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Shipbuilders lift South Korean stocks as Asian markets trade mixed
SEOUL, January 08 (AJP) - Asian equities were mixed on Thursday, while South Korean stocks ended marginally higher as a sharp rally in shipbuilding shares offset weakness in technology-heavy stocks. In Seoul, the benchmark KOSPI edged up 0.03 percent to close at 4,552.37, finishing largely flat as gains among shipbuilders countered declines elsewhere. Buying in the sector was driven by rising expectations of large shipbuilding and offshore project orders linked to Canada. The t
January 8, 2026
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Naver's sovereign AI plan questioned over use of China's open-source technology
SEOUL, Jan. 8 (AJP) - Naver’s push to develop a so-called “sovereign AI” model has come under scrutiny after disclosures that its government-backed foundation model incorporated components from Alibaba’s open-source Qwen system, raising questions about South Korea’s technological independence and its ambition to build advanced artificial intelligence from scratch. Industry sources said on Thursday that Naver Cloud’s HyperCLOVA X Seed 32B Sync mo
January 8, 2026
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Stray Kids to perform at star-studded charity concert in France later this month
SEOUL, January 8 (AJP) - K-pop boy band Stray Kids will attend at a charity concert in France later this month. The eight-member band will perform along with global stars such as American singer-songwriter and actress Christina Aguilera, American rapper A$AP Rocky, and South Korean rapper G-Dragon at Le Gala des Pièces Jaunes, also known as the Yellow Coins Gala, slated to be held at a multipurpose indoor arena in Nanterre, a western suburb of Paris on Jan. 22. Organ
January 8, 2026
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Samsung regains top spot in global DRAM, NAND markets
SEOUL, January 08 (AJP) - Samsung Electronics has regained the top global position in both DRAM and NAND flash memory following stronger-than-expected preliminary fourth-quarter results, according to data from industry researcher Counterpoint Research, released on Thursday. The research firm estimated that Samsung’s memory semiconductor revenue rose 34 percent from the previous quarter to $25.9 billion in the fourth quarter. DRAM accounted for $19.2 billion of the total, w
January 8, 2026
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[CES 2026] Seoul startups vie for attention at CES, powered by student talent
LAS VEGAS, January 08 (AJP) - CES 2026 is not just a stage for global tech giants. For many startups, it serves as a debut platform or a critical stepping stone — and at the Seoul Pavilion this year, university students have emerged as unlikely stars. At the Seoul Pavilion at CES 2026, hosting 69 startups, student talent has become a defining feature. The pavilion is operated by the Seoul Business Agency (SBA), which set up a 743-square-meter space inside Eureka Park, CES'
January 8, 2026
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Lee's approval rating inches up to 61%
SEOUL, January 8 (AJP) - President Lee Jae Myung's approval rating has inched up to 61 percent, up 2 percentage points from two weeks ago, a fresh poll showed on Thursday. Some 29 percent of respondents disapproved of Lee's performance, down 3 percentage points. But Lee gained support across the country overall except in the traditional conservative stronghold of Daegu and North Gyeongsang Province, where his approval rating stood at 49 percent. This was attributed t
January 8, 2026
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Hanwha chairman visits Jeju space center, underscores private space ambitions
SEOUL, January 08 (AJP) - Hanwha Group Chairman Kim Seung-youn visited the firm's Jeju Space Center on Thursday, underscoring the conglomerate’s push to build a private-sector space industry ecosystem. The Jeju center, located in Seogwipo on Jeju Island, is a key base for the group's space business. Kim toured satellite production and testing facilities and received briefings on this year’s business plan and Hanwha’s broader space operations. “
January 8, 2026
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North Korea keeps mum on leader's birthday
SEOUL, January 8 (AJP) - North Korea's state media made no mention of leader Kim Jong-un's birthday, believed to fall on Thursday. The Ministry of Foreign Affairs here said there has been "no coverage at all by the country's state-run news agencies, and no related activity has been identified." Instead, North Korean media have focused on preparations for the Workers' Party's upcoming key congress, expected to take place early this year, with the of
January 8, 2026
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Shinsegae Casa completes acquisition of Jaju, targets 500 bln won in revenue this year
SEOUL, January 08 (AJP) - Shinsegae Casa said on Wednesday it has completed the acquisition of the operating business of lifestyle brand Jaju, finalizing the transaction on Dec. 31 as it moves to broaden its portfolio beyond furniture. The company said the deal will help expand its business scope from home interiors to everyday lifestyle categories such as household goods and fashion, reducing earnings volatility tied to housing cycles and construction market conditions. Shinse
January 8, 2026
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PHOTOS:Evergreen in Seoul, even in icy winter
SEOUL, January 8 (AJP) - While Arctic-level cold grips Seoul, the greenhouse at Seoul Botanic Park in Magok remains lush, green and humidly warm. Beneath the glass dome, temperatures stay steady, and dense foliage retains its vivid color, offering a striking contrast to the wintry landscape outside. Located in Gangseo-gu, Seoul Botanic Park stands next to Magoknaru Station, where Subway Line 9 and the Airport Railroad intersect. The surrounding Magok dis
January 8, 2026