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  Hyosung to expand high-voltage transformer plant in US SEOUL, November 18 (AJP) - Hyosung Chairman Cho Hyun-joon is moving to turn the company’s Memphis transformer plant into the largest facility of its kind in the United States, as demand for high-voltage equipment rises alongside the nation’s aging grid and a rapid build-out of AI-driven data centers. Hyosung Heavy Industries said Tuesday it will invest $157 million to boost the plant’s production capacity by more than 50 percent by 2028. The expansion is part o November 18, 2025
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  Korean institutions primary driver of KOSPI gain and reap big from their long bet SEOUL, November 18 (AJP) - South Korean institutional investors have emerged as the primary force behind the KOSPI’s world-leading rally this year, reaping sizable gains from their long-position strategy fueled largely through exchange-traded funds (ETFs). Domestic financial institutions made aggressive bets on Korean equities via ETFs, significantly boosting their bottom line. According to the Korea Exchange, foreigners have been net sellers of 5.86 trillion won November 18, 2025
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  Half of high-ranking officials own multiple homes SEOUL, November 18 (AJP) - Nearly half of high-ranking government officials including lawmakers own two or more homes, a recent analysis shows. The analysis of some 2,581 senior officials, released by corporate tracker Leaders Index on Tuesday, found that 48.8 percent hold multiple homes, with 17.8 percent owning at least three. Real estate accounts for 58.7 percent of their total assets estimated at 5.71 trillion won. Apartments make up 58.9 percent, followed by sprawling pr November 18, 2025
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  LG H&H's wearable skincare device wins CES Innovation Award SEOUL, November 18 (AJP) - LG H&H's wearable skincare device “Hyper Rejuvenating Eye Patch” has been named the winner of CES 2026 Innovation Award in the beauty tech category, the company said Tuesday. The product combines skin-analysis algorithms, customized ingredient delivery and controlled light therapy in a lightweight wearable. The system comprises an AI-based skin diagnosis program, a bio-mimicking patch, a flexible LED patch and a headband controller. November 18, 2025
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  POSCO chief calls for tech-led strategy to withstand global volatility SEOUL, November 18 (AJP) - POSCO Group Chairman Jang In-hwa called for stepped-up technological innovation to help the steel conglomerate manage an increasingly unpredictable business landscape, telling employees the company must accelerate development efforts and reinforce long-term competitiveness. Speaking Tuesday at the POSCO Group Tech Forum, Jang said the company needs a more collaborative approach to research and development as it adapts to shifts in global supply chains November 18, 2025
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  PHOTOS: Kimchi — symbol of communal love, sharing SEOUL, November 17 (AJP) - As the cold grip of winter descends, kimchi transcends its role as a staple food in South Korea to become a powerful symbol of communal love and sharing. This spirit was vividly on display in Seoul on Nov. 17, where a massive kimchi-making event took place at Garak Market in Songpa-gu. It was to prepare thousands of heads of kimchi destined for low-income families and elderly residents living alone. Enduring the biting wind, volunteers worked tireless November 18, 2025
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  North Korea condemns Seoul's recent security deal with Washington as 'confrontational' SEOUL, November 18 (AJP) - North Korea denounced a joint fact sheet released last week outlining trade and security agreements between Seoul and Washington, warning that it will take countermeasures against what it called a "confrontational stance," state media reported on Tuesday. In a lengthy commentary, the state-run to rem November 18, 2025
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  Hyundai Motor Group bets big on driverless cars, humanoid robots SEOUL, November 18 (AJP) - Hyundai Motor Group is making one of the most aggressive wagers yet on artificial intelligence in the global auto industry, unveiling plans to spend roughly 51 trillion won — about $38 billion — in the coming years to build an AI-driven manufacturing ecosystem centered on autonomous vehicles and humanoid robots. The investment, stretching from 2026 to 2030, signals the company’s belief that the automobile is rapidly evolving f November 18, 2025
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  Indian minister pushes shipbuilding cooperation during visit to South Korea SEOUL, November 17 (AJP) - Shri Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, spent two days in South Korea meeting shipbuilding and shipping leaders as part of India's effort to expand maritime cooperation under the country's Maritime Amrit Kaal Vision 2047. The minister toured the HD Hyundai Heavy Industries shipyard in Ulsan on November 17, calling the visit productive. The shipyard, described by the Indian Embassy as the world's largest, c November 17, 2025
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  Korean stocks kept up buoyance amid broad Asian listlessness SEOUL, November 17 (AJP) - South Korean shares climbed nearly 2 percent on Monday, sustaining momentum across otherwise listless Asian markets after Seoul and Washington finalized a bilateral trade deal that opened new business opportunities for shipbuilders, energy infrastructure firms and defense manufacturers. The KOSPI rose 1.9 percent to 4,089.25, while the small-cap KOSDAQ gained 0.5 percent to 902.67. Semiconductor stocks led the advance. Samsung Electronics rose 3.5 percent November 17, 2025