South Korea's 2025 growth slows to 1% as GDP contracts in 4Q SEOUL, January 22 (AJP) - South Korea’s economy expanded 1 percent last year, slowing sharply from the previous year as weak domestic demand, particularly in construction and investment, weighed on growth, according to central bank data released on Wednesday. The pace was about half of the 2 percent growth recorded a year earlier and fell well below the country’s estimated potential growth rate of 1.8 percent. Preliminary data from the Bank of Korea showed rea January 22, 2026

Samsung Biologics becomes first Korean drugmaker to join 2 trillion won income club SEOUL, January 21 (AJP) - Samsung Biologics on Wednesday posted record annual operating profit for 2025, becoming the first pharmaceutical and biotechnology company in South Korea to surpass the 2 trillion won threshold. The contract drug manufacturing giant posted an operating profit of 2.07 trillion won ($1.4 billion) for 2025, soaring 56.6 percent from a year earlier, according to a regulatory filing released Wednesday. Revenue climbed 30.3 percent to 4.55 trillion won, while net January 21, 2026

Samsung's foldable lead holds as Apple's entry nears SEOUL, January 21 (AJP) - Selfies taken by South Korean President Lee Jae Myung have served diplomatic and branding purposes alongside their social media role. During a state visit to Beijing, selfies were taken on a Xiaomi smartphone gifted by Chinese President Xi Jinping. More recently, photos during Italian Prime Minister Giorgia Meloni’s visit to Seoul were taken on a Samsung Electronics device. President Lee gifted Meloni a pink Galaxy Z Flip 7, matching the prime minis January 21, 2026

Polls show strong support in South Korea for new nuclear plants SEOUL, January 21 (AJP) - A majority of South Koreans support building new nuclear power plants as electricity demand surges with the expansion of artificial intelligence, two public opinion polls showed, adding pressure on the government to reconsider its energy policy stance. The Ministry of Climate, Energy and Environment said on Wednesday it had conducted nationwide surveys last week on a new-reactor plan. The ministry commissioned Korea Gallup and Realmeter to su January 21, 2026

Korean transformer exports, stocks hit record highs on global AI power demand SEOUL, January 21 (AJP) - South Korea's gains from the accelerating global shift toward artificial intelligence are extending beyond semiconductors. Exports of ultra-high-voltage transformers surged to a record high last year, driven by aggressive investment in power infrastructure for data center expansion worldwide. Exports of transformers rated at 10,000 kilovolt-ampere (kVA) or higher reached $1.3 billion last year, according to the Korea International Trade Association. It January 21, 2026

Nomura flags heavy US investment burden for Samsung Electronics, SK hynix SEOUL, January 21 (AJP) - Samsung Electronics and SK hynix may need to invest between 100 trillion won and 120 trillion won ($74–89 billion) in the United States from 2027 to 2030 to secure tariff exemptions, according to a new analysis by Nomura Securities. That would translate into annual investment of about 25 trillion won to 30 trillion won, or roughly a quarter of the two companies’ combined annual memory chip capital expenditure, estimated at 120 trillion won January 21, 2026

Incheon signs MOU with U.S. Kessler Collection for I-CON City project in Cheongna SEOUL, January 21 (AJP) - Incheon City on Wednesday signed a memorandum of understanding with U.S. hospitality company The Kessler Collection and Korea Land and Housing Corporation (LH) to jointly pursue a $1.4 billion culture and tourism complex in Cheongna International City. The agreement was signed at Incheon City Hall by Incheon Mayor Yoo Jeong-bok, Richard C. Kessler, chairman and founder of The Kessler Collection, and Kang Oh-soon, head of LH’s Regional Balanced Develop January 21, 2026

Jeju Air bans in-flight use of portable battery packs SEOUL, January 21 (AJP) - South Korean low-cost carrier Jeju Air said on Wednesday it will ban the use of portable battery packs on board its aircraft starting Jan. 22, citing the risk of lithium-ion battery fires. The measure applies to all passengers on domestic and international flights and prohibits using portable battery packs to charge devices such as mobile phones and tablet computers during flights. Under existing transport ministry guidelines, charging portable batte January 21, 2026

Com2uS baseball games top 1 trillion won in cumulative revenue SEOUL, January 21 (AJP) - South Korean game developer Com2uS said on Wednesday that cumulative revenue from its baseball game titles has exceeded 1 trillion won ($750 million). The company attributed the milestone to the expansion of its lineup of officially licensed baseball titles tied to major leagues including the Korea Baseball Organization (KBO) and Major League Baseball (MLB), beginning with the 2015 launch of Com2uS Pro Baseball 3D. Com2uS cited steady growth in user January 21, 2026

Hanwha Ocean wins $550 million orders for 2 LNG carriers SEOUL, January 21 (AJP) - Hanwha Ocean has secured new liquefied natural gas (LNG) carrier orders, adding to a solid start to the year as the South Korean shipbuilder focuses on high-value vessels. In a regulatory filing on Wednesday, the company said it signed shipbuilding contracts for two LNG carriers with a total value of 738.3 billion won ($550 million). The vessels will be delivered sequentially, though no timetable was disclosed. Including the latest contracts, Hanwha Oc January 21, 2026