Acclaimed Korean artist honored with France's cultural order

SEOUL, July 17 (AJP) - South Korean artist Kim Soo-ja has been awarded the Officier rank of the French Order of Arts and Letters, in recognition of her contributions to contemporary art and cultural exchange between Korea and France. The award ceremony was held last week at the French ambassador’s residence in central Seoul, where French Ambassador to Seoul Philippe Bertoux presented the honor to Kim. Bertoux praised her for helping to shape France as “a country of cr

July 17, 2025

Chey Tae-won calls APEC Summit showcase for Korean democracy

SEOUL, July 17 (AJP) - Chey Tae-won, chairman of SK Group and president of the Korea Chamber of Commerce and Industry (KCCI), said Thursday this year’s APEC Summit in Seoul will serve as a “grand showcase of Korea’s economic strength” and a rare opportunity to bring global business leaders into direct dialogue. Speaking at the opening of the 48th KCCI Summer Forum in Gyeongju, Chey cast the October summit as both a symbolic and strategic milestone for the c

July 17, 2025

Goldman Sachs downgrades SK hynix, citing risks of HBM price decline

SEOUL, July 17 (AJP) - Goldman Sachs downgraded its investment rating on SK hynix to "neutral" from "buy" on Thursday, warning that intensifying competition in the high-bandwidth memory (HBM) market could trigger the first price decline in the segment next year. In a research note, the U.S. investment bank cautioned that pricing power is gradually shifting to major customers — such as Nvidia — potentially undermining the profitability of HBM supplie

July 17, 2025

Torrential rain batters central regions, with more downpours expected through this weekend

SEOUL, July 17 (AJP) - Torrential downpours swept through central South Korea on Thursday, leaving at least two people dead and forcing over 1,000 people to be evacuated due to flooding. Heavy rain pounded most parts of the country with some areas with an intense rainfall of over 100 mm per hour, resulting in two fatalities. A man in his 40s died after a wall of an overpass collapsed onto his car in Osan, Gyeonggi Province, while another man in his 50s was found dead inside a submer

July 17, 2025

President Lee appoints former Doosan chairman to lead trade mission to Washington

SEOUL, July 17 (AJP) - South Korean President Lee Jae Myung has tapped Park Yong-maan, the former chairman of Doosan Group, to head a special envoy delegation to the United States, ruling party officials said Thursday. The delegation, which is set to depart for Washington next week, includes Democratic Party lawmaker Han Jun-ho and Kim Woo-young, a former senior political aide. Park will serve as the chief envoy. The appointment comes at a critical moment in U.S.–South Kore

July 17, 2025

Lee reignites debate on constitutional reform on Constitution Day

SEOUL, July 17 (AJP) - President Lee Jae-myung called for constitutional reform on Thursday, as South Korea marks the 77th anniversary of Constitution Day. In a message posted on Facebook, Lee said, "It is time to revise the Constitution to keep up with the changing times, just as people change their clothes with the seasons," implying the need to amend the Constitution to reform the country's five-year, single-term presidency along with other political reforms. Con

July 17, 2025

Kia to equip upcoming EV5 with CATL batteries

SEOUL, July 17 (AJP) - Kia, a subsidiary of Hyundai Motor Group, will use batteries made by China’s CATL in its upcoming EV5 electric compact SUV, expanding Hyundai’s reliance on Chinese battery technology. The EV5, scheduled to launch in September, will be equipped with CATL’s nickel-cobalt-manganese (NCM) battery packs, which have a capacity of 81.4 kilowatt-hours, according to Kia officials. NCM batteries, while more costly due to volatile raw material prices

July 17, 2025

Samsung chairman escapes legal peril as Supreme Court upholds acquittal

SEOUL, July 17 (AJP) - South Korea’s Supreme Court on Thursday upheld the acquittal of Samsung Electronics Chairman Lee Jae-yong on charges stemming from the controversial 2015 merger of two Samsung affiliates and related accounting practices — concluding a nearly five-year legal battle that once threatened to upend the leadership of the country’s largest conglomerate. The court, presided over by Chief Justice Oh Seok-jun, affirmed lower court rulings that cleare

July 17, 2025

KOGAS anchors Korea's energy strategy in age of AI, uncertainty

Editor's Note: This article is the 27th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, July 16 (AJP) - As artificial intelligence reshapes global energy consumption patterns, the Korea Gas Corporation (KOGAS) is placing a bold wager on liquefied natural gas. The state-run energy company reported this week that the first shipment of LNG from the Ca

July 17, 2025

Viet Nam's top leader To Lam to visit South Korea for summit with President Lee

SEOUL, July 16 (AJP) - General Secretary To Lam, the top-ranking official in Viet Nam's Communist Party, is set to visit South Korea in August for a summit with President Lee Jae-myung, diplomatic sources confirmed Wednesday. Lam is expected to arrive on August 10. Both sides are now working to schedule a summit meeting for the following day, August 11. This will be Lam's first visit to South Korea and the first by a Vietnamese general secretary in 11 years, following Nguy

July 16, 2025