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  Trump gives a go-ahead to Korea's nuclear submarine project GYEONGJU, October 30 (AJP) - After concessions over upfront cash payment in the $350 billion investment package from South Korea, U.S. President Donald Trump gave a go-ahead to Korean production of nuclear-powered submarine in a show of "stronger-than-ever" bilateral relations, indicating upgrade in military ties to the highest level, given Washington's protectiveness of nuclear submarine technology. "I have given them approval to build a nuclear-powered October 30, 2025
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  Upon "golden" treatment, Trump agrees to a trade deal with South Korea GYEONGJU, October 29 (AJP) -— President Donald Trump on Wednesday agreed to Seoul’s terms on South Korea’s $350 billion investment package after months of wrangling, clearing the way for a sweeping trade deal on the sidelines of the Asia-Pacific Economic Cooperation Summit, according to Seoul's presidential office. The agreement—$200 billion in cash and $150 billion in shipbuilding projects led by Korean firms—will cut U.S. tariffs on Korean October 29, 2025
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  S. Korean economists see signs of rebound, but growth momentum remains fragile SEOUL, October 29 (AJP) - South Korea’s economy is showing clearer signs of recovery, led by rebounding semiconductor exports and stronger outbound shipments, suggesting that the country may have passed the bottom of the current downturn. According to preliminary data released by the Bank of Korea on Monday, real gross domestic product (GDP) grew 1.2% in the third quarter from the previous quarter, beating market expectations of 1.0%. It marked the fastest quarterly expansi October 29, 2025
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  Korea's young pharma breed Samsung Biologics and Celltrion bulk up as bottom line holds SEOUL, October 29 (AJP) - Korea's relatively young pharma heavyweights Samsung Biologics and Celltrion are outgrowing their older peers at home and abroad through aggressive and unconventional expansion. Samsung Biologics, founded in 2011, has scaled up relentlessly and now ranks No. 3 in the global contract development and manufacturing organization (CDMO) market. Within its second Bio Campus in Songdo, Incheon, the Samsung Group unit plans to complete Plants 6 to 8 by 2032, October 29, 2025
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  Why HBM defines the AI race and seats SK hynix in the lead SEOUL, October 29 (AJP) - DRAM has long been the dependable workhorse of computing — a flat, two-dimensional structure built to read and write data one cycle at a time. It remains essential for general-purpose CPUs, but its architecture is now running into hard physical limits as artificial intelligence demands exponentially higher data throughput. High Bandwidth Memory (HBM) upends that classical design. Instead of laying chips out side-by-side, HBM stacks multiple DRAM layers October 29, 2025
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  South Korea expands visa programs to lure foreign talent SEOUL, October 29 (AJP) - Amid a global race to attract top talent, South Korea is opening its doors to international professionals through a series of new policies, especially those from Asian countries where South Korean companies already have production networks and academic partnerships. Internship program for foreign talent Earlier this week, the Ministry of Justice introduced the so-called "K-Trainee" program, which is designed to help South Korean com October 29, 2025
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  HOT STOCK: Power equipment stocks rally on Saudi contract, US nuclear cooperation hopes SEOUL, October 29 (AJP) - Shares of South Korean electrical-equipment makers, particularly transformer manufacturers, climbed sharply on Wednesday after a consortium led by Korea Electric Power Corporation (KEPCO) was named the preferred bidder for a major wind power project in Saudi Arabia — a decision that investors saw as a boost for Korean exports in the energy-infrastructure sector. Saudi Arabia’s Ministry of Energy announced Tuesday that the KEPCO consortium had October 29, 2025
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  APEC CEO Summit opens in Gyeongju with focus on AI, regional cooperation GYEONGJU, October 29 (AJP) - The CEO Summit as part of as part of the Asia-Pacific Economic Cooperation (APEC) summit kicked off on Wednesday in South Korea's southeastern city of Gyeongju, drawing top business leaders and political figures from across the Asia-Pacific region to discuss artificial intelligence (AI), digital transformation and sustainable growth. President Lee Jae Myung delivered the opening address at the Gyeongju Arts Center, emphasizing the summit's themes October 29, 2025
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  VISUALS: Visitors enjoy taste of Korean culture on sidelines of APEC CEO Summit GYEONGJU, October 29 (AJP) - The APEC CEO Summit Korea 2025 officially launched on Wednesday, inviting esteemed business leaders not only from Korea but from across the globe to discuss pressing global agendas together. Outside the main hall stands a cultural ground dubbed "K-Wave Playground" for foreign delegates to catch a glimpse of Korean culture during the summit event. Standing right in front of the entrance, a skilled musician played the gayag October 29, 2025
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  Asian markets mixed as investors await Trump-Xi meeting SEOUL, October 29 (AJP) - Major Asian stock markets closed with mixed results on Wednesday, as investors weighed optimism over technology earnings against caution ahead of a high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping. In South Korea, the benchmark KOSPI index rose 2 percent to close at 3,921.52, led by gains in semiconductor giants Samsung Electronics and SK hynix. Both extended their recent rally amid renewed hopes that Washington mig October 29, 2025