Chinese FM Wang Yi arrives in Seoul for two-day visit SEOUL, August 19 (AJP) - Chinese Foreign Minister Wang Yi arrived in Seoul on Wednesday for talks with his South Korean counterpart Cho Hyun. Wang's two-day visit marks his first trip to South Korea since September 2021 and the first meeting between the two countries' foreign ministers since they met in Beijing last September. During their talks, the two ministers are expected to discuss bilateral ties, the situation on the Korean Peninsula and other regional issues. They will also di August 19, 2026

AJP Fact Check: Trump's claims about two Koreas SEOUL, August 19 (AJP) - U.S. President Donald Trump ordered a reduction in joint military exercises with South Korea last Sunday, signaling the possibility of another summit with North Korean leader Kim Jong-un. The order came shortly before the Wall Street Journal reported that Trump was pushing for another meeting with Kim, a move that could revive the personal diplomacy that defined his first term. Many observers see the push as driven by the upcoming U.S. midterm elections amid his sliding August 19, 2026

KOSPI remains down 4 percent as KOSDAQ edges higher SEOUL, August 19 (AJP) - South Korean stocks were split Wednesday morning, with the KOSPI down more than 4 percent while the KOSDAQ edged higher. The benchmark KOSPI stood at 6,575.02 as of 10:30 a.m., down 4.34 percent. It had fallen as low as 6,400.81 shortly after the open before recovering some ground, with a high of 6,614.39. A sell-side sidecar was triggered shortly after the opening bell as KOSPI 200 futures tumbled, following an overnight selloff in U.S. chip stocks and a surge in lon August 19, 2026

FSS launches hiring drive for entry-level positions SEOUL, August 19 (AJP) - The Financial Supervisory Service (FSS) launched a hiring drive to recruit about 95 new employees for next year, the financial regulator said on Wednesday. It will accept applications for entry-level positions through Sept. 7 to recruit candidates who can better respond to emerging regulatory challenges. Applicants must select one of seven fields including business administration, law, economics, information technology (IT), statistics, financial engineering and consum August 19, 2026

KOSPI plunges 7% as sell sidecar triggered SEOUL, August 19 (AJP) - South Korean stocks plunged on Wednesday, triggering a sell-side trading curb as surging global bond yields battered chip shares. The Korea Exchange activated a sell-side sidecar at 9:06 a.m. after KOSPI 200 futures fell 6.02 percent from the previous session's reference price. The benchmark KOSPI was down 6.74 percent at 6,407.14 at the time. The sidecar temporarily halts program sell orders for five minutes when KOSPI 200 futures fall at least 5 percent and remai August 19, 2026

KOSPI wipes out early gains to close below 7,000 after weeklong rally SEOUL, August 18 (AJP) - South Korean stocks surrendered sharp early gains on Tuesday as rising global bond yields and institutional selling erased a semiconductor-led rally, while trading remained subdued. The benchmark KOSPI closed at 6,869.83 points, down 1.55 percent from the previous session, ending a five-session winning streak. The index opened at 7,127.77 and surged more than 3 percent to an intraday high of 7,216.62 before reversing course and falling as low as 6,788.78. Foreign inves August 18, 2026

Chinese FM set to visit Seoul for talks this week SEOUL, August 18 (AJP) - China's Foreign Minister Wang Yi is set to visit Seoul this week, the Ministry of Foreign Affairs said on Tuesday. At a regular press briefing, the ministry's spokesperson Park Doo Soon said Wang is scheduled to arrive in Seoul on Wednesday for a two-day visit and hold talks with his South Korean counterpart Cho Hyun. Their talks are expected to cover various issues including bilateral ties, the situation on the Korean Peninsula, and other regional matters. It August 18, 2026

Chip rally pushes KOSPI past 7,200 SEOUL, August 18 (AJP) - South Korea's benchmark KOSPI opened 3.3 percent higher on Tuesday, led by SK hynix and Samsung Electronics, which extended a two-week rally driven by foreign investors, even as most stocks on the main board declined. The index opened at 7,211 on Tuesday, up 233.06 points, in its first session since Friday after Monday's substitute holiday for Liberation Day. Decliners outnumbered advancers 630 to 234, even as the large-cap KOSPI 200 rose 4 percent. The diverge August 18, 2026

Foreigners lift KOSPI while other Asian market quiet SEOUL, August 14 (AJP) -Foreign money kept buying Seoul for a fifth straight session Friday, but this time the leadership came from telecom and automakers rather than the two chipmakers that drove both the market's first-half rally and its July collapse. The KOSPI closed at 6,977.94, up 164.60 points, or 2.42 percent, ending the week 11.5 percent higher and edging back toward the 7,000 level it surrendered a month ago on July 13. Foreign investors bought a net 3.04 trillion won ($2.14 billi August 14, 2026

Ottogi second-quarter net profit falls 2.7% as margins tighten SEOUL, August 14 (AJP) - Ottogi, one of South Korea's largest food manufacturers, announced that its second-quarter net profit fell 2.7 percent from a year earlier, as rising costs squeezed margins even though sales climbed on the back of instant noodles and stronger overseas demand. According to regulatory filings released Friday, net profit for the April to June period came to 33.2 billion won ($23.4 million). Revenue rose 4.6 percent to 943.8 billion won and operating profit edged up 0. August 14, 2026