Latest
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South Korea's HD Hyundai targets naval contracts in India
SEOUL, November 11 (AJP) - HD Hyundai Heavy Industries said Tuesday it had signed a memorandum of understanding with Cochin Shipyard, India’s largest state-owned shipbuilder, to help the country modernize its maritime capabilities. The agreement centers on the Indian Navy’s Landing Platform Dock (LPD) project, part of New Delhi’s effort to strengthen domestic shipbuilding. Under the accord, the two companies will cooperate on design, construction and technology
November 11, 2025
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PHOTOS: Korean rivers, coasts teem with seasonal life
SEOUL, November 11 (AJP) - As the Korean Peninsula transitions into the late days of autumn, a familiar drama has begun to unfold along its coasts and waterways, offering a stark tableau of seasonal migration and feeding rituals. In the south, the rare spoonbill has once again been sighted along the shores of Jeju Island. Concurrently, farther north in Gangneung, photographers have gathered at Namdaecheon Stream, staking out positions to capture images of the magnificent osprey as i
November 11, 2025
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Budget carrier Jin Air reaches milestone of 100 million passengers
SEOUL, November 11 (AJP) - Jin Air has carried over 100 million passengers as of early November, the budget carrier said on Tuesday. The milestone comes roughly 17 years and four months after the airline launched its no-frills service with its first route between Gimpo and Jeju in July 2008. The accumulated number of passengers had reached approximately 99.94 million by the end of October, surpassing 100 million in early November, with 56.1 million traveling on domestic flights
November 11, 2025
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Korean and Japanese businesses to hold forum on bilateral FTA and economic bloc
SEOUL, November 11 (AJP) - South Korean and Japanese business leaders, academics and media professionals will gather next week in Seoul to discuss how Asia’s second- and fourth-largest economies can align to build a tech-driven economic bloc and better navigate global uncertainties. The Korea-Japan Business Forum, co-hosted by Aju Media Group (AJP, ABC, Aju Business Daily) and Japan’s NNA, will take place on Nov. 19 at the Seoul Foreign Correspondents’ Club. P
November 11, 2025
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South Korea's largest hydrogen center begins operation
SEOUL, November 11 (AJP) - A joint venture between Lotte Chemical and Air Liquide has opened South Korea’s largest high-pressure hydrogen shipping center. The facility, located in the Daesan Petrochemical Complex in South Chungcheong Province and operated by Lotte-Air Liquide Ener’Hy, a joint venture established in 2022, will supply high-pressure hydrogen across South Korea’s central region, including Seoul. It is expected to play a key role in fueling hydr
November 11, 2025
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KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing
SEOUL, November 11 (AJP) - Korean and Japanese equities extended their coupled strength on Tuesday, lifted by easing concerns over the U.S. government shutdown and renewed confidence that recent warnings over an AI bubble may have been overstated. South Korea’s benchmark KOSPI climbed as much as 2.6 percent to 4,179.51 in early trading, while the tech-heavy KOSDAQ rose 1 percent to 897.31. Large-cap shares led the advance: Samsung Electronics gained 3.8 percent to 104,400 won
November 11, 2025
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Hyundai Motor to supply electric buses to Indonesia's Bali
SEOUL, November 11 (AJP) - Hyundai Motor said on Tuesday that it had been selected as the final contractor to supply electric buses to Bali, Indonesia. The South Korean automaker won the contract through an international bidding process organized by the Global Green Growth Institute, or GGGI, an environmental organization backed by the South Korean government. The project is part of Indonesia’s broader push to promote sustainable mobility and reduce carbon emissions in tou
November 11, 2025
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TV personality Park Kyung-lim donates 200 million won to support children in need
SEOUL, November 11 (AJP) - Versatile TV personality Park Kyung-lim has donated 200 million Korean won (or about US$136,000) to support children from underprivileged families, a charity agency run by the Seoul Metropolitan Government said on Tuesday. The donation came just a few months after she invited around 1,000 children and young people to her musical "Again Dream High," supporting them in pursuing their dreams and fostering their career development. At that tim
November 11, 2025
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OPINION: Debates over raising retirement age emerge as South Korea becomes super-aged society
SEOUL, November 11 (AJP) - With South Korea now officially a "super-aged society," concerns are mounting over how to secure stable income for its rapidly growing elderly population. This has reignited discussions about further raising the retirement age, a decade after it was last set at 60 in 2013. Proposals to raise the retirement age to 65 have sparked mixed reactions, exposing generational and social divides over how and when such changes should take effect. The ruling Democrati
November 11, 2025
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CJ CheilJedang's 3Q dips nearly 27% on cost spike related to raw materials and FX
SEOUL, November 11 (AJP) - South Korea's food giant CJ CheilJedang on Tuesday reported double-digit fall in its third-quarter earnings as the global popularity of K-food was outweighed by money-losing bio and feed operations. According to its disclosure, its operating profit plunged 25.6 percent on year to 203 billion won on revenue of 4.5 trillion won ($3.08 billion) for the quarter ended September. Including CJ Logistics, consolidated revenue inched up 0.3 percent on year
November 11, 2025