Incheon airport expands global reach with record number of airlines SEOUL, January 28 (AJP) - Incheon International Airport has surpassed 100 airlines in operation for the first time since opening in 2001, underscoring its growing role as a regional aviation hub, operator Incheon International Airport Corp. (IIAC) said on Wednesday. As of December, 101 airlines were operating at the airport, up from 47 at its opening, the company said. Seven new carriers were added last year, including Scandinavian Airlines. With the increase in airlines, I January 28, 2026

Hyundai Mobis posts record annual revenue, profit in 2025 SEOUL, January 28 (AJP) - Hyundai Mobis, South Korea's largest automotive parts maker, reported record annual revenue and operating profit on Wednesday, though quarterly net income declined sharply amid tariff pressures and rising costs. The company posted consolidated revenue of 61.12 trillion won ($42.67 billion) and operating profit of 3.36 trillion won for 2025, up 6.8 percent and 9.2 percent year-on-year respectively, according to a regulatory filing. For the fourth quar January 28, 2026

Asia's largest cruise ship to sail from Incheon under Lotte Tour partnership SEOUL, January 28 (AJP) - South Korea's Lotte Tour Development has partnered with global cruise operator MSC Cruises to operate a large cruise ship with South Korea as its home port. The company said on Wednesday it signed a strategic partnership agreement with MSC Cruises on Jan. 27 covering charter operations. Under the agreement, the 170,000-ton MSC Bellissima will begin sailings from Incheon Port in June 2027. Lotte Tour Development described the vessel as the largest cr January 28, 2026

EV battery materials maker Ecopro sets up European sales unit in Germany SEOUL, January 28 (AJP) - South Korean battery materials maker Ecopro has established its first Europe-based sales unit. The company said on Wednesday it has set up a European sales unit in Germany and appointed Kimbal Virdi as director. Ecopro said the new unit will function as a European business hub, tasked with identifying growth opportunities in the region’s rapidly evolving electric vehicle and battery supply chain. Ecopro said regulatory changes, including the Eu January 28, 2026

HBM4 production nears as Samsung, SK hynix vie for AI chip dominance SEOUL, January 28 (AJP) - Samsung Electronics and SK hynix are set to begin mass production of sixth-generation high-bandwidth memory (HBM4) as early as next month, intensifying competition in the fast-growing market for artificial intelligence semiconductors. According to industry sources on Wednesday, the two South Korean companies plan to start HBM4 mass production in February, with Samsung operating lines at its Pyeongtaek campus and SK hynix at its Icheon facility. The mov January 28, 2026

Korean retail investors ramp up US stock buying despite local rally SEOUL, January 27 (AJP) - South Korea’s stock market has rallied sharply this year, but retail investors are continuing to pour money into U.S. equities, a trend cited by policymakers as a key factor behind recent volatility in the won. Average daily settlement amounts for U.S. stocks by South Korean retail investors reached $261 million over 15 trading sessions from Jan. 2 to Jan. 23, according to data released on Tuesday by the Korea Securities Depository. That figu January 27, 2026

SK hynix is sole HBM supplier for Microsoft's Maia AI chip SEOUL, January 27 (AJP) - SK hynix is reportedly the sole supplier of high-bandwidth memory (HBM) for Microsoft’s in-house artificial intelligence accelerator, the Maia 200. Industry sources said on Tuesday the South Korean chipmaker will exclusively supply its fifth-generation HBM, known as HBM3E, for the Maia 200 chip that Microsoft unveiled in the U.S. on Jan. 26 local time. The move adds Microsoft to SK hynix’s roster of key customers alongside Nvidia, reinforcing January 27, 2026

South Korea's GS E&C builds solar power complex in India SEOUL, January 27 (AJP) - South Korea's GS Engineering & Construction has entered India’s renewable energy market, completing a solar power project in Maharashtra state and beginning full commercial operations. The company said on Tuesday the Patur solar power complex has an installed capacity of 12.75 megawatt-peak (MWp) and is expected to generate between 18 million and 20 million kilowatt-hours of electricity annually, enough to supply power to about 6,000 house January 27, 2026

South Korea's LS Electric sees record orders, earnings on power infrastructure boom SEOUL, January 27 (AJP) - South Korean power equipment company LS Electric said on Tuesday it posted record revenue and operating profit in 2025, driven by strong growth in its North American business and rising demand for power infrastructure. The company said consolidated revenue rose 9 percent from a year earlier to 4.96 trillion won, while operating profit increased 9.6 percent to 426.9 billion won. Fourth-quarter revenue climbed to a record 1.52 trillion won, with operatin January 27, 2026

Samsung's Lee to host gala in Washington with Lutnick invited amid renewed tariff threat SEOUL, January 27 (AJP) -Samsung Electronics Chairman Lee Jae-yong is due in Washington, D.C., this week amid renewed tariff threat from President Donald Trump, raising attention on whether tycoon can serve as an informal business-diplomatic channel. Lee’s visit comes after Seoul emerged as the latest target of Trump’s tariff offensive, with the U.S. president warning overnight on social media of sweeping tariff hikes to 25 percent on South Korean exports, citing delay January 27, 2026