Industry

  • POSCO International posts record operating profit in 2025
    POSCO International posts record operating profit in 2025 SEOUL, January 29 (AJP) - POSCO International said on Thursday that its consolidated operating profit rose 4.3 percent in 2025 from a year earlier to a record 1.17 trillion won, supported by stronger results from its energy and food businesses. Revenue edged up to 32.37 trillion won, while net profit climbed 26.5 percent to 636.8 billion won, the company said in a regulatory filing. The company has reported operating profit of more than 1 trillion won for three consecutive ye January 29, 2026
  • Model Solution to Exhibit at MD&M West 2026 in Anaheim
    Model Solution to Exhibit at MD&M West 2026 in Anaheim Model Solution said Wednesday it will take part in Medical Design & Manufacturing West 2026 (MD&M West), a medical-device trade show running Feb. 3-5 in Anaheim, California. MD&M West is North America’s largest specialized exhibition covering medical-device design, manufacturing and engineering. Medtech companies and medical-device manufacturers and supply-chain officials from around the world attend to share technology trends and industry developments. Model Solution is an af January 29, 2026
  • Auction to Shut Down Secondhand Marketplace Service After 25 Years
    Auction to Shut Down Secondhand Marketplace Service After 25 Years Auction’s secondhand marketplace, a service credited with helping shape South Korea’s online used-goods trade, will shut down after 25 years as mobile-first rivals dominate the market. According to the industry on Wednesday, Auction will end both the used-goods section on its website and its used-goods marketplace app starting March 31. New item listings in the app will stop first, on Feb. 26. An Auction official said the company decided to close the service to reassign staff and res January 29, 2026
  • Hyundai Motor Breaks Ground on Immersive Safety Experience Center at Ulsan Plant
    Hyundai Motor Breaks Ground on Immersive Safety Experience Center at Ulsan Plant Hyundai Motor has broken ground on an immersive safety experience center to be built at its Ulsan plant. The automaker said Wednesday it held a groundbreaking ceremony Tuesday at the Ulsan plant with about 200 labor and management representatives in attendance, including Choi Young Il, head of domestic production and chief safety and health officer; Jung Won Dae, vice president in charge of production support; and union leaders Lee Jong Cheol and Lee Chang Min. Set to open in the second h January 29, 2026
  • Hanwha Systems’ AI Smart Warship Design Wins Lloyd’s Register Approval in South Korea First
    Hanwha Systems’ AI Smart Warship Design Wins Lloyd’s Register Approval in South Korea First Hanwha Systems said Wednesday it became the first company in South Korea to receive an approval in principle for a “smart multipurpose combat ship” concept design from Lloyd’s Register (LR), one of the world’s three major classification societies. Lloyd’s Register is considered one of the top three classification societies, along with the American Bureau of Shipping (ABS) and DNV of Norway. It operates naval shipbuilding rules aligned with NATO standards and is widely trusted by naval cus January 29, 2026
  • LS Electric Deploys Smart Outage Management System for Distributed Power Grids
    LS Electric Deploys Smart Outage Management System for Distributed Power Grids LS Electric said it has commercialized a smart distribution solution designed to help manage distributed power grids more reliably, stepping up its push into the fast-growing market. The company said on Jan. 29 that it recently completed installation of its self-developed Outage Management System (OMS) at a district electricity business office in the Hakha district of Yuseong-gu, Daejeon, operated by CNCITY Energy. The OMS digitizes the status and condition of power equipment to support January 29, 2026
  • Samsung defends record results for 2025, but falls behind local rival in chip profitability
    Samsung defends record results for 2025, but falls behind local rival in chip profitability *Updated with additional earnings details and stock quote SEOUL, January 29 (AJP)-Samsung Electronics, South Korea's No. 1 tech behemoth, raked in strong operating income and record sales in the final quarter and full year of 2025, but fell short of expectations and in the memory race versus local rival SK hynix, which shifted faster toward an AI-centric architecture and client base. According to its finalized results disclosed Thursday, for the quarter ended December the com January 29, 2026
  • Hanwha Aerospace seeks Chunmoo rocket launcher deal in Norway
    Hanwha Aerospace seeks Chunmoo rocket launcher deal in Norway SEOUL, January 29 (AJP) - Hanwha Aerospace is emerging as a key contender to supply multiple rocket launchers to Norway, as the Nordic country moves ahead with a roughly $2 billion long-range artillery procurement. Norway’s parliament has given final approval to a plan to acquire a long-range artillery system, local media reported on Wednesday. The proposed deal is estimated to include 16 Chunmoo multiple rocket launchers along with related equipment. Industry officials January 29, 2026
  • Riboncar Says Certified Used-Car Sales Rose 41% in 2025, Led by Hyundai Grandeur
    Riboncar Says Certified Used-Car Sales Rose 41% in 2025, Led by Hyundai Grandeur Riboncar said Thursday that its sales last year rose 41% from the previous year. As sales expanded for key segments such as sport utility vehicles and mini cars, the company said buyers increasingly weighed overall value and practicality for the vehicle class, not just price, when purchasing used cars. The most-selected company-run certified used car among Riboncar customers was Hyundai Motor Co.’s Grandeur. The Grandeur, a leading large sedan in South Korea, is seen as offering proven qu January 29, 2026
  • Nexon to Refund All Purchases for MapleStory Idle After Ability Odds Error
    Nexon to Refund All Purchases for MapleStory Idle After Ability Odds Error Nexon has decided to refund in full all money users spent in the idle game “MapleStory Idle” following a dispute over ability-related probability settings. The company said it is the first time in Nexon’s game-service history that it has moved from a CEO apology to compensation and a full refund over an operations controversy. In a notice posted Tuesday, Nexon said it committed a “serious mistake” by fixing an error that had a “critical impact” on gameplay without notifying users. “Taking January 29, 2026