Industry

  • POSCO ramps up lithium investments as EV battery race heats up
    POSCO ramps up lithium investments as EV battery race heats up SEOUL, November 12 (AJP) - South Korea's POSCO Holdings is expanding its global footprint in lithium, the critical ingredient for electric vehicle batteries, with new investments worth 1.1 trillion won, or about $800 million, in Australia and Argentina. The move is part of the steel and battery materials company’s drive to secure key resources as global competition for battery metals intensifies. The company said Wednesday that it will acquire a 30 percent stake in November 12, 2025
  • LG Energy Solution moves into aerospace battery market with US partner
    LG Energy Solution moves into aerospace battery market with US partner SEOUL, November 12 (AJP) - LG Energy Solution, one of the world’s leading electric-vehicle battery makers, is pushing into the aerospace sector through a new partnership with an American startup specializing in next-generation energy storage. The South Korean company said Wednesday that it has entered into a strategic collaboration with South 8 Technologies, a San Diego-based firm known for developing liquefied gas electrolytes for lithium-ion batteries. The technology, wh November 12, 2025
  • K Bank readies third and possibly final KOSPI bid, betting on sustained market rally
    K Bank readies third and possibly final KOSPI bid, betting on sustained market rally SEOUL, November 11 (AJP) - K Bank may become the first company to debut on the KOSPI in 2026 as the country’s pioneering internet-only bank files its third — and likely final — preliminary prospectus, hoping the market’s bullish momentum lasts another two to three months. According to the filing, K Bank plans to offer 60 million shares out of its 405.7 million total. The Korea Exchange’s review normally takes two to three months, putting an early-2026 listing wit November 11, 2025
  • AI detectors questioned for efficacy while Korean universities wrestle with AI use
    AI detectors questioned for efficacy while Korean universities wrestle with AI use SEOUL, November 11 (AJP) - South Korean universities and companies are increasingly adopting detecting tools to identify AI cheats to prevent foul plays in admissions and evaluations, especially after the large-scale AI-employed test cheating that recently disgraced one of the country’s top elite universities — but many find the services largely lacking. Tools are used randomly and trusted blindly, while most universities have yet to reach any consensus on AI usage for November 11, 2025
  • Carbon-neutral hydrogen seaport eyed in South Koreas Pyeongtaek
    Carbon-neutral hydrogen seaport eyed in South Korea's Pyeongtaek SEOUL, November 11 (AJP) - Hyundai Motor Group has signed an agreement with the municipal government of Pyeongtaek City in Gyeonggi Province to build South Korea’s first carbon-neutral hydrogen port. Under the agreement, the city government plan to introduce hydrogen fuel cell generators, expand the use of eco-friendly port vehicles and equipment, and promote the import of green ammonia — a potential source of clean hydrogen. The project will also explore hydrogen November 11, 2025
  • Asian stocks give up morning gains; KOSPI barely holds positive terrain
    Asian stocks give up morning gains; KOSPI barely holds positive terrain SEOUL, November 11 (AJP) - Asian markets ended a volatile Tuesday mostly lower, with Korea’s main index the lone outlier that managed to stay in positive territory despite surrendering most of its early jump. Morning gains faded as lingering doubts over the U.S. Federal Reserve’s rate path outweighed relief over progress toward ending the U.S. government shutdown. South Korea’s benchmark KOSPI rose 0.81 percent to 4,106.39 after surging nearly 3 percent earlie November 11, 2025
  • South Koreas Auros Technology to provide chipmaking tools to Samsung
    South Korea's Auros Technology to provide chipmaking tools to Samsung SEOUL, November 11 (AJP) - Auros Technology, a South Korean maker of semiconductor measurement equipment, has won new contracts from Samsung Electronics to supply tools used in hybrid bonding and post-process inspection. The deal marks a notable expansion for Auros, which until recently was primarily known as a supplier to SK hynix. The company will now provide Samsung with precision tools used in both the front-end and back-end stages of chip production. According to investm November 11, 2025
  • South Koreas HD Hyundai targets naval contracts in India
    South Korea's HD Hyundai targets naval contracts in India SEOUL, November 11 (AJP) - HD Hyundai Heavy Industries said Tuesday it had signed a memorandum of understanding with Cochin Shipyard, India’s largest state-owned shipbuilder, to help the country modernize its maritime capabilities. The agreement centers on the Indian Navy’s Landing Platform Dock (LPD) project, part of New Delhi’s effort to strengthen domestic shipbuilding. Under the accord, the two companies will cooperate on design, construction and technology November 11, 2025
  • Budget carrier Jin Air reaches milestone of 100 million passengers
    Budget carrier Jin Air reaches milestone of 100 million passengers SEOUL, November 11 (AJP) - Jin Air has carried over 100 million passengers as of early November, the budget carrier said on Tuesday. The milestone comes roughly 17 years and four months after the airline launched its no-frills service with its first route between Gimpo and Jeju in July 2008. The accumulated number of passengers had reached approximately 99.94 million by the end of October, surpassing 100 million in early November, with 56.1 million traveling on domestic flights November 11, 2025
  • South Koreas largest hydrogen center begins operation
    South Korea's largest hydrogen center begins operation SEOUL, November 11 (AJP) - A joint venture between Lotte Chemical and Air Liquide has opened South Korea’s largest high-pressure hydrogen shipping center. The facility, located in the Daesan Petrochemical Complex in South Chungcheong Province and operated by Lotte-Air Liquide Ener’Hy, a joint venture established in 2022, will supply high-pressure hydrogen across South Korea’s central region, including Seoul. It is expected to play a key role in fueling hydr November 11, 2025