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Nat'l Assembly passes bill to implement investment pledges under trade deal with US
SEOUL, March 12 (AJP) - A bill outlining South Korea's massive investment pledges to the U.S. was passed at a plenary session in the National Assembly on Thursday. Of the 242 lawmakers present, 226 voted in favor, eight against and another eight abstained, clearing the way for South Korea's pledges to invest US$350 billion in the U.S. as part of a broader trade deal reached between the two countries last fall. The bill would provide a legal framework to establish a fund
March 12, 2026
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K-battery makers bet on premium to fight EV slump and China dominance
SEOUL, March 12 (AJP) - South Korea's battery industry is doubling down on premium technologies — from high-nickel chemistries to all-solid-state prototypes and advanced cell engineering — as it seeks to outpace Chinese rivals and move beyond the slowing electric-vehicle market. The strategic pivot was on full display at the InterBattery 2026, the three-day exhibition that opened Wednesday at COEX in southern Seoul. The 14th edition of the show drew 667 compan
March 12, 2026
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Samsung's agentic-AI flagship posts record presales, software edge in premium market
SEOUL, March 12 (AJP) - Samsung Electronics’ latest AI-strong flagship is off to a bar-raising debut, signaling a shift in the premium handset race from hardware specifications toward practical artificial intelligence features. The Galaxy S26 series, launched Wednesday in more than 120 countries including South Korea and the United States, logged 1.35 million preorders in its home market, the highest ever for the Galaxy S lineup. Industry observers say the strong earl
March 12, 2026
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Director Jang Hang-jun treats fans to coffee to celebrate his box-office success
SEOUL, March 12 (AJP) - Director Jang Hang-jun shared the joy of his latest film’s huge box-office success with an up-close, personal event for Seoulites in central Seoul on Thursday. Jang served around 200 cups of coffee in front of the Korea Press Center, expressing his gratitude to his fans. The event was arranged as a gesture of appreciation after period film "The King's Warden" attracted over 10 million moviegoers, about a month after its release on Feb
March 12, 2026
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South Korea to face Dominican Republic in WBC quarterfinals in Miami
SEOUL, March 12 (AJP) - South Korea will face the Dominican Republic in the quarterfinals of the World Baseball Classic (WBC) in Miami later this week. The formidable Dominican Republic wrapped up the quadrennial tournament's regional matchups by defeating Venezuela 7‑5 at loanDepot park in Miami on Wednesday, extending its undefeated run to advance to the quarterfinals as the top finisher in its group. With the win, the Dominican Republic is now set to face South Korea at th
March 12, 2026
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BTS Comeback D-9 — Spotify sets Han River cruise for immersive "SWIMSIDE" fan event
SEOUL, March 12 (AJP) - As BTS counts down to the release of its comeback album ARIRANG, Spotify is taking the anticipation off the screen and onto the Han River. The streaming platform is launching “SWIMSIDE,” an immersive fan campaign built around BTS’s upcoming title track “SWIM,” which is set for release with the album on March 20 at 1 p.m. KST. At the heart of the campaign is the “Spotify × BTS SWIMSIDE Cruise,” a themed even
March 12, 2026
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PM heads to US, Switzerland to bid for UN AI hub
SEOUL, March 12 (AJP) - Prime Minister Kim Min-seok left for the U.S. on Thursday to promote South Korea's bid to host an artificial intelligence (AI)-related hub for the U.N. and its agencies. During his weeklong visit, Kim is scheduled to meet with U.N. Secretary-General António Guterres and other officials in New York, where he will promote South Korea's initiative for global cooperation on AI-related projects. He is also expected to hold a meeting with seni
March 12, 2026
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Analysis: U.S. turns to Section 301 to sustain tariff strategy, what it means for Korea
SEOUL, March 12 (AJP) -The Trump administration’s decision to launch a sweeping Section 301 investigation into South Korea and 15 other economies signals that Washington’s tariff-centered trade policy remains firmly intact despite a recent Supreme Court ruling that struck down a key legal foundation for earlier duties. The Office of the United States Trade Representative (USTR) announced Wednesday that it is opening investigations into “structural excess capacity a
March 12, 2026
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No-frills Eastar Jet tops South Korean carriers in seat occupancy
SEOUL, March 12 (AJP) - Eastar Jet filed more than 90 percent of its seats on average last year, the highest among South Korean airlines, the budget carrier said on Thursday. Of the carrier's roughly 33,600 flights with 6.33 million seats, about 5.71 million passengers were aboard, reaching an average seat occupancy rate of 90.14 percent. The figure is well above the aviation industry's average of 84.86 percent, according to the Ministry of Land, Infrastructure and Transpo
March 12, 2026
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Foreign investors flee Seoul as KRW weakness persists
SEOUL, Mar. 12 (AJP) — Foreign investors pivoted to a net sell-off in South Korean financial markets between February and March, marking the first net outflow in six months. The South Korean won continued its steady decline, extending a period of weakness that began last month. The value of the won has depreciated by 2 percent since February, falling from a January average of 1,439.5 per dollar to 1,469.2 as of March 10 according to a Bank of Korea (BOK) release on Thursday,
March 12, 2026