Industry

  • Except for chips, Korea now a laggard behind China in next-gen industries
    Except for chips, Korea now a laggard behind China in next-gen industries SEOUL, February 25 (AJP) - With the exception of semiconductors, South Korea has slipped into laggard status behind China across most next-generation industries, from robotics and electric vehicles to batteries and autonomous driving, a government-backed report warned Tuesday, underscoring a widening competitiveness gap that is no longer narrowing. A study released by the Korea Institute for Industrial Economics and Trade (KIET) found that China now holds comprehensive value-chain a February 25, 2026
  • Kias Georgia plant tops 5 Million vehicles in cumulative production
    Kia's Georgia plant tops 5 Million vehicles in cumulative production SEOUL, February 25 (AJP) - Kia's American unit in Georgia has reached a cumulative production of 5 million vehicles, the automaker said Tuesday. Production is expected to accelerate further as its West Point plant begins producing the new version of its Telluride SUV, adding the spacious hybrid model to the regular mass-production lineup, alongside assembly lines for midsize Sorento and compact Sportage SUVs. With the start of hybrid production, the plant with an annual cap February 25, 2026
  • Coupang confirms data breach affected 200,000 accounts in Taiwan
    Coupang confirms data breach affected 200,000 accounts in Taiwan SEOUL, February 25 (AJP) - Coupang Inc., the American operator of the biggest ecommerce platform in South Korea, disclosed on Wednesday that a massive data breach involving 33.7 million accounts included approximately 200,000 users located in Taiwan. The e-commerce giant cited a forensic analysis by cybersecurity firm Mandiant, which linked the Taiwanese breach to the same former employee responsible for the unauthorized access of South Korean user data in November 2025. While the February 25, 2026
  • Chipflation (1): Korean memory makers seize pricing power in AI boom
    Chipflation (1): Korean memory makers seize pricing power in AI boom Editor’s note: This is the first installment in AJP’s Chipflation series, which examines how explosive demand for artificial intelligence and South Korea’s dominance in memory chips are triggering a ripple effect of price hikes across the global tech supply chain — from Silicon Valley data centers to everyday consumer electronics. This installment looks at how Korean memory makers have gained the upper hand in price-setting. SEOUL, February 24 (AJP) - South February 24, 2026
  • Seoul opts for antidumping duties on Chinese, Japanese steel for industry relief
    Seoul opts for antidumping duties on Chinese, Japanese steel for industry relief SEOUL, February 24 (AJP) - South Korea's shipbuilders enjoy heyday on robust orders and backlog, but they had limited trickle-down effect on steelmakers at home as they struggled with the flood of cheaper Chinese and Japanese imports. The government stepped in for relief as the industry undergoes stringent cost-saving streamlining to survive a global glut, a protectionist environment and the U.S. 50-percent tariff on steel imports. On Monday, it warned of antidumping duties o February 24, 2026
  • For 2026 rematch with Apple, Samsung fields AI photo studio for short-form gen
    For 2026 rematch with Apple, Samsung fields AI photo studio for short-form gen SEOUL, February 23 (AJP) - Familiar scenes were repeated at the 2026 Milan–Cortina Winter Olympics: medalists capturing once-in-a-lifetime moments by flipping open pocket-sized Samsung phones. Despite strong sales of its foldable fleet, Samsung Electronics lost its decade-long position as the world’s top smartphone vendor last year to Apple, buoyed by the popularity of the iPhone 17 lineup. Samsung readies a rematch with the unveiling of its flagship Galaxy S26 seri February 23, 2026
  • Korean shipbuilders mull local and robotic options instead of foreign hires
    Korean shipbuilders mull local and robotic options instead of foreign hires SEOUL, February 23 (AJP) - Two out of every 10 workers at shipyards across South Korea are foreigners, but major builders are increasingly looking to scale back overseas hiring by expanding domestic recruitment and accelerating automation, industry officials said. Leading the shift is HD Hyundai, the world's largest shipbuilder by order backlog, which plans to prioritize replacing departing foreign workers with Korean nationals as labor contracts expire. As of the end of 2025 February 23, 2026
  • Hyundai to invest over $90 bn through 2030 to build robotics ecosystem in Korea
    Hyundai to invest over $90 bn through 2030 to build robotics ecosystem in Korea SEOUL, February 22 (AJP) -Hyundai Motor Group said Sunday it will invest a record 125.2 trillion won ($93 billion) in South Korea from 2026 to 2030 under a more aggressive and detailed robotics and physical artificial intelligence roadmap unveiled last month after the high-profile debut of its industrial and humanoid robot lineup at a major global technology exhibition. The five-year domestic investment plan marks the largest in the group’s history and reflects Hyundai&rsquo February 22, 2026
  • INTERVIEW: Formosa Chairman Sandy Wang emphasizes long-term research partnership with KAIST
    INTERVIEW: Formosa Chairman Sandy Wang emphasizes long-term research partnership with KAIST SEOUL, February 22 (AJP) - Wang Ruey-yu, known by her English name Sandy Wang, described the establishment of the KAIST-Formosa Biomedical Research Center as a foundational step in a rare cross-border collaboration between Taiwanese industry and South Korean academia. Speaking in an interview with AJP on February 22, Wang, an executive member of the Formosa Group and chairperson of Formosa Bio, characterized the partnership as a "first seed" for future cooperation. &q February 22, 2026
  • SK chair sees profit from memory sales topping $100bn amid AI boom, wary of volatility
    SK chair sees profit from memory sales topping $100bn amid AI boom, wary of volatility SEOUL, February 22 (AJP) -The surging demand for artificial intelligence infrastructure could push operating profit at SK hynix beyond $100 billion in the near term, but the chip operation is equally at risk of an unprecedented volatility, said Chey Tae-won, chairman of SK Group. Speaking at the Trans-Pacific Dialogue (TPD) 2026 held Feb. 20–21 at the Salamander Washington DC, Chey said AI is fundamentally transforming industrial structures worldwide. The Trans-Pacific February 22, 2026