Latest
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Text-hispters indulge in reading trend in Seoul
SEOUL, April 23 (AJP) - In an era dominated by short videos and rapidly consumed content, young people in South Korea are turning back to books and written text. Reading books, copying favorite passages by hand, and visiting bookstores and libraries have become part of a growing lifestyle trend known as “text-hip,” where reading is seen not as an act of studying or self-improvement, but as a way to express personal taste and emotion.
April 23, 2026
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Korea's chip irony: record Samsung Elec shares and mass workers rally
PYEONGTAEK, April 23 (AJP) -On the same day the KOSPI scaled a record high and South Korea posted its strongest quarterly growth in five years, tens of thousands of workers at the very heart of that boom took to the streets — protesting what they called a widening gap between record profits and compensation. “Even at this very moment, our colleagues are leaving,” shouted Thursday Woo Ha-kyung, acting head of the National Samsung Electronics Union, her voice hoarse
April 23, 2026
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Tariffs and rising costs bite Hyundai despite record quarterly revenue
SEOUL, April 23 (AJP) - Despite posting record revenue, Hyundai Motor saw its profitability come under intense pressure as tariffs and rising costs eroded margins. Revenue rose 3.4 percent year on year to 45.9 trillion won, marking the highest first-quarter figure on record. The increase was supported by strong sales of high-margin SUVs and hybrid vehicles, even as global industry demand contracted 7.2 percent. Hybrid vehicles accounted for 17.8 percent of total sales,
April 23, 2026
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Chip rally, GDP surprise drive KOSPI to fresh record high
SEOUL, April 23 (AJP) - Geopolitical uncertainty failed to derail South Korea’s stock rally, with the KOSPI closing at a fresh all-time high Thursday as strong chip earnings and an upside GDP surprise lifted investor sentiment. The benchmark index closed at 6,475.81, up 0.90 percent, while the KOSDAQ ended at 1,174.31, down 0.58 percent. The Bank of Korea said first-quarter real GDP expanded 1.7 percent from the previous quarter, nearly double its February forecast of 0.9 pe
April 23, 2026
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Japan's arms export shift tests Korea's security calculus amid regional buildup
SEOUL, April 23 (AJP) - Japan’s decision to allow exports of lethal weapons for the first time since World War II marks a decisive step in Asia’s quiet arms buildup, raising both strategic opportunities and deep-seated concerns for South Korea as regional security dynamics shift. The government of Prime Minister Sanae Takaichi this week revised its “Three Principles on Transfer of Defense Equipment and Technology,” expanding exports beyond non-lethal categor
April 23, 2026
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Kookmin University to hold third ceramic craft exhibition and sale
SEOUL, April 23 (AJP) - Kookmin University will host the 2026 3rd Ceramic Craft Fair from May 14 to May 17 to showcase the work of emerging artists and facilitate the sale of student and alumni projects, the university said Thursday. The four-day event will take place in the lobby of the Kookmin University (KMU) Administration Hall in Seoul, South Korea. Students and alumni from the Department of Ceramic Craft within the College of Design are set to participate in the exhibition,
April 23, 2026
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Chips carry Korea's Q1, but Gulf fallout looms large
SEOUL, April 23 (AJP) — From the headline, South Korea’s economy looks robust — gross domestic product posting its strongest growth in more than five years while chipmakers log staggering margins nearing 70 percent. But beneath the surface, the expansion is widely seen peaking, exposing structural fault lines from overreliance on a single sector and mounting inflationary pressure. According to the Bank of Korea on Thursday, the nation’s GDP grew 1.7 p
April 23, 2026
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South Korean envoy meets Iranian foreign minister in Tehran
SEOUL, April 23 (AJP) - South Korea's special envoy to Iran Chung Byung-ha has met Iranian Foreign Minister Abbas Araghchi in Tehran, Iran's Ministry of Foreign Affairs said on Thursday. According to the ministry, Chung, who was dispatched to the Middle Eastern country earlier this month, met Araghchi the previous day. During the meeting, which came about two weeks into his stay there, Chung reportedly sought Iran's cooperation, as he continues efforts to ensure the
April 23, 2026
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Honda Korea to exit car sales after two decades
SEOUL, April 23 (AJP) - Honda Korea announced it will cease automobile sales in the country by the end of 2026, pulling the curtain on a presence that once crowned it the top-selling import brand but withered steadily over the past several years. Lee Ji-hong, CEO of Honda Korea, told a hastily convened press conference on Thursday at COEX in Seoul that the decision came after a thorough review of shifting market conditions and persistent currency headwinds. "We have comprehe
April 23, 2026
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S. Korean researchers identify protein mechanism to overcome leukemia drug resistance
SEOUL, April 23 (AJP) - A joint research team from the Korea Advanced Institute of Science and Technology, Uijeongbu Eulji University Hospital, and Ulsan National Institute of Science and Technology has identified a new molecular mechanism that controls how chronic myeloid leukemia responds to anticancer drugs, the state-operated research institute located in the central city of Daejeon said Thursday, April 23, 2026. Chronic myeloid leukemia is caused by an abnormal protein called
April 23, 2026