Samsung to end sales of premium foldable phone just months after launch SEOUL, March 16 (AJP) - Samsung Electronics will stop selling its twice-folding smartphone just three months after its release in South Korea. According to industry sources, sales of the high-end, premium Galaxy Z Tri-Fold are set to end after Tuesday. Since its rollout on Dec. 12, the device has been sold only in limited batches through Samsung.com, typically once every one to two weeks on Tuesdays. Once Tuesday's inventory sells out, the Galaxy Z Tri-Fold will no longer March 16, 2026

GULF CRISIS: Trump's call to jointly police Hormuz puts allies in a dilemma SEOUL, March 16 (AJP) - The United States has initiated the war against Iran, but the fallout from Tehran’s weaponization of the Strait of Hormuz — a maritime route vital to Asia-Pacific economies that together account for roughly 70 percent of global output — is now being shifted onto those countries, according to the logic advanced by President Donald Trump. Posting on his social media platform Truth Social, Trump called on South Korea, the United Kingdom, France March 16, 2026

Korea's default risk premiums rise faster than others, yet below 5-year average SEOUL, Mar. 16 (AJP) - South Korea’s sovereign risk indicators are rapidly rising in line with the volatility in capital markets and exposure to oil supply disruptions, potentially further undermining foreign investor confidence in Korean securities. South Korea’s five-year credit default swap (CDS) premium surged 23.83 percent in the past month, exceeding the gain of around 10 percent in China’s CDS and Japan’s remaining largely flat at around 1 percent March 16, 2026

BTS Live D-5: Gwanghwamun begins dressing up as a giant open-air stage SEOUL, March 16 (AJP) -Seoul is redecorating Gwanghwamun Square to transform the historic plaza into a vast open-air stage for global K-pop group BTS, whose comeback performance will be livestreamed worldwide on Saturday. Stage installations are taking shape across the square, while large banners announcing BTS’s return line nearby streets and buildings. Foreign tourists stopped to take photos in front of the displays, adding to the growing buzz ahead of the concert. Phas March 16, 2026

South Korea hit hard by rising costs as Middle East conflict drags on, think tank warns SEOUL, March 16 (AJP) - A prolonged conflict between the U.S. and Iran could drive up energy and logistics costs for South Korea, with a 10-percent rise in global oil prices projected to push domestic manufacturing production costs up by an average of 0.71 percent, a report released by a state-run think tank on Monday suggests. The Korea Institute for Industrial Economics and Trade (KIET) warned that ongoing tensions around the Strait of Hormuz, a critical chokepoint for roughly o March 16, 2026

GULF CRISIS: Trump's coalition push puts Korea's Cheonghae Unit in spotlight SEOUL, March 16 (AJP) - U.S. President Donald Trump’s call for other countries to help escort commercial shipping through the Strait of Hormuz has drawn cautious and broadly noncommittal responses from allies, with South Korea’s Cheonghae Unit emerging as the most likely naval asset should Seoul decide to participate. South Korea and other countries asked by Washington to help protect merchant vessels from Iranian attacks in the strategic waterway are quietly weighing t March 16, 2026

BTS Live D-5 : Seoul turns into citywide festival as BTS makes comeback SEOUL, March 16 (AJP) - Seoul is poised to burst into light and sound this weekend as a quarter million fans descend on the Korean capital for a comeback performance by the mega-group BTS. The concert in Gwanghwamun Square will be the first in four years, following the completion of mandatory military service by the group members. The performance will follow the release Friday of ARIRANG, BTS’ fifth studio album. All 22,000 concert seats sold out rapidly, undersco March 16, 2026

Airlines set to hike fuel surcharges amid rising oil prices SEOUL, March 16 (AJP) - Airlines are raising their fuel surcharges due to soaring oil prices amid the escalating conflict in the Middle East. Fuel surcharges are applied on both international and domestic flight routes based on changes in the average price of fuel traded on Singapore's spot market. According to aviation industry data released on Monday, the average price of Singapore jet fuel, known as MOPS, is projected to reach at least 300 cents per gallon for the peri March 16, 2026

Asian markets open the third Gulf war week lower  SEOUL, March 16 (AJP) — Asian stock markets traded lower Monday as investor sentiment remained fragile with the Iran war entering a third week and the Strait of Hormuz still effectively cut off, keeping energy and security risks at the center of regional trading. Reports that President Donald Trump is pressing U.S. allies and major Asian importers to help reopen the waterway added to the sense of unease. South Korea’s KOSPI swung from early gains into negative ter March 16, 2026

SK hynix now most favorite workplace among jobseekers, overtaking Samsung SEOUL, March 16 (AJP) - SK hynix has surpassed Samsung Electronics as the most preferred employer among job seekers in South Korea. Online job-search site Saramin said on Monday that it conducted a survey of over 2,000 job seekers and found that about 20 percent of them named SK hynix as their most sought-after employer. It marks the first time Samsung Electronics has lost the top spot since similar surveys began in 2009. The electronics giant, which had long held a dominant le March 16, 2026