Industry

  • 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
  • Coupang may face fines of up to $1 bn if negligence is tied to data theft
    Coupang may face fines of up to $1 bn if negligence is tied to data theft SEOUL, December 01 (AJP) - South Korea’s largest e-commerce platform Coupang faces a wave of criminal and civil lawsuits, alongside potential fines that could exceed $1 billion, if authorities confirm corporate negligence in the massive data theft allegedly carried out by a former employee of Chinese nationality. Under the Personal Information Protection Act, strengthened in 2023, regulators may impose penalties of up to 3 percent of annual revenue for data-protection violatio December 1, 2025
  • Kias November sales drop 0.8 percent year-on-year to 262,065 units
    Kia's November sales drop 0.8 percent year-on-year to 262,065 units SEOUL, December 01 (AJP) - Kia said on Monday it sold 262,065 vehicles worldwide in November, down 0.8 percent from a year earlier, as both domestic and overseas sales edged lower. The Sportage remained the company’s best-selling model with 49,351 units, followed by the Sorento at 25,282 and the Seltos at 22,293. In South Korea, sales declined 1.6 percent to 47,256 units. The Sorento led the domestic market with 10,047 units. Overseas sales also dipped 0.8 percent to December 1, 2025
  • Coupang theft set to become Koreas worst data crisis raises sober reckoning on cybersecurity
    Coupang theft set to become Korea's worst data crisis raises sober reckoning on cybersecurity SEOUL, December 01 (AJP) - Korea — a society whose everyday routines run almost entirely online — is grappling with its biggest data crisis to date after e-commerce giant Coupang confirmed that information linked to nearly all of its customers — 33.7 million people, or three out of four Korean adults — had been stolen. More worrisome is that while previous high-profile breaches this year involved external hacking attacks on wireless carriers and credit-card December 1, 2025
  • South Koreas Webzen slapped fine for manipulating game item odds, misleading players
    South Korea's Webzen slapped fine for manipulating game item odds, misleading players SEOUL, December 01 (AJP) - South Korean game developer Webzen has been fined for manipulating item acquisition probabilities in its mobile title Mu Archangel and misleading players, the Korea Fair Trade Commission (FTC) said on Monday. The regulator imposed a 158 million won (about $120,000) penalty for failing to disclose mechanisms that significantly reduced users’ chances of obtaining rare in-game items. According to the FTC, between June 2020 and March 2024 Webzen s December 1, 2025
  • Jeju beef, pork enter Singapore market for first time
    Jeju beef, pork enter Singapore market for first time SEOUL, December 01 (AJP) - South Korea has exported Jeju-produced beef and pork to Singapore for the first time, the Ministry of Food and Drug Safety said on Monday. The ministry, together with the Ministry of Agriculture, Food and Rural Affairs and the Jeju Special Self-Governing Province, held a shipping ceremony at Jeju Port, sending 4.5 tons of meat products valued at roughly 2.8 billion won. The shipment represents the first case in which Singapore directly assessed and December 1, 2025
  • Korean game makers target Southeast Asia, India as next growth engines
    Korean game makers target Southeast Asia, India as next growth engines SEOUL, December 01 (AJP) - South Korea's major game publishers are expanding their focus on Southeast Asia and India, betting on the regions’ rapidly growing mobile-first user base and rising spending power. Companies are not only exporting games but also investing, forming joint ventures, and reorganizing operations to secure long-term positions in the markets. Industry officials say Southeast Asia has emerged as the world’s second-largest market for mobile g December 1, 2025
  • Hanwha Aerospace showcases K9, Chunmoo systems at Egypts defense expo
    Hanwha Aerospace showcases K9, Chunmoo systems at Egypt's defense expo SEOUL, December 01 (AJP) - Hanwha Aerospace said Monday it is participating in the Egypt Defense Expo (EDEX) 2025, which runs from Dec. 1–4 in Cairo, showcasing a range of artillery and air-defense systems. The South Korean defense manufacturer is highlighting its K9 self-propelled howitzer, set to enter service with Egypt from 2026 under a major contract. More than 450 companies are taking part in the exhibition, which is expected to draw around 40,000 visitors. At the December 1, 2025
  • South Koreas HD Hyundai consolidates shipbuilding units
    South Korea's HD Hyundai consolidates shipbuilding units SEOUL, December 01 (AJP) - HD Hyundai Heavy Industries and HD Hyundai Mipo Shipbuilding completed their merger on Monday, forming an integrated entity under the name HD Hyundai Heavy Industries as the group seeks to reinforce its position as the world’s largest shipbuilder. The merger, first announced in August, follows a broader consolidation trend in the global shipbuilding sector, with major players in China and Japan also unifying their leading yards. HD Hyundai Hea December 1, 2025
  • Samsung Biologics to invest 7 trln won in third bio-campus
    Samsung Biologics to invest 7 trln won in third bio-campus SEOUL, December 01 (AJP) - Samsung Biologics plans to invest about 7 trillion won ($4.76 billion) to build a third campus in Songdo, diversifying its contract manufacturing business beyond antibody drugs into emerging therapeutic modalities. The South Korean biopharmaceutical manufacturer said Monday it signed a land purchase agreement with the Incheon Free Economic Zone authority for about 187,427 square meters of industrial site in Songdo International City. The company will pay 2 December 1, 2025