Journalist

Lee Hugh
  • Chef Park Eun-young Says She Will Marry in May; Choi Hyun-seok to Sing at Wedding
    Chef Park Eun-young Says She Will Marry in May; Choi Hyun-seok to Sing at Wedding Park Eun-young, a chef who appears on JTBC’s “Please Take Care of My Refrigerator,” has announced she will marry in May. On the April 5 broadcast, Park said she will hold her wedding ceremony in Seoul in May. “Because I’m a chef, a lot of people ask me to cook for them, but I was drawn to him because he was the only one who said he would cook for me first,” she said. Asked whether her fiancé had commented on her dancing, Park said he did not say much, but asked if her restaurant was struggling. She added that the more intensely she dances, the more he says he will support her by making lots of reservations. Chef Choi Hyun-seok said Park asked him last week to sing at the wedding. “There are lots of celebrities — why do you want me to do it?” he asked. Park replied, “I need a wedding song, and you want to do it,” drawing laughter. 2026-04-06 07:48:14
  • Private contracts offer some relief for Korea from Australias hint of LNG export curbs
    Private contracts offer some relief for Korea from Australia's hint of LNG export curbs SEOUL, April 06 (AJP) -South Korea’s liquefied natural gas supply chain faces a fresh hit as Australia — an increasingly critical supplier amid Middle East disruptions — signals possible export curbs to prioritize domestic demand. warning comes as Seoul leans more heavily on Australian LNG to offset heightened risks stemming from the Middle East war. Despite government reassurance of stable supply, industry officials caution that tightening export controls by major producers could quickly ripple through global supply chains, posing risks for import-dependent economies such as Korea. Non-state entities like SK Innovation E&S and Posco International have been expanding upstream investments and diversifying sourcing strategies, helping to provide critical hedges against geopolitical shocks. SK Innovation E&S has begun direct imports of LNG from Australia’s Barossa gas field this year, establishing a long-term supply base. The project marks the first time a South Korean private company has independently carried out the full value chain — from exploration participation to development, production and import. The company invested 1.6 trillion won to secure 1.3 million tons of LNG annually over 20 years, equivalent to about 3 percent of South Korea’s yearly imports, providing a measure of stability amid growing uncertainty. Posco International is pursuing a parallel strategy centered on North America. In 2024, it signed 20-year contracts totaling 1.1 million tons per year — 700,000 tons with Mexico Pacific and 400,000 tons with U.S.-based Cheniere Energy. Starting in the second half of this year, the company plans to bring North American LNG into South Korea using an LNG-dedicated vessel secured through Cheniere, effectively building its own logistics channel. Beyond procurement, Posco International is also strengthening its upstream footprint. It invested 926 billion won in 2024 for phase four development of a Myanmar gas field, where about 80 percent of output is sold to China. In Australia, Senex Energy — acquired by Posco International in 2022 for about 400 billion won — has recently raised production to around 1.2 million tons annually, with most volumes supplied to eastern Australia. These diversification efforts are gradually reshaping South Korea’s LNG import structure. Of the country’s roughly 45 million tons of annual LNG imports, about 70 percent is handled by state-run Korea Gas Corp., while private companies account for the remaining 30 percent, largely for their own power generation needs. Reliance on a single state buyer, as in the past, would have left South Korea more exposed to export restrictions or supply disruptions from specific countries. “LNG demand is concentrated in Asia, and for a country like South Korea that relies heavily on imports, diversifying supply chains is essential,” an industry official said. “Preemptive investment by private companies and expanded direct imports are becoming even more important in a crisis.” 2026-04-06 07:27:09
  • BTS’ ARIRANG Tops Billboard 200 for Second Straight Week, a K-pop First
    BTS’ 'ARIRANG' Tops Billboard 200 for Second Straight Week, a K-pop First BTS’ fifth album, “ARIRANG,” has topped Billboard’s main albums chart, the Billboard 200, for a second consecutive week — the first time a K-pop act has held the No. 1 spot for two straight weeks. Billboard said in a chart preview article on April 5 (local time) that the album remained at No. 1 after finishing ahead of hip-hop star Kanye West (Ye)’s new release “BULLY” at No. 2 and Melanie Martinez’s “HADES” at No. 3. It is the first time a K-pop artist’s album has led the Billboard 200 for two consecutive weeks. The Billboard 200 ranks albums by total album units, combining physical and digital album sales, streaming equivalent albums (SEA) and track equivalent albums (TEA).* This article has been translated by AI. 2026-04-06 06:12:14
  • Ko Ji-won Wins Inaugural The Siena Open for Third KLPGA Title
    Ko Ji-won Wins Inaugural The Siena Open for Third KLPGA Title Ko Ji-won captured the Korean Ladies Professional Golf Association Tour’s 2026 domestic season opener on Saturday. Ko shot a 1-over 73 in the final round of the The Siena Open at The Siena Belluto Country Club (par 72) in Yeoju, Gyeonggi Province, with two birdies and three bogeys. She finished at 13-under 275, edging runner-up Seo Gyo-rim, last year’s rookie of the year, by one stroke (12-under 276). Ko became the inaugural champion of the newly created event and earned 180 million won from the 1 billion won ($?) total purse. Ko debuted on the KLPGA Tour in 2023. After competing as a conditional entrant, she won for the first time at the Jeju Samdasoo Masters in August last year, securing her tour card through the 2027 season. She added a second title in November at the S-OIL Championship. Saturday’s victory was her first on the mainland, after both of her previous wins came in her hometown of Jeju Island. She also made a hole-in-one Friday on the par-3 seventh and became the 10th player to win a tournament in which she recorded an ace. “I’m really happy to start the domestic season with a good result,” Ko said. “Both the hole-in-one and winning on the mainland are firsts for me. Having so many firsts makes me even happier. After I won twice in Jeju, people kept telling me to win on the mainland, too. I’m glad my first mainland win came at The Siena Belluto Country Club.” Ko missed the cut last month at the Rejuran Championship in Thailand, the KLPGA Tour’s first event of the year. She led from the opening round of the domestic opener and stayed on top through all four rounds for a wire-to-wire win. “At the season opener, my putting felt like it was only about 20% of what I wanted,” she said. “This week it was up to about 60%. In between, I really focused on putting practice.” Ko traded birdies and bogeys on the back nine while holding the lead. She stumbled with consecutive bogeys at the par-4 13th and 14th, then steadied herself by sinking a birdie putt of about 3 meters at the par-5 16th. She bogeyed the par-3 17th after finding a greenside bunker, allowing the margin to shrink to one again. On the par-4 18th, Seo’s birdie try from about 5 meters missed, and Ko calmly saved par to seal the one-shot victory. Recalling the two straight bogeys, Ko said, “After the first bogey, I thought, ‘A mistake was bound to happen at some point,’ so I actually felt lighter. But after the second bogey, I think I got a little shaken. Then I thought, ‘I’ve made all my mistakes for today,’ and I felt comfortable again.” Ko said her three career wins have given her confidence. “Before my first win, I didn’t think I was a player who could win,” she said. “I wanted to win, but I felt like I had too many shortcomings and it seemed far away. After winning once, I gained confidence. It makes me want to keep challenging myself. That confidence is the biggest thing.” With the victory, Ko matched the career win total of her older sister, Ko Ji-woo. “I’m happy to catch up to my sister’s win total,” she said. “But all my wins are thanks to her. She taught me a lot, and I think that’s why I could do it. In that sense, I think she has six wins.” Ko added that she expects her sister to be motivated by the result and hopes they can push each other while adding to their totals. Looking ahead, Ko said she wants to top last year’s two-win season and is aiming to win the Korea Women’s Open in June. Rookie Yang Hyo-jin finished alone in third at 10-under 278. Amateur Kim Seo-a, born in 2012 and a student at Sinseong Middle School, shot 9-under 279 to tie for fourth with Cho A-yeon. Park Sung-hyun, the world No. 1 who played on an invitation, finished tied for 13th at 5-under 283. Last year’s grand prize winner Yoo Hyun-jo finished tied for 26th at 2-under 286, and last year’s money leader Hong Jung-min tied for 53rd at 4-over 292. 2026-04-05 17:42:00
  • Seoul remains cautious while more foreign vessels slip through the Strati of Hormuz
    Seoul remains cautious while more foreign vessels slip through the Strati of Hormuz SEOUL, April 05 (AJP) -A number of foreign-flagged vessels have begun slipping through the heavily militarized Strait of Hormuz, offering tentative signs of movement in a waterway that remains effectively under Iran’s control — but for South Korea, the path out is still far from clear. The latest breakthroughs have come from Europe and Japan. A French-owned container ship operated by CMA CGM successfully transited the strait this week, becoming one of the first Western-linked vessels to do so since Iran imposed its de facto blockade. The ship reportedly signaled its nationality to Iranian authorities before entering, underscoring how passage is now contingent on political signaling as much as maritime protocol. Japan has also managed limited progress. A liquefied natural gas carrier linked to Mitsui O.S.K. Lines exited the Gulf — the first Japan-related vessel to pass since the conflict began — followed by an LPG tanker that navigated through Iranian territorial waters. Tokyo has stressed that these passages were not the result of direct government negotiations, suggesting that shipping firms are cautiously testing routes under evolving Iranian conditions. These isolated crossings align with Iran’s increasingly explicit policy of selective access. Tehran has moved beyond vague assurances and begun naming “friendly nations” eligible for passage. In a televised statement, a senior Iranian military spokesperson described Iraq as a “brother country” exempt from restrictions. Iran has also indicated it will allow vessels carrying humanitarian goods — including food and livestock feed — to pass, while continuing to restrict ships linked to what it considers hostile states. Still, the practical application of these rules remains opaque. Questions persist over whether exemptions apply based on a vessel’s flag, ownership, cargo, or destination — leaving shipping companies to weigh the risks of entering one of the world’s most volatile chokepoints. Seoul is watching the situation with caution. South Korea’s Foreign Ministry said Sunday that the differing outcomes reflect a complex mix of variables, including a vessel’s nationality, ownership structure, cargo type, destination and even crew composition. “Conditions vary by ship and by country,” the ministry said, adding that the government’s priority remains the safety of vessels and crew. It emphasized that Seoul is working with international partners to ensure freedom of navigation in line with global maritime norms, rather than pursuing bilateral negotiations with Tehran. For now, Korean shipping firms appear unwilling to act unilaterally. A total of 26 South Korean vessels, carrying 173 crew members, remain stranded inside the Gulf, with operators opting to wait for clearer security guarantees rather than attempt piecemeal exits. Meanwhile, the Korean finance ministry said Sunday that ambassadors from the six Gulf Cooperation Council (GCC) countries — Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain — have pledged to prioritize energy shipments to Korea. The envoys told Deputy Prime Minister and Finance Minister Koo Yun-cheol in a meeting on April 3 that Korea remains a “top-tier partner,” vowing close coordination to ensure stable supply of crude and other key resources. The pledge came after Seoul requested uninterrupted access to critical inputs including crude oil, naphtha and urea, warning that a prolonged Middle East conflict could weigh heavily on the Korean economy. Korea sourced 69.1 percent of its crude imports from the Middle East last year, with Saudi Arabia as its largest supplier and Qatar a key LNG provider. At the same time, Korea’s advanced refining capacity — designed to process heavy, sulfur-rich Middle Eastern crude into high-value products — has made it an indispensable node in the global energy supply chain. Korean refiners supply a quarter of Australia’s imported petroleum products and nearly 70 percent of U.S. jet fuel imports. That interdependence helps explain why Korea is important to Gulf producers in fear of the country preferring alternative crude such as Brent or WTI. 2026-04-05 17:25:26
  • BOK nominee holds half of assets in foreign currency, raising concerns ahead of hearing
    BOK nominee holds half of assets in foreign currency, raising concerns ahead of hearing SEOUL, April 5 (AJP) - Shin Hyun‑song, a nominee to lead the Bank of Korea, holds more than half of his assets in foreign currencies, raising concerns over potential conflicts of interest. According to a financial disclosure submitted to the National Assembly on Sunday ahead of his confirmation hearing slated for later this month, Shin and his family including his spouse and eldest son hold total assets of 8.24 billion Korean won (approximately US$5.49 million). Of that, roughly 4.57 billion won or about 55 percent is held in overseas financial assets and real estate, excluding an apartment in the affluent Gangnam district of southern Seoul valued at 1.51 billion won, and a loft residence in Jongno, central Seoul valued at 1.8 billion won. Shin reported deposits totaling 2.04 billion won at U.S. securities firms, asset managers, and investment banks in Switzerland and Spain. These assets are held in foreign currencies including U.S. dollars, British pounds, euros, and Swiss francs. He also invested in British government bonds worth 150,000 pounds or roughly 320 million won. His spouse, identified by her surname Han, owns an apartment near Northwestern University in Illinois valued at 284.94 million won, which she shares equally with their daughter. Of Han's deposits totaling 1.86 billion won, most are foreign-currency holdings at overseas financial firms. Their eldest son, a British national, reported foreign-currency deposits worth 82.39 million won and overseas stocks valued at 28.61 million won. Shin's wealth is estimated to have grown in recent months, as the weakening won has inflated the value of his foreign-currency holdings when converted into Korean won. Shin has lived abroad for more than 40 years since completing his mandatory military service in 1982, including his university years in the U.K., which likely explains his substantial foreign-currency holdings. However, critics warn that retaining such assets while leading the Bank of Korea could pose a serious conflict of interest. No previous BOK governor has held such a large share of foreign-currency assets. The outgoing Governor Rhee Chang-yong, who also lived abroad for many years, reported foreign-currency holdings of about 300 million won, just 5.5 percent of his total assets of 5.45 billion won. Shin's assets are likely to be one of the most contentious issues at his confirmation hearing, expected to be held in mid-April, along with other concerns such as foreign exchange volatility amid the weakening won. Arriving at his office to prepare for the hearing late last month, Shin said he is not overly concerned about the current exchange rate, but is instead focused on how much risk it can absorb. 2026-04-05 17:07:59
  • Ko Ji-won wins inaugural The Siena Open for third KLPGA Tour title
    Ko Ji-won wins inaugural The Siena Open for third KLPGA Tour title Ko Ji-won won the KLPGA Tour’s 2026 domestic season opener, capturing the inaugural The Siena Open title for her third career victory. Ko shot a 1-over 73 on April 5 in the final round at The Siena Belluto Country Club (par 72) in Yeoju, Gyeonggi Province, with two birdies and three bogeys. She finished at 13-under 275 to edge runner-up Seo Gyo-rim, last year’s rookie of the year, by one stroke (12-under 276). The newly created event carried a total purse of 1 billion won, and Ko earned 180 million won for the win. Ko debuted on the KLPGA Tour in 2023. After competing last year as a conditional entrant, she won her first title at the Jeju Samdasoo Masters in August, securing her tour card through the 2027 season. She added a second victory in November at the S-OIL Championship. After missing the cut at the Rejuran Championship in Thailand last month, Ko took the lead on the first day of the domestic opener and stayed on top through all four rounds to complete a wire-to-wire victory. In the back nine of the final round, Ko traded birdies and bogeys while holding the lead. She stumbled with consecutive bogeys at Nos. 13 and 14, but turned momentum with a birdie putt of about 3 meters on the par-5 16th. She bogeyed the par-3 17th after finding a greenside bunker, allowing the margin to shrink to one shot again. Ko did not give up the lead. On the par-4 18th, Seo missed a birdie putt of about 5 meters, while Ko calmly saved par to seal the one-stroke win. Tour rookie Yang Hyo-jin finished alone in third at 10-under 278. Amateur Kim Seo-a, born in 2012 and a student at Sinseong Middle School, tied for fourth with Cho A-yeon at 9-under 279. World No. 1 Park Sung-hyun, playing on an invitation, finished tied for 13th at 5-under 283. Last year’s KLPGA grand prize winner Yoo Hyun-jo tied for 26th at 2-under 286, and last year’s money leader Hong Jung-min tied for 53rd at 4-over 292. 2026-04-05 16:33:00
  • GS Caltex beats Korea Expressway Corp. to win fourth V-League women’s title, first in five years
    GS Caltex beats Korea Expressway Corp. to win fourth V-League women’s title, first in five years GS Caltex won its fourth women’s V-League championship title on Saturday, beating Korea Expressway Corp. in the best-of-five finals. GS Caltex defeated Korea Expressway Corp. 3-1 (25-15, 19-25, 25-20, 25-20) in Game 3 of the 2025-2026 V-League women’s championship series at Jangchung Gymnasium in Seoul. After winning Games 1 and 2 at Gimcheon Gymnasium, GS Caltex clinched the title in its first home match of the series, completing a three-game sweep over the regular-season champion. It was GS Caltex’s fourth championship-series crown, following titles in 2007-2008, 2013-2014 and 2020-2021. The club returned to the top for the first time in five years, since the 2020-2021 season. With the win, GS Caltex moved into second place on the league’s all-time championship list. Heungkuk Life has the most titles with five. GS Caltex finished third in the regular season but went unbeaten in the postseason. It first eliminated Heungkuk Life in the league’s first-ever women’s semifinals (junior playoff), then swept Hyundai E&C 2-0 in the playoffs before going 3-0 against Korea Expressway Corp. in the finals. The run gave GS Caltex a 6-0 postseason record and an undefeated championship. A third-place regular-season team has now won the championship series four times: GS Caltex in 2007-2008 (3-1), Heungkuk Life in 2008-2009 (3-1), Korea Expressway Corp. in 2022-2023 (3-2), and GS Caltex again this season. GS Caltex also set several firsts in this postseason: the first third-place team to sweep the championship series 3-0, the first team to win the championship after playing in the junior playoff, and the first third-place team to win the finals without a loss. Silva anchored the title run. She scored 42 points against Heungkuk Life in the junior playoff, then had 40 and 32 points in Games 1 and 2 of the playoffs against Hyundai E&C. In the finals, she posted 33 points in Game 1 and 35 in Game 2, then added 36 points in Game 3 while playing through an injury. She averaged 36.3 points over six postseason matches.* This article has been translated by AI. 2026-04-05 16:12:00
  • Plan to Cut Fintech Fees on Savings Bank Loan Referrals Stalls Amid Dispute
    Plan to Cut Fintech Fees on Savings Bank Loan Referrals Stalls Amid Dispute The government’s push to lower referral fees that fintech platforms charge savings banks for arranging loans is running into resistance. The plan is aimed at easing borrowers’ interest burdens, but fintech firms say higher fee caps are unavoidable given the risk profile of their customers, many of whom have credit scores of 700 or below. As of April 5, the financial sector said the Financial Services Commission had planned to pursue fee cuts in the first half of this year, but has slowed its pace after pushback from the fintech industry. With platforms and savings banks still far apart, the commission plans to gather additional views from both sides. The two sides have clashed since last year over fees for refinancing loans at so-called second-tier financial institutions. Fintech platforms currently charge 0.8% to 1.3% to broker refinancing loans at nonbank lenders, up to about 10 times the 0.08% to 0.18% charged for commercial bank loans. Savings banks argue the fees should be lowered to commercial bank levels. Their annual payments to major loan-comparison platforms are estimated at 220 billion to 230 billion won. The industry has told the commission it would use any savings from lower platform fees entirely to cut loan interest rates. Fintech firms counter that treating the fees as a simple cost is unfair and could shrink inclusive finance. They say borrowers using smaller fintech platforms tend to have lower credit scores, making the customer base riskier than that of commercial banks and pushing up the upper end of fees. Fintech executives also warn that fee caps could threaten the survival of smaller platforms. One industry official said savings banks earn fee income whenever they collect loan interest, while fintech platforms receive a fee only once, when a loan is executed. “The user base is fundamentally different, so it makes no sense to demand a blanket cut to commercial bank levels,” the official said. Another fintech official said bank loan agents take fees as high as 3%, while fintech platforms receive about half that, adding that fairness should be considered because the change could reduce borrowing opportunities for mid- to low-credit customers. As a compromise, officials are discussing first cutting referral fees for policy-backed loans for low-income borrowers, such as Haetsal Loan. The idea is to lower fees on policy products first and test whether borrowers see a meaningful reduction in interest rates. 2026-04-05 16:06:23
  • Oral Obesity Drug Race Intensifies as Efficacy and Convenience Shape Choices
    Oral Obesity Drug Race Intensifies as Efficacy and Convenience Shape Choices Novo Nordisk’s move into oral obesity drugs is now being matched by Eli Lilly, widening competition in a market long dominated by injections. As pills gain ground, analysts expect patients and prescribers to weigh results against ease of use more sharply. Industry officials said the U.S. Food and Drug Administration on April 1 approved Lilly’s oral glucagon-like peptide-1, or GLP-1, obesity drug Foundayo (active ingredient: orforglipron). The agency’s decision came 50 days after the application, an unusually fast timeline that industry watchers said underscores regulators’ priority on obesity treatments. Novo Nordisk entered first with an oral version marketed as “Wegovy pill.” Novo’s product requires dosing on an empty stomach and limits on water intake around the time of use, while Lilly says Foundayo can be taken without restrictions on food or timing. Lilly is promoting it as a GLP-1 tablet that can be taken at any time. Pricing is set at a similar level. Lilly priced Foundayo roughly in line with oral Wegovy: $25 a month for insured patients and $149 for those without insurance. That is far below the monthly cost of existing injectable drugs, which can run into the millions of won in Korea. Weekly injections remain the standard in obesity care, but oral drugs could spread quickly in early-stage treatment because they are easier to take, the industry said. The result, officials said, is likely a clearer split in choices based on effectiveness, convenience and lifestyle. On weight loss, injections still lead. Lilly’s injectable Zepbound showed average weight loss of 15 to 21 kilograms over 72 weeks, and about one-third of patients on the highest dose lost at least 26 kilograms. Lilly’s clinical data showed participants taking the highest dose of Foundayo lost an average of 12 kilograms over the same period. Because it is taken daily, results may vary, but the pill could broaden access among patients who are reluctant to use injections, the company and industry officials said. An industry official called the shift a turning point as obesity drugs move from “specialty therapies” toward “mass-market consumer products,” adding that oral drugs are clearly gaining momentum but choices will differ by effectiveness, convenience and lifestyle. Over time, the market is likely to split into two tracks, the official said. Lilly plans to begin shipping Foundayo on April 6 through its LillyDirect platform, aiming to secure early demand via U.S. retail pharmacies and telehealth providers. The company has submitted Foundayo approval applications in more than 40 countries, starting with the United States. Some countries that have been cautious about reimbursing obesity drugs because of high prices may revisit coverage as relatively cheaper oral options emerge, industry officials said. Another official said the market is expanding alongside growth in chronic-disease management, and that insurance and reimbursement talks are likely to accelerate. 2026-04-05 16:03:00