[South Korea-Japan Ties] Food makers set sights on Japan to conquer global palates

Editor's Note: Aju Business Daily is publishing a special series to mark the 60th anniversary of the normalization of diplomatic ties between South Korea and Japan. The series reflects on the renewed relationship between the two neighbors. SEOUL, September 30 (AJP) - With South Korean cuisine's growing global appeal, Japan is emerging as the next key market for its further growth. According to a report released by the Ministry of Agriculture, Food and Rural Affairs on Mon

September 30, 2025

Korea unsure about a currency swap tied to trade deal with US-security adviser

SEOUL, September 30 (AJP) - South Korea is not "optimistic" about securing a currency swap agreement as a safeguard for the pledged $350 billion investment to the United States, according to Seoul's top security official, who nevertheless expected a trade deal to lower tariffs for Korean exports to eventually come through. "Our government has suggested a currency swap line, but it will not be easy, given precedent in how the U.S. has handled such arrangement

September 30, 2025

OPINION: Robo-taxis promise change. But do they deliver progress?

Innovation has become one of the most abused words in our collective vocabulary. Every new app, gadget or piece of software is branded as revolutionary, as if the mere act of introducing technology were synonymous with progress. Robo-taxis, for instance, are being touted as the future of urban mobility. But let’s be clear: simply rolling out driverless cars is not innovation. Real innovation does not mean discarding the old for the shiny and new. It means expandin

September 30, 2025

Lee travels to Busan for talks with outgoing Japanese PM

SEOUL, September 30 (AJP) - President Lee Jae Myung is holding talks with outgoing Japanese Prime Minister Shigeru Ishiba in Busan on Tuesday. The two leaders will discuss expanding cooperation in areas such as declining population and regional development as well as advanced technologies like artificial intelligence (AI) and hydrogen energy. Although not on the official agenda, South Korea's stalled tariff negotiations with the U.S. are also likely to be discussed, given t

September 30, 2025

Major battery pack fires pose setback to Korean battery makers' ESS bet

SEOUL, September 29 (AJP) - A fire from an aging lithium battery storage system that triggered a nationwide disruption of South Korea’s electronic public services has cast a shadow over its maker, LG Energy Solution (LGES), and the government’s renewable transition drive centered on energy storage systems (ESS). LGES, the country’s top battery producer, has been betting heavily on ESS to offset a slowdown in electric vehicle demand. According to Mirae Asset Securit

September 29, 2025

PHOTOS: In memory of Japan's forced mobilization victims

SEOUL, September 29 (AJP) - South Korea held simultaneous memorial services in Seoul and Busan to honor Koreans who were conscripted into forced labor under Japanese colonial rule. At the ceremonies, religious leaders from Buddhism, Catholicism and Protestant Christianity offered rites of comfort to the victims and their families. Officials, civic leaders and ordinary citizens laid flowers and burned incense, while a student choir and traditional musician Oh Jung-hae p

September 29, 2025

'Sarang' festival returns for 11th year, celebrating India–Korea friendship

SEOUL, September 29 (AJP) - The word "sarang" carries two meanings: in Korean, it means "love," and in Hindi it conveys "colorful and diversity." Organizers of the annual Festival of India in Korea said Monday that the dual meaning reflects the event's role as a bridge of friendship and cultural understanding between India and South Korea. Speaking at a press conference in Seoul on September 29, Nishi Kant Singh, Deputy Chief of Mission and Charg&

September 29, 2025

KOSPI bull run, recent IPO wins may spark 4Q rush led by K Bank

SEOUL, September 29 (AJP) - K Bank is poised to file for its third initial public offering (IPO) prospectus early next month, potentially triggering a flurry of delayed listings in the fourth quarter as Korea's equity market is expected to sustain a bullish rally through year-end. The eight-year-old online-only bank — Korea's first of its kind — had pledged its investors of a 1.15 trillion won rights offering in 2021 to complete its KOSPI debut by July 2026. Fa

September 29, 2025

Seoul Mayor apologizes after ferry service halted amid technical glitches

SEOUL, September 29 (AJP) - Seoul Mayor Oh Se-hoon apologized on Monday for halting a water ferry service along the Han River, just 10 days after its bombastic launch. During a press conference, he expressed "regret for causing inconvenience" to users due to the halt, just ahead of Chuseok, the country's biggest holiday, ruining many holidaymakers' plans to ride the ferry dubbed the "Hangang Bus." Citing minor defects that disrupted the eco-friendly fe

September 29, 2025

S. Korea launches alliance to lead in 'Physical AI' with backing from BlackRock

SEOUL, September 29 (AJP) - South Korea unveiled a new initiative on Monday aimed at securing a lead in what it calls “physical artificial intelligence,” a field that integrates advanced computing with the physical world, from robotics to autonomous vehicles. The Physical AI Global Alliance, as the project is known, is supported by a multibillion-dollar investment commitment from BlackRock, the American asset management firm, and forms part of the government’s

September 29, 2025