TRAVEL: Seoul's literary escape

SEOUL, October 23 (AJP) - On a crisp autumn day, the city air scrubbed clean by recent rain, I embarked on a literary journey high above the Korean capital. The destination: Inwangsan Mountain, a granite peak that has long served as both a defensive wall and a muse to artists. From its summit, the sprawling metropolis of Seoul was laid bare, a tapestry of modern ambition woven against an ancient landscape. Inwangsan has deep roots in Seoul's history, a vital section of the

October 24, 2025

OPINION: China's rapid AI rise signals new phase in global race

SEOUL, October 24 (AJP) - The race to dominate artificial intelligence is accelerating — and China is catching up fast. Once seen as lagging far behind Silicon Valley, China’s AI industry has surged forward, led by DeepSeek, a startup founded in 2023 that has quickly emerged as a formidable rival to OpenAI. Within two years, the company introduced its R1 model, which it claims outperforms OpenAI’s o1 system — and did so at a fraction of the cost, roughly

October 24, 2025

Trump to hold back-to-back summits with Korea, China, Japan during APEC week

SEOUL, October 24 (AJP) -U.S. President Donald Trump will embark on a week-long Asian tour next week, making stops in Malaysia, Japan, South Korea, and China for a series of summit talks with regional leaders coinciding with the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, the White House confirmed Thursday. White House Press Secretary Karoline Leavitt said Trump’s first stop will be Malaysia, where he will meet Prime Minister Anwar Ibrahim on Sunday and a

October 24, 2025

AI to become staple in Korean homes, KES 2025 suggests with latest innovations

SEOUL, October 23 (AJP) - Artificial intelligence is fast becoming a fixture in Korean households — helping the elderly and pets at home alone, while taking charge of chores from washing clothes to preparing meals — according to the latest innovations unveiled at this year’s Korea Electronics Show (KES 2025). From refrigerators and TVs to air conditioners and cleaning robots, Korea's household appliance brands Samsung and LG Electronics demonstrated that AI h

October 23, 2025

HOT STOCK: British fund bullish on LG Chem, local banks wary how far the stock can go

SEOUL, October 23 (AJP) - Shares of LG Chem set a new ceiling this week as the Korean chemical giant defied industrial headwinds after being spotlighted by a major foreign shareholder for excessive undervaluation. LG Chem closed Thursday at 389,500 won ($271), down after a 13 percent surge in the previous session. The rally followed a public statement by British activist fund Palliser Capital, which argued that “LG Chem’s stock is significantly undervalued, currently t

October 23, 2025

Asian shares lose ground on tech selling

SEOUL, October 23 (AJP) - Asian stock markets ended lower Thursday as investors reacted to disappointing technology earnings and persistent geopolitical uncertainties, while Vietnamese equities stood out with gains on expectations of stronger domestic demand. South Korea’s main KOSPI and secondary KOSDAQ retreated after a record-setting rally. The KOSPI fell 1.2 percent to 3,835.79, and the tech-heavy KOSDAQ lost 0.9 percent to 870.90 as institutional investors took profits. C

October 23, 2025

D-8: APEC summits to arrive with fully packed agendas of their own

SEOUL, October 23 (AJP) - Big and small Asia-Pacific economies alike are preparing to leverage next week's APEC summit in Gyeongju to advance their respective agendas in a trade environment reshaped under the second Trump presidency. New and familiar faces among APEC leaders will descend on South Korea's southern ancient city carrying fully loaded diplomatic and economic agendas — each aiming to redefine its position in the emerging post-globalization trade order. F

October 23, 2025

Korean drugmakers race to enter booming weight-loss drug market

SEOUL, October 23 (AJP) - South Korea's major pharmaceutical companies are racing to enter the global weight-loss drug market, upgrading drug delivery formats and formulations to tap a segment projected to grow more than 15 percent over the next five years. A recent survey by Exploratory Research in Clinical and Social Pharmacy, cited by Yuanta Securities, showed that 62.2 percent of 4,400 respondents across 21 countries preferred oral weight-loss drugs — far ahead of in

October 23, 2025

Seoul voices concerns over Chinese installations in waters near West Sea

SEOUL, October 23 (AJP) - The Ministry of Foreign Affairs on Thursday vowed to keep monitoring and raise issues over Chinese unilateral installations in maritime buffer zones along the West Sea that overlap with South Korea's. The pledge comes a day after lawmaker Lee Byung-jin of the ruling Democratic Party revealed during a parliamentary audit that Chinese personnel were spotted on such structures in the area. Lee shared photos showing five people on the structures, believe

October 23, 2025

Bank of Korea chief signals nearing end of easing cycle

SEOUL, October 23 (AJP) - The Bank of Korea (BOK) held its key interest rate at 2.50 percent for October, keeping policy steady since the last 25-basis-point cut in May amid foreign exchange and housing market volatility, and signaled that the current easing cycle may be nearing its end unless major external shocks occur. “We are maintaining an easing policy stance, but the pace and timing of additional rate cuts may have to be adjusted,” BOK Governor Rhee Chan-yong

October 23, 2025