SK Telecom to divest entire Kakao stake in $300 million block deal

SEOUL, April 25 (AJP) - SK Telecom said Friday it will sell its entire stake in Kakao Corp. through a block deal valued at 413.3 billion won ($300 million). The sale involves 10.8 million shares of the internet company. SK Telecom said the move is aimed at securing funds for the full acquisition of SK Broadband, as well as investments in future growth areas, including artificial intelligence. SK Telecom signed a stock purchase agreement in November to acquire the remaining 2

April 25, 2025

Korea will negotiate with US to eliminate tariffs

SEOUL, April 25 (AJP) - South Korea and the United States have agreed to hold negotiations aimed at eliminating mutual tariffs and item-specific duties before a July 8 deadline, South Korean officials said Friday, following high-level trade talks in Washington. The talks come ahead of the expiration of a 90-day mutual tariff suspension instituted under U.S. President Donald Trump. The two nations now hope to forge a comprehensive agreement — referred to by South Korean offic

April 25, 2025

PHOTOS: Joseon-era folk paintings on display in Seoul

SEOUL, April 24 (AJP) - An engaging exhibition at the Amorepacific Museum of Art offers a sweeping view of Joseon-era "minhwa," the vibrant and often whimsical folk paintings that flourished from the late 18th through the early 20th centuries. Drawing from 19 institutional and private collections, the show features over 100 works that underscore the distinctiveness of Korean traditional art, a realm where creativity often defied rigid artistic

April 25, 2025

'Squid Game' director to receive gong at Gotham Awards in June

SEOUL, April 25 (AJP) - Director Hwang Dong-hyuk, who has been in the global spotlight for his hit Netflix series "Squid Game," will be honored with an award at the annual Gotham Television Awards in June. Hwang will be feted with the Creator Tribute at the American film awards, which recognize "the iconic artists and creators who have enriched the landscape and pushed the boundaries of TV," with this year's ceremony scheduled to take place in New York on Jun

April 25, 2025

As Trump targets pharma, Korean biotech firms reassess US strategies

Editor's Note: This is the fourth in a series of stories examining how the Trump administration's economic policies affect South Korea's key industries. SEOUL, April 23 (AJP) - South Korean pharmaceutical companies are bracing for the fallout from U.S. President Donald Trump's tariffs and drug price reforms that could reshape the global pharmaceutical landscape and disrupt overseas supply chains. The Trump administration has launched a national security investigat

April 25, 2025

Event in Seoul highlights Central Asia's tourism potential

SEOUL, April 24 (AJP) - An event to promote tourism to Central Asia and its cultural heritage was held in Seoul on Wednesday. Co-hosted by the Korea-Central Asia Cooperation Forum Secretariat and the embassies of several Central Asian countries such as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, the event brought together a group of regional experts, diplomats, and other attendees, offering a chance to deepen understanding of the region.

April 24, 2025

INTERVIEW: Farmtastica CEO brings smart farming vision to Latin America's urban centers

SEOUL, April 24 (AJP) - For Maricruz Larrea, CEO of Chilean smart farm Startup Farmtastica, farming does not involve long stretches of countryside. With the startup’s technology, crops can be grown inside closets, rooms, and small spaces. “We’re not just growing leafy greens, We’re building a more sustainable, localized food supply chain,” Larrea, the CEO and co-founder of Farmtastica, a Chilean startup focused on controlled environment agriculture, t

April 24, 2025

PHOTOS: Spring hues sweep South Korea

SEOUL, April 24 (AJP) - A vibrant tapestry of spring color is unfolding across South Korea, drawing residents and visitors alike to witness nature's annual spectacle. In Nowon-gu, Seoul, the slopes of Mount Bulam have erupted in a riot of pink as the azalea gardens reach their peak bloom. The expansive display offers a striking vista. Farther south, in Daegu, the Tulip Garden at the E-World amusement park has become a magnet for flower enthusiasts. In Incheon, an innovative approach

April 24, 2025

Acting President urges swift passage of extra budget

SEOUL, April 24 (AJP) - Acting President Han Duck-soo on Thursday called for bipartisan support for a supplementary budget aimed at boosting economic recovery. In his speech at the National Assembly, the first of its kind by an acting president in about 46 years, Han urged lawmakers to swiftly pass the 12.2 trillion won (US$8.8 billion) supplementary budget. He stressed the fast approval of the budget is "important" to weather through a crisis as the country "faces

April 24, 2025

Harmful chemicals detected in children's toys from Chinese e-commerce platforms

SEOUL, April 24 (AJP) - Several children’s toys sold on major Chinese e-commerce platforms contain toxic substances at levels far exceeding safety standards, the Seoul Metropolitan Government announced on Thursday. City officials said they tested 25 toys purchased from global platforms including Temu, Shein, and AliExpress. Four products failed to meet domestic safety regulations, with one “keyring doll” found to contain phthalate plasticizer (DEHP) at concentratio

April 24, 2025