BOK's new chief to start work Tues after last-minute confirmation SEOUL, April 20 (AJP) — South Korea’s incoming central bank chief Shin Hyun-song is set to begin his term Tuesday under a cloud of unresolved personal controversies, after the National Assembly approved his confirmation report Monday following two earlier rejections. Shin marks the first nominee for the Bank of Korea governorship to fail to secure initial approval from the parliamentary Strategy and Finance Committee since confirmation hearings became mandatory in 20 April 20, 2026

Hyundai Motor protests to USTR Section 301 probe for potential double taxing SEOUL, April 20 (AJP) - South Korea's Hyundai Motor Group has lodged a complaint with U.S. trade authorities over potential double taxing, claiming additional duties under Section 301 could duplicate existing restrictions under other regulations. In its submission to U.S. Trade Representative Jamieson Greer, the automaker — which plans to invest $26 billion in the United States through 2028 — stressed its role in strengthening American supply-chain resilience as it April 20, 2026

Lee set to deliver speech at business forum in India SEOUL, April 20 (AJP) - President Lee Jae Myung, who is on a state visit to India for a summit with Indian Prime Minister Narendra Modi on Monday, is set to attend a business forum later in the day to promote investment and cooperation between companies in the two countries. Lee is scheduled to deliver opening remarks at the forum, co-hosted by the two countries, where he is expected to emphasize stronger supply-chain cooperation. The forum, being held for the first time in eight April 20, 2026

S. Korea hits the accelerator on nuclear pivot after Hormuz lesson SEOUL, April 20 (AJP) - Nuclear energy has become hot. It already was due to the exponential demand for electricity to power hyperscalers to train and deploy artificial intelligence. But it has got even hotter due to the Gulf war crisis. South Korea is the world’s fifth-largest energy importer by value and one of the four largest importers of LNG globally, regularly purchasing around 40 million tonnes per year. With virtually no domestic fossil fuel reserves, the country April 20, 2026

Oil tanker passing through Strait of Hormuz 'heading to discharge its cargo' in South Korea SEOUL, April 20 (AJP) - An oil tanker that passed through the Strait of Hormuz is expected to arrive in South Korean waters as early as next month, Reuters reported on Monday. The Malta-flagged Odessa is "heading to discharge its cargo ​at South Korean refiner Hyudai ‌Oilbank after passing through the Strait of Hormuz," it said. "The Suezmax ​tanker, which can carry 1 million barrels of oil, had its AIS tracker switched ​off and re-appeared on April ​17 near t April 20, 2026

NCT WISH drops its first studio album SEOUL, April 20 (AJP) - K-pop boy group NCT WISH has dropped its first full-length album on Sunday after successfully wrapping up an encore concert in Seoul. According to SM Entertainment, NCT WISH releases its first studio album, Ode to Love, at 6 p.m. The 10-track album, featuring the lead single of the same name, brings together the group’s signature “fresh and neo” sound that it has built since debut. Ahead of the release, the group held its first solo conce April 20, 2026

Pyongyang tests banned cluster missiles as Kim Jong-un asserts saturation capability SEOUL, April 20 (AJP) - In a bid to assert its ground-to-ground wide-area suppression capability, Pyongyang test-fired tactical ballistic missiles carrying cluster warheads on Sunday. The drill, reported by the Korean Central News Agency on Monday, involved weaponry banned by most of the international community due to its indiscriminate nature and lasting humanitarian risk. According to Pyongyang's state media, the Missile Administration of the Democratic People's Republic April 20, 2026

South Korean names missing from Forbes' AI 50 list SEOUL, April 20 (AJP) - No South Korean company made Forbes' list of the world's "most promising privately held" companies in the field of artificial intelligence (AI). According to the magazine's "AI 50" list, released last week, U.S. startups dominated the list, with only two from Sweden and one each from Canada and the U.K. No Asian companies were included with none from South Korea. The annual list of top AI companies, now in its eighth year, w April 20, 2026

K-pop identity and global expansion take center stage at Kookmin University special lecture SEOUL, April 20 (AJP) - Professor Lee Gyu-tag from George Mason University Korea examined the cultural evolution and future trajectory of K-pop during a guest lecture at Kookmin University on April 16. Speaking as the featured guest for the 663rd Thursday Special Lecture, Lee explored how the genre's identity has shifted from a local South Korean product to a global phenomenon, the prominent university said Monday. The lecture defined K-pop not merely as a broad term for all S April 20, 2026

Samsung SDI strikes first battery supply deal with Mercedes-Benz SEOUL, April 20 (AJP) - Samsung SDI announced it has signed a multi-year contract to supply electric vehicle batteries to Mercedes-Benz, marking the Korean battery maker's first supply agreement with the German premium automaker. The deal, signed at the Andaz Seoul Gangnam hotel on Monday, will see Samsung SDI provide high-performance cells built with high-nickel NCM (nickel, cobalt, and manganese) cathode chemistry for Mercedes-Benz's next-generation electric vehicles. S April 20, 2026