Budget carrier Jin Air reaches milestone of 100 million passengers

SEOUL, November 11 (AJP) - Jin Air has carried over 100 million passengers as of early November, the budget carrier said on Tuesday. The milestone comes roughly 17 years and four months after the airline launched its no-frills service with its first route between Gimpo and Jeju in July 2008. The accumulated number of passengers had reached approximately 99.94 million by the end of October, surpassing 100 million in early November, with 56.1 million traveling on domestic flights

November 11, 2025

Korean and Japanese businesses to hold forum on bilateral FTA and economic bloc

SEOUL, November 11 (AJP) - South Korean and Japanese business leaders, academics and media professionals will gather next week in Seoul to discuss how Asia’s second- and fourth-largest economies can align to build a tech-driven economic bloc and better navigate global uncertainties. The Korea-Japan Business Forum, co-hosted by Aju Media Group (AJP, ABC, Aju Business Daily) and Japan’s NNA, will take place on Nov. 19 at the Seoul Foreign Correspondents’ Club. P

November 11, 2025

South Korea's largest hydrogen center begins operation

SEOUL, November 11 (AJP) - A joint venture between Lotte Chemical and Air Liquide has opened South Korea’s largest high-pressure hydrogen shipping center. The facility, located in the Daesan Petrochemical Complex in South Chungcheong Province and operated by Lotte-Air Liquide Ener’Hy, a joint venture established in 2022, will supply high-pressure hydrogen across South Korea’s central region, including Seoul. It is expected to play a key role in fueling hydr

November 11, 2025

KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing

SEOUL, November 11 (AJP) - Korean and Japanese equities extended their coupled strength on Tuesday, lifted by easing concerns over the U.S. government shutdown and renewed confidence that recent warnings over an AI bubble may have been overstated. South Korea’s benchmark KOSPI climbed as much as 2.6 percent to 4,179.51 in early trading, while the tech-heavy KOSDAQ rose 1 percent to 897.31. Large-cap shares led the advance: Samsung Electronics gained 3.8 percent to 104,400 won

November 11, 2025

Hyundai Motor to supply electric buses to Indonesia's Bali

SEOUL, November 11 (AJP) - Hyundai Motor said on Tuesday that it had been selected as the final contractor to supply electric buses to Bali, Indonesia. The South Korean automaker won the contract through an international bidding process organized by the Global Green Growth Institute, or GGGI, an environmental organization backed by the South Korean government. The project is part of Indonesia’s broader push to promote sustainable mobility and reduce carbon emissions in tou

November 11, 2025

TV personality Park Kyung-lim donates 200 million won to support children in need

SEOUL, November 11 (AJP) - Versatile TV personality Park Kyung-lim has donated 200 million Korean won (or about US$136,000) to support children from underprivileged families, a charity agency run by the Seoul Metropolitan Government said on Tuesday. The donation came just a few months after she invited around 1,000 children and young people to her musical "Again Dream High," supporting them in pursuing their dreams and fostering their career development. At that tim

November 11, 2025

OPINION: Debates over raising retirement age emerge as South Korea becomes super-aged society

SEOUL, November 11 (AJP) - With South Korea now officially a "super-aged society," concerns are mounting over how to secure stable income for its rapidly growing elderly population. This has reignited discussions about further raising the retirement age, a decade after it was last set at 60 in 2013. Proposals to raise the retirement age to 65 have sparked mixed reactions, exposing generational and social divides over how and when such changes should take effect. The ruling Democrati

November 11, 2025

CJ CheilJedang's 3Q dips nearly 27% on cost spike related to raw materials and FX

SEOUL, November 11 (AJP) - South Korea's food giant CJ CheilJedang on Tuesday reported double-digit fall in its third-quarter earnings as the global popularity of K-food was outweighed by money-losing bio and feed operations. According to its disclosure, its operating profit plunged 25.6 percent on year to 203 billion won on revenue of 4.5 trillion won ($3.08 billion) for the quarter ended September. Including CJ Logistics, consolidated revenue inched up 0.3 percent on year

November 11, 2025

Celltrion completes regulatory approvals for acquisition of Eli Lilly plant in US

SEOUL, November 11 (AJP) - South Korean biopharmaceutical company Celltrion said on Tuesday that it had finalized the acquisition of Eli Lilly’s production facility in Branchburg, New Jersey. The deal, which recently cleared all regulatory hurdles in the United States and Ireland, positions Celltrion to expand its presence in the world’s largest pharmaceutical market. The company said it expects to close the transaction by the end of the year. Regulatory approval

November 11, 2025

OPINION: Behind EV boom lies growing pile of battery waste

The global shift to electric vehicles has hit a temporary slowdown. Sales have cooled, incentives are waning, and skeptics are asking whether the EV boom has peaked. Yet the slowdown is likely to last only a few years. The market will recover as costs fall and technology improves. What deserves far more attention, however, is what happens after the battery runs out. Batteries make up roughly 40 percent of an electric vehicle’s cost. They are the beating heart of the EV

November 11, 2025