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  KOSPI extends rally, hitting new milestone SEOUL, April 28 (AJP) - South Korea's benchmark KOSPI closed Tuesday at a new high after testing a new milestone as the sole winner in Asia. The main bourse added 0.4 percent to finish at 6,641.02 points after climbing as high as 6,712.73, extending its winning streak to a seventh consecutive session. Institutional investors purchased 351.1 billion Korean won (US$270 million) worth of shares, while foreign and retail investors sold 184.5 billion won and 130.3 billion won, res April 28, 2026
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  K-pop girl band Le Sserafim releases world tour schedule as group targets European debut SEOUL, April 28 (AJP) - K-pop girl band Le Sserafim will perform 32 shows across 23 cities starting this July, including the first solo European concerts for the K-pop group, the five-member group's agency Source Music said Tuesday. The tour begins in the western port city of Incheon on July 11 and travels through Japan and the United States before reaching five cities in Europe this October. The expansion into Europe follows a year of commercial growth where the group was r April 28, 2026
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  Hanwha's MASGA mission: one regulatory win but hurdles remain SEOUL, April 28 (AJP) - Hanwha Ocean, the South Korean caretaker of the “MASGA” (Make American Shipbuilding Great Again) initiative, is doubling down on its U.S. push after securing a key shipbuilding certification for its Philadelphia yard but faces a regulatory marathon in the United States. The company is accelerating efforts to develop the Philadelphia Shipyard — acquired at the end of 2024 — into a local production hub, positioning it as the centerpiec April 28, 2026
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  Former first lady's sentence increased to four years in prison on appeal SEOUL, April 28 (AJP) - Former first lady Kim Keon Hee was sentenced on Tuesday to four years in prison on multiple charges in an appellate ruling, more than twice the 20-month sentence handed down in the first trial. In a televised verdict, the Seoul High Court in southern Seoul found her guilty of accepting luxury handbags and jewelry in return for favors from secretive religious sect Unification Church, better known as the Moonies, as well as involvement in stock manipulation, am April 28, 2026
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  Kookmin University holds inaugural DBEW international design awards in Milan SEOUL, April 28 (AJP) - Kookmin University and the Association for Industrial Design hosted the first Design Beyond East & West Award ceremony at the ADI Design Museum on April 21, coinciding with the opening of Milan Design Week, the prominent South Korean university said Tuesday. The international competition received over 800 entries from 44 countries, focusing on creative design education and outcomes for the future society in the age of artificial intelligence. Unlike tra April 28, 2026
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  Minsky moment looming for Korea's financial sector SEOUL, April 28 (AJP) — Loose liquidity binges tend to end in a Minsky moment — the payback for easy gains. For South Korea’s financial sector, that moment may be inching closer, as a domestic slowdown, supply-side inflation and accumulated leverage begin to converge. Delinquency rates are rising with unusual speed. The country’s five largest commercial banks reported an average delinquency rate of 0.4 percent for the first quarter of 2026, up from 0.34 April 28, 2026
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  Netflix wins tax battle in Seoul to pay little despite massive revenue in Korea SEOUL, April 28 (AJP) - A South Korean court ruled in favor of Netflix, ordering tax authorities to refund most of the roughly 80 billion won ($58 million) it had imposed on the global streaming giant, in a decision that underscores the limits of taxing cross-border digital services. The Seoul Administrative Court sided with Netflix Services Korea in a lawsuit filed in November 2023 seeking to cancel 76.2 billion won of the total tax assessment following a probe into its income. April 28, 2026
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  Google DeepMind chief meets South Korean business leaders to expand AI cooperation SEOUL, April 28 (AJP) - Demis Hassabis, CEO and co-founder of Google DeepMind, held a series of meetings in Seoul on Tuesday with the heads of major South Korean conglomerates including Hyundai Motor and LG Group, according to industry sources. Hassabis reportedly met with Hyundai Motor Chairman Chung Eui-sun earlier in the day and later met with LG Group Chairman Koo Kwang-mo to discuss cooperation aimed at expanding partnerships in artificial intelligence (AI)-related areas. Ha April 28, 2026
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  Uzbekistan's tax revenues jump 54 percent as regional business activity accelerates SEOUL, April 28 (AJP) - Uzbekistan tax revenues surged 54 percent in the first quarter of 2026 compared to the same period last year, driven by a sharp uptick in provincial commercial activity and property-related receipts. This jump in tax revenues indicates that Uzbekistan's fiscal reforms are effectively capturing a much larger share of domestic wealth, transforming a previously informal economy into a transparent and sustainable national budget. Figures released by the Cen April 28, 2026
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  The young are not resting, but unfound: Job fair in Seoul SEOUL, April 28 (AJP)-The so-called "resting" young people under 30 numbered 402,000, and the unemployment rate of the young cohort hit 7.4 percent as of March even as the overall employment rate neared 70 percent in South Korea. The spring has failed to arrive for the young jobseekers. The government and business groups opened the 2026 Korea Win-Win Job Fair at aT Center in southern Seoul on Tuesday, hoping to provide some reprieve. The two-day event is hosted Min April 28, 2026