Journalist
Joonha Yoo and Ryu Yuna
joonhayoo94@ajupress.com
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KOSPI stages sharp rebound to lead Asian recovery SEOUL, March 05 (AJP) - Korean stocks led Asia’s rebound Thursday, with the benchmark KOSPI surging nearly 10 percent in a sharp reversal from the previous session’s record plunge, as bargain hunting and program buying drove a broad-based rally in heavyweight shares. The KOSPI closed at 5,583.9, up 490.4 points, or 9.6 percent, after swinging between an intraday low of 5,248.13 and a high of 5,715.3. Turnover reached 44.81 trillion won. The tech-heavy KOSDAQ outperformed, jumping 14.1 percent to 1,116.4. After a stunning flop on the previous two sessions, Korea marched far ahead of regional peers, with the KOSPI’s 9.6 percent gain dwarfing Japan’s Nikkei 225 rise of 1.9 percent and China’s Shanghai Composite advance of 0.6 percent. Buying was driven largely by retail investors on the main board, who snapped up 1.7964 trillion won ($1.23 billion) worth of shares on a net basis. Foreign investors, by contrast, sold 144.5 billion won, while institutions offloaded 1.7187 trillion won. On the KOSDAQ, the pattern flipped, with foreigners and institutions emerging as heavy buyers — purchasing 831.8 billion won and 741.5 billion won, respectively — as retail investors turned net sellers of 1.5528 trillion won. Large-cap leaders anchored the rebound. Samsung Electronics rose 11.3 percent to 191,600 won, while SK hynix gained 11 percent to 941,000 won, keeping semiconductors at the center of the rally. Hyundai Motor climbed 9.4 percent to 548,000 won, while LG Energy Solution added 6.9 percent to 371,500 won. Samsung Biologics jumped 8.6 percent to 1,647,000 won, and Hanwha Aerospace rose 4.4 percent to 1,381,000 won. Despite the strong finish, it was a roller-coaster ride. A buy-side sidecar was triggered shortly after the opening bell on both the KOSPI and KOSDAQ as program buying accelerated. Sidecars temporarily halt program-trading orders when index moves breach preset thresholds, a mechanism aimed at cooling abrupt swings. Elsewhere in the region, investors weighed policy signals out of China after Premier Li Qiang unveiled a 2026 growth target range of 4.5 to 5 percent at the opening of the National People’s Congress, stepping down from the “around 5 percent” goal maintained in recent years. China’s Shanghai Composite ended 0.6 percent higher, while Hong Kong’s Hang Seng rose 0.5 percent. Japan also joined the rebound. The Nikkei 225 gained 1.9 percent, with the index bouncing sharply in early trade as bargain hunting followed three sessions of losses tied to Middle East tensions. The Nikkei briefly climbed into the 56,600 range, recouping much of the previous day’s decline, while roughly 90 percent of stocks on the TSE Prime market traded higher. Semiconductor-linked and financial shares rebounded as well, with Advantest jumping about 7 percent at one point and Mitsubishi UFJ Financial Group rising around 5 percent. The Korean won which hovered near 1,480 came down to 1,460 range amid broad easing in the greenback and oil prices. The dollar was 1,469.40. 2026-03-05 17:54:12 -
BTS Comeback D-16: BTS teaser sparks global buzz ahead of 'ARIRANG' comeback SEOUL, March 05 (AJP) - BTS ignited massive online buzz Thursday after releasing a teaser for its upcoming comeback performance "BTS THE COMEBACK LIVE : ARIRANG," sending anticipation among global fans soaring ahead of the group’s long-awaited return. The K-pop sensation unveiled the trailer across its major social media platforms, quickly drawing millions of views and reactions from fans worldwide. The video opens with the roar of ARMY, BTS’ global fanbase, echoing from past concerts. The familiar sound sets the tone for what many fans view as a symbolic reunion between the band and its supporters. Scenes of Gyeongbokgung Palace — one of Seoul’s most iconic historic landmarks — appear throughout the teaser, blending traditional Korean imagery with BTS’ modern global identity. At the center of the trailer is a message from leader RM: "We promised our fans that we’d be back." The screen then flashes bold phrases such as "THE WORLD’S BIGGEST BAND IS BACK" and "WITNESS THE HOMECOMING," underscoring the scale and symbolism of the group’s return. The teaser rapidly gained traction online shortly after its release. On YouTube, the video garnered more than 32,000 views, 6,100 likes and 496 comments as of 4:30 p.m. (0730 GMT), seven hours after the initial upload. Engagement was even stronger across social media platforms. The teaser post on X generated about 4.1 million views, 211,000 likes, 141,000 reposts and roughly 8,600 comments. On Instagram, it collected more than 2.03 million likes and over 77,000 comments, highlighting the group’s massive global reach. Fans flooded comment sections with messages celebrating the group’s return, "Not everyone will understand why this feels so emotional. But if you’ve been here for years, you know this isn’t just a trailer. BTS don’t just release music, they release memories, healing, and pieces of our lives. Years later they still give the same feeling, excitement, pride, and little bit of tears," the YouTube comment posted by "Anusha15-1" gained over 4.1 thousand likes in five hours, with many noting that a performance in Seoul’s historic center adds symbolic weight to the comeback. "THE SHOT OF THEM WALKING WITH LIGHTED LAMPS IN THEIR HANDS LOOKED SO COOL!!" said "berryberryblueberryy" on YouTube. A teaser poster released alongside the video shows the silhouettes of all seven members standing before Gwanghwamun, reinforcing the theme of reunion. BTS is expected to release its fifth studio album "ARIRANG" on March 20. The following evening, the group will hold a major comeback performance at Gwanghwamun Square in central Seoul. The concert will be streamed worldwide through Netflix, making it one of the platform’s most high-profile live music broadcasts. The show will be directed by Hamish Hamilton, known for staging global events such as the 2012 London Olympic opening ceremony and the Super Bowl halftime show since 2010. The album’s title track, "SWIM," reflects on moving forward through life’s waves rather than being swept away by them. RM participated in writing the song, adding a personal narrative to the project. For BTS, the teaser signals more than the release of new music. It marks the beginning of a long-awaited reunion with fans around the world. 2026-03-05 16:33:55 -
Middle East Crisis: Away from the front lines, Iran and Israel wage a war of words in Seoul SEOUL, March 05 (AJP) - The Iranian and Israeli embassies in Seoul held back-to-back press briefings Thursday, trading starkly opposing narratives over the escalating war in the Middle East as both sides sought to shape international opinion. The unusual diplomatic exchange unfolded within hours of each other in central Seoul, with the Iranian ambassador accusing the United States and Israel of launching an illegal war and the Israeli envoy defending the military campaign as a necessary step to stop Iran’s nuclear and missile programs. The dueling briefings underscored how the widening conflict — sparked by U.S.-Israeli strikes on Iran — is rapidly becoming a global information battle as well as a military confrontation. Iran: “Illegal aggression” and war crimes Speaking at the Iranian Embassy in Yongsan, Ambassador Saeed Kouzechi blamed Washington and Israel for triggering the conflict. “The responsibility for the current crisis in West Asia lies with the United States and the Zionist regime of Israel,” Kouzechi said. “Today’s war did not originate from Iran’s actions, but from the deliberate decision of the United States and Israel to abandon diplomacy and choose military aggression.” The ambassador said Iran had engaged in negotiations with Washington twice in the past nine months over its nuclear program, arguing that the attacks during ongoing diplomacy demonstrated that the talks were used as a cover for military action. He accused Israel of violating international law and targeting civilians, citing an alleged strike on a girls’ elementary school in the southern Iranian city of Minab. “The attack killed 165 students and seriously injured dozens more. Such acts are clear war crimes and blatant violations of international humanitarian law,” he said. Iran, he added, would continue exercising its right to self-defense under Article 51 of the United Nations Charter until the attacks stop. “The Islamic Republic of Iran will not hesitate to defend itself. Our response is not revenge but legitimate self-defense,” Kouzechi said. The ambassador also rejected accusations that Iran is pursuing nuclear weapons, calling them “fabricated claims and disinformation.” “The country possessing nuclear weapons in the region is not Iran but Israel,” he said, noting that Israel is not a signatory to the Nuclear Non-Proliferation Treaty (NPT). Israel: Preventing a nuclear threat Roughly an hour later in a separate venue in central Seoul, Israeli Ambassador Rafael Harpaz offered a sharply different account. According to Harpaz, the military operation was aimed at preventing Iran from completing a nuclear weapons capability and halting the expansion of its ballistic missile arsenal. “Iran was approaching the final stage of nuclear weapon capability,” Harpaz said. “If we did not act now, we might not have another opportunity to prevent it.” He argued that years of diplomatic efforts had failed to stop Iran’s nuclear ambitions. “Iran has been explaining its nuclear program for decades and promising that it is peaceful,” he said. “But each time, the negotiations simply bought them more time to advance their program.” Harpaz also pointed to Iran’s financial support for Hezbollah in Lebanon, estimating that Tehran has provided the group with $2 billion to $3 billion in funding. The ambassador framed the operation as a defensive measure for Israel’s security. “When you imagine a one-ton warhead mounted on a ballistic missile hitting a densely populated Israeli city, the threat becomes very clear,” he said. Dispute over civilian casualties The two ambassadors clashed sharply over allegations that Israeli strikes hit civilian facilities. Iran said attacks on schools and hospitals represented clear violations of international humanitarian law. Israel denied intentionally targeting civilian infrastructure and warned that misinformation was circulating widely. “There is a lot of fake news coming out of Iran,” Harpaz said. “Israel has never intentionally targeted civilian facilities.” He added that Israel operates under a system of free media and urged journalists to verify claims carefully. Competing visions of the conflict The diplomatic clash in Seoul reflected a broader divide over the goals and legitimacy of the war. Iran framed the conflict as an unlawful act of aggression aimed at undermining its sovereignty and destabilizing the region. Israel, by contrast, presented the campaign as a preemptive effort to neutralize a nuclear and missile threat that could endanger its survival. Both ambassadors acknowledged the risk of a prolonged conflict but expressed confidence in their respective positions. “Iran has faced many invasions in its history and will continue to resist aggression,” Kouzechi said. Harpaz said Israel believes the military campaign will not become an endless war. “We trust our capabilities and the support of our allies,” he said The rare diplomatic confrontation in Seoul highlighted how the Middle East conflict is being fought not only on battlefields but also in global capitals. 2026-03-05 15:08:39 -
Asian markets in second rout while Seoul bourses suffer worst collapse SEOUL, March 04 (AJP) - The spiraling war in the Middle East sent shockwaves across Asian markets Wednesday, triggering a historic collapse on the Seoul bourse. Global energy markets remained volatile as tensions centered on the Strait of Hormuz — a critical artery for global oil shipments — fueled fears of supply disruptions and renewed inflation pressure. The narrow waterway carries roughly one-fifth of the world’s seaborne crude and serves as a key route for energy supplies bound for Asia. U.S. President Donald Trump said Washington was prepared to intervene to protect shipping lanes in the region. “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz,” Trump said, adding that the government would also provide political risk insurance for maritime trade to ensure the “free flow of energy to the world.” The war abruptly ended this year’s fastest and steepest rally in Korean equities, sending stocks tumbling for a second consecutive session in one of the sharpest market collapses in decades. The benchmark KOSPI plunged 12.06 percent, or 698.37 points, to close at 5,093.54, after already falling 7.24 percent the previous day. The two-day slide wiped out nearly 19 percent of the index’s value. The index briefly dropped to an intraday low of 5,059.45 before closing near session lows, pushing the market back toward levels seen earlier this year. The scale of the decline was extraordinary by historical standards. The drop surpassed the 12.02 percent plunge recorded on Sept. 12, 2001, in the aftermath of the Sept. 11 attacks, when the KOSPI fell 64.97 points to close at 475.64. The latest selloff therefore ranks among the steepest single-day declines in the history of the Korean stock market. Selling pressure intensified shortly after the open. The index began the session 3.44 percent lower at 5,592.59, before losses rapidly accelerated across the board. According to the Korea Exchange, circuit breakers were triggered as the selloff deepened. Trading was halted on the KOSDAQ at 11:16:33 a.m., followed by the KOSPI at 11:19:12 a.m., after both indices fell more than 8 percent from the previous close. The mechanism halted trading for 20 minutes in an effort to curb panic selling. It marked the seventh circuit breaker in KOSPI history and the eleventh for the KOSDAQ, and the first such halt since Aug. 5, 2024. Trading activity surged as volatility intensified. Turnover on the KOSPI jumped to about 62.6 trillion won ($42.6 billion), sharply higher than 52.8 trillion won the previous day. Losses were widespread across the Korean market, with major exporters and technology firms leading the decline. Samsung Electronics dropped 11.74 percent to 172,200 won, while SK hynix fell 9.58 percent to 848,000 won, extending losses from the previous session. Automakers and industrial stocks also suffered steep declines. Hyundai Motor plunged 15.8 percent, Kia slid 14.04 percent, and LG Energy Solution fell 11.58 percent. Heavy industry and shipbuilding shares were similarly hit, with HD Hyundai Heavy Industries dropping 13.39 percent. Even defense stocks — which had surged a day earlier amid rising geopolitical tensions — reversed sharply. Hanwha Aerospace, Hyundai Rotem, and Hanwha Systems all posted significant losses. The tech-heavy KOSDAQ also recorded a historic decline. The index plunged 14 percent, or 159.26 points, to 978.44, breaking below the psychologically important 1,000 level after opening at 1,112.08. Major growth stocks fell sharply across the board, including EcoPro, Alteogen, EcoPro BM, Samchundang Pharm, and Rainbow Robotics, all posting double-digit losses. Elsewhere in Asia, markets also declined as investors moved away from risk assets, though the scale of losses was far less severe than in Korea. Japan’s Nikkei 225 fell 3.6 percent to 54,245.5, while the broader TOPIX dropped 3.7 percent. In Greater China, declines were more moderate. Hong Kong’s Hang Seng Index fell 2.3 percent, while the Shanghai Composite slipped 1 percent. The comparison underscored the magnitude of Korea’s selloff, which far exceeded declines across other major Asian markets. Currency markets also reflected growing risk aversion. The Korean won traded near crisis-era levels at 1,476.2 per dollar, highlighting investor concerns about capital outflows and rising energy costs. With tensions in the Middle East unresolved and energy markets highly sensitive to developments around the Strait of Hormuz, volatility across global markets is likely to remain elevated. Market watchers note that after surging nearly 50 percent this year as of last week, the KOSPI may still face further downside risks if geopolitical tensions persist. 2026-03-04 17:47:01 -
K-pop boy band NOWZ drops first Japanese album SEOUL, March 04 (AJP) - Cube Entertainment's K-pop boy group NOWZ has rolled out its first Japanese album “NOWZ” on Wednesday, targeting the neighboring country's dance music scene. Releasing albums in Japan was considered one of the most important promotion activities for Korean artists in the early 2000s, when K-pop was not as popular. Japan has served for decades as a crucial gateway for K-pop acts seeking to build international audience. Chart performance, arena tours and album sales in the country have often been viewed as key milestones in an artist’s global expansion. The importance of the Japanese market dates back to the expansion of second-generation K-pop artists such as TVXQ, Girls’ Generation and KARA, whose chart success and large-scale tours helped establish Japan as a major overseas base for Korean artists. More recently, the industry has expanded its strategy by launching “localized K-pop” groups designed specifically for the Japanese market. JYP Entertainment’s nine-member girl group NiziU, formed through the audition program Nizi Project in partnership with Sony Music Entertainment Japan, debuted in Japan in December 2020 before expanding activities to Korea with a Korean-language release in October 2023. HYBE Labels Japan, now known as YX Labels. also launched multinational boy group &TEAM in December 2022 following the audition program &AUDITION – The Howling, positioning the group as a Japan-based K-pop act targeting both domestic and global audiences. NOWZ, composed of Hyunbin, Yun, Yeonwoo, Jinhyuk and Siyun, released the EP on global streaming platforms Wednesday alongside a performance video for the track "AMMO (feat. YRD Leo)." NOWZ is a five-member boy group under Cube Entertainment that debuted in April 2024. The group was originally introduced under the name NOWADAYS before rebranding as NOWZ in June 2025. It marks Cube Entertainment’s first new boy group since Pentagon, which debuted in 2016. The performance video for "AMMO (feat. YRD Leo)" features fast-paced visuals including laser effects and glass-shattering sequences synchronized with the group’s choreography. Japanese rapper YRD Leo, who features on the track, also appears in the video. The choreography for "AMMO" was created by Monika of the dance crew PROWDMON. The group previously showcased performance-driven tracks such as "EVERGLOW," "Problem Child" and "HomeRUN." The EP contains five various tracks, including the pre-released original Japanese song AMMO (feat. YRD Leo) as well as Japanese versions of previously released tracks HomeRUN, "GET BUCK," "Untitled World" and "Fly Freely." Following the EP, NOWZ will begin promotional activities in Japan starting March 5, including television appearances, media interviews and fan events. The group will also hold its first fan concert, "Run with me, NOW," in Korea on March 28. 2026-03-04 16:02:46 -
BTS Comeback D-17: 'ARIRANG' tracklist unveiled as heat builds up in countdown SEOUL, March 04 (AJP) - BTS has drummed up anticipation for its long-awaited comeback with the release of the 14-song tracklist for its upcoming album ARIRANG — the group’s first full-member project in nearly four years — due March 20, with fans already preparing to camp out for the closest view of the open-air comeback show the following day. The tracklist was unveiled by HYBE through its official website and social media channels, accompanied by a visual featuring the album’s logo layered over bold red tape-style graphics — an early hint at the intensity of the group’s reunion era. The album contains 14 tracks led by the title song “SWIM,” alongside “Body to Body,” “Hooligan,” “Aliens,” “FYA,” “2.0,” “No. 29,” “Merry Go Round,” “NORMAL,” “Like Animals,” “they don’t know ’bout us,” “One More Night,” “Please,” and “Into the Sun.” HYBE described ARIRANG as BTS’s first full-length album in nearly four years and a project that carries “special significance” in defining the direction of the seven members moving forward. The comeback marks the group’s first full-member release since entering an extended hiatus, raising expectations not only commercially but culturally as well. The title track “SWIM” is described as an upbeat alternative-pop song centered on perseverance and love for life. Rather than resisting life’s turbulent waves, the lyrics express the determination to keep moving forward at one’s own pace. Group leader RM played a major role in the songwriting process. The album took shape largely in Los Angeles last summer, where BTS collaborated with a global roster of producers including Diplo, Ryan Tedder, and Spanish electronic producer El Guincho. The tracklist reveal triggered immediate engagement online. As of 10 a.m. Wednesday, HYBE’s official post uploaded shortly after midnight had drawn roughly 4.7 million views, 13,000 comments, 203,000 reposts and 308,000 likes on X, with numbers continuing to rise. Major pop culture accounts showed similar traction, each generating more than one million views within hours — underscoring the global anticipation surrounding BTS’s return as a full group. The album’s title has also fueled discussion among fans. “Arirang,” widely recognized as Korea’s most iconic folk song, carries strong cultural symbolism. With BTS planning its comeback stage at Gwanghwamun Square, some fans had expected a stronger Korean-language presence within the album. A number of online comments pointed to the contrast between the Korean title and the predominantly English tracklist. Others expressed curiosity about how the cultural symbolism would translate into the music. Still, many fans voiced confidence in the group’s creative direction, noting BTS’s long-standing ability to blend Korean identity with global pop sounds. As the March 21 comeback event approaches, excitement is spilling beyond the internet. Posts circulating on social media suggest that some fans are already considering camping near Gwanghwamun Square to secure better viewing spots for the open-air performance. The anticipated turnout has prompted the Seoul Metropolitan Government to review the event’s safety preparations. City officials said Tuesday that the safety management plan for the “BTS 2026 Comeback Show” had been conditionally approved, with additional measures to be reinforced in coordination with police and fire authorities. ARIRANG will be released globally at 1 p.m. KST on March 20, followed by “BTS Comeback Live: ARIRANG” at Gwanghwamun Square the next day, with the performance streamed worldwide on Netflix. 2026-03-04 14:10:41 -
WAIFF D-2: Seoul edition marks global expansion in 2026 SEOUL, March 04 (AJP) - The World AI Film Festival (WAIFF), which debuted in Nice, France on April 11, 2025, will expand globally in 2026, with Seoul emerging as one of its key host cities. Putting emphasis on collaboration between artificial intelligence and human creativity, WAIFF aims to bridge technology, industry and artistic expression. The 2026 circuit will move through China, Korea, Japan and Brazil before culminating in April at the WAIFF Cannes Edition in France. Select award-winning works from the Seoul edition will receive official invitations to screen in Cannes, placing Korean creators before an international audience of filmmakers and industry professionals. Eligibility and Submission Framework WAIFF Seoul 2026 was limited to Korean nationals and residents, excluding employees of WAIFF institutions, partner organizations and their family members. Nominees invited to official events must have no restrictions affecting their entry or stay in Korea, and participants under 19 were required to submit parental consent. Eligible works were required to have been completed after Oct. 1, 2024, with one entry permitted per category. The festival stipulated meaningful integration of artificial intelligence, requiring each project to employ at least three AI tools, including one image-generative system. Submissions were required to include a synopsis, poster and still images, a production journal, a director’s biography or CV, and the video. English subtitles were mandatory, and videos had to meet a minimum technical standard of Full HD resolution at 24 frames per second. Entries that failed to comply with the guidelines or were submitted after the deadline were deemed invalid. Once selected as nominees, works could not be withdrawn. Competition Structure The Seoul edition will feature four categories reflecting different storytelling formats. The AI Short Film section accepts works running between five to ten minutes, with a recommended 16:9 aspect ratio and a declared genre among animation, action, drama or fantasy. The AI Shorts Series category centers on vertical content. Participants must submit a 9:16 series comprising four to six episodes, each 15 to 60 seconds, delivered as a single file with clearly separated segments. The AI Advertisement category invites short-form commercials for fictional products or services, incorporating a product name, logo and narrative concept. The Youth AI Film category consists of participants under 24 as of Feb. 10, 2026, with entries required to run between five to ten minutes. Team submissions are permitted, provided a designated representative is appointed to hold authority over awards and prize matters. The organizers do not intervene in internal disputes among team members. Event Schedule WAIFF Seoul 2026 will kick off on March 6 from 6 p.m. to 7:30 p.m. at Lotte Concert Hall, located on the 8th floor of Lotte World Mall in Seoul. Admission is free. The following day, March 7, the “WAIFF Seoul 2026: Creative Intelligence Forum” will run from 10:00 a.m. to 6:00 p.m. at Lotte Cinema World Tower Seoul. Tickets are priced at 89,000 won ($59.97). 2026-03-04 13:42:46 -
KOSPI rolls back seven days along with sliding Asian markets SEOUL, March 03 (AJP) - Asian markets extended losses while Korean market took the biggest fall Tuesday as rising tensions between the United States, Israel and Iran pushed oil prices higher and kept regional risk sentiment fragile. Brent crude climbed to $80.35 per barrel, up from $77.7 a day ago, as concerns grew over potential disruptions through the Strait of Hormuz, a vital corridor for global energy shipments. The waterway accounts for roughly one-fifth of global seaborne crude flows, much of which is bound for Asia. Korea Leads Regional Declines Korea bore the brunt of the selloff after reopening from a holiday. The benchmark KOSPI fell 7.24 percent to 5,791.9, swinging between a high of 6,180.5 and a low of 5,791.7 before closing near session lows. The drop marked the first decline of more than 7 percent since Aug. 5, 2024. When the index plunged 8.77 percent on Tuesday, it was pushed back toward levels last seen on Feb. 19, when it closed at 5,677.25. Trading turnover reached 52.5 trillion won ($35.7 billion). Losses were broad-based, with decliners far outnumbering advancers. Foreign investors sold 5.15 trillion won worth of shares, while institutions offloaded 886.3 billion won. Retail investors stepped in with purchases of 5.8 trillion won, partially absorbing the pressure. The tech-heavy KOSDAQ dropped 4.6 percent to 1,137.7, though foreign and institutional buying provided relative support compared with the main board. Heavyweight exporters retreated sharply. Samsung Electronics fell 9.9 percent to 195,100 won, and SK hynix declined 11.5 percent to 939,000 won, reversing part of their recent rally. Automakers were among the steepest decliners, with Hyundai Motor sliding 11.7 percent and Kia losing 11.3 percent. LG Energy Solution fell 8 percent, tracking weakness across growth-oriented names. Industrial and biopharma shares also softened, with Samsung Biologics down 5.5 percent and Doosan Enerbility retreating 8.8 percent. In contrast, defense and shipping names stood out as clear gainers. Hanwha Aerospace surged 19.8 percent, while the broader aerospace and defense sector advanced 17 percent. Shipping shares climbed 15.7 percent, reflecting expectations of tighter freight conditions amid geopolitical uncertainty. The Korean won weakened to 1,469.3 per dollar, underscoring external pressure as energy import costs rise. Japan, China Follow Lower Japan’s Nikkei 225 fell 3.1 percent to 56,279.1, while the broader TOPIX declined 3.24 percent, as export-oriented sectors tracked global risk aversion. Losses were more moderate in Greater China. Hong Kong’s Hang Seng Index slipped 1.1 percent, and the Shanghai Composite eased 1.5 percent, as policy expectations helped temper the broader downturn. Safe-Haven Assets Gain Ground Gold rose 1.2 percent to $5,311.6 per troy ounce, extending gains as investors shifted toward defensive assets. Bitcoin traded around $68,220 after volatile swings earlier in the session. With oil prices holding above $80 and currencies under pressure, markets across Asia remained sensitive to developments in the Middle East, leaving volatility elevated heading into upcoming U.S. economic data releases. 2026-03-03 17:28:31 -
WAIFF D-3: WAIFF Seoul 2026 seeks to put Korea at the crossroads of AI and cinema SEOUL, March 03 (AJP) - The upcoming World AI Film Festival Seoul 2026 aims to position itself as more than a standard cinematic competition, signaling that artificial intelligence-driven content creation has moved into a formal industrial phase. Organizers intend for the event to serve as a declaration that AI technology is no longer just an experimental tool but a cornerstone of modern media production. While the two-day event on March 6 and 7 will feature awards and screenings, organizers are framing the Seoul edition as a broader platform connecting creators, technologists and media companies at a time when generative AI is rapidly reshaping production workflows. Unlike traditional film festivals focused solely on finished works, WAIFF Seoul combines competition with a full-scale Creative Intelligence Forum, where discussions will address production pipelines, virtual production, copyright governance and the strategic direction of K-content in the AI era. The opening ceremony at Lotte Concert Hall is expected to draw around 1,500 participants, underscoring industry-level interest rather than niche experimentation. A special performance titled “The Symphony of AI & Human” aims to illustrate how artificial intelligence is extending beyond post-production tools into live artistic collaboration. Organizers have also emphasized long-term ecosystem building and ongoing dialogue on ethical standards in AI-assisted filmmaking, highlighting efforts to establish sustainable frameworks for AI-driven content creation. Coinciding with the 140th anniversary of diplomatic relations between France and South Korea, the Seoul launch carries cultural as well as technological symbolism, positioning Korea as a strategic node in WAIFF’s expanding global network. As artificial intelligence continues to transform creative industries worldwide, WAIFF Seoul 2026 is set to serve as a meeting point for artists, innovators and industry leaders seeking to explore new possibilities at the intersection of cinema and technology. 2026-03-03 15:59:06 -
NCT DREAM to host live viewing events in 86 cities worldwide SEOUL, March 03 (AJP) - NCT DREAM will broadcast the finale concerts of its fourth world tour in cinemas across 86 cities worldwide, its agency SM Entertainment said Tuesday. NCT DREAM is a seven-member Korean boy group that debuted in 2016 as a unit of the broader NCT brand, known for hit tracks such as “Hot Sauce,” “Candy” and “ISTJ.” The “2026 NCT DREAM TOUR FINALE” will be held over six days, March 20–22 and March 27–29, at KSPO DOME in Seoul’s Olympic Park. All seats for the encore concerts have sold out. Two of the concerts, March 21 and 28, will be screened live in theaters in nine cities across Korea and 43 cities in Japan, as well as in Jakarta, Macau, Singapore, Taipei, Kaohsiung, Kuala Lumpur, Hong Kong, Bangkok and Chiang Mai, bringing the total to 86 cities worldwide. In addition, concerts on March 21, 22, 28 and 29 will be streamed globally through Beyond LIVE and Weverse. Throughout its fourth tour, the group set a record for the most concerts held at Seoul’s Gocheok Sky Dome and became the first K-pop act to perform at Hong Kong’s Kai Tak Stadium. It also staged shows at Thailand’s Rajamangala National Stadium, Jakarta International Stadium and Taipei Dome. The Seoul encore concerts will mark the conclusion of the group’s fourth tour. 2026-03-03 14:23:16