KB Financial pivots to artificial intelligence to lead Asian banking

Editor's Note: This article is the 36th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, September 18 (AJP) - South Korea’s largest financial group is making a high-stakes wager on artificial intelligence, betting that the technology will reshape the future of banking in Asia and cement its dominance in the region’s fast-changing financial

September 18, 2025

Georgia immigration raid prompts calls for special visa program for South Korean workers

SEOUL, September 18 (AJP) - Despite Seoul's massive $350 billion investment pledge to Washington, a sweeping U.S. immigration raid early this month led to the detention of hundreds of South Koreans working at a joint electric vehicle battery plant under construction in Georgia. The incident severely disrupted South Korean companies' plans to send skilled workers to the U.S. for productivity and quality control. The raid underscores the need for clear and consistent v

September 18, 2025

Korea's drug crisis spikes, treatment gap widens

SEOUL, September 18 (AJP) - South Korea, once hailed as drug-free, is confronting a fast-rising drug crisis with young adults most affected and treatment systems lagging to raise long-term public health concerns. From January through August, authorities confiscated 2,810 kilograms of illegal drugs — 3.5 times the 787 kilograms seized in all of 2024, Democratic Party lawmaker Chung Il-young said Thursday, citing data from the Korea Customs Service. The haul, equivalent to a

September 18, 2025

Samsung Electronics will receive $250 million grant from Texas

SEOUL, September 18 (AJP) - Samsung Electronics will receive a $250 million grant from the state of Texas to support its semiconductor expansion, Governor Greg Abbott announced Wednesday (local time). The funds, allocated from the Texas Semiconductor Innovation Fund, are separate from the $4.7 billion in federal aid Samsung secured last year under the CHIPS Act. The new grant was announced after Abbott met with Kyung Kye-hyun, Samsung’s vice chairman, in Austin on Sept.

September 18, 2025

Son Heung-min nets hat trick for LAFC

SEOUL, September 18 (AJP) - Son Heung-min, who made his Major League Soccer (MLS) debut with Los Angeles FC (LAFC) last month, scored his first hat trick, leading his team to a 4-1 victory in an away match against Real Salt Lake in Utah on Wednesday. His first goal came just 3 minutes into the game, followed by another goal in the 16th minute. Son then completed his hat trick in the 82nd minute, sliding in to finish a pass from fellow Denis Bouanga. Having done his part brillia

September 18, 2025

Lotte Card data breach exposes information of nearly 3 million customers

SEOUL, September 18 (AJP) - South Korea’s Lotte Card said Thursday that nearly one-third of its customers were affected by a major data breach stemming from a hacking attack in August. At a press conference in Seoul, CEO Cho Jwa-jin confirmed that the personal information of 2.97 million members was compromised in the Aug. 14 incident. “We sincerely apologize to our customers and relevant authorities for causing great concern,” Cho said. The leaked data was ti

September 18, 2025

Trump, Xi expected to meet at upcoming APEC summit in Gyeongju

SEOUL, September 18 (AJP) - All eyes around the world are expected to be on South Korea's historic city of Gyeongju next month, as U.S. President Donald Trump and Chinese President Xi Jinping are both expected to attend the Asia-Pacific Economic Cooperation (APEC) summit. While neither side has been officially confirmed, their attendance at the multilateral gathering scheduled for Oct. 31 to Nov. 1 appears almost certain. During a conference in central Seoul on Wednesday, Act

September 18, 2025

Senior Ukrainian officials visit HD Hyundai for post-war reconstruction talks

SEOUL, September 18 (AJP) - A delegation of top Ukrainian government officials visited HD Hyundai's facilities this week to advance collaboration on post-war reconstruction, the company said Thursday. The visit was part of a larger construction machinery training program for Ukrainian officials organized by the Korea Construction Equipment Manufacturers Association and the Korea Construction Equipment Technology Institute. The delegation included key figures like Deputy M

September 18, 2025

Gmarket-Aliexpress merger gets conditional approval from anti-trust regulator

SEOUL, September 18 (AJP) - South Korea’s Fair Trade Commission (FTC) has conditionally approved the high-profile merger between an affiliate of Shinsegae Group and Chinese e-commerce powerhouse Alibaba Group's Korean unit. On Thursday, the commission announced its decision to greenlight the merger of Shinsegae affiliate Gmarket and Alibaba's AliExpress Korea, but only under strict conditions designed to prevent the two companies from sharing consumer data and to e

September 18, 2025

OPINION: China keeps 'doing right thing'

SEOUL, September 18 (AJP) - Recent surveys by multiple international polling agencies show that global public opinion toward China continues to improve, with the country's image gaining wider recognition around the world. This growing recognition reflects China's commitment to "doing the right thing"

September 18, 2025