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  BOK governor to attend BIS meeting, Singapore fintech forum SEOUL, November 05 (AJP) - Bank of Korea Governor Lee Chang-yong will travel to Basel, Switzerland, on Thursday to attend a meeting of the Bank for International Settlements (BIS) governors. During his visit, Lee will join discussions with fellow central bankers on the global economy and financial markets. As a BIS director, he will also take part in meetings of the board and the Economic Consultative Committee. In his capacity as chair of the Committee on the Global Financial November 5, 2025
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  KRW falls to weakest in 7 mo as forex data implies limited room for Seoul to defend currency SEOUL, November 05 (AJP) - The South Korean won’s recovery — fueled by the Korea-U.S. trade deal during APEC week and a bullish stock market — proved short-lived as the U.S. dollar climbed to a seven-month high amid renewed concerns over frothy AI-related stocks. The dollar hit 1,446.3 won on Wednesday, its strongest level since April, as foreign investors dumped more than 2 trillion won worth of KOSPI shares as of 2:00 p.m., dragging the benchmark index down mor November 5, 2025
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  Crowds flock to Gyeongju museum after APEC summit SEOUL, November 5 (AJP) - A couple of exhibition rooms and halls at the Gyeongju National Museum, which were used as the main venues for last week's Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city, are set to open for general admission, starting this week. Capitalizing on the momentum from the city's successful hosting of the multilateral gathering, the museum is running a special exhibition from Thursday through the end of next month, featuring th November 5, 2025
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  Bear returns to the Asian market on AI bubble concerns SEOUL, November 05 (AJP) - Asian stocks slumped Wednesday as a wave of bearish sentiment swept through regional markets. South Korea’s benchmark KOSPI index plunged 4.1 percent to 3,950.96, falling back below the 4,000 mark just seven trading days after breaking it for the first time in history. The small-cap KOSDAQ tumbled even further, down 4.4 percent to 886.00. The downturn was led by heavyweight chipmakers. Samsung Electronics dropped 5.5 percent to 99,100 won ($68), w November 5, 2025
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  BMW overtakes Tesla as top-selling imported car brand in South Korea SEOUL, November 05 (AJP) - BMW has overtaken Tesla to become South Korea’s best-selling imported car brand, as demand for foreign-made vehicles continued to rise this year despite a slowdown in October sales. According to data released Wednesday by the Korea Automobile Importers & Distributors Association (KAIDA), registrations of new imported passenger cars totaled 24,064 in October, up 13.2 percent from a year earlier. The figure, however, marked a 26.7 percent decli November 5, 2025
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  PHOTOS: Dried persimmons from Sangju — taste of centuries SEOUL, November 05 (AJP) - Late autumn transforms Sangju in North Gyeongsang Province into a spectacle of vivid orange. This is the season when the autumn sun-kissed persimmons are harvested and processed into the region’s renowned specialty: Gotgam, or dried persimmons. Sangju is traditionally famed for persimmons, rice and silk. While modern crops like grapes and cucumbers have joined its list of specialties, it is the gotgam that defines the region. Sangju's dried per November 5, 2025
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  INTERVIEW: Korean biz at home and abroad must unite to leverage and lengthen K-power:OKTA chair SEOUL, November 05 (AJP) -An economic bloc representing 50 million South Koreans and 7.5 million ethnic Koreans overseas — built on a self-sustaining trade and supply-chain network that links the manufacturing base at home with capital and distribution capabilities abroad — is the vision of the World Federation of Overseas Korean Economic and Trade Association (World-OKTA), its chair said. Korean entrepreneurs at home and abroad have risen to global prominence and mu November 5, 2025
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  North Korea likely to pursue talks with US early next year, spy agency speculates SEOUL, November 5 (AJP) - North Korea will likely respond to U.S. President Donald Trump's repeated overtures after all, South Korea's spy agency believes. According to lawmakers who were briefed in a closed-door parliamentary audit at the National Intelligence Service (NIS)'s headquarters in southern Seoul on Tuesday, Pyongyang is expected to "pursue dialogue" with Washington sometime in March next year when South Korea conducts its annual joint military exerc November 5, 2025
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  South Korean, Japanese firms consider joint venture for next-generation chip materials SEOUL, November 05 (AJP) - Samsung Electro-Mechanics said on Wednesday that it had signed a memorandum of understanding with Japan’s Sumitomo Chemical Group to explore establishing a joint venture for producing glass cores, a key component in next-generation semiconductor packages. The agreement comes as they are seeking to strengthen their foothold in the fast-evolving semiconductor packaging industry, where new materials are increasingly critical to supporting artificial November 5, 2025
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  South Korea's stock market rides early wave of AI-driven supercycle SEOUL, November 05 (AJP) - South Korea’s stock market appears to be entering the early stages of what analysts are calling an artificial intelligence–driven “supercycle,” as investors pour into semiconductor, robotics, and infrastructure shares amid growing optimism about the country’s role in the global AI boom. The rally gained momentum following recent international events such as the APEC summit and Nvidia’s AI conference, both of which un November 5, 2025