Industry

  • South Koreas import prices surge to 9-month high on weak won
    South Korea's import prices surge to 9-month high on weak won SEOUL, November 14 (AJP) - South Korea’s import prices rose in October to their highest level in nine months, pushed up by a sharp depreciation of the won. Export prices climbed even more steeply, reflecting both currency effects and strengthening demand for semiconductors and metals. Data released Friday by the Bank of Korea showed that import prices increased 1.9 percent in October from the previous month, the fastest pace since January, after modest 0.3 percent gains in August and Sep November 14, 2025
  • Leading chip equipment maker ASML sets up major campus in South Korea
    Leading chip equipment maker ASML sets up major campus in South Korea SEOUL, November 12 (AJP) - ASML, the Dutch maker of the world’s most advanced semiconductor manufacturing equipment, has completed construction of a new campus in Hwaseong, Gyeonggi Province. The complex is designed to support South Korea’s leading chipmakers, Samsung Electronics and SK hynix, while strengthening local technical capabilities and supply chain stability. The new site will serve as ASML’s key Asian hub, housing a remanufacturing center for deep ultraviolet (DUV) November 12, 2025
  • Koreas record Jan-Sept current account flags deepening reliance on chip exports
    Korea's record Jan-Sept current account flags deepening reliance on chip exports SEOUL, November 06 (AJP) - South Korea’s thriving semiconductor business has pushed the country’s current account surplus to its largest-ever level for September, but the details point to a growing dependence on a narrow set of export engines. Preliminary Bank of Korea data show the current account logged a $13.47 billion surplus in September, lifting the cumulative black to a record $82.77 billion for the January–September period — up 23 percent from a year earlier. Th November 6, 2025
  • South Koreas stock market rides early wave of AI-driven supercycle
    South Korea's stock market rides early wave of AI-driven supercycle SEOUL, November 05 (AJP) - South Korea’s stock market appears to be entering the early stages of what analysts are calling an artificial intelligence–driven “supercycle,” as investors pour into semiconductor, robotics, and infrastructure shares amid growing optimism about the country’s role in the global AI boom. The rally gained momentum following recent international events such as the APEC summit and Nvidia’s AI conference, both of which underscored the lo November 5, 2025
  • Four out of ten Korean tech workers eye work abroad as firms vie to keep them home
    Four out of ten Korean tech workers eye work abroad as firms vie to keep them home SEOUL, November 04 (AJP) - Four out of ten South Koreans employed in science and engineering say they want to work abroad in pursuit of higher compensation and better social recognition, underscoring the talent pressures Korean companies face as global competition intensifies in AI and IT. A recent Bank of Korea study found that 42.9 percent of salaried STEM-degree holders are considering relocating overseas within the next three years, and the share rises to about 70 percent among those in th November 4, 2025
  • Koreas Oct exports hit record high for the month, extends 5-mo growth streak
    Korea's Oct exports hit record high for the month, extends 5-mo growth streak SEOUL, November 02 (AJP) - South Korea’s exports extended their growth streak for the fifth consecutive month, rising 3.5 percent on year to $59.57 billion in October – the highest ever for the month – despite fewer working days from the Chuseok holiday thanks to record chip and robust vessel shipments. According to data released Saturday by the Ministry of Trade, Industry and Resources, the trade account posted a $6.06 billion surplus as imports fell 1.5 percent to $53.52 bil November 2, 2025
  • S. Korean economists see signs of rebound, but growth momentum remains fragile
    S. Korean economists see signs of rebound, but growth momentum remains fragile SEOUL, October 29 (AJP) - South Korea’s economy is showing clearer signs of recovery, led by rebounding semiconductor exports and stronger outbound shipments, suggesting that the country may have passed the bottom of the current downturn. According to preliminary data released by the Bank of Korea on Monday, real gross domestic product (GDP) grew 1.2% in the third quarter from the previous quarter, beating market expectations of 1.0%. It marked the fastest quarterly expansion in a year a October 29, 2025
  • Koreas young pharma breed Samsung Biologics and Celltrion bulk up as bottom line holds
    Korea's young pharma breed Samsung Biologics and Celltrion bulk up as bottom line holds SEOUL, October 29 (AJP) - Korea's relatively young pharma heavyweights Samsung Biologics and Celltrion are outgrowing their older peers at home and abroad through aggressive and unconventional expansion. Samsung Biologics, founded in 2011, has scaled up relentlessly and now ranks No. 3 in the global contract development and manufacturing organization (CDMO) market. Within its second Bio Campus in Songdo, Incheon, the Samsung Group unit plans to complete Plants 6 to 8 by 2032, raising total October 29, 2025
  • D-7: Korean Inc. to indulge APEC guests with latest innovations
    D-7: Korean Inc. to indulge APEC guests with latest innovations SEOUL, October 24 (AJP) - A drone gala will light up the night sky and hydrogen-powered limousines will shuttle guests who can try out the world's first tri-fold smartphones. K-Pop Demon Hunters-themed snacks and K-beauty items will be everywhere. All things Korean — now globally adored — will fill the APEC venue in Gyeongju next week as Korean Inc. flaunts its latest innovations and hottest creations. From semiconductor titans to clean-energy pioneers, this year's APEC in K October 24, 2025
  • Samsung weighs new control tower as leadership reshuffle nears
    Samsung weighs new 'control tower' as leadership reshuffle nears SEOUL, October 21 (AJP) - Samsung Electronics is considering reestablishing a central management body to coordinate its sprawling business divisions, as the conglomerate prepares for a major executive reshuffle next month. The move comes as Chairman Lee Jae-yong marks his third year at the helm with the company riding a resurgent semiconductor boom. Industry sources say Samsung plans to accelerate both its annual personnel reshuffle and a broader organizational restructuring. At the center of October 21, 2025