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,

October 29, 2025

Why HBM defines the AI race and seats SK hynix in the lead

SEOUL, October 29 (AJP) - DRAM has long been the dependable workhorse of computing — a flat, two-dimensional structure built to read and write data one cycle at a time. It remains essential for general-purpose CPUs, but its architecture is now running into hard physical limits as artificial intelligence demands exponentially higher data throughput. High Bandwidth Memory (HBM) upends that classical design. Instead of laying chips out side-by-side, HBM stacks multiple DRAM layers

October 29, 2025

South Korea expands visa programs to lure foreign talent

SEOUL, October 29 (AJP) - Amid a global race to attract top talent, South Korea is opening its doors to international professionals through a series of new policies, especially those from Asian countries where South Korean companies already have production networks and academic partnerships. Internship program for foreign talent Earlier this week, the Ministry of Justice introduced the so-called "K-Trainee" program, which is designed to help South Korean com

October 29, 2025

HOT STOCK: Power equipment stocks rally on Saudi contract, US nuclear cooperation hopes

SEOUL, October 29 (AJP) - Shares of South Korean electrical-equipment makers, particularly transformer manufacturers, climbed sharply on Wednesday after a consortium led by Korea Electric Power Corporation (KEPCO) was named the preferred bidder for a major wind power project in Saudi Arabia — a decision that investors saw as a boost for Korean exports in the energy-infrastructure sector. Saudi Arabia’s Ministry of Energy announced Tuesday that the KEPCO consortium had

October 29, 2025

APEC CEO Summit opens in Gyeongju with focus on AI, regional cooperation

GYEONGJU, October 29 (AJP) - The CEO Summit as part of as part of the Asia-Pacific Economic Cooperation (APEC) summit kicked off on Wednesday in South Korea's southeastern city of Gyeongju, drawing top business leaders and political figures from across the Asia-Pacific region to discuss artificial intelligence (AI), digital transformation and sustainable growth. President Lee Jae Myung delivered the opening address at the Gyeongju Arts Center, emphasizing the summit's themes

October 29, 2025

VISUALS: Visitors enjoy taste of Korean culture on sidelines of APEC CEO Summit

GYEONGJU, October 29 (AJP) - The APEC CEO Summit Korea 2025 officially launched on Wednesday, inviting esteemed business leaders not only from Korea but from across the globe to discuss pressing global agendas together. Outside the main hall stands a cultural ground dubbed "K-Wave Playground" for foreign delegates to catch a glimpse of Korean culture during the summit event. Standing right in front of the entrance, a skilled musician played the gayag

October 29, 2025

Asian markets mixed as investors await Trump-Xi meeting

SEOUL, October 29 (AJP) - Major Asian stock markets closed with mixed results on Wednesday, as investors weighed optimism over technology earnings against caution ahead of a high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping. In South Korea, the benchmark KOSPI index rose 2 percent to close at 3,921.52, led by gains in semiconductor giants Samsung Electronics and SK hynix. Both extended their recent rally amid renewed hopes that Washington mig

October 29, 2025

PHOTOS: Silver grass Festival at Haneul Park – Autumn blooms from a mountain of waste

SEOUL, October 29 (AJP) - Each autumn, a mountain in western Seoul turns to gold. Haneul Park, perched 98 meters above sea level, is known for its sweeping skyline views — but few visitors realize it was once a landfill. By 8 a.m., the park entrance beside the World Cup Stadium was already dotted with early risers climbing 291 steps toward the summit. The ascent left many slightly winded, but the view was worth it. Silver grass swayed in the morning light, and beyond them, S

October 29, 2025

French quantum computing firm Pascal to establish research center in Seoul

SEOUL, October 29 (AJP) - The Seoul Metropolitan Government said on Wednesday that it had secured a major investment from Pascal, a leading French quantum computing company. Under a memorandum of understanding signed this week, Pascal plans to invest $52.8 million to establish a quantum computing research and development center in Seoul, a project expected to create 51 jobs. The two sides will also collaborate on talent development and support programs for startups and companies

October 29, 2025

[OPINION] Multilateral cooperation powers Asia-Pacific growth as openness, innovation shape future

SEOUL, October 29 (AJP) - At the Gyeongju Hwabaek International Convention Center in South Korea, representatives from the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) will soon gather to chart a new blueprint for shared growth. As a responsible major country and an active participant, contributor and leader in Asia-Pacific cooperation, China calls for openness and inc

October 29, 2025