Horror film emerges as surprise box-office draw SEOUL, April 20 (AJP) - Horror film "Salmokji: Whispering Water" held onto the top spot at the domestic box office for a second consecutive week, driven by strong word of mouth among younger moviegoers. According to the Korean Film Council on Monday, Lee Sang-min's directorial debut feature attracted 472,109 moviegoers over the weekend, bringing its cumulative total to 1.46 million since its release earlier this month. It already surpassed its break-even point o April 20, 2026

SK hynix rolls out new memory for Nvidia's Rubin SEOUL, April 20 (AJP) -South Korean chipmaker SK hynix announced Monday that it has begun mass production of its SOCAMM2 192GB memory module, a product specifically optimized for Nvidia's next-generation "Vera Rubin" AI platform. Based on 10-nanometer-class sixth-generation (1c) LPDDR5X DRAM, the new AI server module aims to resolve memory bottlenecks in massive AI models and maximize GPU processing speeds. The product reconfigures low-power mobile memory for serv April 20, 2026

BOK's Rhee swan song: central bank must act as think tank beyond rate tools SEOUL, April 20 (AJP) — Bank of Korea Governor (BOK) Rhee Chang-yong emphasized the central bank’s dual role as a think tank in his swan-song remarks before retiring Monday, even as critics argued the Bank of Korea strayed into non-monetary areas such as housing and education under his watch. In his final speech before stepping down, Rhee reflected on the limits of traditional policy tools after navigating multiple crises over the past four years. “Managin April 20, 2026

Asian markets open the week on positive note despite Hormuz uncertainties SEOUL, April 20 (AJP) - Most Asian markets opened the week higher Monday despite conflicting developments in the Middle East ahead of the Tuesday expiration of the truce between the United States and Iran. Hopes had risen last week that the conflict might ease and that the Strait of Hormuz would reopen, but Iran said over the weekend that the strait remained closed. Reports that two Indian-flagged vessels were forced to turn back added to concerns over the security of shipping thr April 20, 2026

South Korean researchers develop wrinkle-free technology for foldable displays SEOUL, April 20 (AJP) - A research team at the Korea Advanced Institute of Science and Technology has developed a core technology that fundamentally eliminates the wrinkle problem in foldable smartphone displays by redesigning the adhesive areas between the screen and its support plate, the prominent science institute said Monday. According to the Korea Advanced Institute of Science and Technology (KAIST), the new technique ensures that folding stress is distributed across the dev April 20, 2026

Pump prices keep soaring as diesel approaches 2,000 won per liter SEOUL, April 20 (AJP) - Diesel prices are approaching 2,000 Korean won (about US$1.36) per liter after gasoline's already crossed that threshold amid surging fuel prices due to supply disruptions amid the prolonged conflict in the Middle East. If this trend continues, the average diesel price nationwide is likely to breach that level within days. As the prospect of talks between the U.S. and Iran looms, it remains uncertain when the Strait of Hormuz, a critical chokepoint fo April 20, 2026

S. Korea, U.S. finance chiefs share concerns over won volatility Seoul, April 19 (AJP) —South Korean and U.S. finance chiefs agreed a volatile exchange rate is undesirable for the interests of the two countries, the Ministry of Finance and Economy said in a statement Monday. Finance Minister Koo Yun-cheol met with U.S. Treasury Secretary Scott Bessent during the G20 Finance Ministers and Central Bank Governors Meeting in Washington, D.C., last Friday to discuss key bilateral issues including the action plan for Seoul's pledge of inv April 20, 2026

Korea's antitrust watchdog weighs naming Coupang's Kim as group head SEOUL, April 20 (AJP) - South Korea's antitrust regulator is poised to decide as early as next week whether to name Coupang founder Bom Kim as the e-commerce group's controlling shareholder, a shift that would bring the U.S. citizen under the country's toughest corporate disclosure and anti-self-dealing rules for the first time. The Korea Fair Trade Commission (KFTC) is in the final stages of reviewing whether to replace the Coupang corporate entity with Kim, chairman of April 20, 2026

North Korea test-fires tactical ballistic missiles with new warheads, state media says SEOUL, April 20 (AJP) - North Korea has conducted a test of a "surface-to-surface tactical ballistic missile," state media reported on Monday. According to the state-run Korean Central News Agency, the test was conducted the previous day to "evaluate the power of warhead of the improved surface-to-surface tactical ballistic missile Hwasongpho-11 Ra." "Five tactical ballistic missiles, launched towards the target area around an island about 136 k April 20, 2026

Korea and India to elevate ties to "entirely new level" SEOUL, April 20 (AJP) -South Korean President Lee Jae Myung said Seoul and India are entering “an entirely new level” in bilateral ties, positioning each other as “the most critical strategic partners” as global supply chains fracture under prolonged geopolitical shocks stemming from the Middle East conflict. Speaking at a dinner meeting with the Korean community in New Delhi Sunday, Lee framed his state visit as a turning point in bilateral ties, s April 20, 2026