Soaring fuel surcharges push up overseas travel costs amid Iran war SEOUL, May 02 (AJP) - International airfare costs are set to rise sharply this month as higher oil prices driven by the U.S.-Iran war push fuel surcharges to a record level, adding pressure on travelers and forcing airlines to cut more flights. Tickets issued from May 1 are subject to the highest fuel surcharge level of 33, which applies when jet fuel prices exceed 470 cents per gallon, according to the airline industry. The benchmark Singapore jet fuel price, known as MOPS, reac May 2, 2026

Trump's Germany troop cut, EU tariff hike fuel concerns in Seoul SEOUL, May 02 (AJP) - U.S. President Donald Trump’s decision to withdraw thousands of troops from Germany and raise tariffs on EU vehicles starting next week is raising concerns in Seoul over whether Washington could use similar pressure against South Korea. The moves come amid growing tensions between the U.S. and its allies over their response to the Iran war. The Pentagon said Friday that Defense Secretary Pete Hegseth had ordered the withdrawal of about 5,000 U.S. troops f May 2, 2026

Krafton's Unknown Worlds sets May 15 early access launch for Subnautica 2 SEOUL, May 01 (AJP) - Unknown Worlds Entertainment, the creative studio under South Korean gaming giant Krafton, confirmed that its underwater survival sequel Subnautica 2 will enter early access on May 15 for PC and Xbox Series X|S, priced at $30. The title has held the top spot on Steam's global wishlist ranking for about nine consecutive months since September 2025, amassing an estimated 3.8 million wishlists and cementing its status as one of the most anticipated games of 20 May 1, 2026

Asian Culture Calendar SEOUL, April 30 (AJP) - South Korea Apr. 8 - May 27 Gyeongbokgung Saenggwabang Apr. 16 - May 31 Moonlight Tour at Changdeokgung Palace May. 2 - 3 Ajou Motor College Festival May. 4 - 5 Seoul Circus Festival May. 5 - 10 Hangang River Festival May. 13 - 24 Suragan Sisik Gonggam May. 16 - 17 Yeon Deung Hoe May. 22 - 25 Hwaseong Boating Festival Japan May. 1 - 6 Harapeko Circus Osaka May. 2 - 3 Nyanko Expo May. 2 - 5 Saku Hot-Air Balloon Festival May. 3 - 4 H May 1, 2026

South Korea's exports top $80 billion for second straight month SEOUL, May 01 (AJP) - South Korea's exports surged 48 percent year-on-year in April to $85.89 billion, breaching the $80 billion threshold for a second consecutive month as a semiconductor supercycle powered by global artificial intelligence investment continued to underpin the trade-dependent economy. The Ministry of Trade, Industry and Energy reported Friday that the April figure trailed only the all-time high of $86.6 billion set in March, making it the second-largest monthly May 1, 2026

Lee calls for end to 'pro-labor vs. pro-business' divide SEOUL, May 01 (AJP) - South Korean President Lee Jae Myung called for an end to the long-standing dichotomy that pits workers against employers, vowing to deliver "real growth" through cooperation between labor and management. Speaking at a Labor Day ceremony at the Blue House on Friday — the first such event ever held at the former presidential compound — Lee said the country could only move forward by abandoning the "outdated binary" of pro-labor ve May 1, 2026

Apple's incoming CEO signals new products as quarterly revenue hits record SEOUL, May 01 (AJP) - Apple's incoming chief executive John Ternus voiced strong confidence in the company's product pipeline, hinting at new categories on the horizon as the iPhone maker posted record fiscal second-quarter revenue. Speaking on a conference call on Thursday (local time) after Apple reported results for the January-March quarter, Ternus, who takes the helm in September from Tim Cook, said the company had "an incredible roadmap" ahead and was prepari May 1, 2026

UPDATE: Samsung Biologics union demands immediate talks as first-ever strike begins SEOUL, May 1 (AJP) - Samsung Biologics, the world's largest contract drug manufacturer by volume, was rocked on Friday by the first full-scale walkout in its 15-year history, with the union demanding management return to the bargaining table at once and the company warning of losses of up to 640 billion won ($434 million). The Samsung Biologics chapter of the Samsung Group labor union launched the strike on Friday, Labor Day, after 13 rounds of wage talks since December collap May 1, 2026

As romance revives from recession in Korea, dating mimics reality TV SEOUL, April 30 (AJP) - For Jason Park, a corporate analyst in his mid-30s, the math of modern romance simply wasn’t adding up. Buried in work under lingering post-pandemic social atrophy, the prospect of a chance encounter felt less like a possibility and more like a statistical anomaly. "If I hadn't been there that day two years ago, I would still be wrapped up in work," Park says, glancing shyly at his girlfriend, Choi, a freelance announcer in her 30s. May 1, 2026

Asian stocks fall across the board as oil prices surge SEOUL, April 30 (AJP) - South Korea's benchmark KOSPI fell 1.38 percent to close at 6,598.87 on Thursday as rising oil prices dragged Asian markets lower. Brent crude futures jumped more than 5 percent in Asian trading, pushing regional stocks down over 1 percent. The junior KOSDAQ also dropped, closing at 1,192.35, down 2.29 percent. The main index rose to as high as 6,750.27 during the intraday session, setting a new intraday record. However, it later fluctuated and decline April 30, 2026