Industry

  • KEPCO strengthens ties with Vietnam in nuclear energy push
    KEPCO strengthens ties with Vietnam in nuclear energy push SEOUL, October 14 (AJP) - South Korea’s state-run Korea Electric Power Corporation, or KEPCO, is deepening its partnership with Vietnam’s National Power Corporation (PVN) as part of an effort to secure future nuclear power projects in the Southeast Asian nation. KEPCO said Monday that it held a joint workshop with PVN in Hanoi on Sept. 30 to discuss training and workforce development for Vietnam’s planned nuclear energy expansion. The meeting followed a memor October 14, 2025
  • INTERVIEW: Samyangs food research chief leads push for healthier kind of sweetness
    INTERVIEW: Samyang's food research chief leads push for healthier kind of sweetness SEOUL, October 14 (AJP) - As South Korean consumers increasingly seek healthier diets, the nation’s food industry is rapidly moving toward low-sugar and zero-sugar products. Among the companies leading this shift is Samyang, which has emerged as a major player in the market for allulose, a natural, low-calorie sweetener. Samyang began producing allulose in 2016, becoming one of the first Korean firms to enter the zero-calorie sweetener market. The ingredient offers abou October 14, 2025
  • Samsung Elec estimates best-ever revenue and 3-year high OP for Q3
    Samsung Elec estimates best-ever revenue and 3-year high OP for Q3 SEOUL, October 14 (AJP) - Samsung Electronics signaled a strong comeback in the latter half of the year, well beating market expectations with an estimated three-year high operating profit of 12.1 trillion won ($9.1 billion) and record-breaking revenue, fully riding on the chip boom driven by artificial-intelligence engines. Revenue reached a historic quarterly high of 86 trillion won in the three months ended September, up 15 percent from 74.6 trillion won in the previous quart October 14, 2025
  • Samsung Electronics Q3 profit set to double from last qtr on chip rebound
    Samsung Electronics Q3 profit set to double from last qtr on chip rebound SEOUL, October 13 (AJP) - Samsung Electronics is expected to report third-quarter operating profit of 10.14 trillion won ($7.6 billion), more than doubling from the previous quarter and marking its strongest July–September performance, fueled by a sharp recovery in memory chip prices and progress in landing contracts for AI chips. The South Korean tech giant, due to release preliminary earnings before market open Tuesday, is projected to have logged a 10.4 percent on-year ga October 13, 2025
  • K-beauty buttresses Korean exports while defining global mainstream
    K-beauty buttresses Korean exports while defining global mainstream SEOUL, October 13 (AJP) - Beauty has joined chips and cars as another defining powerhouse for Korea, with K-beauty now shaping trends and commanding markets in two of the world's largest economies. Korea ranked as the world’s third-largest cosmetics exporter last year, trailing only France and the United States. In both the U.S. and Japanese markets, Korean beauty products have overtaken long-dominant French labels to become the top imported cosmetics. According to t October 13, 2025
  • LG Elec Q3 results beat forecasts, raising fanfare ahead of India stock debut
    LG Elec Q3 results beat forecasts, raising fanfare ahead of India stock debut SEOUL, October 13 (AJP) - South Korea’s top consumer goods maker LG Electronics posted stronger-than-expected third-quarter earnings on Monday, driven by record automotive electronics sales, setting the stage for its Indian unit’s stock market debut on a buoyant note. According to its preliminary earnings release on Wednesday, the home appliance and consumer goods giant reported an operating profit of 688.9 billion won ($515 million) for the July–September period October 13, 2025
  • USD-KRW nears annual highs as trade talks stall, China tensions mount
    USD-KRW nears annual highs as trade talks stall, China tensions mount SEOUL, October 13 (AJP) - South Korean authorities issued a strong verbal warning – and possibly followed up by won-propping action - on Monday, after the U.S. dollar hovered above the psychologically important 1,430-won mark amid stalled tariff negotiations with Washington and renewed trade tensions between the United States and China. The won opened at 1,430.0 per dollar, up 9.0 won from the previous session, briefly touching 1,434.0 before stabilizing in the mid-1,420s. I October 13, 2025
  • South Koreas industry minister defends Czech nuclear deal
    South Korea's industry minister defends Czech nuclear deal SEOUL, October 13 (AJP) - South Korea’s industry minister on Monday defended the country’s contentious nuclear power contract with the Czech Republic, calling it a “standard agreement” despite mounting criticism over its terms and the involvement of U.S. nuclear firm Westinghouse. Speaking during a parliamentary audit, Industry Minister Kim Jung-gwan acknowledged that “every agreement has its pros and cons,” but argued that the deal gives Sout October 13, 2025
  • Korean firm wins manufacturing contract for US shingles vaccine
    Korean firm wins manufacturing contract for US shingles vaccine SEOUL, October 13 (AJP) - South Korea's GC Biopharma said Monday it has secured contract manufacturing rights for a shingles vaccine being developed by its U.S. affiliate, Curevo Vaccine. Under the agreement, GC Biopharma will produce part of the commercial supply of the vaccine, known by its project name amezosvatein (CRV-101). The product aims to challenge GlaxoSmithKline’s Shingrix, which has dominated the shingles vaccine market for years. The global market for October 13, 2025
  • Taiwan leaps ahead on AI boom as South Korea staggers
    Taiwan leaps ahead on AI boom as South Korea staggers SEOUL, October 13 (AJP) - Once regarded as twin Asian tigers for their industrial and geographic similarities, South Korea and Taiwan are now charting divergent paths — Taiwan riding high on the artificial intelligence boom, while South Korea struggles under structural and demographic headwinds. Taiwan's economy is projected to grow 5.3 percent this year, upgraded from 4.5 percent in a consensus of eight global banks in late August. South Korea, by contrast, is expected to October 13, 2025