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  At least three dead after collapse at retired power plant in Ulsan SEOUL, November 7 (AJP) - Search operations are underway at a thermal power plant in southeastern city of Ulsan on Friday, after a large structure collapsed during demolition work the previous day. Two workers were rescued shortly after the incident at the state-run utility company Korea East-West Power, while two others were found earlier in the day but pronounced dead. One victim who was found trapped under debris also died, bringing the death toll to three. They were amon November 7, 2025
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  Korean robotics sector battles Chinese and Japanese competition as it bets on AI-driven revival SEOUL, November 07 (AJP) - South Korea's industrial robotics sector is struggling to find a breakthrough as it rapidly loses home ground to Chinese and Japanese rivals and faces the risk of new tariff barriers in the United States. Responding to appeals from domestic manufacturers, the Ministry of Economy and Finance on Thursday announced provisional anti-dumping tariffs of 21.17 percent to 43.6 percent on multi-jointed industrial robots with four or more axes from China and Jap November 7, 2025
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  Behind the buzz over K-Pop Demon Hunters, K-contents score meagerly this year SEOUL, November 07 (AJP) - Korean contents have enjoyed spectacular global exposure this year through major streaming platforms, but without the halo of K-Pop Demon Hunters — the rare breakout that dominated global charts — the industry can hardly claim meaningful wins amid a dearth of blockbuster titles, mounting production costs, and waning originality. The third-quarter results of CJ ENM, Korea’s largest entertainment and media group, offer a glimpse into this November 7, 2025
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  OPINION: C5+1 Summit — A New Chapter for Central Asia's Growth and Partnership SEOUL, November 07 (AJP) - On November 6, 2025, the C5+1 Summit between the United States and the five Central Asian nations convened in Washington, D.C., marking the 10th anniversary of the framework’s launch and opening a new chapter for regional cooperation. Currently, six major global partners — the United States, Japan, the European Unio November 7, 2025
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  After APEC glow, Korean businesses confront hard reality of 'regulatory bomb' SEOUL, November 07 (AJP) - Just days after South Korea wrapped up the Asia-Pacific Economic Cooperation summit and concluded tariff negotiations with the United States, the nation’s business community is facing a surge of new domestic regulations — a shift that many executives describe as abrupt and burdensome. The government and the ruling party are moving quickly to advance legislation that would raise the retirement age to 65, accelerate national greenhouse November 7, 2025
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  North Korea launches ballistic missile into East Sea SEOUL, November 7 (AJP) - North Korea launched an unidentified ballistic missile into the East Sea, military authorities said on Friday. The Joint Chiefs of Staff (JCS) said it detected suspicious activities at around noon, shortly before the missile was fired from North Pyongan Province. According to JCS, the missile, believed to be short-range, flew 700 kilometers before splashing into the sea near Kilju in North Hyanggyong Province. Friday's launch is the seventh this November 7, 2025
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  Samsung Heavy secures $199 million order to build two crude oil tankers SEOUL, November 07 (AJP) - Samsung Heavy Industries said on Friday that it had secured an order worth about $199 million to build two crude oil tankers for a North American client, with delivery scheduled by January 2029. The deal brings the company’s total orders this year to $5.6 billion, or about 83 percent of its $5.8 billion target for merchant ships. “Following an $800 million preliminary order for offshore production facilities and a recent letter of intent November 7, 2025
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  Asian markets fall, KRW breaches crisis-linked 1,450 per USD SEOUL, November 07 (AJP) - Asian shares fell sharply in early Friday trading as investors reacted to overnight losses on Wall Street, sending South Korea’s benchmark indices below key thresholds and pushing the Korean won past a psychologically critical level historically associated with periods of upheavals. The won weakened rapidly in morning trade, with the dollar rising to 1,454.8 won as of 10:20 a.m. in Seoul. The breaches of the 1,450 level have typically coincided with November 7, 2025
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  Korea's Kakao posts record Q3 earnings, eyes AI-driven boost in Q4 SEOUL, November 07 (AJP) - Kakao reported its strongest quarterly earnings ever in the third quarter, with operating profit surpassing 200 billion won ($138 million) for the first time since its founding and expects the rollout of ChatGPT-powered services to offer meaningful boost to the chat platform most Koreans use starting fourth quarter. According to its regulatory filing Friday, Kakao’s consolidated revenue reached 2.087 trillion won in the July–September period, November 7, 2025
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  K-food exports surge in Middle East, North America SEOUL, November 07 (AJP) - South Korea’s exports of food and agricultural products climbed 5.7 percent to $11.24 billion this year, buoyed by strong demand for ramen, beverages, and other Korean food products across global markets, the government said on Friday. According to the Ministry of Agriculture, Food and Rural Affairs, agricultural and food exports rose 5 percent to $8.56 billion, while exports in the broader agricultural industry — including anima November 7, 2025