LG Electronics supplies cockpit for Renault's first SDV SEOUL, October 06 (AJP) - LG Electronics will supply an integrated cockpit system for Renault Group's New Traffic E-Tech Electric, the automaker's first commercial software-defined vehicle in Europe, according to the company on Tuesday. The system combines the vehicle's instrument cluster and infotainment functions under a unified interface, allowing driving information, navigation and media functions to be managed together. LG said the integrated architecture can also s October 6, 2026

LG Electronics lands 5-GW AI data center cooling deal in America SEOUL, October 06 (AJP) -LG Electronics is expanding its cooling business on the back of the AI data center boom, securing a long-term deal to supply systems for 5 gigawatts of capacity in North America as cooling becomes critical to keeping increasingly powerful AI processors from overheating and sustaining their performance under heavy computing loads. LG's U.S. unit signed a long-term supply agreement with AIR Control Concept, a North American data center infrastructure c October 6, 2026

Nuri rocket set for fifth launch after reaching pad SEOUL, October 06 (AJP) - South Korea's Nuri rocket reached its launch pad at the Naro Space Center on Tuesday morning, a day before its fifth flight, the Korea AeroSpace Administration (KASA) said. The 47.2-meter vehicle left the assembly building at 6 a.m. and crawled 1.8 kilometers to the second launch pad aboard an unmanned transporter, arriving at 7:30 a.m. after about 90 minutes, KASA and the Korea Aerospace Research Institute (KARI) said. Engineers will stand the rocke October 6, 2026

Foreign spending in Seoul jumps 60% as experience tourism grows SEOUL, October 06 (AJP) - Foreign tourists’ credit-card spending in Seoul jumped 60 percent against a 22 percent gain in visitor numbers in the first eight months of the year as K-beauty and experience-based tourism gained traction, the city government said Tuesday. Spending rose 59.9 percent to 7.78 trillion won from 4.87 trillion won a year earlier, while the estimated number of foreign visitors increased 21.6 percent to 11.56 million. Tourist spending thus grew at abou October 6, 2026

Vance softens Alaska LNG push after Trump tariff threat SEOUL, October 06 (AJP) - Washington and Seoul still need to "work out" details of the long-delayed Alaska liquefied natural gas project, U.S. Vice President JD Vance said Monday, striking a more measured tone days after President Donald Trump threatened to double tariff retaliation should South Korea fail to commit to the Alaska project. “The pipeline is something that we really want to see happen and a lot of our Asian friends want to happen as well,” Van October 6, 2026

Seoul stocks stall at 7,000 as Nasdaq rally skips memory SEOUL, October 06 (AJP) - An all-time closing high on the Nasdaq failed to lift South Korea's benchmark Korea Composite Stock Price Index (KOSPI) as Seoul reopened after a long holiday weekend. Foreign investors sold, and SK hynix tracked weak US memory peers rather than Nvidia. The KOSPI stood at 7,000.99 as of 9:27 a.m. after opening higher, down 2.75 points or less than 0.1 percent. Wall Street's rally came alongside U.S. 10-year Treasury yields at their highest s October 6, 2026

Celltrion launches first US biosimilar to Xolair SEOUL, October 06 (AJP) - Celltrion began selling Omlyclo, the first biosimilar to the blockbuster allergy drug Xolair to reach the United States, the South Korean drugmaker said Tuesday. Omlyclo was entered the same day as a preferred drug on the commercial formulary of Optum, one of the three largest US pharmacy benefit managers, Celltrion said. Talks with other large managers are under way, some near completion. The drug carries a wholesale acquisition cost about 15 percent October 6, 2026

Hackers find weak links outside Korean banks' core systems SEOUL, October 05 (AJP) - A wave of cyberattacks on South Korean banks has exposed a weak point outside their heavily protected core banking networks, with hackers targeting employee and sales-support systems that still contain sensitive customer data. Recent breaches at Shinhan Bank, KB Kookmin Bank and Hana Bank did not penetrate their main internet or mobile banking systems. Instead, attackers accessed peripheral services used by loan recruiters, employees and sales staff. A October 5, 2026

S. Korea concludes North Korean mine injured troops south of border SEOUL, October 05 (AJP) - South Korea's military said Monday it has concluded that landmines planted by North Korea south of the Military Demarcation Line injured three South Korean troops in the Demilitarized Zone last month, and said it would begin removing the North Korean minefield later in the day. The Sept. 21 explosions occurred during an operation in the western section of the DMZ to prepare a search route for an investigation into suspected North Korean mine-laying ac October 5, 2026

Samsung earnings kick off key October for chip industry SEOUL, October 05 (AJP) - The global semiconductor industry is heading into a busy stretch of October, with Samsung Electronics set to report preliminary earnings this week before a series of major chip events and earnings releases put the strength of the AI-driven boom to another test. Samsung is scheduled to release its preliminary third-quarter results on Thursday, Oct. 8, providing the first major earnings signal from South Korea's semiconductor industry after Micron Techn October 5, 2026