Defense-strong Hanwha head Kim Seung-youn most well-paid business owner in Korea SEOUL, March 19 (AJP) -Reflecting the rise of Korean defense power, Kim Seung-youn, the owner of defense-heavy Hanwha Group, ranked as the most well-paid conglomerate head in 2025 with his compensation package topping 20 billion won. According to Hanwha Corp.’s annual report filed on Wednesday, Kim received 5.04 billion won from Hanwha Corp. last year. He also received 5.04 billion won each from Hanwha Aerospace and Hanwha Systems, 5.041 billion won from Hanwha Solutions, a March 19, 2026

From ashes to rebirth: Yoon Kyeong-sik wins World Architecture Awards SEOUL, March 18 (AJP) - In March 2026, the announcement came from the United Kingdom: the World Architecture Community Awards, 53rd cycle. It was not simply a prize. It was recognition that something quiet, something deeply human, had spoken across borders. Among works from 53 countries and judged by 243 jurors, the Inwolsa Dharma Center was chosen — not for spectacle, but for the depth of its question. This was not architecture of reconstruction. It was architectu March 18, 2026

BTS Live D-3: Fan must-have turns sour as light stick prices soar SEOUL, March 18 (AJP) - The soaring price of K-pop light sticks — once a simple symbol of fandom — is fast becoming a flashpoint ahead of the BTS Gwanghwamun comeback concert, as shortages and steep markups leave fans questioning whether the experience is still worth the cost. With the concert just three days away, demand for official light sticks has surged, triggering shortages and driving up resale prices, particularly in tourist-heavy districts in central Seoul suc March 18, 2026

BTS Live D-3: Stage is shaping up fast SEOUL, March 18 (AJP) - The mega stage for BTS comeback show at Gwanghwamun Square is quickly taking shape, even under rain on Wednesday. Roads around Gwanghwamun will be closed on the day of the performance, and access to nearby subway stations will also be limited. Boarding and alighting will be suspended at City Hall Station on Lines 1 and 2, Gyeongbokgung Station on Line 3, and Gwanghwamun Station on Line 5. Ma March 18, 2026

NK launches development plan to turn Pyongyang into a "world-class" city SEOUL, March 18 (AJP) - North Korea has launched a new phase of its ambitious housing construction and urban redevelopment plan to transform its capital of Pyongyang into a “world-class city,” state media reported. Top officials, including the newly-appointed ruling Workers' Party of Korea construction chief Kim Jong-gwan, held a launch ceremony and exhibition of equipment Tuesday to mark the start of the fifth phase of the Hwasong district development in the capital March 18, 2026

Chip rally drives KOSPI higher as Samsung, SK hynix top 40% of market cap SEOUL, March 18 (AJP) - South Korean stocks roared higher on Wednesday, powered by chip heavyweights, as easing oil prices and renewed momentum in AI-linked semiconductors lifted investor sentiment. The benchmark KOSPI jumped 5.04 percent to close at 5,925.03, reclaiming the 5,900 level after opening at 5,767.10 and extending gains throughout the session. A buy-side sidecar was triggered in afternoon trading as futures rose more than 5 percent, underscoring the strength of the March 18, 2026

S. Korea-Central Asia cultural heritage cooperation marked by Nowruz book presentation in Seoul SEOUL, March 18 (AJP) - Diplomatic representatives and cultural officials gathered Wednesday at the Korea Foundation Seminar Room to inaugurate the Nowruz Book. The ceremony celebrated the shared heritage of Eurasia and brought together the Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan embassies. The International Information and Networking Centre for Intangible Cultural Heritage in the Asia-Pacific Region and the Central Asia-Korea Cooperation Forum Secretariat su March 18, 2026

Samsung Electronics adds AMD on HMB4 client list after Nvidia SEOUL, March 18 (AJP) - Samsung Electronics added AMD after Nvidia on its burgeoning client list for next-generation high bandwidth memory dubbed HBM4, gaining traction in the crucial in HBM race move to inference AI stage. A memorandum of understanding (MOU) with U.S. chip designer AMD to expand strategic partnership in next-generation AI memory and computing technologies was signed at Samsung’s Pyeongtaek campus. Under the terms of the agreement, Samsung will sup March 18, 2026

BTS Live D-3: Seoul turning purple with fans in BTS color pouring in SEOUL, March 18 (AJP) -Seoul is turning purple as fans adorned in the color pour into the capital with three days to go before the Gwanghwamun performance. Central districts including Gwanghwamun Square and Myeongdong are seeing a steady influx of visitors, many gathering near the concert venue or exploring nearby streets in anticipation of the event. In Myeongdong, a BTS merchandise shop was packed with fans purchasing albums and official goods, offering an ear March 18, 2026

Seoul raises crude alert to Level 2 as Hormuz blockade bites SEOUL, March 18 (AJP) — As the Middle East conflict continues to disrupt global energy supplies, the South Korean government Wednesday raised its crude oil security alert one notch to Level 2 ("Caution"), opening the way to direct intervention, including the possible release of strategic oil reserves. The Ministry of Trade, Industry and Energy (MOTIE) announced the upgrade from Level 1 ("Interest") to Level 2 effective as of 3 p.m. local time (6am UTC) We March 18, 2026