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  LIG Nex1 signs pact with Airbus to bolster air defense cooperation SEOUL, September 23 (AJP) - South Korean defense firm LIG Nex1 said Tuesday it had signed an agreement with Airbus Defense and Space to expand collaboration on integrated air defense systems. The agreement, finalized on Sept. 22 at LIG Nex1’s headquarters in Pangyo, Gyeonggi Province, builds on an earlier pact signed during the Seoul International Aerospace and Defense Exhibition in 2023. Company officials said the latest deal aims to strengthen research in integrated a September 23, 2025
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  Samsung heir begins naval officer training to become ensign SEOUL, September 23 (AJP) - Lee Ji-ho, the son of Samsung Electronics chairman Lee Jae-yong, began his military service as a naval officer candidate with a ceremony in Jinhae, South Gyeongsang Province on Tuesday. Of the 84 candidates who enrolled last Monday, 83 attended the ceremony after one male candidate withdrew. They will undergo 10 weeks of combat training, including marksmanship, chemical, biological, and radiological (CBR) defense drills as well as exercises involving in September 23, 2025
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  Celltrion shares jump on deal to acquire Eli Lilly and fend off US tariff risks SEOUL, September 23 (AJP) - South Korean biopharmaceutical company Celltrion's shares surged upon a major M&A deal in the United States, setting the contract-based drug maker better positioned against U.S. tariff exposure. The company said on Tuesday its U.S. operation signed a deal to acquire Eli Lilly's biopharmaceutical manufacturing facility in Branchburg, New Jersey for about 460 billion won ($330 million), with an aim to close the deal by the end of the year. Sh September 23, 2025
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  PHOTOS: The present and future of the Korean Army at Gyeryongdae airstrip SEOUL, September 23 (AJP) - From the moment visitors passed through the main gate of Gyeryongdae and walked toward the venue, there was a palpable sense of tension and anticipation. The chance to see up close the military equipment usually only seen on television quickened their steps. Upon entering the airstrip with the guidance of soldiers, the scale was overwhelming. Massive tanks stood proudly with their barrels pointed skyward, helicopters spread their rotor blades wide, and September 23, 2025
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  Lotte exit from Ho Chi Minh property project exposes risks in Vietnam SEOUL, September 23 (AJP) - South Korea’s Lotte Group has officially withdrawn from a large-scale property development in Ho Chi Minh City after completing documentation for its exit, according to regulatory filings. The company concluded that the Thu Thiem Eco Smart City project had become “financially unfeasible” as costs ballooned due to regulatory delays and surging land prices. The project, on a 74,513 m² site with a 50,000 m² development area in f September 23, 2025
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  Homegrown multi-purpose satellite shipped to South America ahead of launch in November SEOUL, September 23 (AJP) - A multi-purpose satellite, dubbed "Arirang 7," has been shipped to South America, the Korea AeroSpace Administration (KASA) said on Tuesday. The satellite, equipped with an ultra-high-resolution electro-optical camera, left the KASA in Daejeon on a freight aircraft bound for the Guiana Space Center in Kourou, French Guiana. The homegrown satellite, expected to arrive there on Thursday, is being transported in a specially designed, vibration September 23, 2025
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  Kim Jong-un reaffirms closer ties with Xi Jinping in message through domestic newspaper SEOUL, September 23 (AJP) - North Korean leader Kim Jong-un has reaffirmed his country’s commitment to strengthening ties with China, sending a reply letter to Chinese President Xi Jinping that was published on the front page of Rodong Sinmun on Tuesday. The letter was written in response to Xi’s earlier congratulatory message marking the 77th anniversary of North Korea’s founding. In the official English version of the message, provided by the Korean Central New September 23, 2025
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  Seoul's AI initiative gains BlackRock support SEOUL, September 23 (AJP) - South Korea is making strides in the race for artificial intelligence (AI) supremacy as it brings on U.S. funding to back its initiative to become the Asia-Pacific hub of the big data economy. Korea's Ministry of Science and ICT signed a memorandum of understanding with BlackRock on a global partnership in the AI industry on the sidelines of President Lee Jae Myung's meeting with BlackRock CEO Larry Fink in New York on Monday (local time). The September 23, 2025
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  South Korea, Japan, and US reaffirm commitment to North Korea's denuclearization SEOUL, September 23 (AJP) - The foreign ministers of South Korea, Japan, and the U.S. on Monday reiterated their commitment to the denuclearization of North Korea during a meeting on the sidelines of the UN General Assembly in New York, while stressing the importance of their trilateral alliance. South Korean Foreign Minister Cho Hyun met with U.S. Secretary of State Marco Rubio along with his Japanese counterpart Iwaya Takeshi. In a joint statement released later in the day, the September 23, 2025
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  Bithumb partners with Trump-backed blockchain company SEOUL, September 23 (AJP) - South Korea’s leading cryptocurrency exchange, Bithumb, has entered into a strategic partnership with World Liberty Financial, a blockchain finance company co-founded by Donald Trump Jr. and his brother Eric Trump. The agreement, announced Monday at Bithumb Financial Tower in Seoul, was formalized through a memorandum of understanding signed by Bithumb’s Chief Executive, Lee Jae-won, and Jack Forkman, a co-founder of World Liberty Financia September 23, 2025