Latest
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Turbine shuts down again at Shin Hanul nuclear reactor, causing safety concern
SEOUL, November 24 (AJP) - Korea Hydro & Nuclear Power (KHNP) said on Monday that the turbine generator at Shin Hanul Unit 1, a 1.4 million-kilowatt reactor, shut down automatically while the plant was ramping up output. At around 6:11 p.m., Sunday, the company reported that an “exciter” device had failed, cutting off the supply of current to the generator’s electromagnet — a component crucial for power generation. The exciter shutdown forced the turb
November 24, 2025
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Homegrown space rocket ready for nighttime launch this week
SEOUL, November 24 (AJP) - South Korea's homegrown space rocket Nuri is set for liftoff later this week after completing final rehearsals and technical checks, the Korea Aerospace Research Institute (KARI) said on Monday. The rocket, dubbed KSLV-II, is scheduled for launch at the Naro Space Center in Goheung, South Jeolla Province on Thursday. If any unexpected issues arise, additional launch windows are available from Nov. 29 to Dec. 4. The rocket will be moved to the laun
November 24, 2025
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K-beauty under pressure as Chinese, Japanese brands gain ground in Korea
SEOUL, November 24 (AJP) - Chinese e-commerce platforms and beauty brands are rapidly expanding their presence in South Korea, intensifying competition in markets long dominated by domestic players. Platforms such as TEMU and AliExpress are leaning heavily on social media influencers to reach South Korean consumers, while Chinese cosmetics companies are capitalizing on TikTok-driven trends to grow both at home and abroad. TEMU recently hired an influencer marketing manager in
November 24, 2025
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Samsung Fire & Marine launches English, Chinese support for insurance claims
SEOUL, November 24 (AJP) - Samsung Fire & Marine Insurance has introduced new English and Chinese-language services to help foreign customers file insurance claims, the company said on Monday. The services are now available on the insurer’s mobile app and website. The company said an internal analysis showed that 58.3 percent of its foreign customers used the claims function most frequently, followed by premium payments at 14 percent and certificate issuance at 9.5 per
November 24, 2025
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Lee meets Japanese and Chinese leaders at G20 in South Africa
SEOUL, November 24 (AJP) - President Lee Jae-myung held a marathon round of meetings with global leaders on the sidelines of the Group of 20 (G20) in South Africa over the weekend. According to the presidential office on Monday, Lee on Sunday met with Japanese Prime Minister Sanae Takaichi again after their previous meeting at the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju late last month. The two leaders emphasized the importance of their
November 24, 2025
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OPINION: Rising drunk-driving incidents spark calls for tougher laws in South Korea
SEOUL, November 24 (AJP) - Recent incidents involving drunk driving in South Korea have drawn international attention, particularly after a Japanese tourist died in a crash. This tragedy, along with a similar incident involving a Canadian a week earlier, has highlighted the country's lenient penalties for drunk driving. Despite the 2018 law allowing life sentences for fatal drunk driving cases, actual sentences range from two to eight years, much lower than Japan's 20-year sentences.
November 24, 2025
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South Korea's Strategic Edge in AI Amid Potential Bubble
Nvidia announced record earnings on Nov. 19, with third-quarter revenue reaching $57 billion, a 62% increase from the previous year. Despite a net profit margin of 53% and net income of $31.9 billion, its stock fell 6.8% the next day. Wall Street attributes this to extended collection periods for big tech companies like Google, Meta, Microsoft, and Amazon, indicating uncertain returns on AI investments. OpenAI faces more severe challenges. Microsoft, its parent company, has inves
November 24, 2025
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K-pop anime qualifies for animated Oscar race
SEOUL, November 23 (AJP) - Netflix’s animated film "KPop Demon Hunters," the first foreign-made animation centered on South Korean K-pop idols, has been listed among the titles eligible for consideration in the Academy Awards’ best animated feature category this year. According to the Academy of Motion Picture Arts and Sciences (AMPAS), 35 films qualified for the category at the upcoming 98th Oscars. The film earned its spot by completing a limited the
November 23, 2025
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S.Korean won drops to lowest level versus the U.S. dollar since 2009
SEOUL, November 23 (AJP) - The South Korean won’s real value has slipped to its lowest point, risking the deterioration of Korea's purchasing power in global trade. Data from the Bank of Korea and the Bank for International Settlements showed that the country’s real effective exchange rate — or REER — stood at 89.09 at the end of October against the reference year of 2020 as 100. The index was down 1.44 points from a month earlier and marked t
November 23, 2025
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Korean president speaks up on climate action and AI at G20 summit
SEOUL, November 23 (AJP) - South Korean President Lee Jae Myung attended the Group of 20 summit in Johannesburg on Saturday, as part of a regional tour of the Middle East and Africa designed to broaden South Korea's diplomatic engagement. During the two-day meeting, he outlined South Korea's views on climate and disaster response, artificial intelligence (AI) cooperation and inclusive economic growth. After visiting the United Arab Emirates and Egypt, Lee j
November 23, 2025