Industry

  • Koreas Oct exports hit record high for the month, extends 5-mo growth streak
    Korea's Oct exports hit record high for the month, extends 5-mo growth streak SEOUL, November 02 (AJP) - South Korea’s exports extended their growth streak for the fifth consecutive month, rising 3.5 percent on year to $59.57 billion in October – the highest ever for the month – despite fewer working days from the Chuseok holiday thanks to record chip and robust vessel shipments. According to data released Saturday by the Ministry of Trade, Industry and Resources, the trade account posted a $6.06 billion surplus as imports fell 1.5 percent to $53.52 bil November 2, 2025
  • S. Korean economists see signs of rebound, but growth momentum remains fragile
    S. Korean economists see signs of rebound, but growth momentum remains fragile SEOUL, October 29 (AJP) - South Korea’s economy is showing clearer signs of recovery, led by rebounding semiconductor exports and stronger outbound shipments, suggesting that the country may have passed the bottom of the current downturn. According to preliminary data released by the Bank of Korea on Monday, real gross domestic product (GDP) grew 1.2% in the third quarter from the previous quarter, beating market expectations of 1.0%. It marked the fastest quarterly expansion in a year a October 29, 2025
  • Koreas young pharma breed Samsung Biologics and Celltrion bulk up as bottom line holds
    Korea's young pharma breed Samsung Biologics and Celltrion bulk up as bottom line holds SEOUL, October 29 (AJP) - Korea's relatively young pharma heavyweights Samsung Biologics and Celltrion are outgrowing their older peers at home and abroad through aggressive and unconventional expansion. Samsung Biologics, founded in 2011, has scaled up relentlessly and now ranks No. 3 in the global contract development and manufacturing organization (CDMO) market. Within its second Bio Campus in Songdo, Incheon, the Samsung Group unit plans to complete Plants 6 to 8 by 2032, raising total October 29, 2025
  • OPINION: What South Koreas MASGA initiative means for its alliance with US
    OPINION: What South Korea's MASGA initiative means for its alliance with US SEOUL, October 28 (AJP) - South Korea's alliance with the U.S., has long been a cornerstone of security on the Korean Peninsula, combining Washington's extended deterrence with Seoul's defense capabilities to counter North Korea's nuclear threats. But a confluence of new and complex issues is challenging the resilience of the alliance amid a rapidly shifting landscape in Asia and the broader Indo-Pacific region, driven by intensifying rivalry and trade disputes between U.S. and October 28, 2025
  • Hanwha Ocean stock cools after KRX flags overheating amid 11-fold jump in Q3 profit
    Hanwha Ocean stock cools after KRX flags overheating amid 11-fold jump in Q3 profit SEOUL, October 28 (AJP) - Hanwha Ocean’s red-hot rally lost steam Tuesday after the Korea Exchange (KRX) warned of overheating in the shipbuilder’s stock, which has surged more than 20 percent this month on anticipation of blockbuster quarterly earnings. Shares of Hanwha Ocean fell about 5 percent to 132,300 won ($92.16) by midday after the KRX designated the stock as an “issue of investment caution,” citing excessive volatility in price and trading volume. The stock rec October 28, 2025
  • South Korea, Saudi Arabia deepen ties in shipbuilding, automobiles, AI under Vision 2030
    South Korea, Saudi Arabia deepen ties in shipbuilding, automobiles, AI under Vision 2030 SEOUL, October 27 (AJP) - South Korea and Saudi Arabia agreed on Monday to expand cooperation across a range of industries — including shipbuilding, automobiles, and artificial intelligence — as the two nations seek to strengthen ties aligned with Riyadh’s Vision 2030 initiative. Moon Shin-hak, South Korea’s deputy minister of trade, industry and energy, met with Abdullah bin Ali Al-Ahmari, Saudi Arabia’s deputy minister of industry and mineral resources, in Seoul October 27, 2025
  • S.Korean defense expo hits all-time high as global interest surges
    S.Korean defense expo hits all-time high as global interest surges SEOUL, October 26 (AJP) - South Korea’s largest defense and aerospace exhibition wrapped up Sunday after an eight-day run, setting new records for business deals and attendance. The biennial Seoul International Aerospace and Defense Exhibition (ADEX) 2025 drew 600 companies from 35 countries and generated $44.9 billion (64.6 trillion won) in business consultations — a 53 percent rise from 2023, marking a new record. "The surge in consultations reflects growing trust and dema October 26, 2025
  • D-7: Korean Inc. to indulge APEC guests with latest innovations
    D-7: Korean Inc. to indulge APEC guests with latest innovations SEOUL, October 24 (AJP) - A drone gala will light up the night sky and hydrogen-powered limousines will shuttle guests who can try out the world's first tri-fold smartphones. K-Pop Demon Hunters-themed snacks and K-beauty items will be everywhere. All things Korean — now globally adored — will fill the APEC venue in Gyeongju next week as Korean Inc. flaunts its latest innovations and hottest creations. From semiconductor titans to clean-energy pioneers, this year's APEC in K October 24, 2025
  • HD Hyundai merger plan gets shareholders approval
    HD Hyundai merger plan gets shareholders' approval SEOUL, October 23 (AJP) - HD Hyundai Heavy Industries will officially merge with its affiliate HD Hyundai Mipo Dockyard on Dec. 1, following overwhelming shareholder approval on Thursday — a move the company says will sharpen its competitiveness in the global shipbuilding and defense markets. At the respective shareholder meetings, 98.54 percent of HD Hyundai Heavy Industries’ shareholders and 87.56 percent of HD Hyundai Mipo’s shareholders voted in favor of the merger, includ October 23, 2025
  • HOT STOCK: Hanwha Ocean surges on LNG boom, defense tech spotlight
    HOT STOCK: Hanwha Ocean surges on LNG boom, defense tech spotlight SEOUL, October 23 (AJP) - Shares of Hanwha Ocean are sailing full speed ahead, buoyed by a swelling orderbook for liquefied natural gas (LNG) carriers and upbeat earnings expectations. The stock traded 3.7 percent higher at 137,100 won ($95) as of 10:15 a.m. Thursday in Seoul, after soaring nearly 10 percent the previous day. Hanwha Ocean has gained more than 20 percent so far this month, reflecting investor optimism over robust third-quarter results and sustained global demand for LNG carriers October 23, 2025