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Asian markets retreat as regional winners KOSPI and Nikkei give way to profit-taking
SEOUL, November 04 (AJP) - Asian stocks fell across the board Tuesday as profit-taking swept through the region, with South Korea’s KOSPI posting the steepest loss among major Asian benchmarks and Japan’s Nikkei 225 also tumbling sharply. South Korea’s KOSPI slid 2.37 percent to close at 4,121.74, wiping out the previous day’s gains. Foreign investors dumped 2.2 trillion won ($1.5 billion) worth of shares, joined by institutional investors who offloaded 498
November 4, 2025
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Game developer Krafton posts robust revenue in Q3
SEOUL, November 4 (AJP) - Game developer Krafton has posted a hefty 870.6 billion Korean won (US$605 million) in its third-quarter revenues, up 21 percent from a year earlier, driven by robust growth in its PC and mobile gaming operations. According to a regulatory filing released on Tuesday, the maker of "PUBG: Battlegrounds" saw its quarterly operating profit rise 7.5 percent year-on-year to 348.6 billion won. The strong quarterly performance pushed nine-month cumulat
November 4, 2025
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Korean streamer TVING to launch K-content hub on Disney+ in Japan
SEOUL, November 04 (AJP) - South Korean streaming platform, TVING, said Tuesday it has formed a partnership with Disney+ to enter the Japanese market. TVING said it will launch the “TVING Collection on Disney+” in Japan, offering a curated lineup of original Korean series, including Transit Love, Pyramid Game, and Yumi’s Cells, along with other popular titles from CJ ENM, its parent company. Japan is one of the world’s largest and most competitive stre
November 4, 2025
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Prosecutors raid Korea Zinc, brokerages in expanding stock issuance probe
SEOUL, November 04 (AJP) - South Korean prosecutors carried out additional raids on Korea Zinc and securities firms involved in the company’s stock issuance plan, widening an investigation into alleged violations of capital market laws. A joint investigation team of the Seoul Southern District Prosecutors’ Office, led by Chief Prosecutor Kim Jin-ho, searched Korea Zinc’s headquarters and other locations on Tuesday, seizing computers and internal records. Inv
November 4, 2025
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Former President Moon Jae-in to promote his bookstore on YouTube
SEOUL, November 4 (AJP) - Former President Moon Jae-in is planning to appear on a YouTube channel to promote his bookstore, a former close aide revealed in a radio program on Tuesday. Tak Hyun-min, Moon's former protocol secretary and now a professor at Mokpo National University, said that Moon is preparing to share his thoughts and connect with followers on the channel, where he will appear regularly along with Tak to introduce a couple of books each week. Episodes on the
November 4, 2025
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POST-APEC: Korea gains major traction in AI push with Nvidia backing
SEOUL, November 04 (AJP) - South Korea — once considered a latecomer in the race to artificial intelligence — has rapidly gained global momentum by leading regional governance discussions and securing tens of billions of dollars in investment tied to next-generation chips, hyperscale data centers, and physical AI infrastructure. Its hosting of the APEC Summit and CEO meetings served as a global stage, pulling in top players such as OpenAI, Nvidia, Samsung Electronics, an
November 4, 2025
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Dismantling work begins on South Korea's long-shuttered nuclear reactor
SEOUL, November 04 (AJP) - Doosan Enerbility has begun dismantling South Korea’s first commercial nuclear reactor, which was shut down in 2017. The company said on Tuesday that it signed a contract with Korea Hydro & Nuclear Power to remove non-controlled area facilities at the Kori Unit 1 plant, located near the southeastern city of Busan. The project represents the first phase of dismantling Kori Unit 1, which began operations in 1978 and was permanently shut down
November 4, 2025
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HOT STOCK: Samsung SDI shares jump on report of Tesla battery deal
SEOUL, November 04 (AJP) - Shares of Samsung SDI climbed more than 4 percent in afternoon trading on Tuesday following a news report that the South Korean battery maker may supply more than 3 trillion won ($2.08 billion) worth of energy-storage system batteries to Tesla over the next three years. As of 2:20 p.m. in Seoul, Samsung SDI’s stock was up 4.1 percent at 340,500 won, extending gains after the report circulated in local media. The company, a unit of Samsung Group, de
November 4, 2025
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Unification minister sends condolences to former North Korean figurehead
SEOUL, November 4 (AJP) - Unification Minister Jeong Dong-young on Tuesday expressed condolences over the death of North Korea's former perennial nominal head of state Kim Yong-nam. In a statement, Jeong said, "We express our condolences over Kim's death and extend our deepest sympathies to his family on behalf of the government," adding that Kim had led the North Korean delegation to the 2018 Pyeongchang Winter Olympics, contributing to inter-Korean dialogue. J
November 4, 2025
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South Korea's Samsung Biologics hits record $4 billion in annual orders
SEOUL, November 04 (AJP) - Samsung Biologics said on Tuesday that it has surpassed last year’s total orders, securing 5.5 trillion won (about $4 billion) in contracts so far this year — the highest annual performance since the company was founded. The announcement came as the South Korean biopharmaceutical manufacturer disclosed a new 275.9 billion won deal with a European drugmaker, adding to a string of large contracts signed in 2024. The company has completed eigh
November 4, 2025