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  Kim Jong-un inspects missile tests from new destroyer SEOUL, March 5 (AJP) - North Korean leader Kim Jong-un has visited a shipyard in Nampo for a new destroyer and oversaw the test-firing of strategic cruise missiles from the vessel, state media reported on Thursday. According to the state-run Korean Central News Agency, Kim, accompanied by key military and party officials, conducted a two-day inspection of the 5,000-ton Choe Hyun on Tuesday and Wednesday to "observe its crew members' combat and political training and March 5, 2026
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  Korea's FX reserves rise in Feb on debt issue amid war-time volatility SEOUL, Mar 05 (AJP) - South Korea’s foreign exchange reserves increased for the first time in three months in February, helped by a $3 billion overseas debt issuance aimed at bolstering ammunition to stabilize the Korean won against major currencies. However, questions remain over how long the increase can be sustained, with the local currency hovering near crisis-era levels in the war aftermath. Foreign reserves rose $1.72 billion from the previous month to $427.67 billion March 5, 2026
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  AI meets Realpolitik: How the U.S.–Anthropic rift turned a drone strike into a tech crisis SEOUL, March 05 (AJP) - In the latest contradiction from Washington, President Donald Trump last Friday ordered federal agencies to “immediately” stop using what he called the “radical-left” artificial intelligence systems developed by Anthropic, while the U.S. defense secretary labeled the company a risk to “national security.” Only hours later, the president authorized Operation Epic Fury. Within days, the very system Washington had just deno March 5, 2026
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  Seoul may send charter or military planes to bring home Koreans from Middle East SEOUL, March 05 (AJP) -Seoul is mulling to send chartered planes and military transport aircraft to bring home South Korean nationals stranded across the Middle East as commercial flights remain disrupted by the escalating conflict between the United States and Iran, government officials said Wednesday. Second Vice Foreign Minister Kim Jina said the government is reviewing multiple options, including dispatching aircraft and additional rapid-response teams, to assist citizens att March 5, 2026
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  AW 2026 opens as showcase of AI-native manufacturing innovation SEOUL, March 04 (AJP) - The present and future of manufacturing innovation led by autonomous manufacturing and physical AI gathered in one place. AW 2026 (Smart Factory & Automation World) opened at COEX in Samseong-dong, Seoul, on March 4, presenting the largest-ever exhibition with 453 companies from 24 countries and 2,300 booths. From humanoid robots and smart logistics to AI factory special pavilions, the event showcasing a convergence of intelligent automation technologie March 4, 2026
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  Asian markets in second rout while Seoul bourses suffer worst collapse SEOUL, March 04 (AJP) - The spiraling war in the Middle East sent shockwaves across Asian markets Wednesday, triggering a historic collapse on the Seoul bourse. Global energy markets remained volatile as tensions centered on the Strait of Hormuz — a critical artery for global oil shipments — fueled fears of supply disruptions and renewed inflation pressure. The narrow waterway carries roughly one-fifth of the world’s seaborne crude and serves as a key route for ene March 4, 2026
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  Cheongung-II's maker survives worst-ever rout in Seoul as it debuts on Iranian borders SEOUL, March 04 (AJP) - The bombshell from the 2026 Middle East conflict has flown to Seoul and crashed the party in a big way — sending the benchmark KOSPI plunging a record 12 percent and the KOSDAQ 14 percent. One stock, however, defied the sweeping rout: LIG Nex1, the maker of the Cheongung-II. The sudden spotlight came after the missile defense system reportedly saw its first real combat use intercepting Iranian missiles over the Gulf, a development that instantly thru March 4, 2026
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  Rival parties agree to pass bill this week to clear way for US investment under trade deal SEOUL, March 4 (AJP) - A bill outlining South Korea's massive investment pledges to the U.S., a follow-up measure to a tariff-related deal between the two countries is expected to pass at the National Assembly later this week. Lawmakers from the ruling Democratic Party (DP) and the main opposition People Power Party (PPP) met on Wednesday to discuss the bill and agreed to put it to a vote at a parliamentary session on Thursday. "If all goes as planned, we expect the bill March 4, 2026
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  Korean appliance makers price in potential Middle East setback SEOUL, March 04 (AJP) - South Korean home appliance makers are bracing for potential disruption from the widening conflict in the Middle East and the choking-off of the critical shipping corridor, the Strait of Hormuz — just as the region had begun to emerge as a fresh growth market for Korean brands. The escalation has raised concerns among producers that renewed interest in Korean consumer brands across the region — fueled partly by the broader K-wave — could March 4, 2026
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  Hyundai, Kia post all-time sales record in US SEOUL, March 4 (AJP) - Hyundai Motor and its affiliate Kia set an all-time sales record in the U.S. last month thanks to strong demand for midsize-to-large SUVs and hybrid models. Their combined sales stood at 137,412 vehicles in February - 71,407 units for Hyundai and 66,005 for Kia - up about 5.7 percent and 4.3 percent, respectively, from a year earlier. Hyundai posted its best-ever sales for the month, extending a streak of monthly records for the third straight month since l March 4, 2026