'Korean shipbuilders are key partners for American naval rebuilding'

SEOUL, April 17 (AJP) - A recent column published by the Center for Strategic and International Studies suggest that South Korean companies Hanwha Ocean and HD Hyundai Heavy Industries should play a central role in revitalizing the United States' declining shipbuilding industry. The column, authored by Park Jin-ho, a policy advisor to South Korea’s Ministry of National Defense, urges the U.S. to pursue formal partnerships with its longtime ally, citing the collapse of do

April 17, 2025

PHOTOS: Kyrgyzstan's special performance 'Color of Asia'

SEOUL, April 17 (AJP) - To commemorate the 33rd anniversary of diplomatic ties between the Republic of Korea and Kyrgyzstan (Ambassador Aida Ismailova), a large-scale classical concert titled Color of Asia was held on the evening of Wednesday, Apr. 16, at Lotte Concert Hall in Jamsil, Seoul. The concert was designed to express Asia’s artistic diversity and harmony through performance. It was produced by ABC Corporation, a company specializing in classical production, and d

April 17, 2025

Korean wedding industry under crackdown for false advertising

SEOUL, April 17 (AJP) - South Korea’s antitrust regulator has issued warnings to several prominent wedding planning firms for engaging in false and misleading advertising. The Fair Trade Commission (FTC) disciplined three companies — IniWedding, Weddingbook, and Wedding Crowd — for promotional claims that regulators said were unsubstantiated and potentially deceptive. The firms advertised themselves as the “largest in Korea,” “industry leader,&

April 17, 2025

Naver's AI pivot signals Korea's bid for global tech prominence

Editor's Note: This article is the 14th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, April 17 (AJP) - Once a modest search engine born out of a Samsung SDS skunkworks project in the late 1990s, Naver Corp. has reimagined itself as South Korea's digital juggernaut. Now, the tech conglomerate is placing an ambitious bet on artificial intelligenc

April 17, 2025

Eight PPP candidates compete to run for presidential election

SEOUL, April 16 (AJP) - Eight candidates from the ruling People Power Party (PPP) are set to compete in the first round of the party's internal primary for the presidential election slated for early June. About a dozen candidates submitted their bids early this week, but three were eliminated during a selection process, finalizing a lineup of eight contenders: IT tycoon-turned-politician Ahn Cheol-soo, former party leader Han Dong-hoon, former Daegu Mayor Hong Joon-pyo, former L

April 16, 2025

PHOTOS: Cheong Wa Dae

SEOUL, April 16 (AJP) - Cheong Wa Dae served as the presidential office and official residence from Aug.15, 1948, to May 9, 2022. With the impeachment of President Yoon Suk Yeol, who relocated the presidential office to Yongsan, there is growing interest in whether Cheong Wa Dae will be used as the presidential office again. Here are some photos of Cheong Wa Dae.

April 16, 2025

Finance minister to lead delegation to Washington for critical tariff negotiations

SEOUL, April 16 (AJP) - South Korea will dispatch a high-level economic and trade delegation, led by Deputy Prime Minister and Finance Minister Choi Sang-mok, to Washington next week in a bid to avert the impact of sweeping U.S. tariffs. Choi is expected to meet with U.S. Treasury Secretary Scott Bessent on the sidelines of the G20 finance ministers' meeting in Washington. Separately, South Korea’s Industry Minister Ahn Duk-geun is scheduled to hold talks with U.S. Trad

April 16, 2025

Hyundai Mobis to showcase new technologies at Chinese auto exhibition

SEOUL, April 16 (AJP) - Hyundai Mobis, a key affiliate of Hyundai Motor Group, said Wednesday that it will unveil a suite of technologies tailored for the Chinese market at next week’s Auto Shanghai 2025. The company plans to establish a 300-square-meter private booth at the National Exhibition and Convention Center in Shanghai, one of China’s premier automotive trade fairs. The event, opening April 23, is expected to draw major global automakers and suppliers eager to c

April 16, 2025

Another senior US official to skip Seoul on Asian tour

SEOUL, April 16 (AJP) - Another senior U.S. official will skip Seoul during his Asian tour, which begins this week. According to the U.S. Department of State on Wednesday, Sean O'Neill, senior bureau official for East Asian and Pacific Affairs, is embarking on a trip to Cambodia, Japan and Vietnam from Wednesday to next Friday, but Korea has been excluded. O'Neill will meet with Vietnamese government officials in Ho Chi Minh City to discuss the two countries' "sh

April 16, 2025

KOTRA hosts Korea-Japan partnership event in Tokyo

SEOUL, April 16 (AJP) - South Korea held the "2025 Korea-Japan Partnership Plus Week" event on Tuesday at the Prince Park Tower Hotel in Tokyo to commemorate six decades of diplomatic relations. The event, jointly organized by the Korea Trade-Investment Promotion Agency (KOTRA) and South Korea’s Ministry of Trade, Industry and Energy, brought together government officials, industry leaders and business executives for a day of high-level talks and investment pledges

April 16, 2025