Industry

  • Korea celebrates defense advance and explores sustainability strategy: Aju Defense Forum 25
    Korea celebrates defense advance and explores sustainability strategy: Aju Defense Forum '25 SEOUL, November 20 (AJP) - South Korea’s defense industry is enjoying an unprecedented heyday as demand for self-defense in a nation still technically at war converges with its rapidly advancing technological capabilities. Amid simultaneous military confrontations in Ukraine and the Middle East, Korea’s defense exports have tripled and are likely to easily top 30 trillion won ($20 billion) this year. Yet despite the rediscovery of Korea’s firepower — from tanks to howi November 20, 2025
  • South Koreas HD Hyundai celebrates 5,000th ship delivery
    South Korea's HD Hyundai celebrates 5,000th ship delivery SEOUL, November 19 (AJP) - South Korea’s HD Hyundai has become the world's first shipbuilder in the world to deliver 5,000 vessels. The company commemorated the achievement with a ceremony at its flagship shipyard in Ulsan. HD Hyundai delivered its first vessel — the Atlantic Baron, a 260,000-ton very large crude carrier — in 1974. In the five decades since, it has supplied ships to more than 700 customers across 68 countries. The 5,000th vessel, the Diego Silang, is a 1 November 19, 2025
  • Lee seeks to expand cooperation in high-tech industries with UAE
    Lee seeks to expand cooperation in high-tech industries with UAE SEOUL, November 18 (AJP) - South Korea aims to lay the foundation for a new phase in bilateral relations with the United Arab Emirates (UAE) by expanding cooperation in high-tech and future industries including healthcare, artificial intelligence (AI), and other advanced technologies, President Lee Jae Myung said in an interview with the UAE's English-language newspaper Aletihad. Lee, who is currently in Abu Dhabi before attending the Group of 20 (G20) summit in South Africa later this week November 18, 2025
  • Team Korea lands in UAE to widen defense, energy, high-tech foray
    Team Korea lands in UAE to widen defense, energy, high-tech foray SEOUL, November 18 (AJP) - Team Korea — led by South Korean President Lee Jae Myung and a delegation of top corporate chiefs — arrived Wednesday in the United Arab Emirates to pursue business opportunities in a Middle East rapidly pivoting toward digitalization, high-tech manufacturing, militarization and decarbonization powered by its oil wealth. The two-day UAE visit includes leaders from Korea's industrial backbone: Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Gro November 18, 2025
  • Indian minister pushes shipbuilding cooperation during visit to South Korea
    Indian minister pushes shipbuilding cooperation during visit to South Korea SEOUL, November 17 (AJP) - Shri Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, spent two days in South Korea meeting shipbuilding and shipping leaders as part of India's effort to expand maritime cooperation under the country's Maritime Amrit Kaal Vision 2047. The minister toured the HD Hyundai Heavy Industries shipyard in Ulsan on November 17, calling the visit productive. The shipyard, described by the Indian Embassy as the world's largest, covers 1,6 November 17, 2025
  • Korea-U.S. MoU elevates trade partnership to co-development and related stocks in Seoul
    Korea-U.S. MoU elevates trade partnership to co-development and related stocks in Seoul SEOUL, November 17 (AJP) - Korean shares in chipmaking, utilities, defense, energy infrastructure and shipbuilding climbed 1 to 5 percent on Monday, refueling the KOSPI's run while most Asian markets stayed lethargic on expectations of active cross-border ventures following a newly signed memorandum of understanding between Seoul and Washington that caps months of delayed talks on a broader trade and tariff deal. The electronically signed MoU positions South Korea not merely as a trading pa November 17, 2025
  • US Navy chief tours South Korean shipyards as MASGA project gears up
    US Navy chief tours South Korean shipyards as MASGA project gears up SEOUL, November 16 (AJP) - South Korea's leading shipbuilders, HD Hyundai Heavy Industries and Hanwha Ocean, said Sunday that U.S. Navy Chief Adm. Daryl Caudle visited their shipyards in the southern port cities of Ulsan and Geoje the previous day. His visit, accompanied by Kevin Kim, Chargé d'Affaires ad interim, and other officials, came just a day after South Korea and the U.S. released a joint fact sheet detailing their trade and security agreements, which include Seoul's November 16, 2025
  • South Koreas import prices surge to 9-month high on weak won
    South Korea's import prices surge to 9-month high on weak won SEOUL, November 14 (AJP) - South Korea’s import prices rose in October to their highest level in nine months, pushed up by a sharp depreciation of the won. Export prices climbed even more steeply, reflecting both currency effects and strengthening demand for semiconductors and metals. Data released Friday by the Bank of Korea showed that import prices increased 1.9 percent in October from the previous month, the fastest pace since January, after modest 0.3 percent gains in August and Sep November 14, 2025
  • Leading chip equipment maker ASML sets up major campus in South Korea
    Leading chip equipment maker ASML sets up major campus in South Korea SEOUL, November 12 (AJP) - ASML, the Dutch maker of the world’s most advanced semiconductor manufacturing equipment, has completed construction of a new campus in Hwaseong, Gyeonggi Province. The complex is designed to support South Korea’s leading chipmakers, Samsung Electronics and SK hynix, while strengthening local technical capabilities and supply chain stability. The new site will serve as ASML’s key Asian hub, housing a remanufacturing center for deep ultraviolet (DUV) November 12, 2025
  • Regional dialogue in Seoul seeks stronger security cooperation
    Regional dialogue in Seoul seeks stronger security cooperation SEOUL, November 07 (AJP) - A two-day regional dialogue aimed at strengthening security governance and exploring long-term policy cooperation in East Asia was held in central Seoul from Thursday, bringing together experts and scholars from across the region. Co-hosted by the Seoul-based International Policy Studies Institute (IPSI) and the Geneva Centre for Security Sector Governance (DCAF), the dialogue brought together security scholars, policy experts, and researchers from Taiwan, Japan, Ch November 7, 2025