Hyosung Heavy secures $150 million US power grid contract

SEOUL, September 19 (AJP) - Hyosung Heavy Industries, a South Korean power equipment maker, said Friday it has secured a $150 million contract to supply ultra–high-voltage transformers and circuit breakers to a U.S. firm. The deal will provide a package of 765-kilovolt transformers, reactors and 800-kilovolt circuit breakers. It is the first time a Korean company has delivered a complete solution for America’s 765-kilovolt transmission network — the backbone of

September 19, 2025

Outgoing Japanese PM to 'hold talks with Lee' in Busan late this month

SEOUL, September 19 (AJP) - Japan's outgoing Prime Minister Shigeru Ishida is considering a visit to South Korea to meet with President Lee Jae Myung later this month, according to multiple Japanese media outlets. Ishiba is expected to visit the southern port city of Busan from Sept. 30 to Oct. 1 for talks with Lee. The Japanese leader announced his intention to step down earlier this month, after less than a year in office, as he succumbed to mounting pressure from the rulin

September 19, 2025

Hyundai Motor CEO calls for Korea-US deal on auto tariffs

SEOUL, September 19 (AJP) - Hyundai Motor’s chief executive warned that stalled U.S.-South Korea trade talks on auto tariffs are threatening the company’s competitiveness in its most important overseas market, even as rival Japan secured a more favorable deal with Washington. Speaking at Hyundai’s first overseas investor day in New York on Thursday (local time), Jose Munoz said the company’s current financial outlook assumes a 25 percent U.S. tariff on im

September 19, 2025

Hyundai Rotem opens first rail component plant in US

SEOUL, September 19 (AJP) - South Korean rail manufacturer Hyundai Rotem has opened its first American production facility, a move aimed at aligning with Washington’s push to localize infrastructure supply chains. The 8,500-square-meter plant, called Hyundai Rotem Smart Electric America, officially opened on Wednesday (local time) in Riverside, east of Los Angeles, the company said Friday. Demand for rail infrastructure in Southern California is likely to surge ahead of

September 19, 2025

Rosé's catchy song amasses over 2 billion views on YouTube

SEOUL, September 19 (AJP) - Rosé, a member of K-pop girl group BLACKPINK, continues to break records with her catchy song "APT." According to her management agency, the global hit, a collaboration with American pop star Bruno Mars, amassed over 2 billion views on YouTube in about a year after its release in October last year. With the latest feat, she now has another music video surpassing 2 billion views on the American streaming giant, adding to the quartet

September 19, 2025

INTERVIEW: Climate expert urges Seoul's new climate ministry to finalize NDC

SEOUL, September 18 (AJP) - South Korea must commit to a long-term pathway to reduce carbon emissions now that it is set to launch a new ministry integrating energy, climate, and environmental functions, said a leading climate scientist. "The most urgent task for the ministry would be to finalize the 2035 Nationally Determined Contribution (NDC)," said Axel Timmermann, director of the Institute for Basic Science (IBS) Center for Climate Physics at Pusan National Unive

September 18, 2025

Seoul opts for promotion-first and regulation-later approach on AI deployment

SEOUL, September 18 (AJP) - South Korea has chosen a middle path between Europe’s strict rules and U.S.’s hands-off stance in global race to govern artificial intelligence. The Ministry of Science and ICT this week detailed the criteria for high-impact AI systems pertinent to the Act on the Development of Artificial Intelligence and Establishment of Trust" dubbed as the AI Basic Act due to take effect next January. Seoul will be the second jurisdiction after th

September 18, 2025

The sky's the limit for K-ramyeon riding on Demon Hunters craze

SEOUL, September 18 (AJP) - The challenge of slurping fiery-hot ramyeon is nothing new. But when a chart-topping K-pop trio does it in a Netflix hit that becomes the platform's most-watched animated film, the sales surge – and stock rally – for Korean snack makers can be staggering. Instant noodle giant Nongshim, featured as a motif in "KPop Demon Hunters," closed Thursday at 481,500 won ($347), up 24.6 percent from a year ago. Nearly 30 percent of that j

September 18, 2025

Gov't launches task force to tackle US visa issues after Georgia immigration raid

SEOUL, September 18 (AJP) - The government launched an interagency task force to address issues related to U.S. visas. The task force, led by the Ministry of Foreign Affairs in cooperation with the Ministry of Trade, Industry and Energy and the Ministry of SMEs and Startups, aims to ensure that the concerns raised by South Korean businesses are reflected during negotiations with the U.S. The move follows the weeklong detention of hundreds of South Korean workers during a sweepi

September 18, 2025

KB Financial pivots to artificial intelligence to lead Asian banking

Editor's Note: This article is the 36th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, September 18 (AJP) - South Korea’s largest financial group is making a high-stakes wager on artificial intelligence, betting that the technology will reshape the future of banking in Asia and cement its dominance in the region’s fast-changing financial

September 18, 2025