Industry

  • Homeplus stores fade as Koreas offline retail hunts for a lifeline
    Homeplus stores fade as Korea's offline retail hunts for a lifeline SEOUL, May 20 (AJP) - Finding a grocery item for an impromptu home dinner has become something of a luxury, said Michelle, an expatriate homemaker in her 40s living in Seorae Village, a quiet enclave in southern Seoul that is home to much of Korea’s French community due to its proximity to the country’s only French international school. Apart from a handful of convenience stores, butcher shops and fruit vendors, the neighborhood’s only meaningful grocery option is May 20, 2026
  • Kakao union wins strike mandate as Korean tech labor unrest spreads
    Kakao union wins strike mandate as Korean tech labor unrest spreads SEOUL, May 20 (AJP) - Unionized workers at Kakao and four of its affiliates voted overwhelmingly in favor of industrial action, clearing the way for what would be the first joint strike in the South Korean tech giant's history and adding to a swelling wave of labor unrest sweeping the country's chip and platform industries. The Kakao branch of the Koren Federation of Chemical and Textile, and Food Workers Unions announced Wednesday all five affiliates — Kakao, Kakao Pa May 20, 2026
  • Samsung Live: Seoul presses management and union not to give up on talks
    Samsung Live: Seoul presses management and union not to give up on talks SEOUL, May 20 (AJP) -The South Korean government pressured the management and union of Samsung Electronics not to give up talks to avert a general strike starting Thursday that could rattle the core chip sector sustaining Asia’s fourth-largest economy and one of the world’s hottest stock markets against Gulf war shocks. The presidential office Wednesday expressed “deep regret” after three days of government-mediated wage talks collapsed in Sejong City, while May 20, 2026
  • Samsung Live: Union to launch 18-day strike as planned after marathon talks collapse
    Samsung Live: Union to launch 18-day strike as planned after marathon talks collapse SEJONG, May 20 (AJP) -Samsung Electronics faces an unprecedented 18-day strike from Thursday after the union walked out of government-mediated marathon talks over revisions to the employee reward system at the tech giant whose market valuation has swelled to nearly $1 trillion amid the AI boom. Management and the Korean tech giant’s largest union held three days of talks at a government complex in Sejong under the mediation of the National Labor Relations Commission May 20, 2026
  • Seoul, Washington to launch working group to advance nuclear submarine deal
    Seoul, Washington to launch working group to advance nuclear submarine deal SEOUL, May 20 (AJP) - South Korea and the United States have agreed to launch a bilateral working group to implement security agreements reached at their summit last October, including Washington’s approval for Seoul to build nuclear-powered submarines. U.S. Under Secretary for Political Affairs Allison Hooker is set to visit Seoul within weeks to lead an interagency delegation for the talks. South Korea’s Foreign Ministry said First Vice Foreign Minister Park Yoon-jo May 20, 2026
  • Kia to provide vehicles for FIFA World Cup athletes and officials
    Kia to provide vehicles for FIFA World Cup athletes and officials SEOUL, May 20 (AJP) - Kia will provide more than 600 vehicles for this summer's FIFA World Cup, the automaker said on Wednesday. At an event in Los Angeles the previous day, Kia pledged to supply over 660 vehicles ahead of the quadrennial sporting event, which kicks off in June, as one of the tournament's official sponsors, aiming to broaden its brand exposure in the global market. The vehicles, which included Kia's key models such as the Carnival, K4, Niro, Soren May 20, 2026
  • LG CNS pushes AI-powered smart factory platform into North America
    LG CNS pushes AI-powered smart factory platform into North America SEOUL, May 20 (AJP) - LG CNS announced it has stepped up efforts to expand its artificial intelligence-driven smart factory business in North America, positioning its proprietary Factova platform as a gateway for small and mid-sized manufacturers seeking to automate production lines. The IT services arm of South Korea's LG Group said Wednesday that it was the only Korean firm to exhibit at IoT Tech Expo 2026 in San Jose, California, held from Monday to Tuesday, an event that dra May 20, 2026
  • Samsung Live: Samsung faces D-Day as last-ditch labor talks spilled over into execution eve
    Samsung Live: Samsung faces 'D-Day' as last-ditch labor talks spilled over into execution eve SEOUL, May 20 (AJP) - Samsung Electronics and its largest labor union will head back to the negotiating table on Wednesday morning after grueling, marathon talks failed to reach a breakthrough overnight, leaving the tech giant just hours away from a historic full-scale strike. The closed-door session is scheduled to reconvene at 10 a.m. at the National Labor Relations Commission (NLRC) in Sejong, marking the third round of post-mediation talks. The immediate eve-of-strike meeting May 20, 2026
  • Samsung Live: Govt to mediate if talks fail in settlement by 10 p.m.
    Samsung Live: Govt to mediate if talks fail in settlement by 10 p.m. SEOUL, May 19 (AJP) -The South Korean government is ready to put up its mediation version if Samsung Electronics Co. and its largest labor union fail to reach a wage agreement by 10 p.m. as it endeavors to stop a potentially disruptive strike at the world’s largest memory chipmaker planned for Thursday. "We will see if the management and union come to a settlement by around 10 p.m., and it will be decided whether an agreement is reached or whether a mediation is necessary May 19, 2026
  • ASIA DEEP INSIGHT:  The Curtain has risen on the great U.S.-China AI war
    ASIA DEEP INSIGHT: The Curtain has risen on the great U.S.-China AI war The U.S.-China summit held in Beijing in May 2026 appeared calm on the surface. President Donald Trump and President Xi Jinping projected an image of management rather than confrontation. In the aftermath of the meeting, both sides reiterated the familiar diplomatic line that “dialogue will continue,” and financial markets responded with a measure of cautious relief. Yet the true significance of this summit lay far beyond the choreography of diplomacy. What unfolded in May 19, 2026