Industry

  • Samsung heir Lee Ji-ho assigned to Navy mine warfare unit as interpreter officer
    Samsung heir Lee Ji-ho assigned to Navy mine warfare unit as interpreter officer SEOUL, January 11 (AJP) -UL — Ensign Lee Ji-ho, the eldest son of Samsung Electronics Chairman Lee Jae-yong, has been assigned to the South Korean Navy’s 5th Mine Countermeasures and Amphibious Operations Flotilla, according to military and industry sources on Saturday. Lee will serve as an interpreter officer in the flotilla’s information and operations staff office. The unit, which operates directly under the Navy Operations Command, specializes in mine w January 11, 2026
  • Koreas instant-noodle exports top $1.5 billion, doubling in three years
    Korea's instant-noodle exports top $1.5 billion, doubling in three years S​​​​EOUL, January 11 (AJP) -South Korea’s ramyeon exports topped US$1.5 billion last year, extending a long-running rise as the product becomes a leading item in the country’s food exports. Preliminary Korea Customs Service data released Sunday showed ramyeon exports rose 21.8 percent from a year earlier to a record US$1.521 billion (about 2.2 trillion won). Exports were US$952 million in 2023, below US$1 billion, but climbed by more than US$500 million i January 11, 2026
  • Musk says Teslas humanoid robot could outperform top surgeons within three years
    Musk says Tesla's humanoid robot could outperform top surgeons within three years SEOUL, January 10 (AJP) - Tesla CEO Elon Musk said humanoid robots could surpass the world’s best human surgeons within three years, arguing that rapid advances in artificial intelligence and robotics will transform healthcare faster than many expect. Musk made the remarks on the “Moonshots” podcast hosted by U.S. physician and engineer Peter Diamandis, outlining his vision for Tesla’s Optimus robot and the future of medical care. “Right now there& January 10, 2026
  • South Koreas second ESS tender nears as Samsung SDI leads and rivals press safety pitch
    South Korea's second ESS tender nears as Samsung SDI leads and rivals press safety pitch SEOUL, January 10 (AJP) - With just three days left until the proposal deadline, South Korea’s major battery makers are stepping up efforts to win contracts in the second round of the country’s centralized energy storage system (ESS) tender, highlighting safety and technology as key selling points. Industry sources said on Friday that LG Energy Solution, Samsung SDI and SK On will all submit bids for the tender, with proposals due by Jan. 12 and final selections expected January 10, 2026
  • Over 150,000 KT subscribers switch to other mobile carriers
    Over 150,000 KT subscribers switch to other mobile carriers SEOUL, January 9 (AJP) - More than 150,000 subscribers of telecom company KT have switched to different mobile service providers, industry sources said on Friday. The massive exodus comes after the country's second-largest mobile carrier began waiving early termination fees following a major data breach detected in September last year. Of some 154,851 users who left KT from Dec. 31 to early this week, 15,701 or 64.7 percent switched to SK Telecom. Another 5,027 joined LG Uplu January 9, 2026
  • In AI-driven infrastructure, the scale of memory demand is unfathomable
    In AI-driven infrastructure, the scale of memory demand is unfathomable SEOUL, January 09 (AJP) - The memory cycle shaping today’s intelligence-driven computing is being defined less by consumer gadgets than by infrastructure — a shift underscored by the latest performance of industry leader Samsung Electronics. The South Korean tech giant reported operating profit of 20.0 trillion won ($14 billion) for the October–December quarter, more than tripling from a year earlier and marking its strongest three-month result on record. Revenue January 9, 2026
  • South Korea targets 2% growth, betting on boosted private consumption
    South Korea targets 2% growth, betting on boosted private consumption SEOUL, January 9 (AJP) - South Korea's economy is forecast to grow 2 percent this year, on the back of rising consumer spending and a recovery in construction investment following a prolonged slump, the government projected at a televised meeting of economic officials at the government complex in central Seoul on Friday It also pledged to make this year the starting point for an "economic leap" and to draw up a master plan for spurring growth and narrowing economic gap January 9, 2026
  • South Koreas overseas construction orders hit highest level in 11 years
    South Korea's overseas construction orders hit highest level in 11 years SEOUL, January 9 (AJP) - South Korea's overseas construction orders hit an 11-year high by shifting away from heavy reliance on the Middle East and diversifying into markets such as Europe, the Ministry of Land, Infrastructure and Transport said on Friday. The ministry said overseas orders totaled $47.27 billion, the highest since 2014 and the first time combined annual orders have exceeded $40 billion since 2015. In the industry's 60-year history, annual orders have exc January 9, 2026
  • UPDATE: Koreas LG Electronics slips into first Q4 loss in a decade despite record 2025 sales
    UPDATE: Korea's LG Electronics slips into first Q4 loss in a decade despite record 2025 sales * Updated with additional information SEOUL, January 09 (AJP) - LG Electronics posted record annual revenue in 2025 but swung to an operating loss in the fourth quarter for the first time in a decade, weighed down by weaker display demand and rising costs tied to higher memory prices and its transition toward AI-driven products. In earnings guidance released Friday, the South Korean home-appliance and consumer electronics maker said consolidated revenue for the full year reache January 9, 2026
  • S. Korean startups urged to rethink global scale-up as a process of repetition and trust
    S. Korean startups urged to rethink global scale-up as a process of repetition and trust LAS VEGAS, January 08 (AJP) - “Global-ready is not about translating slides into English,” one Silicon Valley investor said. “It is about proving demand, again and again.” That message shaped discussions on Korean startups’ global expansion at the AJP Global Innovation Growth Summit 2026 (GIGS 2026), held on Jan. 7 (local time) at the Planet Hollywood Hotel in Las Vegas. Investors stressed that success in overseas markets is determined less by techn January 8, 2026