Industry

  • Prosecutors raid Korea Zinc, brokerages in expanding stock issuance probe
    Prosecutors raid Korea Zinc, brokerages in expanding stock issuance probe SEOUL, November 04 (AJP) - South Korean prosecutors carried out additional raids on Korea Zinc and securities firms involved in the company’s stock issuance plan, widening an investigation into alleged violations of capital market laws. A joint investigation team of the Seoul Southern District Prosecutors’ Office, led by Chief Prosecutor Kim Jin-ho, searched Korea Zinc’s headquarters and other locations on Tuesday, seizing computers and internal records. Inv November 4, 2025
  • POST-APEC: Korea gains major traction in AI push with Nvidia backing
    POST-APEC: Korea gains major traction in AI push with Nvidia backing SEOUL, November 04 (AJP) - South Korea — once considered a latecomer in the race to artificial intelligence — has rapidly gained global momentum by leading regional governance discussions and securing tens of billions of dollars in investment tied to next-generation chips, hyperscale data centers, and physical AI infrastructure. Its hosting of the APEC Summit and CEO meetings served as a global stage, pulling in top players such as OpenAI, Nvidia, Samsung Electronics, an November 4, 2025
  • Dismantling work begins on South Koreas long-shuttered nuclear reactor
    Dismantling work begins on South Korea's long-shuttered nuclear reactor SEOUL, November 04 (AJP) - Doosan Enerbility has begun dismantling South Korea’s first commercial nuclear reactor, which was shut down in 2017. The company said on Tuesday that it signed a contract with Korea Hydro & Nuclear Power to remove non-controlled area facilities at the Kori Unit 1 plant, located near the southeastern city of Busan. The project represents the first phase of dismantling Kori Unit 1, which began operations in 1978 and was permanently shut down November 4, 2025
  • HOT STOCK: Samsung SDI shares jump on report of Tesla battery deal
    HOT STOCK: Samsung SDI shares jump on report of Tesla battery deal SEOUL, November 04 (AJP) - Shares of Samsung SDI climbed more than 4 percent in afternoon trading on Tuesday following a news report that the South Korean battery maker may supply more than 3 trillion won ($2.08 billion) worth of energy-storage system batteries to Tesla over the next three years. As of 2:20 p.m. in Seoul, Samsung SDI’s stock was up 4.1 percent at 340,500 won, extending gains after the report circulated in local media. The company, a unit of Samsung Group, de November 4, 2025
  • South Koreas Samsung Biologics hits record $4 billion in annual orders
    South Korea's Samsung Biologics hits record $4 billion in annual orders SEOUL, November 04 (AJP) - Samsung Biologics said on Tuesday that it has surpassed last year’s total orders, securing 5.5 trillion won (about $4 billion) in contracts so far this year — the highest annual performance since the company was founded. The announcement came as the South Korean biopharmaceutical manufacturer disclosed a new 275.9 billion won deal with a European drugmaker, adding to a string of large contracts signed in 2024. The company has completed eigh November 4, 2025
  • South Koreas Naver forms strategic partnership with Spotify
    South Korea's Naver forms strategic partnership with Spotify SEOUL, November 04 (AJP) - South Korea's Naver said Tuesday it has entered into a strategic partnership with Spotify to bring the global streaming platform’s vast library of music and podcasts to more users across Naver’s digital ecosystem. The collaboration aims to integrate Spotify’s catalog — which includes more than 100 million songs and 7 million podcasts — into Naver’s suite of services, allowing users to more easily enjoy audio co November 4, 2025
  • Asian markets mostly subdued amid mixed economic signs
    Asian markets mostly subdued amid mixed economic signs SEOUL, November 04 (AJP) - Asian markets were broadly muted on Tuesday as South Korea and Japan paused after nearly a week of uninterrupted gains, while Chinese equities traded flat amid conflicting economic signals. South Korea’s KOSPI slipped 0.7 percent to 4,192.20 in early trading as investors locked in profits following a sharp rally in large-cap semiconductor stocks. Foreign investors sold 701.2 billion won, while domestic institutions offloaded 207.9 billion won. Tec November 4, 2025
  • South Koreas inflation gains fastest in 15 months, markets price in rate freeze
    South Korea's inflation gains fastest in 15 months, markets price in rate freeze SEOUL, November 04 (AJP) - South Korea’s consumer inflation accelerated at the fastest pace in 15 months in October, reinforcing market expectations for another rate freeze this month as authorities attributed much of the pickup to increased spending during the extended Chuseok holiday, government data showed Tuesday. According to the October consumer price index (CPI) released by the Ministry of Data and Statistics, headline inflation rose 2.4 percent from a year earlier, t November 4, 2025
  • LG Chem, Chinas Sinopec to co-develop sodium-ion battery materials
    LG Chem, China's Sinopec to co-develop sodium-ion battery materials SEOUL, November 04 (AJP) - South Korea’s LG Chem said Tuesday it has formed a partnership with China’s largest energy and chemical company, Sinopec, to develop key materials for next-generation sodium-ion batteries, a technology seen as a promising alternative to lithium-based systems. The two companies signed an agreement on Oct. 30 to jointly research and produce cathode and anode materials for sodium-ion batteries, known as SIBs. The collaboration aims to strength November 4, 2025
  • South Koreas crypto curbs push investors to foreign exchanges
    South Korea's crypto curbs push investors to foreign exchanges SEOUL, November 04 (AJP) - The number of South Korean investors holding large sums in overseas cryptocurrency exchange accounts has more than doubled in a year, reflecting both the global market’s resurgence and growing frustration with South Korea’s restrictive trading environment. According to data from the National Tax Service, 2,320 South Koreans reported offshore crypto accounts exceeding 500 million won (about $360,000) by the end of last year — a two-f November 4, 2025