Latest
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Krafton to bring five games, including new PUBG title, to Gamescom 2026
SEOUL, August 05 (AJP) - South Korean game publisher Krafton announced it will present five upcoming titles at Gamescom 2026, the industry's largest trade fair, headlined by an unannounced project built on its blockbuster PUBG franchise. The lineup, to be shown from Aug. 26 to 30 at the Koelnmesse in Cologne, Germany, spans internally developed games and second-party publishing projects, underscoring the company's push to broaden beyond the battle royale format that made its
August 5, 2026
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HMM to open India-East Africa container route in September
SEOUL, August 05 (AJP) - HMM, South Korea's largest container carrier, said it would launch a new service linking India and East Africa in September, extending the hub-and-spoke network that has become the centerpiece of its expansion strategy. The service announced Wednesday, branded Gulf-India-East Africa (GIA), will connect the Indian gateway ports of Nhava Sheva and Mundra — where cargo from India and Central Asia converges — with Dar es Salaam in Tanzania and Mo
August 5, 2026
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North Korea slams Japan's military buildup, accusing Tokyo of pursuing rearmament
SEOUL, August 5 (AJP) - North Korean leader Kim Jong-un's powerful sister Yo-jong, who often speaks for the regime on foreign policy, has issued another blunt warning, this time aimed at Japan. In a statement carried on Wednesday by the state-run Korean Central News Agency (KCNA), Kim said Tokyo's recent military moves were pushing the country back toward its wartime past, describing Japan as a "war criminal state" that is accelerating its shift into what she calle
August 5, 2026
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Korea fine drives Coupang to biggest loss since listing
SEOUL, August 05 (AJP) -Coupang Inc. posted its largest quarterly operating loss since its 2021 New York listing after a record South Korean privacy fine pushed the company deeper into the red, while weaker profitability in its core retail business showed the deterioration extended beyond the one-off regulatory charge. The New York Stock Exchange-listed company reported an operating loss of $556 million for the second quarter ended June 30, compared with operating income of $149 mil
August 5, 2026
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Korea's FX reserves up marginally July on bond issuance and softer USD
SEOUL, August 05 (AJP)- South Korea's foreign exchange reserves rose only marginally in July despite a record euro-denominated sovereign bond sale and favorable currency valuation effects, as foreign exchange operations and swaps with the National Pension Service offset much of the inflow, central bank data showed Wednesday. The country's reserves stood at $427.95 billion at the end of July, up $590 million from $427.36 billion a month earlier, according to the Bank of Kor
August 5, 2026
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Korea's property tax overhaul outline jolts Gangnam
SEOUL, August 04 (AJP) - Gangnam's luxury apartment owners were left scrambling over whether to sell, move back into their homes or brace for sharply higher tax bills after the government unveiled a sweeping property tax overhaul that many residents described as bombshell. Within hours of Monday's announcement, real estate agents across Seoul's most expensive neighborhoods said phones began ringing from owners asking whether they should accelerate planned sales or aba
August 4, 2026
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Summer visitors flock to Sanasa valley for relief from the heat
Summer visitors catch freshwater snails at Sanasa Valley in Yangpyeong, Gyeonggi Province, August 4, 2026.
August 4, 2026
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Summer visitors flock to Sanasa valley for relief from the heat
Summer visitors enjoy water play at Sanasa Valley in Yangpyeong, Gyeonggi Province, August 4, 2026.
August 4, 2026
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Summer visitors flock to Sanasa valley for relief from the heat
Summer visitors enjoy water play at Sanasa Valley in Yangpyeong, Gyeonggi Province, August 4, 2026.
August 4, 2026
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Summer visitors flock to Sanasa valley for relief from the heat
Summer visitors enjoy water play at Sanasa Valley in Yangpyeong, Gyeonggi Province, August 4, 2026.
August 4, 2026