Latest news
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Korean SMEs to showcase products at Atlanta business convention
SEOUL, February 06 (AJP) - The Korea Federation of Small and Medium Business (KBIZ) will sponsor 30 small and mid-sized enterprises to exhibit their products at the 23rd World Korean Business Convention, set to take place in Atlanta, Georgia, from April 17 to 20. The annual convention, which will be held at the Gas South Convention Center, serves as a global networking platform designed to connect Korean businesses with international buyers and expand their presence in overseas ma
February 6, 2025 -
South Korea aims to replicate success at Winter Asian Games in Harbin
SEOUL, February 6 (AJP) - The Winter Asian Games are set to kick off with an opening ceremony in Harbin, China on Friday. About 150 South Korean athletes along with 70 sports officials and staff already left the country on Tuesday. They will compete in six disciplines: biathlon, curling, ice hockey, ice skating (figure skating, short track and speed skating), skiing (alpine, cross-country, freestyle and snowboarding), and ski mountaineering. Originally slated for 2021, the Game
February 6, 2025 -
LG to develop AI-based protein structure prediction tool
SEOUL, February 06 (AJP) - LG AI Research signed a joint research agreement with Professor Baek Min-kyung of Seoul National University to develop next-generation protein structure prediction AI technology, the company said Thursday at LG Science Park in Seoul. The collaboration aims to tackle the challenge of predicting multi-state protein structures that exist in various states within the human body depending on environmental and chemical changes. Professor Baek previously worked
February 6, 2025 -
Samyang Foods posts record profit on global 'Buldak' sales
SEOUL, February 06 (AJP) - Samyang Foods reported a 133 percent surge in operating profit to 344.2 billion won ($258.2 million) for 2024, driven by strong overseas sales of its "Buldak" spicy instant noodles, the company said Thursday. Annual revenue rose 45 percent to 1.73 trillion won, while net profit increased 115 percent to 272.3 billion won. The company's operating profit exceeded 300 billion won for the first time, boosted by higher-margin overseas sales. T
February 6, 2025 -
PHOTOS: Graduates in South Korea embrace new beginnings
SEOUL, February 6 (AJP) - Graduates of all ages are bidding farewell to their schools in South Korea, experiencing a mix of nostalgia and excitement as they prepare for a new chapter.
February 6, 2025 -
South Koreans turn to global stocks as domestic markets stumble
SEOUL, February 6 (AJP) - South Korean individual investors shifted their focus from domestic to overseas stock markets in 2024, with foreign stock trading volume surging 39 percent while domestic trading plummeted 13 percent, according to data from nine major brokerages released Thursday. The exodus from domestic equities continued as trading volume on Korean exchanges dropped to 635.25 billion shares in 2024, down from 730.38 billion shares the previous year, the data showed. T
February 6, 2025 -
INTERVIEW: Turkish envoy highlights robust ties with Seoul, seeks further cooperation
SEOUL, February 6 (AJP) - Trade between South Korea and Türkiye remained robust, even at the height of the global disruptions and challenges caused by the coronavirus pandemic, reflecting their strong bilateral relations. Currently, trade volume between the two countries stands at approximately US$11 billion, with Türkiye exporting goods worth US$886 million to South Korea and importing $5.65 billion. "Unlike the global decline in trade volume, exchanges between th
February 6, 2025 -
Current account surplus soars to $99 billion in 2024
SEOUL, February 6 (AJP) - South Korea’s current account surplus surged to $12.37 billion in December last year, the highest monthly figure for the month on record, fueled by robust exports and rising dividends from overseas investments, the Bank of Korea said Thursday in a preliminary report. For the full year, the country’s current account surplus soared to $99.04 billion, more than tripling from $32.82 billion in 2023 and exceeding the central bank’s projection o
February 6, 2025 -
L&F considers US production of key battery material
SEOUL, February 06 (AJP) - South Korean manufacturer of battery materials, L&F, is exploring the direct production of lithium iron phosphate (LFP) cathode materials in the United States in the face of potential trade restrictions under the Donald Trump administration. L&F officials said the company is pursuing a dual approach to its LFP business, considering both domestic production in South Korea and establishing manufacturing in the U.S. The company plans to unveil detai
February 6, 2025 -
Korean firms join government in blocking access to DeepSeek
SEOUL, February 6 (AJP) - South Korean firms have banned the use of the Chinese artificial intelligence model DeepSeek, citing concerns over potential data breaches and security risks. Leading companies, including Samsung, SK Group, and LG Electronics, have reinforced cybersecurity measures by blocking access to external generative AI tools. Kakao and LG Uplus have prohibited employees from using DeepSeek for work-related tasks. The decisions follows a broader government direc
February 6, 2025
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Three K-pop acts included on this year's Global Artist Chart
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Samsung weighs fees for mobile payment service
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Korean government eyes railway underground project to revive construction sector
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Trump comments on North Korean soldiers in Russia, hints at possible deal to end war
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Actress Kim Sae-ron laid to rest
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PHOTOS: Wildlife at Gangneung's Namdaecheon Stream
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PHOTOS: Seoul store turns instant noodles into tourist attraction
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SK Telecom replaces ChatGPT with in-house AI for call summaries
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PHOTOS: 'A Room of Quiet Contemplation' at National Museum of Korea
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Trump reaffirms 25 percent tariffs; South Korea to support affected firms with trade finance package