Industry

  • South Koreas egg prices surge ahead of traditional holiday Chuseok amid supply shortage
    South Korea's egg prices surge ahead of traditional holiday Chuseok amid supply shortage SEOUL, September 05 (AJP) - South Korea's egg prices are expected to climb further as the Chuseok, traditional Korean thanksgiving holiday season, is set to take place in early October. Also, supply constraints stemming from extreme summer heat continue to squeeze the market. The Korea Rural Economic Institute projected Friday wholesale egg prices would reach 1,900 to 1,950 won (around $1.43 to $1.47) per 10 extra-large eggs in September, marking a potential 15.7 percent increas September 5, 2025
  • LG Electronics to supply cooling systems for AI data center in US
    LG Electronics to supply cooling systems for AI data center in US SEOUL, September 04 (AJP) - LG Electronics said Thursday it had secured a major contract to provide cooling solutions for a large artificial intelligence data center in the United States. Jo Joo-wan, the company’s chief executive, announced the win on LinkedIn, saying LG would supply chillers with advanced “free-cooling” capabilities. He didn't mention the value of the contract. “This demonstrates both our technological competitiveness and our abilit September 4, 2025
  • SK On expands into US energy storage market with $1.4 billion battery deal
    SK On expands into US energy storage market with $1.4 billion battery deal SEOUL, September 04 (AJP) - Battery maker SK On said Thursday it had secured a major foothold in the North American energy storage market by signing a large supply contract with Colorado-based Flatiron Energy. The deal covers one gigawatt-hour of containerized storage systems using lithium iron phosphate (LFP) batteries for a project in Massachusetts, beginning next year. SK On also gained “preferred supplier” status for Flatiron’s broader portfolio of U.S. proje September 4, 2025
  • Koreas top business lobby ties economic recovery to green growth
    Korea's top business lobby ties economic recovery to green growth SEOUL, September 04 (AJP) - South Korea’s most powerful business lobby urged the government Thursday to pair consumer stimulus with an ambitious green transition as the country struggles with sluggish growth and rising climate pressures. The Federation of Korean Industries, which represents the country’s largest conglomerates, presented a seven-point “renewal” strategy that it said could both spur household consumption and advance the nation’s carbon ne September 4, 2025
  • South Korea finds lifeline in Southeast Asia as US tariffs weigh on exports
    South Korea finds lifeline in Southeast Asia as US tariffs weigh on exports SEOUL, September 04 (AJP) - South Korea’s exports to Southeast Asia surged in August, offsetting declines in shipments to the United States as Washington’s trade barriers increasingly disrupt bilateral flows. Exports to the Association of Southeast Asian Nations rose 12 percent from a year earlier to a record $10.89 billion, the trade ministry said Thursday. It was the third consecutive month of growth to the bloc, which has become an increasingly vital market for Korean September 4, 2025
  • US patent firm alleges LCD patent infringement by LG Electronics
    US patent firm alleges LCD patent infringement by LG Electronics SEOUL, September 04 (AJP) - A U.S. intellectual property management company has filed a complaint with the U.S. International Trade Commission, accusing LG Electronics and several other television manufacturers of infringing patents covering liquid crystal display (LCD) technology. BH Innovations LLC named South Korea’s LG, China’s Hisense and TCL, and U.S.-based Vizio as respondents in the case, according to data released Thursday by the patent information platform RP September 4, 2025
  • Nongshim taps Netflix hit KPop Demon Hunters to rival Samyang
    Nongshim taps Netflix hit 'KPop Demon Hunters' to rival Samyang SEOUL, September 4 (AJP) - Nongshim, South Korea’s largest instant noodle maker, has teamed up with the hit Netflix animation "KPop Demon Hunters" in a bid to challenge Samyang Foods, whose fiery Buldak noodles have become a global social media sensation. The collaboration places characters from the series on packaging for Nongshim’s flagship Shin Ramyun and Shrimp Crackers. The show, which has been streamed more than 260 million times worldwide, prominently September 4, 2025
  • From Beijing startup to global powerhouse: Chinas ByteDance rewrites rules of social media
    From Beijing startup to global powerhouse: China's ByteDance rewrites rules of social media Editor's Note: This article is the 34th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, September 04 (AJP) - When Zhang Yiming founded ByteDance in a modest Beijing apartment in 2012, his goal was deceptively simple: build software that could serve people the information they didn’t know they wanted. A decade later, his company has become th September 4, 2025
  • Marriages with foreigners rise in South Korea, even as overall unions decline
    Marriages with foreigners rise in South Korea, even as overall unions decline SEOUL, September 03 (AJP) - South Korea is seeing a growing share of marriages involving foreign nationals, even as overall marriage rates have nearly halved over the past three decades, according to new government data released Wednesday. Statistics Korea said that marriages with foreign spouses rose 54 percent from 13,500 in 1995 to 20,800 in 2024. Such unions accounted for 9.3 percent of all marriages last year, up from 3.4 percent three decades earlier. Both Korean men marr September 3, 2025
  • Samsungs processor shows big leap, closing in on Qualcomm
    Samsung's processor shows big leap, closing in on Qualcomm SEOUL, September 03 (AJP) - Samsung Electronics’ next-generation Exynos processor has posted benchmark scores close to those of Qualcomm’s top chip, raising expectations that the company’s in-house silicon could return to its flagship smartphones next year. According to results released Wednesday by Geekbench and industry reports, the Exynos 2600 recorded a single-core score of 3,309 and a multi-core score of 11,256. Qualcomm’s upcoming Snapdragon 8 Elite sec September 3, 2025