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  Kookmin University alumni selected for Cannes immersive competition SEOUL, May 13 (AJP) - Two South Korean Kuukmin University alumni directors have been named to the official Immersive Competition at the 79th Cannes Film Festival for their experimental installation, the university said Wednesday. The project, titled VOOOOOO---PEEEEEE---, was created by Woopark Studio's directors Woo Hyun-ju and Park Ji-yoon. The Immersive Competition is a specialized category at Cannes that focuses on virtual reality (VR), extended reality (XR), and interactiv May 13, 2026
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  K-ramyeon makers race overseas as Nongshim eyes 60% global sales SEOUL, May 13 (AJP) - South Korea's instant noodle makers are accelerating a pivot abroad as a saturated home market and surging foreign appetite for K-food reshape the industry, with Nongshim unveiling its most aggressive overseas push yet. Nongshim CEO Jo Yong-chul said Tuesday that the company aims to lift overseas sales to more than 60 percent of total revenue and reach 7.3 trillion won ($4.88 billion) in sales by 2030, alongside a 10 percent operating margin. Overseas busin May 13, 2026
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  Korea's M2 growth runs twice Japan's, deepening inflation and FX dilemma SEOUL, May 13 (AJP) - South Korea’s liquidity expanded sharply in March, with much of the abundance funneling toward the red-hot asset market rather than helping to bolster weakening economic fundamentals and creating a headache for monetary authorities battling looming imported energy-triggered inflation and a stubbornly weak currency. The M2 money supply reached 4,132.1 trillion won ($2.76 trillion) in March, up 5.6 percent from a year earlier, according to the Bank of Kor May 13, 2026
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  Seven Korean eateries join the NYT list of New York's 100 best restaurants for 2026 SEOUL, May 13 (AJP) - Seven Korean restaurants were included in The New York Times’ latest list of “The 100 Best Restaurants in New York City in 2026,” underscoring the growing influence of K-food and cuisine across New York’s cosmopolitan dining scene. The highest-ranked Korean restaurant was Meju, which placed fourth on the list. The restaurant, led by chef Hooni Kim, was praised for its fermentation-focused tasting menu hidden behind a banchan shop in L May 13, 2026
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  NCT's Jaehyun sells out for his first fan concert after military discharge SEOUL, May 13 (AJP) - K-pop boy band NCT's Jaehyun sold out within minutes for both dates of his upcoming Seoul fan concert, which would be his first major solo event since completing mandatory military service, SM Entertainment said Wednesday. “JAEHYUN FAN-CON TOUR in SEOUL” will take place on June 6 and 7 at Jamsil Indoor Stadium. Tickets released through Melon Ticket on Monday and Tuesday were immediately snapped up after sales opened, according to SM Entertainm May 13, 2026
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  Iran war likely to sideline North Korea at Trump-Xi summit of reduced ambitions SEOUL, May 13 (AJP) - North Korea is expected to take a back seat at this week’s summit between U.S. President Donald Trump and Chinese President Xi Jinping as the Iran war, disruption in the Strait of Hormuz and intensifying superpower rivalry overshadow Pyongyang in what increasingly appears to be a crisis-management meeting rather than a breakthrough summit. Iran looms large over the two superpowers even as both sides seek to avoid openly framing the summit around the conf May 13, 2026
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  ASIA INSIGHT: Bangkok's survival in socialist ring In the sweltering heat of the Indochinese Peninsula, Bangkok is performing a masterclass in geopolitical hedging that the West—and its neighbors—ignore at their peril. The thick, humid silence of the Kanchanaburi jungle is about to be broken by a sound that remains unfamiliar to many in the West. It is not the roar of an American-made turbine or the familiar cadence of English-language commands that have echoed through these valleys since the early years of the Reag May 13, 2026
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  Defense minister seeks US support for Korea's nuclear-powered submarine plan SEOUL, May 13 (AJP) - Defense Minister Ahn Gyu-back has asked senior U.S. Navy and congressional officials to support South Korea’s push to acquire nuclear-powered submarines, the Ministry of National Defense said Wednesday. Ahn, who is visiting the U.S. for the first time since taking office, met with Hung Cao, acting secretary of the U.S. Navy, in Washington on Tuesday morning to discuss key alliance issues, according to the ministry. During the meeting, Ahn stressed that May 13, 2026
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  KOSPI briefly sinks to 7,400 level amid AI dividend shock and Samsung labor unrest SEOUL, May 13 (AJP) - South Korean shares extended losses for a second straight session Wednesday as fears of a monthlong strike at Samsung Electronics rattled investor sentiment after marathon government-mediated labor talks collapsed overnight. As of 10:20 a.m., the benchmark KOSPI was down 0.4 percent at 7,613.11 after briefly falling as low as 7,402. The junior KOSDAQ slipped 0.9 percent to 1,169.16. The decline followed an exceptionally volatile session Tuesday, when the K May 13, 2026
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  KAIST researchers develop AI framework for climate crisis prediction SEOUL, May 13 (AJP) - Researchers at the Korea Advanced Institute of Science and Technology (KAIST) developed an artificial intelligence framework designed to analyze the integrated impacts of climate change on global economies and energy systems, KAIST said Wednesday. The international research team, led by Professor Jeon Hae-won and Professor Oh Hye-yeon, introduced a foundation model that processes earth observation data, economic scenarios, and policy indicators within a share May 13, 2026