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SK hynix tops Korea's corporate rankings, surpassing Samsung, Hyundai
SEOUL, May 14 (AJP) - SK hynix has emerged as South Korea’s top-performing company, overtaking Samsung Electronics and Hyundai Motor in a prominent annual corporate management evaluation. The memory chip manufacturer claimed the No. 1 position for the first time in six years, earning 622.9 out of a possible 800 points in the latest assessment by CEO Score, a firm that tracks corporate performance. The results were released on Wednesday. Samsung Electronics held steady in
May 14, 2025
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SK Earthon expands resource development in Southeast Asia
SEOUL, May 13 (AJP) - SK Earthon, the energy resource development unit of SK Innovation, is ramping up its presence in Southeast Asia, with Vietnam emerging as a focal point in the company’s ambition to become a global player in oil and gas exploration. The company is pursuing a “clustering strategy” in Vietnam, a country estimated to hold 4.4 billion barrels of oil and gas reserves. The approach echoes SK Earthon’s long-running operations in Peru, where it
May 13, 2025
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Samsung's AI-powered vacuum draws praise from global reviewers
SEOUL, May 13 (AJP) - Samsung Electronics’ latest foray into the premium home appliance market — the Bespoke AI Jet 400W cordless vacuum cleaner — is garnering positive attention from international technology reviewers, many of whom have highlighted the device’s powerful suction, adaptive AI cleaning features, and versatile accessories. Positioned as Samsung’s flagship cordless vacuum model, the Bespoke AI Jet 400W aims to appeal to consumers seeking
May 13, 2025
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South Korea's AI-generated games face regulatory hurdles
SEOUL, May 13 (AJP) - South Korea’s game industry is bracing for heightened regulatory oversight as lawmakers confirm that video games utilizing artificial intelligence will fall under the country’s new Artificial Intelligence Basic Law, set to take effect in January 2026. According to a report released Tuesday by the National Assembly Research Service, games that employ generative AI models are likely to be classified as “AI products,” placing them under a r
May 13, 2025
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Samsung Display unveils next-generation screens at Display Week 2025
SEOUL, May 13 (AJP) - Samsung Display is showcasing a suite of advanced display technologies that reflect the company's growing ambitions in next-generation screen innovation at the annual Display Week 2025 exhibition. The event, which continues from Tuesday through Thursday, features several never-before-seen prototypes and refinements to existing display technologies. Display Week, organized by the Society for Information Display, remains a key showcase for cutting-edge visu
May 13, 2025
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Korea, Malaysia resume FTA talks to close gap in key areas
SEOUL, May 13 (AJP) - South Korea and Malaysia are set to resume negotiations this week in Kuala Lumpur as the two nations seek to advance their bilateral free trade agreement. The talks, scheduled from Tuesday through Thursday, mark the sixth round of negotiations since the process resumed in March 2024. The South Korean delegation is headed by Kwon Hye-jin, the country’s chief trade negotiator from the Ministry of Trade, Industry and Energy. Malaysia’s team is led b
May 13, 2025
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US, China agree to roll back tariffs, pause trade war
SEOUL, May 12 (AJP) - The United States and China announced Monday that they had reached a preliminary agreement to reduce and temporarily suspend a series of reciprocal tariffs, marking a significant step toward de-escalating a trade conflict that has rattled global markets for weeks. Following a weekend of closed-door negotiations in Geneva, U.S. Treasury Secretary Scott Bessent said the two countries had agreed to a 90-day pause on implementing new tariffs, with both sides commit
May 12, 2025
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SK Telecom reports slight dip in profit, reaffirms customer data safeguards
SEOUL, May 12 (AJP) - South Korea’s largest wireless carrier SK Telecom reported a marginal decline in net profit for the first quarter of 2025, as increased corporate taxes offset gains from its expanding artificial intelligence businesses. The company said Monday that net income for the three months ending in March fell 0.1 percent to 361.6 billion won ($258.3 million), compared with 361.9 billion won during the same period a year earlier. The decrease was attributed to hi
May 12, 2025
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OECD warns of slowing growth in South Korea
SEOUL, May 12 (AJP) - South Korea’s potential economic growth is projected to dip below 2 percent next year, according to the Organisation for Economic Cooperation and Development, raising fresh concerns about the long-term health of Asia’s fourth-largest economy. The OECD forecast South Korea’s potential GDP growth rate at 1.98 percent for 2026 — a slight but symbolic decline from this year’s estimate of 2.02 percent. The revision reflects a broader
May 12, 2025
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K-pop festival in Japan becomes business platform for Korean firms
SEOUL, May 12 (AJP) - South Korean companies secured export agreements valued at $9.76 million during business matchmaking sessions held alongside a major K-pop festival in Japan, the Korea Trade-Investment Promotion Agency (KOTRA) said Monday. The business-to-business consultations, organized by KOTRA, took place on May 8 at the Tokyo International Forum, coinciding with KCON Japan, an annual K-pop showcase hosted by entertainment conglomerate CJ ENM. The three-day event featu
May 12, 2025
