Seoul gains traction as fine-dining destination SEOUL, March 24 (AJP) - Seoul is rapidly emerging as a destination for global gourmets, with interest in the city's fine dining rising sharply recently. According to an analysis by Singapore-based online travel agency Trip.com, searches for fine dining restaurants in Seoul are on the rise. The biggest increase came from Singapore at 22.2 percent from a year ago, followed by Japan at 21.7 percent, Thailand at 17.9 percent and Hong Kong at 15.7 percent. Among South Kore March 24, 2026

KITA launches Korea-India Exchange Committee to boost business cooperation SEOUL, March 24 (AJP) - The Korea International Trade Association (KITA) announced Tuesday that it has launched the Korea-India Exchange Committee in Seoul to strengthen bilateral economic cooperation. The committee will operate through two groups: an India committee within KITA comprising 28 Korean companies either operating in or seeking entry into India, and a Korea committee under the Confederation of Indian Industry (CII), made up of Indian companies interested in expanding int March 24, 2026

Asia advances on easing Middle East tensions and oil price drop SEOUL, March 24 (AJP) — Asian markets found modest relief Tuesday on signals of a potential truce after U.S. President Donald Trump suspended his ultimatum over attacks on Iran’s power infrastructure, though gains were pared amid mixed signals from Tehran and Gulf states. Japanese stocks rose at the open on expectations of early de-escalation in the Middle East, with the Nikkei 225 rebounding after plunging more than 5 percent in the previous session on fears of prolon March 24, 2026

Samsung SDI signs mid-to-long-term LFP cathode supply deal with L&F SEOUL, March 24 (AJP) - Samsung SDI said it has signed a mid-to-long-term supply agreement with domestic battery materials maker L&F to secure lithium iron phosphate (LFP) cathode materials outside of China, as it accelerates its push into the North American energy storage system (ESS) market. Under the agreement announced Tuesday, Samsung SDI will procure about 1.6 trillion won ($1.06 billlion) worth of LFP cathode materials from L&F over three years beginning next year for March 24, 2026

Three workers killed in wind turbine fire in Yeongdeok SEOUL, March 24 (AJP) - Three workers in their 40s and 50s died in a fire at a wind turbine in the eastern coastal county of Yeongdeok on Monday while conducting repairs and inspections. A fire broke out during the staged demolition process. According to Yeongdeok County authorities, all 24 wind turbines installed at the Changpo Wind Farm and nearby areas were installed in 2005 and have exceeded their 20-year design life. The workers who died in the fire were inspecting the bendin March 24, 2026

HMM marks 50th anniversary with new vision, growth strategy SEOUL, March 24 (AJP) - South Korean container shipping giant HMM unveiled a new corporate vision and growth strategy as it marked the eve of its 50th founding anniversary, signaling fresh ambitions to expand beyond its core shipping business. At a ceremony held at the company's headquarters Tuesday in Yeouido, Seoul, Chief Executive Choi Won-hyok and about 100 employees gathered to formally launch the vision statement "Move Beyond Maritime," which the company describe March 24, 2026

LG Electronics sells over 3 million washers globally SEOUL, March 24 (AJP) - The cumulative sales of LG Electronics' high-end washing machines have exceeded 3 million units, the home appliance giant said on Wednesday. Since its launch in the U.S. in September 2020, the Tromm WashTower, a washing machine that combines a washer and dryer in a single stacked unit, has been sold in about 77 countries, with some 1.2 million units sold in South Korea as of February. Buoyed by its energy efficiency and convenience, demand is risin March 24, 2026

KOSPI jumps as Iran strike fears ease, oil prices tumble SEOUL, March 24 (AJP) — South Korea’s benchmark KOSPI opened sharply higher on Tuesday upon expectation of a potential truce. Seoul’s main index rose 4.39 percent to 5,643.00 at the open, while the KOSDAQ gained 3.47 percent to 1,135.00. Gains later pared to around 2 percent as conflicting remarks from Washington and Tehran over a possible truce tempered early optimism. U.S. President Donald Trump delayed a potential strike on Iran by five days and signaled op March 24, 2026

Celltrion to invest 1.2 trillion won in new Songdo plant, expanding drug substance capacity to 571,000 liters SEOUL, March 24 (AJP) - Celltrion announced plans to invest about 1.23 trillion won ($821 million) to build two new drug substance manufacturing plants at its Songdo campus in Incheon, as it moves to meet rising global demand for its biosimilar and novel drug products. The new Plants 4 and 5 will add 180,000 liters of drug substance (DS) production capacity to Celltrion's existing network, the company said Tuesday. Combined with a separately announced expansion at its Branchb March 24, 2026

North Korea calls South Korea 'most hostile' SEOUL, March 24 (AJP) - North Korea called South Korea the "most hostile” country, vowing to maintain the country's status as a nuclear weapons state, state media reported on Tuesday. During a speech outlining policy priorities at the country's Supreme People's Assembly in Pyongyang the previous day, its leader Kim Jong-un said the country's nuclear status is irreversible and warned that any attempt by what he called "hostile forces" to infringe March 24, 2026