Latest

  • South Koreas GS E&C builds solar power complex in India
    South Korea's GS E&C builds solar power complex in India SEOUL, January 27 (AJP) - South Korea's GS Engineering & Construction has entered India’s renewable energy market, completing a solar power project in Maharashtra state and beginning full commercial operations. The company said on Tuesday the Patur solar power complex has an installed capacity of 12.75 megawatt-peak (MWp) and is expected to generate between 18 million and 20 million kilowatt-hours of electricity annually, enough to supply power to about 6,000 house January 27, 2026
  • South Koreas LS Electric sees record orders, earnings on power infrastructure boom
    South Korea's LS Electric sees record orders, earnings on power infrastructure boom SEOUL, January 27 (AJP) - South Korean power equipment company LS Electric said on Tuesday it posted record revenue and operating profit in 2025, driven by strong growth in its North American business and rising demand for power infrastructure. The company said consolidated revenue rose 9 percent from a year earlier to 4.96 trillion won, while operating profit increased 9.6 percent to 426.9 billion won. Fourth-quarter revenue climbed to a record 1.52 trillion won, with operatin January 27, 2026
  • Korean ruling party to hasten passage of bill on Korean invest to US
    Korean ruling party to hasten passage of bill on Korean invest to US SEOUL, January 27 (AJP) -South Korea’s ruling Democratic Party on Tuesday vowed to speed up the legislation to support the country’s $350 billion investment commitment to the United States after President Donald Trump blamed the Korean legislative for his plan to reinstate the tariffs on selective Korean exports to 25 percent. The party stressed that Trump was referring to legislation that has yet to be enacted in South Korea, not to parliamentary ratification of a b January 27, 2026
  • Samsungs Lee to host gala in Washington with Lutnick invited amid renewed tariff threat
    Samsung's Lee to host gala in Washington with Lutnick invited amid renewed tariff threat SEOUL, January 27 (AJP) -Samsung Electronics Chairman Lee Jae-yong is due in Washington, D.C., this week amid renewed tariff threat from President Donald Trump, raising attention on whether tycoon can serve as an informal business-diplomatic channel. Lee’s visit comes after Seoul emerged as the latest target of Trump’s tariff offensive, with the U.S. president warning overnight on social media of sweeping tariff hikes to 25 percent on South Korean exports, citing delay January 27, 2026
  • [BTS Comeback] Global tour draws presidential plea from Mexico
    [BTS Comeback] Global tour draws presidential plea from Mexico SEOUL, January 27 (AJP) - BTS’s first global concert tour in nearly four years, following the completion of the Korean members’ mandatory military service, has reached the level of presidential diplomacy in Mexico. Mexican President Claudia Sheinbaum said she had personally appealed to South Korean President Lee Jae Myung to help secure additional BTS concert dates in Mexico, citing overwhelming demand from Mexican youth. Speaking at a regular press briefing on Jan. January 27, 2026
  • Customs watchdog seizes over 100,000 knockoffs of South Korean brands, mostly Chinese
    Customs watchdog seizes over 100,000 knockoffs of South Korean brands, mostly Chinese SEOUL, January 27 (AJP) - About 117,000 counterfeit items copying South Korean brands were seized last year, the Korea Customs Service said on Tuesday. The seizure came after the customs watchdog launched an intensive crackdown on knockoffs that capitalize on the global popularity of South Korean goods and products. These counterfeit goods were found in cargo and express parcels shipped through foreign online shopping platforms. By country of origin, China accounted for 97.7 p January 27, 2026
  • Seoul markets mostly unfazed by renewed Trumpian tariff threat
    Seoul markets mostly unfazed by renewed Trumpian tariff threat SEOUL, January 27 (AJP) –Stocks were undisturbed in their growth momentum while the Korean won gave up earlier gains against the U.S. dollar as the Korean financial markets weighed the gravity of the overnight social-media threat by President Donald Trump to reinstate 25-percent tariffs on selected South Korean exports including automobiles. As of 10:23 a.m. Seoul, KOSPI rose 0.76ercent to 4.987.03 smaller KOSDAQ up 0.93 percent at 1,074.64. The won was mildly affected, wi January 27, 2026
  • Late ex-PM Lee Hae-chans casket arrives from Viet Nam
    Late ex-PM Lee Hae-chan's casket arrives from Viet Nam SEOUL, January 27 (AJP) - The body of former Prime Minister Lee Hae-chan, who died last Sunday during a visit to Viet Nam, was returned home on Tuesday. The senior vice chairperson of the Peaceful Unification Advisory Council (PUAC), a presidential consultative body, died of cardiac arrest at a hospital in Ho Chi Minh City. Lee's casket arrived at Incheon International Airport earlier in the day, where government officials and political figures including senior presidential a January 27, 2026
  • LG CNS annual profit rises on AI and cloud demand
    LG CNS' annual profit rises on AI and cloud demand SEOUL, January 27 (AJP) - South Korean IT services firm LG CNS reported an 8.4 percent rise in operating profit for 2025, powered by robust demand for artificial intelligence and cloud computing solutions. The company posted an operating profit of 555.8 billion won ($382.8 million) for the year, up from 512.7 billion won in 2024, according to a regulatory filing on Tuesday. Annual revenue edged up 2.5 percent to 6.13 trillion won, while net profit jumped 21.2 percent to 442.2 billio January 27, 2026
  • LS Cable & System secures Malaysia subsea power cable contract
    LS Cable & System secures Malaysia subsea power cable contract SEOUL, January 27 (AJP) - South Korea's LS Cable & System has won a turnkey contract worth about 60 billion won ($41 million) from Malaysia’s national utility, Tenaga Nasional Berhad (TNB), to build a subsea power transmission network. The project involves expanding a 132-kilovolt subsea power link between Malaysia’s mainland and Langkawi Island, a major tourist destination, to enhance the stability of electricity supply, the company said on Tuesday. LS January 27, 2026