Bakery chain Paris Croissant to be split into operating, investment entities

SEOUL, November 24 (AJP) - South Korea’s SPC Group said Monday it will divide its affiliate Paris Croissant into two separate business and investment entities as part of a corporate restructuring plan approved at a board meeting on Nov. 21. The company began notifying employees of the changes, which it said are intended to streamline decision-making and clarify the responsibilities of Paris Croissant, which also functions as a de facto holding company within the gr

November 24, 2025

South Korea's mobile download speeds triple global peers, report shows

SEOUL, November 24 (AJP) - South Korea’s telecommunications operators delivered mobile download speeds more than three times faster than those in other major countries last year, according to a report released Monday by the Korea Telecommunications Operators Association (KTOA). Average download speeds across South Korea reached 1,025.52 Mbps in 2024, roughly 3.8 times higher than the 268.01 Mbps average recorded across seven benchmarked countries, the association said. The

November 24, 2025

South Korean man found dead in bag in Viet Nam

SEOUL, November 24 (AJP) - The body of a man believed to be South Korean was discovered inside a large bag in Viet Nam, the Ministry of Foreign Affairs said on Monday. According to the South Korean Consulate General there, the body was found inside a large blue bag near a residential area in Ho Chi Minh City the previous day. "We are in close communication with local authorities and will provide necessary consular support," said a ministry official, declining to give

November 24, 2025

Hanwha Ocean hosts Canadian industry chief in bid for submarine project

SEOUL, November 24 (AJP) - Canadian Industry Minister Mélanie Joly visited Hanwha Ocean’s shipyard in Geoje on Monday, underscoring Ottawa’s deepening evaluation of Hanwha’s bid in Canada’s 60-trillion-won submarine procurement project. Joly’s trip follows a visit by Canadian Prime Minister Mark Carney on Oct. 30. Although she had originally planned to accompany him, Joly was unable to due to scheduling conflicts, the company said. At the

November 24, 2025

Activist fund presses Stick Investment for succession plan, share buyback

SEOUL, November 24 (AJP) - Activist fund Align Partners Capital Management has publicly urged private equity firm Stick Investment to disclose its leadership succession plan and carry out a share buyback. Align, which holds a 7.63 percent stake, released an open letter on Monday demanding that the company present a value-enhancement roadmap by Jan. 19. The fund argued that Stick Investment remains significantly undervalued, noting that its return on equity stood at just 0.3 p

November 24, 2025

South Korea boasts fastest mobile download speeds in world

SEOUL, November 24 (AJP) - South Korea's three major telecom companies have been found to offer download speeds more than three times faster than those in major countries worldwide. According to a report released by the Korea Telecommunications Operators Association (KTOA) on Monday, their average download speed last year was 1,025.52 megabits per second (Mbps), about 3.8 times higher than the 268.01 Mbps recorded across seven surveyed countries including Japan, Germany, and the

November 24, 2025

PHOTOS: Christmas scenes across Seoul

SEOUL, November 21 (AJP) - With Christmas now only a month away, early holiday scenes are appearing throughout central Seoul. Large trees have been set up in major plazas and along busy streets, and rows of ginkgo and pine are wrapped in bright seasonal lights. Visitors pause to take photos against the glowing decorations, enjoying the quiet excitement that settles over the city at the end of the year.

November 24, 2025

PHOTOS: Gangwon's ski season officially opens

SEOUL, November 24 (AJP) - With the early cold settling in this year, two major resorts in Gangwon Province — Yongpyong Ski Resort and Phoenix Park in Pyeongchang — opened their slopes on November 21 to mark the start of the 2025–2026 winter season. During the first weekend after opening, November 22–23, the two resorts drew an estimated 5,500 visitors at Yongpyong and about 4,100 at Phoenix Park. Skiers and snowboarders who had been waiting for winter cr

November 24, 2025

Lee's approval rating edges up to 55.9%

SEOUL, November 24 (AJP) - President Lee Jae Myung's approval rating has inched up to 55.9 percent, up 1.4 percentage points from the previous week, pollster Realmeter said on Monday. According to the nationwide poll of over 2,500 people aged 18 and older conducted from Nov. 17 to 21, some 40.5 percent of respondents disapproved of Lee's performance, down 0.7 percentage points. The uptick in approval was attributed to his recent diplomatic achievements including a US$15

November 24, 2025

South Korea's HD Hyundai secures biggest container ship deal since 2007

SEOUL, November 24 (AJP) - HD Hyundai has secured its biggest container ship order since the 2007 shipbuilding boom, landing a deal worth 2.13 trillion won ($1.44 billion) to build eight ultra-large container vessels for South Korean carrier HMM. HD Korea Shipbuilding & Offshore Engineering, the group’s shipbuilding arm, said Monday it signed a contract to construct eight 13,400 TEU container ships equipped with LNG dual-fuel engines. The ships — each 337 mete

November 24, 2025