Defense minister seeks US support for Korea's nuclear-powered submarine plan SEOUL, May 13 (AJP) - Defense Minister Ahn Gyu-back has asked senior U.S. Navy and congressional officials to support South Korea’s push to acquire nuclear-powered submarines, the Ministry of National Defense said Wednesday. Ahn, who is visiting the U.S. for the first time since taking office, met with Hung Cao, acting secretary of the U.S. Navy, in Washington on Tuesday morning to discuss key alliance issues, according to the ministry. During the meeting, Ahn stressed that May 13, 2026

KOSPI briefly sinks to 7,400 level amid AI dividend shock and Samsung labor unrest SEOUL, May 13 (AJP) - South Korean shares extended losses for a second straight session Wednesday as fears of a monthlong strike at Samsung Electronics rattled investor sentiment after marathon government-mediated labor talks collapsed overnight. As of 10:20 a.m., the benchmark KOSPI was down 0.4 percent at 7,613.11 after briefly falling as low as 7,402. The junior KOSDAQ slipped 0.9 percent to 1,169.16. The decline followed an exceptionally volatile session Tuesday, when the K May 13, 2026

KAIST researchers develop AI framework for climate crisis prediction SEOUL, May 13 (AJP) - Researchers at the Korea Advanced Institute of Science and Technology (KAIST) developed an artificial intelligence framework designed to analyze the integrated impacts of climate change on global economies and energy systems, KAIST said Wednesday. The international research team, led by Professor Jeon Hae-won and Professor Oh Hye-yeon, introduced a foundation model that processes earth observation data, economic scenarios, and policy indicators within a share May 13, 2026

US treasury secretary arrives in Seoul SEOUL, May 13 (AJP) - U.S. Treasury Secretary Scott Bessent arrived in Seoul on Wednesday for talks with a Chinese official, just a day ahead of U.S. President Donald Trump's visit to Beijing for a summit with Chinese President Xi Jinping. Bessent is set to meet with South Korean President Lee Jae Muing at Cheong Wa Dae in the morning before holding talks with visiting Chinese Vice Premier He Lifeng later in the day. He is also expected to meet with South Korean Finance Minis May 13, 2026

Gov't, Samsung management jointly pressure union after wage talks collapse SEOUL, May 13 (AJP) - The South Korean government and Samsung Electronics management ratcheted up pressure on the labor union ahead of a planned monthlong strike next week after marathon government-mediated talks over a profit-linked bonus system collapsed early Wednesday. “A strike must never happen under any circumstances,” Deputy Prime Minister and Finance Minister Koo Yun-cheol wrote on X on Wednesday, pledging to continue mediation to keep the dialogue momentum al May 13, 2026

ASIA INSIGHT: The Middle East must now move toward a 'Noah Accord' Saudi Arabia’s First Direct Strike on Iranian Soil — The Middle East Must Now Move Toward a “Noah Accord” A new desert wind is sweeping across the Middle East. Reports that Saudi Arabia has directly struck targets inside Iranian territory are not merely another military headline. They represent a historic signal that the regional order has entered a new and more dangerous phase. For decades, Saudi Arabia and Iran confronted one another while carefu May 13, 2026

North Korean leader inspects munitions factories, calls for stronger artillery forces SEOUL, May 13 (AJP) - North Korean leader Kim Jong-un inspected munitions factories and called for strengthening "mortar and howitzer forces," state media reported on Wednesday. According to the state-run Korean Central News Agency (KCNA), Kim, accompanied by senior military officials and other key aides, "gave field guidance at several munitions industrial enterprises" earlier this week to "learn about the implementation of munitions production assignments May 13, 2026

S. Korea extradites mastermind who targeted BTS' Jungkook in $25.4 mln fraud SEOUL, May 13 (AJP) - South Korean authorities on Wednesday repatriated a 40-year-old Chinese national accused of leading a sophisticated hacking ring that attempted to steal 8.4 billion won from BTS star Jeon Jung-kook. The suspect, identified only as A, was escorted from Bangkok to Incheon International Airport following a coordinated effort between the Ministry of Justice and the National Police Agency. The extradition marks a major development in an investigation into a syndic May 13, 2026

UPDATE: Job growth hits 16-month low in Korea in April, youth employment dips *Updated with additional information SEOUL, May 13 (AJP) — South Korea’s job growth slowed in April to its weakest pace since December 2024, when the country was grappling with the aftermath of the martial law episode, as the war in the Middle East dragged into a third month. The number of employed people aged 15 and older rose by 74,000 from a year earlier to 28.96 million in April, the Ministry of Data and Statistics said Wednesday. It marked the smallest gain May 13, 2026

Samsung Electronics union heads toward strike after govt-mediation talks collapse SEOUL, May 13 (AJP) -Samsung Electronics and its largest labor union failed to bridge differences over bonuses in a final round of government-mediated wage negotiations, raising the likelihood of a monthlong strike that could ripple through the global semiconductor supply chain starting next week. The breakdown came after 17 hours of overnight talks at the National Labor Relations Commission in Sejong, where labor and management sought to reach a 2026 wage agreement but ulti May 13, 2026