Asian markets remain reserved in FOMC week SEOUL, December 09 (AJP) - Asian equity markets remained cautious ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting this week, with investors bracing for any signal that may accompany the widely expected interest-rate cut. Despite Seoul’s show of resolve — underscored most recently by a rare meeting between the prime minister and the Bank of Korea governor — the dollar ended its brief decline and turned upward, gaining 1.4 won to 1,470.90 won per dollar. South Korea’s KOSPI is trading 0.6 percent lower at 4,128.6 as of 10 a.m. Foreign investors are selling 183.9 billion won versus retail investors’ net buying of 117.7 billion won and institutional buying of 51.3 billion won. Blue-chip names are under pressure. Samsung Electronics is down 0.65 percent at 108,800 won, a relatively mild decline thanks to rising prices in legacy semiconductors, particularly conventional DRAMs. SK hynix, more exposed to external sentiment given its concentration in high-value chips such as HBM, is trading 2.25 percent lower at 564,000 won. LG Energy Solution, which jumped the previous day after securing a 2 trillion won electric-vehicle battery deal, is 2 percent lower at 442,000 won. Rival Samsung SDI is down 1.59 percent at 309,000 won. Among the day’s gainers is HD Hyundai Heavy Industries, rising 6.45 percent to 579,000 won, buoyed by news of its planned shipyard project in India’s Tamil Nadu region and expectations that it could gain an edge in the Korea Destroyer Next-Generation (KDDX) program. Japan’s Nikkei 225 is little changed at 50,532.07, stabilizing as U.S. semiconductor stocks rose overnight. Nvidia partner Ibiden is 3.4 percent higher at 13,175 yen (84.51 dollars), while Tokyo Electron is up 1.36 percent at 33,700 yen. But the yen carry-trade pressure persists: Mitsubishi Estate is down 2.4 percent at 3,728 yen, and Tokyu Fudosan Holdings is down 2.45 percent at 1,416 yen. Taiwan’s TAIEX is 0.3 percent lower at 28,210. TSMC is down 0.3 percent at 1,490 Taiwan dollars (47.75 dollars) on profit-taking, and MediaTek is 0.35 percent lower at 1,435 Taiwan dollars. On the mainland, the Shanghai Composite Index is steady at 3,920, while the Shenzhen Component is 0.3 percent lower at 13,291. Hong Kong’s Hang Seng Index is trading 0.2 percent lower at 25,702. 2025-12-09 11:32:42

Latest song by SM founder's rookie girl band makes US radio chart SEOUL, December 9 (AJP) -Multinational girl band A20 MAY's latest song has been included in this week's top 40 chart compiled by U.S. Mediabase. Their song "PAPARAZZI ARRIVE" reached No. 39 on the chart released on Sunday, which is calculated based on the most played songs on radio stations in North America. The quintet with Mandarin-speaking and Chinese-American members, groomed by Lee Soo-man, the founder of SM Entertainment who later left his namesake company amid allegations including tax evasion and unfair business practices, have already made multiple entries on the chart with their debut single "Under My Skin" in April and their follow-up song "BOSS" in June and July. The girls are set to perform at iHeartRadio Z100's annual holiday concert Jingle Ball in New York slated for Dec. 12, along with big names like Ed Sheeran, MONSTA X, and Nelly. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 11:06:55

South Korea's MegazoneCloud expands US push amid AI, cloud services boom SEOUL, December 09 (AJP) - South Korea’s MegazoneCloud is accelerating its expansion in the United States, targeting $300 million in revenue next year as demand for artificial intelligence and cloud migration continues to rise. The company said it will deepen cooperation with Amazon Web Services (AWS) and expand its U.S. workforce and sales network to drive growth. U.S. revenue stood at $29 million last year. The expansion plan was unveiled at the annual AWS re:Invent conference in Las Vegas on Dec. 3. Chief Executive Officer Yeom Dong-hoon, newly appointed U.S. Chief Revenue Officer John Providence and Chief Technology Officer Scott Weber outlined plans to scale operations in major markets including New York, California and Texas. MegazoneCloud said its strategy centers on a close alliance with AWS. Yeom said his experience leading AWS’s global partner organization would help the company expand strategic partnerships and address gaps in AWS’s professional services capability. “We will fill demand that AWS cannot meet directly due to resource constraints,” Yeom said. The company plans to move beyond cloud infrastructure management into higher-value services such as generative AI, data modernization and quantum computing. It currently operates an in-house AI platform, “Air Studio,” and a security brand, “Halo." Initial target industries include automotive, manufacturing and financial services. The company said it plans to expand from its existing work with Hyundai Motor America to broader automotive supply chains and pursue large-scale projects with U.S. clients, including the PGA Tour. To improve efficiency, MegazoneCloud said it will establish a 24-hour operating model by integrating engineers in South Korea and Vietnam with U.S.-based teams, using time-zone differences to provide continuous development and support. Despite perceptions that the U.S. market is mature, Yeom said substantial growth opportunities remain. “We aim to deliver meaningful results in the U.S. by applying proven strategies from Korea and Vietnam,” he said. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 10:54:04

South Korean PM meets BOK chief amid KRW concerns SEOUL, December 09 (AJP) - South Korean Prime Minister Kim Min-seok and Bank of Korea Governor Rhee Chang-yong held an unusual closed-door meeting early Tuesday, signaling the government’s reinforced determination to arrest the prolonged weakness of the Korean won that is rippling through every corner of Asia’s fourth-largest economy — from inflation and purchasing power to investment sentiment and long-term growth potential. The meeting, held at the government complex in Seoul, was notable in itself. The central bank governor typically meets monthly with the finance minister and the Financial Services Commission chair; direct consultations with the prime minister are rare. Kim said “uncertainties remain despite back-to-back gains in GDP growth and an improvement in consumer sentiment,” pledging that the administration would “solidify the economic recovery and extend it to stabilizing people’s livelihoods.” He highlighted government efforts to ease food-price burdens, revitalize regional economies, and expand growth potential through artificial intelligence and innovation. Rhee said the Bank of Korea will continue research on structural reforms to strengthen long-term growth potential while maintaining close communication and cooperation with the government as foreign-exchange volatility persists. The meeting comes as the finance ministry prepares a sweeping package of measures — including tax incentives to increase dollar supply, expanded hedging tools for pension funds, and new liquidity-support mechanisms — to counter what policymakers increasingly see as a currency-driven threat to macro stability. The Korean won has hovered around 1,470–1,480 won per dollar for nearly a month. Separately, the government continues to operate a four-party FX consultative body — bringing together the finance ministry, the Bank of Korea, the National Pension Service and the welfare ministry — to coordinate market-smoothing efforts and prevent disorderly swings in the won. The dollar rose 0.50 won to 1,470 won as of 10:25 a.m. in Seoul Tuesday. The article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 10:23:36

K-leggings stretch across Asia as XEXYMIX, Andar accelerate regional expansion SEOUL, December 09 (AJP) - South Korean athleisure brands known for form-fitting designs tailored to Asian body types are gaining strong traction across Southeast Asia, riding the broader “K-everything” wave sweeping the region. XEXYMIX, led by Chief Executive Lee Soo-yeon, said Tuesday it recently wrapped up a three-day pop-up in Jakarta — a key step in deepening its presence in Indonesia, one of Southeast Asia’s fastest-growing fitness and wellness markets. The “XEXYMIX in the City” event, held Dec. 5–7 at About Us Brasserie, blended retail with experiential marketing, offering pilates sessions, wellness programs and collaborations with local studios including Gaon Pilates Studio. Indonesian influencers such as Namira Adzani and Jessy Kusno helped amplify the brand’s visibility, drawing both fitness enthusiasts and new customers. Industry analysts say Korean athleisure’s regional appeal stems from its meticulous, fit-driven approach — a contrast with many Western labels whose sizing and proportions often miss the mark for Asian consumers. “U.S. brands often struggle with sizing for Asian women,” said Ellen Suh, a Seoul-based consumer in her 40s. “XEXYMIX fits me the best. With a smaller lower body, I can barely find the right size in U.S. brands. Korean leggings are designed for Asian physiques, offer more size options, and pay close attention to areas like the waistline, belly pooch and lower body parts, making them more comfortable and less revealing.” XEXYMIX has been widening its Asian footprint through fitness-led partnerships and sporting events, including Indonesia’s Sundays Fest yoga event, the XEXY Braid Tennis Tournament and sponsorship of Garmin Run Indonesia. The brand already operates in Japan, Taiwan and China, and plans to enter additional Southeast Asian markets such as Thailand and the Philippines. Rival athleisure brand Andar is pursuing a similar strategy. After establishing footholds in Japan and the United States, Andar has been expanding across Asia, betting on rising demand for premium leggings that combine compression, stretch and everyday wearability. XEXYMIX said the Jakarta pop-up not only heightened brand awareness but also provided valuable insight into local preferences. “This project allowed us to engage directly with both current and potential customers,” a company spokesperson said. “We will continue to strengthen our presence by working closely with local partners and expanding our omnichannel strategy.” 2025-12-09 10:19:53

Ssangyong E&C secures hospital construction project in Singapore SEOUL, December 09 (AJP) - South Korea's Ssangyong Engineering & Construction has secured a major hospital construction contract from Singapore’s Ministry of Health. The company said on Tuesday it won a contract worth $580 million to build the outpatient building at Alexandria Hospital, as part of a joint venture in which it holds a 40 percent stake alongside Japan’s Shimizu and Singapore’s Kimly. The project includes a three-level basement and a 12-story superstructure housing outpatient clinics and office space, as well as a four-story parking facility. The contract was awarded following a competitive bidding process that included Chinese construction firms, the company said. A Ssangyong spokesperson said the award reflected confidence in the company’s hospital construction capabilities, citing its successful delivery of the Woodlands Health Campus project despite disruptions caused by the COVID-19 pandemic. “Our performance on the Woodlands Health Campus demonstrated our ability to execute complex healthcare projects to a high standard, which earned strong client trust and led directly to this latest contract,” the official said. * This article, published by Economic Daily, was translated by AI and edited by AJP. 2025-12-09 10:18:57

Lee to visit Japanese PM's hometown next month SEOUL, December 9 (AJP) - President Lee Jae Myung is planning a visit to Japan's historic city of Nara next month for a summit with Japanese Prime Minister Sanae Takaichi. Nara, the ancient capital during the island country's early imperial era, is Takaichi's hometown. As part of shuttle diplomacy to strengthen bilateral ties, Lee previously said he had expressed his desire to visit Nara during a meeting with her in late October on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju, and she had welcomed the idea. Lee is also considering a visit to Beijing to meet with Chinese President Xi Jinping after his trip to Japan. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 09:58:18

South Korea weighs stockpiling as copper prices break records SEOUL, December 09 (AJP) - Copper prices have surged to record highs as supply disruptions and rising demand from emerging technologies tighten the global market. The South Korean government plans to secure a 60-day stockpile of key minerals by next year. Lawmaker An Do-geol of the Democratic Party has called for an additional 39,000 tons of copper reserves over the next five years to support expanding power grids and data center infrastructure. According to the London Metal Exchange, copper prices peaked at $11,645 per metric ton on Dec. 5, surpassing the previous record of $11,104 set in May 2024. Prices are up around 34 percent so far this year. Demand for the metal, a critical input for semiconductors, electric vehicles and power infrastructure, is accelerating as growth in artificial intelligence data centers and electrification expands. Meritz Securities of South Korea estimates that so-called non-traditional copper demand will rise from 6.55 million tons this year to 14.15 million tons by 2030. Supply has been constrained by disruptions at major mines, including the closure of Panama’s Cobre Panama mine last year and a landslide at Indonesia’s Grasberg mine. Analysts say these disruptions are unlikely to be resolved quickly, heightening concerns over structural shortages. Major investment banks have warned of rising risks, with Goldman Sachs forecasting that copper prices could climb to $15,000 per ton next year, accompanied by increased price volatility. Experts say a long-term strategy is needed to reduce supply risks. Oh Jung-seok, a specialist at the International Finance Center, said the strategic importance of copper is increasing rapidly amid intensifying global competition, underscoring the need for diversified supply chains and stronger stockpiling policies. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 09:49:11

All 12 CubeSats aboard Nuri rocket establish communication with ground stations SEOUL, December 09 (AJP) - All 12 CubeSats launched aboard South Korea’s fourth Nuri rocket mission have successfully established communication with ground stations, confirming the full success of the launch, the Korea Aerospace Research Institute said on Monday. Previously unresponsive satellites — including EEE Tester-1 developed by the Korea Aerospace Research Institute, SpaceInTech’s B-1000 and Quaternion’s PERSAT — have now made contact. The Nuri rocket was launched on Nov. 27 carrying the next-generation medium satellite No. 3 along with 12 CubeSats. All payloads were successfully placed into a 600-kilometer earth orbit. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 09:27:17

Park Chan-wook's film earns multiple Golden Globe nominations SEOUL, December 9 (AJP) - Award-winning director Park Chan-wook's latest film "No Other Choice" has been nominated for the annual Golden Globe Awards. According to nominations for the prestigious awards unveiled on Monday with winners to be revealed next month, Park's 12th feature will compete against "Blue Moon," "Bugonia," "Marty Supreme," "Nouvelle Vague," and "One Battle After Another" in the category of "Best Motion Picture – Musical or Comedy." The film is also up for an award given to the best non-English language film, while lead actor Lee Byung-hoon is vying for "Best Performance by a Male Actor in a Motion Picture – Musical or Comedy." Lee will compete with Ethan Hawke ("Blue Moon"), George Clooney ("Jay Kelly"), Jesse Plemons ("Bugonia"), Leonardo DiCaprio ("One Battle After Another"), and Timothée Chalamet ("Marty Supreme"). Netflix's hit anime "KPop Demon Hunters" also earned three nominations – "Best Motion Picture – Animated," "Best Original Song -Motion Picture," and "Cinematic and Box Office Achievement." The Hollywood remake "Bugonia," based on the 2003 South Korean film "Save the Green Planet!," received nominations for "Best Motion Picture – Musical or Comedy," "Best Performance by a Male Actor in a Motion Picture – Musical or Comedy" (Jesse Plemons) and "Best Performance by a Female Actor in a Motion Picture – Musical or Comedy" (Emma Stone). The 83rd Golden Globe Awards will take place in Los Angeles on Jan. 11 next year. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2025-12-09 09:11:22