SEOUL, September 17 (AJP) - South Korea’s POSCO Group remains committed to pursuing the country’s sea flag carrier HMM, despite fierce competition for the asset and vocal protests from the maritime industry. POSCO has been reviewing the option of going after state-owned stake in HMM in hopes to cut logistics costs and strengthen resilience against global supply chain disruptions. HMM, formerly Hyundai Merchant Marine, absorbed assets and the Asia–U.S. East Coast

SEOUL, September 17 (AJP) - Korean traditional medicine has gained a new foothold in the global healthcare market, with the United Arab Emirates becoming the first country in the Middle East to formally recognize it as a distinct medicine. In April, the UAE introduced licensing requirements for Korean medicine practitioners as a part of efforts to realign its healthcare system with emphasis on expanding the role of traditional medicine, or the complementary and alternative medicine

SEOUL, September 17 (AJP) - Despite the stream of damage-control statements from Washington, the recent massive immigration raid at a South Korean battery plant in Georgia has rattled economic cooperation and investment prospects with Seoul, argued a U.S. Democratic senator. Senator Chris Van Hollen, representing Maryland, said in an e-mail interview with AJP on Tuesday that the Georgia raid threatened "our strong relationship with South Korea and the prospect of future inve

SEOUL, September 17 (AJP) - U.S. President Donald Trump is expected to visit South Korea next month for the Asia-Pacific Economic Cooperation (APEC) summit, a U.S. envoy said on Wednesday. At a conference in central Seoul, Acting U.S. Ambassador to South Korea Joseph Yun said Trump will attend the multilateral gathering scheduled for Oct. 31 to Nov. 1 in the historic city of Gyeongju. Stressing the strong alliance between the two countries, Yun expressed expectations for another

SEOUL, September 17 (AJP) - Former Foreign Minister Kang Kyung-wha is soon expected to officially assume her post as South Korea's ambassador to the U.S. National Security Adviser Wi Sung-lac said on Wednesday that Washington has completed its agrément procedures for her appointment. Kang served as the country's first female foreign minister under former President Moon Jae-in, working with top U.S. officials during U.S. President Donald Trump's first term from

SEOUL, September 17 (AJP) - The "Su Super League," grassroots tournament Jiangsu Football City League, and the Village Super League, also known as Cun Chao, have gone viral, injecting fresh vitality into the integrated development of culture, commerce, tourism, and sports. Labubu toys, elf-like dolls produc

SEOUL, September 17 (AJP) - Netflix's hit South Korean anime "KPop Demon Hunters" continues its unstoppable rise, accumulating 300 million views. According to Netflix's ranking website Tudum on Wednesday, the K-pop themed anime has accumulated 314.2 million views since its release on June 20, remaining at the top spot in the platform's all-time movie rankings, which are calculated "based on total views in the first 91 days of release." The 100-minu

SEOUL, September 17 (AJP) - Hanwha Ocean, one of South Korea’s three largest shipyards, has bagged an order of 1.93 trillion won ($1.4 billion) from Taiwan's Yang Ming Marine Transport to deliver seven liquefied natural gas (LNG)-fueled container ships. The shipbuilder disclosed that the contract calls for construction of seven 15,880 TEU (twenty-foot equivalent unit) LNG dual-fuel containers at Hanwha’s Okpo Shipyard in Geoje, South Gyeongsang Province, with deliv

SEOUL, September 17 (AJP) - Korea Aerospace Industries (KAI) is betting big on winning a $7 billion U.S. Navy contract to replace its aging T-45 trainer jets, leaning on its proven record with advanced trainers already in service worldwide. KAI has teamed up with Lockheed Martin to offer the TF-50N, a naval variant of the single-engine T-50 jet trainer that is in service or on order with seven countries. The U.S. Navy will receive proposals for its Undergraduate Jet Training Sy