T'way Air gains license to change name to Trinity Air SEOUL, May 18 (AJP) - South Korean low-cost carrier T'way Air is moving ahead with its transition to Trinity Air after receiving approval from the Ministry of Land, Infrastructure and Transport for its new corporate name. T'way Air said Monday that it received a revised license from the ministry on May 15 to change its name to Trinity Air. The new name, Trinity, comes from the Latin word “Trinitas,” meaning the unity of three. The company said the name reflect May 18, 2026

South Korean government threatens emergency mediation to stop Samsung strike SEOUL, May 17 (AJP) - The South Korean government officially raised the possibility of invoking emergency mediation powers for the first time to avert a looming general strike at Samsung Electronics. Prime Minister Kim Min-seok issued a public statement on Sunday, warning that the state would use all available legal measures if the walkout severely damages the national economy. The announcement puts maximum pressure on both management and labor ahead of a critical post-mediation m May 17, 2026

Samsung Chairman apologizes for labor standoff as tech giant agrees to resume talks SEOUL, May 16 (AJP) - Samsung Electronics Chairman Lee Jae-yong issued a rare public apology on Saturday regarding the ongoing labor dispute that has threatened a major disruption at the world’s largest memory chipmaker, just as management and labor groups agreed to return to the negotiating table. Returning to South Korea via Gimpo Business Aviation Center from an overseas business trip, Lee directly addressed the escalating tensions that have brought the company to the bri May 16, 2026

South Korea's labor minister to meet Samsung management to avert strike SEOUL, May 16 (AJP) - In a bid to mediate a labor dispute that threatens an unprecedented general strike of Samsung Electronics workers, South Korean Labor Minister Kim Young-hoon is scheduled to meet with Samsung executives as early as Saturday. The move follows a high-level meeting between the minister and union leadership to discuss demands that could fundamentally reshape the company's compensation structure. The National Samsung Electronics Union plans to launch an 18-day May 16, 2026

No breakthrough for Samsung Elec despite 11th-hour C-suite visit to union SEOUL, May 15 (AJP) - Top executives of Samsung Electronics failed Friday in an eleventh-hour attempt to avert a looming general strike after visiting the labor union office of the world’s largest memory chipmaker, whose exports alone account for roughly one-fifth of South Korea’s total outbound shipments. Mindful of the government’s determination to prevent a strike at a company whose production disruption could cost billions of dollars in economic losses and ta May 15, 2026

Seoul offers Canadians a real undersea ride in last stretch of submarine race SEOUL, May 15 (AJP) - A South Korean flag-bearing submarine will surface at the Port of Victoria, off Canada's western coast, later this month after a two-month journey with Canadian crew members aboard — sailing from Jinhae in southern Korea in a symbolic outreach as Ottawa weighs Team Korea against Europe for a multibillion-dollar submarine contract. The bid to supply Canada with up to 12 next-generation submarines has narrowed to consortia led by Korea's Hanwha Ocea May 15, 2026

HD Hyundai Heavy skips first KDDX bid, expected to join second round SEOUL, May 15 (AJP) - HD Hyundai Heavy Industries did not participate in the first round of bidding for ships for South Korea’s next-generation destroyer project, but is expected to join the second round. According to the Defense Acquisition Program Administration and industry officials on Friday, HD Hyundai Heavy did not complete preliminary registration for the designated competitive bidding process for the Korean Destroyer Next Generation, or KDDX, by Thursday’s deadl May 15, 2026

Pulmuone logs record Q1 on overseas turnaround SEOUL, May 15 (AJP) - South Korean food maker Pulmuone reported its strongest-ever first-quarter results, lifted by steady gains at home and a long-awaited turnaround at its overseas units, particularly in the United States. According to regulatory filings released Friday, revenue climbed 7.2 percent from a year earlier to 850.4 billion won ($566.6 million) in the January to March period, while operating profit surged 68.9 percent to 19 billion won. The company said that its earn May 15, 2026

Hanwha signs teaming agreement with Milrem Robotics for Romanian UGV program SEOUL, May 15 (AJP) - Hanwha Aerospace has signed a teaming agreement with Estonia’s Milrem Robotics to jointly pursue Romania’s unmanned ground vehicle program, as the South Korean defense firm seeks to expand its presence in the European market. The agreement was signed during the Black Sea Defense & Aerospace, or BSDA 2026, exhibition in Bucharest by Hanwha Aerospace, its Romanian subsidiary Hanwha Aerospace Romania and Milrem Robotics, Hanwha Aerospace said Frida May 15, 2026

Orion's Q1 operating profit jumps 26% on robust overseas sales SEOUL, May 15 (AJP) - South Korean confectioner Orion announced that its first-quarter operating profit climbed 26 percent from a year earlier to 165.5 billion won ($109.9 million), powered by brisk demand at its overseas subsidiaries. Consolidated revenue rose 16 percent to 930.4 billion won in the January to March period, according to a regulatory filing released Friday. Orion, the country's second-largest snack maker and the original producer of Choco Pie, said overseas units May 15, 2026