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South Korea sees July export volume grow 5.9 percent on strong chip demand SEOUL, August 1 (AJP) - South Korea's exports rose 5.9 percent in July from a year earlier to $60.82 billion, marking the second consecutive month of growth despite concerns over impending U.S. tariffs, trade ministry data showed Friday. Semiconductors drove the export surge, posting a 31.6 percent year-on-year increase to $14.71 billion, recording the highest July performance ever, aided by strong demand for high-value memory chips such as high bandwidth memory chips and price August 1, 2025
[K-Tech] Samsung to launch XR headset and tri-fold phone in second half SEOUL, August 01 (AJP) - Samsung Electronics will release extended reality headsets and tri-fold smartphones in the second half of 2025 as part of an aggressive expansion of its Galaxy ecosystem, the tech giant said Friday. The company also plans additional mergers and acquisitions to strengthen new business areas including artificial intelligence, medical technology, and heating, ventilation and air conditioning systems. Samsung's Mobile Experience division reported second-qu August 1, 2025
[K-Tech] S. Korea selects 8 ESS sites totaling 563MW to support renewable energy expansion SEOUL, August 01 (AJP) - South Korea's Ministry of Trade, Industry and Energy and the Korea Power Exchange on Thursday confirmed plans to deploy 563 megawatts (MW) of energy storage systems (ESS) nationwide, a move aligned with the government's long-term strategy to bolster renewable energy infrastructure. The announcement followed a bidding committee meeting held on July 31. The centralized bidding system, introduced in 2023, initially covered three pilot sites on Jeju Is August 1, 2025
South Korea to decide on Google's high-precision map export request next month SEOUL, August 1 (AJP) - South Korea will decide next month whether to approve Google's request to export high-precision maps overseas, with security concerns likely to weigh heavily on the government's final decision. Because South Korea remains technically in a state of ceasefire with North Korea, the country imposes strict regulations on domestic map service providers to conceal the exact locations of military bases and facilities. Many of these sites are either blurred, August 1, 2025
Reliance Industries bets big on deep-tech, reshapes India's digital future Editor's Note: This article is the 29th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, July 30 (AJP) - Reliance Industries, India's largest private-sector company, is navigating a complex energy and geopolitical landscape while accelerating its transformation into a deep-tech and advanced manufacturing leader. Once known primarily for its dominance July 31, 2025
Musinsa partners with government agency to boost K-fashion exports SEOUL, July 31 (AJP) - Korean fashion platform Musinsa signed a memorandum of understanding with the Seoul Regional Small and Medium Business Administration on Wednesday to support Seoul-based fashion brands' overseas expansion. The partnership aims to enhance export activities and provide practical support for small and medium-sized fashion companies seeking global market entry. Under the agreement, Musinsa will leverage its platform operations experience and global network t July 31, 2025
[K-Tech] LG AI model EXAONE 4.0 ranks 11th globally in intelligence index SEOUL, July 31 (AJP) - LG AI Research's artificial intelligence model EXAONE 4.0 secured 11th place globally in the Intelligence Index evaluation by AI performance analysis firm Artificial Analysis, according to results announced Wednesday. The model ranked first among Korean AI models and fourth among publicly available open-weight models. The ranking was based on seven high-difficulty performance metrics including reasoning and knowledge capabilities, expert-level scientific July 31, 2025
S.Korean agro-livestock industry takes breather as nation strikes trade deal with U.S. SEOUL, July 31 (AJP) - South Koreas agricultural and livestock sectors expressed relief on Thursday after the government said it had successfully defended the country's beef and rice markets during trade negotiations with the United States, despite facing intense pressure to open these sectors further. Kim Yong-beom, policy chief of the presidential office, told reporters that South Korea had faced "strong opening demands" from the U.S. regarding agricultural products July 31, 2025
Samsung Electronics posts 4.7 trillion won operating profit in second quarter SEOUL, July 31 (AJP) - Samsung Electronics reported final second-quarter operating profit of 4.7 trillion won on Thursday, slightly above preliminary guidance as the world's largest memory chipmaker navigated persistent industry challenges and China sanctions. Revenue reached 74.6 trillion won, up marginally from the 74 trillion won preliminary estimate released earlier this month. The final results confirmed a 55.2 percent decline in operating profit from the same period last July 31, 2025
[K-Tech] S. Korea pushes AI adoption in manufacturing with new funding program SEOUL, July 31 (AJP) - South Korea's Ministry of Trade, Industry and Energy announced Wednesday it will launch a new initiative to promote AI adoption in the manufacturing sector, with applications for implementing agencies opening July 31. The project is part of the second supplementary budget for 2025. The program is designed to help manufacturers integrate and validate AI solutions on-site, speeding up digital transformation across the industry while also strengthening the ca July 31, 2025