Foreign students spike in Korea, but not helping rural and high-skilled talent shortage

SEOUL, November 24 (AJP) - Non-Chinese students now make up the majority of foreign enrollment at Korean universities, as the number of international degree-seekers has tripled over the past decade. Foreign students also fill one in every six postgraduate seats — a striking figure for a country facing a shrinking workforce and rising demand for highly skilled talent. According to the Korea Educational Development Institute (KEDI), 179,190 international students were enrolled

November 24, 2025

KOSPI closes lower, defying broad Asian recovery led by Hong Kong gains

SEOUL, November 24 (AJP) - South Korean shares extended weakness on Monday, becoming the only major Asian market to finish lower. Concerns over the won’s vulnerability, persistent AI bubble narratives, and progress in Russia–Ukraine ceasefire discussions created a triple overhang that erased early gains. The benchmark KOSPI closed 0.19 percent lower at 3,846.06. The index climbed more than 1 percent in early trading but reversed course in the afternoon as selling press

November 24, 2025

Fried chicken beats kimchi as Korea's global signature dish

SEOUL, November 24 (AJP) - Fried chicken – not kimchi – is the foreign favorite Korean food, which explains Nvidia CEO Jensen Huang’s choice of dining out with his Korean tycoon friends – Lee Jae-yong of Samsung Electronics and Chung Euisun of Hyundai Motor – last month. Nearly three out of 10 foreigners, or 28.3 percent, named Korean fried chicken as the most Korean menu they had eaten over the past year, according to a poll of 11,000 respondents acr

November 24, 2025

Musinsa launches K-culture platform targeting global fans

SEOUL, November 24 (AJP) - South Korean fashion platform Musinsa launched K-KONNECT this month, a dedicated category featuring K-pop and K-culture merchandise including fashion items, albums, and event tickets. The service, which builds on Musinsa's limited-release platform "Musinsa Drop" launched in 2023 and "Musinsa Edition" brand collaborations from 2024, aims to connect Korean culture with global fans through exclusive products and offline pop-up stores

November 24, 2025

BOK seen holding rates through early 2026 as won weakens and debt pressures mount

SEOUL, November 24 (AJP) - The Bank of Korea is widely expected to keep its key rate unchanged at 2.50 percent this week — and likely through the first half of 2026 — as the steep slide in the Korean won and heavy private-sector debt leave little room for further easing. The Monetary Policy Board meets Thursday for its final rate decision of the year. The base rate was cut twice in the first half, by a combined 50 basis points from 3.00 percent to 2.50 percent, and has

November 24, 2025

Korean won nears 1,500, reshaping export gains and deepening cost pains across industries

SEOUL, November 24 (AJP) - The Korean won’s slide toward the 1,500-per-dollar mark — a level touched only during crisis periods — is raising alarms for a trade-dependent economy where a cheaper currency now delivers diminishing benefits to exports while magnifying cost burdens for companies with massive U.S. investment plans. According to Bank for International Settlements data, Korea’s real effective exchange rate (REER) fell to 89.09 at the end of October

November 24, 2025

Food inflation may be brewing as the dollar–won rate stays at crisis levels

SEOUL, November 24 (AJP) - Kalguksu, flour dough cut by knife into noodles and served in a steamy broth, is one of the cheapest comfort meals for Korean office workers on cold winter days. But even this humble bowl is no longer cheap. A serving now averages 9,846 won ($7), up 5 percent from a year ago and more than 50 percent from a decade earlier. It is the latest addition to Korea's growing list of food-flation items, as the soaring dollar–won exchange rate raises the

November 24, 2025

Hollywood star Charlize Theron spotted in Seoul's trendy neighborhood

SEOUL, November 24 (AJP) - Hollywood actress Charlize Theron was recently spotted in Seoul's trendy areas near Hongik University, crating a buzz among fans here. A video clip posted on social media on Sunday showed Theron dressed in a brown trench-style coat and sunglasses, walking with her daughter without any security guards. The clip went viral immediately. When one fan approached her and asked to take a photo together, Theron smiled and warmly posed with her arm around

November 24, 2025

Gov't unveils plans to attract global talent, top scientists by 2030

SEOUL, November 24 (AJP) - South Korea unveiled its plans to attract 2,000 foreign experts and recruit 100 top-tier global scientists by 2030 at a meeting held at the government complex in central Seoul on Monday. The meeting was attended by Prime Minister Kim Min-seok, Bae Kyung-hoon, the Minister of Science and ICT and other officials from relevant ministries. The ambitious plans aim to address the declining school-age population amid the country's ultra-low birthrate, as

November 24, 2025

 NPS pushed to front line of FX defense as KRW sinks to crisis levels

SEOUL, November 24 (AJP) - South Korea’s fiscal and monetary authorities, constrained in their ability to slow the won’s steep decline, are turning to an unlikely player for relief: the National Pension Service (NPS), the country’s largest institutional investor and one of the biggest structural movers of the dollar–won rate. Working-level officials from the NPS met finance ministry counterparts at the Sejong Government Complex on Monday. In a press stateme

November 24, 2025