Industry

  • Hyundai, Kia poised to surpass 1 million EVs in cumulative sales in Europe
    Hyundai, Kia poised to surpass 1 million EVs in cumulative sales in Europe SEOUL, February 15 (AJP) - Hyundai Motor and its affiliate Kia are on the verge of reaching 1 million cumulative electric vehicle sales in Europe by the first half of this year, the automotive giant said on Sunday. Their combined EV sales stood at 915,996 units as of the end of last year, since the launch of Kia's compact sport-utility vehicle Soul in 2014. With monthly sales surpassing 15,000 units, they are on track to surpass 1 million units in cumulative sales soon. February 15, 2026
  • U.S. maritime plan allows initial ship construction in Korea
    U.S. maritime plan allows initial ship construction in Korea SEOUL, February 14 (AJP) - The White House on Friday unveiled the “America’s Maritime Action Plan” (MAP), a sweeping strategy to revive the U.S. shipbuilding industry that explicitly signals cooperation with South Korea and Japan. It is widely seen as laying out the blueprint for the so-called MASGA (Make American Shipbuilding Great Again) initiative discussed during Korea-U.S. tariff negotiations. The U.S. government states in the report published on the White February 14, 2026
  • Book-style foldables to dominate global market in 2026 amid memory shortages
    Book-style foldables to dominate global market in 2026 amid memory shortages SEOUL, February 14 (AJP) - The global foldable smartphone market is expected to shift from clamshell-style devices to book-type models in 2026, according to market research firm Counterpoint Research. According to Counterpoint on Saturday, book-type devices are projected to increase their share of the total foldable smartphone market from 52 percent in 2025 to around 65 percent in 2026, accounting for the majority of global foldable shipments. The shift reflects continued improvemen February 14, 2026
  • SK chair meets US big tech leaders for HMB4 pitch
    SK chair meets US big tech leaders for HMB4 pitch SEOUL, February 13 (AJP) -SK Group Chairman Chey Tae-won commanding the world's most-sought memory chip unit held a string of meetings with big-tech leaders in the United States to strengthen leadership in AI chip supply chain amid tension with Samsung Electronics over HBM4 supply. His business meetings included all the big tech names Nvidia, Broadcom, Microsoft, Meta and Google engaged in AI chip accelerators, as he pushed to expand partnerships centered on high-bandwidth memor February 13, 2026
  • TrendForce: Nvidia to expand HBM4 supply chain to Samsung, SK hynix, and Micron by Q2
    TrendForce: Nvidia to expand HBM4 supply chain to Samsung, SK hynix, and Micron by Q2 SEOUL, February 13 (AJP) - Nvidia Corp. is expected to diversify its High Bandwidth Memory (HBM) supply chain to include all three major memory chipmakers, as validation for the fourth-generation HBM4 chips enters the final stages ahead of the mass production of its next-generation "Rubin" GPU platform. According to a report by market researcher TrendForce on Friday, Samsung Electronics, SK hynix, and Micron Technology are all projected to complete HBM4 certification February 13, 2026
  • Hyundais Palisade, Kias EV9 win Canadian vehicle of the year awards
    Hyundai's Palisade, Kia's EV9 win Canadian vehicle of the year awards SEOUL, February 13 (AJP) - Two South Korean vehicles have receive top awards at this year's Canadian International AutoShow in Toronto, which wraps up its weeklong run this weekend. According to Hyundai Motor Group, the Palisade was named the Canadian Utility Vehicle of the Year, while affiliate Kia's EV9 won the Canadian Electric Utility Vehicle of the Year award, presented by the Automobile Journalists Association of Canada (AJAC). "Our expert jurors scored the Pal February 13, 2026
  • Renault Koreas new hybrid SUV receives 5,000 pre-orders in about a month
    Renault Korea's new hybrid SUV receives 5,000 pre-orders in about a month SEOUL, February 13 (AJP) - Renault Korea said on Friday that orders for its new crossover sport utility vehicle have exceeded 5,000 units since pre-orders began last month. According to the France-based automaker, the midsize hybrid Filante, which combines features of a sedan and an SUV, boasts 250 horsepower and artificial intelligence (AI)-based connectivity services. It comes with a price tag of about 43.32 million Korean won (about US$30,000) after tax incentives for eco-fr February 13, 2026
  • To keep US troops, Seoul may have too look beyond NK in defense axis
    To keep US troops, Seoul may have too look beyond NK in defense axis SEOUL, February 12 (AJP) - The U.S. National Defense Strategy (NDS), released last month one year into the Trump administration, delivers a message that is clear — take “primary responsibility” for own defense and expect “critical but limited” U.S. support. For South Korea, which has relied on the U.S. deterrence umbrella against North Korea for more than 70 years, the language feels unsettling. But beneath the rhetoric lies a deeper structural shift: W February 12, 2026
  • Samsung Electronics starts mass shipments of HBM4, targets next-gen AI demand
    Samsung Electronics starts mass shipments of HBM4, targets next-gen AI demand SEOUL, February 12 (AJP) - Samsung Electronics has begun mass shipments of the industry's first HBM4 high-bandwidth memory chips, the South Korean tech giant said on Thursday, looking to secure an early lead in the next-generation AI memory market. The new chip utilizes Samsung's advanced 10-nanometer class (1c) DRAM and its proprietary 4-nanometer foundry process for the base die. It delivers stable transfer speeds of 11.7 gigabits per second (Gbps) and hits a maximum of February 12, 2026
  • HD Hyundais 2025 profit more than doubles on shipbuilding boom
    HD Hyundai's 2025 profit more than doubles on shipbuilding boom SEOUL, February 12 (AJP) - HD Hyundai said in a regulatory filing on Thursday that its 2025 operating profit more than doubled, driven by strong profitability in shipbuilding and offshore operations. The group reported consolidated revenue of 71.26 trillion won ($49.5 billion) for 2025, up 5.2 percent from a year earlier, while operating profit surged 104.5 percent to 6.1 trillion won. HD Hyundai said earnings growth was led by improved margins in shipbuilding and offshore bu February 12, 2026