South Korea's Taihan wins power grid contract in California SEOUL, January 07 (AJP) - South Korea’s electricity equipment maker Taihan said on Wednesday that its U.S. subsidiary, T.E.USA, has secured a contract worth about 100 billion won ($77 million) to supply equipment for a 230-kilovolt extra-high-voltage power transmission project in the United States. The project involves construction of a new 230-kV transmission line in the Riverside area of Southern California and is aimed at meeting rising electricity demand while ensuring January 7, 2026

South Korea seeks major economic leap through innovation-led growth SEOUL, January 07 (AJP) - South Korea will accelerate a shift toward an “ultra-innovation economy” to lift its potential growth rate, Deputy Prime Minister and Finance Minister Koo Yun-cheol said on Tuesday, describing this year as the starting point for a major economic leap. Speaking at a policy coordination meeting at the National Assembly, Koo said the ministry will deploy active macroeconomic policies, including measures to boost overall demand and to help reviv January 7, 2026

Korean shipbuilders ride eco-friendly, LNG vessels to stronger earnings outlook SEOUL, January 07 (AJP) - South Korea’s three major shipbuilders are expected to post profits for a second consecutive year, with momentum likely to carry into 2026 as demand for high-value, eco-friendly vessels remains strong, analysts said. Expectations have also risen that orders for liquefied natural gas (LNG) carriers and special-purpose ships could flow to Korean yards as the South Korea-U.S. shipbuilding cooperation initiative known as MASGA moves into full operatio January 7, 2026

Samsung taps K-pop star RIIZE to showcase "everyday AI" at CES 2026 SEOUL, January 06 (AJP) - Samsung Electronics is highlighting how artificial intelligence is being integrated into everyday life at CES 2026 through a collaboration with six-member K-pop group RIIZE. RIIZE attended a series of events held by Samsung during the show, including its flagship “The First Look” program, as global brand ambassadors, experiencing new products and services and sharing the experience with global audiences. The group has previously worked with January 6, 2026

Safe-haven demand keeps gold in focus as market volatility grows SEOUL, January 06 (AJP) - Investor interest in gold has carried into the new year after international prices nearly doubled last year, with securities firms expecting the uptrend to extend through 2026 as geopolitical risks and demand for safe-haven assets support prices. According to the Korea Exchange on Tuesday, gold prices, after retreating late last year, have risen for three consecutive sessions since the start of the year. International prices also moved toward record January 6, 2026

AI chip demand to lift Korea's exports in 2026, but autos face headwinds SEOUL, January 06 (AJP) - Semiconductors, which powered South Korea’s exports last year amid expanding artificial intelligence demand, are expected to remain the main growth driver in 2026 as the chip upcycle continues, while auto exports could lose momentum, according to the Ministry of Trade, Industry and Energy on Tuesday. South Korea’s annual exports totaled $709.7 billion last year, surpassing $700 billion for the first time. The milestone came seven years after January 6, 2026

How a Samsung project helped save Korea's provisional government in Shanghai SEOUL, January 06 (AJP) - When South Korean President Lee Jae Myung steps into a modest brick building in Shanghai on Wednesday during his state visit to China, he will be entering a carefully restored fragment of Korean history — one preserved not by a government initiative, but by an idea that began decades ago inside a corporate office at Samsung C&T. Restoration of the site — once home to Korea’s provisional government during Japan’s colonial ru January 6, 2026

HD Korea Shipbuilding lands $1 billion ultra-large LNG carrier deal SEOUL, January 06 (AJP) - HD Korea Shipbuilding & Offshore said on Tuesday it has secured its first order of the year, signing a contract to build four ultra-large liquefied natural gas (LNG) carriers worth a combined 1.5 trillion won ($1.03 billion). Each vessel will have a cargo capacity of 200,000 cubic meters and measure 294.8 meters in length, 48.9 meters in width and 26.7 meters in height. The ships will be built at HD Hyundai Heavy Industries’ shipyard in Ulsan January 6, 2026

[CES2026] SK hynix to spotlight next-generation AI memory at CES 2026 SEOUL, January 06 (AJP) - SK hynix will showcase its next generation artificial-intelligence memory solutions at CES 2026 in Las Vegas, highlighting new high-bandwidth memory and low-power products as demand for AI infrastructure accelerates. The chipmaker will operate a customer-focused exhibition booth at the Venetian Expo from Jan. 6 to 9, shifting its emphasis from large-scale brand promotion to direct engagement with key clients, the company said. At the center of the disp January 6, 2026

[CES 2026] South Korea's Hyundai Wia unveils industrial robots, mobility parts LAS VEGAS, January 06 (AJP) - South Korea's Hyundai Wia has unveiled its manufacturing and logistics robot brand, H-Motion, at CES 2026, which opened here on Tuesday. H-Motion is Hyundai Wia’s first robotics brand and platform, covering autonomous mobile robots (AMRs), parking robots and collaborative robots designed for industrial use. The company said its AMRs and parking robots have already been supplied to Hyundai Motor manufacturing sites, including Hyundai Motor January 6, 2026