LIG Nex1, Doosan, Hyosung Heavy included in MSCI index SEOUL, August 8 (AJP) - Global index provider MSCI has added three South Korean companies to its Korea Index in its latest quarterly rebalancing, while removing three others. The new additions, announced Thursday (local time), include defense contractor LIG Nex1, construction and robotics firm Doosan, and electric motor manufacturer Hyosung Heavy Industries. Companies dropped from the index are food and biotechnology conglomerate CJ CheilJedang, electric components maker LG Innot August 8, 2025

POSCO's construction unit under full government probe following repeated worker deaths SEOUL, August 08 (AJP) - South Korea’s Ministry of Land, Infrastructure and Transport has launched a sweeping safety inspection of nearly 100 construction sites operated by POSCO Engineering & Construction, the government announced Thursday, in the wake of a series of fatal workplace accidents. The probe, which began in late July, targets construction sites where POSCO E&C is the main contractor. The company, a subsidiary of steel giant POSCO Holdings, has faced moun August 8, 2025

PHOTOS: Zoos help animals beat heat SEOUL, August 08 (AJP) - As sweltering summer temperatures bear down, the challenges for zoo animals are significant. The intense heat often leads to considerable stress, making it difficult for many species to cope. In response, zookeepers are providing cool, nourishing meals and other relief efforts to help the animals regain their energy and find comfort. This collection of photographs offers a glimpse into the creative ways zoos are helping their residents endure the season August 8, 2025

Naver's second quarter net profit jumps nearly 50 percent SEOUL, August 8 (AJP) - Naver, South Korea’s largest internet company, said on Friday that its second-quarter net profit surged nearly 50 percent from a year earlier, aided by a base effect tied to changes in its corporate structure and gains across its core business segments. Net income for the April-to-June period rose to 497.4 billion won, or about $359.6 million, the company said in a regulatory filing. That marks a 47.9 percent increase from the same period last year. August 8, 2025

Samsung Electronics, SK hynix could avoid US chip tariffs under new Trump policy SEOUL, August 8 (AJP) - The Trump administration will waive newly announced semiconductor tariffs for companies that commit to building manufacturing facilities in the United States during President Donald Trump’s current term, the Commerce Secretary said on Thursday (local time), signaling a possible reprieve for major South Korean chipmakers including Samsung Electronics and SK hynix. In an interview with Fox News, Secretary Howard Lutnick sought to clarify President Trump&r August 8, 2025

From optics to AI: Canon's bold bet on future of imaging Editor's Note: This article is the 30th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, August 06 (AJP) - Once a small precision optics workshop in Tokyo, Canon Inc. has evolved into one of Asia’s most prominent technology conglomerates. In 2025, the Japanese company is sharpening its focus on artificial intelligence and sustainable manufactu August 8, 2025

[K-Culture] Hanbok Expo weaves tradition into four seasons SEOUL, August 7 (AJP) - The vibrant energy of South Korea's four seasons came to life through hanbok, the country's traditional clothing. The 2025 Hanbok Expo, a four-day expo launched on Thursday at COEX in southern Seoul, featured a fashion show that highlighted the elegance of the country's traditional attire through seasonal fabrics. Professor Shim Yeon-ok of the Korea National University of Cultural Heritage, who directed the fashion show, said August 7, 2025

[K-Beauty] South Korea's SME minister pledges export support amid US tariff concerns SEOUL, August 07 (AJP) - South Korean Minister of SMEs and Startups Han Seong-sook said Wednesday the government will help maintain global competitiveness in key export sectors, including K-beauty and used cars, amid rising trade tensions with the United States. Han made the remarks during a meeting with export-focused small and medium enterprises (SMEs) at a logistics center, owned by a beauty product retailer Silicon2, located in Gwangju, south of Seoul. The session focused on August 7, 2025

Ex-first lady Kim faces possible arrest over stock and bribery charges SEOUL, August 7 (AJP) - On Thursday, a team of independent prosecutors requested an arrest warrant for former first lady Kim Keon Hee, 36 days after launching an investigation into multiple allegations. If approved, it would mark the first time in South Korean history that a former president and first lady are jailed at the same time. Her husband, disgraced former President Yoon Suk Yeol, has been in custody at a detention center in Uiwang, Gyeonggi Province, since early last month August 7, 2025

[K-Tech] South Korea's fintech giants gear up for stablecoin battle SEOUL, August 7 (AJP) - South Korean fintech companies are forming dedicated task forces and ramping up preparations as expectations mount for the introduction of won-backed stablecoins in the country. Stablecoins, digital tokens typically pegged to fiat currencies like the U.S. dollar or euro, have gained traction globally for their potential to enable faster, lower-cost transactions while promising greater price stability. Following the fintech sector's growing interest in August 7, 2025