Industry

  • String of major data breaches raises serious questions about Koreas cybersecurity
    String of major data breaches raises serious questions about Korea's cybersecurity SEOUL, September 19 (AJP) - South Korean officials bowed their heads in apology during a televised press conference Friday but offered little comfort to a highly connected society grappling with yet another string of mass data breaches. "The government is coordinating across agencies to minimize damage and prepare fundamental measures rather than temporary responses," said Vice Minister Ryu Je-myeong of the Ministry of Science and ICT. "In light of these inciden September 19, 2025
  • NVIDIA–Intel tie-up to bring opportunities for Korean chipmakers
    NVIDIA–Intel tie-up to bring opportunities for Korean chipmakers SEOUL, September 19 (AJP) - A tie-up between U.S. chip-design giants NVIDIA and Intel is expected to accelerate artificial intelligence (AI) computing infrastructure — creating new opportunities for South Korea’s memory and packaging technologies that support advanced AI chips. The $5 billion partnership, under which NVIDIA will acquire a 4 percent stake in Intel, could unite the current and former leaders of global chip design, pending regulatory approval. The announ September 19, 2025
  • Drugstores rising as must-visit stops in Seoul for foreign visitors
    Drugstores rising as must-visit stops in Seoul for foreign visitors SEOUL, September 19 (AJP) - Drugstores are must-visit stop in Europe, famed for their iconic pharmacy brands — and Korea is fast emerging as a beauty mecca of its own, fueled by a social media-driven reputation for affordable skincare. Tourists are now venturing beyond the ubiquitous Olive Young chain, browsing independent pharmacies where shelves are lined with beauty products labeled in English, Chinese, and Japanese. “I read about this cream on Instagram Threads September 19, 2025
  • American business chamber raises alarm over contentious union law
    American business chamber raises alarm over contentious union law SEOUL, September 19 (AJP) - The head of the American Chamber of Commerce in Korea urged the South Korean government on Friday to take industry concerns into account as it prepares to implement the so-called Yellow Envelope Act, a contentious new labor law that has become a flashpoint in the country’s corporate sector. AMCHAM Korea Chairman James Kim said the chamber would soon present policy recommendations to the Ministry of Employment and Labor, which has formed a task September 19, 2025
  • Hanwha Aerospace to supply 24 more K9 howitzers to Norway
    Hanwha Aerospace to supply 24 more K9 howitzers to Norway SEOUL, September 19 (AJP) - Hanwha Aerospace said Friday it has signed a new contract with Norway’s defense procurement agency to supply 24 additional K9 self-propelled howitzers. The company did not disclose the value of the deal, citing an agreement with the Norwegian Defence Materiel Agency, known as NDMA. The signing ceremony was held on Sept. 18 in Oslo and attended by Hanwha’s chief executive, Son Jae-il, and Gro Jaere, director general of the NDMA. It is the September 19, 2025
  • Hyosung Heavy secures $150 million US power grid contract
    Hyosung Heavy secures $150 million US power grid contract SEOUL, September 19 (AJP) - Hyosung Heavy Industries, a South Korean power equipment maker, said Friday it has secured a $150 million contract to supply ultra–high-voltage transformers and circuit breakers to a U.S. firm. The deal will provide a package of 765-kilovolt transformers, reactors and 800-kilovolt circuit breakers. It is the first time a Korean company has delivered a complete solution for America’s 765-kilovolt transmission network — the backbone of September 19, 2025
  • Hyundai Motor CEO calls for Korea-US deal on auto tariffs
    Hyundai Motor CEO calls for Korea-US deal on auto tariffs SEOUL, September 19 (AJP) - Hyundai Motor’s chief executive warned that stalled U.S.-South Korea trade talks on auto tariffs are threatening the company’s competitiveness in its most important overseas market, even as rival Japan secured a more favorable deal with Washington. Speaking at Hyundai’s first overseas investor day in New York on Thursday (local time), Jose Munoz said the company’s current financial outlook assumes a 25 percent U.S. tariff on im September 19, 2025
  • Hyundai Rotem opens first rail component plant in US
    Hyundai Rotem opens first rail component plant in US SEOUL, September 19 (AJP) - South Korean rail manufacturer Hyundai Rotem has opened its first American production facility, a move aimed at aligning with Washington’s push to localize infrastructure supply chains. The 8,500-square-meter plant, called Hyundai Rotem Smart Electric America, officially opened on Wednesday (local time) in Riverside, east of Los Angeles, the company said Friday. Demand for rail infrastructure in Southern California is likely to surge ahead of September 19, 2025
  • Seoul opts for promotion-first and regulation-later approach on AI deployment
    Seoul opts for promotion-first and regulation-later approach on AI deployment SEOUL, September 18 (AJP) - South Korea has chosen a middle path between Europe’s strict rules and U.S.’s hands-off stance in global race to govern artificial intelligence. The Ministry of Science and ICT this week detailed the criteria for high-impact AI systems pertinent to the Act on the Development of Artificial Intelligence and Establishment of Trust" dubbed as the AI Basic Act due to take effect next January. Seoul will be the second jurisdiction after th September 18, 2025
  • The skys the limit for K-ramyeon riding on Demon Hunters craze
    The sky's the limit for K-ramyeon riding on Demon Hunters craze SEOUL, September 18 (AJP) - The challenge of slurping fiery-hot ramyeon is nothing new. But when a chart-topping K-pop trio does it in a Netflix hit that becomes the platform's most-watched animated film, the sales surge – and stock rally – for Korean snack makers can be staggering. Instant noodle giant Nongshim, featured as a motif in "KPop Demon Hunters," closed Thursday at 481,500 won ($347), up 24.6 percent from a year ago. Nearly 30 percent of that j September 18, 2025