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  Hanwha Ocean shifts focus to Canada after losing Polish submarine deal SEOUL, November 28 (AJP) - Hanwha Ocean said on Friday it will pivot toward future defense export opportunities after losing out on Poland’s next-generation submarine program. “Despite strong support from the South Korean government and the public, we were unable to secure the Polish contract,” the company said in a press release. The shipbuilder said it will now redirect its focus to Canada, where the government is preparing one of the world’s larges November 28, 2025
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  South Korea's Daum portal to spin off as AXZ after 11 years under Kakao SEOUL, November 28 (AJP) - South Korea’s No. 2 portal site Daum will be spun off into a standalone company named AXZ on Dec. 1, marking its first legal separation from Kakao in 11 years in a bid to revive competitiveness in the portal business, industry officials said Friday. Kakao will transfer Daum’s service rights to AXZ, a subsidiary established in May to prepare for the split. The move ends a decade-long integration following Kakao’s 2014 merger with Daum November 28, 2025
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  Seoul apartment transactions surge in October ahead of new housing curbs SEOUL, November 28 (AJP) - Apartment sales in Seoul saw a dramatic jump in October, fueled by a wave of last-minute purchases ahead of sweeping government real-estate curbs, official data and policy documents show. Nationally, housing transactions — including apartments and other types of residences — reached 69,718 last month, up 10 percent from September and 23.2 percent from a year earlier, according to the October housing statistics from the Ministry of Land, Inf November 28, 2025
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  Samsung Electronics moves HBM team back under DRAM division after one year SEOUL, November 27 (AJP) - Samsung Electronics announced on Thursday it is dissolving its standalone high bandwidth memory development team created last year and moving related personnel back under the DRAM development division. The HBM development team will be absorbed into the design team under the DRAM development division, with Vice President Son Young-soo, who led the HBM team, appointed as head of the design team. Samsung created the dedicated HBM development team in July November 27, 2025
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  National Assembly passes arrest motion for PPP's former floor leader SEOUL, November 27 (AJP) - The National Assembly on Thursday passed a motion to arrest Choo Kyung-ho, the main opposition People Power Party (PPP)'s former floor leader over his alleged involvement in disgraced former President Yoon Suk Yeol's martial law debacle in December last year. The motion, proposed by independent prosecutors investigating the debacle, comfortably passed with 172 votes in favor, four against, two abstentions, and two invalid votes at the parliamentary November 27, 2025
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  LG Chem replaces CEO, taps materials chief Kim Dong-chun to lead next phase SEOUL, November 27 (AJP) - LG Chem has appointed Kim Dong-chun, head of its advanced materials division, as its new chief executive officer, marking the first leadership change in seven years. Kim succeeds Shin Hak-cheol. The board approved Kim’s promotion to president and CEO on Thursday. Kim is credited with boosting profitability within the advanced materials division and broadening the company’s global customer base, particularly in high-tech sectors. “K November 27, 2025
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  Asian shares mostly positive; Korean won rebounds as debt yields jump on BOK warning SEOUL, November 27 (AJP) - Asian equity markets extended gains Thursday, led by tech stocks benefiting from Google’s dual breakthroughs in AI chips and the Gemini 3.0 model. In Korea, the won strengthened sharply while government bond prices slumped after the Bank of Korea governor struck a hawkish tone on FX risks and inflation after keeping the base rate at 2.50 percent in the final policy meeting of the year. The 3-year yield jumped 11.8 basis points to 3.013 percent a November 27, 2025
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  South Korea imposes sanctions on Prince Group and others over online scams in Southeast Asia SEOUL, November 27 (AJP) - The government has imposed sanctions on 15 individuals and 132 business entities including Cambodia-based conglomerate Prince Group for their involvement in online scams and crimes targeting South Korean citizens in Southeast Asia, the Ministry of Foreign Affairs said on Thursday. This marks the country's first independent and largest sanctions against transnational criminal activities. According to the ministry, the sanctions target criminal orga November 27, 2025
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  Nvidia-Google rivalry translates to bigger AI chip pie for Korean memory foundries SEOUL, November 27 (AJP) - Expectations that Google’s in-house tensor processing units (TPUs) will challenge Nvidia’s near-monopoly in AI accelerators are translating into a bigger market for memory giants Samsung Electronics and SK hynix in Korea and Micron Technology in the United States. Nvidia still commands an overwhelming share of the global AI accelerator market. But growth of application-specific integrated circuits (ASICs) and neural processing units (NPUs) &m November 27, 2025
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  Stray Kids earn six new RIAA certifications SEOUL, November 27 (AJP) - K-pop boy band Stray Kids received six new certifications from the U.S. Recording Industry Association of America (RIAA) on Wednesday. They earned a "gold" certification for their latest album "Karma," after selling over 500,000 copies in the U.S. since its release in August this year, bringing their total certified albums to six, including the previous ones like "Ate," "Maxident," and "5-Star." They a November 27, 2025