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  KT advances quantum internet push with enhanced encryption system SEOUL, February 03 (AJP) - South Korean telecom operator KT said Tuesday it has developed a quantum key distribution (QKD) device capable of generating 300,000 encryption keys per second, or 300 kilobits per second (kbps). The system is designed to prevent eavesdropping on physical communication lines by using quantum-mechanical properties that make encryption keys impossible to copy with current technology, the company said. KT previously developed a 150 kbps system in 2024 an February 3, 2026
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  Hyundai Steel produces lower-carbon steel sheet for Hyundai Motor, Kia SEOUL, February 03 (AJP) - Hyundai Steel said Monday it has begun mass production of lower-carbon steel sheet that reduces carbon emissions by about 20 percent compared with conventional blast-furnace products, marking a key step in the company’s transition toward greener steelmaking. The company said it conducted extensive pre-verification work to stabilize operations and secure product quality ahead of launching its electric arc furnace–blast furnace hybrid product February 3, 2026
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  LG Chem moves to halt Chinese firm's operations in Korea over cathode patent dispute SEOUL, February 03 (AJP) - LG Chem has filed for a court injunction against JaeSe Energy, the South Korean subsidiary of Chinese cathode materials producer Ronbay, seeking to halt alleged patent infringement, industry sources said Monday. If granted, the injunction could effectively suspend JaeSe Energy’s domestic operations, which have annual production capacity of 70,000 tons. According to the sources, LG Chem submitted the injunction request on Jan. 16. JaeSe Energy February 3, 2026
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  Celltrion seeks nod from Europe and Korea for Herceptin biosimilar SC formulation SEOUL, February 03 (AJP) -South Korea's biosimilar giant Celltrion said it has successfully completed the pivotal regulatory clinical trial for Herzuma SC (CT-P6 SC), a subcutaneous formulation of its breast cancer biosimilar trastuzumab, and plans to submit marketing authorization applications in Europe and South Korea within the next three months. In a press release on Monday, the company said the trial met its primary endpoint, demonstrating pharmacokinetic equivalence to the February 3, 2026
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  Why Korean rockets are finding buyers on Russia's European doorstep SEOUL, February 02 (AJP) - Norway’s decision to select South Korea’s Chunmoo multiple launch rocket system (MLRS) for its Long Range Precision Fire System (LRPFS) program reflects a broader recalibration under way among European and NATO militaries bordering Russia — one shaped less by brand loyalty than by timelines, industrial resilience and operational flexibility. The contract, signed by the Norwegian Defence Materiel Agency with Hanwha Aerospace, covers 16 Chu February 2, 2026
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  Krafton bridges PUBG universe with Korean traditional crafts SEOUL, February 02 (AJP) - Krafton unveiled Monday a collection merging its flagship battle royale IP "PUBG: Battlegrounds" with traditional Korean craftsmanship through a state-led cultural initiative. The project, hosted by the Ministry of Culture, Sports and Tourism and managed by the Korea Craft & Design Foundation, aims to reimagine traditional assets within modern industries. Design studio Superposition reinterpreted the game's iconic "Blue Zone" February 2, 2026
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  Hyundai Motor Group drops buyback option for Russian plant SEOUL, February 02 (AJP) - Hyundai Motor Group has decided not to exercise an option to repurchase its former manufacturing plant in Russia, effectively confirming its exit from the Russian market. It will only maintain support services for existing customers, according to industry sources on Monday. The group allowed the buyback option for the St. Petersburg facility to expire at the end of last month, choosing not to reacquire the plant. Hyundai Motor Group sold its enti February 2, 2026
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  ASML's ambitious revenue target raise capacity upgrade room for memory chipmakers in AI heyday SEOUL, February 02 (AJP) - ASML’s ambitious revenue target signals greater room for scaling and production ramp-ups among chipmakers including Samsung Electronics and SK hynix, which together supply roughly 80 percent of the memory used in AI accelerators and hyperscale data centers. The outlook follows stronger-than-expected 2025 earnings from ASML, which reported total net sales of €32.7 billion ($38.8 billion), while fourth-quarter net bookings surged to €13.16 February 2, 2026
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  Samsung SDI swings to operating loss in 2025 on weak EV demand SEOUL, February 02 (AJP) - Samsung SDI swung to an operating loss in 2025 as a prolonged slowdown in electric-vehicle demand and shifting policy conditions in the United States and Europe weighed on performance, the battery maker said on Monday. In a regulatory filing, the company reported an operating loss of 1.72 trillion won for the year, reversing an operating profit of 363.3 billion won in 2024. Revenue fell 20 percent to 13.27 trillion won from 16.6 trillion won a year ear February 2, 2026
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  Hanwha Ocean hosts Canadian officials as submarine bid advances SEOUL, February 02 (AJP) - A Canadian business and government delegation led by Stephen Fuhr, Canada’s minister of state for defense procurement, visited Hanwha Ocean’s shipyard in Geoje on Monday as Ottawa advances plans for its Canadian Patrol Submarine Project (CPSP). Fuhr, who oversees procurement for the program estimated at about 60 trillion won, toured Hanwha Ocean’s assembly facilities with roughly 30 Canadian government and industry representatives, re February 2, 2026