Samsung Electronics steps up B2B push with HVAC, displays, AI solutions SEOUL, December 16 (AJP) - Samsung Electronics is ramping up its push into the business-to-business market, expanding its air conditioning portfolio into industrial applications and broadening its presence in corporate displays and connected building solutions for enterprise clients. According to industry sources, Samsung has reinforced its Air Solution team within the Digital Appliances division as it shifts focus from consumer-oriented air conditioners to industrial, infrastru December 16, 2025

Celltrion launches Eylea biosimilar in Europe, secures UK healthcare tenders SEOUL, December 16 (AJP) - South Korean biopharmaceutical company Celltrion said it launched Eydenzelt, its biosimilar version of blockbuster eye disease treatment Eylea, in major European markets including Germany and Britain earlier this month as it seeks to expand its foothold in the lucrative ophthalmology sector. The company's UK subsidiary secured National Health Service tenders in three administrative regions immediately upon launch, including northern England, the countr December 16, 2025

Hyundai Motor extends World Archery sponsorship through 2028 SEOUL, December 16 (AJP) - Hyundai Motor said on Tuesday it will extend its partnership with World Archery until 2028, maintaining its title sponsorship of the World Archery Championships and the Archery World Cup. The South Korean automaker first partnered with World Archery in 2016. Under the renewed agreement, Hyundai will also sponsor the Para Archery World Series and the Indoor Archery World Series. The Para Archery World Series, a development-focused program for athlete December 16, 2025

Seoul and London upgrade FTA, lower tariff for Korean cars and consumer goods SEOUL, December 16 (AJP) -South Korea and the United Kingdom have finalized an upgraded free trade agreement that locks in permanent tariff-free access across 98 percent of South Korean tariff lines, marking one of the most comprehensive post-Brexit trade resets between the two countries. The revised agreement, signed in London on Monday by South Korean Trade Minister Yeo Han-koo and UK Trade Minister Chris Bryant, concludes two years of negotiations aimed at modernizing the bilate December 16, 2025

Samsung's Lee Jae-yong holds AI chip talks with Tesla, AMD in US SEOUL, December 16 (AJP) - Samsung Electronics Chairman Lee Jae-yong met Tesla Chief Executive Elon Musk and Advanced Micro Devices Chief Executive Lisa Su during a visit to the United States, as the company moves to strengthen partnerships in next-generation artificial intelligence semiconductors. Lee returned to South Korea on Sunday after the trip, which focused on expanding Samsung’s foundry and memory businesses with leading global technology firms. “I worked ha December 16, 2025

Korean memory giants ready for 2026 peak as HBM boom spills into commodity DRAM SEOUL, December 15 (AJP) - As Big Tech accelerates the next phase of AI infrastructure — with Google challenging Nvidia through in-house chip design and foundation models like Gemini scaling rapidly — the repercussions are becoming systemic for South Korea’s memory industry. Investment banks now project that Samsung Electronics and SK hynix could together generate close to 200 trillion won in operating profit in 2026, an income pool equivalent to roughly 27 percent December 15, 2025

Samsung Heavy secures key certification for 'floating nuclear reactor' design SEOUL, December 15 (AJP) - Samsung Heavy Industries said on Monday it has received preliminary certification for its floating nuclear power platform equipped with small modular reactors, marking a key step in its push into the emerging maritime nuclear energy market. The American Bureau of Shipping (ABS) granted Approval in Principle (AIP) for Samsung Heavy’s Floating Small Modular Reactor (FSMR) design, which incorporates two SMART 100 reactors developed by the Korea Atom December 15, 2025

CJ Olive Young tops Korea's most-wanted employers list, survey shows SEOUL, December 15 (AJP) - CJ Olive Young has emerged as South Korea’s most sought-after employer in 2025, overtaking technology heavyweights SK hynix and Naver, according to a survey released by local recruitment platform Catch on Saturday. The survey, which polled 3,079 job seekers and employees nationwide, found that 20 percent of respondents selected CJ Olive Young as the company they most want to join. The beauty retailer climbed two spots from last year’s third p December 15, 2025

Game developer Netmarble appoints new head for Japanese unit SEOUL, December 15 (AJP) - South Korean game developer Netmarble appointed Kim Do-hyung as CEO of its Japanese subsidiary, Netmarble Japan, as it seeks to accelerate growth and diversify revenue in one of its key overseas markets. Kim is a veteran of the Japanese intellectual property (IP) sector, with experience dating back to the early 1990s in introducing Japanese game and manga IPs to South Korea. He has been involved in developing online games such as SD Gundam Capsule Figh December 15, 2025

GM Korea dismisses exit speculation, pledges $300 million investment for 2026 SEOUL, December 15 (AJP) - General Motors (GM) Korea on Monday moved to quell persistent speculation about a market withdrawal, unveiling a sweeping 2026 business strategy that underscores its commitment to both exports and domestic sales. GM Korea held its "GM Korea 2026 Business Strategy Conference" at the Cheongna Proving Ground in Incheon, where executives highlighted the country's pivotal role in the Detroit automaker's global supply chain. The company said it December 15, 2025