From chalkboards to AI: How South Korea turns election night into must-watch TV shows SEOUL, June 4 (AJP) - With vote counting for this year's local elections underway on Wednesday, millions of viewers did not simply refresh their phones for results; they sat down and watched. The country's election night broadcasts have evolved into some of the most elaborate live television events in the country. What began as a functional exercise in relaying vote totals has become a high-stakes arena where major networks aggressively compete, blending real-time data and predictive mo June 4, 2026

Explosion at Hanwha Aerospace plant casts doubt on planned satellite launch SEOUL, June 4 (AJP) - The planned launch of a satellite-carrying solid-fuel rocket off Jeju remains uncertain following an explosion at Hanwha Aerospace's plant in Daejeon that left seven people dead or injured. The Ministry of Employment and Labor raided Hanwha Aerospace’s headquarters in Seoul and its Daejeon plant on Thursday in connection with the fatal explosion. The Ministry of Employment and Labor raided Hanwha Aerospace's headquarters in Seoul and its Daejeon plant on Thu June 4, 2026

Ballot paper shortage disrupts local elections as ballot box remains unretrieved SEOUL, June 4 (AJP) - A rare logistics failure disrupted this year's local elections in Seoul, where ballot papers ran out at 14 polling stations, delaying voting and angering voters. At one station, a ballot box remained unretrieved as of Thursday morning, fueling further criticism of the already embattled National Election Commission (NEC) over its handling of the vote. The NEC is the independent agency responsible for overseeing the country's elections. The disruption began around June 4, 2026

UPDATE: Korea's May inflation hits 26-mo high, hastening hike agenda *Updated with additional information and market response. SEOUL, June 02 (AJP) - South Korea's inflation accelerated by the fastest pace in 26 months to run above 3 percent in May as energy shocks from prolonged Gulf conflicts pushed up prices from fueling to service charges coupled with crisis-level exchange rate to rock capital markets and send the central bank scrambling for emergency actions. The composite consumer price index for May rose 3.1 percent from a year earlier, according to June 2, 2026

How shaved ice tells different stories across East Asia SEOUL, June 1 (AJP) - Shaved ice is a summer staple across Asia, but the same dessert has taken sharply different paths in South Korea, Japan and China. In South Korea, bingsu has become a luxury item, a social media prop and a marker of changing consumer habits. This summer, Four Seasons Hotel Seoul is selling its Jeju apple mango bingsu for 149,000 won, the highest price among major Seoul hotels. The Shilla Seoul charges 130,000 won for its signature apple mango bingsu at its lounge bar The L June 1, 2026

Early voting for local elections hits record high, but final turnout remains to be seen SEOUL, June 1 (AJP) - Early voting for South Korea's June 3 local elections wrapped up with a record-high turnout, fueling speculation that final turnout could surpass a previous record of 60.2 percent seen in the 2018 local elections, the highest level in nearly three decades. The National Election Commission (NEC) on Sunday said 10.49 million of the country's 44.64 million eligible voters cast ballots during the two-day early voting period held Friday and Saturday, for a turnout rate June 1, 2026

South Korea's reckoning with the AI century There is a phrase South Koreans invoke with quiet pride: bbaly bbaly — "quickly, quickly." It describes a national temperament forged in crisis, the same urgency that rebuilt a war-ravaged nation into an industrial titan within a single generation. But urgency alone, as Kwon Seok-jun, a semiconductor scholar at Sungkyunkwan University, recently warned, will not be enough for what comes next. The artificial intelligence age demands not just speed, but vision. South Korea stand May 30, 2026

Stock leverage, not typical housing as BOK's policy headache SEOUL, May 29 (AJP) — More than 60 trillion won ($39.9 billion) of leverage tied to South Korea’s stock market frenzy is emerging as a risk factor for both equities and the foreign-exchange market after the central bank all but signaled at least one rate hike in the second half. “While demand curves typically slope downward, heavy debt-fueled investment could reverse that pattern, as forced liquidations are triggered and funds are withdrawn when prices decline,” Bank of May 29, 2026

Early voting for local elections gets off to strong start SEOUL, May 29 (AJP) - Early voting for the June 3 local elections began across the country on Friday, with turnout already surpassing levels seen in previous elections, as President Lee Jae Myung and other prominent figures cast their ballots. According to the National Election Commission (NEC), voter turnout stood at 7.02 percent as of 2 p.m. on the first day of early voting, up 0.96 percentage points from 6.06 percent recorded during the 2022 local elections. Of the country's 44.64 milli May 29, 2026

A siren song from the BOK: the leverage party is over SEOUL, May 28 (AJP) -For a full year, the Bank of Korea sat motionless on a 2.50 percent benchmark while the KOSPI staged the most spectacular rally on the planet — up more than 93 percent since year-end, briefly flirting with 8,450 before Wednesday's close. On Thursday, the central bank's new governor finally said out loud what the bond market had been bracing for: the only questions left are when, how fast, and how far rates rise. A plain-spoken siren to the leverage crowd. Ne May 28, 2026