POSCO to invest 480 billion won in new automotive steel facility SEOUL, September 8 (AJP) - POSCO will invest 480 billion won (US$357 million) to build a new facility for high-end automotive steel, the steelmaker said on Tuesday. It broke ground on the continuous galvanizing line (CGL) facility at its steel mill in Gwangyang, South Jeolla Province, its first new CGL in nine years. Scheduled for completion in 2028, the new facility will have an annual production capacity of 450,000 tons of hot-dip galvanized steel sheet for automotive exterior September 8, 2026

Korea's AI committee pledges results as budget nearly doubles SEOUL, September 08 (AJP) - South Korea's presidential artificial intelligence committee marked its first anniversary with a pledge to turn a year of policy blueprints into gains that businesses and households can feel, a week after the government proposed nearly doubling AI spending. "Global AI competition is spreading beyond technology development into an all-out national contest that decides industry, security and growth," said Ha Jung-woo, standing vice chair of th September 8, 2026

Citizens shop ahead of Chuseok holiday Citizens shop at Gyeongdong Market in Dongdaemun-gu, Seoul, ahead of the Chuseok holiday, September 7, 2026. September 8, 2026

Citizens shop ahead of Chuseok holiday Citizens shop at Gyeongdong Market in Dongdaemun-gu, Seoul, ahead of the Chuseok holiday, September 7, 2026. September 8, 2026

Citizens shop ahead of Chuseok holiday Citizens shop at Gyeongdong Market in Dongdaemun-gu, Seoul, ahead of the Chuseok holiday, September 7, 2026. September 8, 2026

Citizens shop ahead of Chuseok holiday Citizens shop at Gyeongdong Market in Dongdaemun-gu, Seoul, ahead of the Chuseok holiday, September 7, 2026. September 8, 2026

More jobseekers eligible for support as age limit rises to 34 SEOUL, September 8 (AJP) - More young adults in South Korea will become eligible for job-related support as the government decided to raise the age limit from 29 to 34. According to the Ministry of Employment and Labor, the revisions to the relevant rules, approved at a Cabinet meeting on Tuesday, raise the upper age limit to 34, expanding the range to those aged 15 to 34, from the previous range, which defined young people as those aged 15 to 29. The ministry said the move will September 8, 2026

Japanese yen and bonds rally as BOJ tightening bets build SEOUL, September 08 (AJP) - The Japanese yen and long-dated government bonds rallied together Tuesday as investors priced faster tightening by the Bank of Japan (BOJ) alongside lower longer-term inflation risks. The yen strengthened as far as 152.89 per dollar, its strongest level since Feb. 17, before returning to around 153.3. Japan's 10-year government bond yield fell 4 basis points to 2.890 percent in morning trading. Ataru Okumura, senior rate strategist at SMBC Nikko September 8, 2026

Will Korea's most-loved game StarCraft become a K-game? SEOUL, September 08 (AJP) - South Korean game publisher Nexon is moving to bring the iconic StarCraft franchise under its arm through a licensing deal with Blizzard Entertainment, aiming to roll out the first new mainline installment of the battle game loved for nearly three decades in 16 years. The Chosun Ilbo reported that the deal was "on the verge of being finalized," after which Nexon would hold development rights to a successor to the existing series. "We can September 8, 2026

New bridge connects North Korea and Russia amid deepening ties SEOUL, September 8 (AJP) - A new road bridge across the Tumen River now connects North Korea and Russia, signaling a deepening economic and strategic partnership between the two countries. The North's state-run Korean Central News Agency (KCNA) reported Tuesday that the motor bridge's opening ceremony was held simultaneously the previous day in North Korea's northeastern city of Rason and Russia's Khasan in Primorsky Krai, with North Korean premier Pak Thae-song September 8, 2026