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Won emerges as standout Q3 gainer as KOSPI rally takes back seat SEOUL, Sept. 17 (AJP) — The South Korean won emerged as a standout winner against the U.S. dollar in the third quarter to date, reversing its trend and place with the KOSPI that dominated the first half.
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Korean dictionary data to join 600-language BabelNet network SEOUL, September 17 (AJP) - South Korea's National Institute of Korean Language is teaming up with Italian AI language technology company Babelscape to connect Korean-language resources with BabelNet, a multilingual network covering about 600 languages.
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Korean markets shrug off FOMC, turn to Tokyo and London SEOUL, September 17 (AJP) - South Korean capital markets on Thursday largely brushed aside the U.S. Federal Reserve’s widely expected overnight rate hike, with authorities forecasting limited immediate impact while keeping watch on elevated borrowing costs.
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Finance nominee set to take post after clearing parliamentary hearing SEOUL, September 17 (AJP) - Lee Hyung-il, nominee for deputy prime minister and minister of finance and economy, moved a step closer to taking the post as the National Assembly's finance committee adopted his confirmation hearing report on Thursday. -
Korean refiners' windfall meets a supply test SEOUL, September 17 (AJP) - South Korean refiners, fresh from a record first half, face uncertain crude supply for November after Saudi Arabia shut its main pipeline bypassing the Strait of Hormuz, industry officials said on Thursday. -
Hanwha, EDGE team up on integrated UAE air defense network SEOUL, September 17 (AJP) - Hanwha Systems and the UAE’s EDGE Group have agreed to jointly develop an integrated air defense network for the UAE. -
Seoul's Jongno 3-ga named world's 'coolest neighborhood' by British magazine SEOUL, September 17 (AJP) - Seoul's Jongno 3-ga has been named the world's "coolest neighborhood" for 2026 in a list released Wednesday by British travel magazine Time Out. Jongno 3-ga, which ranked third on the magazine's 2021 list, rose to No. 1 this year.
ASIA Insight>
The world of K-beauty, pulled into one Seoul office SEOUL, September 17 (AJP) — K-beauty spent years carrying Seoul to bathroom shelves, beauty counters and social-media feeds around the world. Inside one skincare office in southern Seoul, that current is running the other way: the world has come to work. At Mary&May, a Korean skincare brand sold in more than 60 countries, employees from 15 nationalities sit inside the machinery of K-beauty's global expansion — choosing products, creators, words and images for markets thousan by Ryu Yuna
K-fashion next big K-thing in Japan after K-pop
SEOUL, September 15 (AJP) - Takuya Enomoto, a 32-year-old pharmacist in Tokyo, watched his girlfriend's infatuation with South Korea move from SEVENTEEN on her playlist to her clothing collection. She first became a fan of the K-pop group, particularly member Hoshi, before branching out to other Korean acts and then Korean dramas, he said. Following K-pop artists on Instagram brought still more Korean content into her feed. "I think the algorithm exposed her to more and more Korean
AJP Focus>
Korean battery makers under Trump whims – from EV retreat to datacenters SEOUL, September 17 (AJP) - U.S. President Donald Trump's retreat from Biden-era electric-vehicle policies has upended the American growth plans of South Korean battery makers, leaving factories built for an EV boom idled, scaled back or searching for a new purpose. Now, some are finding one in the power-hungry data-center boom. Canceled U.S. EV and battery projects between January 2025 and August this year had promised about 27,000 jobs, according to a Reuters analysis of Atlas Public Poli
Chip binge intoxicates Korean Inc. stakeholders, waves of strikes spread
SEOUL, September 16 (AJP) - Two years on, the still-strong chip bonanza of the AI-driven economic age has bestowed on South Korea a double-digit growth in national wealth in nominal terms unseen in more than three decades, thrusting stakeholders — employees and shareholders — into brawls for a bigger share of the newfound riches. Strikes and strike threats have become a recurring scene this year, spreading from chipmakers and shipbuilders to digital platforms such as Kakao. A weak
