Industry

  • Koreas CJ picks safe site for first U.S. Olive Young store to test offline popularity of K-beauty
    Korea's CJ picks safe site for first U.S. Olive Young store to test offline popularity of K-beauty SEOUL, December 05 (AJP) - CJ is taking a measured approach as it prepares to plant the Olive Young flag in the world’s largest beauty market, selecting Pasadena, California, as the location for its first U.S. store — a choice driven by demographic safety, retail compatibility and the growing appeal of Korean skincare across America’s diverse consumer base. “Pasadena is not far from downtown LA, has a relatively high share of high-income residents and a ret December 5, 2025
  • Quiet flight from Coupang after data breach deepens pain for small vendors
    Quiet flight from Coupang after data breach deepens pain for small vendors SEOUL, December 05 (AJP) - Fallout from Coupang’s massive data breach is widening beyond consumers to tens of thousands of small vendors across South Korea who rely on the e-commerce giant as a primary sales channel and livelihood. The National Assembly Science and ICT Committee has scheduled another hearing on Dec. 17 to examine a growing number of complaints against Coupang, including difficulties in canceling subscriptions or discontinuing platform use. Lawmakers say the sc December 5, 2025
  • Low pay for AI talent is driving skilled workers overseas, BOK warns
    Low pay for AI talent is driving skilled workers overseas, BOK warns SEOUL, December 05 (AJP) - South Korea offers the lowest wage premiums for artificial intelligence specialists among major advanced economies, placing the country at a disadvantage in the global battle for high-tech talent, the Bank of Korea said in a report released Friday. The analysis, presented at a seminar co-hosted with the Korea Chamber of Commerce and Industry, called for upgrading compensation systems and research environments to meet international standards. Using December 5, 2025
  • SKs battery recycling technology published in international journal
    SK's battery recycling technology published in international journal SEOUL, December 05 (AJP) - South Korea's SK Innovation said Friday its lithium iron phosphate (LFP) battery recycling technology has been published in the international journal Separation and Purification Technology. The company said conventional recycling processes for LFP batteries have struggled with environmental and cost burdens, including byproduct treatment and wastewater generation. Its newly developed method uses only water, carbon dioxide and hydrogen peroxide to s December 5, 2025
  • Breakout success of ARC Raiders paves the way for Korean style extraction shooting
    Breakout success of ARC Raiders paves the way for Korean style extraction shooting SEOUL, December 05 (AJP) - Nexon's ARC Raiders has crossed 7 million global sales just over a month after launch, spawning the rise of what industry watchers are calling a new "K-extraction shooter" genre defined by communal play, lower violence and robot-target gun-down. Developed by Nexon subsidiary Embark Studios, ARC Raiders logged 400,000 cumulative sales within two weeks of its Oct. 30 release. Steam concurrency rose from 350,000 in the first weekend to 480,000 b December 5, 2025
  • Coupang sees drop in daily users after massive data breach
    Coupang sees drop in daily users after massive data breach SEOUL, December 5 (AJP) - Coupang, South Korea's leading e-commerce giant, has been seeing a drop in daily users after a massive data breach was detected late last month. According to an analysis by market researcher IGAWorks on Thursday, Coupang's daily active users fell to 17.80 million last Tuesday, down from a record 17.98 million the previous day. This marks the first decline after three consecutive days of increase since last Saturday, despite the breach. With dai December 5, 2025
  • Amazon executive, South Koreas AI officials explore cooperation
    Amazon executive, South Korea's AI officials explore cooperation SEOUL, December 05 (AJP) - South Korea’s AI Strategy Committee said Friday that David Zapolsky, Amazon’s senior vice president for global public policy and legal affairs, has visited the committee's vice chairman, Lim Moon-young, to discuss cooperation on artificial intelligence and cloud infrastructure. During the meeting, Amazon outlined its ongoing investments in AI and cloud services in South Korea and discussed potential collaboration on the government&rsquo December 5, 2025
  • Hancom Lifecare to supply K5 gas masks to Korean military
    Hancom Lifecare to supply K5 gas masks to Korean military SEOUL, December 05 (AJP) - Hancom Lifecare, a safety equipment subsidiary of Hancom Group, said Friday it has secured a major contract to supply gas masks to the South Korean armed forces. The company said it signed a 185 billion won ($13.8 million) agreement with the Defense Acquisition Program Administration to deliver about 80,000 K5 gas masks by 2026. The K5 model, developed between 2010 and 2014, features a single-lens visor for improved visibility and dual filters desig December 5, 2025
  • Kia marks 80th anniversary with pledge to lead future mobility
    Kia marks 80th anniversary with pledge to lead future mobility SEOUL, December 05 (AJP) - Kia President Song Ho-sung pledged to accelerate innovation across electric and purpose-built vehicles as the automaker marked its 80th anniversary on Friday. “We will continue to innovate with various electric and purpose-built vehicle models to become a centennial company,” Song said at a commemorative event held in Yongin, south of Seoul. Reflecting on Kia’s evolution to a global brand, Song credited the company’s resilien December 5, 2025
  • KITA forecasts record exports for South Korea this year
    KITA forecasts record exports for South Korea this year SEOUL, December 05 (AJP) - South Korea's exports are on track to top $700 billion for the first time in history, with the recovery expected to continue into 2026, according to a report released on Dec. 5 by the Korea International Trade Association (KITA). KITA's Institute for International Trade said exports are projected to rise 3.0 percent this year to $704 billion, while imports are expected to slip 0.3 percent to $630 billion. That would leave the country with a tra December 5, 2025