SEOUL, July 11 (AJP) - President Lee Jae-myung on Friday tapped candidates to fill the remaining two ministerial posts, completing the nominations for his 19-strong first cabinet. Kim Yun-duk, a three-term lawmaker from the ruling Democratic Party (DP), was named to head the Ministry of Land, Infrastructure and Transport, while Chae Hwi-young, CEO of travel platform Nol Universe, was nominated to lead the Ministry of Culture, Sports and Tourism, presidential chief of staff Kang Hoon

SEOUL, July 11 (AJP) - South Korea’s top three shipbuilders — HD Korea Shipbuilding & Offshore Engineering (HD KSOE), Hanwha Ocean, and Samsung Heavy Industries — are projected to post a combined operating profit of more than 2.57 trillion won ($1.86 billion) for the first half of 2025, more than triple the earnings from a year earlier, as the industry rides a wave of high-margin vessel deliveries and growing defense contracts. The projected total marks a 226

SEOUL, July 11 (AJP) - South Korea conducted a large-scale joint aerial drill with Japan and the United States, the Defense Ministry said on Friday. In a show of readiness against North Korea's nuclear and missile threats, the exercise was held over waters off the southern resort island of Jeju, involving a U.S. B-52 strategic bomber as well as South Korea's KF-16 and Japan's F-2 fighter jets, according to the ministry. "Through close cooperation, the three count

SEOUL, July 11 (AJP) - South Korea is sending a trade delegation to Chile and Mexico next week in a bid to expand exports of veterinary medicines and deepen agricultural ties. The Ministry of Agriculture, Food and Rural Affairs announced it will lead a mission from July 12 to 21 aimed at opening new export channels for South Korean veterinary drugs, including antibiotics and vaccines used in livestock, pet care, and aquaculture. Representatives from the Korea Animal Health Produc

SEOUL, July 11 (AJP) - North Korea’s Foreign Languages Publishing House released a new pictorial album in June showcasing the natural landscapes of Mount Paektu and Lake Chon. Mount Paektu, which stands at 2,744 meters, is the highest peak on the Korean Peninsula. Its summit features Lake Chon, a caldera lake. The lake has a circumference of 14 kilometers, an average depth of 213 meters, and a maximum depth of 384 meters. From mid-October to mid-May, Lake Chon is typically c

SEOUL, July 11 (AJP) - North Korea will continue to strengthen its ties with China, the state-run Rodong Sinmun reported on Friday, as two countries marked the anniversary of a treaty signed decades ago. Coinciding with the 64th anniversary of the treaty signed on July 11, 1961, by North Korean regime founder Kim Il-sung and then-Chinese Premier Zhou Enlai, the daily hailed the treaty for laying the groundwork to strengthen "strategic cooperation" between Pyongyang and Bei

SEOUL, July 11 (AJP) - South Korea’s benchmark KOSPI index climbed above the 3,200 level for the first time in nearly four years on Friday, buoyed by a global rally in semiconductor stocks, before paring gains as foreign investors turned net sellers. The index surged as high as 3,216.69 in morning trading, its highest intraday level since September 7, 2021, when it reached 3,201.76. By early afternoon, however, the index had trimmed its advance, standing at 3,186.14 — up

SEOUL, July 11 (AJP) - South Korea’s export momentum is expected to falter in the second half of 2025, weighed down by rising uncertainty over U.S. trade policy and softening global demand, according to a new industry survey. The Federation of Korean Industries (FKI), in partnership with research firm Mono Research, surveyed 150 companies among Korea’s top 1,000 exporters across ten key sectors. The findings paint a cautious picture: overall export volume is projected

SEOUL, July 11 (AJP) - Samsung Electronics plans to introduce its first extended reality headset later this year, positioning the device as a premium rival to Apple’s Vision Pro and Meta’s Quest lineup. The device, developed under the code name Project Moohan, marks Samsung's most ambitious move yet into immersive computing. The project is a collaboration with Google and Qualcomm, uniting three of the world’s largest tech companies as they seek to carve out spa