Samsung Electronics Executive Chair Lee Jae-yong visited the company's advanced semiconductor packaging research facility in Japan on Sunday, emphasizing the need to secure cutting-edge packaging technologies to sharpen its competitive edge in AI chips. Lee inspected the Advanced Package Lab in Yokohama, where he reviewed progress in developing next-generation packaging materials and manufacturing processes with local researchers. He also discussed ways to strengthen cooperation with Japan’s sem

Germany and Asia-Pacific economies are seeking to deepen industrial cooperation in artificial intelligence, semiconductors and advanced manufacturing, as escalating trade tensions and geopolitical uncertainty drive efforts to diversify partnerships and secure future growth. The push took center stage at the 19th Asia-Pacific Conference of German Business, or APK 2026, held in Seoul from Thursday to Saturday. The high-profile gathering brought together German Chancellor Friedrich Merz, South Kore

About 50 senior executives from Samsung Group met with OpenAI CEO Sam Altman on Saturday to discuss how artificial intelligence could transform corporate management and create new business opportunities. Samsung said it hosted the meeting at its Human Resources Development Center in Yongin, Gyeonggi Province, bringing together presidents and other top executives from major affiliates spanning electronics, finance and biotechnology. Under the theme “The Next 10 Years Shaped by AI: The Enterprise’

A group of hikers walks through fields of silver grass in full bloom near the summit of Mount Mindungsan in Jeongseon, Gangwon Province, on Saturday, enjoying the picturesque scenery of late autumn. Tourist destinations across South Korea drew visitors seeking to enjoy the fall foliage and crisp weather, as temperatures dipped from the previous day. On Saturday, Seoul reached around 15 degrees Celsius, while southern cities remained relatively mild at around 20 degrees. Colder weather is forecas

South Korean President Lee Jae Myung said Saturday that the country should continue supporting multicultural families but must correct policies that are unreasonable or result in reverse discrimination. “Support for multicultural families is necessary, but that does not justify specific policies that are unreasonable or lead to reverse discrimination,” Lee wrote on X, formerly Twitter. “Just because a general principle is right does not mean every specific policy based on it is also right,” he a

Hanwha Defense USA, the US subsidiary of Hanwha Aerospace, has secured a $269 million deal to construct a medium landing ship, or LSM, for the US Navy and Marine Corps at its Philly shipyard, marking a major step in the South Korean defense group's push into the American naval shipbuilding market. The company said Friday it was selected by US maritime services company Tote Services to build one LSM, with options for three additional vessels. The deal marks Hanwha Group’s first order to build a n

The top diplomats of South Korea, the US and Japan reaffirmed their commitment to the complete denuclearization of North Korea and the full implementation of UN Security Council resolutions during trilateral talks on Friday. South Korean Foreign Minister Cho Hyun met with US Secretary of State Marco Rubio and Japanese Foreign Minister Toshimitsu Motegi on the sidelines of the Group of 20 meeting in Atlanta, US, according to the countries’ foreign ministries. The talks marked their first trilater

Posco Future M has signed an agreement with LG Energy Solution to supply 720,000 metric tons of battery materials over seven years starting in 2027, expanding their partnership to include lithium iron phosphate cathodes and synthetic graphite anodes for the first time. The South Korean battery materials maker said it signed a memorandum of understanding with battery maker LG Energy Solution to strengthen cooperation on battery materials and jointly respond to shifting market conditions and globa

The Korea International Trade Association wrapped up a four-day trade mission to the United Arab Emirates and Morocco this week, aiming to help Korean consumer goods companies broaden their reach in the Middle East and North Africa. Led by KITA Executive Vice Chair Lee In-ho, the mission traveled to the UAE and Morocco from Monday to Thursday, bringing together eight Korean companies in cosmetics, medical supplies and food products to seek export opportunities and build stronger ties with local

Hyundai Motor on Thursday said its third-quarter operating profit climbed 5.5 percent from a year ago, driven by strong hybrid sales and favorable exchange rates, even as labor strikes and weakening global demand weighed on vehicle sales and revenue. South Korea’s largest carmaker posted an operating profit of 2.7 trillion won ($2.02 billion) for the July-September period, up from about 2.54 trillion won a year earlier, according to a regulatory filing. Revenue fell 3.4 percent on-year to 45.11

Samsung SDI returned to an operating profit in the third quarter, driven by robust demand for energy storage systems and backup batteries amid the rapid expansion of artificial intelligence data centers. The South Korean battery maker posted an operating profit of 407.8 billion won ($305 million) for the July-September period, reversing a loss of 591.3 billion won a year earlier, according to a regulatory filing. Revenue jumped 52.6 percent on-year to 4.69 trillion won. The company’s profit doub

By Business & Finance Desk Some of Germany's most influential corporate leaders head to Seoul this week for the Asia-Pacific Conference of German Business 2026, bringing together executives across manufacturing, logistics, finance, pharmaceuticals and defense. Running Oct. 29 to 31, the conference comes as German businesses reassess their strategies in Asia amid geopolitical tensions, shifting trade policies and intensifying competition in advanced technologies. Hosting the gathering offers Sout

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Wednesday its third-quarter operating profit rose 37.3 percent from a year earlier, driven by higher ship prices and strong earnings from its engine and offshore businesses. For the July-September period, HD KSOE posted an operating profit of 1.45 trillion won ($1.08 billion), while revenue rose 9.3 percent on-year to 8.29 trillion won, the company said in a regulatory fi

South Korea is set to welcome top executives and policymakers from Germany and across the Asia-Pacific region this week for a high-profile business forum focused on industrial cooperation, artificial intelligence and supply chain resilience amid rising geopolitical and trade uncertainty. The 19th Asia-Pacific Conference of German Business, or APK 2026, will take place in Seoul from Thursday to Saturday. The event brings together about 750 business executives, policymakers and industry representa

South Korean shipbuilder Hanwha Ocean said Tuesday that its third-quarter operating profit jumped 67.6 percent from a year earlier, driven by strong earnings and a recovery in its offshore energy business. Operating profit from July to September reached 485.7 billion won ($366.8 million), up from 289.8 billion won a year earlier, the company said in a regulatory filing. Revenue rose 12.9 percent on-year to 3.41 trillion won, while net profit plunged 46.1 percent to 145.1 billion won. The results