Korea Zinc to form joint venture with US firm to produce rare earths SEOUL, January 13 (AJP) - Korea Zinc said Tuesday it has signed a strategic partnership with U.S.-based Alta Resource Technologies to produce rare earths. The partnership focuses on recycling and refining end-of-life permanent magnets into high-purity rare-earth oxides, materials used in electric vehicles, wind turbines and defense systems, Korea Zinc said in a press release. Under the agreement, the two companies will establish a joint venture in the United States and build January 13, 2026

Chinese copycat of Olive Young raises concerns over South Korean brands' reputation SEOUL, January 13 (AJP) - As retail giant CJ's health and beauty chain has become a popular destination for foreign tourists visiting Seoul, a copycat brand has emerged in China, raising concerns about potential damage to the reputation of South Korean beauty products. According to industry watchers on Tuesday, a beauty store called "Only Young," reminiscent of Olive Young, has opened in Changsha, the vibrant capital of China's Hunan Province, and has been January 13, 2026

South Korea joins US-led talks on critical minerals SEOUL, January 13 (AJP) - South Korea’s deputy prime minister and finance minister, Koo Yun-cheol, joined counterparts in Washington on Monday for talks aimed at strengthening cooperation on critical minerals, the ministry said Tuesday. Participants at the meeting of finance ministers agreed on the need for swift action to address risks in the supply of minerals essential to advanced manufacturing, clean energy and defense industries. U.S. officials urged countries to m January 13, 2026

SK hynix expands AI chip capacity with new $14 billion plant in Cheongju SEOUL, January 13 (AJP) - SK hynix will invest about 19 trillion won ($14 billion) to build a new advanced semiconductor packaging plant in Cheongju, North Chungcheong Province, in a move to meet surging global demand for high-bandwidth memory. The South Korean chipmaker said Tuesday that the investment will bolster its next-generation memory competitiveness, particularly in HBM, a critical component for AI data centers, while aligning with the government’s push for more b January 13, 2026

Korea Exchange to extend stock trading hours to 12 starting in June SEOUL, January 13 (AJP) - The Korea Exchange plans to introduce premarket and after-hours trading starting in June, extending daily stock trading to 12 hours to keep pace with global moves toward near–round-the-clock markets. The exchange currently operates from 9 a.m. to 3:30 p.m. Beginning in June, it aims to double that window. Exchange officials said the move is intended to broaden investor access in line with international standards, referring to long-term ambitions for January 13, 2026

South Korea to chair global renewable energy agency SEOUL, January 13 (AJP) - South Korea has been selected to chair the next General Assembly of the International Renewable Energy Agency, a role that will place Seoul at the center of global discussions on the expansion of clean energy. The Ministry of Climate, Energy and Environment and the Foreign Ministry said Tuesday that South Korea was designated as chair at IRENA’s 16th Assembly, held Jan. 11–12 in Abu Dhabi, the United Arab Emirates. The chairmanship runs for January 13, 2026

Strong memory prices, weak won fuel electronics inflation in Korea SEOUL, January 12 (AJP) - Soaring memory chip prices, compounded by a weak won, are pushing up the cost of electronics in South Korea, from laptops and smartphones to AI-driven devices such as robots and autonomous systems. All computing devices rely on memory chips, and the rapid expansion of hyperscale data centers and artificial intelligence has tightened global supply. As chipmakers prioritize high-performance memory for AI servers, device manufacturers and retailers are scram January 12, 2026

Korean Air–Asiana union nears; what does it mean for Asiana passengers? SEOUL, January 12 (AJP) - The long-awaited merger between Korean Air and Asiana Airlines is finally approaching completion. But for millions of Asiana passengers, one question matters more than regulatory approvals or aircraft numbers: What happens to my miles, status and benefits? As Asiana is absorbed into Korea's larger flag carrier, its brand, loyalty program and global alliance will all disappear. While the combined airline promises greater scale and efficiency, many freq January 12, 2026

US Navy ship arrives in Busan for repair work by HJ Shipbuilding SEOUL, January 12 (AJP) - HJ Shipbuilding & Construction said Monday that the 40,000-ton U.S. Navy logistics support ship USNS Amelia Earhart arrived at its Yeongdo shipyard in Busan, marking the start of the company’s first maintenance, repair and overhaul, or MRO, project for the U.S. Navy. The South Korean shipbuilder secured the MRO contract in December from the U.S. Navy Supply Systems Command, or NAVSUP. The vessel is assigned to the Military Sealift Command. January 12, 2026

South Korea seizes record 1,150 tons of illegally imported Chinese farm goods SEOUL, January 12 (AJP) - South Korea has uncovered a large-scale scheme to illegally import Chinese agricultural products that bypassed quarantine procedures or included items banned from entry. The Animal and Plant Quarantine Agency said Monday it had identified 12 suspects — three brokers and nine importers — accused of bringing uninspected Chinese dried jujubes, raw peanuts and dried chili peppers, as well as prohibited items such as fresh fruit and apple seedlin January 12, 2026