Olympus Korea will discontinue its camera business on June 30 due to low profitability and will shift its focus on medical equipment and science solutions.
The Korean unit of the Japan-headquartered firm that makes optics and photography products will also close its store and online shopping mall next month.
Olympus Korea will keep operating the service facility for repairing and exchanging products until March 31, 2026.
The company tried to improve its profitability with mirrorless cameras and interchangeable lenses, but as South Korea's camera market shrank considerably, it had to withdraw from the business.
Among Olympus Korea's other offerings are endoscopy and surgical equipment and microscopes.
The company has a medical training and education center in Incheon, which it opened in 2017.
Olympus Korea denied that their decision is in support of an ongoing anti-Japan sentiment and boycott all Japanese products in South Korea.


AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment
Super Micro Employees Detained in Taiwan AI Server Export Investigation
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone
easyJet Agrees in Principle to £5.23 Billion Castlelake Takeover Offer
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 



