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  Naver CEO joins UN Global Compact board SEOUL, September 18 (AJP) - Naver Chief Executive Choi Soo-yeon has been appointed to the board of the United Nations Global Compact, becoming the first Korean to join the sustainability initiative's governing body in 17 years, the Korean internet giant said Thursday. The appointment recognizes Choi's pioneering role in shaping international discourse on artificial intelligence governance and establishing ethical frameworks for AI development across the technology sector, it September 18, 2025
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  Fed rate cut opens door for Bank of Korea to loosen policy SEOUL, September 18 (AJP) - The Bank of Korea is widely expected to cut its benchmark interest rate as early as next month, after the U.S. Federal Reserve lowered borrowing costs for the first time in nine months, easing pressure on Korea’s currency and capital markets. The Fed’s decision on Wednesday (local time) to trim its policy rate by 0.25 percentage points to a range of 4 to 4.25 percent narrowed the gap with South Korea’s rate from a record 2 percentage p September 18, 2025
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  Belgium highlights business opportunities with S. Korea on biotech, life science innovation SEOUL, September 17 (AJP) - Belgium and South Korea spotlighted cooperative spirits in joining hands on life sciences during a business forum held Wednesday at the Shilla Seoul in the Jung District. Around 70 diplomats, business leaders, and special guests attended the seminar. Both Belgium Deputy Prime Minister and Minister of Employment, Economy and Agriculture David Clarinval and Deputy Prime Minister and Minister of Foreign Affairs, European Affairs and Development Cooperation M September 17, 2025
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  S.Korean firms hold off action after ICE detentions SEOUL, September 17 (AJP) - South Korean major companies with multibillion-dollar ventures in the United States are biding their time or adopting stopgap measures as they assess the fallout from the immigration raid at a Korean battery plant in Georgia. LG Energy Solution has suspended the final-stage construction of a $6 billion joint-venture battery plant with Hyundai Motor following the surprise raid by the Immigration and Customs Enforcement and arrest of 475 workers. The b September 17, 2025
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  School violence cases hit record high in South Korea SEOUL, September 17 (AJP) - Bullying and violence in South Korean schools have worsened despite tougher discipline and prevention efforts, with reported cases now affecting 5 percent of elementary school students, a government survey showed. Of the 3.26 million students from fourth grade through high school, 2.5 percent said they experienced school violence this year, up 0.4 percentage points from last year, according to the Education Ministry. The figure has steadily risen from 1 September 17, 2025
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  POSCO has eyes on HMM despite industry backlash and synergy doubts SEOUL, September 17 (AJP) - South Korea’s POSCO Group remains committed to pursuing the country’s sea flag carrier HMM, despite fierce competition for the asset and vocal protests from the maritime industry. POSCO has been reviewing the option of going after state-owned stake in HMM in hopes to cut logistics costs and strengthen resilience against global supply chain disruptions. HMM, formerly Hyundai Merchant Marine, absorbed assets and the Asia–U.S. East Coast September 17, 2025
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  Korean traditional medicine to broaden footprint in Middle East SEOUL, September 17 (AJP) - Korean traditional medicine has gained a new foothold in the global healthcare market, with the United Arab Emirates becoming the first country in the Middle East to formally recognize it as a distinct medicine. In April, the UAE introduced licensing requirements for Korean medicine practitioners as a part of efforts to realign its healthcare system with emphasis on expanding the role of traditional medicine, or the complementary and alternative medicine September 17, 2025
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  Georgia raid may foil Korean investment and ties: US senator SEOUL, September 17 (AJP) - Despite the stream of damage-control statements from Washington, the recent massive immigration raid at a South Korean battery plant in Georgia has rattled economic cooperation and investment prospects with Seoul, argued a U.S. Democratic senator. Senator Chris Van Hollen, representing Maryland, said in an e-mail interview with AJP on Tuesday that the Georgia raid threatened "our strong relationship with South Korea and the prospect of future inve September 17, 2025
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  Trump to visit South Korea next month for APEC summit, US envoy says SEOUL, September 17 (AJP) - U.S. President Donald Trump is expected to visit South Korea next month for the Asia-Pacific Economic Cooperation (APEC) summit, a U.S. envoy said on Wednesday. At a conference in central Seoul, Acting U.S. Ambassador to South Korea Joseph Yun said Trump will attend the multilateral gathering scheduled for Oct. 31 to Nov. 1 in the historic city of Gyeongju. Stressing the strong alliance between the two countries, Yun expressed expectations for another September 17, 2025
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  Ex-foreign minister poised to take up role as new envoy to US SEOUL, September 17 (AJP) - Former Foreign Minister Kang Kyung-wha is soon expected to officially assume her post as South Korea's ambassador to the U.S. National Security Adviser Wi Sung-lac said on Wednesday that Washington has completed its agrément procedures for her appointment. Kang served as the country's first female foreign minister under former President Moon Jae-in, working with top U.S. officials during U.S. President Donald Trump's first term from September 17, 2025