-
KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing
SEOUL, November 11 (AJP) - Korean and Japanese equities extended their coupled strength on Tuesday, lifted by easing concerns over the U.S. government shutdown and renewed confidence that recent warnings over an AI bubble may have been overstated. South Korea’s benchmark KOSPI climbed as much as 2.6 percent to 4,179.51 in early trading, while the tech-heavy KOSDAQ rose 1 percent to 897.31. Large-cap shares led the advance: Samsung Electronics gained 3.8 percent to 104,400 won
November 11, 2025
-
Hyundai Motor to supply electric buses to Indonesia's Bali
SEOUL, November 11 (AJP) - Hyundai Motor said on Tuesday that it had been selected as the final contractor to supply electric buses to Bali, Indonesia. The South Korean automaker won the contract through an international bidding process organized by the Global Green Growth Institute, or GGGI, an environmental organization backed by the South Korean government. The project is part of Indonesia’s broader push to promote sustainable mobility and reduce carbon emissions in tou
November 11, 2025
-
CJ CheilJedang's 3Q dips nearly 27% on cost spike related to raw materials and FX
SEOUL, November 11 (AJP) - South Korea's food giant CJ CheilJedang on Tuesday reported double-digit fall in its third-quarter earnings as the global popularity of K-food was outweighed by money-losing bio and feed operations. According to its disclosure, its operating profit plunged 25.6 percent on year to 203 billion won on revenue of 4.5 trillion won ($3.08 billion) for the quarter ended September. Including CJ Logistics, consolidated revenue inched up 0.3 percent on year
November 11, 2025
-
Celltrion completes regulatory approvals for acquisition of Eli Lilly plant in US
SEOUL, November 11 (AJP) - South Korean biopharmaceutical company Celltrion said on Tuesday that it had finalized the acquisition of Eli Lilly’s production facility in Branchburg, New Jersey. The deal, which recently cleared all regulatory hurdles in the United States and Ireland, positions Celltrion to expand its presence in the world’s largest pharmaceutical market. The company said it expects to close the transaction by the end of the year. Regulatory approval
November 11, 2025
-
Korea's National Dance Company "Double Bill" blends the worlds of discipline and freedom
SEOUL, November 10 (AJP) - What looks like total chaos — fourteen dancers leaping, crawling, and tossing one another in midair amid tightly arranged metal tables — is, in fact, a work of meticulous control. A single misstep could mean a ruined sequence or even a serious injury. Discipline is the axis of American choreographer William Forsythe’s “One Flat Thing, Reproduced.” The tables impose strict rules: confined space, exact timing, predetermined pa
November 10, 2025
-
Rose's nod by Grammys fails to persuade investors of her Korean label YG
SEOUL, November 10 (AJP) - BLACKPINK member Rose is leading a wave of female K-pop artists heading into the 2026 Grammy Awards — an unprecedented moment for Korean pop music — but the historic nominations has so far failed to lift investor sentiment toward her label. Shares of YG Entertainment tumbled more than 7 percent to 66,650 won ($46) on Monday, the first trading day after the Recording Academy shortlisted Rose’s “APT.” featuring Bruno Mars for Re
November 10, 2025
-
Asian stocks rise across the board; KOSPI rebounds sharply
SEOUL, November 10 (AJP) - Asian stocks rose across the board on Monday, relieved by the developments in the United States as Washington appeared to move closer to ending the longest-ever federal government shutdown. South Korea’s benchmark KOSPI led regional gains, climbing 3.02 percent to 4,073.24 as the market warmed up the government’s plan to lower the separate tax rate on dividend income from 35 percent to 25 percent. Institutional investors drove the rebound,
November 10, 2025
-
Korean tofu major ventures into Europe, riding on U.S. success and K-food wave
SEOUL, November 10 (AJP) - After a decade of pushing its tofu onto American dinner tables, South Korea's leading tofu maker Pulmuone is preparing a full-scale entry into Europe, buoyed by the global rise of K-food and growing demand for plant-based diets across the region. The company said Monday it will establish a European subsidiary in Amsterdam as early as the end of this year and begin sales in France, Germany and Spain, marking its first major expansion into the bloc. &
November 10, 2025
-
Underperformance of KRW exposes fragility of economy overly exposed to USD and chips
SEOUL, November 10 (AJP) - South Koreans involved in trade settlements or overseas spending may need to brace for the U.S. dollar staying above 1,400 won for an extended period, as structural vulnerabilities in the Korean economy and a strong preference for dollar-denominated assets continue to undermine the local currency. The dollar eased to 1,451.50 won on Monday after briefly topping 1,460 late last week — its highest since last April when the country grappled with the
November 10, 2025
-
China suspends sanctions on Hanwha Ocean's US subsidiaries
SEOUL, November 10 (AJP) - China has suspended sanctions on South Korean shipbuilder Hanwha Ocean for one year, Beijing's Ministry of Commerce said on Monday. The ministry said it decided to halt retaliatory measures against the shipbuilder's five U.S. subsidiaries, after the U.S. suspended its so-called Section 301 measures, which include punitive tariffs on Chinese maritime logistics and other goods. Earlier last month, China imposed sanctions on them to prohibit them f
November 10, 2025
