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  Revised Commercial Act adds legal uncertainty to Korea's M&A landscape SEOUL, December 04 (AJP) - South Korea’s C-suite and boards must now weigh shareholder rights as heavily as employee considerations under the revised Commercial Act, a shift posing as a setback to bold, owner-driven decision-making long associated with chaebols. The implications of the overhaul were a central focus at a capital markets and M&A seminar hosted in Seoul by law firm Shin & Kim on Thursday, where corporate lawyers and market participants examined how the December 4, 2025
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  Korean replaces Chinese as foreign favorite language amid K-pop rise SEOUL, December 04 (AJP) - In another sign of Korean pop culture's global reach, Korean has become the sixth most-studied language on Duolingo, one of the world's largest language-learning platforms, increasingly replacing Chinese as a preferred foreign language. According to the 2025 Language Report released Thursday, Korean trailed only English, Spanish, French, Japanese and German in global popularity. It also ranked as the second-fastest-growing language in Western December 4, 2025
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  Nikkei soars, KOSDAQ active with robotics helped by Trump's mention SEOUL, December 04 (AJP) - Japanese stocks defied concerns over a potential unwinding of the yen carry trade to push back above the 50,000-point threshold, while activity was subdued across most of Asia. South Korea’s KOSPI closed 0.19 percent lower at 4,028.51 on Thursday. After sliding more than 1 percent in early trading, the index pared losses in the afternoon as foreigners took profits and nearly all U.S. megacap tech stocks—excluding AMD—declined overnight. December 4, 2025
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  With too many skeletons out of the closet, Coupang founder Kim may have to come out SEOUL, December 04 (AJP) - Coupang earns roughly 90 percent of its estimated $34 billion in revenue from Korea, yet operates and trades as a U.S.-based company often dubbed "Korea's Amazon." Increasingly, however, it resembles something closer to a Chinese tech firm—with opaque recruiting practices and oversight failures that culminated in the mass-scale data leak exposing virtually all of its online shoppers. For negligence and liability related to the loss of December 4, 2025
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  NTS to crack down on tax evaders in real estate inheritances SEOUL, December 4 (AJP) - The National Tax Service plans to intensify its probe of real estate transferred from wealthy parents to children to evade inheritance and other taxes, the watchdog said in a meeting at the government complex in Seoul on Thursday. The probe is expected to target some 2,077 apartment owners in Seoul's affluent districts of Gangnam, Gangdong, Seocho and Songpa as well as Mapo and Seongdong districts north of the Han River, where prices have soared in December 4, 2025
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  AI takes front seat in Korean bio "foundries", betting on reduced cost and risks SEOUL, December 04 (AJP) - South Korea's bio industry is going all in on artificial intelligence, betting that the technology will slash time, cost and risk in drug discovery, with eight out of 10 companies are now diverting at least 10 percent of their revenue to AI deployment. "AI is set to play a pivotal role in our sector, and its impact on the industry will be profound," said Lee Seung-kyu, vice chairman of Korea Bio. "Compared to the vague expectations we ha December 4, 2025
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  South Korea's Kolon Industries joins hands with Canadian firm for fuel cell business SEOUL, December 04 (AJP) - Kolon Industries said Thursday it has signed a memorandum of understanding with Canada’s Ballard Power Systems to expand cooperation in hydrogen fuel cell components, strengthening its push into the clean-energy sector. The agreement was signed at the World Hydrogen 2025 event held at KINTEX in Goyang, Gyeonggi Province. Ballard, founded in 1979, is a major global supplier of high-efficiency, durable hydrogen fuel cell technology used in buses December 4, 2025
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  SK hynix unveils major reorganization to bolster HBM, AI-era memory leadership SEOUL, December 04 (AJP) - SK hynix said Thursday it has created a dedicated high-bandwidth memory (HBM) unit to provide faster technical support and bolster market responsiveness in North America. It also established a new team responsible for HBM packaging, quality and yield management across development and mass production. The move is aimed at reinforcing its position in the global AI era and ensure sustainable growth, the company said. The company also plans to esta December 4, 2025
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  South Korea launches world's largest hydrogen expo, eyes global leadership SEOUL, December 04 (AJP) - World Hydrogen Expo 2025, billed as the world's largest hydrogen industry exhibition, kicked off at Kintex in Goyang, Gyeonggi Province on Thursday, drawing 279 companies and organizations from 26 countries. The four-day event, running through Dec. 7, marks the inaugural edition combining the former H2 MEET exhibition and International Hydrogen Conference into a unified platform. The expo spans 22,000 square meters showcasing the full hydrogen value ch December 4, 2025
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  South Korea's union membership rises to 2.77 million SEOUL, December 04 (AJP) - South Korea’s trade union membership increased to 2.77 million at the end of last year, up by about 40,000 from a year earlier, the Ministry of Employment and Labor said on Thursday. The national unionization rate held steady at 13 percent as the pool of eligible workers continued to expand. The Federation of Korean Trade Unions (FKTU) remained the country’s largest labor umbrella group with 1.2 million members, accounting for 43.3 perce December 4, 2025