Prosecutors raid Korea Zinc, brokerages in expanding stock issuance probe

SEOUL, November 04 (AJP) - South Korean prosecutors carried out additional raids on Korea Zinc and securities firms involved in the company’s stock issuance plan, widening an investigation into alleged violations of capital market laws. A joint investigation team of the Seoul Southern District Prosecutors’ Office, led by Chief Prosecutor Kim Jin-ho, searched Korea Zinc’s headquarters and other locations on Tuesday, seizing computers and internal records. Inv

November 4, 2025

Former President Moon Jae-in to promote his bookstore on YouTube

SEOUL, November 4 (AJP) - Former President Moon Jae-in is planning to appear on a YouTube channel to promote his bookstore, a former close aide revealed in a radio program on Tuesday. Tak Hyun-min, Moon's former protocol secretary and now a professor at Mokpo National University, said that Moon is preparing to share his thoughts and connect with followers on the channel, where he will appear regularly along with Tak to introduce a couple of books each week. Episodes on the

November 4, 2025

POST-APEC: Korea gains major traction in AI push with Nvidia backing

SEOUL, November 04 (AJP) - South Korea — once considered a latecomer in the race to artificial intelligence — has rapidly gained global momentum by leading regional governance discussions and securing tens of billions of dollars in investment tied to next-generation chips, hyperscale data centers, and physical AI infrastructure. Its hosting of the APEC Summit and CEO meetings served as a global stage, pulling in top players such as OpenAI, Nvidia, Samsung Electronics, an

November 4, 2025

Dismantling work begins on South Korea's long-shuttered nuclear reactor

SEOUL, November 04 (AJP) - Doosan Enerbility has begun dismantling South Korea’s first commercial nuclear reactor, which was shut down in 2017. The company said on Tuesday that it signed a contract with Korea Hydro & Nuclear Power to remove non-controlled area facilities at the Kori Unit 1 plant, located near the southeastern city of Busan. The project represents the first phase of dismantling Kori Unit 1, which began operations in 1978 and was permanently shut down

November 4, 2025

HOT STOCK: Samsung SDI shares jump on report of Tesla battery deal

SEOUL, November 04 (AJP) - Shares of Samsung SDI climbed more than 4 percent in afternoon trading on Tuesday following a news report that the South Korean battery maker may supply more than 3 trillion won ($2.08 billion) worth of energy-storage system batteries to Tesla over the next three years. As of 2:20 p.m. in Seoul, Samsung SDI’s stock was up 4.1 percent at 340,500 won, extending gains after the report circulated in local media. The company, a unit of Samsung Group, de

November 4, 2025

Unification minister sends condolences to former North Korean figurehead

SEOUL, November 4 (AJP) - Unification Minister Jeong Dong-young on Tuesday expressed condolences over the death of North Korea's former perennial nominal head of state Kim Yong-nam. In a statement, Jeong said, "We express our condolences over Kim's death and extend our deepest sympathies to his family on behalf of the government," adding that Kim had led the North Korean delegation to the 2018 Pyeongchang Winter Olympics, contributing to inter-Korean dialogue. J

November 4, 2025

South Korea's Samsung Biologics hits record $4 billion in annual orders

SEOUL, November 04 (AJP) - Samsung Biologics said on Tuesday that it has surpassed last year’s total orders, securing 5.5 trillion won (about $4 billion) in contracts so far this year — the highest annual performance since the company was founded. The announcement came as the South Korean biopharmaceutical manufacturer disclosed a new 275.9 billion won deal with a European drugmaker, adding to a string of large contracts signed in 2024. The company has completed eigh

November 4, 2025

OPINION: Greece and Korea: A living dialogue between civilizations

SEOUL, November 04 (AJP) - Throughout history, countless thinkers and philosophers have drawn inspiration from ancient Greece. Among them, Johann Wolfgang von Goethe (1749–1832) held a lifelong admiration for Greek civilization, seeing in its art, philosophy, and culture the supreme ideals of beauty, harmony, and humanity. He once proclaimed, “Become like the Greeks! They lived divinely.” Ins

November 4, 2025

South Korea's Naver forms strategic partnership with Spotify

SEOUL, November 04 (AJP) - South Korea's Naver said Tuesday it has entered into a strategic partnership with Spotify to bring the global streaming platform’s vast library of music and podcasts to more users across Naver’s digital ecosystem. The collaboration aims to integrate Spotify’s catalog — which includes more than 100 million songs and 7 million podcasts — into Naver’s suite of services, allowing users to more easily enjoy audio co

November 4, 2025

Asian markets mostly subdued amid mixed economic signs

SEOUL, November 04 (AJP) - Asian markets were broadly muted on Tuesday as South Korea and Japan paused after nearly a week of uninterrupted gains, while Chinese equities traded flat amid conflicting economic signals. South Korea’s KOSPI slipped 0.7 percent to 4,192.20 in early trading as investors locked in profits following a sharp rally in large-cap semiconductor stocks. Foreign investors sold 701.2 billion won, while domestic institutions offloaded 207.9 billion won. Tec

November 4, 2025