OPINION: Why Trump's election win fueled stock market surge

SEOUL, November 21 (AJP) - Following Donald Trump's victory in the U.S. presidential election, Bitcoin was one of the assets that surged in value. This was widely felt to be a response to Trump's promise to establish a strategic Bitcoin reserve – essentially holding a large stock of the cryptocurrency as a security. On Nov. 13, the week after Trump's win, Bitcoin broke through the US$90,000 (£71,340) price threshold for the first time, and the value of the gl

November 21, 2024

North Korean troops in Russia engaged in battles, spy agency confirms 

SEOUL, November 20 (AJP) - Part of North Korean troops deployed to Russia are believed to be engaged in battles under the command of Russia's airborne brigade or marine corps, South Korea's spy agency said on Wednesday. "Some 11,000 North Korean soldiers moved to Kursk in late October, after completing their training in northeastern Russa," lawmakers quoted an official from the National Intelligence Service (NIS) as saying in a closed-door meeting. Kursk is a Ru

November 20, 2024

KCCI to work with Singaporean institute to fight carbon emissions

SEOUL, November 20 (AJP) - South Korea’s Korea Chamber of Commerce and Industry (KCCI) has joined forces with Singapore’s non-profit Asia Carbon Institute (ACI) to strengthen the voluntary carbon market (VCM) in Asia, a region responsible for approximately 60% of global carbon emissions. The VCM is a market where entities not subject to mandatory emissions reduction targets, such as companies, local governments, and individuals, can voluntarily participate in carbon re

November 20, 2024

SK Hynix VP stresses adaptability to market shifts in HBM development

SEOUL, November 20 (AJP) - SK Hynix Executive Vice President Choi Woo-jin, head of the company’s Package & Test (P&T) division, emphasized the importance of technological preparedness and adaptability to market shifts. “Understanding market conditions and customer needs quickly is fundamental, and it’s important to consistently prepare technology that can support this,” Choi said in an interview published on the company’s newsroom on Tuesday.

November 20, 2024

KIST researchers develop new method of rare earth metal recycling

SEOUL, November 20 (AJP) - Researchers at the Korea Institute of Science and Technology (KIST) have made a significant breakthrough in rare earth metal (REE) recovery with the development of a new fiber-based material. This innovative material, composed of metal-organic frameworks and polymer composite fibers, exhibits exceptional absorption capabilities for neodymium and dysprosium, two critical REEs used in various high-tech applications. The material can absorb neodymium at 468

November 20, 2024

Michelin-starred chef showcases southern Italian cuisine to Seoulites

SEOUL, November 20 (AJP) - A Michelin-starred chef presented how to cook Mediterranean dishes at an event in Seoul on Wednesday. At the annual event showcasing Italian cuisine, chef Cristina Bowerman shared replicable recipes using ingredients from the Puglia region of southern Italy. "The Puglia region is abundant with a diverse range of ingredients delightful to the palate, such as vegetables, seafood, mushrooms, and cheese," she said. "I'm so delighted to

November 20, 2024

PHOTOS: Farmers rally in Seoul to demand rice price stabilization, President Yoon's resignation

SEOUL, November 20 (AJP) - A protest was held in Seoul today, November 20, 2024, to oppose rice imports and demand the stabilization of rice prices. Protesters also called for the resignation of President Yoon Suk Yeol, accusing him of failing to address the issue of plummeting rice prices and destroying farmers' livelihoods through expanded agricultural imports. Organizers estimated that 10,000 people participated in the protest, while police put the figure at 6,000.

November 20, 2024

PHOTOS: Students call for professor's dismissal over alleged sexual harassment

SEOUL, November 20 (AJP) - Students at Seoul Women's University staged an on-campus protest on Wednesday, calling for disciplinary action against a professor accused of sexual harassment. They spray-painted messages criticizing him at several locations on campus buildings in northern Seoul. The professor was slapped with a three-month salary cut and other penalties for allegations of repeated physical harassment of students, but that was not enough for the angry students, who are now c

November 20, 2024

Ukrainian Embassy in Seoul holds event marking 1,000 days of war

SEOUL, November 20 (AJP) - An event in central Seoul on Tuesday marked the 1000th day of Russia's invasion of Ukraine. Hosted by the Embassy of Ukraine in Seoul, the solemn event at the War Memorial of Korea in Yongsan, Seoul was attended by over 30 ambassadors from diplomatic missions, embassy officials and others. The event included a moment of silence to honor the victims of the war, followed by a music performance featuring students from Ewha Womans University. A phot

November 20, 2024

US greenlights potential sale of fight jet upgrades to South Korea

SEOUL, November 20 (AJP) - South Korea will acquire equipment, program support and other related logistics to upgrade its F-15K fighter jets from the U.S. The Defense Security Cooperation Agency (DSCA) said on Tuesday that the U.S. State Department has approved the purchase which is estimated to cost US$6.2 billion. The procurement is being made under the Foreign Military Sales (FMS) program, which is part of the U.S. strategy to supply weapons to foreign governments and requires

November 20, 2024