Wemade rolls out 'Legend of YMIR' worldwide, blending epic battles with crypto rewards

SEOUL, October 28 (AJP) - South Korean game developer Wemade announced on Tuesday the global launch of its new multiplayer online role-playing game, Legend of YMIR. The game is now available in 170 countries, excluding South Korea and China. Set in a mythical world torn apart after the fall of the gods, Legend of YMIR follows warriors fighting to restore order amid chaos. Players can engage in large-scale server battles and experience a new “Partners Server” model, w

October 28, 2025

KOSPI and Nikkei standout winners as foreign funds pivot away from U.S. market

SEOUL, October 28 (AJP) - Seoul and Tokyo exchanges shed their longstanding labels of "Korea bargain" and "lost decades" this year, emerging as the world's two best-performing markets as global capital rotates out of an overheated U.S. equity space and into Asia's two technology powerhouses. According to Japan's Ministry of Finance, foreign investors bought ¥7.53 trillion ($49.9 billion) worth of Japanese equities in the week ending Oct.

October 28, 2025

DB Insurance to acquire Florida-based insurer Fortegra in $1.65 billion deal

SEOUL, October 28 (AJP) - DB Insurance said on Tuesday that it had agreed to acquire Fortegra Group, a Florida-based specialty insurer, for $1.65 billion, marking the first time a South Korean insurance company has purchased a U.S. insurer. The deal, valued at about 2.3 trillion won, represents the largest overseas acquisition by a South Korean insurer to date. The sellers are Tiptree Inc., Fortegra’s parent company, and the private equity firm Warburg Pincus. The transact

October 28, 2025

OPINION: What South Korea's MASGA initiative means for its alliance with US

SEOUL, October 28 (AJP) - South Korea's alliance with the U.S., has long been a cornerstone of security on the Korean Peninsula, combining Washington's extended deterrence with Seoul's defense capabilities to counter North Korea's nuclear threats. But a confluence of new and complex issues is challenging the resilience of the alliance amid a rapidly shifting landscape in Asia and the broader Indo-Pacific region, driven by intensifying rivalry and trade disputes b

October 28, 2025

Hyundai E&C completes major phase of Iraq's Basra refinery project

SEOUL, October 28 (AJP) - South Korea's Hyundai Engineering & Construction said on Tuesday that it has completed key construction work at the Basra refinery in southern Iraq and begun test operations. Awarded to Hyundai E&C in 2020, the 2 trillion won ($1.4 billion) project is expected to be fully completed early next year. Located about 450 kilometers southeast of Baghdad, the upgraded facility will produce 24,000 barrels of gasoline per day using residues from crud

October 28, 2025

South Korea opens direct air route to Indonesia's diving paradise Manado

SEOUL, October 28 (AJP) - Eastar Jet has become the first South Korean airline to launch direct flights between Incheon and Manado, Indonesia, which is famed for its crystal-clear waters, coral reefs, and rich biodiversity. The budget carrier began operating the new route on Oct. 26, with four weekly flights scheduled through mid-December. Starting Dec. 16, the service will increase to daily operations. Tickets and travel packages are now available through local travel agencies,

October 28, 2025

South Korea's CJ ENM eyes one-stop platform for K-pop fans worldwide

SEOUL, October 28 (AJP) - CJ ENM, one of South Korea’s largest entertainment companies, is betting that K-pop’s next wave of global expansion will happen not just on stage, but on screens. The company announced plans to turn its digital platform Mnet Plus into a global “fanteractive” hub — blending content, fandom, and commerce for the hyper-connected generations of Gen Z and Alpha. At a Culture TALK event in Seoul, Tuesday, CJ ENM said Mnet Plus

October 28, 2025

Weak EV sales push Samsung SDI deeper into the red

SEOUL, October 28 (AJP) - South Korea's Samsung SDI reported a fourth consecutive quarterly loss on Tuesday, as a downturn in electric vehicle demand and trade headwinds in the United States continued to weigh on the South Korean battery maker’s earnings. The company logged an operating loss of 591.3 billion won, or about $430 million, in the July–September period, pushing its cumulative deficit above 1 trillion won for the year. Revenue fell 22.5 percent from a

October 28, 2025

Hanwha Ocean stock cools after KRX flags overheating amid 11-fold jump in Q3 profit

SEOUL, October 28 (AJP) - Hanwha Ocean’s red-hot rally lost steam Tuesday after the Korea Exchange (KRX) warned of overheating in the shipbuilder’s stock, which has surged more than 20 percent this month on anticipation of blockbuster quarterly earnings. Shares of Hanwha Ocean fell about 5 percent to 132,300 won ($92.16) by midday after the KRX designated the stock as an “issue of investment caution,” citing excessive volatility in price and trading volume.

October 28, 2025

FM urges regional cooperation against online scams at forum in Malaysia

SEOUL, October 28 (AJP) - Foreign Minister Cho Hyun called for closer cooperation to tackle online scams and other crimes while discussing regional issues with participating countries at the annual East Asia Summit (EAS) in Kuala Lumpur, the Ministry of Foreign Affairs said on Tuesday. According to the ministry, Cho emphasized the need to "work closely with EAS member countries and the broader international community" to combat the growing threat of transnational cybercr

October 28, 2025