China's Temu expands in South Korea with major logistics hub

SEOUL, March 20 (AJP) - Chinese e-commerce giant Temu has secured its first major logistics facility in South Korea, signaling a significant escalation in its expansion strategy just two years after entering the market. According to industry sources, the company has signed a long-term lease for a sprawling distribution center in Gimpo near Seoul. The 165,000-square-meter facility — roughly the size of 23 soccer fields — features ten floors above ground and one below, equ

March 20, 2025

PHOTOS: Lotte World Adventure, Korea's premier theme park

SEOUL, March 20 (AJP) - Nestled in the heart of Songpa-gu, Lotte World Adventure stands as one of South Korea’s premier theme parks, seamlessly blending nostalgia and modern attractions. First opened in July 1989, the sprawling complex was completed in March 1990 with the addition of Magic Island, an outdoor extension that offers visitors an immersive, fairy tale-inspired retreat. Conveniently connected to Jamsil Station via an underground entrance, Lotte World Adventure welcomes gue

March 20, 2025

National debt of South Korea surpasses 6,000 trillion won for first time

SEOUL, March 20 (AJP) - South Korea’s national debt surpassed 6,222 trillion won ($4.27 trillion) for the first time in the third quarter of 2024, reaching approximately 2.5 times the country’s gross domestic product, according to data released on Thursday by the Bank for International Settlements. The country’s non-financial sector credit — which includes household, corporate and government debt — rose 4.1 percent from a year earlier to 6,222 trillion

March 20, 2025

Indian embassy in Seoul hosts briefing on WAVES 2025 summit

SEOUL, March 20 (AJP) - SEOUL – The Embassy of India in the Republic of Korea held a briefing session Wednesday to introduce the inaugural World Audio-Visual & Entertainment Summit (WAVES) 2025, which aims to attract a global audience of industry leaders, policymakers, and investors, strengthening India’s position as a major hub for media and entertainment. WAVES 2025, scheduled to take place from May 1 to 4, in Mumbai, will showcase India’s thriving media an

March 20, 2025

K-beauty on budget: Daiso's affordable finds for tourists, locals

Editor's Note: This article marks the first in a series exploring the evolving landscape of the Korean beauty industry and the products that captivate international visitors. This series is designed to offer insights into the products, brands, and cultural shifts defining Korea’s beauty scene today. SEOUL, March 19 (AJP) - Visitors to South Korea often joke about needing an extra suitcase just for beauty products. Yet, for first-time shoppers, navigating the country&r

March 20, 2025

North Korea given exemption for medical supplies from WHO

SEOUL, March 20 (AJP) - North Korea is expected to receive some medical supplies from the World Health Organization (WHO) after the United Nations Security Council approved an exemption from international sanctions, Radio Free Asia reported on Thursday. According to the U.S. government-funded news outlet, the exemption, granted on Feb. 13, allows the WHO to send vital equipment to the isolated country. The shipment, valued at approximately $63,000, will include 20 types of medica

March 20, 2025

Korean pharma leader Celltrion's biosimilar push gains momentum

Editor's Note: This article is the 11th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, March 19 (AJP) - South Korean biopharmaceutical firm Celltrion is making significant strides in the U.S. biosimilar market, a rapidly evolving and highly competitive sector, even as potential tariffs cast uncertainty over the industry’s future. The company h

March 20, 2025

Türkiye's STRATCOM Public Forum Seoul Calls for Global Justice and UN Reform

SEOUL, March 20 (AJP) - The STRATCOM Public Forum Seoul, hosted by the Republic of Türkiye Directorate of Communications at the Four Seasons Hotel in central Seoul on Wednesday, gathered around 200 scholars, foreign diplomats, journalists, and key public figures under the theme "A Fairer World is Possible." The forum served as a platform to discuss the urgent need for global justice, multilateralism, and reform of the United Nations. Professor Fahrettin Altun, Head

March 20, 2025

Police step up readiness for Yoon's impeachment ruling on the horizon

SEOUL, March 19 (AJP) - Police are ramping up security measures with plans to mobilize nearly all available resources in central Seoul as the Constitutional Court of Korea is shortly expected to deliver its final verdict on President Yoon Suk Yeol's impeachment trial over his botched martial law debacle late last year. According to police sources on Wednesday, the highest-level security alert will be issued on the day of the court's ruling, which will decide Yoon's fate

March 19, 2025

North Korea holds world's third-largest stash of bitcoins

SEOUL, March 19 (AJP) - North Korea is estimated to hold the third-largest amount of bitcoin in the world, following a series of covert cyberattacks targeting cryptocurrencies, a recent analysis reveals. A hacker group called Lazarus, which is thought to be linked with the North Korean regime, currently holds approximately 13,562 bitcoins valued at US$1.14 billion, according to cryptocurrency exchange Binance and blockchain analytics firm Arkham Intelligence. That puts North Kore

March 19, 2025