Industry
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Navy tests humanoid robot at ship's wheel in first crew experiment
SEOUL, July 24 (AJP) - South Korea’s Navy has tested a humanoid robot as a ship crew member for the first time, putting the machine at the wheel inside a bridge simulator as part of efforts to reduce sailors’ workload and prepare for a shrinking pool of military personnel. The Navy said Friday that the experiment was conducted Wednesday at the Naval Education and Training Command’s ship-handling training facility in Changwon, South Gyeongsang Province, in coopera
July 24, 2026
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Hyundai Mobis posts record Q2 profit
SEOUL, July 24 (AJP) - Hyundai Mobis announced that its second-quarter operating profit climbed 12.1 percent from a year earlier to 975.2 billion won ($665.7 million), as brisk sales of high-margin electronics components and a resilient after-sales parts business carried the auto parts maker. According to preliminary regulatory filings released Friday, revenue rose 2.4 percent to 16.32 trillion won, while net profit advanced 13.5 percent to 1.06 trillion won. Measured against the fi
July 24, 2026
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Hyundai Rotem, Hanwha vie for military robot dog project
SEOUL, July 24 (AJP) - South Korea’s military is moving to acquire quadruped robots, setting the stage for another competition between Hyundai Rotem and Hanwha Aerospace in the country’s growing military robotics market. According to the Defense Acquisition Program Administration and industry sources Friday, the military is preparing to draw up a purchase plan in September for the quadruped robot project, with a contractor expected to be selected through open bidding ear
July 24, 2026
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Kolon TissueGene extends slide as trial miss guts valuation
SEOUL, July 24 (AJP) - Shares in Kolon TissueGene fell for a sixth consecutive session on Friday, extending a rout that has erased about three-quarters of the biotech firm's market value in a single week after its osteoarthritis gene therapy failed to outperform a placebo in a late-stage U.S. trial. The stock traded at 15,620 won as of 10:04 a.m. on the tech-heavy KOSDAQ, down 5,430 won, or 25.94 percent from the previous close. The shares had already hit the daily limit-down
July 24, 2026
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Hyundai flags Europe drag as sales target comes under pressure
SEOUL, July 23 (AJP) -Shares of Hyundai Motor have nearly halved from their June peak entering the second half, and the automaker on Thursday signaled its annual sales target could come under pressure as weak European demand offsets resilient profitability. South Korea's largest automaker reported an operating profit of 2.851 trillion won ($1.94 billion) for the April-June period, down 20.8 percent from a year earlier, even as revenue rose 1.9 percent to a record 49.21
July 23, 2026
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Chinese shipbuilder delivers world's first solar-powered carrier to Korea
SEOUL, July 23 (AJP) - A Chinese shipbuilder has delivered what it says is the world’s first 10,000-car-class vehicle carrier equipped with a solar power system to South Korea, Chinese state media reported Thursday. Guangzhou Shipyard International (GSI) recently held an online signing ceremony with China Shipbuilding Trading Co. to deliver the vessel to Korea Ocean Business Corp. (KOBC), according to Chinese media outlets including the Global Times. The vessel is a liquefi
July 23, 2026
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Samsung union weighs voluntary donation of bonus to social causes
SEOUL, July 23 (AJP) - Samsung Electronics' largest labor union is considering a voluntary program allowing employees to donate a portion of their special performance bonuses to social causes, according to an internal union notice. The Samsung Group Super Enterprise Labor Union said the proposal, which was recently shared with its policy committee, is expected to be announced alongside guidance on special bonuses in the third or fourth quarter. Under the proposal, emplo
July 23, 2026
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Korea Coast Guard trains pilots to ease shortage
SEOUL, July 23 (AJP) - The Korea Coast Guard has produced its first group of helicopter pilots through an in-house training program, part of an effort to address a chronic shortage of aviation personnel that has strained maritime rescue and patrol operations. The KCG held a graduation ceremony for the first class of its helicopter pilot training program at Hanseo University’s Taean campus on Thursday. The four graduates — Inspectors Kim Gyu-beom and Cho Hee-young, and
July 23, 2026
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S. Korea cracks down on 26 firms over false diet food ads
SEOUL, July 23 (AJP) - South Korea's Ministry of Food and Drug Safety said it had referred 26 companies for administrative penalties and filed criminal complaints against them for marketing diet products with false or exaggerated claims, in a scheme that moved about 600,000 units worth 11.5 billion won. The companies promoted 30 products, only eight of which were licensed as health functional foods, the ministry said at a briefing on Thursday. The remaining 22 were ordinary food
July 23, 2026
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Samsung, Hyundai chiefs join Nvidia-led global AI forum advisory board
SEOUL, July 23 (AJP) - Samsung Electronics chairman Lee Jae-yong and Hyundai Motor Group chairman Chung Eui-sun have joined the advisory board of a global artificial intelligence (AI) forum led by Nvidia CEO Jensen Huang, U.S. digital media outlet Semafor reported on Wednesday. Along with more than 40 industry leaders including Amazon CEO Andy Jassy, Sony Group CEO Hiroki Totoki, and Citigroup CEO Jane Fraser, Lee and Chung were named to the advisory board for the inaugural
July 23, 2026