The Shilla Seoul picked Korea's top hotel in global La Liste ranking

SEOUL, July 15 (AJP) - The Shilla Seoul has been named Korea’s top hotel and ranked among the world’s 200 best in the 2025 edition of La Liste Top 1000 Hotels, an international ranking published by the French National Tourism Board. The annual list evaluates hotels around the globe based on aggregated scores from international guidebooks, professional media, industry journals, and online reviews. The Shilla Seoul stood out for its highly personalized service and cul

July 15, 2025

NewJeans' producer Min Hee-jin cleared of criminal charges, HYBE to appeal

SEOUL, July 15 (AJP) -South Korea's police have cleared former ADOR CEO Min Hee-jin of breach of trust allegations filed by HYBE, the parent company behind K-pop girl group NewJeans. The Yongsan Police Station said Tuesday that after more than a year of investigation, the case would not be forwarded to prosecutors. HYBE filed the complaint in April 2024, accusing Min of attempting to take control of ADOR by colluding with outside investors and bypassing the internal decision-m

July 15, 2025

Russian airliner to launch direct flights to Pyongyang

SEOUL, July 15 (AJP) - A direct flight linking Pyongyang and Moscow will be launched later this month, Russia's Transport Ministry said Monday. According to the ministry, Russian carrier Nordwind Airlines will offer the first-ever direct passenger flights to Pyongyang twice a week starting in late July, connecting the two countries' capitals. The non-stop route, which takes about eight hours, was approved last week by Russia's aviation authorities following a request

July 15, 2025

Saltlux launches AI center to guide corporate adoption

SEOUL, July 15 (AJP) - South Korean artificial intelligence firm Saltlux on Tuesday announced the launch of its AI Work Innovation Center aimed at helping businesses integrate generative AI and AI agents into their operations from concept to deployment. The center is intended to support companies grappling with the challenges of AI adoption by offering a structured, end-to-end consulting and implementation service. Its offerings span strategy development, technology assessment, pr

July 15, 2025

Korea's budget airlines see passenger decline despite peak travel season

SEOUL, July 15 (AJP) - South Korea’s low-cost carriers reported disappointing results for the second quarter of 2025, as passenger numbers dipped below last year’s levels despite the start of the summer travel season. Total traffic on budget airlines fell 2.8 percent year-on-year to 17.46 million domestic and international passengers, according to data released by the Ministry of Land, Infrastructure and Transport. The decline comes amid ongoing fare suppression, pe

July 15, 2025

Biopharmaceuticals account for growing share of new drug launches

SEOUL, July 15 (AJP) - Biopharmaceuticals made up 42 percent of new drug launches worldwide between 2020 and 2024, reflecting their growing influence in the pharmaceutical landscape, according to new data released Tuesday by market research firm IQVIA. The share of biological medicines among newly approved active substances has steadily increased over the past two decades — from 28 percent between 2005 and 2009, to 30 percent in the following five years, and to 39 percent be

July 15, 2025

Busan poised to host UNESCO's annual gathering next year

SEOUL, July 15 (AJP) - South Korea is expected to host the upcoming session of UNESCO's World Heritage Committee in the southern port city of Busan in July next year. The decision is set to be made at the committee's latest session, currently underway in Paris this week, with South Korea as the sole candidate. With no other countries in the bid, the country appears almost certain to host the event. Once Busan is selected as the venue for the international gathering, which

July 15, 2025

SHINee's Onew to release second full-length album "PERCENT"

SEOUL, July 15 (AJP) - K-pop group SHINee member Onew will return to the music scene with the release of his second full-length album, "PERCENT," dropping Tuesday at 6:00 p.m. (0900 GMT). The album arrives five months after his January mini-album "CONNECTION." According to his agency, SM Entertainment, the title track "ANIMALS" captures the moment when instinct takes control. The song features a refined bass line, acoustic guitar, synths, and sound ef

July 15, 2025

Industry minister nominee backs US-style tax credits for chips, batteries

SEOUL, July 15 (AJP) - South Korea’s nominee for industry minister, Kim Jung-gwan, is pushing for the introduction of production tax credits for semiconductors and battery materials, according to parliamentary documents released Tuesday ahead of his confirmation hearing. Kim, a former senior economic official and most recently an executive at power equipment firm Doosan Enerbility, said the government must adopt “strategic and proactive industrial policies with competi

July 15, 2025

POSCO to supply advanced steel for Saudi Aramco's gas plant

SEOUL, July 15 (AJP) - South Korea’s largest steelmaker POSCO will supply hydrogen-induced cracking (HIC) resistant steel to Saudi Aramco for its Fadhili gas plant expansion project. The agreement is a strategic win for POSCO and a notable shift in procurement norms for Aramco, the world’s largest oil producer, which has traditionally sourced such critical materials from European manufacturers. The Fadhili expansion, designed to increase the plant’s gas proces

July 15, 2025