Latest
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Ex-military intelligence chief sentenced to two years in prison over martial law involvement
SEOUL, December 15 (AJP) - Noh Sang-won, former chief of South Korea's military intelligence unit, was sentenced to two years in prison on Monday for privacy violations and other charges related to disgraced former President Yoon Suk Yeol's botched martial law debacle last year. The Seoul Central District Court found Noh guilty of gathering personnel information as well as accepting bribes. He was also fined 24.9 million Korean won (US$17,000). It was the first verdict
December 15, 2025
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Korean memory giants ready for 2026 peak as HBM boom spills into commodity DRAM
SEOUL, December 15 (AJP) - As Big Tech accelerates the next phase of AI infrastructure — with Google challenging Nvidia through in-house chip design and foundation models like Gemini scaling rapidly — the repercussions are becoming systemic for South Korea’s memory industry. Investment banks now project that Samsung Electronics and SK hynix could together generate close to 200 trillion won in operating profit in 2026, an income pool equivalent to roughly 27 percent
December 15, 2025
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Asian stocks slide on AI bubble fears, Fed uncertainty
SEOUL, December 15 (AJP) - Asian equity markets fell broadly on Monday, pressured by growing skepticism over artificial intelligence-driven growth and renewed uncertainty about the future path of U.S. monetary policy. The sell-off reflected concerns that investor enthusiasm for AI-related stocks may be running ahead of fundamentals. Market uncertainty was compounded by reports that the Trump administration is considering Kevin Warsh, viewed as dovish, as the next chair of the U.S.
December 15, 2025
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K-Content in 2025: The year animation won — but largely without Korea
SEOUL, December 15 (AJP) - Animation was the biggest winner in Korea's film and streaming market in 2025 — a year otherwise marked by stagnation — but much of that success bypassed Korean creators. Japanese R-rated animated films dominated domestic box offices, while local streaming releases struggled to gain traction against international blockbusters such as "KPop Demon Hunters." Industry observers warn that if Netflix's reported pursuit of Warner
December 15, 2025
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Snowfall delights winter sports enthusiasts
SEOUL, December 15 (AJP) - Heavy snowfall blanketed the mountainous regions of Gyeonggi and Gangwon in South Korea over the weekend, drawing crowds of citizens to local ski resorts. Visitors capitalized on the fresh powder, engaging in popular winter sports like skiing and snowboarding to fully embrace the season.
December 15, 2025
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FM offers condolences to victims of shooting rampage in Sydney
SEOUL, December 15 (AJP) - Foreign Minister Cho Hyun expressed condolences to the victims and their families of a shooting rampage in Sydney, Australia over the weekend. "I am deeply saddened by the tragic loss of lives in the terrorist attack at Bondi Beach," Cho wrote on X on Monday, adding, "I extend my heartfelt condolences to the victims, their families, and the people of Australia." Cho stressed that terrorism is an "inhumane, anti-civilization cr
December 15, 2025
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Lee, Laotian president agree to strengthen bilateral partnership
SEOUL, December 15 (AJP) - President Lee Jae Myung met with visiting Laotian President Thongloun Sisoulith in Seoul on Monday. During their summit at the presidential office in Yongsan, Seoul, the two leaders agreed to elevate their bilateral relationship to a comprehensive partnership, as the two countries mark 30 years of diplomatic relations. "Trade and investment have grown remarkably since 1995, with bilateral trade increasing 20-fold," Lee said, adding that mu
December 15, 2025
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Samsung Heavy secures key certification for 'floating nuclear reactor' design
SEOUL, December 15 (AJP) - Samsung Heavy Industries said on Monday it has received preliminary certification for its floating nuclear power platform equipped with small modular reactors, marking a key step in its push into the emerging maritime nuclear energy market. The American Bureau of Shipping (ABS) granted Approval in Principle (AIP) for Samsung Heavy’s Floating Small Modular Reactor (FSMR) design, which incorporates two SMART 100 reactors developed by the Korea Atom
December 15, 2025
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CJ Olive Young tops Korea's most-wanted employers list, survey shows
SEOUL, December 15 (AJP) - CJ Olive Young has emerged as South Korea’s most sought-after employer in 2025, overtaking technology heavyweights SK hynix and Naver, according to a survey released by local recruitment platform Catch on Saturday. The survey, which polled 3,079 job seekers and employees nationwide, found that 20 percent of respondents selected CJ Olive Young as the company they most want to join. The beauty retailer climbed two spots from last year’s third p
December 15, 2025
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Game developer Netmarble appoints new head for Japanese unit
SEOUL, December 15 (AJP) - South Korean game developer Netmarble appointed Kim Do-hyung as CEO of its Japanese subsidiary, Netmarble Japan, as it seeks to accelerate growth and diversify revenue in one of its key overseas markets. Kim is a veteran of the Japanese intellectual property (IP) sector, with experience dating back to the early 1990s in introducing Japanese game and manga IPs to South Korea. He has been involved in developing online games such as SD Gundam Capsule Figh
December 15, 2025