Industry

  • HJ Shipbuilding wins $260 million order for two container ships
    HJ Shipbuilding wins $260 million order for two container ships SEOUL, February 11 (AJP) - South Korea's HJ Shipbuilding has secured a 353.2 billion won ($260 million) contract from a European shipowner to build two eco-friendly container ships with a capacity of 10,100 twenty-foot equivalent units (TEU). The order marks the first time the company will construct container ships exceeding 10,000 TEU at its main Yeongdo shipyard in Busan. The vessels will incorporate a newly developed hull form and fuel-efficient design aimed at reducin February 11, 2026
  • Boston Dynamics Spot robot dog assists UK nuclear decommissioning work
    Boston Dynamics' Spot robot dog assists UK nuclear decommissioning work SEOUL, February 11 (AJP) - Four-legged robot Spot, developed by the Hyundai Motor Group affiliate Boston Dynamics, is being deployed in the United Kingdom to assist with nuclear facility decommissioning. Sellafield Ltd., a state-owned company operating under the U.K.’s Nuclear Decommissioning Authority, recently disclosed that it is using Spot at nuclear cleanup sites. Sellafield oversees the dismantling of nuclear facilities and the management of radioactive waste acro February 11, 2026
  • Asiana Airlines to boost China flights 20 percent amid growing two-way tourism
    Asiana Airlines to boost China flights 20 percent amid growing two-way tourism SEOUL, February 11 (AJP) - Asiana Airlines will increase capacity on its China routes by about 20 percent from late March as travel demand between South Korea and China continues to recover. The carrier said Tuesday it will add 28 weekly flights from the winter schedule starting March 29, bringing total operations to 161 flights a week across 18 China routes. Asiana will resume daily services on the Incheon–Chengdu and Incheon–Chongqing routes, both suspended duri February 11, 2026
  • Chinese steel prices hit 8-week low, weighing on South Korean mills
    Chinese steel prices hit 8-week low, weighing on South Korean mills SEOUL, February 11 (AJP) - China’s steel prices have fallen to an eight-week low, heightening concerns that South Korea’s steel industry could face mounting pressure amid new European carbon rules and rising domestic electricity costs. Rebar futures slipped below 3,060 yuan ($425) per ton on Monday, their lowest level in two months, according to Trading Economics. The decline comes as Chinese steelmakers scale back production ahead of the extended holiday shutdown, w February 11, 2026
  • South Korea to send submarine to Canadian waters ahead of $41bn bid decision
    South Korea to send submarine to Canadian waters ahead of $41bn bid decision SEOUL, February 10 (AJP) - South Korea will deploy a submarine to Canadian waters in June for its first-ever joint naval exercise with Canada, a high-profile move that coincides with Ottawa’s selection process for a $41 billion next-generation submarine program. According to military sources on Tuesday, the deployment will mark the first time a South Korean submarine operates in Canadian waters. The vessel is scheduled to depart in March and cross the Pacific ahead of the dril February 10, 2026
  • South Koreas GS Group posts strong 4Q profit, but full-year earnings slip
    South Korea's GS Group posts strong 4Q profit, but full-year earnings slip SEOUL, February 10 (AJP) - South Korea’s GS Group reported stronger fourth-quarter earnings on improved refining margins, although full-year profit declined as weakness in petrochemicals and power generation weighed on results. In a regulatory filing on Monday, GS said fourth-quarter revenue rose 1.4 percent from a year earlier to 6.49 trillion won, while operating profit jumped 23.3 percent to 767.2 billion won. For full-year 2025, however, revenue slipped 0.3 percent February 10, 2026
  • The next big chip from Korea – flash successor to HBM: KAIST expert
    The next big chip from Korea – flash successor to HBM: KAIST expert SEOUL, February 10 (AJP) - High-bandwidth memory (HBM) has powered the current AI boom, but soaring costs and capacity limits are shifting attention to what comes next. The next big chip to come from Korea's memory powerhouse will be flash-based successor designed for the inference-heavy phase of AI, according to a chip expert. “Now is the time to move beyond HBM. The era of high-bandwidth flash is coming — and it will unfold within the next decade,” Kim Jung February 10, 2026
  • Hyundai Motor CEO unveils massive Korea, US investment plans
    Hyundai Motor CEO unveils massive Korea, US investment plans SEOUL, February 10 (AJP) - Hyundai Motor plans record investments in South Korea and major spending in North America while seeking renewed growth in emerging markets including India and China, CEO Jose Munoz said in a message to employees. In an internal email sent Monday, Munoz said Hyundai Motor would invest 125.2 trillion won in South Korea over the next five years, marking the company’s largest-ever domestic commitment. The automaker also plans to invest about 35 trill February 10, 2026
  • Robot patrols will begin at Changdeok Palace in Seoul
    Robot patrols will begin at Changdeok Palace in Seoul SEOUL, February 10 (AJP) - South Korea’s Korea Heritage Service will begin a month-long pilot program deploying an autonomous patrol robot at the historic Changdeok Palace in Seoul. The robot, named “Sunrabot,” will begin operations on Feb. 10, conducting nighttime patrols and supporting round-the-clock safety management, the agency said. The name references the sunragun, patrol guards of the Joseon Dynasty who monitored security in and around the royal capital February 10, 2026
  • Hanwha Aerospace, KAI to jointly develop long-range air-to-air missile
    Hanwha Aerospace, KAI to jointly develop long-range air-to-air missile SEOUL, February 10 (AJP) - South Korean defense firms Hanwha Aerospace and Korea Aerospace Industries (KAI) said on Monday they will jointly develop a long-range air-to-air missile and cooperate on overseas marketing to expand exports of South Korean aircraft and air-launched weapons systems. Under a memorandum of understanding they signed a day earlier at the World Defense Show in Riyadh, Saudi Arabia, they will cooperate on integrating air-launched weapons into South Korea&rsq February 10, 2026