South Korea, U.S. reaffirm support for nuclear submarine plan

SEOUL, November 04 (AJP) - Defense Minister Ahn Kyu-baek and U.S. Defense Secretary Pete Hegseth reaffirmed plans to move ahead with South Korea's nuclear-powered submarine program and other key alliance issues during the 57th Security Consultative Meeting held Tuesday at the Ministry of National Defense in Yongsan. The two discussed follow-up measures from last month's summit between President Lee Jae Myung and U.S. President Donald Trump in Gyeongju, where Trump approved

November 4, 2025

Unification Ministry undergoes organizational revamp to restore inter-Korean relations

SEOUL, November 4 (AJP) - In its latest organizational overhaul, the Ministry of Unification revived its office handling inter-Korean dialogue while abolishing the one responsible for addressing North Korea's human rights violations and related issues. The ministry said on Tuesday the newly streamlined structure for its affiliated agencies took effect at midnight, after going through relevant legislative procedures. The office, abolished two years ago under disgraced former P

November 4, 2025

Four out of ten Korean tech workers eye work abroad as firms vie to keep them home

SEOUL, November 04 (AJP) - Four out of ten South Koreans employed in science and engineering say they want to work abroad in pursuit of higher compensation and better social recognition, underscoring the talent pressures Korean companies face as global competition intensifies in AI and IT. A recent Bank of Korea study found that 42.9 percent of salaried STEM-degree holders are considering relocating overseas within the next three years, and the share rises to about 70 percent amo

November 4, 2025

INTERVIEW: UAE, Korea deepening hydrogen and CCS partnership as they look beyond nuclear

SEOUL, November 04 (AJP) - The governments of the United Arab Emirates and South Korea are engaged in "high-level discussions" on joint hydrogen production and hydrogen logistics for future transportation and supply, according to a senior UAE energy official. His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure (MoEI), said hydrogen will play a central role in both countries' lon

November 4, 2025

Asian markets retreat as regional winners KOSPI and Nikkei give way to profit-taking

SEOUL, November 04 (AJP) - Asian stocks fell across the board Tuesday as profit-taking swept through the region, with South Korea’s KOSPI posting the steepest loss among major Asian benchmarks and Japan’s Nikkei 225 also tumbling sharply. South Korea’s KOSPI slid 2.37 percent to close at 4,121.74, wiping out the previous day’s gains. Foreign investors dumped 2.2 trillion won ($1.5 billion) worth of shares, joined by institutional investors who offloaded 498

November 4, 2025

Game developer Krafton posts robust revenue in Q3

SEOUL, November 4 (AJP) - Game developer Krafton has posted a hefty 870.6 billion Korean won (US$605 million) in its third-quarter revenues, up 21 percent from a year earlier, driven by robust growth in its PC and mobile gaming operations. According to a regulatory filing released on Tuesday, the maker of "PUBG: Battlegrounds" saw its quarterly operating profit rise 7.5 percent year-on-year to 348.6 billion won. The strong quarterly performance pushed nine-month cumulat

November 4, 2025

Korean streamer TVING to launch K-content hub on Disney+ in Japan

SEOUL, November 04 (AJP) - South Korean streaming platform, TVING, said Tuesday it has formed a partnership with Disney+ to enter the Japanese market. TVING said it will launch the “TVING Collection on Disney+” in Japan, offering a curated lineup of original Korean series, including Transit Love, Pyramid Game, and Yumi’s Cells, along with other popular titles from CJ ENM, its parent company. Japan is one of the world’s largest and most competitive stre

November 4, 2025

Prosecutors raid Korea Zinc, brokerages in expanding stock issuance probe

SEOUL, November 04 (AJP) - South Korean prosecutors carried out additional raids on Korea Zinc and securities firms involved in the company’s stock issuance plan, widening an investigation into alleged violations of capital market laws. A joint investigation team of the Seoul Southern District Prosecutors’ Office, led by Chief Prosecutor Kim Jin-ho, searched Korea Zinc’s headquarters and other locations on Tuesday, seizing computers and internal records. Inv

November 4, 2025

Former President Moon Jae-in to promote his bookstore on YouTube

SEOUL, November 4 (AJP) - Former President Moon Jae-in is planning to appear on a YouTube channel to promote his bookstore, a former close aide revealed in a radio program on Tuesday. Tak Hyun-min, Moon's former protocol secretary and now a professor at Mokpo National University, said that Moon is preparing to share his thoughts and connect with followers on the channel, where he will appear regularly along with Tak to introduce a couple of books each week. Episodes on the

November 4, 2025

POST-APEC: Korea gains major traction in AI push with Nvidia backing

SEOUL, November 04 (AJP) - South Korea — once considered a latecomer in the race to artificial intelligence — has rapidly gained global momentum by leading regional governance discussions and securing tens of billions of dollars in investment tied to next-generation chips, hyperscale data centers, and physical AI infrastructure. Its hosting of the APEC Summit and CEO meetings served as a global stage, pulling in top players such as OpenAI, Nvidia, Samsung Electronics, an

November 4, 2025