Latest news
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Shilla Duty Free, Paradise City partner to attract foreign tourists
SEOUL, July 02 (AJP) - Shilla Duty Free has joined forces with Paradise City, a major integrated resort and casino complex, to launch a collaborative marketing campaign aimed at boosting foreign tourist traffic, the companies announced Wednesday. The agreement outlines a strategic partnership that will combine the two companies’ strengths in duty-free retail and hospitality to enhance services for international visitors. As part of the arrangement, Shilla Duty Free will o
July 2, 2025 -
Musinsa to sell fashion, beauty products targeting young consumers at GS25 stores
SEOUL, July 02 (AJP) - South Korean fashion platform Musinsa is expanding its collaboration with GS25, one of the country’s largest convenience store chains, introducing a new lineup of summer apparel and debuting its first beauty products at retail locations nationwide, the company announced Wednesday. The partnership extension includes five new items from the Musinsa Standard Express collection — the company’s casual sub-label tailored for retail distribution &
July 2, 2025 -
Hybe names new heads for Americas and APAC as global push accelerates
SEOUL, July 02 (AJP) - Hybe, the South Korean entertainment company behind BTS, has appointed Isaac Lee as CEO and Chairman of Hybe America, expanding his current leadership role over Latin America to include the entire Western Hemisphere. The move reflects Hybe's broader push to streamline global operations and build stronger local networks in key music markets. The entertainment powerhouse that nurtured top K-pop acts such as BTS and TXT said Wednesday that Lee, who has serv
July 2, 2025 -
Hanwha Ocean to build Korea's next-generation icebreaking research vessel
SEOUL, July 02 (AJP) - South Korea has taken a significant step in expanding its polar research capabilities with the selection of Hanwha Ocean as the preferred bidder to construct the country’s next-generation icebreaking research vessel. The vessel, to be built under the supervision of the Ministry of Oceans and Fisheries, is scheduled for delivery by December 2029. The new ship will more than double the capacity of the country’s first and only existing icebreaker
July 2, 2025 -
TRAVEL: The royal pines of Samcheok — A legacy etched in wood
SAMCHEOK, July 02 (AJP) - In the mountainous reaches of Samcheok, Gangwon Province, lies Jungyongmyo, the tomb of General Yangmu, the father of King Mokjo and a fifth-generation ancestor of Yi Seong-gye, the visionary who founded the Joseon Dynasty. Surrounding this sacred ground is a remarkable forest of Geumgang pine trees, a distinctive species deeply woven into the fabric of Korean history and culture. This dense cluster boasts approximately 140,000 pine trees, many of them
July 2, 2025 -
FBI on hunt for disguised North Korean IT workers in crypto theft scheme
SEOUL, July 2 (AJP) - U.S. federal investigators have been searching for four North Koreans allegedly involved in an IT scheme to steal cryptocurrency from blockchain firms and launder the illicit proceeds of their thefts. According to the U.S. Federal Bureau of Investigation (FBI), they were placed on a wanted list on Tuesday with a reward of up to US$5 million for information leading to their capture. "Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju, and Chang Nam Il are wanted
July 2, 2025 -
Inflation hits five-month high in South Korea as food prices climb
SEOUL, July 02 (AJP) - South Korea’s consumer inflation edged higher in June, returning to the 2 percent range after a brief dip, as rising food and seafood prices fueled by warming ocean temperatures drove costs upward, government data showed Wednesday. The Consumer Price Index rose 2.2 percent year-on-year, up from 1.9 percent in May, according to Statistics Korea. The index reached 116.31, based on 2020 prices set at 100 — the fastest rate of inflation since January
July 2, 2025 -
US set to impose new tariffs on Korean goods as steel, automobile exports stumble
SEOUL, July 2 (AJP) - South Korea’s exports declined in the first half of 2025, as mounting U.S. tariffs on key goods — including steel and automobiles — weighed heavily on trade, with additional duties of up to 15 percent set to take effect next week. According to data released Tuesday by the Ministry of Trade, Industry and Energy, exports fell 0.03 percent year-on-year to $334.7 billion from January to June. While the drop appears slight, officials say the und
July 2, 2025 -
HD Hyundai to merge key construction units
SEOUL, July 02 (AJP) - HD Hyundai has unveiled plans to merge two of its major subsidiaries — HD Hyundai Construction Equipment and HD Hyundai Infracore — into a single, unified entity tentatively named HD Construction Equipment. The boards of both companies approved the merger plan in meetings held on July 1. The new company is expected to be officially launched on Jan. 1, 2026, pending regulatory approvals and a shareholder vote. Once combined, the company is proj
July 2, 2025 -
North Korea's massive coastal tourist zone opens after epic delay
SEOUL, July 2 (AJP) - North Korea has opened its long-awaited tourist zone in the eastern coastal area of Kangwon Province after years of construction delays, state-run media reported on Wednesday. According to the country's state-run Korean Central News Agency (KCNA), the "magnificent tourist attraction which is unparalleled in the world" was opened to the public the previous day with "many guests" on the first day of its grand opening. Located in the so
July 2, 2025
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K-pop anime film soundtrack tops US music chart
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Japan travel demand drops over fears of July earthquake
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Gov't set to distribute cash vouchers after passing $22.7 bln supplementary budget
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France looks to deepen IP cooperation with S. Korea in film and media
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GS Retail launches AI-assisted feature to help customers shop for alcoholic beverages
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Chinese tech giant Tencent unveils massive investment plans to boost cloud business in South Korea
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Bong Joon-ho's 'Parasite' voted 'best film of 21st century' by NYT readers
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North Korea denounces Quad's demand for denuclearization
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KAIST and King Saud University partner to develop open-source AI model
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Empyrion Digital opens first new Gangnam data center in over a decade