South Korea's HJ Heavy wins flood control project in Philippines

SEOUL, November 26 (AJP) - South Korea’s HJ Heavy Industries said on Wednesday it has been selected by the Philippine Department of Public Works and Highways to lead the Tagum flood control project, a contract valued at about $76 million. The project is designed to address long-standing flooding in Tagum City in Davao del Norte through the construction of levees and bridges, as well as dredging and widening of local rivers. The work is scheduled to take 48 months from comm

November 26, 2025

IMF urges Korea to raise retirement age, delay pension payouts

SEOUL, November 26 (AJP) - The International Monetary Fund has recommended that South Korea raise its statutory retirement age to 65 and delay the start of public pension benefits to 68, according to a report posted on the IMF’s website. Citing OECD research, the Fund said the proposed changes could lift total employment by about 14 percent and increase GDP by 12 percent by 2070. The IMF said adjusting the retirement and pension system is essential to ensure long-term f

November 26, 2025

S. Korea sets 2027 target for full autonomous vehicle commercialization

SEOUL, November 26 (AJP) - South Korea will make large-scale investments in autonomous vehicles and artificial intelligence as part of a broader strategy to accelerate the country’s transition to an innovation-driven economy, Deputy Prime Minister and Finance Minister Koo Yun-cheol said on Wednesday. Speaking at an economic strategy meeting in Sejong, Koo said the government aims to commercialize fully autonomous vehicles by 2027 and elevate South Korea into the world&rsqu

November 26, 2025

OPINION: Workplace safety policies fail to address the most vulnerable

SEOUL, November 26 (AJP) - Workplace fatalities in South Korea are on the rise again. According to the Ministry of Employment and Labor's third-quarter report, 457 people have died from industrial accidents this year, an increase from last year. Despite heightened safety measures and relevant regulations implemented over the past three years, deaths remain concentrated in small businesses and construction sites, where enforcement proves difficult. While large companies have improved safety m

November 26, 2025

South Korea to transfer retired submarine to Poland as part of naval cooperation

SEOUL, November 26 (AJP) - South Korea will transfer the decommissioned Jang Bogo submarine to Poland at no cost by the end of this year, according to multiple military sources. The donated submarine would give Poland a stop-gap training platform for submarine crews, enabling familiarization with submarine operations and maintenance ahead of the next-generation vessels. The submarine represented the Republic of Korea Navy’s first generation of post-Cold War submarines.

November 26, 2025

South Korea performs third-best in Q3 real GDP growth in OECD scale

SEOUL, November 26 (AJP) -SEOUL, November 26 (AJP) - The South Korean economy performed third-best among 26 economies of the Organization for Economic Cooperation and Development (OECD) in the third quarter, according to preliminary compiling by OECD, the Bank of Korea said Wednesday. Korea’s real GDP grew 1.166 percent in the July–September period, ranking third out of 26 countries that had released preliminary estimates, Israel topped the list with 2.967 percent

November 26, 2025

K-Food diplomacy: strengthening South Korea-Middle East ties

The Middle East, historically a hub of the ancient Silk Road, is now witnessing a surge in K-food popularity, broadening cooperation between South Korea and the region. As of October, K-food exports to the United Arab Emirates (UAE) rose 23.2% from the previous year, reaching $275 million. The South Korean government views the Middle East as a strategic market for diversifying K-food exports. Efforts include easing halal certification burdens, supporting local store entries,

November 26, 2025

OPINION: Azerbaijan's Path to Peace and Progress

SEOUL, November 25 (AJP) - Although geographically distant, Korea and Azerbaijan have come closer thanks to a series of meaningful events. One such moment unfolded when the Embassy of the Republic of Azerbaijan in Seoul hosted a special ceremony on Nov. 6 to commemorate Victory Day, observed annually on Nov. 8. The event brought together dignitaries, forei

November 25, 2025

PHOTOS: Nuri stands upright for its journey into space

SEOUL, November 25 (AJP) - South Korea completed the vertical installation of its homegrown launch vehicle Nuri on November 25, ahead of its fourth mission scheduled for 1:10 a.m. on November 27. The rocket now stands secured on the launch pad, waiting for its final countdown. Nuri will carry 13 satellites into space, including the next-generation medium-sized satellite No. 3 and twelve CubeSats. The payloads will test technologies across a wide range of fields — from space

November 25, 2025

PHOTOS: Successful Italian "FORMAGGIAMO!" Event with Masterclass by Chef 'Fabri'

SEOUL, November 25 (AJP) – The Italian cheese promotion campaign “FORMAGGIAMO!” wrapped up successfully after running from November 19 to 24 at High Street Italia in Sinsa-dong, Gangnam District, Seoul. On the opening day, Chef Fabrizio Ferrari, known as “Fabri,” hosted a masterclass featuring pasta dishes made with four different cheeses and a fusion dish of cheese kimchi fried rice combining Korean and Western flavors. “FORMAGGI

November 25, 2025