Nomura flags heavy US investment burden for Samsung Electronics, SK hynix SEOUL, January 21 (AJP) - Samsung Electronics and SK hynix may need to invest between 100 trillion won and 120 trillion won ($74–89 billion) in the United States from 2027 to 2030 to secure tariff exemptions, according to a new analysis by Nomura Securities. That would translate into annual investment of about 25 trillion won to 30 trillion won, or roughly a quarter of the two companies’ combined annual memory chip capital expenditure, estimated at 120 trillion won January 21, 2026

Modern interpretation of ancestral ritual dance wins award in New York SEOUL, January 21 (AJP) - "One Dance," a contemporary interpretation of South Korea's royal ancestral ritual presented by the Sejong Center for the Performing Arts, won an award in New York on Tuesday. It won the New York Dance and Performance Awards, also known as the Bessie Awards, which annually honor outstanding achievements by independent dance artists. Choreographers Jung Hye-jin, Kim Seong-hun, and Kim Jae-deok, who collaborated on the modern adaptation of a January 21, 2026

Korean won rebounds after president signals KRW–USD range SEOUL, January 21 (AJP) - The Korean won, which briefly revisited the perceived government defense line of 1,480 per dollar before markets opened Wednesday, rebounded sharply after President Lee Jae Myung publicly referred to a specific range for the exchange rate. During a televised New Year’s press conference, Lee addressed the won’s prolonged weakness, noting that the depreciation was not “a uniquely Korean phenomenon” but reflected broader geopoli January 21, 2026

Incheon signs MOU with U.S. Kessler Collection for I-CON City project in Cheongna SEOUL, January 21 (AJP) - Incheon City on Wednesday signed a memorandum of understanding with U.S. hospitality company The Kessler Collection and Korea Land and Housing Corporation (LH) to jointly pursue a $1.4 billion culture and tourism complex in Cheongna International City. The agreement was signed at Incheon City Hall by Incheon Mayor Yoo Jeong-bok, Richard C. Kessler, chairman and founder of The Kessler Collection, and Kang Oh-soon, head of LH’s Regional Balanced Develop January 21, 2026

New catalyst design boosts hydrogen efficiency while cutting costs SEOUL, January 21 (AJP) - Researchers in South Korea have developed a new structure for catalysts that significantly reduces the amount of expensive precious metals required for hydrogen production and fuel cells. A team led by Professor Cho Eun-ae from the Department of Materials Science and Engineering at the Korea Advanced Institute of Science and Technology (KAIST) announced on January 21 that they have successfully created ultra-thin nanosheets that outperform traditional par January 21, 2026

Jeju Air bans in-flight use of portable battery packs SEOUL, January 21 (AJP) - South Korean low-cost carrier Jeju Air said on Wednesday it will ban the use of portable battery packs on board its aircraft starting Jan. 22, citing the risk of lithium-ion battery fires. The measure applies to all passengers on domestic and international flights and prohibits using portable battery packs to charge devices such as mobile phones and tablet computers during flights. Under existing transport ministry guidelines, charging portable batte January 21, 2026

Com2uS baseball games top 1 trillion won in cumulative revenue SEOUL, January 21 (AJP) - South Korean game developer Com2uS said on Wednesday that cumulative revenue from its baseball game titles has exceeded 1 trillion won ($750 million). The company attributed the milestone to the expansion of its lineup of officially licensed baseball titles tied to major leagues including the Korea Baseball Organization (KBO) and Major League Baseball (MLB), beginning with the 2015 launch of Com2uS Pro Baseball 3D. Com2uS cited steady growth in user January 21, 2026

Hanwha Ocean wins $550 million orders for 2 LNG carriers SEOUL, January 21 (AJP) - Hanwha Ocean has secured new liquefied natural gas (LNG) carrier orders, adding to a solid start to the year as the South Korean shipbuilder focuses on high-value vessels. In a regulatory filing on Wednesday, the company said it signed shipbuilding contracts for two LNG carriers with a total value of 738.3 billion won ($550 million). The vessels will be delivered sequentially, though no timetable was disclosed. Including the latest contracts, Hanwha Oc January 21, 2026

KOSPI recovers early losses, buoyed by surge in foreign buying SEOUL, January 21 (AJP) - South Korean stocks reversed early losses Wednesday morning, buoyed by strong foreign buying and a sharp rebound in the won, even as global markets remained cautious amid lingering trade uncertainty from U.S. President Donald Trump's tariff pressures. As of 10:40 a.m., just a few hours into the day's trading, the benchmark KOSPI was up 0.43 percent at 4,907.1, rebounding from an earlier 0.6 percent decline. The KOSPI 200 rose 0.9 percent to 715.3, s January 21, 2026

Lee reaffirms conciliatory stance toward North Korea SEOUL, January 21 (AJP) - President Lee Jae-myung on Wednesday reaffirmed his conciliatory approach toward North Korea to help reduce tensions on the Korean Peninsula. In a televised press conference marking the new year at Cheong Wa Dae in central Seoul, Lee pledged to "move forward without wavering toward a future of peaceful coexistence and shared growth," adding that peace-backed stable growth could enable the economy to "take another leap." He added that January 21, 2026