Gov't, Samsung management jointly pressure union after wage talks collapse SEOUL, May 13 (AJP) - The South Korean government and Samsung Electronics management ratcheted up pressure on the labor union ahead of a planned monthlong strike next week after marathon government-mediated talks over a profit-linked bonus system collapsed early Wednesday. “A strike must never happen under any circumstances,” Deputy Prime Minister and Finance Minister Koo Yun-cheol wrote on X on Wednesday, pledging to continue mediation to keep the dialogue momentum al May 13, 2026

ASIA INSIGHT: The Middle East must now move toward a 'Noah Accord' Saudi Arabia’s First Direct Strike on Iranian Soil — The Middle East Must Now Move Toward a “Noah Accord” A new desert wind is sweeping across the Middle East. Reports that Saudi Arabia has directly struck targets inside Iranian territory are not merely another military headline. They represent a historic signal that the regional order has entered a new and more dangerous phase. For decades, Saudi Arabia and Iran confronted one another while carefu May 13, 2026

North Korean leader inspects munitions factories, calls for stronger artillery forces SEOUL, May 13 (AJP) - North Korean leader Kim Jong-un inspected munitions factories and called for strengthening "mortar and howitzer forces," state media reported on Wednesday. According to the state-run Korean Central News Agency (KCNA), Kim, accompanied by senior military officials and other key aides, "gave field guidance at several munitions industrial enterprises" earlier this week to "learn about the implementation of munitions production assignments May 13, 2026

S. Korea extradites mastermind who targeted BTS' Jungkook in $25.4 mln fraud SEOUL, May 13 (AJP) - South Korean authorities on Wednesday repatriated a 40-year-old Chinese national accused of leading a sophisticated hacking ring that attempted to steal 8.4 billion won from BTS star Jeon Jung-kook. The suspect, identified only as A, was escorted from Bangkok to Incheon International Airport following a coordinated effort between the Ministry of Justice and the National Police Agency. The extradition marks a major development in an investigation into a syndic May 13, 2026

UPDATE: Job growth hits 16-month low in Korea in April, youth employment dips *Updated with additional information SEOUL, May 13 (AJP) — South Korea’s job growth slowed in April to its weakest pace since December 2024, when the country was grappling with the aftermath of the martial law episode, as the war in the Middle East dragged into a third month. The number of employed people aged 15 and older rose by 74,000 from a year earlier to 28.96 million in April, the Ministry of Data and Statistics said Wednesday. It marked the smallest gain May 13, 2026

Samsung Electronics union heads toward strike after govt-mediation talks collapse SEOUL, May 13 (AJP) -Samsung Electronics and its largest labor union failed to bridge differences over bonuses in a final round of government-mediated wage negotiations, raising the likelihood of a monthlong strike that could ripple through the global semiconductor supply chain starting next week. The breakdown came after 17 hours of overnight talks at the National Labor Relations Commission in Sejong, where labor and management sought to reach a 2026 wage agreement but ulti May 13, 2026

Seoul signals phased support for US-led Hormuz mission SEOUL, May 13 (AJP) -South Korea has told the United States it is willing to consider a phased contribution toward restoring safe passage through the Strait of Hormuz, Defense Minister Ahn Gyu-back said Tuesday. Seoul conveyed to Washington that it would “participate as a responsible member of the international community” and review “step-by-step contribution measures” related to the reopening and protection of maritime traffic through the strategic waterway May 13, 2026

ASIA INSIGHT: Kazakhstan's grand strategy for AI age and reinvention of Eurasia Across the immense steppe of Central Asia, Kazakhstan is attempting something far larger than economic reform. It is attempting a civilizational repositioning. For decades, Kazakhstan was known primarily as a resource giant — a country blessed with vast reserves of oil, natural gas, uranium and rare minerals. It remains the wealthiest of the five Central Asian “Stan” nations and, in many respects, the geopolitical anchor of the region stretching from Uzbekistan May 12, 2026

Iran's Hormuz submarines trace lineage to class linked to sinking of ROKS Cheonan SEOUL, May 12 (AJP) — Iran’s reported deployment of additional Ghadir-class midget submarines in the Strait of Hormuz as tensions with the United States intensify is reviving painful memories in South Korea of the country’s deadliest postwar naval disaster. The 2010 sinking of the ROKS Cheonan, which killed 46 South Korean sailors near Baengnyeong Island in the Yellow Sea, was attributed by a multinational investigation to a North Korean Yono-class midget submarine May 12, 2026

AI-related policy uncertainty sends KOSPI on rollercoaster ride SEOUL, May 12 (AJP) - South Korea's benchmark KOSPI suffered the sharpest decline among Asian markets on Tuesday, reversing sharply after briefly approaching the 8,000 threshold as foreign investors unloaded semiconductor shares amid growing uncertainty over the country's artificial intelligence (AI)-related policies. The index closed down 2.3 percent at 7,643.15 points after swinging between a high of 7,999.67 and a low of 7,421.71. Investor sentiment deteriorated rapidl May 12, 2026