LG's Koo making quiet strides on Nvidia AI front SEOUL, June 22 (AJP) - A full AI ecosystem from data centers to robotics is what a 30-member Team LG delegation is pitching at Nvidia headquarters in Santa Clara, California, led by Koo Kwang-mo, chairman of South Korea's fourth-largest conglomerate, who recently made headlines as the youngest of Korea's top chaebol chiefs to host an unusually casual samgyeopsal-and-soju dinner with Jensen Huang during the Nvidia chief's visit to Seoul earlier this month. The large-sca June 22, 2026

Samsung, Lotte vie for CDMO supremacy as K-bio storms BIO USA SEOUL, June 22 (AJP) - South Korean chips are not the only hot-selling commodities in the United States. Biopharmaceutical heavyweights have descended on the Pacific coast city of San Diego, turning the world's largest biotech gathering into a proving ground for the country's fast-expanding contract manufacturing ambitions. The 2026 BIO International Convention, known as BIO USA, runs from Monday through Thursday at the San Diego Convention Center under the theme "Dr June 22, 2026

Hanwha Aerospace earns highly stable credit rating from S&P SEOUL, June 22 (AJP) - Hanwha Aerospace has received an A- credit rating from S&P Global Ratings, making it the first South Korean defense and aerospace company to reach that level. An A- rating generally indicates a high level of financial stability and reliability and is held by major global defense contractors such as Lockheed Martin and BAE Systems. Hanwha Aerospace expects the rating to help bolster its credibility and competitiveness in overseas bids by puttin June 22, 2026

Kakao Games names co-CEOs as LY takeover takes hold SEOUL, June 22 (AJP) - Kakao Games installed a co-chief executive structure, appointing Line Games veteran Kim Tae-hwan and company insider Lee Si-woo to steer the games publisher into a new chapter under its Japanese backer. The appointments, ratified at an extraordinary shareholders' meeting at the Kakao AI Campus in Yongin, south of Seoul, follow the firm's acquisition by a special purpose vehicle funded by LY, or Line Yahoo, the operator of the Line messenger. Kim spe June 22, 2026

AI hiring spreads across South Korean industries SEOUL, June 22 (AJP) - Job postings seeking artificial intelligence skills in South Korea have surged about 70 percent so far this year, a sign that demand for AI talent is spilling well beyond the technology sector into nearly every corner of the economy, according to recruitment platform Jobkorea. About 15,000 postings carrying the keyword "AI" were registered between January and May, a record high and seven times the 10 percent growth in overall job listings during the June 22, 2026

Samsung Electronics to supply HVAC systems for premium housing project in India SEOUL, June 22 (AJP) - Samsung Electronics will supply air conditioning systems for a premium residential complex in India, as the company seeks to expand its HVAC business beyond commercial buildings into the residential market, the company said on Monday. The South Korean tech giant said it has partnered with Indian real estate developer Central Park to install more than 3,000 units of its residential air conditioning systems across 300 households at "The Orchard," a r June 22, 2026

High-income workers hit record high but wage gaps between industries widen SEOUL, June 22 (AJP) - The number of workers earning at least 5 million won ($3,600) a month reached a record high in the second half of last year. According to data released by the Korean Statistical Information Service (KOSIS) on Monday, some 3.71 million people earned an average monthly wage of at least 5 million won including bonuses and before taxes in the second half of 2024, up 296,000 from a year earlier. They accounted for 16.5 percent of the country's 22.49 million June 22, 2026

When AI talks markets: Three chatbots, one Samsung question, and the $620 bet behind it SEOUL, June 21 (AJP) - The world has always found curious ways to talk about the future. Sometimes the storyteller is a philosopher, sometimes an economist. In 2026, a new narrator has joined them: artificial intelligence. Claude, Gemini and ChatGPT — three large models built by three rival labs — were each handed the same question. A Wall Street analyst has put an 850,000-won target on Samsung Electronics. What to make of it? What stands out is not that the three June 21, 2026

S.Korea seeks site for second spaceport to meet launch demand SEOUL, June 21 (AJP) - South Korea will open a nationwide search for the site of a second spaceport, the country's space agency said, as it prepares for an expected surge in launches driven by reusable rockets. The Korea AeroSpace Administration (KASA) announced Sunday it would invite bids from local governments until August 6 to host the facility, which is intended to support more than 10 reusable-rocket launches a year from the mid-to-late 2030s. The agency aims to complete June 21, 2026

Amorepacific chief's younger daughter weds in private Seoul ceremony SEOUL, June 21 (AJP) - The younger daughter of Suh Kyung-bae, chairman of South Korea's Amorepacific Group, married on Sunday, drawing fresh attention to the cosmetics empire's third-generation succession. Suh Ho-jeong, 30, exchanged vows at 6:30 p.m. at the Shilla Hotel in central Seoul's Jangchung-dong, according to business sources. The groom is an investment and management consultant at a foreign firm who has studied abroad, and the couple were introduced through acq June 21, 2026