Latest
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Uzbekistan and Türkiye align youth policies to boost technological and regional cooperation
SEOUL, February 11 (AJP) - Bilateral relations between Uzbekistan and Turkey have expanded significantly in recent years, with youth policy emerging as a primary focus of the diplomatic agenda. This cooperation, initiated by the leaders of both nations, has moved beyond domestic social measures to become a formal component of interstate relations involving trade, education, and innovation. The shift toward a systematic approach was highlighted during the fifth meeting of the Minis
February 11, 2026
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Thailand sells 'luxury healing' image as Korean travelers drift away
SEOUL, February 11 (AJP) – Thailand is rebranding itself as a “luxury healing” destination as it struggles to win back South Korean travelers increasingly opting for Vietnam and other alternatives amid rising costs, currency pressure and lingering safety concerns linked to regional tensions. Under its global “Amazing Thailand” campaign, the Tourism Authority of Thailand (TAT) will reposition its 2026 communications strategy around the tagline &ldquo
February 11, 2026
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KOSPI stands out as regional winner as Tokyo stays closed
SEOUL, February 11 (AJP) -South Korean shares emerged as regional winners on Wednesday, with Japanese markets closed for the National Foundation Day, as strong foreign and institutional buying and easing currency pressure lifted investor sentiment. The benchmark KOSPI rose 1.0 percent to close at 5,354.5, extending its rebound as heavyweight stocks regained momentum. The KOSPI 200 advanced 1.02 percent to 788.8, reflecting renewed strength in large-cap names. Foreign and inst
February 11, 2026
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VW's electrification push adds pressure on South Korea in Canada's $41bn submarine bid
SEOUL, February 11 (AJP) - Germany’s industrial offensive is widening beyond defense and into electric vehicles, adding fresh pressure on South Korea in Canada’s $41 billion submarine procurement race. On Wednesday, Volkswagen Group doubled down on its global electrification drive despite slowing EV demand worldwide, highlighting production milestones that underscore Germany’s manufacturing scale — a key factor as Berlin backs a consortium competing against S
February 11, 2026
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Job data hints AI stealing entry-level high-skill jobs in Korea
SEOUL, Feb. 11 (AJP) – South Korea’s youth employment remains in the doldrums for a second straight year, and fresh losses in science, technology, law and accounting services suggest the country’s rapid embrace of artificial intelligence is steadily worsening job prospects for college graduates. January job data indicate that hiring is slowing just as companies accelerate automation, raising concerns that AI is quietly narrowing access to stable, long-term employ
February 11, 2026
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Surge in Chinese travelers to South Korea boosts bilateral ties, Beijing's state daily says
SEOUL, February 11 (AJP) - A surge in travel between South Korea and China is laying the groundwork for stronger bilateral ties, Beijing's state-run newspaper Global Times reported on Wednesday. Quoting South Korean Ambassador to China Roh Jae-heon, the English-language sister newspaper of the People's Daily said, "The number of Chinese visitors to South Korea is expected to exceed 6 million in 2026." The surge is "not merely a recovery in tourism statist
February 11, 2026
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NPS' big bet on US tech stocks pay off, with '25 gains near $30 bn
SEOUL, February 11 (AJP) - South Korea’s National Pension Service (NPS) booked nearly $29.4 billion in valuation gains from its U.S. stock portfolio last year from its aggressive bet on Big Tech and artificial intelligence-driven growth despite rising concerns over market froth. The fund - one of the largest institutional players in the world - in its latest 13F filing to the U.S. Securities and Exchange Commission reported that it held stakes in 561 U.S.-listed companies
February 11, 2026
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South Korea's HMM posts sharp earnings drop on falling freight rates
SEOUL, February 11 (AJP) - HMM, South Korea’s largest shipping firm, reported a sharp decline in operating profit for 2025, falling nearly 60 percent from a year earlier as weaker freight rates and excess vessel supply weighed on its earnings. In a regulatory filing Wednesday, the company reported consolidated operating profit of 1.46 trillion won ($1.1 billion), down 58.4 percent from the previous year. Revenue declined 6.9 percent to 10.89 trillion won, while net profit
February 11, 2026
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E-Mart posts sharp profit rebound in 2025 on cost cuts, pricing power
SEOUL, February 11 (AJP) - South Korea’s largest retailer E-Mart reported a sharp improvement in profitability last year despite inflationary pressures and sluggish consumer spending. In a regulatory filing Wednesday, the company said consolidated revenue for 2025 slipped 0.2 percent from a year earlier to 28.97 trillion won ($21.7 billion), while operating profit surged 584.8 percent to 322.5 billion won. E-Mart attributed the turnaround largely to cost savings
February 11, 2026
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Lee to meet DP, PPP leaders over luncheon
SEOUL, February 11 (AJP) - President Lee Jae Myung is set to sit down for talks with the leaders of the ruling Democratic Party (DP) and the main opposition People Power Party (PPP) later this week. In a press briefing on Wednesday, presidential chief of staff Kang Hoon-sik told reporters that Lee is scheduled to hold a meeting with DP leader Jung Chung-rae and PPP leader Jang Dong-hyeok at Cheong Wa Dae on Thursday to "seek bipartisan cooperation on state affairs and discuss w
February 11, 2026