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  SK Innovation E&S starts LNG production at Australia's Barossa offshore field SEOUL, January 27 (AJP) - South Korea's SK Innovation E&S said on Tuesday it has begun full-scale natural gas production at Australia’s Barossa gas field and successfully loaded its first liquefied natural gas (LNG) cargo. The company said gas produced at the offshore Barossa field was transported to the Darwin LNG terminal, where the inaugural LNG shipment was loaded. Barossa is located about 300 kilometers off Australia’s northwest coast. SK Innovation E January 27, 2026
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  Korean materials firm Posco Future M invests in US solid-state battery maker SEOUL, January 27 (AJP) - South Korean battery materials and chemicals company Posco Future M has invested in U.S. solid-state battery company Factorial, stepping up efforts to secure a foothold in next-generation battery technology. The company said Tuesday that it has signed an investment agreement with Factorial on Jan. 7 and completed payment on Monday. Posco Future M didn't disclose the terms of the investment. The move builds on a memorandum of understanding signed January 27, 2026
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  South Korea pushes bid for Canada's submarine project as economic ties deepen SEOUL, January 27 (AJP) - South Korea is stepping up efforts to win Canada’s next-generation submarine contract, leveraging a flurry of industrial cooperation deals and high-level diplomacy aimed at deepening the two countries’ strategic and economic ties. The Ministry of Trade, Industry and Resources said it hosted the South Korea–Canada Industrial Cooperation Forum on Monday at the Park Hyatt hotel in Toronto, bringing together business and government leaders fro January 27, 2026
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  South Korea convenes emergency meeting after Trump threatens tariff hike SEOUL, January 27 (AJP) - An emergency meeting was convened to discuss how to respond after U.S. President Donald Trump abruptly threatened to raise tariffs again, Cheong Wa Dae said on Tuesday. The meeting, chaired by presidential policy chief Kim Yong-beom along with key officials from relevant ministries, comes after Trump posted on his own social media platform Truth Social that he would raise reciprocal tariffs from 15 percent to 25 percent, citing delays in their implement January 27, 2026
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  BTS world tour triggers global travel surge, boosting Korea tourism SEOUL, January 27 (AJP) - Global excitement is building ahead of BTS’s first full-group world tour in more than four years. Fans are moving quickly to secure flights and accommodation to Korea, helping turn “tour tourism” into a major growth driver for the local travel industry. According to global travel platform Hotels.com on January 21, searches for inbound travel to Korea surged in the 48 hours following the announcement of BTS’s new world tour, BTS W January 27, 2026
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  Korean large firms turn confident about business prospects for the first time in nearly 4 yrs SEOUL, January 27 (AJP) -South Korea’s large manufacturers — most of them export-oriented — turned optimistic about business conditions on strong orders in semiconductors and shipbuilding, even as overall business sentiment softened at the start of 2026, a Bank of Korea survey showed Tuesday. The business sentiment index for large manufacturing firms rose to 101.8 in January, up from 97.7 a month earlier, marking the first time the reading topped the neutral 100 th January 27, 2026
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  Trump threatens to raise tariffs back to 25%, blaming Seoul for delaying tariff deal SEOUL, January 27 (AJP) -U.S. President Donald Trump said Monday he is raising tariffs on a wide range of South Korean goods from 15 percent to 25 percent, citing delays in South Korea’s National Assembly approving a bilateral trade agreement reached last year. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS January 27, 2026
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  Regulator blocks merger plan for Korea's leading car rental firms, citing monopoly risks SEOUL, January 26 (AJP) - South Korea’s Fair Trade Commission (FTC) has blocked a proposed merger between Lotte Rental and SK Rent-a-Car, the country’s largest and second-largest rental-car operators, citing concerns that the deal would weaken competition and lead to higher prices. The commission said on Monday it had issued such an order on a filing by private equity firm Affinity Equity Partners to acquire a 63.5 percent stake in Lotte Rental. Affinity acquired January 26, 2026
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  A star rising quietly from the K-pop margins with soothing voice -Hanroro SEOUL, January 26 (AJP) – While the global spotlight is fixed on BTS’s long-awaited comeback and K-pop’s high-profile Grammy ambitions, a very different ascent is unfolding on Korea’s domestic charts — quieter, slower, but no less decisive. Hanroro, an indie singer-songwriter once known mainly through word of mouth, has emerged as one of the most talked-about new voices of the year. Often described as a “Gen Z rock star,” she has climbed s January 26, 2026
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  Lunar New Year's preparation slightly eases from last year SEOUL, January 26 (AJP) - The cost of preparing an ancestral table at traditional markets ahead of the Lunar New Year holiday has been surveyed at 296,500 won(about 205 dollars), slightly lower than last year. According to a survey conducted by Korea Price Information (KPI), a specialized price research agency, on Jan. 25, the cost for a four-person family declined 1.98% year-on-year at traditional markets. Large discount stores also saw a 0.64% drop to 406,880 won(about 282 dolla January 26, 2026