After Gulf war, Section 301 looms as next hit to Korean economy SEOUL, April 16 (AJP) — As South Korean markets price in a winding down of the Middle East conflict, another front is quietly opening — this time in trade. With the KOSPI hitting fresh highs on easing war concerns, attention is shifting to Washington, where a new round of investigations under Section 301 of the Trade Act is gathering pace, raising the risk of fresh tariffs on key trading partners, including South Korea. Seoul, alongside Japan and China, is among April 16, 2026

KOSPI flirts around record highs amid signs of de-escalating Gulf tensions SEOUL, April 16 (AJP) -Korean stocks extended gains Thursday, with the benchmark KOSPI hovering near a record close on signs of de-escalating Gulf tensions and renewed institutional buying. The KOSPI rose 2.2 percent to close at 6,226.10, a tad below last record finish of 6,307.27 on Feb. 26. Institutions led the advance, purchasing 1.10 trillion won($746.7 million), while foreign investors added 464.4 billion won. Retail investors sold 1.81 trillion won, locking in gains afte April 16, 2026

Car exports edge up last month despite Middle East conflict PYEONGTAEK, April 16 (AJP) - South Korea's car exports increased last month despite the prolonged conflict in the Middel East. According to a report by the Ministry of Trade, Industry and Energy on Thursday, the total amount of car exports stood at $6.37 billion in March, up 2.2 percent from the same period last year. Exports of hybrid vehicles drove the increase, surging by over 60 percent, despite a significant decline in shipments to the Middle East. April 16, 2026

Spring gives way to early summer heat SEOUL, April 16 (AJP) - This year's spring, which had only just begun, has suddenly disappeared, giving way to early summer heat this week, with daily highs hovering above 20 degrees Celsius nationwide. According to the Korea Meteorological Administration (KMA), temperatures in most parts of Seoul and the surrounding metropolitan area soared to 27 degrees Celsius on Thursday, marking one of the warmest levels recorded for April. The unusually high temperatures, compared with April 16, 2026

Lee to embark on trip to India and Viet Nam this weekend for summit talks SEOUL, April 16 (AJP) - President Lee Jae Myung will embark on a weeklong trip to India and Viet Nam this weekend, Cheong Wa Dae said on Thursday. In a press briefing at Cheong Wa Dae in Seoul on Thursday, national security adviser Wi Sung-lac said Lee is scheduled to leave for New Delhi on Sunday for talks with Indian Prime Minister Narendra Modi on Monday, followed by a series of expanded discussions with key officials. Lee's visit to the world's most populous nation co April 16, 2026

Samsung Electronics unveils 2026 AI TV lineup at European tech seminar SEOUL, April 16 (AJP) - Samsung Electronics held its '2026 Europe Tech Seminar' in Frankfurt, Germany, from Wednesday to Thurdsay, showcasing its 2026 artificial intelligence (AI) TV and audio product lineups to European media and industry professionals. During the event, Samsung demonstrated its 'Vision AI Companion,' an integrated TV platform that functions as a smart home hub. The platform provides real-time information on viewed content and supports tasks such April 16, 2026

SK hynix to test Samsung's shock earnings as AI memory boom deepens SEOUL, April 16 (AJP) - After Samsung Electronics’ mind-blowing first-quarter numbers, its memory-focused rival SK hynix will be closely watched to see whether its three-month earnings can match — or even eclipse — expectations when it reports January–March results next week. According to financial data tracker FnGuide, the consensus among domestic brokerages estimates SK hynix’s operating profit for the period at 34.9 trillion won ($24.8 billion), wi April 16, 2026

Into the void: sinkhole response drill Gyeonggi, April 16 (AJP) -The ground opens without warning. Asphalt fractures, steel buckles, and in seconds, what was solid becomes void. On Wednesday, fire authorities staged that moment. At the Gyosan public housing development site in Hanam, 77 rescue personnel moved through a carefully choreographed collapse — a large-scale sinkhole scenario designed to mirror one of the most unpredictable urban hazards. The three-day drill, running from April 15 to 17, brought toget April 16, 2026

South Korea eyes role in Europe-led Hormuz security push after Gulf war SEOUL, April 16 (AJP) -South Korea is moving to join Europe-led multinational talks aimed at restoring safe passage through the Strait of Hormuz once the Gulf conflict subsides, signaling a cautious but deliberate step toward postwar maritime security operations. The presidential office said Thursday that President Lee Jae Myung is “positively” considering participation in a video summit set for Friday, bringing together 70 to 80 countries and international organizations April 16, 2026

AI unsettles game workforce in Korea as industry peaks out SEOUL, April 16 (AJP) - The artificial intelligence scare has caught up with the game industry, once a top career choice for software programmers in South Korea, with as many as three in four feeling threatened by the new technology in a sector now past its heyday. A survey of 1,078 unionized employees at major publishers including Nexon, NC and Netmarble found that 77.3 percent were anxious about their jobs, according to results presented Wednesday at a National Assembly policy for April 16, 2026