LG Electronics sells over 3 million washers globally SEOUL, March 24 (AJP) - The cumulative sales of LG Electronics' high-end washing machines have exceeded 3 million units, the home appliance giant said on Wednesday. Since its launch in the U.S. in September 2020, the Tromm WashTower, a washing machine that combines a washer and dryer in a single stacked unit, has been sold in about 77 countries, with some 1.2 million units sold in South Korea as of February. Buoyed by its energy efficiency and convenience, demand is risin March 24, 2026

KOSPI jumps as Iran strike fears ease, oil prices tumble SEOUL, March 24 (AJP) — South Korea’s benchmark KOSPI opened sharply higher on Tuesday upon expectation of a potential truce. Seoul’s main index rose 4.39 percent to 5,643.00 at the open, while the KOSDAQ gained 3.47 percent to 1,135.00. Gains later pared to around 2 percent as conflicting remarks from Washington and Tehran over a possible truce tempered early optimism. U.S. President Donald Trump delayed a potential strike on Iran by five days and signaled op March 24, 2026

Celltrion to invest 1.2 trillion won in new Songdo plant, expanding drug substance capacity to 571,000 liters SEOUL, March 24 (AJP) - Celltrion announced plans to invest about 1.23 trillion won ($821 million) to build two new drug substance manufacturing plants at its Songdo campus in Incheon, as it moves to meet rising global demand for its biosimilar and novel drug products. The new Plants 4 and 5 will add 180,000 liters of drug substance (DS) production capacity to Celltrion's existing network, the company said Tuesday. Combined with a separately announced expansion at its Branchb March 24, 2026

North Korea calls South Korea 'most hostile' SEOUL, March 24 (AJP) - North Korea called South Korea the "most hostile” country, vowing to maintain the country's status as a nuclear weapons state, state media reported on Tuesday. During a speech outlining policy priorities at the country's Supreme People's Assembly in Pyongyang the previous day, its leader Kim Jong-un said the country's nuclear status is irreversible and warned that any attempt by what he called "hostile forces" to infringe March 24, 2026

Korea's PPI extends gains for sixth month in Feb; war-driven pressure yet to hit SEOUL, March 24 (AJP) — South Korea’s producer prices rose for a sixth straight month in February, as higher energy and commodity costs lifted input prices across the board, pointing to building import-driven inflation pressure even before the full impact of war-related shocks. The producer price index (PPI) stood at 121.36 (2020=100) in February, up 0.6 percent from a month earlier, according to preliminary data released by the Bank of Korea (BOK) on Tuesday. On a March 24, 2026

OPINION: BTS concert proves live stage power in AI age Last weekend’s BTS live show swept South Korea into a rare, collective high. Staged in central Seoul’s Gwanghwamun and livestreamed globally on Netflix, the concert reached 300 million viewers across the world — a simultaneous celebration of BTS and a showcase of Seoul itself. Beyond the spectacle, the group’s first full reunion performance in nearly four years underscored a deeper shift: live events are emerging as K-pop’s most powerful growth March 24, 2026

Samsung Electronics and union reopen talks, strike risk lingers SEOUL, March 23 (AJP)-Management at Samsung Electronics and its labor union held an unexpected executive-level meeting Monday, signaling a possible thaw in tensions after the union abruptly canceled a planned rally outside Chairman Lee Jae-yong’s residence. Vice Chairman Jun Young-hyun, who leads the critical Device Solutions (DS) division, met a four-member delegation from a joint protest committee that includes representatives of the National Samsung Electronics Union (NSE March 23, 2026

KOSPI suffers one of biggest routs as Trump ultimatum rattles Asian markets SEOUL, March 23 (AJP) - The Seoul bourse suffered one of its steepest selloffs Monday as a sharp risk-off wave swept across Asia after U.S. President Donald Trump issued a 48-hour ultimatum to Iran, prompting heavy foreign outflows and broad-based selling. The rout came as escalating tensions in the Middle East stoked fears of disruptions to global energy supply routes, particularly the Strait of Hormuz, a chokepoint for about 20 percent of the world’s seaborne oil. The U March 23, 2026

BTS is officially back, but Hybe stock plunges nearly 16% SEOUL, March 23 (AJP) - BTS may have returned in full force, but investors were in no mood to celebrate. Despite the group’s highly publicized comeback spectacle in Seoul’s Gwanghwamun on Saturday, distributed globally through Netflix, and the release of its first studio album in six years, Hybe shares tumbled sharply on Monday, the first trading session after the official return. Hybe closed down 15.55 percent at 290,500 won, a much steeper fall than the benchmar March 23, 2026

About 1 in 4 NK defectors show chromosomal anomalies; no proven radiation link SEOUL, March 23 (AJP) - Roughly one in four North Korean defectors who lived near the country’s main nuclear test site has shown signs of chromosomal abnormalities potentially consistent with radiation exposure, the Unification Ministry said Monday, while stressing that no causal link has been established. The findings are based on 2024 tests conducted by the National Radiation Emergency Medical Center under the Korea Institute of Radiological and Medical Sciences. The study e March 23, 2026