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  Samsung Chairman Lee Jae-yong's stock wealth surges $2.7 billion SEOUL, October 01 (AJP) - Samsung Electronics Chairman Lee Jae-yong added more than 3.7 trillion won ($2.7 billion) to his stock wealth in the third quarter, cementing his position as South Korea’s richest corporate leader by equity holdings, according to new data released Tuesday. The Korea CXO Institute reported that the market value of Lee’s shares rose 24.4 percent from 15.25 trillion won at the end of June to 18.98 trillion won by the end of September, driven October 1, 2025
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  Celltrion secures $300 million in export insurance to bolster global expansion SEOUL, October 01 (AJP) - Celltrion, one of South Korea’s leading biopharmaceutical companies, has obtained $300 million in short-term export insurance from the Korea Trade Insurance Corporation (K-Sure), a move aimed at strengthening its overseas operations and cash flow. The agreement marks the first time the state-run insurer has extended such support to the overseas branch of a Korean pharmaceutical and biotechnology company, underscoring the government’s effor October 1, 2025
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  North Korean leader sends congratulatory message to Xi on China's founding anniversary SEOUL, October 1 (AJP) - North Korean leader Kim Jong-un sent a congratulatory message to Chinese President Xi Jinping on the 76th anniversary of China's founding, reaffirming his commitment to enhancing strategic communication and cooperation between the two countries. According to the state-run Korean Central News Agency, Kim said Pyongyang remains "steadfast" in its relations with Beijing, seeking to "steadily develop the traditional..... friendship n October 1, 2025
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  Battery materials plant opens in Saemangeum complex SEOUL, October 01 (AJP) - LS-L&F Battery Solution, a joint venture between LS Corp. and battery materials maker L&F, inaugurated a precursor plant on Tuesday in the Saemangeum National Industrial Complex in Gunsan, North Jeolla Province. The 1 trillion won ($730 million) facility, spanning about 40,000 square meters, is expected to employ roughly 1,000 people, underscoring the government’s efforts to strengthen domestic supply chains in the fast-growing battery sec October 1, 2025
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  South Korea's Sept exports at 3-year high and Q3 all-time high SEOUL, October 01 (AJP) - South Korea’s exports surged nearly 13 percent in September from a year earlier, extending growth for the fourth straight month on strong demand for semiconductors and automobiles, despite tariff-related setbacks in the United States. According to the Ministry of Trade, Industry and Energy, outbound shipments totaled $65.95 billion, up 12.7 percent on-year and the highest monthly tally since March 2022. For the July–September period, export October 1, 2025
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  Kakao rolls out 'Kakao Travel Pack' in 16 languages SEOUL, October 01 (AJP) - Kakao announced on Monday it will run a 'Kakao Travel Pack', mobility services in 16 languages, aiming at foreign visitors. The campaign aims to assist the increasing number of tourists expected due to global content popularity and the Asia-Pacific Economic Cooperation (APEC) summit. The 'Kakao Travel Pack' includes KakaoTalk, KakaoMap, and K-Ride, services popular among foreigners. KakaoTalk supports 16 languages, including English, Jap October 1, 2025
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  LG Elec eyes $1.8 bn Indian IPO, third largest in India for 2025 SEOUL, October 01 (AJP) - The Indian unit of South Korea’s household white-goods giant LG Electronics has set its initial public offering (IPO) price band at ₹1,108 to ₹1,140 per share, targeting up to $1.8 billion in proceeds. The listing, scheduled for Oct. 14, marks the third-largest IPO in India this year and second largest Korean IPO in the country following last year’s $3.3 billion Hyundai Motor India listing. Like Hyundai, LG’s IPO wil October 1, 2025
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  South Korea, US agree to launch dedicated visa desk in Seoul SEOUL, October 1 (AJP) - South Korea has agreed with the U.S. to set up a dedicated visa desk at the U.S. Embassy in Seoul to streamline visa processes for South Korean companies investing in the U.S. The decision was made after the two sides met in Washington, D.C. on Tuesday for their first meeting since forming a working group to address the issue. The Ministry of Foreign Affairs here said the desk is expected to launch sometime in October, with details to be announced on th October 1, 2025
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  [South Korea-Japan Ties] Seoul should forge strategic industrial alliance with Tokyo, KOTRA chief urges Editor's Note: Aju Business Daily is publishing a special series to mark the 60th anniversary of the normalization of diplomatic ties between South Korea and Japan. The series reflects on the renewed relationship between the two neighbors. SEOUL, October 1 (AJP) - "If South Korea becomes a reliable partner in Japan's major manufacturing projects including semiconductors, hydrogen, ammonia, secondary batteries, and shipbuilding, the country's competitiveness in adv October 1, 2025
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  MBK Partners weighs exit from Korea Zinc SEOUL, October 01 (AJP) - Facing mounting scrutiny from lawmakers and civic groups, MBK Partners is considering selling its stake in Korea Zinc, a move that could alter control of one of the world’s leading producers of nonferrous metals. A person briefed on the matter said on condition of anonymity that MBK is “reviewing its control over Korea Zinc, with an exit strategy as one option.” The stake could be transferred to Young Poong, the company’s largest October 1, 2025