Industry

  • Koreas HD Korea Shipbuilding posts milestone Q3 profit on brisk vessel sales
    Korea's HD Korea Shipbuilding posts milestone Q3 profit on brisk vessel sales SEOUL, November 03 (AJP) - HD Korea Shipbuilding & Offshore Engineering Co. on Monday reported its best-ever quarterly performance since adopting a holding-company structure, with operating profit more than doubling from a year earlier to surpass 1 trillion won ($733 million) for the first time. Operating profit jumped to 1.05 trillion won in the July–September period on revenue of 7.6 trillion won, up 21 percent on year. Net income surged nearly fourfold to 876.7 billion November 3, 2025
  • Asian markets recover, KOSPI and Nikkei continue to test new highs
    Asian markets recover, KOSPI and Nikkei continue to test new highs SEOUL, November 03 (AJP) - Asian stocks rebounded on Monday, with South Korea and Japan extending their record-setting rallies on expectations of stronger chip-sector earnings and upbeat corporate results. The benchmark KOSPI jumped 2.78 percent to a new closing high of 4,221.87. Retail investors drove the rally, purchasing 651.2 billion won ($456 million) worth of shares, followed by institutions with 443.2 billion won. Foreign investors sold about 795 billion won, taking profits November 3, 2025
  • Korean brands still in hangover over Jensen Huangs Seoul evening binge
    Korean brands still in hangover over Jensen Huang's Seoul evening binge SEOUL, November 03 (AJP) - There was nothing casual about the tech boys' night-out in Seoul for "chimaek" — the beloved chicken-and-beer pairing — given the multi-trillion-dollar businesses they represent and the influence they wield over the global economy. The APEC week has officially ended, but the afterglow — and hangover — from Thursday's late-night binge among Nvidia CEO Jensen Huang, Samsung Electronics Chairman Lee Jae-yong, and Hy November 3, 2025
  • HS Hyosung acquires Belgiums battery materials company for $145 million
    HS Hyosung acquires Belgium's battery materials company for $145 million SEOUL, November 03 (AJP) - South Korea's HS Hyosung Group said Monday it has entered the next-generation battery materials market with the acquisition of EMM, the battery anode subsidiary of Belgium’s Umicore, for about 200 billion won, or roughly $145 million. The deal also includes the creation of a joint venture between the two companies to advance silicon anode technology. Umicore, specialized in materials science, has long been known for its expertise in batter November 3, 2025
  • HD Hyundai joins hands with Siemens to spur digital transformation in shipbuilding
    HD Hyundai joins hands with Siemens to spur digital transformation in shipbuilding SEOUL, November 03 (AJP) - South Korea's HD Hyundai has signed a partnership with Siemens of Germany to bring digital transformation and automation technologies to the United States shipbuilding industry. The companies signed a memorandum of understanding on Monday at the Lahan Select Hotel in Gyeongju, the venue for the Asia-Pacific Economic Cooperation summit. The agreement calls for collaboration in digital ship design, process automation, and data-driven quality manageme November 3, 2025
  • Korean Economy/Business Calendar
    Korean Economy/Business Calendar SEOUL, November 03 (AJP) - Nov. 4, Tue Consumer Price Index, October 2025 (Ministry of Data and Statistics) Q3 Results (EcoPro BM) Q3 Results (Krafton) Q3 Results (GS E&C) Nov. 5, Wed Economically Active Population Survey, August 2025 (Ministry of Data and Statistics) Q3 Results (Naver) Q3 Results (EcoPro and its subsidiaries) Q3 Results (Kakao Bank) Q3 Results (Doosan Enerbility) Q3 Results (Hanwha Solutions) Nov. 6, Thu Multicultural Population Dynamic November 3, 2025
  • Foreign home purchases fall to 32-month low in S. Korea after new restrictions
    Foreign home purchases fall to 32-month low in S. Korea after new restrictions SEOUL, November 03 (AJP) - Purchases of residential properties by foreigners in the Seoul metropolitan area fell to their lowest level in nearly three years last month, following the government’s introduction of tighter restrictions on foreign real estate transactions. According to data from the court, 560 foreigners completed ownership transfers for homes in Seoul, Gyeonggi Province and Incheon in October — the fewest since February 2023, when only 427 transaction November 3, 2025
  • Celltrion wins Irish approval for purchase of Eli Lilly plant in New Jersey
    Celltrion wins Irish approval for purchase of Eli Lilly plant in New Jersey SEOUL, November 03 (AJP) - South Korean biopharmaceutical company Celltrion said Monday that it has received approval from the Irish government for its planned acquisition of Eli Lilly’s manufacturing facility in the United States, leaving only U.S. regulatory clearance before the deal can close. The Competition and Consumer Protection Commission of Ireland granted final approval for the purchase on Oct. 31, according to Celltrion. The deal requires the review under Irish November 3, 2025
  • Samsung C&T wins $1.4 billion carbon capture contract in Qatar
    Samsung C&T wins $1.4 billion carbon capture contract in Qatar SEOUL, November 03 (AJP) - Samsung C&T’s construction division has won a $1.4 billion contract to build one of the world’s largest carbon compression and transport facilities in Qatar. The contract, valued at 1.91 trillion won, was awarded by QatarEnergy LNG, the state-run liquefied natural gas producer, and covers engineering, procurement and construction for the project. The new facility will be built about 80 kilometers north of Doha, in Ras Laffan Indust November 3, 2025
  • Red-hot chip streak bolsters KOSPI as other Asian markets stay muted
    Red-hot chip streak bolsters KOSPI as other Asian markets stay muted SEOUL, November 03 (AJP) - South Korea’s benchmark KOSPI extended its record-setting rally on Monday, far outperforming other Asian markets as optimism from the APEC week—marked by Nvidia-linked momentum, eased U.S. tariffs, and expectations of China lifting its unofficial ban on Korean content—kept risk appetite high. The KOSPI rose 1.9 percent to 4,183.52 in early trading, while the KOSDAQ gained 1 percent to 909.09. SK hynix briefly touched 600,000 won ($419) November 3, 2025