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  South Korea secures 6 million barrels of crude oil from UAE to curb soaring fuel prices SEOUL, March 6 (AJP) - South Korea has secured over 6 million barrels of crude oil from the United Arab Emirates (UAE), Cheong Wa Dae said on Friday. "We have consulted with the UAE to secure crude oil, and the good news is that we were able to secure more than 6 million barrels," presidential chief of staff Kang Hoon-sik said during a press briefing on Friday, adding that it will help stabilize oil prices. Fuel prices in South Korea have been rapidly rising amid th March 6, 2026
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  Day 7 Middle East War: Why shockwaves hit Seoul markets hardest  As the war triggered by U.S.–Israeli strikes on Iran enters its first week, AJP examines how the conflict began and evolved, the emerging power vacuum in Tehran and its implications for Iran and the Gulf states, and the broader impact on global energy routes, financial markets and the international order. SEOUL, March 06 (AJP) - South Korea’s stock market entered 2026 in a euphoric rally. The benchmark KOSPI surged nearly 50 percent in the first two months o March 6, 2026
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  Day 7 Middle East War: Hormuz chokepoint jolts Korean macroeconomy SEOUL, Mar 06 (AJP) - The war in the Middle East is reverberating far beyond the battlefield. For South Korea — one of the world’s most energy-dependent industrial economies — the shock is moving rapidly through the core channels of the macroeconomy: the currency, bond yields, financial markets and ultimately consumer prices. The immediate trigger is the Strait of Hormuz, the narrow maritime corridor off Iran’s coast through which a large share of the world March 6, 2026
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  Speculation grows as US military assets gather at Osan Air Base SEOUL, March 6 (AJP) - Patriot missile batteries and heavy transport aircraft have been quietly amassing at a U.S. military base in Pyeongtaek, Gyeonggi Province, in what appears to be a consolidation of U.S. air defense assets. According to multiple government sources, Patriot missiles and large U.S. military transport aircraft including C-5s and C-17s have recently been spotted at U.S. Forces Korea (USFK)'s Osan Air Base. Some of the Patriot missiles were reportedly transferre March 6, 2026
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   Sookmyung Women's University researchers identify protein key to maintaining healthy muscle SEOUL, March 06 (AJP) - Professor Yang Young and Dr. Han So-ra from the Department of Biological Sciences and the Research Institute of Women's Health at Sookmyung Women's University have identified that CTRP1, a myokine produced in muscles, plays a critical role in maintaining healthy skeletal muscle. The research team found that CTRP1 regulates mitochondrial homeostasis in immature muscle cells to support normal muscle differentiation. This process induces the formation March 6, 2026
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  South Koreans return home from Middle East SEOUL, March 06 (AJP) - Korean travelers who departed for the Middle East are returning home one by one as many air routes have been disrupted in the aftermath of Middle East tensions. Additionally, the Dubai-Incheon route, which had been suspended due to the aftermath of Iran's airstrikes, resumed on March 6. The flight took off three hours and ten minutes later than scheduled due to local airport conditions. Korean Air has suspended flights to the Middle East March 6, 2026
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  Winter Paralympics: Intense Strategy in Wheelchair Curling Mixed Doubles SEOUL, March 06 (AJP) - South Korea’s wheelchair curling mixed doubles team of Lee Yong-seok and Baek Hye-jin defeated Britain and Japan in succession to improve to 2–1 in the preliminary round at the 2026 Milan–Cortina Winter Paralympics. After narrowly losing to host Italy in their opening match, Lee and Baek bounced back with a 14–3 victory over Britain in the morning session before overpowering Japan later in the day. Eight teams are competing in t March 6, 2026
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  Day 7 Middle East War: Tehran power vacuum rattles Gulf order As the war triggered by U.S.–Israeli strikes on Iran enters its first week, AJP examines how the conflict began and evolved, the emerging power vacuum in Tehran and its implications for Iran and the Gulf states, and the broader impact on global energy routes, financial markets and the international order. SEOUL, March 06 (AJP) - Exactly who is in control in Tehran remains unclear after Supreme Leader Ayatollah Ali Khamenei was killed during the opening hours of the U March 6, 2026
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  Day 7 Middle East War: How Operation Epic Fury was born in the AI age As the war triggered by U.S.–Israeli strikes on Iran enters its first week, AJP examines how the conflict began and evolved, the emerging power vacuum in Tehran and its implications for Iran and the Gulf states, and the broader impact on global energy routes, financial markets and the international order. SEOUL, March 06 (AJP) — Residents of Tehran did not immediately grasp what had happened. Shortly before 10 a.m. local time on Feb. 28, explosions ripped across t March 6, 2026
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  Hyundai, Kia face challenges amid EU's push for local EV production SEOUL, March 6 (AJP) - Auto industry workers are closely monitoring developments as the European Union unveiled its Industrial Accelerator Act (IAA) earlier this week, a proposal aimed at boosting local manufacturing by imposing stricter requirements on global automakers. In a press release out on Wednesday, the European Commission said it has "adopted a legislative proposal to increase demand for low-carbon, European-made technologies and products," adding that IAA will March 6, 2026