Trump says Iran deal in 'pretty final shape' as Tehran says no final decision yet SEOUL, June 12 (AJP) - A peace deal between Washington and Tehran is in its final stages and could be signed in Europe as soon as this weekend, U.S. President Donald Trump said on Thursday. Speaking to reporters at the White House, Trump said the U.S. had "just made a great settlement of the war with Iran," announcing that he had canceled planned strikes against Tehran. "We have a signing soon and the documents are in pretty final shape, so we'll see," he added. Trump June 12, 2026

Korea's ruling party explores second year's challenges in an in-house forum SEOUL, June 11 (AJP) -South Korean President Lee Jae Myung has restored the dignity of the country's hard-won democracy, but what lies beyond can define the true scorecard of the liberal government, according to the ruling party's in-house seminar amid sagging approval rating following disappointing local election results. At a forum at the National Assembly in Yeouido, hosted by the office of Rep. Sohn Myung-soo of the ruling Democratic Party (DP) Thursday, persistent challenges such June 11, 2026

Netflix rolls out mobile-first updates to make content discovery easier SEOUL, June 11 (AJP) - Streaming giant Netflix on Tuesday showcased new product and technology updates designed to help users find content more easily, with a focus on mobile viewing, personalized curation and gaming. The company unveiled the updates at an online Product and Technology Innovation Showcase for media in the Asia-Pacific region. Elizabeth Stone, Netflix's chief product and technology officer, said the company's mission is "to entertain the world" and that achie June 11, 2026

AI technologies take center stage at global longevity summit SEOUL, June 11 (AJP) —Artificial intelligence (AI) and Human Digital Twin (HDT) technology could fundamentally reshape how people age, enabling physicians to predict disease risks, simulate health outcomes and deliver personalized interventions before symptoms appear, longevity researchers said Wednesday. The technologies are increasingly being viewed as a bridge between decades of aging research and practical healthcare applications, allowing scientists to combine genomic, medical and li June 11, 2026

FOMO stock bet fuels household loans in Korea in May SEOUL, June 11 (AJP) - Bank loans rose sharply in May as South Koreans frantically borrowed out of the fear of missing out (FOMO) on record stock bull and for housing on expectations for rate hikes, central bank data showed Thursday. Bank household loans increased by 6.9 trillion won ($4.52 billion) in May, widening from a 2.1 trillion won gain in April and exceeding the 5.2 trillion won increase recorded a year earlier, according to the Bank of Korea. The sharpest turnaround came from other l June 11, 2026

Lee arrives in Italy after wrapping up his visit to Belgium SEOUL, June 11 (AJP) - President Lee Jae Myung, who is on a trip to Europe, arrived in Italy on Wednesday after wrapping up his itinerary in Belgium. During the second leg of his two-week trip to Europe, he is scheduled to meet Italian President Sergio Mattarella after a welcoming reception. Lee will also hold separate talks later in the week with Prime Minister Giorgia Meloni, whom he met on the sidelines of the U.N. General Assembly in New York in September last year and again during her vis June 11, 2026

SpaceX debut drains capital from South Korea as KOSPI falls for 2nd day SEOUL, June 11 (AJP) - South Korea's benchmark KOSPI opened about 4 percent lower on Thursday, falling for a second straight session as foreign investors pulled money out ahead of SpaceX's record Nasdaq listing slated for Friday. The index dropped 316.2 points to 7,414.6 within minutes of morning trading, pulling further away from the 8,000 level it had only reclaimed days earlier. Investors see the world's largest-ever IPO acting as a magnet for global capital, drawing money out o June 11, 2026

Employment falls for 1st time in 17 months as youth jobs dwindle SEOUL, June 11 (AJP) - South Korea's employment fell for the first time in 17 months in May, largely due to a sharp decline in youth employment and manufacturing jobs, according to data released by the Ministry of Data and Statistics on Thursday. The number of employed people aged 15 and older stood at 29.12 million last month, down 40,000 from a year earlier. Youth employment weakened sharply, with the number of employed people aged 15 to 29 declining by 255,000 to 3.43 million, and their June 11, 2026

KOSPI back in downward spiral and foreign capital exits Asia ahead of SpaceX debut SEOUL, June 10 (AJP) - South Korea's main KOSPI extended a volatile week, losing 4.5 percent Wednesday to a finish under 8,000 as renewed U.S. military strikes on Iran and looming blockbuster debut of SpaceX triggered a broad exit by foreign and local institutions. The selling was led by foreign investors, who dumped a net 2.77 trillion won of Korean shares, the heaviest single-day foreign outflow of this entire turbulent stretch, with institutions selling another 2.27 trillion won while do June 10, 2026

South Korea's opposition party picks former Yoon ally as floor leader SEOUL, June 10 (AJP) -Jeong Jeom-sig, a prosecutor-turned three-term lawmaker and longtime ally of former President Yoon Suk Yeol, was elected floor leader of South Korea's main conservative opposition on Wednesday, underscoring the People Power Party's continued reliance on pro-Yoon figures despite its crushing defeat in last week's local elections. The People Power Party (PPP) said Jeong defeated four-term lawmaker Kim Do-eup in a runoff vote among party lawmakers at the National June 10, 2026