Industry

  • The next big chip from Korea – flash successor to HBM: KAIST expert
    The next big chip from Korea – flash successor to HBM: KAIST expert SEOUL, February 10 (AJP) - High-bandwidth memory (HBM) has powered the current AI boom, but soaring costs and capacity limits are shifting attention to what comes next. The next big chip to come from Korea's memory powerhouse will be flash-based successor designed for the inference-heavy phase of AI, according to a chip expert. “Now is the time to move beyond HBM. The era of high-bandwidth flash is coming — and it will unfold within the next decade,” Kim Jung February 10, 2026
  • Hyundai Motor CEO unveils massive Korea, US investment plans
    Hyundai Motor CEO unveils massive Korea, US investment plans SEOUL, February 10 (AJP) - Hyundai Motor plans record investments in South Korea and major spending in North America while seeking renewed growth in emerging markets including India and China, CEO Jose Munoz said in a message to employees. In an internal email sent Monday, Munoz said Hyundai Motor would invest 125.2 trillion won in South Korea over the next five years, marking the company’s largest-ever domestic commitment. The automaker also plans to invest about 35 trill February 10, 2026
  • Robot patrols will begin at Changdeok Palace in Seoul
    Robot patrols will begin at Changdeok Palace in Seoul SEOUL, February 10 (AJP) - South Korea’s Korea Heritage Service will begin a month-long pilot program deploying an autonomous patrol robot at the historic Changdeok Palace in Seoul. The robot, named “Sunrabot,” will begin operations on Feb. 10, conducting nighttime patrols and supporting round-the-clock safety management, the agency said. The name references the sunragun, patrol guards of the Joseon Dynasty who monitored security in and around the royal capital February 10, 2026
  • Hanwha Aerospace, KAI to jointly develop long-range air-to-air missile
    Hanwha Aerospace, KAI to jointly develop long-range air-to-air missile SEOUL, February 10 (AJP) - South Korean defense firms Hanwha Aerospace and Korea Aerospace Industries (KAI) said on Monday they will jointly develop a long-range air-to-air missile and cooperate on overseas marketing to expand exports of South Korean aircraft and air-launched weapons systems. Under a memorandum of understanding they signed a day earlier at the World Defense Show in Riyadh, Saudi Arabia, they will cooperate on integrating air-launched weapons into South Korea&rsq February 10, 2026
  • Korean firms post strong sales growth in North America despite US tariffs
    Korean firms post strong sales growth in North America despite US tariffs SEOUL, February 10 (AJP) - Major South Korean companies recorded double-digit growth in North American sales last year despite higher U.S. tariffs, with technology and power equipment firms leading gains, according to corporate data released on Monday. North American revenue at 67 South Korean companies that separately disclose sales results in the region, along with 194 subsidiaries, reached 343.8 trillion won as of the third quarter of last year, up 14.1 percent from 301.2 t February 10, 2026
  • LG Display accelerates shift to OLED with sale of LCD business in Nanjing, China
    LG Display accelerates shift to OLED with sale of LCD business in Nanjing, China SEOUL, February 10 (AJP) - LG Display said on Monday it will sell its automotive liquid crystal display (LCD) module business in Nanjing, China, as the company accelerates its transition toward higher-margin organic light-emitting diode (OLED) segment. In a regulatory filing, the company said it signed a contract to sell the business to the Nanjing unit of Toprun Total Solution for 491.5 million yuan ($68 million), with the transaction scheduled to close on July 30. LG Displa February 10, 2026
  • Hyosung Heavy wins $538 million power equipment deal in US
    Hyosung Heavy wins $538 million power equipment deal in US SEOUL, February 10 (AJP) - South Korea's Hyosung Heavy Industries said on Monday it had secured its largest order to date in the United States. The company signed a contract worth about 787 billion won ($538 million) with a major U.S. transmission grid operator to supply 765-kilovolt ultra-high-voltage transformers, reactors and related equipment. It described the deal as the largest single U.S. project ever won by a South Korean power-equipment manufacturer. Hyosung Heav February 10, 2026
  • SK and Nvidia chiefs hold AI talks over chicken and beer in Santa Clara
    SK and Nvidia chiefs hold AI talks over chicken and beer in Santa Clara SEOUL, February 10 (AJP) - Chey Tae-won, chairman of SK Group missing from the famous chicken-beer meeting in Seoul among key Korean tycoons during Nvidia CEO Jensen Huang's visit to South Korea last October, had a separate chimaek moment with Huang in Silicon Valley as SK hynix vies with Samsung Electronics for next-generation memory packages to Nvidia's AI accelerators. According to industry officials on Monday, Chey met Huang on Feb. 5 (local time) at a Korean-style frie February 10, 2026
  • South Korea inks fighter jet maintenance deal with Philippines
    South Korea inks fighter jet maintenance deal with Philippines SEOUL, February 9 (AJP) - South Korea has signed a deal with the Philippines to provide support and maintenance services for fighter jets, Korea Aerospace Industries (KAI) said on Monday. Under the performance-based logistics (PBL) deal, worth about 101.4 billion Korean won (about US$70 million), which runs through 2028, KAI will provide maintenance and logistics support for its FA-50 fighter jets supplied to the Philippines. The three-year deal comes as an initial one-year pil February 9, 2026
  • Korea targets $109B Middle East arms market amid aggressive budgeting
    Korea targets $109B Middle East arms market amid aggressive budgeting SEOUL, February 09 (AJP) - With hundreds of billions of dollars pouring into Middle Eastern rearmament, South Korea’s defense industry is moving aggressively to claim its share—using a major arms fair in Riyadh as the gateway to a $109 billion market. The coordinated push is centered on the World Defense Show (WDS), running from Feb. 8 to 12 in the Saudi capital. The event is the region’s largest integrated defense exhibition and a key platform for securing long-te February 9, 2026