SEOUL, November 05 (AJP) - South Korea’s Patent Court has invalidated the “Hyundai” trademark owned by Puerto Rico-based Hyundai Technology, ending a yearslong legal dispute over one of Korea’s most recognizable corporate names. The ruling, handed down in May, resolved a conflict that began in 2020 when Hyundai Technology filed suit over the use of the “Hyundai Connect” trademark. The case drew attention in South Korea’s business communi

SEOUL, November 05 (AJP) - "Oh my gat, the real one has arrived," K-pop star G-Dragon wrote on social media, sporting a black fedora draped with a pearl chain resembling a traditional Korean "gat" headpiece he wore while performing his latest hit "Power" at the APEC Leaders' Meeting gala in Gyeongju last Friday. The pun paired his fashion humor with a nod to the gat reimagined by the "Saja Boys" in Netflix's hit anime "KPop Demo

SEOUL, November 05 (AJP) - South Korean battery manufacturers are pressing ahead with aggressive global expansion and investment plans despite multiple headwinds - overcapacity worries, rising trade barriers, stalled growth in electric vehicles and China's overwhelming dominance - as they bet on rechargeable batteries becoming the dominant clean-energy infrastructure of the AI age. Top three battery makers are doubling their U.S. production capacity to 600 gigawatt-hours (GWh) a

SEOUL, November 05 (AJP) - South Korea’s internet platform leader Naver Corp. posted its highest-ever quarterly revenue for the July–September period, powered by broad adoption of artificial intelligence across its businesses. According to the company’s regulatory filing Wednesday, operating profit rose 8.6 percent from a year earlier to 570.6 billion won ($394 million), while revenue jumped 15.6 percent to 3.138 trillion won ($2.17 billion). It is the first time i

SEOUL, November 05 (AJP) - Asian stocks tumbled across the board on Wednesday, with recent winners in Seoul and Tokyo turning into the day’s biggest losers. South Korea’s benchmark KOSPI closed down 2.85 percent at 4,004.42, barely holding the psychologically important 4,000 level. The index had plunged more than 5 percent in early trading, triggering a sidecar halt. The selloff followed mounting fears of a potential U.S. market bubble after steep losses in Palantir Te

SEOUL, November 05 (AJP) - South Korea’s Ministry of Trade, Industry and Energy on Wednesday launched a team designed to accelerate the transition of quantum technology from laboratory research to industrial application. The so-called K-Quantum Industry Alliance brings together companies, universities, research institutes, and financial organizations in a coordinated effort to strengthen the country’s quantum ecosystem. During a ceremony in Seoul, participants sig

SEOUL, November 5 (AJP) - Former First Lady Kim Keon Hee on Wednesday admitted to accepting luxury bags, which have been among multiple allegations against her, but claimed they were not bribes given in return for favors. In a statement released by her legal representatives, the wife of disgraced former President Yoon Suk Yeol said she received two Chanel bags from Jeon Seong-bae, a dubious religious leader and shaman, but denied accepting high-end jewelry including a Graff neckla

SEOUL, November 05 (AJP) - More South Koreans say they distrust the national pension system than those who express confidence in it, according to a new survey highlighting deepening public skepticism toward the country’s social safety net. The poll, commissioned by the Korea Employers Federation and conducted by Mono Research, found that 55.7 percent of respondents do not trust the national pension system, compared with 44.3 percent who said they do. Distrust wa

SEOUL, November 05 (AJP) - Bank of Korea Governor Lee Chang-yong will travel to Basel, Switzerland, on Thursday to attend a meeting of the Bank for International Settlements (BIS) governors. During his visit, Lee will join discussions with fellow central bankers on the global economy and financial markets. As a BIS director, he will also take part in meetings of the board and the Economic Consultative Committee. In his capacity as chair of the Committee on the Global Financial