Samsung unit enters humanoid robot market with investment in Norwegian robotics firm

SEOUL, December 10 (AJP) - Samsung Electro-Mechanics said Wednesday it has made a strategic investment in Norwegian electric motor company Alva Industries, marking its entry into the humanoid robot components market. Alva Industries said on its website on Dec. 9 that it will work with Samsung Electro-Mechanics on the development of advanced motor drive solutions for robots, following a multi-million euro investment. Founded in 2017, Alva is known for its proprietary fiber-p

December 10, 2025

South Korea's government opens talks on nuclear expansion in drafting long-term power plan

SEOUL, December 10 (AJP) - South Korea is drafting a long-term energy roadmap that prioritizes renewable power while accelerating a phase-out of coal and reopening debate over the construction of new nuclear reactors. On Wednesday, the Ministry of Climate and Energy convened the first general committee meeting for electricity supply and demand at the government complex in Seoul, chaired by Minister Kim Sung-hwan. Updated every two years, the plan sets out national power demand f

December 10, 2025

South Korea to host 4th UN Ocean Conference in 2028

SEOUL, December 10 (AJP) - South Korea will host the 4th United Nations Ocean Conference in June 2028 after the UN General Assembly adopted a resolution endorsing the bid in New York on Dec. 9, the Ministry of Oceans and Fisheries and the Ministry of Foreign Affairs said Wednesday. The UN Ocean Conference, held every three years, is the world’s largest high-level maritime meeting, focused on implementing Sustainable Development Goal 14, which seeks to conserve and sustainably

December 10, 2025

ADB raises South Korea's 2025 growth outlook to 0.9% on stimulus, chip demand

SEOUL, December 10 (AJP) - The Asian Development Bank (ADB) raised its 2025 economic growth forecast for South Korea to 0.9 percent from 0.8 percent, citing the impact of government stimulus measures and stronger global demand for semiconductors. In its latest regional outlook, the ADB also lifted its projection for 2026 growth to 1.7 percent from 1.6 percent. The ADB’s 0.9 percent growth estimate aligns with forecasts from the International Monetary Fund (IMF)

December 10, 2025

Korean memory makers eye bumper year to extend into 2026

SEOUL, December 09 (AJP) - Samsung Electronics Co. and SK hynix Inc., enjoying their best-yet bumper cycle, are set to reap more than $20 billion in combined operating income for the quarter ending December, according to upgrades by brokerage houses following stronger-than-expected price gains in memory chips from mass-market to high end. Kiwoom Securities on Monday projected SK hynix’s fourth-quarter operating profit at 16.2 trillion won ($11 billion), about 1.6 trillion won

December 9, 2025

3M turns to robotics to meet strict Korean standards for automated tapes

HWASUNG, December 09 (AJP) - A multi-axis industrial robot sweeps deliberately across a component panel, its joints pivoting with an almost animal-like fluidity. From a needle-fine nozzle, it extrudes a glossy black ribbon of liquid-form tape that catches the overhead lights before settling into a perfect line. As the machine arcs over curved ridges and dips into semi-circular edges — surfaces that typically force human technicians to slow their breathing and reset their

December 9, 2025

Mercedes-Benz–LG deal marks latest harvest from Korea's high-stakes LFP bet

SEOUL, December 09 (AJP) - Behind LG Energy Solution's latest $1.4 billion breakthrough with Mercedes-Benz lies a strategic gamble South Korea placed years ago: a belated but deliberate expansion into mid-to-lower-end rechargeable batteries even as China dominated the field. That pivot is now paying dividends as surging demand from AI data centers, along with Western efforts to diversify supply chains away from China, creates fresh openings for Korean players. The long-term

December 9, 2025

Naver's shopping app emerges as Korea's fastest-growing e-commerce platform

SEOUL, December 09 (AJP) - Naver’s shopping app, Naver Plus Store, has emerged as the fastest-growing platform in South Korea’s e-commerce market this year, according to market data. Data from Sensor Tower released on Tuesday showed that Naver Plus Store ranked first in both downloads and growth in South Korea between January and October, underscoring the success of Naver’s strategy to launch a standalone, AI-focused commerce application. While Coupang conti

December 9, 2025

Leverage rises in Korean stock market amid expectations of year-end rally

SEOUL, December 09 (AJP) - South Korean retail investors have pushed margin loan balances above 27 trillion won for the first time, driven by growing expectations of a year-end “Santa rally." As of Dec. 5, outstanding margin loans stood at a record 27.076 trillion won. Margin loans — funds borrowed from securities firms to purchase stocks — are widely seen as a barometer of leveraged retail trading activity. Stock-backed loans also increased sharply, ris

December 9, 2025

South Korea finds some 'goose down' jackets sold online contain mostly duck feathers

SEOUL, December 09 (AJP) - Several padded jackets marketed as "goose down" on major South Korean fashion platforms were found to contain little or no goose feathers, with some products made almost entirely of duck down, the country's consumer watchdog said on Tuesday. The Korea Consumer Agency examined 24 goose down jackets sold on four online fashion platforms — W Concept, Musinsa, Ably and Zigzag — and discovered that five products failed to meet the indu

December 9, 2025