KOSPI, Nikkei take breather, China-related markets gain ahead of Trump–Xi summit

SEOUL, October 28 (AJP) - Seoul and Tokyo shares slipped Tuesday morning as investors locked in profits following a sharp rally, while China-related markets firmed on expectations of progress in upcoming U.S.–China summit talks. The benchmark KOSPI fell 1 percent, slipping back below the 4,000 threshold just a day after breaching it for the first time, as traders took profits from a near two-week rally. The stronger-than-expected third-quarter GDP report failed to lift sentime

October 28, 2025

Czech National Day reception marks 35 years of ties with South Korea

SEOUL, October 28 (AJP) - A reception celebrating the Independent Czechoslovak State Day was held Monday evening at a hotel in central Seoul, drawing some 250 guests from the diplomatic, business, academic, and media communities. Hosted by H.E. Ivan Jančárek, Ambassador of the Czech Republic to South Korea, and Mrs. Andrea Jančárková, the event marked the 35th anniversary of diplomatic relations and the 10th anniversary of the strategic partnership between the

October 28, 2025

PHOTOS: Divers capture underwater beauty of Jeju in photo contest

SEOUL, October 28 (AJP) - The Jeju Underwater Photography Championship, a four-day contest held in the waters off Jeju Island, recently concluded its fifth annual event from October 16 to 19. The competition is widely regarded as South Korea's largest and most authoritative underwater photography event. Approximately 150 scuba divers and underwater photography enthusiasts participated, showcasing their skills beneath the surface. A panel of esteemed photography experts judged

October 28, 2025

Countdown begins as global leaders set to converge in Gyeongju for APEC summit

SEOUL, October 28 (AJP) - The countdown to the Asia-Pacific Economic Cooperation (APEC) summit has begun, with leaders from 21 member economies set to converge in South Korea's historic city of Gyeongju this week. According to diplomatic sources, participants from Australia, Canada, Indonesia, Japan, and the U.S. will gather ahead of the summit's opening on Friday. Among them were U.S. President Donald Trump, making his first visit since beginning his second, non-consec

October 28, 2025

South Korean barbecue chain Myeongryun Jinsagalbi expands across Southeast Asia

SEOUL, October 28 (AJP) - South Korea’s leading charcoal-grilled rib franchise, Myeongryun Jinsagalbi, said Tuesday it has established a local subsidiary in the Philippines, betting on Southeast Asia to turn “K-barbecue” into a global brand. Through a master franchise agreement, it opened eight restaurants there as of October 2025, including one directly operated outlet. The move reflects a deeper commitment to managing brand quality and adapting to local taste

October 28, 2025

BMW vehicles to adopt Kakao unit's voice AI system

SEOUL, October 28 (AJP) - Kakao’s artificial intelligence model, Kanana, is set to make its global debut through a partnership with BMW. DK Techin, Kakao’s IT service subsidiary, said Tuesday that it had signed an agreement with BMW Group to develop a Korean-language voice AI system for the German automaker’s vehicles. The signing took place at DK Techin’s headquarters in Seongnam, south of Seoul. Under the partnership, BMW’s upcoming models will

October 28, 2025

Putin meets North Korean foreign minister, hails progress in ties

SEOUL, October 28 (AJP) - Russian President Vladimir Putin affirmed that relations with Pyongyang are moving forward as planned during a meeting in Moscow with North Korean Foreign Minister Choe Son-hui, the Kremlin said Monday. Conveying his warm regards to North Korean leader Kim Jong-un, he said, "Everything is going according to plan." Choe thanked Putin for taking the time to meet with her and mentioned that she had heard his summit with Kim in Beijing early last

October 28, 2025

OPINION: South Korea's defense rise owes debt to Russia

SEOUL, October 28 (AJP) - President Lee Jae Myung recently declared that South Korea aims to become the world’s fourth-largest defense exporter by 2030 — a bold vision reflecting the country’s growing role in the global arms market. According to the Stockholm International Peace Research Institute, South Korea ranked 10th in defense sales in 2023. Its share of global arms exports surged from 1 percent in 2012–2016 to 2.8 percent in 2017–2021 on averag

October 28, 2025

Korea's Q3 GDP adds stronger than expected 1.2% on quarter, sentiment weakens

] Seoul, October 28 (AJP) -South Korea’s economy grew faster than expected in the third quarter, expanding 1.2 percent on quarter on the back of a rebound in capital investment and a modest recovery in consumer spending, according to preliminary data from the Bank of Korea on Tuesday. The stronger-than-expected growth — up from 0.7 percent in the second quarter and following a 0.2 percent contraction in the first — was largely driven by renewed capit

October 28, 2025

World Korean business leaders gather in Incheon for economic summit

INCHEON, October 27 (AJP) - About 2,000 Korean business leaders from around the globe convened in Incheon for a four-day economic summit aimed at strengthening commercial ties between overseas Korean entrepreneurs and domestic firms. The 2025 Korea Business Expo Incheon opened Monday at Songdo, south of Incheon, drawing about 1,500 Korean businesspeople from abroad and 500 domestic participants including corporate executives and government officials. The four-day convention, runn

October 27, 2025