Yoon, Ishiba express 'strong concern' over North Korean troops in Russia

SEOUL, November 17 (AJP) -- South Korean President Yoon Suk Yeol and Japanese Prime Minister Shigeru Ishiba expressed "strong concern" Saturday over North Korea’s troop deployment to Russia to aid its war against Ukraine, Seoul officials said. The two leaders held their second bilateral meeting in Lima on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. "The leaders expressed strong concerns over military cooperation between North Korea a

November 17, 2024

South Korea, Viet Nam leaders vow to strengthen economic cooperation

SEOUL, November 17 (AJP) -- South Korean President Yoon Suk Yeol and Viet Nam's new President Luong Cuong agreed Saturday to strengthen cooperation between the two countries in investment, supply chains and defense, Seoul officials said. The two leaders held their first meeting in Lima on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. "As each other's third-largest trading partners, I expect our nations to continue strengthening cooperation to

November 17, 2024

Yoon urges China's 'constructive' role over N. Korea's provocations

SEOUL, November 16 (AJP) -- South Korean President Yoon Suk Yeol held a summit with Chinese President Xi Jinping on Friday and urged China to play a "constructive role" in addressing North Korea's growing provocations and military cooperation with Russia, Seoul officials said. In response, Xi expressed China's hopes for regional stability and peaceful resolution of Korean Peninsula issues. During the talks on the sidelines of the Asia-Pacific Economic C

November 16, 2024

South Korea, US, Japan leaders agree to establish trilateral secretariat

SEOUL, November 16 (AJP) -- The leaders of South Korea, the United States and Japan agreed Friday to establish a secretariat for trilateral cooperation during their summit in Peru. President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Shigeru Ishiba also condemned North Korea for sending troops to Russia to aid its war against Ukraine and reaffirmed their commitment to the denuclearization of the Korean Peninsula. "Today, we announce the establishment

November 16, 2024

Samsung to buy back shares worth 10 trillion won to boost shareholder value

SEOUL, November 15 (AJP) - Samsung Electronics announced Friday it will buy back shares worth 10 trillion won (US$7.16 billion) to enhance shareholder value following a recent decline in its stock price. The repurchase will be carried out in installments over a one-year period, the Korean company said in a regulatory filing after a board meeting. The surprise announcement came a day after Samsung's shares fell below 50,000 won for the first time in four and a half years, am

November 15, 2024

VISUALS: Liberation Association holds alternative memorial ceremony for independence fighters

SEOUL, November 15 (AJP) - A memorial ceremony for independence fighters was held at the Seoul National Cemetery in the capital on Friday. Hosted by the Liberation Association, the ceremony took place at a separate venue after being denied access to the cemetery's memorial hall. The Ministry of Patriots and Veterans Affairs had rejected the association's request to use the hall, citing concerns over possible conflicts between those with different historical views. Friday's e

November 15, 2024

PHOTOS: Korean Sool Grand Festival 2024 opens in Seoul

SEOUL, November 15 (AJP) - The Korean Sool Grand Festival 2024 opened Friday at aT Center in Seoul, featuring 116 traditional alcohol producers, marking its largest scale in its 14-year history. The three-day event, organized by the Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT), offers various activities including makgeolli-making workshops and special auctions of limited-edition traditional liquors.

November 15, 2024

Yoon to hold summit with China's Xi on sidelines of APEC summit in Peru

SEOUL, November 15 (AJP) - President Yoon Suk Yeol will have a summit with his Chinese counterpart Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Peru, the presidential office said on Friday. "The two leaders will discuss various measures to boost economic cooperation and bilateral exchanges, as well as share in-depth views on regional issues including security concerns on the Korean Peninsula," Principal Deputy National Security Advi

November 15, 2024

Opposition leader gets suspended sentence for violating election law

SEOUL, November 15 (AJP) - Opposition leader Lee Jae-myung was sentenced on Friday to one year in prison, suspended for two years, for violating the election law. The Seoul Central District Court found him guilty of making false statements related to a major scandal involving a land development project in Seongnam, Gyeonggi Province during his tenure as the city's mayor from 2010 to 2018. The sentence puts the leader of the main opposition Democratic Party at risk of being di

November 15, 2024

Expo highlights growth, innovation of South Korean small firms

SEOUL, November 15 (AJP) - An event designed to highlight the growth and achievements of South Korean SMEs took place in the southeastern port city of Ulsan, the Korea Management Innovation Association for Small and Medium Businesses (MainBiz Association) said Friday. The two-day "2024 SME Technology and Management Innovation Expo," which began on Thursday, aimed to inspire innovation through awards for contributors, innovation-focused conferences, and presentations on gro

November 15, 2024