Samsung chairman tops South Korea's dividend earnings in 2024

SEOUL, February 18 (AJP) - Samsung Electronics Chairman Lee Jae-yong received the highest dividend payout among South Korean business leaders in 2024, collecting 346.5 billion won ($260 million), according to a report by corporate analysis firm Leaders Index. Lee's dividend earnings rose by 22.8 billion won from 323.7 billion won in 2023, cementing his status as the country’s top dividend recipient. Hyundai Motor Group Honorary Chairman Chung Mong-koo ranked second wi

February 18, 2025

Nongshim to establish European headquarters in Amsterdam

SEOUL, February 18 (AJP) - South Korean food company Nongshim announced plans to establish its European headquarters in Amsterdam this March, a move aimed at bolstering its presence in the region's growing instant noodle market. According to Nongshim, the new subsidiary, Nongshim Europe B.V., will take advantage of the Netherlands' extensive logistics infrastructure, including the Port of Rotterdam — Europe's busiest — as well as the country's well-develo

February 18, 2025

South Korea suspends new downloads of DeepSeek over privacy concerns

SEOUL, February 17 (AJP) - New downloads of Chinese artificial intelligence (AI) app DeepSeek have been temporarily suspended due to excessive data collection and privacy concerns, South Korea's data protection watchdog said on Monday. The Personal Information Protection Commission (PIPC) said it decided to suspend the service here since last Saturday, after a probe raised concerns over the app's compliance with data protection regulations. The suspension applies to Apple

February 17, 2025

US equity firm takes over Inspire Resort in Incheon following heavy losses

SEOUL, February 17 (AJP) - A U.S. private equity firm has assumed control of the Inspire Integrated Resort near Incheon International Airport after the property accumulated losses exceeding 150 billion won ($112 million) in its first year of operations. The resort, which opened in January 2024, was originally developed by Mohegan Gaming & Entertainment with an investment of 2 trillion won. The complex includes three five-star hotel buildings with a total of 1,275 rooms, a mult

February 17, 2025

Around 2,000 teachers take sick leave every year

SEOUL, February 17 (AJP) - Nearly 2,000 teachers in South Korea take a leave of absence from school every year due to illness, a report reveals. According to the report submitted to the National Assembly by the Ministry of Education on Monday, 1,973 full-time teachers took sick leave between April 2023 and April 2024. More than half of them were teachers from primary schools, with 412 from middle schools and 289 from high schools. Despite the number of those taking sick leave ste

February 17, 2025

Biotech firm DYD develops saliva-based diabetes test kit

SEOUL, February 17 (AJP) - South Korean biotechnology company DYD announced plans on Monday to introduce a diabetes diagnostic kit capable of detecting the disease through saliva samples in under one minute. The device aims to provide a less invasive alternative to traditional blood-based testing. The diagnostic kit measures glycated albumin, a key biomarker for diabetes, using semiconductor biosensor technology that integrates next-generation surface technology with antibody con

February 17, 2025

Another former sex slave dies, leaving only seven survivors

SEOUL, February 17 (AJP) - Gil Won-ok, one of the last surviving victims of the Japanese military sexual slavery during World War II, died on Sunday. She was 97. Gil was only 13 years old when she was forced to serve as a sex slavery by imperial Japan during the war. With Gil's passing, only seven survivors now remain. "Gil was an active advocate for raising awareness about sex slavery both domestically and internationally. We hope she finds peace," said Shin Young-

February 17, 2025

Korea's fresh fruit imports hit record high in 2024

SEOUL, February 17 (AJP) - South Korea’s imports of fresh fruit soared to a record $1.45 billion (2.1 trillion won) in 2024, marking a 20.1 percent increase from the previous year, according to data from the Korea Rural Economic Institute. The surge underscores the growing reliance on imported produce as domestic fruit production struggles with adverse weather conditions. The value of imported fresh fruit, including bananas, pineapples, mangoes, oranges, and blueberries,

February 17, 2025

PHOTOS: UNESCO-recognized tug-of-war competition in Samcheok

SEOUL, February 17 (AJP) - Celebrations of Jeongwol Daeboreum, the first full moon of the lunar New Year, were held in Samcheok, Gangwon Province, from Feb. 14 to 16. The festival featured a performance of Samcheok Gigijuldarigi, a distinctive form of tug-of-war recognized by UNESCO as an Intangible Cultural Heritage of Humanity.

February 17, 2025

INTERVIEW: Chinese unit from K-pop global project set sights high with ambitious goals

SEOUL, February 17 (AJP) - The Chinese unit of K-pop girl band Bling One, consisting entirely of six Mandarin-speaking members, with no South Korean members, made their debut with a showcase in central Seoul last week. They aim to combine K-pop with Chinese cultural elements on the global stage, with a vision to localize their unique fusion genre in one of the world's most populous countries. As their aim suggests, their title track, "Bubble Gum," unveiled at the Wo

February 17, 2025