Korean-French fusion and K-pop flair greet Macron couple in Seoul SEOUL, April 03 (AJP) - Winning over a French palate is no small task — even more so when the guests are the president of France and his wife. South Korea answered with a carefully staged blend of Korean tradition and French culinary technique at a state dinner hosted by President Lee Jae Myung for President Emmanuel Macron and Brigitte Macron on Thursday. Chef Son Jong-won, known for “Culinary Class Wars 2,” was brought in for the occasion, crafting a menu th April 3, 2026

Cheap drones reshape Iran war, raising risk of North Korea copycat SEOUL, April 03 (AJP) - Low-cost drones are rapidly redefining modern warfare in the Iran conflict, exposing a growing cost imbalance that could have direct implications for the Korean Peninsula. U.S. President Donald Trump has claimed Washington achieved most of its strategic objectives in the war, likening the 32-day campaign to major 20th-century conflicts. Yet the fighting has dragged on longer than expected, far from the swift outcome suggested in the early hours of the U.S.-Is April 3, 2026

Washington expands metal tariffs as weight thresholds trigger new duties SEOUL, April 03 (AJP) - Washington upended the global household appliance market Thursday (local time) by imposing a flat 25 percent tariff on metal-intensive goods, a move that places South Korea’s leading exporters in a defensive crouch just as a separate pharmaceutical trade wall begins to rise. The new policy, anchored in a Section 232 national security justification, targets any finished product where steel, aluminum, or copper accounts for more than 15 percent of the t April 3, 2026

South Korea to allow in-city tax refunds for cruise tourists starting April 6 SEOUL, April 03 (AJP) - Cruise tourists visiting South Korea will be eligible for in-city tax refunds starting April 6, allowing them to reclaim value-added tax (VAT) and other domestic taxes on purchases made at downtown duty-free shops, the Korea Customs Service said Friday. Under South Korea’s tax refund program, foreign visitors can receive refunds on VAT and individual consumption tax included in purchases made at designated duty-free stores when goods are confirmed for e April 3, 2026

Korea, France summits to work on normalizing Hormuz SEOUL, April 03 (AJP) -South Korean President Lee Jae Myung and French President Emmanuel Macron agreed Friday to strengthen cooperation in securing maritime shipping lanes in the Strait of Hormuz, as disruptions from the Middle East war continue to threaten global energy supply. Speaking at a joint press statement following their summit at Cheong Wa Dae, Lee said the two leaders aligned on a coordinated response to the economic and energy fallout from the conflict. &ldquo April 3, 2026

Seoul waives duties on freight surge to curb inflation spillover SEOUL, April 3 (AJP) — South Korea will waive customs duties on extraordinary freight cost increases for imports from the Middle East, as the crippling of the Strait of Hormuz threatens to spill into domestic prices and broader inflation. The emergency measure, announced Friday by the Ministry of Economy and Finance, allows companies to exclude surging shipping costs incurred from longer alternative routes when calculating import duties. The move comes as tanker freight r April 3, 2026

HD Korea Shipbuilding issues $1.57 bn in exchangeable bonds, sparking valuation re-rating hopes SEOUL, April 03 (AJP) - HD Korea Shipbuilding & Offshore Engineering has launched a 2.37 trillion won ($1.57 billion) exchangeable bond issuance targeting shares of its flagship subsidiary HD Hyundai Heavy Industries, a move analysts say could dismantle the holding company discount that has long weighed on its stock. The company disclosed the EB issuance on March 31, later revising the total from an initially announced 3.03 trillion won. The bonds are exchangeable into a 4.3 per April 3, 2026

Asian stocks rebound as Hormuz passage hopes ease war fears SEOUL, April 3 (AJP) — Asian markets continued to seesaw with each development in the Iran war, but moved higher in early Friday trading on rising hopes for the reopening of the Strait of Hormuz. Japan’s Nikkei 225 rose 1.08 percent to 53,029.41, while China’s Shanghai Composite Index edged up 0.21 percent to 3,927.59. Hong Kong’s Hang Seng Index was closed from Friday through April 6 for the Easter holiday. In Seoul, the benchmark KOSPI rebounded at the April 3, 2026

BTS to drop 'Come Over' on 'Arirang' deluxe vinyl SEOUL, April 03 (AJP) - BTS will release a new single, "Come Over," as part of a deluxe vinyl edition of its fifth studio album "Arirang," its agency BigHit Music said Friday. The deluxe LP will include all 14 tracks from the original album along with the new song, bringing the total to 15. The track will be available exclusively on the deluxe vinyl edition. Suga participated in producing the track, while RM and J-Hope are credited as songwriters. According April 3, 2026

Korea and France hold summit to elevate ties to strategic partnership SEOUL, April 03 (AJP) -South Korea and France are elevating bilateral ties to a “global strategic partnership” during French President Emmanuel Macron’s two-day state visit — his first to Korea since taking office in 2017 and the first by a French president in 11 years — which began Friday amid mounting geopolitical tensions. Macron arrived in Seoul on Thursday for a two-day visit following a trip to Japan, in what French officials described as an eff April 3, 2026