SKC Posts First Positive EBITDA in 10 Quarters as Semiconductor, Chemical Units Rebound SKC said it rebounded on improved results in its semiconductor and chemical businesses. The company said Tuesday that first-quarter consolidated revenue totaled 496.6 billion won, while it posted an operating loss of 28.7 billion won. The loss narrowed sharply from the previous quarter, and earnings before interest, taxes, depreciation and amortization came to 10 billion won, turning positive for the first time in 10 quarters. Kim Jong-woo, who took office in November, got off to a strong start, the company said. Its semiconductor materials unit posted first-quarter revenue of 68.3 billion won and operating profit of 23.6 billion won. The operating margin reached 34.5%, helped by higher sales of high-value test sockets as demand grew for AI data centers. SKC said it was the unit’s best quarterly performance on record. The chemical business also returned to profit, with first-quarter revenue of 270.8 billion won and operating profit of 9.6 billion won, its first profit in 13 quarters. SKC cited a windfall from the war in the Middle East and an expanded sales strategy for high-value propylene glycol. SK Nexilis, the battery materials affiliate led by Kim as CEO, also supported the turnaround, SKC said. The company said it benefited from reshaping its business around North America and the energy storage system market. It also pointed to efforts after Kim’s appointment to clear one-off costs and cut manufacturing costs by expanding operations at its Malaysia plant during the first quarter. SKC said preparations for mass production of semiconductor glass substrates, a future growth driver, are proceeding as planned. It has begun making samples for customer evaluations, aims to complete reliability tests within the year, and plans to diversify applications by reviewing new projects with multiple global big-tech customers in the second quarter. Separately, SKC said its planned 1 trillion won rights offering to fund new businesses and improve its financial structure drew strong internal demand, with employee subscription demand reaching 132% of the amount offered. * This article has been translated by AI. 2026-04-29 18:08:48

Indonesia’s Sinar Mas revises bid terms to buy Hyundai LNG Shipping as industry opposes sale Hyundai LNG Shipping’s long-stalled sale process has reached a turning point after Indonesia’s Sinar Mas Group presented revised terms that reflect domestic concerns, according to the investment banking industry. Still, whether a deal can be completed remains unclear as the government and the shipping industry are moving to block an overseas sale of a Korean carrier, citing energy security. On 29, the investment banking industry said Sinar Mas recently reintroduced conditions in negotiations to acquire Hyundai LNG Shipping, including employment succession and maintaining the company’s status as a Korean-flag carrier. The move was seen as an effort to address concerns raised earlier about potential damage to energy security. An IMM Private Equity consortium began the sale process in November last year, seeking to transfer Hyundai LNG Shipping to Sinar Mas for about 3.8 trillion won. Hyundai LNG Shipping traces its roots to the liquefied natural gas carrier business unit of Hyundai Merchant Marine. It is South Korea’s largest liquefied gas shipping specialist, operating 12 LNG carriers and six liquefied petroleum gas carriers. Through long-term transport contracts with Korea Gas Corp., it carries about 25% to 30% of the gas imported into South Korea. The shipping industry voiced immediate opposition after reports of an overseas sale. Industry officials have warned that a foreign sale of Hyundai LNG Shipping, which is closely tied to stable energy supply, could lead to the outflow of strategic transport assets and specialized personnel, the loss of LNG shipping know-how and other national wealth, and difficulties requisitioning ships in a national emergency. Against that backdrop, Sinar Mas has again emphasized its intent to ensure operational stability after an acquisition and to keep the existing business structure, highlighting guarantees on employment succession and maintaining Korean-flag status. Major hurdles remain. With tensions continuing in the Middle East, the need for energy-related strategic merchant shipping has again come into focus. A key variable is whether the Ministry of Trade, Industry and Energy approves the sale. The ministry is reviewing, through its Foreign Investment Review Committee, whether the transaction involves a company deemed to hold national core technology. If it is classified as such, a separate approval process by the industry minister would be required, potentially delaying the deal significantly. In 2023, European shipping companies also showed interest in Hyundai LNG Shipping, but the government blocked the sale on energy security grounds and it fell through. “Now is a time when stable energy supply and demand matters more,” a shipping industry official said. “Given the role of a Korean LNG carrier, it is preferable to find a buyer at home rather than sell overseas.”* This article has been translated by AI. 2026-04-29 18:07:33

BMW M Sets 14th Straight Global Sales Record, Leads Korea’s Premium High-Performance Segment BMW’s high-performance brand BMW M set a global sales record for the 14th consecutive year, industry officials said. The brand also held onto the top spot in South Korea’s premium high-performance market, extending its position as a technology leader. According to the industry on Tuesday, BMW M sold 213,457 vehicles worldwide last year, up 3% from a year earlier. BMW M accounted for a record 9.8% of BMW’s total sales last year. BMW M’s best-selling model was the BMW X3 M50. Among M high-performance models, the BMW M2 and M3 posted their highest-ever sales totals last year, with 71,500 units sold. BMW Korea sold 5,541 BMW M models last year, ranking No. 1 for the second straight year in domestic premium high-performance vehicle sales. The BMW M340i sedan led the lineup with 613 units, followed by the M850i xDrive Gran Coupe (572), M2 (436), X7 M60i (349) and XM (315). BMW M remained No. 1 in the first quarter, selling 1,334 vehicles, up 7% from the same period a year earlier. A BMW Korea official said the company would “further solidify leadership in the premium high-performance market by strengthening the value of the BMW M brand.”* This article has been translated by AI. 2026-04-29 18:06:27

Hyundai Motor shifts robotics lab under AVP unit, steps up Nvidia physical AI push Hyundai Motor Group is reshuffling its organization to strengthen its competitiveness in physical artificial intelligence, while accelerating efforts to build a physical AI alliance with Nvidia. According to industry sources on April 29, Hyundai Motor will move its Robotics Lab — currently under the R&D division focused on vehicle hardware development — to the Advanced Vehicle Platform (AVP) division, which oversees future mobility technologies. The Robotics Lab will be led by Park Min-woo, president and head of the AVP division. Park joined Hyundai Motor Group in January after building experience at Nvidia and Tesla in autonomous driving, AI models, computer vision, sensor fusion and machine learning. A Hyundai Motor official said the change is intended to strengthen synergy among robotics, autonomous driving and AI technologies and to improve cross-organization collaboration efficiency. Analysts said the reshuffle signals Hyundai’s push to shift more decisively toward physical AI. They said a leadership change was needed to commercialize products developed by the Robotics Lab, including the industrial robot “X-ble Shoulder” and the small mobility platform “MobED.” Hyun Dong-jin, an executive director who has overseen Robotics Lab development for the past 12 years, is reported to be stepping down. Separately, the day before, Hyundai Motor Group Executive Chairman Chung Euisun met with Madison Huang, senior director of Omniverse and robotics product marketing at Nvidia and the eldest daughter of Nvidia CEO Jensen Huang. They discussed ways to strengthen a next-generation physical AI partnership spanning semiconductors, mobility and robot platforms. Hyundai and Nvidia have recently expanded their technology alliance from software-defined vehicles to humanoid robots, in what the industry views as a strategic move to secure an early lead in physical AI standards. Hyundai is adopting Nvidia’s DRIVE Hyperion platform to build an integrated autonomous driving architecture that can scale from Level 2 and above advanced driver-assistance systems to Level 4 robotaxis. Affiliate Boston Dynamics has installed Nvidia’s robotics AI computing platform, Jetson Thor, on its humanoid robot Atlas. The companies are also developing a robotics foundation model aimed at enabling robots to understand and follow human language and actions without programming. In the meeting, Huang was also reported to have explored a practical cooperation model combining Nvidia’s Omniverse robot simulation platform with Hyundai’s robot hardware.* This article has been translated by AI. 2026-04-29 18:05:08

South Korea Forecast: Clouds in Central Regions; Rain Possible in Jeju and Parts of the South The Korea Meteorological Administration forecast that Thursday the central region will see intermittent clouds, with rain possible in some areas. In a briefing Wednesday, the agency said the central region will be “cloudy at times,” while the southern region and Jeju Island will be mostly overcast. It said rain is expected in parts of Jeju from noon to 6 p.m. From 3 p.m. to 6 p.m., rain is forecast in southern North Chungcheong Province and in parts of eastern Jeolla and the Gyeongsang region, it said. The agency added that, depending on conditions, a trace of drizzle of less than 0.1 millimeter could fall in parts of the southern coasts of South Jeolla and South Gyeongsang from midnight to 6 a.m. Morning lows are forecast at 9 C in Seoul, 8 C in Suwon, 9 C in Incheon, 13 C in Busan, 11 C in Ulsan, 11 C in Daegu, 10 C in Gwangju, 8 C in Jeonju, 9 C in Daejeon, 9 C in Cheongju, 10 C in Gangneung, 6 C in Chuncheon and 10 C in Jeju. Afternoon highs are expected to reach 23 C in Seoul, 22 C in Suwon, 21 C in Incheon, 18 C in Busan, 18 C in Ulsan, 21 C in Daegu, 20 C in Gwangju, 21 C in Jeonju, 22 C in Daejeon, 22 C in Cheongju, 19 C in Gangneung, 22 C in Chuncheon and 16 C in Jeju. Fine dust and ultrafine dust levels are forecast to be “moderate” nationwide in both the morning and afternoon.* This article has been translated by AI. 2026-04-29 18:04:09

Seoul, Tokyo echo self-defense amid U.S. distraction in Gulf SEOUL, April 29 (AJP) - Self-sufficiency has shifted from a strategic choice to an absolute necessity for U.S. allies in East Asia. As American military resources become increasingly overextended in the Middle East, leaders in South Korea and Japan have begun harmonizing their rhetoric, placing a renewed emphasis on independent self-defense capabilities. During a cabinet meeting on Tuesday, President Lee Jae Myung delivered a lecture on the imperative of national self-reliance. "A nation must be able to defend itself. Why should we rely on others?" Lee bolstered his reasoning by citing South Korea’s current military standing: the world’s fifth-largest defense capability (independent of U.S. assets) and its position as the fourth-largest global arms exporter. The entrenched U.S. engagement in the Middle East after attacks on February 28, 2026 has precipitated this urgency. The financial burden on Washington is mounting; as of early April, the U.S. is estimated to have spent $35 billion on the conflict. Analysts project that total costs could exceed $1 trillion if the war continues to drag on. Amid this distraction, North Korea has ramped up its military provocations. In April alone, Pyongyang conducted four ballistic missile launches from Wonsan on April 8 and from the Sinpo area on April 19, raising the possibility of submarine-launched ballistic missile (SLBM) testing. The North also claimed to have tested short-range ballistic missiles equipped with cluster munitions between April 6 and 8. On paper, South Korea maintains a significant conventional advantage; its annual defense budget exceeds North Korea’s entire GDP. However, as the contemporary wars in Ukraine and Iran have demonstrated, firepower alone does not guarantee victory. Professor Kim Houng-yu of the Korea Defense Industry Association notes that "no country conducts war operations in isolation in modern conflict." He argues that military rankings are often deceptive, pointing to the Russia-Ukraine war as proof that even major powers face grueling uncertainty on the battlefield. "Alliances and coalition operations remain essential for national security," Kim concluded. Despite the rhetoric of self-reliance, several "anchors" keep the U.S.-ROK alliance in place. Under the U.S. National Defense Authorization Act, the number of U.S. troops stationed in South Korea is capped at 28,500, making any abrupt reduction difficult without congressional approval. Some analysts also note that the U.S. 2026 National Defense Strategy calls for maintaining “primary responsibility” for deterring North Korean conventional threats while continuing close coordination with the United States. Strain in traditional trilateral ties Recent months have seen visible friction in bilateral coordination. In January, Seoul requested a reschedule of trilateral air drills with the U.S. and Japan, citing the Lunar New Year and Japan's provocative "Takeshima Day." The U.S. ultimately proceeded with the drills alongside Japan only. Further tension surfaced on February 18–19, when U.S. Forces Korea conducted independent operations over the Yellow Sea. This prompted a standoff with Chinese fighter jets and a subsequent protest from South Korean Defense Minister Ahn Gyu-back regarding a lack of prior consultation. General Xavier Brunson reportedly issued an apology, and the drills were truncated from four days to two. Japan’s recent policy shifts add a layer of complexity. With roughly 55,000 U.S. troops on its soil, Tokyo is revising export rules to allow for the transfer of lethal weapons. This signals a move toward active combat readiness. Professor Hosaka Yuji of Korea University suggests this is a calculated alignment with Washington. "The Takaichi administration is leaning into cooperation with the Trump administration," he noted, highlighting that Japan is seeking a partnership that covers not just Chinese containment, but also the securing of critical resources like rare earths. As the U.S.-Iran conflict shows no sign of abating, South Korea is caught in a delicate balancing act. The trajectory of the alliance will be defined by how well Seoul can reconcile its goal of a self-reliant defense with the harsh realities of geopolitical interdependence. 2026-04-29 18:03:24

Justice Minister Jung Sung-ho Orders Panel to Review Prosecutors’ Human Rights Concerns Justice Minister Jung Sung-ho has instructed the Justice Ministry to set up a tentatively named “Prosecutors’ Human Rights Respect and Future Committee” to review cases that have sparked public suspicion of human rights violations or abuse of authority during prosecutorial investigations and indictments. The ministry said April 29 that Jung ordered the committee’s creation and explained the rationale. It said prosecutors established a human rights violation review task force at the Seoul High Prosecutors Office in September last year and investigated allegations of rights abuses and overreach, but the effort was deemed insufficient to resolve public doubts. The ministry added that additional suspicions have persisted after new facts emerged during a subsequent parliamentary investigation, leaving many people questioning the legality and appropriateness of the investigative process at the time. Taking those circumstances into account, Jung directed the ministry to establish an independent committee made up of outside members, it said. According to the ministry, Jung instructed the committee to select cases for review where public doubts have been raised about investigations and indictments; devise a plan to form an investigative body to independently examine related allegations arising from prosecutors’ work; and report findings and recommend follow-up steps to prevent recurrence if rights violations or abuse of authority are confirmed. A ministry official said it “takes seriously the criticisms and reprimands” raised during the parliamentary investigation’s agency briefings, on-site inspections and hearings, and pledged to “systematically review and correct” past prosecutorial practices and errors so the prosecution can fulfill its responsibilities as a core criminal justice institution and regain public trust.* This article has been translated by AI. 2026-04-29 18:03:07

China's maritime push emboldens, raising strategic stakes in Korean waters SEOUL, April 29 (AJP) - China’s naval activity across Asian waters — including areas off the Korean Peninsula — has surged markedly, according to data obtained by a South Korean lawmaker, raising questions over the intent behind the sudden uptick. Chinese aircraft carriers entered waters under South Korean jurisdiction eight times in 2025, the highest annual figure since the Joint Chiefs of Staff began compiling such data in 2020, the office of People Power Party Rep. Yu Yong-weon said Wednesday. Warship movements showed a similar trajectory. Chinese naval vessels entered South Korean jurisdiction roughly 350 times in 2025, up from about 330 the previous year. Military aircraft also increased their presence, entering South Korea’s air defense identification zone more than 100 times, compared with over 90 in 2024. Carrier activity has steadily built over time: two entries in 2020, seven in 2022, five in 2023, six in 2024 and eight in 2025. The momentum has carried into this year. In the first quarter alone, a Chinese naval vessel approached within about 50 kilometers of South Korea’s territorial waters off the Taean Peninsula — roughly 140 kilometers from Seosan Air Base and about 180 kilometers from U.S. installations at Osan Air Base and Camp Humphreys. While remaining outside territorial waters, such proximity allows Chinese vessels to potentially collect radar, communications and other electronic signals linked to South Korean and U.S. military operations. The area sits near key approaches to Seoul, major air bases and critical U.S. facilities central to any contingency involving North Korea or Taiwan. Officials across South Korea, Japan and Southeast Asia say the pattern is forcing closer surveillance of Chinese ships and aircraft, even when encounters stop short of direct violations. In Seoul, concerns are growing that Beijing is seeking to normalize its presence in nearby waters while extending its naval reach deeper into the Pacific. The buildup coincides with China’s expansion of its carrier fleet, enhanced amphibious capabilities and more assertive claims in contested seas. China, for its part, maintains that its maritime operations are lawful and defensive, frequently accusing the United States and its allies of heightening tensions through increased military cooperation near its coastline. To governments from Seoul to Tokyo to Manila, however, the pattern increasingly resembles not routine patrols but the emergence of a new maritime order in Asia. South Korea defines “jurisdictional waters” as areas where it exercises sovereignty or sovereign rights, including territorial waters, the exclusive economic zone and the continental shelf. While international law permits foreign warships to transit EEZs, the South Korean military tracks such movements closely and deploys patrol assets when vessels approach sensitive zones. The Yellow Sea has long been strategically sensitive, given Chinese naval and missile facilities positioned along its coastline facing the Korean Peninsula. Han Ki-ho, a member of the National Defense Committee and a former army lieutenant general, said the growing activity should be viewed within a broader strategic context. China’s effort to expand its control in the Yellow Sea “should not be viewed narrowly as targeting South Korea alone,” Han said. “We must be firm in protecting our maritime sovereignty in the West Sea,” he added. Ksenia Kirkham, a scholar at King’s College London, offered a more cautious interpretation. "China’s increased naval activities in the South China Sea and in the West Sea, near the borders of South Korea, although perceived by South Korea as ‘aggressive’ and as being contrary to international law, should not be understood as aggression against Seoul itself, but rather as a response to what China interprets as provocative US military build-up in the region," she said. She added that Seoul should handle any breaches of airspace or territorial waters through diplomatic channels while maintaining stable relations with Beijing and avoiding entanglement in escalating great-power rivalry. Her assessment underscores a deeper dilemma for South Korea. China remains a key trading partner, creating strong incentives to avoid escalation. At the same time, Seoul’s alliance with the United States leaves little room to ignore repeated Chinese military activity near its coast, airspace and critical infrastructure. For policymakers, the immediate challenge lies in distinguishing lawful passage from strategic signaling. A single carrier transit through an EEZ may be legal, but repeated operations — combined with rising warship entries and air incursions — carry broader military and political implications. Experts broadly agree that the trend should not be viewed as a series of isolated incidents but as part of a wider maritime strategy. Sarah Tzinieris of King’s College London said “China’s naval expansion is about shifting from coastal defense to sustained power projection in the Indo-Pacific,” noting that the Chinese military is “designed not just to defend its shores, but rather to shape the strategic environment beyond them.” Central to this effort is control over maritime approaches and sea lanes, reinforced by what she described as an “expansionist dimension,” including land reclamation that has turned reefs into fortified outposts equipped with runways and radar systems. The use of maritime militia and fishing fleets further enables China to operate at scale while maintaining plausible deniability. “China’s naval build-up is not just about capability; it is about changing the rules of the game at sea,” Tzinieris said, with incremental actions — often described as “salami-slicing” — gradually normalizing its presence in contested waters. 2026-04-29 18:02:52

South Korea Says It Is Consulting Iran on Korean Ships’ Passage Through Strait of Hormuz Cheong Wa Dae said Tuesday it is actively seeking ways to resolve navigation issues involving South Korean vessels in the Strait of Hormuz, including through consultations with the Iranian government. Senior presidential spokesperson Kang Yu-jung made the remarks at a briefing at the Chunchugwan press center, responding to a question about whether there had been progress for South Korean ships after reports that a Japanese tanker had made its first passage through the strait with Iranian authorization. Kang said the matter requires consideration of multiple factors, including ship safety and the position of the shipping company, and noted that more than one country is often involved, requiring broad communication and cooperation. She added that the South Korean government maintains that, within international norms, freedom of navigation and safety must be guaranteed for all vessels in the Strait of Hormuz, including South Korean ships, and said talks are underway based on that position. According to foreign media reports, a Japanese tanker was confirmed to have transited the Strait of Hormuz on the morning of April 28 local time.* This article has been translated by AI. 2026-04-29 18:01:16

Cafe24 PRO Launches Automated SMS and Kakao Friend Talk Messaging for Online Stores Global e-commerce platform Cafe24, led by CEO Lee Jae-seok, is offering an automated messaging service for SMS and Kakao Friend Talk through its premium operations support service, Cafe24 PRO. The service is designed to help online store operators more easily send marketing messages to customers, including promotions, new product launches and re-purchase campaigns. Previously, operators typically had to handle key steps themselves, such as setting recipient groups, writing copy, choosing a channel and checking rules for advertising messages. For small and midsize shopping malls with limited staff, those steps often became a burden. Cafe24 said it now supports the process through its system, from message registration to channel settings and delivery, reducing the time and procedural load for operators. To use it, operators enter the purpose, target audience and preferred schedule under “Message Sending Request” in the “Work Request” menu within the Cafe24 admin page. Cafe24 PRO customers can request and use the function from the admin page without additional complicated procedures. The supported channels are SMS and Kakao Friend Talk. SMS can be sent to members who have agreed to receive messages, while Kakao Friend Talk can be used for Kakao channel friends. For long messages, three SMS credits are deducted; for image-type Kakao Friend Talk messages, 2.2 SMS credits are deducted. Cafe24 also applies a compliance check for advertising messages. The service helps verify items that could lead to legal penalties, including whether recipients have consented, required advertising wording and handling of an 080 opt-out number. Because commercial advertising messages require prior consent and a way to opt out or withdraw consent, Cafe24 said it aims to automate related steps and reduce operators’ burden. A fashion brand manager using the service said, “We were able to reduce resources needed to prepare promotional sends and focus on product planning.” A food shopping mall manager said, “Because required advertising text rules are reflected together, it eased the burden of noncompliance.” A Cafe24 official said some businesses delay new product and promotion notices because the messaging process is complex. “Through the automated messaging service, we plan to support operators so they can communicate with customers on time without procedural burdens and connect that to real sales,” the official said.* This article has been translated by AI. 2026-04-29 18:00:10