SEOUL, November 18 (AJP) - Subzero temperatures swept across the country on Tuesday, with the mercury in Seoul dropping to -2 degree Celsius. According to the Korea Meteorological Administration, morning lows plummeted about five to ten degrees colder than the previous day as a cold air front descended from the north overnight. Most inland regions and eastern Gangwon areas were also gripped by subzero temperatures, with Goseong at -12.1 degrees, Yeoncheon at -8.2 degrees, and

SEOUL, November 18 (AJP) - Asian markets fell broadly on Tuesday morning, dragged down by sharp losses in Nvidia-linked stocks after renewed selling by major U.S. hedge funds, while the “Baby Shark” creator’s KOSDAQ debut drew less fanfare than expected. South Korea’s benchmark KOSPI dropped 1.55 percent to 4,025.95 as of 10:30 a.m., pressured by reports that Thiel Macro — the hedge fund founded by Palantir Technologies chairman Peter Thiel — ha

SEOUL, November 18 (AJP) - Hyosung Chairman Cho Hyun-joon is moving to turn the company’s Memphis transformer plant into the largest facility of its kind in the United States, as demand for high-voltage equipment rises alongside the nation’s aging grid and a rapid build-out of AI-driven data centers. Hyosung Heavy Industries said Tuesday it will invest $157 million to boost the plant’s production capacity by more than 50 percent by 2028. The expansion is part o

SEOUL, November 18 (AJP) - South Korean institutional investors have emerged as the primary force behind the KOSPI’s world-leading rally this year, reaping sizable gains from their long-position strategy fueled largely through exchange-traded funds (ETFs). Domestic financial institutions made aggressive bets on Korean equities via ETFs, significantly boosting their bottom line. According to the Korea Exchange, foreigners have been net sellers of 5.86 trillion won

SEOUL, November 18 (AJP) - Nearly half of high-ranking government officials including lawmakers own two or more homes, a recent analysis shows. The analysis of some 2,581 senior officials, released by corporate tracker Leaders Index on Tuesday, found that 48.8 percent hold multiple homes, with 17.8 percent owning at least three. Real estate accounts for 58.7 percent of their total assets estimated at 5.71 trillion won. Apartments make up 58.9 percent, followed by sprawling pr

SEOUL, November 18 (AJP) - LG H&H's wearable skincare device “Hyper Rejuvenating Eye Patch” has been named the winner of CES 2026 Innovation Award in the beauty tech category, the company said Tuesday. The product combines skin-analysis algorithms, customized ingredient delivery and controlled light therapy in a lightweight wearable. The system comprises an AI-based skin diagnosis program, a bio-mimicking patch, a flexible LED patch and a headband controller.

SEOUL, November 18 (AJP) - POSCO Group Chairman Jang In-hwa called for stepped-up technological innovation to help the steel conglomerate manage an increasingly unpredictable business landscape, telling employees the company must accelerate development efforts and reinforce long-term competitiveness. Speaking Tuesday at the POSCO Group Tech Forum, Jang said the company needs a more collaborative approach to research and development as it adapts to shifts in global supply chains

SEOUL, November 17 (AJP) - As the cold grip of winter descends, kimchi transcends its role as a staple food in South Korea to become a powerful symbol of communal love and sharing. This spirit was vividly on display in Seoul on Nov. 17, where a massive kimchi-making event took place at Garak Market in Songpa-gu. It was to prepare thousands of heads of kimchi destined for low-income families and elderly residents living alone. Enduring the biting wind, volunteers worked tireless

SEOUL, November 18 (AJP) - North Korea denounced a joint fact sheet released last week outlining trade and security agreements between Seoul and Washington, warning that it will take countermeasures against what it describes as "confrontational stance," state media reported on Tuesday. In a lengthy commentary, KCNA claimed the sheet revealed the "true colors of the confrontational will of the U.S. and the to remain hostile toward the " and vowed