Industry

  • Hyosung bucks trend with recruitment drive exclusively for humanities majors
    Hyosung bucks trend with recruitment drive exclusively for humanities majors SEOUL, July 15 (AJP) - Hyosung Group on Wednesday launched a hiring drive open exclusively to graduates who majored in the arts and humanities. Job seekers with bachelor's or master's degrees in fields like history, philosophy, aesthetics, and language and literature can apply until July 22. The move is the first of its kind since the multi-industry conglomerate's founding in 1966, as many of South Korea's major companies are scaling back entry-level recruitment, July 15, 2026
  • Exports of eco-friendly vehicles top 100,000 units for first time in June
    Exports of eco-friendly vehicles top 100,000 units for first time in June SEOUL, July 15 (AJP) - Exports of eco-friendly vehicles surpassed 100,000 units for the first time last month, according to a report released by the Ministry of Trade, Industry and Resources on Wednesday. South Korea's auto exports hit a record US$6.71 billion in June, up 5.8 percent from a year earlier and the highest level ever for the month. Eco-friendly vehicles led the growth, with exports surging 35.4 percent to 102,554 units, surpassing 100,000 units in monthly shipmen July 15, 2026
  • A cartel ingredient behind Koreas sticky prices
    A cartel ingredient behind Korea's sticky prices SEOUL, July 15 (AJP) - Even before the war in the Middle East reignited fears over higher food and fuel costs, South Koreans had grown accustomed to paying more at the checkout. Wars, supply-chain disruptions and inflation became familiar explanations every time prices climbed. Now, a wave of antitrust investigations suggests another force was also at work much closer to home. Regulators say some of the country's biggest food and fuel suppliers had been coordinating pric July 15, 2026
  • Seoul weighs Daejeon site for unified military academy
    Seoul weighs Daejeon site for unified military academy SEOUL, July 15 (AJP) - South Korea’s Defense Ministry is strongly considering establishing a new integrated military academy at Jaundae in Daejeon, where cadets from the Army, Navy and Air Force academies would receive four years of joint education, military sources said Wednesday. According to military officials, the ministry is reviewing a plan to create a new Armed Forces Academy at Jaundae, a major military education and training complex in Daejeon, as part of its broader July 15, 2026
  • Samsung unveils Flex Titanium technology after Fold 8 leak sparks buzz
    Samsung unveils Flex Titanium technology after Fold 8 leak sparks buzz SEOUL, July 15 (AJP) - Samsung Electronics on Wednesday unveiled a new foldable display technology designed to improve durability while significantly reducing screen creases, days after an online video purportedly showing its next-generation Galaxy Fold smartphone drew widespread attention for its nearly invisible fold line. The company said its new Flex Titanium technology combines advanced display engineering, new materials and precision mechanical design to produce its thinnest July 15, 2026
  • Unionized workers at GM Korea begin two-day partial strike over wage dispute
    Unionized workers at GM Korea begin two-day partial strike over wage dispute SEOUL, July 15 (AJP) - Unionized workers at GM Korea on Wednesday began a two-day partial strike after wage talks broke down. The workers, who have been refusing overtime and weekend work since earlier this week, are staging the strike on Wednesday and Thursday, with the morning and afternoon shifts stopping work for four hours each. It comes after more than a dozen rounds of wage talks including one held the previous day collapsed as the automaker's labor and management fail July 15, 2026
  • Hyundai-SK battery venture starts output at Georgia plant
    Hyundai-SK battery venture starts output at Georgia plant SEOUL, July 15 (AJP) - SK On and Hyundai Motor Group's battery joint venture has begun production at its northwest Georgia plant and started shipping electric-vehicle batteries to the automaker's flagship U.S. factory, local newspaper The Atlanta Journal-Constitution (AJC) reported on Tuesday (local time). The venture, known as Hyundai-SK Battery Manufacturing America (HSBMA), was established in 2023 with a combined $5 billion investment split evenly between the two companie July 15, 2026
  • HMM leads California orange shipments to South Korea for fourth year
    HMM leads California orange shipments to South Korea for fourth year SEOUL, July 15 (AJP) - HMM, South Korea's largest container carrier, said it had transported more California-grown oranges to the country than any rival for a fourth consecutive year. The Seoul-based shipping line revealed Wednesday that it carried 42 percent of all California oranges imported into South Korea this year, or about 3,060 twenty-foot equivalent units (TEU), according to Piers Data compiled by U.S. maritime research firm JOC. The figure marked the top position in July 15, 2026
  • Trump got $2 million from Korean firm facing US trade probe
    Trump got $2 million from Korean firm facing US trade probe SEOUL, July 15 (AJP) - The lead investor in a South Korean aluminum company contesting U.S. trade penalties paid $2 million last year to a holding company owned by President Donald Trump, according to a New York Times report that has renewed scrutiny of the president's foreign business dealings. The payment by Base Group, the parent of Korea Aluminium, surfaced for the first time in Trump's annual financial disclosure released in late June. The filing described it tersely as July 15, 2026
  • Seoul to debut first privately developed UAM aircraft
    Seoul to debut first privately developed UAM aircraft SEOUL, July 14 (AJP) - Seoul will unveil its first urban air mobility aircraft developed by a domestic private company on Wednesday, with the vehicle set to perform a short flight demonstration. The Ministry of Land, Infrastructure and Transport said Tuesday that it will hold the K-UAM Flight Showcase at Incheon National University’s INU Innovation Center on Wednesday, featuring an aircraft under development by Sambo Motors Group. The Korea Aerospace Research Institute demo July 14, 2026