Industry

  • HD Hyundai Heavy wins order for two mega container ships
    HD Hyundai Heavy wins order for two mega container ships SEOUL, November 10 (AJP) - HD Hyundai Heavy Industries has secured an order worth 435.3 billion won for two large container vessels, strengthening its presence in the global market. The company said on Monday that it has recently signed a contract with Thailand's Regional Container Lines to build the vessels at its shipyard in Ulsan, with deliveries scheduled in phases through October 2028. The mega container ships, with a cargo capacity of 13,800 TEU (twenty-foot equivalent November 10, 2025
  • Koreas record Q3 exports expose over-reliance on chip exports
    Korea's record Q3 exports expose over-reliance on chip exports SEOUL, November 10 (AJP) -South Korea’s exports hit an all-time high in the third quarter, while trade reliance on the country’s top 10 exporters also reached a record level, underscoring the economy’s growing exposure to the volatile semiconductor sector as chips accounted for one quarter of outbound shipments, government data showed Monday. According to the Ministry of Data and Statistics, exports totaled $185 billion in the July–September per November 10, 2025
  • KOSPI bounces back above 4,000 to lead Asian markets early Monday
    KOSPI bounces back above 4,000 to lead Asian markets early Monday SEOUL, November 10 (AJP) - South Korea’s stock market rebounded sharply on Monday as foreign investors returned on signs of a breakthrough in the U.S. government shutdown. KOSPI jumped 2.8 percent, reclaiming the 4,000 mark, while the tech-heavy KOSDAQ edged up a mere 0.5 percent to hover below 900. The early rally was driven by strong buying from foreign and institutional investors. Foreigners — who dumped more than 7 trillion won ($4.8 billion) worth of Korean share November 10, 2025
  • Korean won recovers from 7-mo lows amid KOSPI rebound
    Korean won recovers from 7-mo lows amid KOSPI rebound SEOUL, November 10 (AJP) - The U.S. dollar has retreated below 1,460 won as the Korean currency benefited from the global softening in the greenback and renewed foreign stock buying. The dollar fell 6.70 won to 1,453.30 in Seoul Monday morning after shooting up to 1,461.5 last Friday - the highest since 1,472 on April 9 amid presidential impeachment and U.S. President Donald Trump's tariff barrage. Foreign investors sold 7.26 trillion won ($5.4 billion) in Kore November 10, 2025
  • South Koreas SK On hosts music festival for disabled in Hungary
    South Korea's SK On hosts music festival for disabled in Hungary SEOUL, November 09 (AJP) - South Korean battery maker SK On said Sunday it hosted a music festival for people with developmental disabilities at the Aranytiz Cultural Center in Budapest, Hungary, on Nov. 8. This event was co-organized by the Hungarian Association for Music for the Disabled and the Korean Cultural Center in Hungary. The association helped design the program, while the cultural center worked to engage local audiences through its networks and events. Three ensem November 9, 2025
  • Proposal for dawn delivery ban stokes controversy in South Korea
    Proposal for 'dawn delivery' ban stokes controversy in South Korea SEOUL, November 09 (AJP) - A heated controversy has erupted in South Korea over a proposal by some unionized delivery workers to ban "dawn delivery" services conducted between midnight and 5 a.m. The dawn delivery market has boomed, growing from 400 billion won in 2015 to 11.8 trillion won ($8.9 billion) last year, predominantly serving fresh foods and perishable goods. This rapid growth is driven not only by small business owners who rely on the service to receive in November 9, 2025
  • Global game developers will converge on Busan this week for G-Star festival
    Global game developers will converge on Busan this week for G-Star festival SEOUL, November 09 (AJP) - South Korea’s largest gaming convention, G-Star 2025, is set to open on Nov. 13 at the BEXCO convention center in Busan, promising its most expansive lineup yet. This year’s event will host 1,273 companies from 44 countries, filling 3,269 booths under the theme “Expand Your Horizons.” Organizers say the annual showcase has evolved into a global cultural festival that reflects the expanding scope of the gaming industry — from November 9, 2025
  • Foreign visitors surge 17.6 percent as S. Korea approaches post-COVID record in arrivals
    Foreign visitors surge 17.6 percent as S. Korea approaches post-COVID record in arrivals SEOUL, November 09 (AJP) - Nearly 6.5 million foreign visitors arrived in South Korea between January and September with the country on track to match last year’s post-pandemic record of 7.54 million, according to data from the Ministry of Justice's immigration office, Sunday. The figure represents a 17.6 percent increase from the same period a year earlier, when 5.52 million tourists entered the country. Monthly arrivals have consistently topped 500,000 this year, November 9, 2025
  • KOSPI sinks below 4,000 as U.S. tech selloff deepens; KRW nears 1,460 per USD
    KOSPI sinks below 4,000 as U.S. tech selloff deepens; KRW nears 1,460 per USD SEOUL, November 07 (AJP) - Asian stocks tumbled on Friday as a sharp overnight correction in U.S. technology shares reignited concerns about a potential “AI bubble,” sending investors toward safe-haven assets and pushing the Korean won to its weakest level in months. The won briefly touched 1,458.0 per U.S. dollar during intraday trading, pressured by simultaneous foreign selling, lingering uncertainties surrounding U.S. tariff negotiations, and a broad pullback from r November 7, 2025
  • HOT STOCK: Innotech rockets to the ceiling on KOSDAQ debut on chip-related hype
    HOT STOCK: Innotech rockets to the ceiling on KOSDAQ debut on chip-related hype SEOUL, November 07 (AJP) - Innotech, a South Korean maker of environmental test equipment, quadrupled on its KOSDAQ debut Friday, underscoring the frenzied appetite for anything tied to chipmaking. The shares opened at 50,300 won — 242 percent above the initial public offering (IPO) price of 14,700 won — and immediately hit the daily permissible ceiling of 58,800 won ($40). The stock stayed locked at the upper limit throughout the session despite a sweeping rout that dra November 7, 2025