Industry

  • Homeplus sale stalls as main auction draws no bidders
    Homeplus sale stalls as main auction draws no bidders SEOUL, November 27 (AJP) - The planned sale of Homeplus has stalled after the main auction attracted no bidders, deepening uncertainty over the future of the South Korean hypermarket chain. Two companies had taken part in the preliminary bidding but both withdrew ahead of the final auction. The main auction closed at 3 p.m. on Wednesday with no proposals submitted. Sources from Homeplus said on Thursday it will continue to accept offers until Dec. 29, the deadline for filing November 27, 2025
  • Delinquencies on Koreas mom-and-pop business loans hit highest level since 2015
    Delinquencies on Korea's mom-and-pop business loans hit highest level since 2015 SEOUL, November 27 (AJP) - Delinquencies on loans to South Korea’s mom-and-pop businesses rose to their highest level in more than nine years in the third quarter, even as the banking sector’s overall nonperforming loan (NPL) ratio edged down, the Financial Supervisory Service (FSS) said on Thursday. The NPL rate for personal business loans climbed 0.02 percentage points from the previous quarter to 0.61 percent, the highest since June 2015. The FSS attributed the November 27, 2025
  • Korean Inc.s USD hoarding is inevitable as U.S. trade and FDI footprints deepen
    Korean Inc.'s USD hoarding is inevitable as U.S. trade and FDI footprints deepen SEOUL, November 26 (AJP) - South Korea’s finance minister signaled the government had even asked major exporters for help in propping up the won — a reversal of the usual dynamic that underscores the urgency on the FX front. But expectations for meaningful action remain low, as companies tied to massive U.S. investment commitments have little incentive to part with their dollar reserves. The won’s annual average has already exceeded 1,400 per dollar this year, su November 26, 2025
  • Koreans spend more time on ChatGPT than on Naver, making Korea OpenAIs No. 2 market
    Koreans spend more time on ChatGPT than on Naver, making Korea OpenAI's No. 2 market SEOUL, November 26 (AJP) - South Koreans have emerged as the world's most avid ChatGPT users, spending more time on the AI platform than on the country's dominant portal Naver, and pushing Korea to become OpenAI's second-most profitable market despite its small population, data showed. According to app analytics firm Sensor Tower, Korea ranked No. 2 after the United States in ChatGPT revenue contribution. Global downloads of the ChatGPT app have surpassed 1.4 billio November 26, 2025
  • Koreans donated gold during IMF crisis — but their love for foreign wont rescue the won this time
    Koreans donated gold during IMF crisis — but their love for "foreign" won't rescue the won this time SEOUL, November 26 (AJP) - Korean authorities are pleading for all-around help — from the "big-brother" National Pension Service (NPS) to brokerages and exporters — to mobilize every possible tool to defend the Korean won drifting toward the untouched 1,500-won ($1.02) watershed. But they cannot expect sympathy, much less sacrifice, from ordinary Koreans, whose enduring appetite for overseas spending — on goods, travel, and securities — remains un November 26, 2025
  • South Korean shipowners warn against foreign sale of Hyundai LNG Shipping
    South Korean shipowners warn against foreign sale of Hyundai LNG Shipping SEOUL, November 26 (AJP) - South Korea’s shipping industry has raised alarms over the potential sale of Hyundai LNG Shipping, the country’s largest liquefied gas carrier operator, to a foreign buyer, warning the deal could undermine national energy security. The Korea Shipowners’ Association said Wednesday that IMM Private Equity and IMM Investment are in talks to sell the company to Indonesia’s Sinar Mas Group. Hyundai LNG Shipping operates 12 liquefied November 26, 2025
  • Netmarble reports data breach after hack on PC gaming site
    Netmarble reports data breach after hack on PC gaming site SEOUL, November 26 (AJP) - Netmarble announced on Wednesday that its PC gaming website was hacked last week, potentially exposing personal information belonging to customers and employees. The company said it detected the intrusion on Nov. 22 and “immediately took response measures,” including blocking unauthorized access and notifying authorities. An internal investigation is under way to determine the scale of the breach. According to Netmarble, the compromised November 26, 2025
  • KT signs MOU with DigitalBridge to tap rising demand for AI infrastructure
    KT signs MOU with DigitalBridge to tap rising demand for AI infrastructure SEOUL, November 26 (AJP) - KT said on Wednesday it has signed a memorandum of understanding with DigitalBridge, a U.S.-based digital infrastructure investment firm, to collaborate on the development and operation of AI data centers in South Korea. The agreement was signed on Nov. 25 at KT’s headquarters in Seoul. DigitalBridge, which manages about $108 billion in assets, specializes in data centers, fiber networks and cloud infrastructure. KT said the partnership aim November 26, 2025
  • NPS can stall — but hardly a joker card in Koreas FX defense
    NPS can stall — but hardly a joker card in Korea's FX defense SEOUL, November 26 (AJP) - Hedging maneuvers and central bank lifelines — South Korea's National Pension Service has several cards it can play to help authorities fend off pressure on the Korean won, but any relief is likely to be temporary, as the fund's core mission is safeguarding old-age coffers, not defending the currency. The NPS has been asked to join fiscal and monetary authorities in a joint response council as the won drifts toward the once-unthinkable 1,500 November 26, 2025
  • S-Oil foundation honors young scientists with 368 million won in research grants
    S-Oil foundation honors young scientists with 368 million won in research grants SEOUL, November 26 (AJP) - S-Oil Science Prodigy and Culture Foundation on Wednesday presented awards to promising researchers in basic sciences, distributing a total of 368 million won (about $250,000) in research funding at its Seoul headquarters. The foundation, chaired by Hong Suk-woo, held the 15th Dissertation of the Year Awards and the 7th Next-generation Scientist Fellowship Awards ceremony at the company's Gongdeok-dong office. The Korean Academy of Science and Technolo November 26, 2025