Latest news
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SK hynix posts record earnings in 2024, driven by AI chip demand
SEOUL, January 23 (AJP) - SK hynix reported its highest annual earnings in history for 2024 on Thursday, buoyed by surging demand for artificial intelligence memory chips. The South Korean chipmaker announced an operating profit of 23.47 trillion won ($17.6 billion), a remarkable turnaround from a loss in the prior year. The company's annual revenue soared to 66.19 trillion won, marking a 102 percent increase from 2023, while net profit reached 19.80 trillion won. In the fo
January 23, 2025 -
BLACKPINK's Jennie to drop first full-length album in March
SEOUL, January 23 (AJP) - Jennie, a member of K-pop girl group BLACKPINK, will release her first full-length album in March, according to her agency. Set for release on March 7, "Ruby," which contains 15 tracks, includes her previous single "Mantra," which was released in October last year. The album also features several collaborative songs with global artists including English and Albanian singer and songwriter Dua Lipa. Fans are already excited for Jenn
January 23, 2025 -
Indonesian Embassy denies Trump's alleged plan to relocate Gaza residents
SEOUL, January 23 (AJP) - The Indonesian Embassy in Seoul has denied reports that U.S. President Donald Trump is considering relocating several Palestinian residents of Gaza to Indonesia. In a statement to AJP on Wednesday, the Indonesian government clarified, "The Government of Indonesia has never received any information from anyone, nor any plans regarding the relocation of some of Gaza's 2 million inhabitants to Indonesia as part of post-conflict reconstruction efforts.
January 23, 2025 -
Korean shipbuilders set sights on lucrative US naval deals
SEOUL, January 23 (AJP) - South Korean shipbuilders are positioning themselves to secure high-value U.S. naval maintenance and repair contracts. U.S. President Donald Trump has expressed interest in collaborating with South Korea’s shipbuilding sector, emphasizing the importance of maintenance, repair, and operations (MRO) for U.S. naval vessels. During a phone call with South Korean President Yoon Suk Yeol in November, Trump praised the country’s “world-class n
January 23, 2025 -
Trump's drug pricing overhaul could reshape Korea's biosimilar, pharma sectors
SEOUL, January 23 (AJP) - The Trump administration is poised to implement sweeping changes to U.S. drug pricing and pharmaceutical supply chains, moves that could have profound implications for South Korea’s pharmaceutical and biotech industries. U.S. drug prices are under scrutiny due to patent monopolies and a lack of government-negotiated pricing. The administration is considering reintroducing the Most Favored Nation (MFN) model, which aims to align U.S. drug prices with t
January 23, 2025 -
Samsung unveils Galaxy S25 series with enhanced AI capabilities
SEOUL, January 23 (AJP) - Samsung Electronics unveiled its Galaxy S25 flagship smartphones at the Galaxy Unpacked event in San Jose on Thursday, showcasing cutting-edge artificial intelligence features and upgraded hardware. The Galaxy S25 series debuts One UI 7, Samsung's AI-optimized interface, which promises a more intuitive user experience through advanced language processing. Among its standout features is "Now Brief," an AI-driven tool that analyzes user habits
January 23, 2025 -
Korean contemporary dance group joins Coldplay's experimental video project
SEOUL, January 22 (AJP) - Ambiguous Dance Company, a South Korean contemporary dance troupe, has joined British rock band Coldplay's experimental video project, "A Film for the Future," unveiled Wednesday. The project brings together over 150 global artists and draws inspiration from Coldplay's album Moon Music, released last year. Ambiguous Dance Company performed choreography in sync with the song as part of the collaboration. The video for A Film for th
January 22, 2025 -
SM Group Chairman Woo attends both of Trump's presidential inaugurations
SEOUL, January 22 (AJP) - SM Group Chairman Woo Oh-hyun has attended both of Donald Trump’s presidential inaugurations, serving as a key private bridge for South Korea-U.S. economic diplomacy. Woo’s official invitations to Trump’s inaugurations highlight his influential role in fostering private economic exchanges between South Korea and the United States. Woo, who serves as an advisor to the Korea-U.S. Alliance Friendship Association, attended Trump’s
January 22, 2025 -
Subway fares to rise this spring
SEOUL, January 22 (AJP) - Subway fares in Seoul are expected to be hiked by 150 won this spring. Seoul Metro said on Tuesday that it has decided to raise the base fare from 1,400 won to 1,550 won in the first half of this year. The hike was much anticipated, as the Seoul Metropolitan Government tried to raise fares last year but postponed the move amid the prolonged economic downturn. The impending hike, which could take effect as early as March, comes about two years after 20
January 22, 2025 -
Investigators fail once again to question Yoon over martial law debacle
SEOUL, January 22 (AJP) - Investigators from the Corruption Investigation Office for High-ranking Officials (CIO) on Wednesday failed once again to question President Yoon Suk Yeol over his botched martial law debacle last month. They visited a remand prison in Uiwang, Gyeonggi Province, where Yoon is confined, in an attempt to either bring him to the CIO headquarters in Gwacheon in the same province or question him at a separate facility there, but to no avail. They were forced to
January 22, 2025
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PHOTOS: Jeongwol Daeboreum, first full moon of lunar calendar
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South Korea adds more medals in speed skating at Harbin Asian Winter Games
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Acting President seeks phone call with Trump
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US tariffs threaten jobs in Korea's manufacturing sector
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Hollywood stars to visit Seoul for promotional events of Bong Joon-ho's upcoming film
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Chinese cruise passengers to Jeju surge more than sixfold
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Second season of 'Squid Game' wins gong at Critics' Choice Awards in US
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Korea's economy under greater downward pressure, state think tank warns
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Nuclear power becomes South Korea's top electricity source for first time in 18 years
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Oil storage tank explosion in Ulsan leaves one dead, another injured