Industry

  • Incheon signs MOU with U.S. Kessler Collection for I-CON City project in Cheongna
    Incheon signs MOU with U.S. Kessler Collection for I-CON City project in Cheongna SEOUL, January 21 (AJP) - Incheon City on Wednesday signed a memorandum of understanding with U.S. hospitality company The Kessler Collection and Korea Land and Housing Corporation (LH) to jointly pursue a $1.4 billion culture and tourism complex in Cheongna International City. The agreement was signed at Incheon City Hall by Incheon Mayor Yoo Jeong-bok, Richard C. Kessler, chairman and founder of The Kessler Collection, and Kang Oh-soon, head of LH’s Regional Balanced Develop January 21, 2026
  • Jeju Air bans in-flight use of portable battery packs
    Jeju Air bans in-flight use of portable battery packs SEOUL, January 21 (AJP) - South Korean low-cost carrier Jeju Air said on Wednesday it will ban the use of portable battery packs on board its aircraft starting Jan. 22, citing the risk of lithium-ion battery fires. The measure applies to all passengers on domestic and international flights and prohibits using portable battery packs to charge devices such as mobile phones and tablet computers during flights. Under existing transport ministry guidelines, charging portable batte January 21, 2026
  • Com2uS baseball games top 1 trillion won in cumulative revenue
    Com2uS baseball games top 1 trillion won in cumulative revenue SEOUL, January 21 (AJP) - South Korean game developer Com2uS said on Wednesday that cumulative revenue from its baseball game titles has exceeded 1 trillion won ($750 million). The company attributed the milestone to the expansion of its lineup of officially licensed baseball titles tied to major leagues including the Korea Baseball Organization (KBO) and Major League Baseball (MLB), beginning with the 2015 launch of Com2uS Pro Baseball 3D. Com2uS cited steady growth in user January 21, 2026
  • Hanwha Ocean wins $550 million orders for 2 LNG carriers
    Hanwha Ocean wins $550 million orders for 2 LNG carriers SEOUL, January 21 (AJP) - Hanwha Ocean has secured new liquefied natural gas (LNG) carrier orders, adding to a solid start to the year as the South Korean shipbuilder focuses on high-value vessels. In a regulatory filing on Wednesday, the company said it signed shipbuilding contracts for two LNG carriers with a total value of 738.3 billion won ($550 million). The vessels will be delivered sequentially, though no timetable was disclosed. Including the latest contracts, Hanwha Oc January 21, 2026
  • LG CNS expands AI transformation into pharma, bio sectors with government and private contracts
    LG CNS expands AI transformation into pharma, bio sectors with government and private contracts SEOUL, January 21 (AJP) - South Korean IT services firm LG CNS is accelerating its push into the pharmaceutical and biotechnology sectors, securing a major government contract and completing an AI-powered automation system for drugmaker Chong Kun Dang Pharmaceutical. The company will participate in the Ministry of Health and Welfare's R&D project for clinical and preclinical drug development, a four-year, three-month initiative backed by about 37.1 billion won ($25 million) January 21, 2026
  • Hanwha Ocean taps ex-Canadian Navy officer to lead local subsidiary
    Hanwha Ocean taps ex-Canadian Navy officer to lead local subsidiary SEOUL, January 21 (AJP) - South Korea's Hanwha Ocean has appointed Canadian defense specialist Glenn Copeland to head its local subsidiary as the shipbuilder intensifies its bid for Canada’s Patrol Submarine Project, a program the company said could be worth up to 60 trillion won ($45 billion). Hanwha Ocean has established Hanwha Defense Canada to pursue the contract, and said Copeland’s appointment will allow it to step up engagement with Canadian authorities. January 21, 2026
  • SK Innovation brings KHNP into TerraPower deal to expand global SMR business
    SK Innovation brings KHNP into TerraPower deal to expand global SMR business SEOUL, January 21 (AJP) - SK Innovation said on Wednesday it has sold part of its stake in U.S. small modular reactor (SMR) developer TerraPower to Korea Hydro & Nuclear Power (KHNP), strengthening a three-way partnership aimed at expanding in the global next-generation nuclear power market. The transaction marks the first direct investment by a South Korean state-run energy company in a global SMR developer. Financial terms were not disclosed. TerraPower, founded in 2008 January 21, 2026
  • Samsung Display supplies OLED cockpit, rear screens for Zeekrs flagship SUV
    Samsung Display supplies OLED cockpit, rear screens for Zeekr's flagship SUV SEOUL, January 21 (AJP) - Samsung Display said Wednesday it is supplying three types of automotive OLED displays for the flagship luxury SUV from Chinese electric-vehicle brand Zeekr. The Zeekr 9X has ranked first in China’s large-SUV segment priced at around 500,000 yuan ($70,000) for two consecutive months since November, according to the company. Under the deal, Samsung Display is providing a 16-inch center information display, a 16-inch front passenger display and a January 21, 2026
  • AI memory becomes security concern in Korea as HBM leaks to China rise
    AI memory becomes security concern in Korea as HBM leaks to China rise SEOUL, January 20 (AJP) - High-bandwidth memory (HBM), a critical component powering artificial intelligence chips, is emerging as a national security concern in South Korea as technology leaks involving advanced semiconductors increasingly flow to China amid intensifying global competition in AI. The National Police Agency said industrial espionage investigations last year led to the arrest of 378 suspects, including six detentions, in cases involving advanced technologies such a January 20, 2026
  • K-webtoon exhibition to open in Tokyo to court Japanese readers
    K-webtoon exhibition to open in Tokyo to court Japanese readers SEOUL, January 20 (AJP) - South Korea’s Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency (KOCCA) will -co-host a K-webtoon exhibition in Tokyo aimed at promoting Korean digital comics to Japanese audiences. The event will run from Jan. 30 to Feb. 28 at Gallery MI inside the Korean Cultural Center in Tokyo, the organizers said on Tuesday. The exhibition will feature around 20 major webtoon titles, including 11 winners from the World Webtoon A January 20, 2026