Industry
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Korean Economy/Business Calendar
SEOUL, January 30 (AJP) - Feb 2 (Mon) 4Q 2025 & Annual Results - Samsung SDI Feb 3 (Tue) Jan. 2026 Consumer Price Index (CPI) - Ministry of Data and Statistics Feb 4 (Wed) 4Q 2025 Results - Hanwha Ocean Feb 5 (Thu) 4Q 2025 Results - Hanwha Systems Feb 5–6 (Thu–Fri) 4Q 2025 Results - NAVER Feb 6 (Fri) Dec. 2025 Balance of Payments (Preliminary) - Bank of Korea Feb 8 (Sun) 4Q 2025 Results - HD Hyundai Heavy In
January 30, 2026
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Korea's finance minister touts AI, new growth sectors in talks with Moody's
SEOUL, January 30 (AJP) - South Korea’s Deputy Prime Minister and Finance Minister Koo Yun-cheol met with a delegation from Moody’s Investors Service on Friday, outlining the country’s plan to bolster medium- and long-term competitiveness through artificial intelligence and new growth industries. Koo met the Moody's team, which included Anushka Shah, a director overseeing sovereign ratings, at the Government Complex Seoul to discuss recent economic develo
January 30, 2026
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KG Mobility's cumulative sales in Turkey top 50,000 vehicles
SEOUL, January 30 (AJP) - South Korean automaker KG Mobility (KGM) said on Friday that cumulative vehicle sales in Turkey, one of its key export markets, exceeded 50,000 units through last year. The company said it maintained strong momentum through improved product competitiveness and aggressive marketing, exporting 11,122 vehicles to Turkey in 2024 and 13,337 in 2025. Turkey was KGM’s largest export market over the 2024–2025 period and accounted for 19 percent of i
January 30, 2026
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Daewoong Pharma inks $20.5 million Nabota supply contract for Mexico
SEOUL, January 30 (AJP) - South Korea's Daewoong Pharmaceutical has signed a 29.5 billion won ($20.5 million) export contract to supply its botulinum toxin product Nabota to Mexico. With the agreement, Nabota has entered Mexico as well as Brazil, Argentina, Colombia and Chile — the five largest aesthetic and plastic-surgery markets in Latin America, according to the International Society of Aesthetic Plastic Surgery. Daewoong said it has expanded Nabota’s pres
January 30, 2026
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HD Korea Shipbuilding wins order for liquefied CO2 carriers
SEOUL, January 30 (AJP) - HD Korea Shipbuilding & Offshore Engineering said on Friday it has secured an order to build two liquefied carbon dioxide carriers. The company said it recently signed a contract with Japanese shipping company Mitsui O.S.K. Lines, Ltd. to construct two LCO₂ carriers with a cargo capacity of 12,000 cubic meters each. The vessels will be built at HD Hyundai Heavy Industries’ shipyard in Ulsan and delivered to the shipowner in stages by the secon
January 30, 2026
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UPDATE: Korea's factory output strongest in four months in December, slows for full 2025
*Updated with additional information and market response SEOUL, January 30 (AJP) - South Korea’s factory output grew at its fastest pace in four months in December, driven by chip-led exports and a sharp rebound in construction, though growth slowed for full-year 2025 amid prolonged weakness in building activity. Mining and manufacturing production rose 1.7 percent from the previous month, rebounding from two consecutive contractions and accelerating from a 0.8 pe
January 30, 2026
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'Buldak' boom powers Samyang to record revenue, profit
SEOUL, January 30 (AJP) - South Korean noodle company Samyang Foods said it surpassed 2 trillion won in annual revenue for the first time since its founding, doubling sales in just two years on the back of strong overseas demand for its "Buldak" brand. In a regulatory filing on Friday, the company reported preliminary consolidated revenue of 2.35 trillion won for last year, up 36 percent from a year earlier, while operating profit jumped 52 percent to a record 523.9 bi
January 30, 2026
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After conquering beauty front, Olive Young expands to wellness with Gwanghwamun opening
SEOUL, January 29 (AJP) - Best known as South Korea’s dominant K-beauty retailer, Olive Young is opening a new chapter — one that extends beyond cosmetics and into everyday wellness. The company on Thursday unveiled to the media the first flagship store of its new wellness platform, Olive Better, in Gwanghwamun, one of Seoul’s busiest and most symbolic district name recently gaining renewed global fame. The area sits at the heart of the capital, home to govern
January 29, 2026
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LG Chem posts operating loss in Q4 but logs 35% profit jump for 2025
SEOUL, January 29 (AJP) - South Korea's largest chemical company LG Chem swung to an operating loss in the fourth quarter as its petrochemical and battery materials divisions struggled, though full-year operating profit surged 35 percent on improved performance at its energy solutions subsidiary. The company reported a consolidated operating loss of 413.3 billion won ($289.7 million) for the October to December period, reversing from a 680 billion won profit in the prior quarter
January 29, 2026
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Korea's homegrown satellite to fly on NASA's Artemis 2 to study space radiation
SEOUL, January 29 (AJP) - South Korea’s homegrown CubeSat, K-RadCube, will fly aboard NASA’s Artemis 2 crewed moon mission to observe the space radiation environment, marking the first time a South Korean satellite will directly measure the high-energy radiation belts encountered by astronauts. The Korea AeroSpace Administration (KASA) said on Thursday that the satellite will study Earth’s Van Allen radiation belts at multiple altitudes, generating data that c
January 29, 2026