PHOTOS: Children learn traditions of Lunar New Year festival

SEOUL, January 22 (AJP) - As Korea's major holiday, the Lunar New Year known as "Seollal," nears next week, kindergarten children in various regions in South Korea are learning the customs of performing a New Year's bow and traditional folk games.

January 22, 2025

LG Display swings to profit in fourth quarter, driven by strong OLED sales

SEOUL, January 22 (AJP) - LG Display returned to profitability in the fourth quarter of 2024, reporting an operating profit of 83.1 billion won ($62.3 million), as its strategic pivot toward OLED technology began to bear fruit, the company announced Wednesday. Fourth-quarter revenue rose 6 percent year-on-year to 7.83 trillion won, with OLED products accounting for a record 60 percent of total sales. The growth was primarily driven by increased shipments of smartphone displays, un

January 22, 2025

Actor Ji Chang-wook named ambassador to promote young scouts

SEOUL, January 22 (AJP) - Actor Ji Chang-wook has been appointed as a promotional ambassador for young scouts, the Korea Scout Association said on Wednesday. The appointment ceremony was held in Yeouido, Seoul on Jan. 11 where Ji was presented with a plaque and a symbolic neckerchief. "Ji, who is expanding his acting spectrum by taking on versatile roles, is expected to play a great role in not only promoting young scouts but also delivering the values of challenges and grow

January 22, 2025

Resort operator Daemyung Sono launches bid to take over T'way Air

SEOUL, January 22 (AJP) - Resort operator Daemyung Sono Hospitality Group announced on Wednesday its intent to acquire budget airliner T’way Air, signaling its ambitious foray into the aviation industry. Sono International, the group's holding company, issued a management proposal to T’way Air early this week, the firm said. Daemyung Sono’s push into aviation underscores its efforts to diversify beyond its core hospitality business. The move follows heigh

January 22, 2025

Korean builders eye global opportunities under Trump presidency

SEOUL, January 22 (AJP) - South Korean construction companies are assessing potential opportunities in international reconstruction projects under U.S. President Donald Trump’s administration, while grappling with challenges posed by interest rate hikes and exchange rate volatility. Industry analysts warn that high U.S. interest rates under Trump could weigh heavily on South Korea’s construction and real estate sectors. With the dollar-won exchange rate hovering around

January 22, 2025

South Korea discusses defense industry collaboration with Saudi prince

SEOUL, January 22 (AJP) - South Korea discussed ways to strengthen defense ties with Saudi Arabia, the Defense Acquisition Program Administration (DAPA) here said on Wednesday. According to the arms procurement agency, Saudi Arabia's Prince Abdullah Bin Bandar Bin Abdulaziz, also the Minister of National Guard, met with DAPA chief Seok Jong-geon during Seok's three-day visit to the Middle Eastern country, which began on Jan. 19. He also talked with executives from top So

January 22, 2025

Viet Nam emerges from political turmoil with bold reforms, strong growth

SEOUL, January 22 (AJP) - Both the Viet Nam News Agency and Viet Nam Express ranked the death of Communist Party General Secretary Nguyen Phu Trong and the appointment of four new top leaders as the first and second biggest news stories of 2024. The Viet Nam News Agency listed the reorganization of state institutions as third and the achievement of 7.09 percent GDP growth as fourth. Let's review Viet Nam's notably eventful 2024 and gauge the direction of future changes. A ye

January 22, 2025

New US Secretary of State vows to prioritize American interests

SEOUL, January 22 (AJP) - With the inauguration of U.S. President Donald Trump, Marco Rubio began his first day as Secretary of State on Tuesday, vowing to prioritize American interests in his diplomatic agenda. The Senate unanimously confirmed the former Florida senator the previous day as the first Cabinet member to join Trump's non-consecutive second term. Trump's primary promise "when it comes to foreign policy is that the priority of the United States Department

January 22, 2025

Korea will increase smart farms to bolster agricultural sector

SEOUL, January 22 (AJP) - The South Korean government has unveiled a plan to modernize its agricultural sector, aiming to transform 35 percent of the nation’s greenhouses into ICT-based smart farms by 2029. The move is part of a sweeping effort to address the dual challenges of climate change and a shrinking rural workforce. According to the Ministry of Agriculture, Food and Rural Affairs on Tuesday, under the five-year plan, the government will upgrade 35 percent of South

January 22, 2025

North Korea's rubber-stamp parliament convenes amid Trump's return to power

SEOUL, January 22 (AJP) - North Korea's rubber-stamp Supreme People's Assembly is reportedly convening on Wednesday for the first time this year. The gathering comes in coincidence with the inauguration of U.S. President Donald Trump, who was sworn in earlier this week. North Korea's state media, which had disclosed the gathering last month, briefly covered Trump's inauguration early in the morning, without any commentary, marking the first time it reported on him si

January 22, 2025