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HOT STOCK: Hanwha Ocean surges on LNG boom, defense tech spotlight
SEOUL, October 23 (AJP) - Shares of Hanwha Ocean are sailing full speed ahead, buoyed by a swelling orderbook for liquefied natural gas (LNG) carriers and upbeat earnings expectations. The stock traded 3.7 percent higher at 137,100 won ($95) as of 10:15 a.m. Thursday in Seoul, after soaring nearly 10 percent the previous day. Hanwha Ocean has gained more than 20 percent so far this month, reflecting investor optimism over robust third-quarter results and sustained global demand for
October 23, 2025
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LG CNS donates AI legal support system for refugees to UNHCR
SEOUL, October 23 (AJP) - LG CNS has donated an artificial intelligence–based legal support system to the United Nations High Commissioner for Refugees (UNHCR) to improve legal assistance for refugees in South Korea. The system, developed jointly by LG CNS and UNHCR, was officially handed over during a ceremony in Seoul on Oct. 17, attended by LG CNS President Hyun Shin-kyun and UN High Commissioner for Refugees Filippo Grandi. The AI system — named Agentic Works
October 23, 2025
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LG Electronics to expand automotive software business
SEOUL, October 23 (AJP) - LG Electronics said Thursday that it has joined SDVerse, a global automotive software marketplace established by General Motors, Magna, and Wipro — a move that underscores the South Korean company’s growing ambitions in vehicle software. Billed as the industry’s first open marketplace for automotive software, SDVerse brings together automakers, Tier 1 suppliers, and developers to accelerate software innovation across the mobility sec
October 23, 2025
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Bank of Korea holds rate steady at 2.5% amid FX, housing instability
SEOUL, October 23 (AJP) - The Bank of Korea kept its benchmark interest rate unchanged at 2.50 percent for October, maintaining its cautious stance amid continued volatility in foreign exchange and housing markets. The Monetary Policy Board decided to hold the overnight call rate steady for the sixth consecutive month, citing limited room for monetary easing as it monitors the impact of the pending Korea–U.S. trade deal linked to a $350 billion investment package and the gov
October 23, 2025
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Taihan Cable & Solution expands South Africa plant to target region's growing power market
SEOUL, October 23 (AJP) - South Korea's Taihan Cable & Solution is expanding its manufacturing footprint in Africa as part of a broader effort to strengthen its competitiveness in the region’s growing power infrastructure market. The cable manufacturer held a ceremony on Oct. 22 to mark the expansion of its power cable plant in South Africa, operated by its subsidiary M-TEC. The project is designed to meet surging demand for medium- and low-voltage cables, which ac
October 23, 2025
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Government push for real estate watchdog stirs debate in South Korea
SEOUL, October 23 (AJP) - The South Korean government is moving to create a new real estate oversight agency with investigative powers, a plan that has divided opinion among policymakers and industry experts. The Ministry of Land, Infrastructure and Transport said Thursday it is pushing for the establishment of the body under the Prime Minister’s Office to monitor illegal practices such as price manipulation, false listings, and fraudulent contracts. The proposed agency wo
October 23, 2025
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South Korean stocks soar while other Asian markets mostly flat
SEOUL, October 22 (AJP) - South Korean shares extended gains Wednesday, outperforming most Asian markets that moved flat to lower amid profit-taking. The benchmark KOSPI rose 1.56 percent to close at 3,883.68, while the KOSDAQ gained 0.76 percent to 879.15. Battery-related shares led the rally after a JP Morgan report showed global energy storage system (ESS) shipments in September jumped 105 percent year-on-year. LG Energy Solution climbed 3.09 percent to 450,500 won ($315.05), a
October 22, 2025
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HOT STOCK: Undervalued Hyundai Motor plays catch-up amid tariff hopes
SEOUL, October 22 (AJP) - South Korean automaker Hyundai Motor is emerging as a comeback play in Asian markets, as optimism grows over a possible U.S. tariff relief deal that could level the playing field long tilted in favor of Japanese rivals. Currently, South Korean car exports to the U.S. face a 25 percent import tariff—10 percentage points higher than the 15 percent levied on Japanese and European brands. Despite the disparity, Hyundai Motor’s shares have surged nearly 20 per
October 22, 2025
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LocknLock concludes global conference in Bangkok
SEOUL, October 22 (AJP) - South Korean household goods company LocknLock held its annual global conference in Bangkok from Oct. 19 to 21, bringing together business partners from 24 countries. The conference at the Sheraton Grande Sukhumvit Hotel featured presentations on the company's 2026 vision and product plans, LocknLock said in a statement. Partners from Thailand's CP Group, Taiwan's C&J Forest, and Middle Eastern distributor Misbah presented sales and market
October 22, 2025
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Next round in Samsung vs. Apple: Galaxy XR joins mixed-reality race
SEOUL, October 22 (AJP) - Samsung Electronics unveiled its first mixed-reality headset, the Galaxy XR, on Wednesday in South Korea and the United States, entering the spatial computing race as a more affordable alternative to Apple’s Vision Pro and a sleeker model than Meta’s Quest. Powered by Qualcomm chipset and Google’s Android XR platform as well as Gemini AI assistant, the Galaxy XR is priced at 2.69 million won ($1,800), about half the cost of the Apple Vis
October 22, 2025
