Softbank sheds $1.6 billion stake in Coupang amid push into AI SEOUL, August 26 (AJP) - SoftBank, the Japanese technology investment giant, has unloaded nearly $1.65 billion worth of shares in Coupang, South Korea’s largest e-commerce platform, as it continues to pare back its holdings in the company. According to a filing with the U.S. Securities and Exchange Commission, SoftBank sold 20 million Coupang shares on Aug. 20 at the New York Stock Exchange, raising about $576.8 million. The sale followed two earlier transactions this yea August 26, 2025

Hyundai Motor to add $5 billion to US investment, bringing total to $26 billion SEOUL, August 26 (AJP) - Hyundai Motor Group said on Tuesday it would commit an additional $5 billion to its U.S. operations, expanding its planned investment through 2028 to $26 billion. The announcement coincided with the South Korea–U.S. summit between Lee Jae Myung and Donald Trump. Hyundai, which had already pledged $21 billion in March, said the new funds would be directed toward steel, automobiles and robotics. Chairman Chung Eui-sun outlined the plan as part of August 26, 2025

Trump pushes arms sales, energy exports to Seoul SEOUL, August 26 (AJP) - U.S. President Donald Trump pressed South Korea on defense spending, energy imports and industrial cooperation during a meeting with South Korean President Lee Jae Myung at the White House on Monday, underscoring his emphasis on weapons sales and American energy exports. Trump, speaking in the Oval Office, cast South Korea as a reliable buyer of U.S. military hardware and suggested that expanding defense sales would be a central focus of the partnership. August 26, 2025

Lee, Trump will strengthen shipbuilding cooperation under 'MASGA' initiative SEOUL, August 26 (AJP) - South Korea’s President Lee Jae Myung and U.S. President Donald Trump and on Monday (local time) pledged to expand cooperation in shipbuilding, with Trump endorsing a sweeping South Korean proposal aimed at reviving America’s long-declining industry. At their first summit meeting at the White House, Trump voiced support for what Seoul has branded the “Make American Shipbuilding Great Again” initiative, or MASGA — a $150 billion August 26, 2025

LocknLock sets up subsidiary in India SEOUL, August 25 (AJP) - LocknLock, the South Korean lifestyle products maker best known for its food storage containers and tumblers, said Monday it has established a subsidiary in India, part of its broader effort to deepen its reach in emerging markets. The Mumbai-based unit will focus on developing products tailored to Indian consumers, including a localized version of the company’s Metro tumbler line, which is marketed on its use of safe materials and minimalist design. August 25, 2025

Hyundai Motor's Ioniq 9 defies slump in global EV sales SEOUL, August 25 (AJP) - Hyundai Motor’s latest electric sport utility vehicle, the Ioniq 9, has sold nearly 15,000 units worldwide in the six months since its debut, the company said Monday. The large SUV, a centerpiece of Hyundai Motor Group’s collaboration with battery maker SK On, recorded 14,391 sales across domestic and international markets through July, the company said. The vehicle was first released in South Korea in February. The performance stands out agai August 25, 2025

[K-Tech] SK hynix begins mass production of next-generation NAND chip with 321 layers SEOUL, August 25 (AJP) - SK hynix said Monday it has started mass production of a 321-layer NAND flash memory chip, a development the company described as a world first in quad-level cell, or QLC, technology. NAND flash, a type of non-volatile memory that retains data even without power, is a critical component in solid-state drives and data centers. QLC technology, which stores four bits of information in a single cell, allows for greater density but typically comes with trade-of August 25, 2025

As US courts Korean investment, Seoul frets over eroding industrial base SEOUL, August 25 (AJP) - South Korea’s biggest manufacturers are pouring billions of dollars into new plants and subsidiaries in the United States, a shift that is raising alarms about the slow erosion of the country’s own industrial base. Driven by Washington’s subsidies and political pressure to “make it in America,” Korean firms have sharply accelerated their investments abroad. Government data show manufacturers invested $1.8 billion in North A August 25, 2025

South Korea revives military service exemptions to keep AI talent at home SEOUL, August 22 (AJP) - South Korea said Friday it would revive a military service exemption program for specialists in artificial intelligence, part of a broader effort to accelerate what officials are calling a national “AI transition” and to prevent the outflow of top talent abroad. The plan, announced in the government’s new economic growth strategy, comes as countries around the world race to secure expertise in artificial intelligence — a field that August 22, 2025

Soaring arms prices, spurred by tariffs, complicate helicopter deal for South Korea SEOUL, August 22 (AJP) - South Korea’s military is moving to acquire a new fleet of heavy-lift helicopters for its special operations forces, but rising costs for American defense systems, exacerbated by tariffs, are emerging as a major challenge. According to defense industry sources, the Defense Acquisition Program Administration (DAPA) initiated a foreign military purchase program on June 25. The project aims to procure new large transport helicopters for both the Army an August 22, 2025