PHOTOS: Architectural biennale in Seoul draws visitors with eye-catching installations

SEOUL, November 6 (AJP) - The biannual architectural biennale in central Seoul has attracted over 500,000 visitors since its opening in late September. Marking its fifth year, this year's event, directed by renowned British architect Thomas Heatherwick and hosted by the Seoul Metropolitan Government, is taking place near Gwanghwamun in central Seoul and runs until Nov. 18. Under the theme "Radically More Human," which reflects Heatherwick

November 6, 2025

Ethiopia's gold mining boom fuels record sales of Korean excavator

SEOUL, November 06 (AJP) - HD Hyundai Infracore said on Thursday that sales of its construction equipment in Ethiopia have risen nearly fivefold this year, propelled by a surge in gold mining activity. The company’s Develon brand sold about 1,300 machines in 2025, a 470 percent increase from a year earlier. Much of that growth came from the popularity of its 36-ton excavator, the DX360, which accounted for roughly 90 percent of total sales, or more than 1,100 units. Eth

November 6, 2025

HJ Shipbuilding wins nod from Britain's Lloyd's Register for new LPG, ammonia carrier

SEOUL, November 06 (AJP) - South Korea's HJ Shipbuilding said it has received an approval from Lloyd’s Register for the design of its new 45,000-cubic-meter liquefied petroleum gas (LPG) and ammonia carrier. The new design adds to HJ’s lineup, which already includes a 38,000-cubic-meter LPG carrier and an 88,000-cubic-meter ammonia carrier. The approval follows a four-month collaboration launched in July between HJ Shipbuilding and the British classification s

November 6, 2025

South Korea's KGM launches eco-friendly cars in Israel, Turkey

SEOUL, November 06 (AJP) - South Korea's KGM is stepping up its global expansion drive with the rollout of new eco-friendly vehicles in Israel and Turkey, as the automaker seeks to strengthen its foothold in key overseas markets. On Nov. 5, the company introduced its Torres Hybrid (HEV) at a launch event held at the Shefayim Event Hall near Tel Aviv. The ceremony was attended by KGM’s Head of Overseas Business, Lee Byung-gil, along with about 40 Israeli journalists.

November 6, 2025

Asian markets recover early Thursday from AI rout

SEOUL, November 06 (AJP) - Asian stocks rebounded Thursday as investors shrugged off a brief scare over stretched valuations in the AI boom. Seoul’s KOSPI gained 1.3 percent to 4,054.56 after a near 3-percent plunge the previous day, while the KOSDAQ edged up 0.25 percent to stay above 900. Retail investors led the recovery, while foreign and domestic institutions continued to take profits after weeks of heavy buying. Hyosung Heavy Industries rose 4.1 percent to 2.3 milli

November 6, 2025

Former North Korean figurehead laid to rest in state funeral

SEOUL, November 6 (AJP) - A state funeral for North Korea's former nominal head of state Kim Yong-nam was held in Pyongyang on Wednesday with its leader Kim Jong-un in attendance, according to state media. The official Korean Central News Agency (KCNA) reported Thursday that the funeral service began with a eulogy by premier Pak Tae-song, praising the late senior official's "lifelong dedication" to the reclusive country. Mourners observed a moment of silence, fo

November 6, 2025

Samsung Heavy expands into US shipbuilding market with new partnership

SEOUL, November 06 (AJP) - Samsung Heavy Industries said on Thursday that it had signed a strategic partnership agreement with DSEC, a ship design and procurement company, in a move to expand into the U.S. shipbuilding market. DSEC, which works closely with American shipyards in areas such as vessel design, equipment supply, maintenance and technical consulting, is expected to provide a key bridge for Samsung’s entry into the U.S. market. The company’s expertise in U

November 6, 2025

Swiss banking delegation visits Toss Bank to explore digital banking in South Korea

SEOUL, November 06 (AJP) - A group of senior Swiss banking executives visited Toss Bank’s headquarters in Seoul on Wednesday to study South Korea’s rapidly evolving digital finance ecosystem, the company said Thursday. The 18-member delegation, organized by the Swiss Embassy in Seoul and telecommunications company Swisscom, was welcomed by Toss Bank’s chief executive, Lee Eun-mi, and other senior executives. During the meeting, Toss Bank shared its experie

November 6, 2025

North Korea denounces US sanctions, but remains cautious

SEOUL, November 6 (AJP) - North Korea strongly denounced the latest sanctions imposed by the U.S., vowing to take responsive measures "with patience," state media reported on Thursday. "The Korean Central News Agency (KCNA) reported, quoting Kim Un-chol, the isolate country'

November 6, 2025

Samsung Electronics acquires German heating, air conditioning firm

SEOUL, November 06 (AJP) - Samsung Electronics said on Thursday that it had completed its acquisition of FlaktGroup, a German heating, ventilation and air conditioning (HVAC) company, in a move to strengthen its presence in industrial solutions. FlaktGroup, founded more than a century ago, is one of Europe’s largest HVAC companies, supplying central air-conditioning and precision cooling systems for data centers, hospitals and large commercial buildings across more than

November 6, 2025