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Asian markets rebound in tandem with Wall Street recovery
SEOUL, November 06 (AJP) - Asian stocks closed higher on Thursday, snapping a sharp two-day selloff as easing concerns over an AI bubble and a rebound on Wall Street lifted sentiment across the region. South Korea’s benchmark KOSPI rose 0.55 percent to 4,026.45, recovering from the “Black Wednesday” rout the previous day. Retail investors bought 885 billion won ($611 million) of shares and institutions added 832 billion won, while foreign investors sold 1.7 tril
November 6, 2025
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Over-crowded Korean coffee market squeezes small franchises to venture overseas
SEOUL, November 06 (AJP) - Koreans are the world's most avid coffee consumers, and the market has now grown so dense that smaller franchises are increasingly looking abroad to survive. According to Euromonitor, Koreans on average drank 416 cups of coffee per person last year, the highest in the Asia-Pacific region. Consumption far outstripped Singapore's 290 cups and Japan's 281 cups, and was nearly six times the regional average of 57. By the end of 20
November 6, 2025
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Korea's record Jan-Sept current account flags deepening reliance on chip exports
SEOUL, November 06 (AJP) - South Korea’s thriving semiconductor business has pushed the country’s current account surplus to its largest-ever level for September, but the details point to a growing dependence on a narrow set of export engines. Preliminary Bank of Korea data show the current account logged a $13.47 billion surplus in September, lifting the cumulative black to a record $82.77 billion for the January–September period — up 23 percent from a yea
November 6, 2025
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Ramyeon now spans hundreds of varieties, but the classic spicy still gets the last gulp
SEOUL, November 06 (AJP) - Ramyeon, Korea’s signature instant noodle, sits at the forefront of the K-food boom, even being marketed vigorously through K-Pop Demon Hunters as its varieties keep evolving with a widening global footprint. The range now spans hundreds of flavors and formats — from trendy mala and truffle to butter-soy and black-garlic blends — though the original spicy profile remains the undisputed classic. Korea’s agri-food exports surpassed
November 6, 2025
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South Korea's AI and climate goals on collision course
SEOUL, November 06 (AJP) - South Korea plans to invest $17 billion by 2030 to build an "AI expressway" and take the lead in the global AI race, a vision strengthened by NVIDIA's pledge to supply next-generation GPUs powerful enough to anchor five hyperscale AI data centers. Yet how the country intends to reconcile this ambition with its climate commitments is increasingly unclear. Under an energy rationalization strategy released this week, the Ministry of Climate
November 6, 2025
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KCC unveils glass designed to prevent bird collisions
SEOUL, November 06 (AJP) - KCC Glass said Thursday it has developed South Korea’s first bird-safe glass. The product, named SAVIRDS, employs a sandblasting technique that etches subtle patterns across the surface of the glass. The markings, spaced five centimeters apart, are visible to birds and recognized as obstacles — reducing the risk of fatal collisions that have become a growing environmental concern. SAVIRDS recently received certification from the American
November 6, 2025
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Ethiopia's gold mining boom fuels record sales of Korean excavator
SEOUL, November 06 (AJP) - HD Hyundai Infracore said on Thursday that sales of its construction equipment in Ethiopia have risen nearly fivefold this year, propelled by a surge in gold mining activity. The company’s Develon brand sold about 1,300 machines in 2025, a 470 percent increase from a year earlier. Much of that growth came from the popularity of its 36-ton excavator, the DX360, which accounted for roughly 90 percent of total sales, or more than 1,100 units. Eth
November 6, 2025
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HJ Shipbuilding wins nod from Britain's Lloyd's Register for new LPG, ammonia carrier
SEOUL, November 06 (AJP) - South Korea's HJ Shipbuilding said it has received an approval from Lloyd’s Register for the design of its new 45,000-cubic-meter liquefied petroleum gas (LPG) and ammonia carrier. The new design adds to HJ’s lineup, which already includes a 38,000-cubic-meter LPG carrier and an 88,000-cubic-meter ammonia carrier. The approval follows a four-month collaboration launched in July between HJ Shipbuilding and the British classification s
November 6, 2025
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South Korea's KGM launches eco-friendly cars in Israel, Turkey
SEOUL, November 06 (AJP) - South Korea's KGM is stepping up its global expansion drive with the rollout of new eco-friendly vehicles in Israel and Turkey, as the automaker seeks to strengthen its foothold in key overseas markets. On Nov. 5, the company introduced its Torres Hybrid (HEV) at a launch event held at the Shefayim Event Hall near Tel Aviv. The ceremony was attended by KGM’s Head of Overseas Business, Lee Byung-gil, along with about 40 Israeli journalists.
November 6, 2025
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Asian markets recover early Thursday from AI rout
SEOUL, November 06 (AJP) - Asian stocks rebounded Thursday as investors shrugged off a brief scare over stretched valuations in the AI boom. Seoul’s KOSPI gained 1.3 percent to 4,054.56 after a near 3-percent plunge the previous day, while the KOSDAQ edged up 0.25 percent to stay above 900. Retail investors led the recovery, while foreign and domestic institutions continued to take profits after weeks of heavy buying. Hyosung Heavy Industries rose 4.1 percent to 2.3 milli
November 6, 2025
