM, as well as server DRAM and NAND. SK hynix said it is the only company in the industry able to supply both HBM3E and HBM4 stably, and it will strengthen its technology lead along with verified quality and mass-production capabilities. It said HBM4, for which it built a mass-production system in September, is now being produced to meet customer-requested volumes. The company also said it is preparing to supply optimized products in custom HBM, which it described as an emerging next-generation competitive factor. Backed by its record results, SK hynix said it will carry out shareholder returns totaling 2.1 trillion won ($2,100.0 billion). It decided on an additional dividend of 1,500 won ($1.50) per share, totaling 1 trillion won ($1,000.0 billion). Including existing quarterly dividends, it set the year-end dividend at 1,875 won ($1.88) per share. Total dividends for 2025 will be 3,000 won ($3.00) per share, for an overall payout of about 2.1 trillion won ($2,100.0 billion). The company also said it will cancel all of its treasury shares totaling about 15.3 million shares, equivalent to a 2.1% stake, to boost shareholder value. Based on the previous day’s closing price, the shares are worth about 12.2 trillion won ($12,200.0 billion). Song Hyun-jong, president of SK hynix, said the company will pursue sustainable earnings growth based on differentiated technology while maintaining an optimal balance among future investment, financial stability and shareholder returns. He said SK hynix will strengthen its role as a core infrastructure partner in the AI era by helping customers meet AI performance requirements, beyond simply supplying products. 2026-01-28 17:12:00
  • SK hynix best-yet Q4 and 2025 income, beating consensus and Samsung Elec
    SK hynix best-yet Q4 and 2025 income, beating consensus and Samsung Elec SEOUL, January 28 (AJP) -SK hynix, leveraging its dominant lead in high-bandwidth memory (HBM) powering hyperscalers and AI accelerators, delivered its strongest-yet quarterly and annual results and expects further gains this year as global memory revenue approaches $1 trillion. According to a regulatory filing Tuesday, operating income for the quarter ended December surged to 19.17 trillion won ($13.5 billion), up 68 percent from the previous quarter and 137 percent from a year earlier, marking the company’s best quarterly performance on record. Quarterly revenue climbed to a historic high of 32.83 trillion won. The results comfortably beat market expectations. A FnGuide consensus had projected operating profit of 16.4 trillion won on sales of 30.83 trillion won. SK hynix shares closed 5.13 percent higher at 841,000 won, although the earnings were released after market close and earlier than scheduled Thursday, coinciding with Samsung Electronics’ earnings call. For the full year, operating profit more than doubled to 47.2 trillion won from 23.47 trillion won in 2024, surpassing Samsung Electronics’ preliminary consolidated operating profit of 43.5 trillion won for 2025. Annual revenue jumped 47 percent year on year to 97.15 trillion won. An operating margin of 49 percent underscored the pricing power of the pure-play chipmaker, meaning nearly half of every won in chip sales translated into operating profit. “Our results demonstrate the outcome of strategic execution that secured both profitability and growth by reinforcing technology leadership and expanding the share of premium products,” SK hynix said in a statement, adding that 2025 marked “a year in which the company once again proved its world-class technological competitiveness.” SK hynix has been enjoying a clear heyday, overtaking long-time industry leader Samsung Electronics in global memory market share in the first half of the year, largely on the back of its leadership in HBM — widely described as the core memory architecture behind Nvidia’s AI accelerators. Despite market speculation over Samsung Electronics’ rapid progress in sixth-generation HBM4, SK hynix is widely believed to have secured nearly 70 percent of supply allocations for Nvidia’s next-generation Rubin platform, scheduled for release this year. Counterpoint Research estimates SK hynix will command around 54 percent of global HBM4 sales this year, compared with 28 percent for Samsung Electronics and 18 percent for Micron. In HBM3, the company accounted for 62 percent of shipments as of June 2025 and 57 percent of revenue as of September. Goldman Sachs expects SK hynix to maintain a comfortable lead in HBM3 through at least 2026, while UBS forecasts the company will capture around 70 percent of the next AI-standard memory market, HBM4. Bank of America, meanwhile, recently described 2026 as a “supercycle comparable to the memory boom of the 1990s,” projecting year-on-year growth of 51 percent in DRAM sales and 45 percent in NAND, with SK hynix positioned as the primary beneficiary of the industry-wide upswing. 2026-01-28 17:11:48
  • Hanwha Life Sells $25 Million in Performance-Based Retirement Annuities in 6 Months
    Hanwha Life Sells $25 Million in Performance-Based Retirement Annuities in 6 Months Hanwha Life said Tuesday that sales of three performance-based retirement pension insurance products reached about 25 billion won in the six months since their launch. As of the end of December 2025, that marks a 397% increase from the 6.3 billion won in assets under management across five existing performance-based insurance funds, the company said. Hanwha Life attributed the growth to product designs that reflect major pension funds’ asset-allocation strategies and to investor confidence in portfolio stability. The “pension asset-allocation” fund spreads investments across domestic and overseas stocks and bonds, as well as derivatives and alternative assets, aiming to manage risk over the long term. The company said it has been selected by multiple organizations as an option for customers who want pension-fund-style management but cannot invest directly. The “dollar MMF” fund seeks interest income by investing in U.S. dollar-denominated investment-grade bonds. The “long-term bond” fund is built mainly around bonds with maturities of five years or longer and is designed to pursue capital gains when interest rates fall. “Because retirement pensions are managed over a lifetime, long-term stability matters more than short-term performance,” a Hanwha Life official said. The official added that the company will “contribute to revitalizing the retirement pension insurance fund market” by reflecting customer needs and market trends.* This article has been translated by AI. 2026-01-28 17:06:00