Global Food Machinery Industry Sales, Revenue, Gross Margin, Market Share, by Regions (2013-2025)

U.S. Pacific Command (PACOM) said Monday that North Korea launched two ballistic missiles recently while stressing that the move poses no immediate threat to the United States or its allies. "The Democratic People's Republic of Korea launched two ballistic missiles on October 12, 2026 (KST)," the command said in a statement, referring to North Korea by its official name. The command said it was aware of the launches and was consulting closely with its allies and partners. "Based on current assessments, this event does not pose an immediate threat to U.S. personnel or territory, or to our allies," it said. It added that the U.S. remains "committed to the defense of the U.S. homeland and our allies in the region." South Korea's Joint Chiefs of Staff (JCS) said Monday (Korea time) it detected the launch at about 9:20 a.m. from the Pyongyang area and that at least one of the missiles flew more than 900 kilometers. The North's latest missile launch came after it fired one ballistic missile from the Wonsan area toward the East Sea on Oct. 3.

A Sejong University professor has collaborated with a researcher at Finland’s Aalto University to examine how university students’ academic backgrounds relate to their problem-solving approaches. The researchers are Jang Hye-won, a professor at Sejong University’s Office of Educational Innovation, and Petter Holme, a professor of computer science at Aalto University. They analyzed 84 written solutions from a first-year physics course at Harvard University, systematically organizing information about students’ assumptions and reasoning sequences to examine how their approaches differed by academic background. The study was published online last month in the International Journal of Science and Mathematics Education under the title “Through Different Lenses: Connecting Educational Backgrounds to Fermi Problem-Solving Pathways.” The study used a Fermi problem, which requires people to make reasonable assumptions and arrive at approximate answers despite limited information. Such problems require learners to identify relevant variables, make reasonable estimates and assess whether

Drought conditions have been reported in 97 regions across the country, with the situation particularly severe in Yeongcheon, North Gyeongsang Province, the interior ministry said Tuesday. Water storage levels in agricultural reservoirs nationwide stood at just 70 percent of the average for a normal year, the ministry said in its October drought report. The cumulative precipitation nationwide over the six months from April 2 to Oct. 1 totaled 783.3 millimeters, or 72.5 percent of the normal year average, the ministry said. As a result, meteorological drought conditions had been observed in 97 regions across the country as of Oct. 1. Of the 97 regions, 74 were classified as experiencing mild drought and 22 as moderate drought, while Yeongcheon, some 300 kilometers southeast of Seoul, was experiencing severe drought. However, the drought in Yeongcheon is expected to ease by the end of the year, as precipitation is forecast to be above normal in November and December, the ministry said.

The arms procurement agency said Tuesday it will speed up the development of nuclear-powered submarines and acquisition of artificial intelligence (AI)-based combat assets, including unmanned and counter-drone systems. The Defense Acquisition Program Administration (DAPA) unveiled the plan in a parliamentary audit, as part of a broader road map to secure core capabilities for "self-reliant" defense amid Seoul's efforts to retake wartime operational control (OPCON) of troops from Washington and North Korea's evolving military threats. "The agency will leverage existing organizations and capabilities to develop a nuclear propulsion system and establish a blueprint to construct nuclear-powered submarines," DAPA said in a document submitted to lawmakers. "We plan to launch a full-scale acquisition of combat unmanned systems, such as combat uncrewed surface vessels and small attack drones, as well as anti-drone networks, including laser air defense weapons and integrated counter-drone systems for front-line border areas," the agency said. South Korea is pushing to build nuclear-powered attack

President Lee Jae Myung on Tuesday stressed the importance of the country's alliance with the United States but also noted a submissive stance should be shunned in pursuing diplomacy. The president made the remarks at a Cabinet meeting, amid concerns over apparent friction in the Seoul-Washington alliance, highlighted by South Korea facing limitations in intelligence sharing by the U.S. Lee said diplomacy should be focused on safeguarding national interests, while emphasizing that differences can arise between countries. "Diplomacy should be pursued in a way that always upholds South Korea's dignity and safeguards its national interests (while) any submissive or kowtowing stance should be shunned," the president noted. "The guiding principle of South Korea's diplomacy is pragmatism. The most important thing for South Korea is its national interests," Lee stressed. His remarks come as South Korea continues to face restrictions on intelligence sharing by Washington, reportedly over the South Korean unification minister's previous remarks identifying North Korea's Kusong as a site housing a

CJ OliveNetworks, the information technology services affiliate of CJ Group, is running a hands-on coding camp for elementary school students in Bucheon, Gyeonggi Province, to teach them how artificial intelligence (AI) and self-driving cars work, the company said Tuesday. The AX Creative Camp is part of the Gyeonggi Provincial Office of Education’s Sinnaneun Gongyu Hakgyo, or “Exciting Sharing School,” program. AX refers to “AI transformation,” the use of AI across business operations. This is the second year the company has held the camp, in which employees use their AI expertise to teach coding classes as part of its corporate social responsibility work. The education office’s program is an after-school learning platform built with local community groups to help students find their interests and learn on their own. Some 130,000 students took part in about 7,200 programs last year, covering arts, sports and AI. This year’s camp is open to elementary students in the area covered by the Bucheon office of education. Lessons move step by step from the basic principles of sel

Exposure to the artificial intelligence (AI) supply chain is splitting the third-quarter earnings outlooks for LG Innotek and Samsung Electro-Mechanics. The former faces weaker earnings prospects because of its optics-heavy sales mix and sensitivity to foreign exchange fluctuations, while the latter is offsetting currency-related pressure with a growing contribution from multilayer ceramic capacitors (MLCCs) and semiconductor substrates. According to market tracker FnGuide on Tuesday, brokerages’ consensus estimate for LG Innotek’s third-quarter operating profit stood at 202.9 billion won ($152 million), down 32.8 percent from 302 billion won a month earlier. The revenue forecast was also lowered to 6.1 trillion won from 6.32 trillion won over the same period. The worsening earnings outlook weighed on LG Innotek shares, which plunged 15.47 percent on Monday. The biggest factor appears to be foreign exchange fluctuations, as raw materials and inventories purchased or produced when the won was weaker are being reflected in sales at a stronger won, hurting profit margins. “The sharp de

LG Uplus is upgrading the artificial intelligence (AI) search engine in its customer app into an active agent that completes tasks rather than just answering questions, the company said Tuesday. Korea’s third-largest mobile carrier is gradually converting the AI search in U+one, its all-in-one customer app, into what it calls an “actionable AI agent.” Through U+one, subscribers can check their plans and bills, make payments and sign up for services such as roaming and add-ons. The company launched a bill payment agent in August and a roaming agent in September. The previous AI search answered queries and then sent users to the relevant app screen. The new agents analyze customers’ actual usage data, recommend services and complete payments or sign-ups once the user confirms, all within a single conversation. The bill payment agent answers questions such as “How much is my bill this month?” When a bill has changed from the previous month, it explains why by breaking down items such as roaming, add-on services, small mobile payments and device installments. Users can pay without

As artificial intelligence (AI) drives demand for ever-faster computing, Kim Joung-ho, a professor from Korea Advanced Institute of Science & Technology (KAIST), credited with helping lay the foundations for high-bandwidth memory (HBM), will receive a science and technology innovation award recognizing his contributions to Korea’s semiconductor industry. The Daejeon Development Committee will present the Science and Technology Innovation Award to Kim at 11 a.m. on Thursday at Lotte City Hotel Daejeon, honoring the professor for his research and role in advancing the development and commercialization of HBM. Kim, a professor in KAIST’s School of Electrical Engineering, has spent three decades researching next-generation memory technologies, including HBM, high-bandwidth flash and high-bandwidth SRAM, according to the committee. He proposed core concepts and the basic architecture of HBM and participated in key design and technology validation work during its development in 2009, contributing to SK hynix’s commercialization of the technology in December 2013, which the committee des

Samsung Electronics showcased next-generation memory and storage technologies at the 2026 OCP Global Summit in the United States on Monday (local time), highlighting its efforts to improve artificial intelligence (AI) infrastructure and expand cooperation with global technology companies. The Korean tech giant jointly demonstrated a memory expansion solution with AMD and displayed products related to AI chipmakers Groq and Nvidia at the event, where Samsung participated as a Diamond Sponsor. As AI models grow larger and AI agents handle increasingly complex tasks, demand is rising for memory capacity, faster data processing and more efficient storage. Samsung presented technologies designed to address these challenges across three areas: computing speed, memory expansion and data storage. A key highlight was the joint demonstration with AMD of a Compute Express Link (CXL)-based memory expansion solution. CXL allows processors and other computing components to share memory resources, helping AI systems access additional capacity without relying solely on memory installed directly in indi

Sales of bonds and certificates of deposits (CDs) in Korea rose more than 11 percent in the third quarter of this year from a year earlier, data showed Tuesday. The value of debt instruments issued during the third quarter came to 178.3 trillion won ($134 billion), up 11.1 percent from a year earlier, according to the data from the Korea Securities Depository. Bond sales jumped 13.8 percent on-year to 166.4 trillion won, while CD issuance sank 16.8 percent to 11.9 trillion won. Compared with a quarter ago, however, sales of bonds and CDs fell 1.9 percent. The Bank of Korea lifted its key rate to 3 percent over two straight meetings in July and August, marking the first back-to-back rate hikes since January 2023.

SK earthon, a Korean oil exploration and production (E&P) company, said Tuesday oil production has recently begun at an offshore field in Vietnam where it holds a stake. U.S.-based Murphy Oil Corp., the operator of Block 15-1/05, began production at the Lac Da Vang field in the Cuu Long Basin late last month, SK earthon said in a press release. SK earthon holds a 25 percent stake in the block, having invested in the project in 2007. Murphy Oil and Vietnam's state-run PetroVietnam Exploration Production Corp. (PVEP) hold 40 percent and 35 percent stakes, respectively. The block is estimated to contain total oil reserves of 60 million barrels, with production expected to reach up to 25,000 barrels per day when the project is fully developed, the company said. "We will continue to expand its oil exploration and development activities in Vietnam to secure a stable energy supply amid rising geopolitical tensions and supply chain disruptions," a company official said. SK earthon has been expanding its E&P operations in China and Southeast Asia to help improve the profitability of its parent com