Industry

  • 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
  • HD Hyundai chairman to outline vision for global shipbuilding at APEC forum
    HD Hyundai chairman to outline vision for global shipbuilding at APEC forum SEOUL, October 21 (AJP) - Jeong Ki-sun, chairman of South Korean shipbuilder HD Hyundai, will present his vision for the future of global shipbuilding at the Future Tech Forum, a side event of the Asia-Pacific Economic Cooperation (APEC) Summit in Gyeongju. The company said Monday that Jeong will deliver a keynote address at the forum, which brings together industry leaders, government officials, and scholars to discuss emerging industrial and technological trends. Under the theme “Shapi October 21, 2025
  • Hyunmoo-5 deployment to begin by year-end amid rising North Korean ICBM threat
    Hyunmoo-5 deployment to begin by year-end amid rising North Korean ICBM threat SEOUL, October 17 (AJP) - South Korea will begin deploying its 8-ton "Hyunmoo-5" ballistic missile by the end of this year, as part of its effort to reinforce deterrence against North Korea's advancing nuclear threat. The Defense Ministry confirmed the plan to AJP on Friday, saying the Hyunmoo-5 — dubbed the "monster missile" for its unprecedented payload — has entered the operational fielding phase and is planned for mass production, with deployment set to b October 17, 2025
  • South Koreas HMM orders $2.3 billion fleet of LNG-powered container ships
    South Korea's HMM orders $2.3 billion fleet of LNG-powered container ships SEOUL, October 16 (AJP) - HMM, South Korea’s largest shipping company, said Thursday that it will order 12 eco-friendly container ships from domestic shipbuilders in a deal worth 3.05 trillion won ($2.3 billion), marking its first major local order in seven years. The 13,000 twenty-foot equivalent unit (TEU) vessels will be built by HD Hyundai Heavy Industries and Hanwha Ocean, two of South Korea’s leading shipbuilders. Each ship will run on liquefied natural gas (LNG), a lower-carb October 16, 2025
  • Asian stocks rise broadly; KOSPI scales new heights, SK shares mixed
    Asian stocks rise broadly; KOSPI scales new heights, SK shares mixed SEOUL, October 16 (AJP) - Asian stocks traded broadly higher on Thursday, buoyed by renewed bets on another U.S. rate cut, with South Korean shares testing fresh record highs amid optimism over an imminent U.S.–Korea trade deal and a stronger-than-expected chip boom. The benchmark KOSPI climbed 1.7 percent to 3,718.93 as of midday, crossing the 3,700 mark for the first time ever. Investor sentiment improved on expectations that trade negotiations between Seoul and Washington are nearing October 16, 2025
  • MASGA adrift in US-China crossfire, Hanwha left to wait out the storm
    MASGA adrift in US-China crossfire, Hanwha left to wait out the storm SEOUL, October 15 (AJP) - The “Make America Shipbuilding Great Again (MASGA)” slogan—emblazoned on caps during a high-profile summit between South Korean and U.S. leaders in Washington last summer and central to a bilateral trade deal tied to a $350 billion investment package—appears to be adrift amid stalled negotiations and intensifying U.S.-China trade frictions that have now reached the seas. China's Ministry of Commerce on Tuesday invoked its anti-foreign sanct October 15, 2025
  • LG Energy Solution to resume US trips one month after detention of S. Korean workers
    LG Energy Solution to resume US trips one month after detention of S. Korean workers SEOUL, October 03 (AJP) - LG Energy Solution is sending staff back to the United States, ending a one-month freeze on business travel triggered by the mass detention of South Korean workers at its joint battery plant in Georgia. The move signals a step toward normalizing operations for South Korea’s battery industry, which had been rattled by the unprecedented crackdown. The company announced on October 2 that it would restart trips gradually after the Chuseok holiday, South Korea's a October 3, 2025
  • KOSPI soars past 3,500 milestone for first time on semiconductor rally
    KOSPI soars past 3,500 milestone for first time on semiconductor rally SEOUL, October 02 (AJP) - The main South Korean stock index, the KOSPI, surged to a historic close on Thursday, breaching the 3,500 level for the first time on record. Driven by a frenzied rally in technology and semiconductor shares, the benchmark index climbed 93.38 points, or 2.7 percent, to settle at 3,549.21, capping a day that saw the index peak at an intraday high of 3,565.96. The powerful upward trajectory was anchored by the nation's two memory chip giants. Samsung Electronics ros October 2, 2025
  • South Korea logs record C/A surplus for Aug, extends 28-mo gain
    South Korea logs record C/A surplus for Aug, extends 28-mo gain SEOUL, October 02 (AJP) -South Korea posted a current account surplus of $9.15 billion in August, extending its black streak to 28 consecutive months, as a sharp fall in energy imports offset weaker exports to key markets including the United States and China. According to preliminary data from the Bank of Korea on Thursday, the August surplus was down from $10.78 billion in July but marked the largest for the month on record. The cumulative surplus for January–August reached $69.3 billi October 2, 2025
  • Samsung Heavy signs partnership with Indian shipyard
    Samsung Heavy signs partnership with Indian shipyard Namgoong Geum-seong of Samsung Heavy Industries, right, and Vipin Kumar Saxena of India's Swan Shipyard pose after signing an MOU on Sept. 29. Courtesy of Samsung Heavy Industries SEOUL, September 29 (AJP) - South Korea's Samsung Heavy Industries said Monday it had signed a memorandum of understanding with Swan Defence and Heavy Industries, an Indian shipyard, in a move to expand its global footprint in shipbuilding and marine projects. The agreement positions Samsung Heavy to colla September 29, 2025