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  Hyundai Motor vows aggressive capex, share reward program; stock up 7% SEOUL, January 29 (AJP) - Hyundai Motor Company said Thursday it will spend 17.8 trillion won ($12.47 billion) throughout 2026—more than it earned last year—on new-growth areas including robotics, autonomous driving and hydrogen technology, front-loading nearly a quarter of its five-year investment plan into a single year. The South Korean automaker announced a 77.3 trillion won investment plan for 2026–2030 at its CEO Investor Day in New York last September. The 2 January 29, 2026
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  South Korea weighs ownership caps in crypto exchanges under new law SEOUL, January 29 (AJP) - South Korea’s Financial Services Commission (FSC) is again pushing to limit major shareholders’ stakes in cryptocurrency exchanges, arguing the platforms function as public infrastructure as they move into a fully regulated licensing system. The proposal has drawn attention over whether it will be reflected in the Digital Asset Basic Act being prepared by the ruling Democratic Party, as industry groups warn that forcing large shareholders to s January 29, 2026
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  Samsung hosts gala in Washington amid tariff threat from Trump SEOUL, January 29 (AJP) -Samsung Electronics Co. hosted a gala event on Jan. 28 at the Arts and Industries Building in Washington, D.C., in partnership with the Smithsonian’s National Museum of Asian Art, to mark the successful run of Korean Treasures: Collected, Cherished, Shared, the first U.S. exhibition of masterpieces from the late Samsung Chairman Lee Kun-hee’s art collection. Main hosts were the Lee founding family, including Hong Ra-hee, Director Emerita of the January 29, 2026
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  Hyundai Motor bears nearly 40% hit in Q4 income and 20% for 2025 on US tariffs SEOUL, January 29 (AJP) -South Korea's largest automaker Hyundai Motor suffered nearly a 40 percent drop in operating profit in the quarter ended December and about 20 percent for full-year 2025 due to higher tariffs under Donald Trump presidency in its largest export market despite record sales. According to its earnings release on Thursday, consolidated operating profit reached 1.7 trillion won ($1.2 billion), down 33.2 percent from the previous quarter and 40 percent from a January 29, 2026
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  Saudi Air Force commander visits KAI to discuss aerospace, defense cooperation SEOUL, January 29 (AJP) - Korea Aerospace Industries (KAI) said on Thursday that Turki bin Bandar bin Abdulaziz Al Saud, commander of the Royal Saudi Air Force, and his delegation visited the company’s headquarters on Wednesday to discuss potential cooperation in aerospace and defense. KAI said the visit was part of strategic cooperation between the two countries’ air forces and aimed at exploring collaboration to modernize Saudi Arabia’s air power and strength January 29, 2026
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  HD Hyundai chairman attends meeting hosted by India's Prime Minister Modi SEOUL, January 29 (AJP) - HD Hyundai Chairman Chung Ki-sun met with Indian Prime Minister Narendra Modi to discuss ways to expand cooperation in shipbuilding, the South Korean conglomerate said on Thursday. Chung and Kim Hyeong-gwan, chief executive of HD Korea Shipbuilding & Offshore Engineering, attended a roundtable at Modi’s residence in New Delhi on Tuesday at the Indian leader’s invitation, HD Hyundai said. The roundtable, held as part of India Energy We January 29, 2026
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  South Korea unveils quantum roadmap, aims to become top 4 powers by 2035 SEOUL, January 29 (AJP) - South Korea has designated quantum technology as a next-generation national strategic sector and unveiled a broad roadmap to develop technology, infrastructure and talent in parallel. The country aims to become one of the world’s four leading quantum powers by 2035, leveraging strengths in semiconductors and information and communications technology (ICT) infrastructure. The Ministry of Science and ICT announced the country’s first compre January 29, 2026
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  POSCO International posts record operating profit in 2025 SEOUL, January 29 (AJP) - POSCO International said on Thursday that its consolidated operating profit rose 4.3 percent in 2025 from a year earlier to a record 1.17 trillion won, supported by stronger results from its energy and food businesses. Revenue edged up to 32.37 trillion won, while net profit climbed 26.5 percent to 636.8 billion won, the company said in a regulatory filing. The company has reported operating profit of more than 1 trillion won for three consecutive ye January 29, 2026
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  Model Solution to Exhibit at MD&M West 2026 in Anaheim Model Solution said Wednesday it will take part in Medical Design & Manufacturing West 2026 (MD&M West), a medical-device trade show running Feb. 3-5 in Anaheim, California. MD&M West is North America’s largest specialized exhibition covering medical-device design, manufacturing and engineering. Medtech companies and medical-device manufacturers and supply-chain officials from around the world attend to share technology trends and industry developments. Model Solution is an af January 29, 2026
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  Auction to Shut Down Secondhand Marketplace Service After 25 Years Auction’s secondhand marketplace, a service credited with helping shape South Korea’s online used-goods trade, will shut down after 25 years as mobile-first rivals dominate the market. According to the industry on Wednesday, Auction will end both the used-goods section on its website and its used-goods marketplace app starting March 31. New item listings in the app will stop first, on Feb. 26. An Auction official said the company decided to close the service to reassign staff and res January 29, 2026