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  HJ Shipbuilding launches four patrol boats for South Korean Navy SEOUL, December 08 (AJP) - HJ Shipbuilding held a launch ceremony on Monday for four domestically built high-speed patrol boats, strengthening South Korea’s coastal defense capabilities. The vessels were built under a 2022 contract with the Navy as part of the PKX-B Batch-II program. The ceremony took place at the company’s Yeongdo Shipyard in Busan and was attended by senior defense and industry officials, including Rear Adm. Ahn Sang-min, acting head of the ship pr December 8, 2025
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  Korea's LGES lands $1.4 bn EV battery deal with Mercedes-Benz SEOUL, December 08 (AJP) - South Korea's top battery maker LG Energy Solution (LGES) has signed a 2.06 trillion won ($1.4 billion) electric-vehicle battery supply contract with Mercedes-Benz AG, extending the company’s streak of securing multi-billion-dollar global deals this year as automakers race to lock in long-term cell capacity. According to LGES’ regulatory filing on Monday, the contract covers battery supply to Mercedes-Benz from March 2028 through June 2035, December 8, 2025
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  Korean fried-chicken chain BBQ establishes European headquarters in Spain SEOUL, December 08 (AJP) - Genesis BBQ Group said Monday it has established a European headquarters in Spain. The South Korean fried-chicken chain said it formed a partnership with BLT F&B Group, a Spain-based operator with businesses in finance and foodservice across Spanish-speaking markets. BLT manages major restaurant brands including Domino’s Pizza and Applebee’s in the Americas, giving BBQ access to existing operational and supply chain networks. The ann December 8, 2025
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  OPINION: What South Korea can learn from UK housing policy SEOUL, December 8 (AJP) - Following his victory in the 2024 general election, U.K. Prime Minister Keir Starmer unveiled an ambitious housing policy aimed at tackling what he described as a "national crisis." The plan included supplying 370,000 homes annually, totaling 1.5 million over five years, with a focus on expanding public sector involvement, developing new towns, and making use of green belt areas. His housing policy focused on two main priorities: restructuring December 8, 2025
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  South Korea's HD Hyundai to build shipyard in India's Tamil Nadu SEOUL, December 08 (AJP) - HD Hyundai said Monday it plans to build a new shipyard in India’s southern state of Tamil Nadu, strengthening its presence in one of the world’s fastest-growing maritime markets as New Delhi seeks to become a major global shipbuilding power. The South Korean shipbuilder said it signed an exclusive memorandum of understanding with the Tamil Nadu state government in Madurai. India is promoting the “Maritime Amrit Kaal Vision 2047&rd December 8, 2025
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  OPINION: Political paralysis exposes need for structural reform SEOUL, December 8 (AJP) - The National Assembly has become a battleground of extreme confrontation rather than a forum for meaningful discussion. Deep political polarization, where each party sees itself as righteous and the other as fundamentally wrong, has eroded any space for compromise or dialogue. The concentration of power by a dominant party has encouraged authoritarian tendencies and shifted politics toward identity-based conflict rather than practical problem-solving. Thi December 8, 2025
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  Korea's household wealth skewed to property, undermining capital markets: report SEOUL, December 08 (AJP) - South Korean household wealth remains heavily concentrated in real estate, leaving the country structurally behind major advanced economies in financial investment and capital-market participation, according to a report released Monday by the Korea Economic Research Institute (KERI). The study, authored by Professor Song Heon-jae of the University of Seoul, found that non-financial assets — largely residential and commercial property — acco December 8, 2025
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  SingCham Korea hosts year-end celebration marking 50 years of Singapore–South Korea ties SEOUL, December 07 (AJP) - SingCham Korea brought together about 150 guests on December 5 for its year-end celebration, "The Golden Ticket," held at Floating Island's Vista Hall in Seoul. The event gathered members of the Singaporean community, South Korean partners, business leaders, and diplomats to mark the close of the year and the 50th anniversary of diplomatic relations between Singapore and South Korea. The evening opened with welcome remarks from SingCham Kor December 7, 2025
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  Experts point to trust and perception as key hurdles in South Korea–China relations SEOUL, December 07 (AJP) - A media forum held in Seoul on December 5 brought together senior officials, diplomats, and scholars to assess the direction of South Korea–China relations following the recent summit between the two leaders. Participants broadly agreed that the biggest bottlenecks in bilateral ties are declining trust and widening perception gaps, compounded by intensifying U.S.–China competition. The event, titled "Future Outlook of Bilateral Relations December 7, 2025
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  Seoul presidential office moving back to Blue House by X-mas SEOUL, December 07 (AJP) - The presidential office in Seoul will return to the Blue House by Christmas while readying a stronger national data-protection measures and a renewed push for dialogue with North Korea as the Lee Jae Myung administration moves beyond the phase of "a stabilization of diplomacy, security and governance" in the first six months after a snap election and presidential impeachment. The move out from Yongsan premise will be "essentially finished December 7, 2025