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  'ARC Raiders,' 'MapleStory' drive Nexon to record quarter SEOUL, May 14 (AJP) - Nexon reported record quarterly earnings, with revenue, operating profit and net income all reaching all-time highs as the Tokyo-listed Korean-Japanese game publisher rode breakout demand for its 'ARC Raiders' extraction shooter and the enduring 'MapleStory' franchise. According to the firm on Thursday, first-quarter revenue rose 34 percent year-on-year to 152.2 billion yen ($963 million), while operating profit climbed 40 percent to 58.2 billio May 14, 2026
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  AJP Eye: Samsung's AI ambitions face 'Opex trap' as labor dispute threatens crucial Capex SEOUL, May 14 (AJP) - Samsung Electronics, riding on the AI boom to join the exclusive $1 trillion valuation club, is caught in a squeeze that no chip roadmap can solve: a labor dispute forcing it to choose between rewarding its workers today and funding the factories that will determine its place in the AI memory hierarchy tomorrow. The Opex (operational expenditure)-versus-Capex (capital expenditure) tension is now acute. Following a 17-hour marathon mediation session that co May 14, 2026
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  Samsung Elec adjusting output ahead of threatened strike SEOUL, May 14 (AJP) - Samsung Electronics has started scaling back wafer output at its chip facilities in a preemptive move to protect quality integrity, as the company braces for a union walkout that could begin as early as Thursday, a source close to the matter told AJP. The production cutback marks the first tangible operational impact of the labor dispute on Samsung's critical chip manufacturing operations. Talks have reached an impasse. The representative union has rej May 14, 2026
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  India bans sugar exports, adding more import cost pressure for Korea SEOUL, May 14 (AJP) - India banned sugar exports on Wednesday with immediate effect through September 30, sending global prices sharply higher and raising cost pressure on Korean refiners and the country's processed food, beverage and bakery makers on top of energy-related inflationary risks. The Indian government issued the notification Wednesday, according to Reuters. New York raw sugar futures rose more than 2 percent and London white sugar futures jumped 3 percent on the a May 14, 2026
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  S. Korea, US defense officials discuss alliance goals without OPCON details SEOUL, May 14 (AJP) - South Korea and the U.S. held senior-level defense talks in Washington this week to discuss the future direction of their alliance, as the two sides appear to remain divided over key issues, including the transfer of wartime operational control. South Korea’s defense ministry said Thursday that the Korea-U.S. Integrated Defense Dialogue, or KIDD, was held in Washington from Tuesday to Wednesday, led by Kim Hong-cheol, Seoul’s deputy minister for def May 14, 2026
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  SK AX signs with OpenAI to bring ChatGPT Enterprise to Korea SEOUL, May 14 (AJP) - SK AX, the IT services arm of South Korea's SK Group, has signed a service partner agreement with OpenAI to deploy and operate ChatGPT Enterprise across Korean corporate clients, the company said on Wednesday. Under the deal, SK AX will tailor OpenAI's flagship enterprise product to each customer's workflows and security requirements, building generative artificial intelligence into back-office systems rather than bolting it on, the company said Thu May 14, 2026
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  HD Hyundai posts record quarterly profit on broad profitability gains SEOUL, May 13 (AJP) - HD Hyundai posted its highest-ever quarterly operating profit, supported by broad growth across its shipbuilding, power equipment and energy businesses. The results have raised expectations that the group is on track to achieve its goal of reaching 100 trillion won ($67.2 billion) in annual sales by 2030, as its selective order strategy focused on eco-friendly vessels and growing demand for power infrastructure in North America begin to translate into stronger May 13, 2026
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  HMM Q1 profit slumps 56% on Mideast war, tariffs SEOUL, May 13 (AJP) - South Korea's largest container carrier HMM reported first-quarter operating profit tumbled 56 percent from a year earlier, hit by sliding freight rates on its core transpacific lanes, surging bunker fuel costs tied to the war in the Middle East and the lingering drag of U.S. tariffs. According to regulatory filings released Wednesday, operating profit fell to 269.1 billion won ($180.6 million) in the three months to March, from 613.9 billion won a year ear May 13, 2026
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  Nongshim's Shin Ramyun marks 40 years with 20 trillion won in cumulative sales SEOUL, May 13 (AJP) - Instant noodle maker Nongshim has achieved a milestone of more than 20 trillion won (about US$13.8 billion) in cumulative sales of its flagship Shin Ramyun since it first went on sale about 40 years ago, the company said on Wednesday. First hitting store shelves in October 1986, Shin Ramyun became the top-selling instant noodle brand in South Korea in 1991 and has held the top spot ever since, with cumulative sales volume reaching about 42.5 billion packs. & May 13, 2026
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  South Korea launches expert council to chart AI-driven future SEOUL, May 13 (AJP) - South Korea convened the inaugural meeting of a new expert advisory body tasked with shaping the government's policy response to artificial intelligence and the sweeping societal shifts it is expected to bring. The Ministry of Science and ICT said Wednesday its special council for technology and artificial intelligence met for the first time at the Presidential Advisory Council on Science & Technology in Gwanghwamun, Seoul, drawing 17 specialists from f May 13, 2026