Industry

  • Health supplements, wellness foods emerging as growth driver in food industry: report
    Health supplements, wellness foods emerging as growth driver in food industry: report SEOUL, December 17 (AJP) - South Korea’s wellness food market is expanding rapidly, with rising competition as more companies enter segments ranging from health supplements to protein foods and low-calorie products, KPMG Samjong Accounting Corp. said in a report, Wednesday. In the report titled “Wellness Food Trends and Business Opportunities,” KPMG Samjong said the market is broadly divided into health supplements, protein foods and so-called “lo December 17, 2025
  • South Koreas LS Eco Energy to expand rare earth metals business in Vietnam
    South Korea's LS Eco Energy to expand rare earth metals business in Vietnam SEOUL, December 17 (AJP) - LS Eco Energy said on Wednesday its board has approved an investment plan to expand its rare earth metals business in Vietnam, as the South Korean firm seeks long-term growth in strategic materials. The investment, valued at about 28.5 billion won ($21 million), will be funded in part through the sale of treasury shares. LS Eco Energy plans to raise approximately 10.7 billion won by selling 297,303 treasury shares to its largest shareholder, LS Cable & December 17, 2025
  • Sejong University MBA program targets finance professionals with no-code AI curriculum
    Sejong University MBA program targets finance professionals with no-code AI curriculum SEOUL, December 16 (AJP) - Sejong University's Graduate School of Business is recruiting students for its AI Finance MBA program starting in spring 2026, offering a curriculum designed for working professionals to analyze financial big data without coding skills. The program uses prompt engineering and no-code data analysis tools to make financial data accessible to non-specialists, according to Lee Soo-joon, a professor leading the AI Finance MBA track at Sejong University December 16, 2025
  • South Korea eyes independent Mars landing by 2045
    South Korea eyes independent Mars landing by 2045 SEOUL, December 16 (AJP) - South Korea’s space agency said on Tuesday it plans to pursue a dual-track strategy to achieve a Mars landing by 2045, combining international cooperation in the near term with the long-term goal of deploying a lander developed entirely with domestic technology. Unveiling its Mars exploration roadmap at a press conference in Seoul, the Korea AeroSpace Administration said it would initially collaborate with SpaceX by using the U.S. company’s December 16, 2025
  • Why Koreas MZs are drifting away from iPhone
    Why Korea's MZs are drifting away from iPhone SEOUL, December 16 (AJP) - The conventional wisdom that iPhone users rarely switch ecosystems is beginning to fray in South Korea, where a small but notable share of Millennials and Gen Z (MZ) consumers are migrating to Samsung’s Galaxy lineup, driven less by price than by everyday usability. Net switching among users in their 20s has reached 11.3 percentage points in favor of Galaxy, according to Counterpoint Research, challenging Apple’s long-held grip on young Korea December 16, 2025
  • Incheon airport chief pushes back on presidents call for cash-smuggling probe
    Incheon airport chief pushes back on president's call for cash-smuggling probe SEOUL, December 16 (AJP) - The head of South Korea’s Incheon International Airport Corporation said on Tuesday that a full investigation into allegations of cash smuggling using books would be virtually impossible, pushing back against an order issued by President Lee Jae Myung. Lee Hak-jae, chief executive of the airport operator, told a press conference in Incheon that searching for $100 bills concealed inside books would be unworkable in practice. “Conducting a December 16, 2025
  • Another turbulent year looms for Koreas petrochemical industry in 2026
    Another turbulent year looms for Korea's petrochemical industry in 2026 Editor's Note: AJP is running a series on the 2026 outlook for South Korea's key industries, based on forecasts compiled by the Korea Chamber of Commerce and Industry (KCCI). The first installment examines petrochemicals. SEOUL, December 16 (AJP) - South Korea's battered petrochemical industry, already deep into streamlining and restructuring, is bracing for another difficult year in 2026, with conditions expected to remain cloudy and rain-soaked, according to an industr December 16, 2025
  • South Koreas Wemade to launch Mir M role-playing game in China
    South Korea's Wemade to launch 'Mir M' role-playing game in China SEOUL, December 16 (AJP) - South Korean game developer Wemade said Tuesday it will officially launch its multiplayer online role-playing game Mir M in China next month, aiming to regain traction in the world’s largest gaming market. In China, the title will be released as Mir M: Twilight Double Dragons, a modern adaptation of Wemade’s long-running hit Legend of Mir 2. Legend of Mir 2 once dominated China’s online gaming market, capturing a 65 percent market December 16, 2025
  • Ferrari selects Samsung Display OLED panels for next-generation vehicles
    Ferrari selects Samsung Display OLED panels for next-generation vehicles SEOUL, December 16 (AJP) - Ferrari will adopt automotive organic light-emitting diode (OLED) panels from Samsung Display for its next-generation vehicles, as the luxury sports carmaker seeks to enhance in-car digital experiences through advanced display technology. The Italian automaker said Tuesday Samsung Display’s panels were selected for their ability to support the innovative designs and form factors required for Ferrari’s future models. “Samsung Displa December 16, 2025
  • Generative AI lowers barriers to cyberattacks as hacking cases jump in South Korea
    Generative AI lowers barriers to cyberattacks as hacking cases jump in South Korea SEOUL, December 16 (AJP) - Hacking crimes in South Korea have surged alongside advances in artificial intelligence, as generative AI tools lower the barriers to launching cyberattacks, according to a report released by the Korean National Police University. The university’s Crime Policy Research Institute said 2,617 hacking cases were recorded between January and September this year, up 30.6 percent from the same period a year earlier. Of those cases, 551 were solved, l December 16, 2025