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  Chinese steel prices hit 8-week low, weighing on South Korean mills SEOUL, February 11 (AJP) - China’s steel prices have fallen to an eight-week low, heightening concerns that South Korea’s steel industry could face mounting pressure amid new European carbon rules and rising domestic electricity costs. Rebar futures slipped below 3,060 yuan ($425) per ton on Monday, their lowest level in two months, according to Trading Economics. The decline comes as Chinese steelmakers scale back production ahead of the extended holiday shutdown, w February 11, 2026
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  South Korea to send submarine to Canadian waters ahead of $41bn bid decision SEOUL, February 10 (AJP) - South Korea will deploy a submarine to Canadian waters in June for its first-ever joint naval exercise with Canada, a high-profile move that coincides with Ottawa’s selection process for a $41 billion next-generation submarine program. According to military sources on Tuesday, the deployment will mark the first time a South Korean submarine operates in Canadian waters. The vessel is scheduled to depart in March and cross the Pacific ahead of the dril February 10, 2026
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  South Korea's GS Group posts strong 4Q profit, but full-year earnings slip SEOUL, February 10 (AJP) - South Korea’s GS Group reported stronger fourth-quarter earnings on improved refining margins, although full-year profit declined as weakness in petrochemicals and power generation weighed on results. In a regulatory filing on Monday, GS said fourth-quarter revenue rose 1.4 percent from a year earlier to 6.49 trillion won, while operating profit jumped 23.3 percent to 767.2 billion won. For full-year 2025, however, revenue slipped 0.3 percent February 10, 2026
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  The next big chip from Korea – flash successor to HBM: KAIST expert SEOUL, February 10 (AJP) - High-bandwidth memory (HBM) has powered the current AI boom, but soaring costs and capacity limits are shifting attention to what comes next. The next big chip to come from Korea's memory powerhouse will be flash-based successor designed for the inference-heavy phase of AI, according to a chip expert. “Now is the time to move beyond HBM. The era of high-bandwidth flash is coming — and it will unfold within the next decade,” Kim Jung February 10, 2026
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  Hyundai Motor CEO unveils massive Korea, US investment plans SEOUL, February 10 (AJP) - Hyundai Motor plans record investments in South Korea and major spending in North America while seeking renewed growth in emerging markets including India and China, CEO Jose Munoz said in a message to employees. In an internal email sent Monday, Munoz said Hyundai Motor would invest 125.2 trillion won in South Korea over the next five years, marking the company’s largest-ever domestic commitment. The automaker also plans to invest about 35 trill February 10, 2026
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  Robot patrols will begin at Changdeok Palace in Seoul SEOUL, February 10 (AJP) - South Korea’s Korea Heritage Service will begin a month-long pilot program deploying an autonomous patrol robot at the historic Changdeok Palace in Seoul. The robot, named “Sunrabot,” will begin operations on Feb. 10, conducting nighttime patrols and supporting round-the-clock safety management, the agency said. The name references the sunragun, patrol guards of the Joseon Dynasty who monitored security in and around the royal capital February 10, 2026
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  Hanwha Aerospace, KAI to jointly develop long-range air-to-air missile SEOUL, February 10 (AJP) - South Korean defense firms Hanwha Aerospace and Korea Aerospace Industries (KAI) said on Monday they will jointly develop a long-range air-to-air missile and cooperate on overseas marketing to expand exports of South Korean aircraft and air-launched weapons systems. Under a memorandum of understanding they signed a day earlier at the World Defense Show in Riyadh, Saudi Arabia, they will cooperate on integrating air-launched weapons into South Korea&rsq February 10, 2026
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  Korean firms post strong sales growth in North America despite US tariffs SEOUL, February 10 (AJP) - Major South Korean companies recorded double-digit growth in North American sales last year despite higher U.S. tariffs, with technology and power equipment firms leading gains, according to corporate data released on Monday. North American revenue at 67 South Korean companies that separately disclose sales results in the region, along with 194 subsidiaries, reached 343.8 trillion won as of the third quarter of last year, up 14.1 percent from 301.2 t February 10, 2026
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  LG Display accelerates shift to OLED with sale of LCD business in Nanjing, China SEOUL, February 10 (AJP) - LG Display said on Monday it will sell its automotive liquid crystal display (LCD) module business in Nanjing, China, as the company accelerates its transition toward higher-margin organic light-emitting diode (OLED) segment. In a regulatory filing, the company said it signed a contract to sell the business to the Nanjing unit of Toprun Total Solution for 491.5 million yuan ($68 million), with the transaction scheduled to close on July 30. LG Displa February 10, 2026
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  Hyosung Heavy wins $538 million power equipment deal in US SEOUL, February 10 (AJP) - South Korea's Hyosung Heavy Industries said on Monday it had secured its largest order to date in the United States. The company signed a contract worth about 787 billion won ($538 million) with a major U.S. transmission grid operator to supply 765-kilovolt ultra-high-voltage transformers, reactors and related equipment. It described the deal as the largest single U.S. project ever won by a South Korean power-equipment manufacturer. Hyosung Heav February 10, 2026