Hot Stock: KAI defies market rout as KF-21 rollout fuels defense rally SEOUL, March 26 (AJP) -Shares of Korea Aerospace Industries (KAI) bucked a broad market selloff Thursday, riding a surge of investor optimism tied to the rollout of South Korea’s first mass-produced KF-21 fighter jet and rising expectations for arms demand amid expanding Middle East conflicts. While the wider market reeled, KAI climbed. The stock extended its recent rally, gaining for a second straight session and closing at 188,000 won, up 1.6 percent on the day — a March 26, 2026

North Korea, Belarus seal closer axis in Pyongyang summit SEOUL, March 26 (AJP) -North Korea has drawn Belarus further into its orbit, formalizing ties along a likeminded axis of sanctioned states aligned with Russia. Belarusian President Alexander Lukashenko received an enthusiastic welcome from North Korean leader Kim Jong-un during his first two-day visit to Pyongyang, according to state media from both countries, as the two leaders moved to upgrade relations into what they called a “new stage.” The two strongmen — March 26, 2026

South Korea Supreme Court overturns 2021 ruling dismissing forced labor claims SEOUL, March 26 (AJP) - South Korea’s Supreme Court belatedly confirmed Thursday that it has dismissed and ordered a retrial of a lower court decision that rejected a collective damages suit against Japanese companies filed by victims of wartime forced labor during World War Two. The Supreme Court said that on Feb. 12 that it upheld an appellate court decision overturning the Seoul Central District Court’s dismissal of the case. The proceedings date back to 2015 when March 26, 2026

Annual sports-themed show awes visitors with cutting-edge technologies SEOUL, March 26 (AJP) - The annual sports-themed trade show is taking place at COEX in southern Seoul this week. The Seoul International Sports & Leisure Industry Show (SPOEX), South Korea's largest and one of Asia's biggest exhibitions where sports, technology, and industry converge, kicked off on Thursday and runs until this weekend. This year's event brought together around 300 domestic and international companies, offering a comprehensive platform that goes be March 26, 2026

BTS may be offstage, but Seoul still hums SWIM SEOUL, March 26 (AJP) -The concert is over, but Seoul has yet to come down from the high of BTS. At the courtyard of MMCA Seoul, the “Love Quarter” still pulses with the afterglow of the group’s comeback, its energy spreading in gentle waves. Inside the blue “BTS Sound Cube,” BTS’ new song “SWIM” plays as ribbons flutter in the wind like water in motion. Stepping into the installation, visitors are invited to feel the music not ju March 26, 2026

More workers to get day off as Labor Day set to become public holiday SEOUL, March 26 (AJP) - A bill to designate Labor Day as a statutory public holiday passed a committee in the National Assembly on Thursday. If it clears the remaining legislative steps including Cabinet approval, May 1 will be observed as a public holiday, taking effect this year. Labor Day was made a paid holiday in 1994, but public officials, teachers, and platform workers such as deliverymen have not been able to take the day off because they are not classified as employees u March 26, 2026

South Korean ships can pass through Strait of Hormuz only with prior consultation, Iranian envoy says SEOUL, March 26 (AJP) - South Korean ships can pass through the Strait of Hormuz, but "only with prior consultation" with Tehran, Iran's top envoy said on Thursday. At a press conference at the Iranian Embassy in Yongsan, Seoul, Iranian Ambassador to South Korea Saeed Koozechi said there have been no safety concerns so far involving South Korean vessels or crew members, adding that the foreign ministers and embassies of both countries are "communicating smoothly&q March 26, 2026

Korean game publishers play it safe as AI reshapes industry fault lines SEOUL, March 26 (AJP) - South Korea's major game publishers are sticking to safer bets — stable leadership and proven revenue drivers — as they navigate the uncharted waters of artificial intelligence. A wave of executive reappointments during this year's shareholder season reflects that caution. Krafton renewed the terms of Chairman Chang Byung-gyu and CEO Kim Chang-han for a third consecutive term, while Nexon retained CEO Lee Jung-hun after posting a record 4. March 26, 2026

Uzbekistan's business climate signals decoupling from historical stagnation as demand surges SEOUL, March 26 (AJP) - The Center for Economic Research and Reforms in Uzbekistan reported Wednesday that the national business climate reached 65 points in February 2026, an 11-point increase over the previous year. This shift signals a significant decoupling from historical stagnation, marking a fundamental transition in how the private sector navigates the regional economy. The acceleration aligns with a broader macroeconomic surge shown by data from the Statistics Agency of U March 26, 2026

Seoul deploys "wartime" policy arsenal to fight Gulf shockwaves SEOUL, March 26 (AJP) -South Korea is deploying “all possible” fiscal and policy tools — including a supplementary budget of around 25 trillion won ($18.7 billion), expanded fuel tax cuts and market stabilization measures — as it moves into what the government described as a “wartime” economic response to the prolonged Middle East conflict. “In the face of a grave wartime situation, we will mobilize all policy means and the optimal mix to e March 26, 2026