Industry

  • CJ Logistics expands US cold chain network with new Kansas hub
    CJ Logistics expands US cold chain network with new Kansas hub SEOUL, September 28 (AJP) - South Korea's CJ Logistics said Sunday it has opened a new cold chain logistics center in New Century, Kansas. The facility is specifically designed to manage the storage and transport of refrigerated and frozen goods, utilizing specialized temperature control systems to maintain product freshness and quality. The new center's proximity to major highways allows for fast, same-day transport to key Midwestern cities, the company said. The September 28, 2025
  • Emart24 becomes first Korean convenience store in Laos
    Emart24 becomes first Korean convenience store in Laos SEOUL, September 28 (AJP) - South Korean convenience store chain Emart24 announced its entry into the Laotian market, Sunday, becoming the first Korean convenience store brand to establish a presence in the country. The entry follows a strategic franchise agreement with Laos-based conglomerate, Kolao Group. The partnership will see Emart24 convert 50 existing KOK KOK MINI convenience stores, currently operated by Kolao Group, into Emart24 outlets, alongside the opening of new September 28, 2025
  • South Korea, US to hold first working group talks on visa issues this week
    South Korea, US to hold first working group talks on visa issues this week SEOUL, September 28 (AJP) - The first meeting of a working group between South Korea and the United States to address visa issues, which came to prominence after the large-scale detention of South Korean workers by US immigration authorities, is scheduled to take place on Sept. 30 (local time) in Washington D.C., South Korean diplomatic sources said Sunday. The meeting comes 26 days after 317 South Korean nationals were detained while working at the construction site of the Hyunda September 28, 2025
  • Seoul to enshrine right to be forgotten as AI deepfake crimes persist
    Seoul to enshrine 'right to be forgotten' as AI deepfake crimes persist SEOUL, September 26 (AJP) - South Korea is moving to include the "right to be forgotten" as a core privacy protection for youths targeted by deepfake pornography as AI-generated sexual crimes proliferate. The Personal Information Protection Commission this week announced new measures to safeguard personal data in the AI era. These include giving minors the right to demand deletion of online posts made during adolescence and barring individuals with criminal records from se September 26, 2025
  • Naver-Upbit tie-up may fuel Koreas won-pegged stablecoin initiative
    Naver-Upbit tie-up may fuel Korea's won-pegged stablecoin initiative SEOUL, September 26 (AJP) - A tie-up between Korean internet giant Naver and Dunamu, operator of the world’s fourth-largest cryptocurrency exchange Upbit, is widely expected to accelerate the country’s ambition to launch a won-based stablecoin ecosystem. Naver on Thursday confirmed a stock-swap deal with Dunamu is under way, noting that stablecoins are among several ventures under discussion between the two firms, though nothing has been finalized. Analysts see stab September 26, 2025
  • Strong U.S. Data and Trump Remarks push the KRW-USD Above 1,410
    Strong U.S. Data and Trump Remarks push the KRW-USD Above 1,410 SEOUL, September 26 (AJP) - The U.S. dollar shot up above 1,410 won in early Seoul trading Friday for the first time in four months on stronger-than-expected U.S. growth data and renewed jitters over trade prospects after U.S. President Donald Trump stressed that South Korea's $350 billion investment commitment in the U.S. should be made "up front". Fears about the hefty greenback price tag Korea may be forced to bear unsettled the markets. The KOSPI lost 2.1 perce September 26, 2025
  • Koreas BSI eases, but outlook uneasiness persists due to U.S. uncertainty
    Korea's BSI eases, but outlook uneasiness persists due to U.S. uncertainty SEOUL, September 26 (AJP) - South Korean business sentiment eased for the second consecutive month thanks to robust chip exports and consumer spending spurred by government relief program, but uneasiness persisted due to trade uncertainties related to the United States. The Composite Business Survey Index (CBSI) rose 0.6 points to 91.6 from the previous month, sustaining upward movement for the second straight month, according to the Bank of Korea data released Tuesday. In t September 26, 2025
  • K-beauty popularity props up Busans tourism and retail market
    K-beauty popularity props up Busan's tourism and retail market BUSAN, September 25 (AJP) - South Korea’s southern port city of Busan is riding a surge of foreign arrivals as more visitors venture beyond the capital region — and beauty chain Olive Young is reaping the rewards. According to Busan metropolitan authorities, foreign tourist arrivals reached 2.03 million through July, up 23 percent from a year earlier. The influx has delivered a welcome boost to the local retail market. International purchases at Busan Olive Young outlets September 25, 2025
  • HMM races toward net-zero as privatization battle looms
    HMM races toward net-zero as privatization battle looms Editor's Note: This article is the 37th 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 25 (AJP) - South Korea's state-run sea carrier HMM is betting big on clean fuel, digitalized fleet management, and business diversification as it navigates a turbulent freight cycle and an uncertain privatization push. On Sept. 12, HMM signed a 10-ye September 25, 2025
  • Kuwait revives delayed housing project with South Korean partner
    Kuwait revives delayed housing project with South Korean partner SEOUL, September 25 (AJP) - South Korea’s state-run Land and Housing Corporation said Friday that work has resumed on a long-delayed housing development in Kuwait, reviving one of the Middle East’s largest urban projects. The development of Abdullah New City, located about 30 kilometers west of Kuwait City, is designed to provide 43,000 homes across 6.44 million square meters of desert land. The project, which carries an estimated budget of 23.6 trillion won, or ab September 25, 2025