Latest
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Renault unveils 'futuREady' strategy, plans 36 new models by 2030
SEOUL, March 11 (AJP) - Renault Group unveiled its new mid-to-long-term strategic plan dubbed "futuREady," charting an aggressive course to roll out 36 new models by 2030 as the French automaker seeks to cement its position as Europe's benchmark carmaker amid intensifying global competition. The plan revealed Tuesday (local time), succeeding the Renaulution turnaround strategy launched in 2021, sets a target of more than 2 million annual vehicle sales by 2030, with hal
March 11, 2026
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OPINION: Middle East conflict enters second week, leaving Trump with few options
SEOUL, March 11 (AJP) - The ongoing Middle East conflict that began with U.S. and Israeli airstrikes on Iran has entered its second week, with fighting and retaliatory attacks spreading across the region and no end in sight as attention now turns to U.S. President Donald Trump's next move. Since the killing of Iran's former supreme leader Ali Khamenei shortly after the Feb. 28 U.S.-led military operation, senior Iranian military figures have been targeted and killed, and key
March 11, 2026
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Korean games earn billions abroad but lose spotlight to K-pop
SEOUL, March 11 (AJP) - South Korea's video game industry is quietly generating billions of dollars overseas, yet publishers say it remains overshadowed by the global success of K-pop and film while facing heavier regulatory and financial burdens at home. Once the flagship sector of the country's "K-content" boom, game developers complain they struggle to gain global attention or policy support despite remaining the largest content export industry. Games account
March 11, 2026
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SK hynix expands AI memory portfolio beyond HBM with LPDDR6 breakthrough
SEOUL, March 11 (AJP) - SK hynix said Tuesday it has developed the world’s first 16-gigabit LPDDR6 DRAM built on its sixth-generation 10-nanometer-class (1c) process, positioning the chipmaker to capture the next wave of artificial-intelligence demand spilling over from data centers to smartphones and mobile front. The new mobile memory, designed for devices running on-device AI, improves data processing speed by 33 percent and boosts power efficiency by more than 20 perce
March 11, 2026
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BTS Comeback D-10: Heritage souvenirs await fans at Gwanghwamun
SEOUL, March 11 (AJP) — It is no surprise that BTS is weaving Korean history into its latest project: the group’s comeback album is titled “Arirang,” and its return performance will be staged at Gwanghwamun, the historic gateway to Seoul. For fans traveling from around the world, the group is also ensuring the souvenirs tied to the event reflect the cultural legacy of the Gwanghwamun setting. Ahead of next week’s comeback, BTS’ agency is prepar
March 11, 2026
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Op Ed: Remembering humility on St. Patrick's Day
In a world as fast-moving and unpredictable as the one we are navigating currently, it is nice to know there are some certainties upon which we can depend. One of those is St. Patrick’s Day. Every 17 March, this is an occasion that Irish people, and people of Irish heritage, celebrate all over our world, including here in South Korea. For our small island, from which so many people emigrated throughout our history, this really is a global celebration of history, culture, connecti
March 11, 2026
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Korea's HMM joins wave of force majeure as Iran war disrupts Strait of Hormuz
SEOUL, March 11 (AJP) -South Korea’s flagship container carrier HMM has joined a wave of force majeure declarations sweeping global shipping as the Iran war disrupts maritime traffic through the Strait of Hormuz, one of the world’s most critical trade and energy chokepoints. The company told shippers Wednesday that maritime security near the strait had deteriorated sharply due to the outbreak of war, hostile acts and attacks on commercial vessels, forcing it to impose
March 11, 2026
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Asian stocks advance as foreign investors return to Korean chipmakers
SEOUL, March 11 (AJP) — Asian stocks opened higher on Wednesday despite mixed signals from Wall Street, as markets remained jittery over conflicting messages from Washington and shifting remarks by U.S. President Donald Trump on the trajectory and duration of the Middle East war. As of 10:55 a.m., South Korea’s benchmark KOSPI rose 3.43 percent to 5,722.17, while the tech-heavy KOSDAQ gained 2.48 percent to 1,165.94. In Tokyo, the benchmark Nikkei 225 climbed 1.92 p
March 11, 2026
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Samsung shares head north on record R&D, buyback plan in AI chip push
SEOUL, March 11 (AJP) - Shares of Samsung Electronics headed north as investors welcomed the South Korean tech behemoth’s record spending — amounting to nearly a third of last year’s revenue of over $200 billion — to advance chipmaking capabilities in the AI-driven era while sharing the memory boom with shareholders. According to its 2025 business report disclosed Tuesday, the company invested a record 37.7 trillion won ($28.3 billion) in research and deve
March 11, 2026
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Hyundai Motor Group overtakes Volkswagen in profitability, claims global No. 2 spot
SEOUL, March 11 (AJP) - Hyundai Motor Group surpassed Volkswagen Group in annual operating profit for the first time last year, securing the No. 2 position among global automakers in a milestone that underscores the South Korean conglomerate's rising dominance in an increasingly competitive industry. The group, which encompasses Hyundai Motor Company, Kia and premium line Genesis, posted a combined operating profit of 20.55 trillion won ($13.99 billion) in 2025, comfortably ecli
March 11, 2026