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Asian stocks mostly gain while Nikkei slips on interest rate concerns
SEOUL, December 5 (AJP) - Asian stock markets closed mixed on Friday, with most bourses, including South Korea's, posting gains, while Japan slipped amid uncertainty over its benchmark interest rate. In Seoul, the benchmark KOSPI closed at 4,096.13, up 1.68 percentage points from the previous session. Foreign investors buoyed the market with net purchases of stocks worth 770.7 billion Korean won ($524 million). The inflow appears to be driven by investors seeking other opport
December 5, 2025
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Low pay for AI talent is driving skilled workers overseas, BOK warns
SEOUL, December 05 (AJP) - South Korea offers the lowest wage premiums for artificial intelligence specialists among major advanced economies, placing the country at a disadvantage in the global battle for high-tech talent, the Bank of Korea said in a report released Friday. The analysis, presented at a seminar co-hosted with the Korea Chamber of Commerce and Industry, called for upgrading compensation systems and research environments to meet international standards. Using
December 5, 2025
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OPINION: Massive data breaches expose urgent need for stronger security and accountability
SEOUL, December 5 (AJP) - In early 2026, a man received a phone call from an unknown caller who appeared to know every detail about him, including his home address, online habits, and shopping patterns. This incident shows how phishing has evolved from random attacks to highly targeted schemes that exploit detailed personal information. Massive data breaches have affected millions in South Korea, involving major companies such as Coupang and SK Telecom. Similar incidents in the pu
December 5, 2025
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SK's battery recycling technology published in international journal
SEOUL, December 05 (AJP) - South Korea's SK Innovation said Friday its lithium iron phosphate (LFP) battery recycling technology has been published in the international journal Separation and Purification Technology. The company said conventional recycling processes for LFP batteries have struggled with environmental and cost burdens, including byproduct treatment and wastewater generation. Its newly developed method uses only water, carbon dioxide and hydrogen peroxide to s
December 5, 2025
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PHOTOS: Snow-covered Hallasan
SEOUL, December 05 (AJP) - Snowfall that began in the mountainous areas of Jeju on December 4 left Baengnokdam and the 1,100-meter plateau covered in white by the morning of December 5.
December 5, 2025
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PHOTOS: Seoul turns white after the season's first snow
SEOUL, December 05 (AJP) - Seoul woke up white after an overnight snowfall that began during the evening commute. The city saw its first snow of 2025 last night — two weeks later than average and eight days later than last year. Streets whitened quickly as cars crawled through Gwanghwamun and people walked with their shoulders tucked in against the cold. Snowfall reached 1 to 3 centimeters per hour, with bursts of more than 5 centimeters, coating palace roofs and drifting th
December 5, 2025
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PHOTOS: Seoul's royal shrine caught in clash between history and modernization
SEOUL, December 04 (AJP) - On a frigid day in early December, a profound silence settles over the Jongmyo Shrine in the heart of Seoul, broken only by the crunch of footsteps on the stone paths. Though a steady stream of tourists, drawn by its status as a UNESCO World Heritage site, still visits, the ancient royal sanctuary has been swept into a very modern controversy: a pitched battle over redevelopment and the city's skyline. The Seoul Metropolitan Government’s pro
December 5, 2025
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Breakout success of ARC Raiders paves the way for Korean style extraction shooting
SEOUL, December 05 (AJP) - Nexon's ARC Raiders has crossed 7 million global sales just over a month after launch, spawning the rise of what industry watchers are calling a new "K-extraction shooter" genre defined by communal play, lower violence and robot-target gun-down. Developed by Nexon subsidiary Embark Studios, ARC Raiders logged 400,000 cumulative sales within two weeks of its Oct. 30 release. Steam concurrency rose from 350,000 in the first weekend to 480,000 b
December 5, 2025
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Coupang sees drop in daily users after massive data breach
SEOUL, December 5 (AJP) - Coupang, South Korea's leading e-commerce giant, has been seeing a drop in daily users after a massive data breach was detected late last month. According to an analysis by market researcher IGAWorks on Thursday, Coupang's daily active users fell to 17.80 million last Tuesday, down from a record 17.98 million the previous day. This marks the first decline after three consecutive days of increase since last Saturday, despite the breach. With dai
December 5, 2025
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Amazon executive, South Korea's AI officials explore cooperation
SEOUL, December 05 (AJP) - South Korea’s AI Strategy Committee said Friday that David Zapolsky, Amazon’s senior vice president for global public policy and legal affairs, has visited the committee's vice chairman, Lim Moon-young, to discuss cooperation on artificial intelligence and cloud infrastructure. During the meeting, Amazon outlined its ongoing investments in AI and cloud services in South Korea and discussed potential collaboration on the government&rsquo
December 5, 2025