BTS's RM to speak at APEC CEO Summit this week

SEOUL, October 27 (AJP) - RM, the leader of K-pop juggernaut BTS, will deliver a keynote speech at the CEO Summit on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju this week. Although specific details remain under wraps, he is scheduled to speak for about 10 minutes on Wednesday, focusing on the country's soft power and how cultural creativity can nurture local industries. Over 1,700 global business leaders, includi

October 27, 2025

South Korea, Saudi Arabia deepen ties in shipbuilding, automobiles, AI under Vision 2030

SEOUL, October 27 (AJP) - South Korea and Saudi Arabia agreed on Monday to expand cooperation across a range of industries — including shipbuilding, automobiles, and artificial intelligence — as the two nations seek to strengthen ties aligned with Riyadh’s Vision 2030 initiative. Moon Shin-hak, South Korea’s deputy minister of trade, industry and energy, met with Abdullah bin Ali Al-Ahmari, Saudi Arabia’s deputy minister of industry and mineral re

October 27, 2025

Korea-France Space Forum highlights growing partnership in space exploration

SEOUL, October 27 (AJP) - Government officials, scientists, and industry leaders from South Korea and France gathered in Seoul on Monday for the fifth Korea-France Space Forum, underscoring the two nations’ expanding collaboration in space exploration and technology. Held at the Four Seasons Hotel, the forum brought together representatives from the Korea Space Agency and France’s National Centre for Space Studies, known as CNES, as well as executives from major aero

October 27, 2025

Kevin Kim appointed acting US envoy to Seoul

SEOUL, October 27 (AJP) - Kevin Kim, a senior official in the U.S. State Department, "has been appointed Chargé d'Affaires, ad interim," the U.S. Embassy in Seoul said in press release on Monday. Kim "previously served as senior bureau official for the Bureau of East Asian and Pacific Affairs and deputy assistant secretary for Japan, Korea, and Mongolia," it said, adding that he will work with embassy staff and the South Korean government to

October 27, 2025

KOSPI breaks 4,000 for first time in 45 yrs, Nikkei also at historic high

SEOUL, October 27 (AJP) - Korean and Japanese stock markets celebrated historic milestones Monday, with both the KOSPI and Nikkei breaking past symbolic thresholds for the first time in their histories. The KOSPI jumped 2.3 percent to 4,032.49 around midday, topping the 4,000 mark for the first time in its 45-year history. Bellwethers Samsung Electronics and SK hynix led the charge, each hitting record levels — 100,000 won ($70) and 500,000 won, respectively. Advancers outn

October 27, 2025

Korean crypto platforms under scrutiny for ties to sanctioned Cambodian exchange

SEOUL, October 27 (AJP) - South Korean cryptocurrency exchanges have been drawn into a widening money-laundering network tied to North Korean hackers, with transactions flowing through a Cambodian exchange under U.S. sanctions surging nearly 1,400-fold in a year, government data show. According to figures submitted to lawmakers by the Financial Supervisory Service, the total volume of cryptocurrency traded between South Korea’s five largest exchanges — Upbit, Bithumb

October 27, 2025

'Sticking points' still remain in trade negotiations with US ahead of Trump visit, Lee says

SEOUL, October 27 (AJP) - South Korea remains "stuck on key points" over the details of the country's investment pledge to the U.S., President Lee Jae Myung said in an interview with Bloomberg conducted last Friday and released on Monday. The pledge was part of a broader trade deal last July, in which Seoul agreed to invest US$350 billion in the U.S. in return for lowering reciprocal tariffs from 25 percent to 15 percent, but the two sides have remained deadlocked over

October 27, 2025

South Korean institute to collaborate with University of Missouri on atomic energy

SEOUL, October 27 (AJP) - The Korea Atomic Energy Research Institute and the University of Missouri have signed a five-year agreement to deepen cooperation in nuclear research and development, South Korea’s Ministry of Science and ICT said Monday. The agreement, signed at the institute’s headquarters in Daejeon, establishes a framework for joint research, personnel exchanges, and shared use of facilities. The two institutions will collaborate in six key areas: reacto

October 27, 2025

Defense chiefs of South Korea, US to hold annual security talks in Seoul next week

SEOUL, October 27 (AJP) - South Korean and U.S. defense chiefs will meet in Seoul next week. According to the Ministry of National Defense, Defense Minister Ahn Kyu-back will hold talks with U.S. Secretary of War Pete Hegseth for their annual Security Consultative Meeting (SCM) in Seoul on Nov. 4. The working-level talks between the two, which will cover key military policies and security issues, mark the first such meeting since the new administrations of both countries took offi

October 27, 2025

Hyundai Motor expands ties with Japan's Toray to develop future mobility technologies

SEOUL, October 27 (AJP) - Hyundai Motor Group said Monday it has signed an agreement with Japan’s Toray Group to collaborate on the development of advanced materials for next-generation mobility, from high-performance vehicles to lunar rovers and humanoid robots. The agreement was formalized at Hyundai’s headquarters in Seoul, with Kim Heung-soo, Hyundai’s head of global strategy, and Terada Miki, Toray’s senior executive vice president, in attendance.

October 27, 2025