Industry
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Samsung tops US customer satisfaction index for mobile phones
SEOUL, May 22 (AJP) - Samsung Electronics secured the top position in a major U.S. consumer satisfaction survey for mobile phones, slightly ahead of rival Apple Inc.. The South Korean tech firm scored 81 out of 100 in the overall mobile phone category of the 2026 American Customer Satisfaction Index (ACSI) study, which was released on Tuesday. Apple, which shared the top position last year, slipped one point to 80, while Google and Motorola tied for third with 77 points each. T
May 22, 2026
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AJP Focus: Divided Samsung faces critical capex test in the AI era
SEOUL, May 22 (AJP) - Samsung Electronics by March has reclaimed the top position in the global memory oligopoly after falling behind local rival SK hynix in the early race for artificial intelligence infrastructure chips, particularly high bandwidth memory (HBM). But whether the Korean tech giant can maintain that lead during the rest of AI supercycle is becoming increasingly uncertain as the company sinks deeper into internal wage conflict and spiraling compensation costs. At
May 22, 2026
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Samsung Biologics wins court penalty against union strike
SEOUL, May 22 (AJP) - A South Korean court has ordered Samsung Biologics' labor union to pay 20 million won ($13,196) every time it violates an injunction restricting strike action at sensitive bioreactor lines, escalating a legal standoff at the world's largest contract drugmaker. Reports on Friday said the Incheon District Court granted Samsung Biologics' application for indirect compulsion against the union. The ruling reinforces an earlier injunction that bars union
May 22, 2026
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Samyang to court Southeast Asia at Bangkok food fair
SEOUL, May 22 (AJP) - Samyang Foods will showcase its spicy noodle lineup at THAIFEX-Anuga Asia 2026, Asia's largest food and beverage trade fair, as the Korean instant ramen maker pushes deeper into Southeast Asia's fast-growing snack market. The five-day exhibition runs from May 26 to 30 at IMPACT Muang Thong Thani in Bangkok. Now in its 21st year, the fair last year drew about 88,000 visitors from 143 countries and 3,231 exhibitors from 57 nations, according to organizers
May 22, 2026
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Samsung Electronics union start vote on strike-risk wage proposal
SEOUL, May 22 (AJP) - Unionized members of Samsung Electronics on Friday begin vote on whether to accept a tentative wage settlement agreed last week that would create a profit-linked special bonus system and remove the risk of a disruptive strike. The six-day electronic voting window opened at 2 p.m. Friday and will run through 10 a.m. Wednesday. The electorate consists of the 70,850 union members registered as of 2 p.m. on Thursday — a figure that has decreased significant
May 22, 2026
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AJP Watch: Samsung still unpatched as CEO and union plea exposes internal strife
SEOUL, May 21 (AJP) -Samsung Electronics may have pulled back from the brink of an unprecedented general strike with a dramatic last-minute wage agreement, but the company is not yet out of trouble as internal divisions continue to simmer over a bonus structure that many employees say has shattered the sense of balance inside South Korea’s biggest company. The tentative 2026 wage agreement, reached late Wednesday after marathon negotiations involving the labor ministry, still
May 21, 2026
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CJ Olive Young to open first US store in Pasadena next week
SEOUL, May 21 (AJP) - CJ Olive Young is set to open its first U.S. store next week, tapping into the world's largest beauty market. Located on Colorado Boulevard in Pasadena's main shopping district in California, the store is scheduled to open on May 29, along with the launch of its U.S.-only online mall. The South Korean version of America's multi-brand beauty retailer Sephora will carry more than 5,000 beauty products from about 400 health and cosmetics brand
May 21, 2026
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AJP Focus: Samsung strike on hold, but shareholders see a new battle beginning
SEOUL, May 21 (AJP) - The chip lines at Samsung Electronics ran uninterrupted Thursday morning. What had been dreaded as the opening day of an unprecedented 18-day walkout instead turned into relief rally on the market after labor and management reached a last-minute settlement shortly before midnight. Samsung shares surged as much as 7 percent during trading and closed at a fresh record high as markets priced out the immediate risk of production disruption at the world’s
May 21, 2026
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HD Korea Shipbuilding wins $1.2 bln order for 6 ammonia carriers
SEOUL, May 21 (AJP) - HD Korea Shipbuilding & Offshore Engineering said Thursday it has signed a contract with a European shipowner to build six very large ammonia carriers. The deal is worth 1.08 trillion won ($1.2 billion), the intermediate shipbuilding holding company of HD Hyundai said in a regulatory filing. The vessels will be built by HD Hyundai Samho and delivered by the second half of 2029. With the latest order, HD Korea Shipbuilding has secured orders for 104 ve
May 21, 2026
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Hanwha Qcells to supply modules for South Korea's largest solar project
SEOUL, May 21 (AJP) - Hanwha Solutions' Qcells division announced it will supply high-efficiency solar cells and modules for a 400-megawatt solar power project being developed by Korea South-East Power (KOSEP), the largest solar installation ever built on a single site in South Korea. The plant, set to rise across about 4.63 square kilometers of land in Haenam County, South Jeolla Province, is scheduled for completion in June 2028. KOSEP selected a preferred EPC (engineering, pr
May 21, 2026