Latest
-
Korea weighs standardized vet fees to address runaway inflation in pet care
SEOUL, November 17 (AJP) - Three out of ten Korean households now own a pet, and the government is considering a standardized payment system for veterinary care to address soaring medical costs and widening price disparities. The move follows mounting public frustration over bills that vary dramatically by clinic and location. According to the Ministry of Agriculture, Food and Rural Affairs (MAFRA), the cost of a first-time checkup for a 5-kilogram pet ranges from as low as 1,000
November 17, 2025
-
Buldak dominates global hot-sauce shelves and fuels top line for Korean ramen maker
SEOUL, November 17 (AJP) - The Chinese have numbing-hot “mala,” the Mexicans have smoky “salsa,” and the Thai have sweet-spicy “sriracha.” But the enduring winner in the global chili-sauce canon is South Korea’s “buldak” — a magical blend of concentrated sweetness and addictive burn that has pushed its maker, Samyang Foods, to the top of the KOSPI’s food sector and made the stock almost unreachable for ordinary investo
November 17, 2025
-
Hyundai Motor to provide Staria vehicles for G20 delegates in South Africa
SEOUL, November 17 (AJP) - Hyundai Motor said Monday it will supply 30 Staria multi-purpose vehicles for the Group of 20 summit in Johannesburg, South Africa. The vehicles will be used to transport delegates during the Nov. 22-23 summit, which is expected to draw leaders from the G20 member nations as well as representatives from the European Union, African Union, United Nations, International Monetary Fund and World Bank. This year’s agenda centers on themes of solidarity
November 17, 2025
-
Korea-U.S. MoU elevates trade partnership to co-development and related stocks in Seoul
SEOUL, November 17 (AJP) - Korean shares in chipmaking, utilities, defense, energy infrastructure and shipbuilding climbed 1 to 5 percent on Monday, refueling the KOSPI's run while most Asian markets stayed lethargic on expectations of active cross-border ventures following a newly signed memorandum of understanding between Seoul and Washington that caps months of delayed talks on a broader trade and tariff deal. The electronically signed MoU positions South Korea not merely as
November 17, 2025
-
Korean AI firm showcases multilingual dubbing technology at global conference
SEOUL, November 17 (AJP) - Eastsoft, a South Korean AI services company, said Monday that its research on multilingual automatic dubbing has been accepted for presentation at EMNLP 2025, one of the field’s leading conferences. The company’s study introduces an end-to-end dubbing framework that uses large language models to synchronize translated audio with the timing and rhythm of the original video — a longstanding challenge for automated dubbing systems, whic
November 17, 2025
-
KAIST develops CT-style method to look inside light-based quantum computers
SEOUL, November 17 (AJP) - KAIST said on November 17 that its researchers have developed a way to look inside a light-based quantum computer almost like taking a CT scan. The idea is to make the machine’s hidden operations visible so researchers can understand how the device actually works. Light-based quantum computers use many small light signals that interact and become tangled with one another. This tangling makes the machines powerful, but it also makes them very hard t
November 17, 2025
-
South Korea to expand English-language disclosures for global investors
SEOUL, November 17 (AJP) - South Korea’s top financial regulator is moving to make corporate information more accessible to global investors, unveiling a new disclosure plan that would significantly expand English-language reporting and tighten transparency around shareholder meetings and executive pay. The Financial Services Commission announced the proposed changes on Monday in an effort to strengthen shareholder rights and bring local practices closer to international s
November 17, 2025
-
Chip sales to the U.S. and Nvidia take up 70% and 27% of SK hynix revenue as of Sept
SEOUL, November 17 (AJP) -SK hynix sold 45.18 trillion won ($31 billion) worth of memory chips to the United States as of September this year, up 65 percent from the seven-month period of last year and taking up 70 percent of the South Korean chipmaker's revenue as of the third quarter. According to the full third-quarter disclosure, the chipmaker owed 17.35 trillion won in revenue to a single buyer as of September, more than doubling from 6.1 trillion won in the same period a
November 17, 2025
-
HD Hyundai to supply 230 electric forklifts to Venezuela's Polar Group
SEOUL, November 17 (AJP) - HD Hyundai Site Solutions has secured its largest electric forklift contract in Latin America, winning an order from Venezuela’s Polar Group. The company said Monday it will supply 230 electric forklifts to Polar, the country’s biggest food producer, with deliveries scheduled through January 2026. The deal, valued at more than 10 billion won, includes 178 units in the 2-ton class and 52 heavier models in the 3-ton and 4.5-ton ranges. HD
November 17, 2025
-
Hyundai Glovis completes shipment of tanks, howitzers to Poland
SEOUL, November 17 (AJP) - Hyundai Glovis, the logistics arm of Hyundai Motor Group, said Monday it has completed another shipment of South Korean-made military equipment to Europe, as the company expands its role in the region’s defense supply chain. The company delivered 20 K2 main battle tanks built by Hyundai Rotem and 21 K9 self-propelled howitzers produced by Hanwha Aerospace to the Polish port of Gdansk on Nov. 13. The hardware was transported aboard Hyundai Glovis&
November 17, 2025