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Lotte Chemical's struggles mirror South Korea's petrochemical crisis
SEOUL, September 09 (AJP) - Lotte Chemical, once seen as a pillar of South Korea’s industrial strength, is now grappling with a series of setbacks that mirror the broader malaise in the country’s petrochemical sector. The company’s Malaysian unit, Lotte Chemical Titan, has recorded losses for 10 consecutive quarters, culminating in a roughly 1 trillion won ($721 million) impairment charge late last year. Once a reliable profit engine, the subsidiary has become a
September 9, 2025
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US Homeland Security chief says detained Korean workers will be 'deported'
SEOUL, September 09 (AJP) - U.S. Homeland Security Secretary Kristi Noem said Korean workers detained in an immigration raid in Georgia last week will be "deported" — a statement that appears to contradict what South Korean officials say they had already negotiated. Speaking Monday (local time) in London during a meeting of security ministers, Noem said the workers caught in the raid “are going to be deported,” adding that some also face additional charge
September 9, 2025
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Reliance on short-term visas exposes weak link in Korean projects in US
SEOUL, September 08 (AJP) - Korean companies building some of the largest industrial facilities in the United States are bracing for construction delays that could stretch up to two years, after stepped-up immigration enforcement exposed widespread reliance on short-term business visas for technical staff. Industry data compiled in the aftermath of last week’s raid on a Hyundai–LG Energy Solution battery plant in Georgia show that 22 projects worth about 145 trillion w
September 8, 2025
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Trump administration's immigration crackdown puts Korean firms in US on edge
SEOUL, September 08 (AJP) - Korean companies with sprawling manufacturing projects in the United States are bracing for major disruptions as the Trump administration intensifies its immigration crackdown, now extending its reach to foreign-led construction sites. The detention of hundreds of workers last week at a Hyundai Motor–LG Energy Solution battery plant under construction in Bryan County, Ga., has jolted South Korean executives and policymakers. Though officials in
September 8, 2025
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Defense company LIG Nex1 establishes European hub in Munich
SEOUL, September 08 (AJP) - South Korean defense firm LIG Nex1 said Monday that it has opened a representative office in Munich, establishing its first operational hub in Europe. The office was inaugurated on Sept. 4 with a ceremony attended by LIG Nex1’s chief executive, Shin Ick-hyun, along with German officials and executives from European defense firms. The company said the Munich office will serve as a platform for deeper collaboration with European partners in resea
September 8, 2025
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E-cigarette users show higher nicotine addiction than traditional smokers, study finds
SEOUL, September 08 (AJP) - Users of electronic cigarettes and heated tobacco products may be more dependent on nicotine than conventional cigarette smokers, according to a government-commissioned study released Monday, challenging industry claims that the alternatives are less addictive or less harmful. The research, conducted by the Korea Association on Smoking or Health at the request of the Ministry of Health and Welfare, surveyed 800 smokers between the ages of 20 and 69 nation
September 8, 2025
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Labor strife deepens at GM Korea amid speculation over company's future
SEOUL, September 08 (AJP) - General Motors Korea resumed formal wage negotiations with its labor union on Monday, the first such talks in nearly two months, as disputes over restructuring and persistent speculation about the automaker’s long-term presence in South Korea add to rising tensions. Talks began at 2 p.m., marking the 14th round of bargaining this year and the first since July 15. In the interim, the two sides had engaged in lower-level discussions without reaching
September 8, 2025
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Korean firms experiment with four-day workweek amid fierce debate
SEOUL, September 08 (AJP) - Some of South Korea’s biggest corporations are experimenting with shorter workweeks and flexible schedules, as the nation debates sweeping labor reforms that include cutting the workweek to four days and extending retirement ages. President Lee Jae Myung has pledged to phase in a 4.5-day workweek as a first step toward a four-day schedule without a reduction in pay. Labor unions have embraced the idea: both the Korean Confederation of Trade Unions a
September 8, 2025
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Matcha finds new home in Korea's old tea culture
SEOUL, September 08 (AJP) - On a damp but sunlit Friday evening in Seoul’s Bukchon Hanok Village, a narrow stairway leads to a sleek three-story building tucked among winding alleys. As the door swings open, a cool breeze and a faint herbal scent rush out to meet the line of visitors. Inside, the walls are washed in green. Foreign tourists crowd the hall, perched on moss-colored couches and sipping lattes so vibrantly green they look almost painted. At the center of the roo
September 8, 2025
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Immigration crackdown leads Korean firms to cancel business trips to US
SEOUL, September 07 (AJP) - Hyundai Motor Company has canceled all scheduled business trips to the United States after hundreds of South Korean workers were arrested in Georgia on charges of illegal stay and employment. Industry sources confirmed Sunday that the automaker had notified employees that all travel to the U.S. was suspended. The decision comes after a raid on a joint battery plant operated by LG Energy Solution and Hyundai Motor Group on Sept. 4 led to the detention of
September 7, 2025
