Industry

  • Trumps Taiwan chip big deal reshapes foundry race, puts Korea in strategic bind
    Trump's Taiwan chip 'big deal' reshapes foundry race, puts Korea in strategic bind SEOUL, January 13 (AJP) - After extracting concessions from Japan and South Korea, U.S. President Donald Trump is now pressing another semiconductor powerhouse — Taiwan — using trade leverage to pull advanced chip manufacturing onto U.S. soil. Under an emerging deal, Washington plans to cut tariffs on Taiwanese goods to 15 percent from 20 percent in exchange for a major expansion of Taiwan Semiconductor Manufacturing Co.’s U.S. manufacturing footprint, according January 13, 2026
  • South Koreas Wemade brings new Mir game to China with localized features
    South Korea's Wemade brings new Mir game to China with localized features SEOUL, January 13 (AJP) - South Korean game developer Wemade has officially launched "Mir M," the latest title based on its long-running Mir franchise, in China. The game is available on Android, Apple’s iOS and PC platforms in China, the company said. Mir M is a modern reinterpretation of the world of “The Legend of Mir 2,” Wemade’s flagship title that gained widespread popularity in China in the early 2000s. The new release carries over January 13, 2026
  • Binggrae to merge Haitai, tightening grip on South Koreas ice cream market
    Binggrae to merge Haitai, tightening grip on South Korea's ice cream market SEOUL, January 13 (AJP) - Binggrae said Tuesday it will merge its wholly owned subsidiary, Haitai Ice Cream, into the parent company, a move aimed at improving efficiency and sharpening competitiveness in South Korea’s ice cream market. Binggrae's board has approved the merger plan, under which Binggrae will absorb Haitai Ice Cream, which it has owned outright since 2020. Binggrae plans to hold a final board vote on Feb. 12 and complete the merger on April 1. Since January 13, 2026
  • Samsung courts Gen Z with expanded Galaxy creator program
    Samsung courts Gen Z with expanded Galaxy creator program SEOUL, January 13 (AJP) - Samsung Electronics has launched “Galaxy Crew 2026,” an expanded creator program designed to generate social-media content based on everyday use of its Galaxy devices. The company said Tuesday it held a launch event on Jan. 9, marking the start of roughly a year of planned activities. The program comprises 70 creators spanning 11 categories, including fitness, fashion, gaming, travel, photography, beauty, entertainment and video production. January 13, 2026
  • Korea Zinc to form joint venture with US firm to produce rare earths
    Korea Zinc to form joint venture with US firm to produce rare earths SEOUL, January 13 (AJP) - Korea Zinc said Tuesday it has signed a strategic partnership with U.S.-based Alta Resource Technologies to produce rare earths. The partnership focuses on recycling and refining end-of-life permanent magnets into high-purity rare-earth oxides, materials used in electric vehicles, wind turbines and defense systems, Korea Zinc said in a press release. Under the agreement, the two companies will establish a joint venture in the United States and build January 13, 2026
  • Chinese copycat of Olive Young raises concerns over South Korean brands reputation
    Chinese copycat of Olive Young raises concerns over South Korean brands' reputation SEOUL, January 13 (AJP) - As retail giant CJ's health and beauty chain has become a popular destination for foreign tourists visiting Seoul, a copycat brand has emerged in China, raising concerns about potential damage to the reputation of South Korean beauty products. According to industry watchers on Tuesday, a beauty store called "Only Young," reminiscent of Olive Young, has opened in Changsha, the vibrant capital of China's Hunan Province, and has been January 13, 2026
  • South Korea joins US-led talks on critical minerals
    South Korea joins US-led talks on critical minerals SEOUL, January 13 (AJP) - South Korea’s deputy prime minister and finance minister, Koo Yun-cheol, joined counterparts in Washington on Monday for talks aimed at strengthening cooperation on critical minerals, the ministry said Tuesday. Participants at the meeting of finance ministers agreed on the need for swift action to address risks in the supply of minerals essential to advanced manufacturing, clean energy and defense industries. U.S. officials urged countries to m January 13, 2026
  • SK hynix expands AI chip capacity with new $14 billion plant in Cheongju
    SK hynix expands AI chip capacity with new $14 billion plant in Cheongju SEOUL, January 13 (AJP) - SK hynix will invest about 19 trillion won ($14 billion) to build a new advanced semiconductor packaging plant in Cheongju, North Chungcheong Province, in a move to meet surging global demand for high-bandwidth memory. The South Korean chipmaker said Tuesday that the investment will bolster its next-generation memory competitiveness, particularly in HBM, a critical component for AI data centers, while aligning with the government’s push for more b January 13, 2026
  • Korea Exchange to extend stock trading hours to 12 starting in June
    Korea Exchange to extend stock trading hours to 12 starting in June SEOUL, January 13 (AJP) - The Korea Exchange plans to introduce premarket and after-hours trading starting in June, extending daily stock trading to 12 hours to keep pace with global moves toward near–round-the-clock markets. The exchange currently operates from 9 a.m. to 3:30 p.m. Beginning in June, it aims to double that window. Exchange officials said the move is intended to broaden investor access in line with international standards, referring to long-term ambitions for January 13, 2026
  • South Korea to chair global renewable energy agency
    South Korea to chair global renewable energy agency SEOUL, January 13 (AJP) - South Korea has been selected to chair the next General Assembly of the International Renewable Energy Agency, a role that will place Seoul at the center of global discussions on the expansion of clean energy. The Ministry of Climate, Energy and Environment and the Foreign Ministry said Tuesday that South Korea was designated as chair at IRENA’s 16th Assembly, held Jan. 11–12 in Abu Dhabi, the United Arab Emirates. The chairmanship runs for January 13, 2026