Korean president unveils SHINE doctrine as new backbone of foreign policy in Egypt

SEOUL, November 21 (AJP) - South Korean President Lee Jae Myung on Thursday branded "SHINE" - stability, harmony, innovation, network, and education - as the backbone in his foreign policy, offering it as a framework for mediating peace in the Middle East and positioning Korean defense capabilities to complement tool in the role during his state visit to Egypt. Lee highlighted stability and harmony as the centerpiece of the twin pillars guiding Seoul's pos

November 21, 2025

OPINION: South Korea's youth losing faith in job market

South Korea is wrestling with a quiet crisis: the steady erosion of job prospects for its young people. The National Data Office’s latest employment report, released on Nov. 12, paints a stark picture. The employment rate for people ages 15 to 29 has been negative for a year and a half. The number of unemployed 30-somethings has climbed to 310,000 — a 22-year high — while roughly 400,000 people in their 20s are also out of work. In total, more than 700,000

November 21, 2025

Lee departs for Johannesburg to attend G20 summit

SEOUL, November 21 (AJP) - President Lee Jae Myung on Friday headed to Johannesburg to attend the Group of 20 (G20) summit, which will be held in South Africa this weekend, after wrapping up his visit to Egypt. During his stay in Egypt earlier this week, Lee met with President Abdel Fattah el-Sisi to discuss expanding trade and cultural cooperation as the two countries mark 30 years of diplomatic relations. He also delivered a speech at Cairo University. In a joint press statem

November 21, 2025

Korea celebrates defense advance and explores sustainability strategy: Aju Defense Forum '25

SEOUL, November 20 (AJP) - South Korea’s defense industry is enjoying an unprecedented heyday as demand for self-defense in a nation still technically at war converges with its rapidly advancing technological capabilities. Amid simultaneous military confrontations in Ukraine and the Middle East, Korea’s defense exports have tripled and are likely to easily top 30 trillion won ($20 billion) this year. Yet despite the rediscovery of Korea’s firepower —

November 20, 2025

Korea braces up for travel boon during winter holiday season from China–Japan fallout

SEOUL, November 20 (AJP) - Korean travel agencies and the industry are bracing up to seize a potential boon from the fallout and escalating hostility between China and Japan over remarks by Japanese Prime Minister Sanae Takaichi in early November on a potential Taiwan contingency that have led to a series of boycott-driven cancellations. Nearly 500,000 Chinese travelers have reportedly canceled Japan-related bookings — 32 percent of all Japan-bound reservations — after

November 20, 2025

K-pop groups once again caught in diplomatic crossfire amid China–Japan fallout

SEOUL, November 20 (AJP) - K-pop groups that have recently become regulars on Japanese television are once again caught in the crossfire between China and Japan, as renewed tensions under Tokyo's new hawkish leadership spill over into pop culture. The diplomatic standoff has revived decades-old antipathy between the two countries and is sending ripple effects across multiple fronts — from tourism to entertainment. Chinese music platform QQ Music announced Monday via

November 20, 2025

Asian market rebounds on Nvidia halo, Kospi recovers 4,000-mark led by chips

SEOUL, November 20 (AJP) - Asian markets rebounded Thursday after Nvidia delivered another set of stunning earnings, muting much of the overheated AI chatter and giving regional stocks their first solid lift this week. In Seoul, the benchmark Kospi advanced 1.9 percent to close at 4,004.85, reclaiming the psychologically important 4,000 mark for the first time in three sessions. The tech-heavy Kosdaq added 2.4 percent, finishing at 891.94. Foreign investors bought a net 560.7 bil

November 20, 2025

South Korea's NPS wins tax exemption in Sweden, recovers $8.6 million in dividend taxes

SEOUL, November 20 (AJP) - South Korea’s National Pension Service (NPS) is set to recover roughly $8.6 million in dividend taxes from Sweden after Swedish authorities formally acknowledged the fund’s tax-exempt status for investments in listed stocks. The decision, announced Thursday, covers taxes paid between 2016 and 2020 and is expected to save the NPS an additional $6.4 million annually going forward. The pension fund is also seeking refunds for about $8.8 mil

November 20, 2025

First mate, helmsman held over ferry accident

SEOUL, November 20 (AJP) - The first mate and helmsman of a passenger ferry that ran aground on an uninhabited islet off the southwestern coast overnight were arrested on Thursday over their alleged negligence, according to police. Police detained the first mate in his 40s, and the helmsman, an Indonesian also in his 40s, after both were found to have neglected their duties, causing the 26,000-ton ferry Queen Zenobia II to run aground. Initial investigations revealed that the f

November 20, 2025

Another star couple set to wed next month

SEOUL, November 20 (AJP) - Acting couple Shin Min-a and Kim Woo-bin will tie the knot next month. Shin and Kim recently decided to marry after building deep trust over years of their relationship," their management agency said in a press release. Their private wedding will be held in Seoul on Dec. 20 with only family and close friends in attendance. Shin and Kim have been a public item since 2015 when they admitted their relationship. The agency asked for "war

November 20, 2025