Eggs hit by buying limits as South Korean retailers ration supply SEOUL, June 04 (AJP) - South Korea's leading hypermarket chains have capped egg purchases at one carton per customer as prices climb on the back of an avian influenza outbreak, with retailers now weighing the sale of imported eggs for the first time. Emart and Lotte Mart are limiting shoppers to a single 30-egg carton of discounted product through June 10, the retail industry said on Thursday. Both chains are selling their trays as premium domestic grade for about 6,000 won per June 4, 2026

Hanwha Aerospace halts operations at 9 sites for safety inspections SEOUL, June 04 (AJP) - Hanwha Aerospace said Thursday it has suspended operations at nine domestic sites for two days to conduct safety inspections and employee training, following a deadly explosion at its plant in Daejeon. The company said it halted production lines from June 4 to 5, except for some essential processes, under the supervision of each site manager and safety officer. The affected sites include plants in Daejeon, Boeun in North Chungcheong Province and Yeosu in So June 4, 2026

South Korea makes final all-out push for Canada's submarine bid SEOUL, June 2 (AJP) - South Korea is stepping up efforts to win Canada's next-generation submarine procurement project, as Ottawa is expected to select its preferred bidder by the end of June for a deal estimated to be worth US$40 billion. The final race for the Canadian Patrol Submarine Project, or CPSP, has increasingly narrowed into a competition between South Korea's "One Team" bid led by Hanwha Ocean and HD Hyundai Heavy Industries, and Germany's Thyssenkr June 2, 2026

Buzz builds ahead of Nvidia CEO Jensen Huang's Seoul visit SEOUL, June 2 (AJP) - Nvidia CEO Jensen Huang is visiting Seoul this week, and his trip is already generating buzz across local industries and financial markets, with major deals expected across areas including memory chips and artificial intelligence (AI). The excitement follows Huang's announcements Monday at Nvidia's developer conference in Taipei, where he said that the company's next-generation AI chips have entered mass production. "Now in full production June 2, 2026

Samsung Electronics unveils HBM5 roadmap, new cooling tech at Computex SEOUL, June 02 (AJP) - Samsung Electronics on Tuesday showcased a mock-up of its next-generation High Bandwidth Memory 5 (HBM5) chips and introduced a new thermal management technology at the Computex exhibition in Taipei. The South Korean tech giant is moving to secure its position in the expanding artificial intelligence (AI) memory sector, following its recent mass production of HBM4 and sample shipments of HBM4E chips. Song Jae-hyuk, Chief Technology Officer of Samsung&rsqu June 2, 2026

Korea sees 80% of summer crude secured as Mideast war strains supply SEOUL, June 02 (AJP) - South Korea expects to secure most of the crude oil it needs for August by next month, the energy minister said, seeking to quell fears of a supply crunch as the Middle East war drags into its fourth month. Industry Minister Kim Jung-kwan told a cabinet meeting chaired by President Lee Jae Myung that projected August crude volumes were climbing steadily and would reach the mid-80 percent range of normal levels during July, the 95th day of the conflict. Fr June 2, 2026

Samsung Heavy wins $2.8 billion FLNG order in North America SEOUL, June 02 (AJP) - Samsung Heavy Industries announced it has won an order to build one floating liquefied natural gas (FLNG) production unit for a North American client, in a deal worth 4.33 trillion won ($2.85 billion). The South Korean shipbuilder said Tuesday through regulatory filings that construction will begin once the client issues a notice to proceed, with delivery scheduled for July 2030. It did not name the buyer. FLNG units are vast offshore vessels that extract, June 2, 2026

Korean Navy to join RIMPAC, take first command role in multinational maritime exercise SEOUL, June 02 (AJP) - South Korea’s Navy said Monday its Aegis destroyer Jeongjo the Great will depart for the Rim of the Pacific exercise (RIMPAC), marking the first time the service will assume a major command role in the U.S.-led multinational maritime drill. The 8,200-ton destroyer left Jeju Naval Base on Monday and will join the exercise, which will take place in waters off Hawaii from late June through July, according to the Navy. It will be the first RIMPAC particip June 2, 2026

Korea, Canada deepen advanced industry ties with MOUs in defense, space sectors SEOUL, June 02 (AJP) - South Korea and Canada discussed ways to expand cooperation in advanced industries, with companies from the two countries signing three memorandums of understanding in the defense and space sectors, Seoul's industry ministry said Monday. The Korea-Canada Advanced Industry Cooperation Business Roundtable was held at the Park Hyatt Toronto hotel, organized by the Korea Trade-Investment Promotion Agency, or KOTRA, according to the Ministry of Trade, Industry June 2, 2026

NVIDIA, Samsung Display team up to showcase GeForce RTX 50 performance on OLEDs SEOUL, June 02 (AJP) - Samsung Display has partnered with global AI computing leader NVIDIA to showcase a premium OLED gaming experience at COMPUTEX 2026, Asia's largest IT exhibition, which opened today at the Taipei Nangang Exhibition Center. The collaboration features a visual experience zone where visitors can experience vivid game graphics on Samsung OLED and QD-OLED displays optimized for the latest NVIDIA GeForce RTX 50 Series GPUs. The demonstration utilizes PCs equipp June 2, 2026