SK On expands at home with big bet on LFP amid uncertainty in global battery market SEOUL, December 15 (AJP) - SK On is building a 3-gigawatt-hour lithium iron phosphate (LFP) facility at its Seosan complex in what would become the largest pure-play energy storage system (ESS) production site in Korea, a bold scale-up aimed at catching up with larger domestic rivals seeking to capitalize on power demand driven by AI investment. The facility, designed to roll out ESS capacity sufficient to power 40 to 50 large-scale data centers annually, will mark SK On's first December 15, 2025

South Korea's SeAH secures long-term aluminum supply deal with Boeing SEOUL, December 15 (AJP) - SeAH Aerospace & Defense Materials, a unit of SeAH Besteel Holdings, said on Monday it has signed a long-term supply agreement with Boeing to provide high-strength aluminum alloy materials for commercial aircraft. Under the deal, SeAH Aerospace will begin supplying aluminum alloys used in aircraft fuselages and wings to the world’s largest aircraft manufacturer from 2026, the company said. Financial terms were not disclosed. The agreement December 15, 2025

[UPDATE] Police Sweep Kakao building following bomb threat; No explosives found SEOUL, December 15 (AJP) - Authorities in South Korea on Monday conducted a large-scale search operation at tech giant Kakao's office building in Pangyo, south of Seoul, following a bomb threat report, but no explosive devices were discovered. Police said a joint team of approximately 70 officials — including police officers, firefighters, and military personnel — was deployed to the site, but no unusual or suspicious findings were reported during the operation December 15, 2025

Korea Zinc weighs US strategic mineral smelter: reports SEOUL, December 15 (AJP) - Korea Zinc is considering building a strategic mineral smelter in the southeastern United States, according to media reports, on Monday. The world’s largest non-ferrous metal smelting company convened an emergency board meeting at its Seoul headquarters to discuss the potential project, which could involve investment from the U.S. Department of Defense and local defense-related investors, according to industry sources. The proposed smelter wou December 15, 2025

Doosan Enerbility signs steam turbine supply deal for Qatar plant SEOUL, December 15 (AJP) - Doosan Enerbility said on Monday it has signed a contract with Samsung C&T to supply key equipment for a power plant in Qatar, in a deal valued at about 1 trillion won ($730 million). The project involves the construction of a 2,400-megawatt gas-fired power plant located around 10 kilometers southeast of Doha. Under the agreement, Doosan Enerbility will supply two 430-megawatt steam turbines, generators and related auxiliary equipment, with deliver December 15, 2025

South Korea's HJ Shipbuilding secures first US Navy MRO contract SEOUL, December 15 (AJP) - South Korea's HJ Shipbuilding has signed its first maintenance, repair and overhaul (MRO) contract with the U.S. Navy, marking its entry into the shipbuilding cooperation project between South Korea and the United States, the company said on Monday. The contract covers mid-level maintenance of the USNS Amelia Earhart, a 40,000-ton dry cargo and ammunition ship operated under the U.S. Navy’s Naval Supply Systems Command and Military Sealift Co December 15, 2025

South Korea's LS Cable considers Virginia site for rare earth magnet factory SEOUL, December 15 (AJP) - South Korea's LS Cable said Monday it is considering building a rare earth permanent magnet factory in the United States. The company is currently reviewing Chesapeake, Virginia, as a potential site for the investment and is in talks with state authorities. Rare earth permanent magnets are critical components in advanced industries, including electric vehicles, wind turbines and defense systems such as fighter jets. China accounts for about 85 p December 15, 2025

Samsung, Hyundai, LG and SK chart AI-driven growth strategies for 2026 SEOUL, December 14 (AJP) - South Korea's four largest conglomerates are racing to finalize their 2025 business strategies, with artificial intelligence emerging as the linchpin of their growth plans amid persistent economic uncertainty. Samsung Electronics will convene its biannual global strategy meeting on Dec. 16, bringing together senior executives and overseas subsidiary heads to chart next year's direction. The company, pursuing a transformation into an "AI-dri December 14, 2025

Korean seaweed rides high as U.S. tariff exemption adds fuel to export boom SEOUL, December 14 (AJP) - South Korea's seaweed exports are on track to shatter records this year, and a newly announced U.S. tariff exemption is set to accelerate the momentum for the country's beloved K-gim. A White House fact sheet released last month listed seasoned seaweed as the sole seafood product to receive duty-free treatment, effectively slashing the previous 15 percent levy to zero, the Ministry of Oceans and Fisheries said Sunday. The exemption took effect on N December 14, 2025

Samsung C&T partners with Poland's Synthos to expand SMR business in Europe SEOUL, December 14 (AJP) - Samsung C&T has signed a memorandum of understanding with Polish small modular reactor (SMR) developer Synthos Green Energy to jointly pursue SMR projects across Central and Eastern Europe, the South Korean construction giant said Sunday. Under the agreement, the two companies will collaborate on expanding SMR business into the Czech Republic, Hungary, Lithuania, Bulgaria and Romania, while also working together on feasibility studies, site surveys and December 14, 2025