KG Mobility's cumulative sales in Turkey top 50,000 vehicles SEOUL, January 30 (AJP) - South Korean automaker KG Mobility (KGM) said on Friday that cumulative vehicle sales in Turkey, one of its key export markets, exceeded 50,000 units through last year. The company said it maintained strong momentum through improved product competitiveness and aggressive marketing, exporting 11,122 vehicles to Turkey in 2024 and 13,337 in 2025. Turkey was KGM’s largest export market over the 2024–2025 period and accounted for 19 percent of i January 30, 2026

South Korea vs. North Korea: Why a war scenario defies conventional logic SEOUL, January 30 (AJP) - The two Koreas are de facto still at war, separated by the world’s most heavily fortified border. That reality has locked both states into an unusually intense and enduring investment in defense. South Korea has sought leverage through an alliance with the world’s dominant military power, the United States. North Korea, unable to fully rely even on like-minded partners such as China and Russia, has instead pursued deterrence through nuclear arma January 30, 2026

Trade minister to hold further talks with US officials after Trump threatens higher tariffs SEOUL, January 30 (AJP) - South Korea will continue talks with U.S. trade officials this week to resolve any misunderstanding after U.S. President Donald Trump's abrupt threat to raise tariffs on its closest ally earlier this week. Just a day after his arrival in Washington, D.C., Minister of Trade and Industry Kim Jung-kwan met with U.S. Commerce Secretary Howard Lutnick on Thursday to figure out what is behind Trump's tariff threat. Trump on Monday warned he would raise January 30, 2026

Semiconductor rally lifts KOSPI to fresh record as SK hynix tops 900,000 won SEOUL, January 30 (AJP) – Asian equities opened higher on Friday, with South Korean stocks leading the way. The KOSPI extended its rally to another intraday record, with SK hynix breaking above a new milestone. SK hynix shares climbed for a fourth straight session on Friday, breaking above the 900,000-won mark for the first time on record. As of 9:58 a.m. Seoul time, the stock was trading up 6.85 percent at 920,000 won. Improved investor sentiment followed its record ea January 30, 2026

Former justice minister named special ambassador for climate SEOUL, January 30 (AJP) - Former Justice Minister Kang Kum-sil has been named South Korea's special ambassador for climate and environment, the Foreign Ministry said on Friday. She will take up the one-year ambassadorial role to tackle climate and environmental issues while promoting the government's efforts. Having served as the country's first female justice minister under the late Roh Moo-hyun administration, Kang also led the Democratic Party's (DP) election January 30, 2026

Daewoong Pharma inks $20.5 million Nabota supply contract for Mexico SEOUL, January 30 (AJP) - South Korea's Daewoong Pharmaceutical has signed a 29.5 billion won ($20.5 million) export contract to supply its botulinum toxin product Nabota to Mexico. With the agreement, Nabota has entered Mexico as well as Brazil, Argentina, Colombia and Chile — the five largest aesthetic and plastic-surgery markets in Latin America, according to the International Society of Aesthetic Plastic Surgery. Daewoong said it has expanded Nabota’s pres January 30, 2026

HD Korea Shipbuilding wins order for liquefied CO2 carriers SEOUL, January 30 (AJP) - HD Korea Shipbuilding & Offshore Engineering said on Friday it has secured an order to build two liquefied carbon dioxide carriers. The company said it recently signed a contract with Japanese shipping company Mitsui O.S.K. Lines, Ltd. to construct two LCO₂ carriers with a cargo capacity of 12,000 cubic meters each. The vessels will be built at HD Hyundai Heavy Industries’ shipyard in Ulsan and delivered to the shipowner in stages by the secon January 30, 2026

UPDATE: Korea's factory output strongest in four months in December, slows for full 2025 *Updated with additional information and market response SEOUL, January 30 (AJP) - South Korea’s factory output grew at its fastest pace in four months in December, driven by chip-led exports and a sharp rebound in construction, though growth slowed for full-year 2025 amid prolonged weakness in building activity. Mining and manufacturing production rose 1.7 percent from the previous month, rebounding from two consecutive contractions and accelerating from a 0.8 pe January 30, 2026

South Korea's ambassador to China wealthiest among senior officials SEOUL, January 30 (AJP) - Ambassador to China Roh Jae-heon declared assets worth 53 billion won (US$38 million), making him the wealthiest among high-ranking officials, according to figures released by the Government Ethics Committee on Friday. Most of the assets held by the eldest son of former President Roh Tae-woo are in real estate, including land, buildings and residential properties registered under his or his spouse's name, along with savings and other holdings. His mot January 30, 2026

'Buldak' boom powers Samyang to record revenue, profit SEOUL, January 30 (AJP) - South Korean noodle company Samyang Foods said it surpassed 2 trillion won in annual revenue for the first time since its founding, doubling sales in just two years on the back of strong overseas demand for its "Buldak" brand. In a regulatory filing on Friday, the company reported preliminary consolidated revenue of 2.35 trillion won for last year, up 36 percent from a year earlier, while operating profit jumped 52 percent to a record 523.9 bi January 30, 2026