SK hynix is today's chip profit king, But what next? SEOUL, July 29 (AJP) - SK hynix achieved something no major semiconductor company has done before: it became the world's most profitable chipmaker – albeit with little fanfare. Its record-breaking 76.1 percent operating margin in the second quarter surpassed those of Taiwan Semiconductor Manufacturing Co. (TSMC) and Micron Technology, demonstrating how an early bet on artificial intelligence memory has turned the South Korean company into the industry's earnings powe July 29, 2026

Illegal Chinese fishing boat seizures drop to five-year low in first half SEOUL, July 29 (AJP) - The number of Chinese fishing boats seized for illegal fishing in South Korean waters fell sharply in the first half of this year, as the Korea Coast Guard stepped up enforcement with tougher penalties and special crackdowns. The Korea Coast Guard said Wednesday it seized 21 Chinese fishing boats from January to June, down 43.2 percent from 37 vessels a year earlier. The figure marked the lowest first-half level in five years. Annual seizures of illegal Chi July 29, 2026

SK hynix dismisses AI slowdown concerns with massive capacity expansion plan SEOUL, July 29 (AJP) - SK hynix brushed aside growing concerns over a slowdown in artificial intelligence (AI)-related investment on Wednesday, saying demand from major cloud providers would remain strong beyond next year as it reported record quarterly earnings and unveiled plans to spend nearly 50 trillion won (US$35 billion) on capacity expansion. The world's second-largest memory chipmaker reported a record operating profit of 60.54 trillion won for the April-June quarter, July 29, 2026

Genesis backs Marilyn Monroe short film ahead of Venice premiere SEOUL, July 29 (AJP) - South Korean carmaker Hyundai's luxury brand Genesis is backing a 17-minute short film marking the 100th anniversary of Marilyn Monroe's birth. The project will make its world premiere at the 2026 Venice International Film Festival in September. Genesis said Wednesday that the company played a vital role in the production of "Flesh Impact," by collaborating with Authentic Brands Group, which owns and manages the Marilyn Monroe estate. The f July 29, 2026

Private investment in Korean port projects rises 17.5% in first half SEOUL, July 29 (AJP) - Private investment in South Korea’s port development projects reached 252.3 billion won ($173.44 million) in the first half of this year, up 17.5 percent from a year earlier, the Ministry of Oceans and Fisheries said Monday. The figure came from 78 projects approved by 10 regional oceans and fisheries offices and five local governments, including solar power facilities, logistics facilities and seafood distribution centers. Privately led port developm July 29, 2026

Korea uses more AC, pays less than Japan SEOUL, July 29 (AJP) - South Korea's households crank up their air conditioners more aggressively in summer than those in most advanced economies, yet they shoulder the lowest electricity bills among major nations, industry reports say. Per-capita cooling electricity consumption reached 191.5 kilowatt-hours in 2022, about a quarter of the 766.2 kWh recorded in the United States in 2020 but well above other major economies. The figure ran 1.2 times higher than Japan's 160. July 29, 2026

Krafton unveils voice AI model topping Korean-language benchmarks SEOUL, July 29 (AJP) - South Korean game developer Krafton said it had released a voice artificial-intelligence foundation model, A.X K2 Raon-Speech, on the global platform Hugging Face, deepening its push into the technology it views as central to the future of gaming. The model, announced by Krafton on Wednesday, was developed under a government-led "sovereign AI foundation model" project overseen by the Ministry of Science and ICT, in which Krafton leads next-generation July 29, 2026

Celltrion to unveil obesity, cancer drug data as it pushes beyond biosimilars SEOUL, July 29 (AJP) - Celltrion announced it would release preclinical data for its next-generation obesity candidate this year and begin disclosing early clinical results for its antibody-drug conjugate (ADC) programs from the first half of 2027, as the South Korean drugmaker moves to widen its footing beyond biosimilars into novel therapies. The company, which built its name replicating blockbuster biologics, is now betting that the antibody expertise and global clinical, manufac July 29, 2026

SK hynix rewrites record books, but misses lofty Q2 profit forecasts SEOUL, July 29 (AJP) - SK hynix rewrote the record books in the second quarter as booming demand for artificial intelligence memory chips drove another quarter of historic earnings, though operating profit fell short of lofty market expectations. Operating profit for the April-June period came to 60.54 trillion won, up 61 percent from 37.61 trillion won recorded in the previous quarter. The figure fell short of the market consensus of approximately 64.1 trillion won, accord July 29, 2026

Hanwha Systems posts 219 percent jump in Q2 operating profit SEOUL, July 28 (AJP) - Hanwha Systems reported sharp growth in second-quarter earnings, driven by major defense export programs and domestic weapons production projects, the company said Tuesday. The defense electronics and ICT company posted 1.12 trillion won ($7.7 billion) in consolidated sales for the April-June period, up 45 percent from a year earlier. Operating profit surged 219 percent on-year to 103.7 billion won. Net profit rose 14 percent to 52.7 billion won. Hanwha July 28, 2026