Industry

  • Koreas only commercial small-satellite platform firm targets global growth with planned IPO
    Korea's only commercial small-satellite platform firm targets global growth with planned IPO SEOUL, December 02 (AJP) - Nara Space Technology, South Korea’s only commercial provider of small-satellite platforms, is preparing to list on the KOSDAQ market as it seeks to scale its global business on the back of growing demand for earth-observation data. At a press conference in Seoul, Tuesday, CEO Park Jae-pil said the company aims to become a world-class small-satellite developer, leveraging the “space heritage” it has accumulated through successful laun December 2, 2025
  • AJP addresses trust gap in bias-driven news landscape
    AJP addresses trust gap in bias-driven news landscape SEOUL, December 02 (AJP) - The media's role of ensuring fairness and trust has become increasingly vital as audiences and readers grow either selective or evasive in consumption of news, and as societies shift from institution-based to network-driven structures, media veterans and scholars said in a forum hosted by Asian news agency AJP on Tuesday. The forum, held to commemorate AJP's first anniversary, featured Sohn Jie-ae, visiting professor at Ewha Womans University, Park December 2, 2025
  • South Koreas Hanwha Ocean wins $255 million order for two large oil carriers
    South Korea's Hanwha Ocean wins $255 million order for two large oil carriers SEOUL, December 02 (AJP) - Hanwha Ocean said Tuesday it has secured an order for two very-large crude carriers (VLCCs), valued at 375.3 billion won ($255 million). The VLCCs will be built at the company’s Geoje shipyard. Company officials say improved conditions in the international oil market are fueling new orders. Rising production and exports by OPEC members have lifted VLCC freight rates, while the aging of the global tanker fleet is accelerating replacement demand December 2, 2025
  • Korean auto parts firms follow global automakers to pull back from China
    Korean auto parts firms follow global automakers to pull back from China SEOUL, December 02 (AJP) - South Korean auto parts suppliers are taking steps to restructure their supply chains as global automakers scale back operations in China. The rapid shift toward electric vehicles (EVs) in the Chinese market and rising export costs triggered by tariffs are pushing companies to seek new manufacturing bases. According to industry officials, wheel-bearing producer A Corp. earlier this year relocated part of its Jiangsu, China, plant to Gyeongju in sout December 2, 2025
  • CJ CheilJedang strikes retail partnership with Thailands largest store operator
    CJ CheilJedang strikes retail partnership with Thailand's largest store operator SEOUL, December 02 (AJP) - CJ CheilJedang has signed a supply agreement with Thailand’s largest retailer, CP Extra. CP Extra operates more than 2,700 outlets under its Makro wholesale chain and Lotus supermarkets, providing CJ CheilJedang with broad access to Thailand’s mainstream retail channels. The partnership will target increased sales of Bibigo fried noodles, kimchi, dumplings, K-street foods and Korean-style sauces. Makro will handle bulk and B2B-oriented p December 2, 2025
  • Made-in-Korea brands epitomise the rise of Asias integrated value chain
    Made-in-Korea brands epitomise the rise of Asia's integrated value chain SEOUL, December 02 (AJP) - A Samsung Galaxy phone can no longer be described as “made in Korea” in any literal sense. Battery materials mined in Indonesia, memory chips manufactured in Korea, components sourced from Japan and final assembly in Vietnam or India all feed into a device that takes weeks to complete and crosses multiple borders before reaching a consumer. The smartphone illustrates how Samsung Electronics has secured its position at the premium end of the g December 1, 2025
  • LG Electronics named best TV brand in Europe
    LG Electronics named best TV brand in Europe SEOUL, December 01 (AJP) - LG Electronics said on Monday it was selected as best TV brand at the Euroconsumers Awards 2025, an honor determined by expert testing and consumer satisfaction surveys across Europe. The awards are jointly hosted by consumer media outlets from Belgium, Portugal, Spain, Italy and Brazil, all members of ICRT, an alliance of 37 consumer organizations including U.S.-based Consumer Reports and UK-based Which?. This marks the first year the seven-year-old awa December 1, 2025
  • Korean memory makers set to benefit whoever wins in GPU vs TPU
    Korean memory makers set to benefit whoever wins in GPU vs TPU SEOUL, December 01 (AJP) - As Google’s tensor processing unit (TPU) rises as a formidable challenge to Nvidia’s near-monopoly in AI computing, the clearest signals of how the rivalry is unfolding may not be found in the chips themselves, but in the earnings and order books of Korea’s two memory giants: Samsung Electronics and SK hynix. Samsung is said to have supplied more than 60 percent of the high-bandwidth memory (HBM) used in Google’s TPU designs throu December 1, 2025
  • Coupangs meteoric rise meets its most serious stress test yet
    Coupang's meteoric rise meets its most serious stress test yet SEOUL, December 01 (AJP) - Coupang’s latest data leak has renewed scrutiny of the South Korean e-commerce giant, underscoring concerns that its operational systems have not kept pace with its rapid expansion. The company said on Monday that 33.7 million user accounts were affected — an extraordinary figure showing the breach could have affected nearly the country's entire population. The disclosure comes as Coupang remains under pressure over workplace safety fo December 1, 2025
  • Hyundai Motors global sales fall 2.4 percent in November
    Hyundai Motor's global sales fall 2.4 percent in November SEOUL, December 01 (AJP) - Hyundai Motor said on Monday it sold 349,507 vehicles worldwide in November, down 2.4 percent from a year earlier, as both domestic and overseas sales declined. Domestic sales fell 3.4 percent to 61,008 units. Sedan sales totaled 18,099 units, including 6,499 Grandeurs, 5,897 Sonatas, and 5,459 Avantes. Sales of recreational vehicles reached 22,643 units, led by the Palisade with 5,124 units, followed by the Santa Fe (3,947), Tucson (5,384), Kona (2 December 1, 2025