Gyeongbokgung Palace opens historic royal library to public through fall SEOUL, May 13 (AJP) - Seoul's historic Gyeongbokgung Palace has opened its doors to a hidden gem, Jibokjae, a former royal library that was once off-limits to the public. Starting Wednesday, visitors can explore the storied space as part of a special program running through the end of October. Used by King Gojong as his study and office, Jibokjae also served as a reception space for foreign envoys during the Joseon Dynasty. Since 2016, Jibokjae has opened seasonally as a smal May 13, 2026

Seoul mulls US-led Hormuz mission amid questions over Namu findings  SEOUL, May 13 (AJP) - South Korea is facing growing questions over its investigation into the recent attack on an HMM vessel Namu, as the case becomes increasingly intertwined with Washington’s call for Seoul to play a larger role in securing the Strait of Hormuz. National Security Adviser Wi Sung-lac on Wednesday said that Seoul is reviewing participation in the U.S.-led maritime security initiative aimed at ensuring freedom of navigation in the Strait of Hormuz. “T May 13, 2026

KOSPI hits fresh high, fully recovering from previous losses as most Asian markets rally SEOUL, May 13 (AJP) - Asian stock markets largely shrugged off the overnight slump in Wall Street triggered by higher-than-expected U.S. consumer inflation. However, Taiwan's benchmark index, which is heavily reliant on the semiconductor industry, was the sole decliner among major Asian markets amid weaker U.S. market sentiment. The South Korean won ended at 1,494.5 per dollar, sharply down 15.5 won from the previous session. The global dollar strength was reignited as the U.S. May 13, 2026

Clean protest rolls through Seoul as climate activists bicycle to National Assembly SEOUL, May 13 (AJP) - Civic group members staged a bicycle protest on Tuesday urging the National Assembly to promptly revise the Carbon Neutrality Act. The Climate Constitutional Petition Group held a press conference in front of the Constitutional Court in Seoul announcing a 'Climate Bicycle March from the Constitutional Court to the National Assembly' before beginning the march. In August 2024, the Constitutional Court ruled that the Carbon Neutrality Ac May 13, 2026

KOSPI flies to new highs after Lee clarifies controversial 'AI dividend' slip SEOUL, May 13 (AJP) - South Korea’s benchmark KOSPI returned to record-setting climb Wednesday after President Lee Jae Myung moved to calm investor concerns over controversial remarks by his top policy aide suggesting that gains from the country’s AI boom could be redistributed more broadly to the public. In a post on X on Wednesday, Lee accused some media outlets of distorting comments made by presidential policy chief Kim Yong-beom regarding a proposed “nationa May 13, 2026

Samsung strike threat sparks debate over South Korea's emergency labor powers SEOUL, May 13 (AJP) - Chips are responsible for fueling the South Korean economy against the Middle East headwinds and historic stock rally, which explains why policy chiefs from the president to cabinet ministers are going all-out to prevent full-fledged walkouts by chipmakers and even flag the option of a rarely used emergency power to disallow a strike. The debate intensified after mediation talks between Samsung Electronics and its labor unions collapsed Wednesday dawn, pushi May 13, 2026

HD Hyundai posts record quarterly profit on broad profitability gains SEOUL, May 13 (AJP) - HD Hyundai posted its highest-ever quarterly operating profit, supported by broad growth across its shipbuilding, power equipment and energy businesses. The results have raised expectations that the group is on track to achieve its goal of reaching 100 trillion won ($67.2 billion) in annual sales by 2030, as its selective order strategy focused on eco-friendly vessels and growing demand for power infrastructure in North America begin to translate into stronger May 13, 2026

Samyang Foods hits record Q1 on Buldak demand SEOUL, May 13 (AJP) - Samyang Foods reported its highest-ever quarterly earnings for the first quarter of 2026, lifted by resilient overseas demand for its Buldak instant noodles, expanded production capacity and a favorable exchange rate. The South Korean noodle maker announced Wednesday through regulatory filings that consolidated revenue rose 35 percent from a year earlier to 714.4 billion won ($480.1 million), while operating profit climbed 32 percent to 177.1 billion won. Both May 13, 2026

Ex-SK couple enters court-led mediation over billion-dollar asset split SEOUL, May 13 (AJP) - SK Group chairman Chey Tae-won and his estranged wife Roh Soh-yeong entered a court-led mediation process on Wednesday in South Korea's closely watched "divorce of the century" battle over one-billion-dollar property split. The Seoul High Court's family division held the first hearing in the remand trial at 10 a.m. Wednesday and wrapped up the session about an hour later after hearing positions from both sides. The court said it would hold May 13, 2026

HMM Q1 profit slumps 56% on Mideast war, tariffs SEOUL, May 13 (AJP) - South Korea's largest container carrier HMM reported first-quarter operating profit tumbled 56 percent from a year earlier, hit by sliding freight rates on its core transpacific lanes, surging bunker fuel costs tied to the war in the Middle East and the lingering drag of U.S. tariffs. According to regulatory filings released Wednesday, operating profit fell to 269.1 billion won ($180.6 million) in the three months to March, from 613.9 billion won a year ear May 13, 2026