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  Korea's Lee replaces health and customs deputies SEOUL, May 15 (AJP) - South Korean President Lee Jae Myung replaced the country’s top health and customs officials Friday in a vice-ministerial reshuffle carried out less than a year after both incumbents took office, the presidential office said. Hyeon Su-yeop, spokesperson for the Ministry of Health and Welfare, was named first vice minister of health and welfare, while Lee Jong-wook, vice commissioner of the Korea Customs Service, was appointed customs commissioner, presi May 15, 2026
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  Korea's Cheonghae Unit departs for Gulf of Aden amid Hormuz tensions SEOUL, May 15 (AJP) - The South Korean Navy’s destroyer Wang Geon departed from Busan on Friday to replace the Cheonghae Unit currently operating in the Gulf of Aden, amid speculation that the unit could be deployed near the Strait of Hormuz depending on regional developments. The 4,400-ton Wang Geon, a Chungmugong Yi Sun-sin-class destroyer, left Busan Naval Base at 4 p.m. after a send-off ceremony attended by service members and their families. The 48th rotation of the Ch May 15, 2026
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  ASIA INSIGHT: The Taiwan Strai poses as most dangerous fault line in US-China relations A Strategic chokepoint rivaling the Strait of Hormuz and the Strait of Malacca Whenever the leaders of the United States and China meet, the world watches closely. Yet behind the formal photographs, diplomatic courtesies, and carefully calibrated statements, one issue continues to dominate the strategic core of the relationship: Taiwan. Trade disputes, tariffs, artificial intelligence, supply chains, Ukraine, and the Middle East all occupied the agenda during the Beijing sum May 15, 2026
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  No breakthrough for Samsung Elec despite 11th-hour C-suite visit to union SEOUL, May 15 (AJP) - Top executives of Samsung Electronics failed Friday in an eleventh-hour attempt to avert a looming general strike after visiting the labor union office of the world’s largest memory chipmaker, whose exports alone account for roughly one-fifth of South Korea’s total outbound shipments. Mindful of the government’s determination to prevent a strike at a company whose production disruption could cost billions of dollars in economic losses and ta May 15, 2026
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  BOK brings on hawkish new member SEOUL, May 15 (AJP) - Kim Jin-ill, a former professor at Korea University, held his inauguration ceremony on Friday, to succeed Shin Sung-hwan, who retired from the Bank of Korea’s (BOK) Monetary Policy Board earlier this week. Kim is expected to strengthen the BOK’s hawkish stance with his focus on the traditional role of a central bank. Kim held a private inauguration ceremony at the BOK on Friday afternoon. This comes just four days after the Korea Federation May 15, 2026
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  Seoul offers Canadians a real undersea ride in last stretch of submarine race SEOUL, May 15 (AJP) - A South Korean flag-bearing submarine will surface at the Port of Victoria, off Canada's western coast, later this month after a two-month journey with Canadian crew members aboard — sailing from Jinhae in southern Korea in a symbolic outreach as Ottawa weighs Team Korea against Europe for a multibillion-dollar submarine contract. The bid to supply Canada with up to 12 next-generation submarines has narrowed to consortia led by Korea's Hanwha Ocea May 15, 2026
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  Seoul sizzles as early summer heat pushes temperatures above 30C SEOUL, May 15 (AJP) -An unusually early summer heat spell swept across South Korea on Friday as temperatures in Seoul climbed above 30 degrees Celsius, driving citizens and foreign tourists toward fountains and shaded public spaces to escape the scorching weather. At Gwanghwamun Square in central Seoul, visitors crowded around fountain facilities and water features as children splashed through streams of water under clear blue skies. The scene reflected the growing popularity of o May 15, 2026
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  KOSPI sinks more than 6%, erasing weekly gains in violent foreign selloff SEOUL, May 15 (AJP) — South Korean stocks suffered a brutal reversal Friday as the benchmark KOSPI plunged more than 6 percent, wiping out all gains made earlier this week after foreign and institutional investors rushed to lock in profits once the index briefly crossed the 8,000 mark. The KOSPI closed down 6.12 percent at 7,493.18 after swinging wildly between an intraday high of 8,046.78 and a low of 7,371.68. The selloff marked the first intraday drop of more than 6 pe May 15, 2026
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  HD Hyundai Heavy skips first KDDX bid, expected to join second round SEOUL, May 15 (AJP) - HD Hyundai Heavy Industries did not participate in the first round of bidding for ships for South Korea’s next-generation destroyer project, but is expected to join the second round. According to the Defense Acquisition Program Administration and industry officials on Friday, HD Hyundai Heavy did not complete preliminary registration for the designated competitive bidding process for the Korean Destroyer Next Generation, or KDDX, by Thursday’s deadl May 15, 2026
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  ASIA INSIGHT: Why did US' big tech titans march into Beijing together? The strategic meaning behind Trump bringing Jensen Huang and Silicon Valley’s AI generals to China The summit held in May 2026 at Beijing’s Great Hall of the People was not merely another diplomatic ceremony between the leaders of the United States and China. It was a vivid demonstration that the architecture of global power in the 21st century is no longer defined solely by armies, alliances, or nuclear arsenals. Increasingly, it is being shaped by artificial intel May 15, 2026