Budget carrier Jin Air reaches milestone of 100 million passengers

SEOUL, November 11 (AJP) - Jin Air has carried over 100 million passengers as of early November, the budget carrier said on Tuesday. The milestone comes roughly 17 years and four months after the airline launched its no-frills service with its first route between Gimpo and Jeju in July 2008. The accumulated number of passengers had reached approximately 99.94 million by the end of October, surpassing 100 million in early November, with 56.1 million traveling on domestic flights

November 11, 2025

South Korea's largest hydrogen center begins operation

SEOUL, November 11 (AJP) - A joint venture between Lotte Chemical and Air Liquide has opened South Korea’s largest high-pressure hydrogen shipping center. The facility, located in the Daesan Petrochemical Complex in South Chungcheong Province and operated by Lotte-Air Liquide Ener’Hy, a joint venture established in 2022, will supply high-pressure hydrogen across South Korea’s central region, including Seoul. It is expected to play a key role in fueling hydr

November 11, 2025

KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing

SEOUL, November 11 (AJP) - Korean and Japanese equities extended their coupled strength on Tuesday, lifted by easing concerns over the U.S. government shutdown and renewed confidence that recent warnings over an AI bubble may have been overstated. South Korea’s benchmark KOSPI climbed as much as 2.6 percent to 4,179.51 in early trading, while the tech-heavy KOSDAQ rose 1 percent to 897.31. Large-cap shares led the advance: Samsung Electronics gained 3.8 percent to 104,400 won

November 11, 2025

Hyundai Motor to supply electric buses to Indonesia's Bali

SEOUL, November 11 (AJP) - Hyundai Motor said on Tuesday that it had been selected as the final contractor to supply electric buses to Bali, Indonesia. The South Korean automaker won the contract through an international bidding process organized by the Global Green Growth Institute, or GGGI, an environmental organization backed by the South Korean government. The project is part of Indonesia’s broader push to promote sustainable mobility and reduce carbon emissions in tou

November 11, 2025

CJ CheilJedang's 3Q dips nearly 27% on cost spike related to raw materials and FX

SEOUL, November 11 (AJP) - South Korea's food giant CJ CheilJedang on Tuesday reported double-digit fall in its third-quarter earnings as the global popularity of K-food was outweighed by money-losing bio and feed operations. According to its disclosure, its operating profit plunged 25.6 percent on year to 203 billion won on revenue of 4.5 trillion won ($3.08 billion) for the quarter ended September. Including CJ Logistics, consolidated revenue inched up 0.3 percent on year

November 11, 2025

Celltrion completes regulatory approvals for acquisition of Eli Lilly plant in US

SEOUL, November 11 (AJP) - South Korean biopharmaceutical company Celltrion said on Tuesday that it had finalized the acquisition of Eli Lilly’s production facility in Branchburg, New Jersey. The deal, which recently cleared all regulatory hurdles in the United States and Ireland, positions Celltrion to expand its presence in the world’s largest pharmaceutical market. The company said it expects to close the transaction by the end of the year. Regulatory approval

November 11, 2025

Korea's National Dance Company "Double Bill" blends the worlds of discipline and freedom

SEOUL, November 10 (AJP) - What looks like total chaos — fourteen dancers leaping, crawling, and tossing one another in midair amid tightly arranged metal tables — is, in fact, a work of meticulous control. A single misstep could mean a ruined sequence or even a serious injury. Discipline is the axis of American choreographer William Forsythe’s “One Flat Thing, Reproduced.” The tables impose strict rules: confined space, exact timing, predetermined pa

November 10, 2025

Rose's nod by Grammys fails to persuade investors of her Korean label YG

SEOUL, November 10 (AJP) - BLACKPINK member Rose is leading a wave of female K-pop artists heading into the 2026 Grammy Awards — an unprecedented moment for Korean pop music — but the historic nominations has so far failed to lift investor sentiment toward her label. Shares of YG Entertainment tumbled more than 7 percent to 66,650 won ($46) on Monday, the first trading day after the Recording Academy shortlisted Rose’s “APT.” featuring Bruno Mars for Re

November 10, 2025

Asian stocks rise across the board; KOSPI rebounds sharply

SEOUL, November 10 (AJP) - Asian stocks rose across the board on Monday, relieved by the developments in the United States as Washington appeared to move closer to ending the longest-ever federal government shutdown. South Korea’s benchmark KOSPI led regional gains, climbing 3.02 percent to 4,073.24 as the market warmed up the government’s plan to lower the separate tax rate on dividend income from 35 percent to 25 percent. Institutional investors drove the rebound,

November 10, 2025

Korean tofu major ventures into Europe, riding on U.S. success and K-food wave

SEOUL, November 10 (AJP) - After a decade of pushing its tofu onto American dinner tables, South Korea's leading tofu maker Pulmuone is preparing a full-scale entry into Europe, buoyed by the global rise of K-food and growing demand for plant-based diets across the region. The company said Monday it will establish a European subsidiary in Amsterdam as early as the end of this year and begin sales in France, Germany and Spain, marking its first major expansion into the bloc. &

November 10, 2025