HJ Shipbuilding wins nod from Britain's Lloyd's Register for new LPG, ammonia carrier SEOUL, November 06 (AJP) - South Korea's HJ Shipbuilding said it has received an approval from Lloyd’s Register for the design of its new 45,000-cubic-meter liquefied petroleum gas (LPG) and ammonia carrier. The new design adds to HJ’s lineup, which already includes a 38,000-cubic-meter LPG carrier and an 88,000-cubic-meter ammonia carrier. The approval follows a four-month collaboration launched in July between HJ Shipbuilding and the British classification s November 6, 2025

South Korea's KGM launches eco-friendly cars in Israel, Turkey SEOUL, November 06 (AJP) - South Korea's KGM is stepping up its global expansion drive with the rollout of new eco-friendly vehicles in Israel and Turkey, as the automaker seeks to strengthen its foothold in key overseas markets. On Nov. 5, the company introduced its Torres Hybrid (HEV) at a launch event held at the Shefayim Event Hall near Tel Aviv. The ceremony was attended by KGM’s Head of Overseas Business, Lee Byung-gil, along with about 40 Israeli journalists. November 6, 2025

Asian markets recover early Thursday from AI rout SEOUL, November 06 (AJP) - Asian stocks rebounded Thursday as investors shrugged off a brief scare over stretched valuations in the AI boom. Seoul’s KOSPI gained 1.3 percent to 4,054.56 after a near 3-percent plunge the previous day, while the KOSDAQ edged up 0.25 percent to stay above 900. Retail investors led the recovery, while foreign and domestic institutions continued to take profits after weeks of heavy buying. Hyosung Heavy Industries rose 4.1 percent to 2.3 milli November 6, 2025

Samsung Heavy expands into US shipbuilding market with new partnership SEOUL, November 06 (AJP) - Samsung Heavy Industries said on Thursday that it had signed a strategic partnership agreement with DSEC, a ship design and procurement company, in a move to expand into the U.S. shipbuilding market. DSEC, which works closely with American shipyards in areas such as vessel design, equipment supply, maintenance and technical consulting, is expected to provide a key bridge for Samsung’s entry into the U.S. market. The company’s expertise in U November 6, 2025

Swiss banking delegation visits Toss Bank to explore digital banking in South Korea SEOUL, November 06 (AJP) - A group of senior Swiss banking executives visited Toss Bank’s headquarters in Seoul on Wednesday to study South Korea’s rapidly evolving digital finance ecosystem, the company said Thursday. The 18-member delegation, organized by the Swiss Embassy in Seoul and telecommunications company Swisscom, was welcomed by Toss Bank’s chief executive, Lee Eun-mi, and other senior executives. During the meeting, Toss Bank shared its experie November 6, 2025

Samsung Electronics acquires German heating, air conditioning firm SEOUL, November 06 (AJP) - Samsung Electronics said on Thursday that it had completed its acquisition of FlaktGroup, a German heating, ventilation and air conditioning (HVAC) company, in a move to strengthen its presence in industrial solutions. FlaktGroup, founded more than a century ago, is one of Europe’s largest HVAC companies, supplying central air-conditioning and precision cooling systems for data centers, hospitals and large commercial buildings across more than November 6, 2025

Korean court voids 'Hyundai' trademark held by Puerto Rico-based company SEOUL, November 05 (AJP) - South Korea’s Patent Court has invalidated the “Hyundai” trademark owned by Puerto Rico-based Hyundai Technology, ending a yearslong legal dispute over one of Korea’s most recognizable corporate names. The ruling, handed down in May, resolved a conflict that began in 2020 when Hyundai Technology filed suit over the use of the “Hyundai Connect” trademark. The case drew attention in South Korea’s business communi November 5, 2025

Korea's platform giant Naver reaps best quarterly revenue with AI help SEOUL, November 05 (AJP) - South Korea’s internet platform leader Naver Corp. posted its highest-ever quarterly revenue for the July–September period, powered by broad adoption of artificial intelligence across its businesses. According to the company’s regulatory filing Wednesday, operating profit rose 8.6 percent from a year earlier to 570.6 billion won ($394 million), while revenue jumped 15.6 percent to 3.138 trillion won ($2.17 billion). It is the first time i November 5, 2025

Asian stocks under broad foreign selloff, KOSPI and Nikkei biggest casualties SEOUL, November 05 (AJP) - Asian stocks tumbled across the board on Wednesday, with recent winners in Seoul and Tokyo turning into the day’s biggest losers. South Korea’s benchmark KOSPI closed down 2.85 percent at 4,004.42, barely holding the psychologically important 4,000 level. The index had plunged more than 5 percent in early trading, triggering a sidecar halt. The selloff followed mounting fears of a potential U.S. market bubble after steep losses in Palantir Te November 5, 2025

South Korea begins efforts to spur commercial use of quantum technologies SEOUL, November 05 (AJP) - South Korea’s Ministry of Trade, Industry and Energy on Wednesday launched a team designed to accelerate the transition of quantum technology from laboratory research to industrial application. The so-called K-Quantum Industry Alliance brings together companies, universities, research institutes, and financial organizations in a coordinated effort to strengthen the country’s quantum ecosystem. During a ceremony in Seoul, participants sig November 5, 2025