What does Trump's return to White House mean for South Korea?

SEOUL, November 6 (AJP) - Former President and Republican candidate Donald Trump is making a return to the presidency in a surprising fashion as he achieved an electoral college majority by securing sweeping victories in key battleground states such as Georgia, North Carolina, and Pennsylvania, defeating his Democratic rival and Vice President Kamala Harris. "It's a political victory that our country has never seen before, nothing like this. I want to thank the American peo

November 6, 2024

VISUALS: Seoul's blind ritual chanting preserved through generations

SEOUL, November 6 (AJP) - A rare performance of Seoul Blind Chanting, an ancient Korean ceremony recognized as part of Seoul's cultural heritage, took place Tuesday at Miari Pass Art Theater in Seoul on Wednesday. The ritual, which dates back to the Joseon dynasty (1392- 1910), held a unique status as one of the few religious ceremonies permitted within Seoul's city walls during an era when most other rituals were prohibited. The traditional practice, featuring chanters reciting an

November 6, 2024

PHOTOS: Cafe industry show opens in Seoul

SEOUL, November 6 (AJP) - Cafe Show Seoul, a major coffee and food service exhibition, opened Wednesday at COEX convention center in Seoul, bringing together industry professionals and vendors showcasing products. The four-day trade show, features exhibits of coffee, tea, bakery products, desserts and ice cream. The show is jointly organized by the-cup, a digital platform specializing in cafe management resources, and exhibition planner Exporum.

November 6, 2024

UN Security Council condemns North Korea's latest missile launches

SEOUL, November 6 (AJP) - The member countries of the United Nations Security Council once again condemned North Korea's recent missile launches and other provocations. The North's recent launch of an intercontinental ballistic missile (ICBM), capable of reaching the U.S. mainland, "in addition to the more than 100 ballistic missile launches since 2022 to date, is a clear violation of multiple UN Security Council resolutions, jeopardizes international peace and security

November 6, 2024

Financial watchdog suspends Korea Zinc's rights offering

SEOUL, November 6 (AJP) - Korea's financial watchdog on Wednesday blocked Korea Zinc’s rights offering plan amid a battle over control of the world’s largest zinc smelter. The company announced on Oct. 30 it will issue new shares worth 2.5 trillion won ($1.81 billion), apparently to fend off a takeover bid from its largest shareholder, Young Poong, and MBK Partners. The Financial Supervisory Service (FSS) ordered Korea Zinc to correct its securities report submitt

November 6, 2024

First Korean-American elected to US Senate

SEOUL, November 6 (AJP) - Korean-American congressman Andy Kim was elected to the U.S. Senate on Tuesday. The 42-year-old Democrat defeated his Republican rival Curtis Bashaw to secure a Senate seat for New Jersey, becoming the first ever Korean-American to serve in the upper house. The three-term congressman's victory comes after the fallout from a corruption scandal involving former New Jersey Senator Robert Menendez who resigned after being convicted of taking bribes. &

November 6, 2024

Ukrainian forces 'clash with North Korean troops,' leaving 'significant' number of casualties

SEOUL, November 6 (AJP) - Ukrainian forces have clashed with North Korean troops for the first time in Kursk, a Russian territory occupied by Ukraine, President Volodymyr Zelensky claimed on Tuesday. "The first battles with North Korean soldiers open a new page of instability in the world," he said during his nightly video address, calling on the international community to act decisively to prevent Russia's attempts to escalate its war in Ukraine. On the same day, t

November 6, 2024

BBQ Chicken to enter Indian market

SEOUL, November 6 (AJP) - Genesis BBQ, a major Korean chicken franchise, has signed a master franchise agreement (MFA) with India's Baramati Agro to enter the Indian market, the company said on Wednesday. Baramati Agro, established in 1988, operates across poultry processing, sugar production, retail, and agricultural product exports sectors, with nationwide logistics capabilities and raw material supply chains across India. "India's large youth population and signif

November 6, 2024

Coupang posts record Q3 revenue, operating profit up 29%

SEOUL, November 06 (AJP) - South Korean e-commerce giant Coupang reported on Wednesday an operating profit of 148.1 billion won ($110.9 million) in the third quarter, up 29 percent from a year earlier, while achieving record quarterly revenue of 10.69 trillion won ($7.87 billion), a 32 percent increase. The company's core product commerce segment, including Rocket Delivery and Fresh, generated revenue of 9.37 trillion won, up 20 percent year-on-year, while growth initiatives inc

November 6, 2024

Korean firms lose ground in global EV battery race

SEOUL, November 6 (AJP) - Despite slowing electric vehicle demand, global battery usage for EVs continued its upward trajectory this year, data showed Wednesday. The latest statistics from SNE Research, a Korean energy market research firm, also showed that South Korean manufacturers slightly lost ground to their Chinese rivals in the market. Total battery usage for all-electric, plug-in hybrid and hybrid vehicles reached 599 gigawatt-hours (GWh) in the first nine months of 202

November 6, 2024