Industry

  • Samsung wins national technology award for GDDR7 as AI inference demand grows
    Samsung wins national technology award for GDDR7 as AI inference demand grows SEOUL, December 03 (AJP) - Samsung Electronics’ latest graphics memory was recognized by South Korea’s government as a key technology underpinning the country’s future AI competitiveness, amid growing industry focus on AI inference rather than model training. At the 2025 Korea Tech Festival, hosted by the Ministry of Trade, Industry and Energy at COEX in Seoul on Wednesday, Samsung received the Korea Technology Awards Presidential Prize for its 12-nanometer, 40 g December 3, 2025
  • Korea sees largest monthly stock outflow as foreign funds pivot to bonds
    Korea sees largest monthly stock outflow as foreign funds pivot to bonds SEOUL, December 03 (AJP) - Foreign investors offloaded a net 14.2 trillion won ($9.7 billion) worth of South Korean equities in November, the largest monthly divestment since records began in the 2000s, the International Finance Center (IFC) said in a report on Wednesday. The outflow surpassed the previous highs of 12.9 trillion won logged in March 2020 at the onset of the COVID-19 pandemic and 10.1 trillion won in April this year amid U.S. tariff-related tensions. While foreign December 3, 2025
  • Olive Young a must-visit stop in Korea owe 25% of sales to foreigners
    Olive Young a must-visit stop in Korea owe 25% of sales to foreigners SEOUL, December 03 (AJP) - A quarter of revenue at CJ Olive Young stores across South Korea now comes from foreign customers, whose purchases surpassed the 1 trillion won ($770 million) mark this year in a sharp illustration of K-beauty’s global pull, the beauty franchise said Wednesday. From January through November, spending by foreign nationals at Olive Young’s offline stores nationwide reached the milestone, marking a 26-fold increase from 2022, when Korea’s December 3, 2025
  • HBM4 becomes the new battleground in Nvidia–Google chip war
    HBM4 becomes the new battleground in Nvidia–Google chip war SEOUL, December 03 (AJP) - The real battle between Nvidia’s GPU-led ecosystem and Google’s rapidly expanding tensor processing unit (TPU) platform and the outcome hinges on how quickly and at what scale the world's top memory makers based in South Korea can keep up in the rollout of next-gen high-bandwidth memory dubbed HBM4. Samsung Electronics that had been laggard in the early-stage HBM race is positioned for an unexpected leap as it accelerates the conversions December 3, 2025
  • Tesla tops BMW as No. 1 imported car brand in South Korea
    Tesla tops BMW as No. 1 imported car brand in South Korea SEOUL, December 03 (AJP) - Tesla has overtaken BMW to become the best-selling imported car brand in South Korea, industry data showed on Wednesday. The Korea Automobile Importers & Distributors Association (KAIDA) said new registrations of imported passenger vehicles rose 23.4 percent in November from a year earlier to 29,357 units. Cumulative registrations from January to November climbed 16.3 percent to 278,769 units. Tesla led the monthly tally with 7,632 units, outpac December 3, 2025
  • South Koreas KB Securities opens Mumbai office to tap Indias financial markets
    South Korea's KB Securities opens Mumbai office to tap India's financial markets SEOUL, December 03 (AJP) - South Korea’s KB Securities has formally opened an office in Mumbai, marking its entry into India’s fast-growing financial market. The new office is located in Lower Parel, positioned between Mumbai’s traditional business center of Nariman Point and the Bandra Kurla Complex (BKC), the city’s financial hub. KB Securities said the branch will focus on exploring investment opportunities and strengthening its presence in India&rsquo December 3, 2025
  • Hanwha Aerospace wins second contract for Cheongeom air-to-ground missiles
    Hanwha Aerospace wins second contract for Cheongeom air-to-ground missiles SEOUL, December 03 (AJP) - South Korea’s Hanwha Aerospace said on Wednesday it has signed a second production contract with the Defense Acquisition Program Administration (DAPA) to supply additional Cheongeom air-to-ground missiles, in a deal valued at 225.4 billion won ($170 million). The new order follows an earlier 162.3 billion won contract, bringing total procurement for the program to 387.7 billion won. Deliveries of the missiles and launchers to the South Korean mil December 3, 2025
  • Koreas GDP fared better than expected in Q3, nominal GNI falls on sharp won weakening
    Korea's GDP fared better than expected in Q3, nominal GNI falls on sharp won weakening SEOUL, December 03 (AJP) - South Korea's economy grew faster than earlier estimated on the back of stronger capital investment, but its nominal income declined against a strong dollar, reflecting the Korean won’s status as one of the weakest performers among major traders. According to the Bank of Korea (BOK) on Wednesday, real gross domestic product increased 1.3 percent from the previous quarter — the strongest since the fourth quarter of 2021 — acceleratin December 3, 2025
  • South Koreas Doosan Bobcat files 14 patent suits against US machinery maker Caterpillar
    South Korea's Doosan Bobcat files 14 patent suits against US machinery maker Caterpillar SEOUL, December 03 (AJP) - Doosan Bobcat’s North American unit has filed a series of patent infringement lawsuits against U.S. construction machinery maker Caterpillar. The company said Wednesday it has lodged complaints covering 14 patents with the U.S. District Court for the Eastern District of Texas, the U.S. International Trade Commission, the Unified Patent Court in Europe, and a federal court in Germany. “The patents in this lawsuit protect unique features o December 3, 2025
  • Hanwha Systems plans to develop Koreas first homegrown satellite semiconductor
    Hanwha Systems plans to develop Korea's first homegrown satellite semiconductor SEOUL, December 03 (AJP) - Hanwha Systems has launched development of what it says will be South Korea’s first satellite semiconductor built entirely with domestic technology, marking a major step toward self-reliance in defense-oriented space systems. The company said Wednesday it has signed an agreement with the Defense Technology Promotion Research Institute to co-develop “transceiver space semiconductor technology for (ultra) small-satellite multi-channel beamfor December 3, 2025