North Korea 'conducts drill involving hypersonic missiles'

SEOUL, January 5 (AJP) - North Korea has tested "hypersonic missiles" with its leader Kim Jong-un in attendance, state media reported on Monday. According to the state-run Korean Central News Agency (KCNA), the hypersonic missiles were fired the previous day from a site near Pyongyang as part of a missile-launching drill and "hit targets" in the East Sea as Kim "oversaw" the drill along with senior military officials. The KCNA said, "Imp

January 5, 2026

[CES 2026] Hyundai Motor wins Best of Innovation Award for autonomous mobility robotics

LAS VEGAS, January 05 (AJP) - Hyundai Motor said Monday it won a top honor at CES 2026 for its next-generation autonomous mobility robot platform, MobED, and plans to begin mass production in the first quarter as it targets the future mobility market. The automaker said MobED received the Best of Innovation award in the robotics category. The Consumer Technology Association, which organizes CES, awards Innovation Awards annually after evaluating entries for innovation, design

January 5, 2026

Veteran actor Ahn Sung-ki loses battle with cancer

SEOUL, January 5 (AJP) - Veteran actor Ahn Sung-ki died at a hospital in Seoul on Monday with his family by his side. He was 74. Ahn had been unconscious in the intensive care unit at Soonchunhyang University Hospital for about a week after collapsing at home last Wednesday due to choking on food and being taken to the hospital in cardiac arrest. He had been receiving treatment for blood cancer since 2019. Ahn made his debut in 1957 with director Kim Ki-young's "Twili

January 5, 2026

South Korea says financial markets stable despite Venezuela risks

SEOUL, January 05 (AJP) - South Korea said on Monday that spillover effects on its financial markets and broader economy from recent U.S. airstrikes on Venezuela and North Korea’s ballistic missile launch have so far been limited. The assessment came after an emergency joint economic meeting convened to evaluate the potential impact of heightened geopolitical risks. The meeting was chaired by Kang Gi-ryong, assistant vice minister at the Ministry of Economy and Finance,

January 5, 2026

OPINION:  Higher long-term rates in Japan, what it means for the economy

Japan’s long-term interest rates have returned to levels unseen in decades, marking a structural shift for an economy long defined by near-zero borrowing costs. Yields on newly issued 10-year Japanese government bonds (JGBs) climbed into the 2% range in December 2025, the highest level in 26 years and 10 months, extending a steady rise that began in 2023. The move has been broad-based. Two-year yields reached 1.12%, the highest since 1996; five-year yields hit 1.52%, th

January 5, 2026

Fatal taxi crash reignites debate over elderly drivers

SEOUL, January 4 (AJP) - A deadly traffic accident in central Seoul last Friday has reignited debates about elderly taxi drivers after a man in his late 70s rammed his taxi into two vehicles near Jonggak subway station during the evening rush hour, killing one pedestrian and injuring about a dozen others. According to police, the man showed no signs of drunk driving but tested positive for morphine in an initial test. Authorities said morphine can also be found after taking certain

January 4, 2026

Lee begins four-day trip to China

SEOUL, January 4 (AJP) - President Lee Jae Myung arrived in Beijing on Sunday for a summit with Chinese President Xi Jinping. His four-day trip marks Lee's first visit to China since taking office in June last year. It is also the first visit to China by a South Korean president since former President Moon Jae-in traveled there in December 2019, and the first state visit in about nine years. Lee is set to start his itinerary with a dinner with South Korean expats there. After

January 4, 2026

Hyundai's luxury Genesis brand reaches 1.5 million sales milestone

SEOUL, January 4 (AJP) - Automaker Hyundai's premium brand Genesis has sold over 1.5 million vehicles in cumulative global sales a decade after its launch. According to industry sources on Sunday, the automaker reached the milestone in November last year, about 10 years after it rolled out its luxury G90 sedan in 2015. Genesis was especially popular among customers in Europe and the U.S. It sold over 500,000 units globally by May 2021 and surpassed 1 million in August 2023.

January 4, 2026

Hyundai Motor and Chung family diplomacy under focus ahead of Lee's Shanghai visit

SEOUL, January 04 (AJP) -As Lee Jae Myung embarked on the first state visit by a South Korean president to China in nine years, attention is turning to a little-known episode of corporate diplomacy that helped preserve one of Korea’s most important overseas historical sites — the former headquarters of the Republic of Korea Provisional Government in Shanghai. At the center of that effort was the late Hyundai Motor Group chair Chung Mong-koo, whose direct en

January 4, 2026

Seoul assesses fallout after US capture of Venezuelan president

SEOUL, January 4 (AJP) - The government is assessing any fallout after the U.S. captured Venezuela's authoritarian leader Nicolás Maduro in a lightning military operation the previous day, while monitoring further developments. In a statement on Sunday, the Ministry of Foreign Affairs urged, "All relevant parties should exercise maximum restraint to ease tensions in the region" and expressed hope that democracy will be restored as soon as possible through dial

January 4, 2026