Neople workers launch Korea's first game industry strike

SEOUL, June 26 (AJP) - Employees at Neople, a key subsidiary of gaming giant Nexon and the developer of the popular Dungeon & Fighter franchise, have begun a strike, marking the nation’s first labor walkout in the gaming sector. The strike, which began on Wednesday, June 25, involves unionized workers from Neople’s Seoul office, who stopped reporting to work immediately. Employees at the company’s Jeju headquarters are joining on a staggered schedule —

June 26, 2025

China's Tencent expands global reach with gaming, AI, fintech at its core

Editor's Note: This article is the 24th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, June 26 (AJP) - Tencent Holdings is one of China’s most powerful technology companies. It reported revenue of 180.02 billion yuan ($25.1 billion) in the first quarter of 2025, marking a 13 percent increase from a year earlier. The company’s financial

June 26, 2025

Milano Cortina 2026 brings Olympic message to Seoul with focus on sustainability and inclusion

SEOUL, June 25 (AJP) - The Olympic spirit made a stop in Seoul on Wednesday as Italy's organizing team for the Milano Cortina 2026 Winter Games hosted a media day in Gangnam. With just over a year and a half to go, the event offered a preview of what is being billed as the most geographically expansive and environmentally conscious Winter Olympics in history. Covering 22,000 square kilometers across northern Italy, the Games will blend modern urban energy with the beauty of the

June 25, 2025

S. Korea and Türkiye deepen energy ties with focus on renewables

SEOUL, June 25 (AJP) - South Korea and Türkiye took a step toward closer cooperation in clean energy with a joint seminar held on Tuesday at the National Assembly in Seoul. The event brought together lawmakers, diplomats, business leaders, and energy experts to explore how both countries can work together to tackle the global energy transition and enhance energy security. The "Korea–Türkiye Renewable Energy Seminar" was co-hosted by National Assembly memb

June 25, 2025

Korea, Saudi Arabia launch joint initiative to help small companies

SEOUL, June 25 (AJP) - South Korea’s Ministry of SMEs and Startups (MSS) announced on Wednesday a new initiative aimed at helping small and medium-sized enterprises break into the rapidly evolving Saudi Arabian market. Starting July 7, the ministry will begin accepting applications from Korean companies interested in launching operations in Saudi Arabia under a government-backed program designed to overcome longstanding regulatory, cultural, and religious barriers. Despit

June 25, 2025

South Korean central bank warns of stablecoin risks to financial stability

SEOUL, June 25 (AJP) - South Korea’s central bank and the Bank for International Settlements (BIS) have raised fresh alarms over the systemic risks posed by the rapid rise of stablecoins, warning that widespread adoption could trigger destabilizing financial shocks and threaten monetary sovereignty. In its financial stability report released Wednesday, the Bank of Korea cautioned that stablecoins — cryptocurrencies pegged to traditional currencies — are vulnerable

June 25, 2025

Chinese ambassador urges Korea to reject protectionism, stresses value of China ties

SEOUL, June 25 (AJP) - Chinese Ambassador to South Korea Dai Bing on Wednesday warned that the world is facing a period of historic upheaval and urged South Korea to stand firm against rising protectionism by maintaining close economic ties with China. Dai made the remarks during the Korea Economic Design Forum (KEDF), held at the CCMM Building in Seoul's Yeouido district. The event marked the seventh anniversary of Economic Daily and was co-sponsored by Aju News Corporation,

June 25, 2025

PHOTOS: Korean War anniversary

SEOUL, June 25 (AJP) - June 25 marks the 75th anniversary of the Korean War, which erupted in 1950. The conflict inflicted profound damage and enduring trauma upon the Korean populace, and its legacies — including the division of the peninsula and the lingering aftereffects of the Cold War — continue to shape the region. Below, we present a collection of photographs from the commemorative events held around this solemn anniversary.

June 25, 2025

'Stablecoins emerge as global financial trend'

SEOUL, June 25 (AJP) - Stablecoins are no longer a passing fascination but a defining trend in global finance, Hana Securities said in a report Wednesday. The Seoul-based brokerage described the rise of stablecoins as a shift “from theme to trend,” signaling a structural change in how markets view these blockchain-based assets. The report pointed to a confluence of factors — regulatory reforms, growing institutional interest, and the possible issuance of won-bac

June 25, 2025

Shinsegae's Jung Yong-jin tapped to lead Asia arm of Trump-linked Rockbridge Network

SEOUL, June 25 (AJP) - Shinsegae Group Chairman Jung Yong-jin is expected to take the helm of Rockbridge Asia, a new regional branch of the Rockbridge Network -- a powerful conservative political organization closely tied to former United States President Donald Trump and several key figures in his potential second administration. Multiple sources in South Korea's business and investment banking circles confirmed on Wednesday that Jung has agreed to lead Rockbridge's Asia

June 25, 2025