Hanwha Aerospace showcases K9, Chunmoo systems at Egypt's defense expo SEOUL, December 01 (AJP) - Hanwha Aerospace said Monday it is participating in the Egypt Defense Expo (EDEX) 2025, which runs from Dec. 1–4 in Cairo, showcasing a range of artillery and air-defense systems. The South Korean defense manufacturer is highlighting its K9 self-propelled howitzer, set to enter service with Egypt from 2026 under a major contract. More than 450 companies are taking part in the exhibition, which is expected to draw around 40,000 visitors. At the December 1, 2025

South Korea's HD Hyundai consolidates shipbuilding units SEOUL, December 01 (AJP) - HD Hyundai Heavy Industries and HD Hyundai Mipo Shipbuilding completed their merger on Monday, forming an integrated entity under the name HD Hyundai Heavy Industries as the group seeks to reinforce its position as the world’s largest shipbuilder. The merger, first announced in August, follows a broader consolidation trend in the global shipbuilding sector, with major players in China and Japan also unifying their leading yards. HD Hyundai Hea December 1, 2025

Samsung Biologics to invest 7 trln won in third bio-campus SEOUL, December 01 (AJP) - Samsung Biologics plans to invest about 7 trillion won ($4.76 billion) to build a third campus in Songdo, diversifying its contract manufacturing business beyond antibody drugs into emerging therapeutic modalities. The South Korean biopharmaceutical manufacturer said Monday it signed a land purchase agreement with the Incheon Free Economic Zone authority for about 187,427 square meters of industrial site in Songdo International City. The company will pay 2 December 1, 2025

South Korean hotels ride wave of Chinese Gen Z travelers SEOUL, December 01 (AJP) - South Korea’s hotel scene is in the midst of a renaissance, energized by a surge of overseas travelers who are filling rooms, lifting revenues, and reshaping the country’s hospitality landscape. At the center of this revival is the return of Chinese tourists — once South Korea’s largest visitor group — whose comeback is accelerating faster than many in the industry anticipated. More than 14 million foreign tourists arri December 1, 2025

South Korean asset management firms' Q3 profit surges 128 percent year-on-year SEOUL, December 01 (AJP) - South Korea’s asset management industry expanded in the third quarter, with total assets under management (AUM) rising 3.9 percent from the previous quarter to 1,868.8 trillion won (about $1.27 trillion). Fund deposits grew 5 percent to 1,226.8 trillion won ($835 billion), while investment advisory contracts increased 1.8 percent to 642 trillion won. Funds recorded gains across major categories: equity funds reached 149.5 trillion won, bond December 1, 2025

Chip boom lifts South Korea's November exports 8.4 percent SEOUL, December 01 (AJP) - South Korea’s exports rose more than 8 percent in November from a year earlier, extending their growth streak to six consecutive months and putting the country on course to reach an annual export of $700 billion for the first time. The Ministry of Trade, Industry and Energy said Monday that outbound shipments reached $61.04 billion in November, up 8.4 percent on-year. Average daily exports, adjusted for working days, climbed 13.3 percent to $2.71 December 1, 2025

Coupang hit by massive personal data breach affecting 33 million accounts SEOUL, November 30 (AJP) - Coupang, the top e-commerce platform with some 33 million monthly active users in South Korea, is facing growing criticism after confirming that personal information belonging to more than 33 million customer accounts was exposed in a major data breach. The scale of the incident has stirred anxiety among consumers and intensified scrutiny of how large technology companies protect basic personal data. The breach has drawn wide attention because Coupang ha November 30, 2025

Economy/Business Calendar Seoul, November 28 (AJP) - Dec 1 (Mon) ISM Manufacturing (Nov) - U.S. NBS/Caixin PMIs (Nov) - China Dec 3 (Wed) GNI (3Q) - Ministry of Data and Stats ADP, ISM Services - U.S. Dec 5 (Fri) BoP (Oct) - Bank of Korea Industrial Loans (Q3) 2025 - Bank of Korea Jobs Report (Nov) - U.S. Dec 9-10 (Tue-Wed) FOMC meeting - U.S. Export/Import price indexes (Nov) - Bank of Korea Dec 15-18 (Mon-Thu) Trade, CPI/PPI (Nov) - China Dec 16 (Tue) Combined Oct&n November 28, 2025

Korea's unique dawn delivery stokes debate between consumer and labor rights SEOUL, November 28 (AJP) - South Koreans expect grocery orders to arrive at their doorstep by morning — a standard that may astonish outsiders but has become routine thanks to Coupang's ultra-fast e-commerce strategy. Competitors large and small, including Kurly, SSG.com under Shinsegae, CJ Logistics, and others, now compete primarily on delivery speed. But overnight and dawn deliveries come with a human cost. The delivery workers' union und November 28, 2025

Wemix will be listed on Thailand's largest crypto exchange Bitkub SEOUL, November 28 (AJP) - The Wemix Foundation said Friday that its Wemix cryptocurrency will be listed on Bitkub, Thailand’s largest digital asset exchange, with deposits and withdrawals opening on Dec. 1. Bitkub controls about 70 percent of Thailand’s cryptocurrency market and operates under authorization from the Ministry of Finance. The platform lists more than 100 digital assets. The listing marks Wemix’s first official entry into the Thai market and November 28, 2025