Latest
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Watchdog cracks down on unfair K-pop membership practices
SEOUL, June 10 (AJP) - Unfair practices are rampant among paid memberships offered by major entertainment agencies and K-pop fandom platforms, the Korea Fair Trade Commission (KFTC) said on Wednesday. After surveying about 18 entertainment agencies and six fandom platform operators, the commission found a range of unfair clauses and binding terms, prompting it to request revisions, which the companies agreed to make voluntarily. Such memberships usually offer benefits like early
June 10, 2026
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South Korea's 20s and 30s were born into democracy, which explains their anger
On the evening of June 3, voters in Seoul's Jamsil neighborhood lined up at their polling stations and were turned away. Not by armed soldiers, but by a paper shortage. Ballots had simply run out. It sounds almost absurd — a punchline for a country that has spent decades positioning itself as a model of democratic development in Asia. South Korea holds transparent elections, produces peaceful transfers of power, and boasts one of the most digitally sophisticated elector
June 10, 2026
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Hanwha Qcells completes US solar hub, to begin cell production in July
SEOUL, June 10 (AJP) - Hanwha Solutions Qcells has completed its solar cell production line at its Cartersville plant in Georgia and will begin mass production in July, the company said Wednesday. With the completion, Hanwha Qcells has finalized the construction of its U.S. “solar hub,” an integrated solar manufacturing base that covers the full value chain from ingots and wafers to cells and modules. The company said its U.S. production capacity now stands at 3.3 gig
June 10, 2026
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Korea's election watchdog faces scrutiny over ballot-printing cuts in June 3 vote
SEOUL, June 10 (AJP) - South Korea's election watchdog is facing growing scrutiny after it emerged that the minimum ballot-printing threshold for the June 3 local elections was lowered from 60 percent to 50 percent of registered voters through internal approvals without a formal commission meeting, a move that could be associated with the unprecedented ballot shortages. The controversy has fueled calls for investigations and reforms amid ongoing blockade of a polling station i
June 10, 2026
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SpaceX debut threatens to siphon capital from Korea's chip rally
SEOUL, June 10 (AJP) - Elon Musk's SpaceX is emerging as an unexpected headwind for South Korea's semiconductor-driven stock rally as global investors reposition portfolios ahead of the company's blockbuster Nasdaq debut on Friday. The world's largest-ever initial public offering is expected to begin trading after attracting more than $250 billion in investor demand for an offering seeking to raise about $75 billion at a valuation nearing $1.8 trillion, according to
June 10, 2026
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Original Beer Company launches first canned lagers through GS25
SEOUL, June 10 (AJP) - Original Beer Company, a South Korean craft brewer known for its champagne-style bottled beers, will launch its first canned products through GS25 convenience stores nationwide on June 11 as it seeks to expand beyond premium retail channels and reach a broader consumer base. According to the company Wednesday, the initial lineup consists of OBC Lager Helles and OBC Lager Vienna, priced at 13,000 won ($8.5) for a four-can bundle. The launch marks the brewery
June 10, 2026
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U.S.-Iran tensions and SpaceX debut weigh on Asia, drag KOSPI below 8,000
SEOUL, June 10 (AJP) - The volatile Seoul market gave ground Wednesday, surrendering part of the previous session's explosive gains as investors locked in profits while renewed military clashes between the United States and Iran rattled global markets. As of 10:33 a.m., the benchmark KOSPI was down 2.80 percent at 7,870.03, extending losses after slipping below the 8,000-point mark earlier in the session. The junior KOSDAQ edged up 0.27 percent to 970.38. The Korean won als
June 10, 2026
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KAIST researchers teach robots human judgment using short videos
SEOUL, June 10 (AJP) - Researchers in South Korea have built an artificial intelligence system that allows robots and self-driving cars to figure out human intentions just by watching a handful of videos. The new method heavily cuts down the amount of data needed to train these machines, the Korea Advanced Institute of Science and Technology said Wednesday. A research team led by Professor Yoo Chang-dong at the Korea Advanced Institute of Science and Technology (KAIST)'s elect
June 10, 2026
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North Korean state media highlights Xi's visit with extensive front-page coverage
SEOUL, June 10 (AJP) - North Korean state media gave extensive coverage to Chinese President Xi Jinping's visit to Pyongyang earlier this week, highlighting close ties between the two traditional allies. In its Wednesday edition, the official Rodong Sinmun newspaper devoted four of its six pages to Xi's two-day visit and his summit with leader Kim Jong-un. Along with more than 50 photos, it carried detailed accounts of Xi's itinerary in Pyongyang, from his arrival on
June 10, 2026
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South Korea's workforce over 70 tops 2 million as aging and poverty reshape labor market
SEOUL, June 10 (AJP) - More than 2 million South Koreans aged 70 and older were employed last year to make up a record 7.5 percent of the country's workforce, underscoring how rapid aging and persistent old-age poverty are reshaping the labor market. According to Ministry of Data and Statistics, the number of employed people aged 70 or older reached 2.16 million in 2025, nearly doubling from 1.22 million in 2018. Their share of total employment climbed from 4.5 percent to 7.
June 10, 2026