Industry

  • Samsung teases new flagship chip for Galaxy S26 series
    Samsung teases new flagship chip for Galaxy S26 series SEOUL, December 04 (AJP) - Samsung Electronics on Thursday unveiled its upcoming mobile application processor, Exynos 2600, with a 30-second teaser video posted on its official YouTube channel. The Exynos 2600 is slated to power the next-generation Galaxy S26 series. The chip is reportedly the company’s first to be built with a cutting-edge 2-nanometer process. The teaser opens with the words, “In silence, we listened,” followed by promises that the new chip is “refined December 4, 2025
  • South Koreas Hanwha Ocean wins $255 million order for two large oil carriers
    South Korea's Hanwha Ocean wins $255 million order for two large oil carriers SEOUL, December 02 (AJP) - Hanwha Ocean said Tuesday it has secured an order for two very-large crude carriers (VLCCs), valued at 375.3 billion won ($255 million). The VLCCs will be built at the company’s Geoje shipyard. Company officials say improved conditions in the international oil market are fueling new orders. Rising production and exports by OPEC members have lifted VLCC freight rates, while the aging of the global tanker fleet is accelerating replacement demand. With the latest December 2, 2025
  • South Koreans attempt catchup in AI race between U.S.–China with early-adoption strategy
    South Koreans attempt catchup in AI race between U.S.–China with early-adoption strategy SEOUL, December 02 (AJP) - South Koreans are the world’s second largest paid users of ChatGPT after Americans and six out of ten young employees daily incorporate AI assistance for their tasks, which explains why AI frontier players Nvidia and OpenAI value Korea as a crucial market despite its humble standing between superpowers U.S. and China. Despite its IT advances and heavy R&D spending ratio against GDP, South Korea has not a single domestically developed model to boast, apart fr December 1, 2025
  • South Koreas HD Hyundai consolidates shipbuilding units
    South Korea's HD Hyundai consolidates shipbuilding units SEOUL, December 01 (AJP) - HD Hyundai Heavy Industries and HD Hyundai Mipo Shipbuilding completed their merger on Monday, forming an integrated entity under the name HD Hyundai Heavy Industries as the group seeks to reinforce its position as the world’s largest shipbuilder. The merger, first announced in August, follows a broader consolidation trend in the global shipbuilding sector, with major players in China and Japan also unifying their leading yards. HD Hyundai Heavy said the newly December 1, 2025
  • Sydney roundtable highlights new opportunities for Australia–Korea clean energy ties
    Sydney roundtable highlights new opportunities for Australia–Korea clean energy ties SEOUL, November 28 (AJP) - A roundtable focused on strengthening clean energy partnerships between Australia and Korea was hosted in Sydney last Thursday. Hosted by the Australian Chamber of Commerce in Korea (AustCham Korea) with support from HWLE Lawyers and Elecseed, the event brought together 25 C-suite executives and senior government officials to explore collaboration opportunities across the clean energy sector. Representatives from major organizations including POSCO Australia, LG Ene November 28, 2025
  • UPDATE: Koreas factory output and investment slump Oct on stalled chip activity
    UPDATE: Korea's factory output and investment slump Oct on stalled chip activity SEOUL, November 28 (AJP) - South Korea’s factory output in October shrank at the steepest rate in five years, while facility investment tumbled by double digits — all tied to stalled chip activity — further underscoring the country’s heavy reliance on the semiconductor sector for economic performance, data showed Friday. According to the Ministry of Data and Statistics, mining and manufacturing output fell 4 percent on month, the steepest drop since the 7.5 percent decli November 28, 2025
  • Koreas Oct factory output dips steepest in 5 years on chipmaking cutback
    Korea's Oct factory output dips steepest in 5 years on chipmaking cutback SEOUL, November 28 (AJP) - South Korea’s industrial output shrank at the steepest rate in five years in October on a sharp contraction in semiconductor activity that again underscored the economy’s heavy dependence on chipmaking, government data showed Friday. According to the Ministry of Data and Statistics Industrial Output data, mining and manufacturing output declined 4 percent on month, the steepest drop since 7.5 percent in May 2020, and 8.1 percent on year, the sharpest since November 28, 2025
  • Meet my new partner AI: Korea deploys AI on police and defense front
    Meet my new partner AI: Korea deploys AI on police and defense front SEOUL, November 25 (AJP) - South Korea is rapidly deploying artificial intelligence to reinforce law enforcement, public safety and national defense, accelerating the use of advanced technologies across frontline agencies. Police authorities are increasingly integrating AI into forensics, cold-case investigations and public-safety surveillance, while the Defense Ministry is building a large-scale AI data center equipped with up to 50,000 GPUs to support next-generation defense capabilities. AI November 25, 2025
  • SKs bet on chips pays off as the Korean group eyes $82b milestone exports
    SK's bet on chips pays off as the Korean group eyes $82b milestone exports SEOUL, November 25 (AJP) -Chipmaking — led by high-bandwidth memory (HBM) — accounted for 65 percent of record-setting outbound shipments by South Korea’s SK Group, which is on track to post historic exports of 120 trillion won ($82 billion) this year. Group-wide exports across SK’s portfolio — spanning semiconductors, batteries, energy, and telecommunications — reached 87.8 trillion won between January and September, up nearly 20 percent from a year earlier. November 25, 2025
  • Korean won nears 1,500, reshaping export gains and deepening cost pains across industries
    Korean won nears 1,500, reshaping export gains and deepening cost pains across industries SEOUL, November 24 (AJP) - The Korean won’s slide toward the 1,500-per-dollar mark — a level touched only during crisis periods — is raising alarms for a trade-dependent economy where a cheaper currency now delivers diminishing benefits to exports while magnifying cost burdens for companies with massive U.S. investment plans. According to Bank for International Settlements data, Korea’s real effective exchange rate (REER) fell to 89.09 at the end of October, the lowest s November 24, 2025