Latest
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Joint team unlocks engine of water anomalies as supercooled mystery dissolves
SEOUL, March 27 (AJP) - Water remains the only liquid on Earth that grows lighter as it freezes, a strange physical defiance that prevents the planet’s oceans and lakes from freezing into solid blocks of ice. By capturing the elusive liquid-liquid critical point of supercooled water, a joint research effort has finally explained the 4-degree density anomaly that has served as a biological necessity for life for millennia. The discovery provides the first experimental proof t
March 27, 2026
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Korean Inc. gloom deepens under war-driven scourges
SEOUL, March 27 (AJP) - Pessimism deepened across the Korean Inc. in March as businesses grappled with worsening trade conditions, a sharply weaker won and rising energy costs stemming from the monthlong conflict in the Middle East. According to the Bank of Korea on Friday, the all-industry composite business sentiment index (CBSI) stood at 94.1 in March, down 0.1 point from the previous month. A reading below 100 means pessimists outnumber optimists. The reading also fell far sh
March 27, 2026
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Nobel laureate Han Kang wins prestigious American literary award
SEOUL, March 27 (AJP) - Han Kang, South Korea's first Nobel laureate in literature, has won another prestigious award for her novel "We Do Not Part." Han took home an award at the annual awards ceremony of the National Book Critics Circle (NBCC) in New York on Thursday, which "presents awards for the finest books published in English in six categories" - fiction, nonfiction, biography, autobiography, poetry, and criticism. The fiction honor adds to her gro
March 27, 2026
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Foreign investors dumped nearly 20 trillion in South Korean stocks last month
SEOUL, March 27 (AJP) - Foreign investors offloaded nearly 20 trillion Korean won (US$12.98 billion) worth of South Korean shares last month, extending their selling streak to a second consecutive month, according to data released by the Financial Supervisory Service on Friday. Foreign investors net sold 19.56 trillion won worth of shares - including 19.31 trillion won on the benchmark KOSPI and 239 billion won on the junior KOSDAQ - resulting in a net outflow of 12.13 trillion
March 27, 2026
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INTERVIEW: AI may turn Korea's inward finance into strategic edge: Carstens
SEOUL, March 27 (AJP) - Unlike globally recognized industrial giants such as Samsung, LG and Hyundai, South Korea’s financial sector remains relatively underexposed overseas — yet its domestic orientation could become a strategic advantage in the era of artificial intelligence, a former top central banker said. Artificial intelligence is set to fundamentally reshape financial intermediation, from payments to supervision, according to Agustín Carstens, former g
March 27, 2026
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Samsung SDI to acquire stake in precursor maker Fino to secure battery supply chain
SEOUL, March 27 (AJP) - Samsung SDI is set to invest about 30 billion won ($19.8 million) in Fino, a South Korea-listed subsidiary of China's CNGR Advanced Material, as part of efforts to strengthen its battery materials supply chain. Fino released regulatory filing Thursday it had approved a rights issue of about 14.29 million new shares through a board resolution. Samsung SDI will subscribe to about 6.13 million shares, or about 40 percent of the offering, at an issue price of
March 27, 2026
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Seoul enforces ban on naphtha exports for 5 months amid supply crunch
SEOUL, March 27 (AJP) -South Korea will keep domestic naphtha at home after its shortage from the widened conflicts in the Middle East has crippled a cracking facility, sending downstream ripples across factory floors to plastic delivery bags and cartons. The Ministry of Trade, Industry and Energy on midnight Friday issued a gazette enforcing ban on naphtha exports immediately for five months as a part of a package of "wartime" measures that included deeper and longe
March 27, 2026
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Asian stocks fall on oil surge; Korea slides as "wartime" response fails to convince
SEOUL, March 26 (AJP) — Asian equities fell across the board Thursday as oil prices hovered near the $100-per-barrel threshold and geopolitical tensions deepened, with Seoul markets brushing off the government’s so-called “wartime” response. Despite tentative talk of an endgame to the Middle East conflict, markets showed little conviction. Risk aversion held firm across the region. Japan’s Nikkei 225 slipped 0.3 percent to 53,603.7, China’s S
March 26, 2026
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BTS comeback detonates across screens, streets and systems within a week
SEOUL, March 26 (AJP) — It has been barely a week since BTS dropped its first full-member studio album in six years and staged a comeback performance in downtown Seoul livestreamed to nearly 20 million viewers on Netflix — and the aftershock is already everywhere. The group has not paused for breath. Fans across the world are flooding platforms with dance challenges to the title track “SWIM,” its hypnotic hook now echoing from smartphones to city streets
March 26, 2026
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Nearly 800 cadets commissioned in Iksan
Iksan, March 26 (AJP) - About 788 cadets were commissioned as non-commissioned officers (NCOs) at a ceremony at a military academy in Iksan, North Jeolla Province on Thursday, after completing about 12 weeks of training. According to the army, it was the largest class in the past five years. Of the 788 newly commissioned NCOs, 579 were selected through a civilian recruitment program including 232 women, while 209 were former enlisted soldiers. The Army attributed the increase to
March 26, 2026