Korea's job growth in September hits 19-Month high, manufacturing still tepid

SEOUL, October 17 (AJP) - South Korea saw the largest job addition in 19 months in September, driven mainly by service-sector hiring under government stimulus measures, while manufacturing and youth employment remained sluggish, data showed Friday. According to the Ministry of Data and Statistics, the number of employed people aged 15 and over reached 29.15 million in September, an increase of 312,000 from a year earlier. It was the largest on-year gain since February 2023, when emp

October 17, 2025

INTERVIEW: K-Park in Kazakhstan's smart city embodies fortitude of ethnic Koreans — past and future

SEOUL, October 17 (AJP) - The K-Park Project, rising in Kazakhstan’s flagship smart city of Alatau, encapsulates both the endurance of the Koryo-saram—descendants of Korean settlers across the Russian Far East in the 19th and early 20th centuries—and their forward-looking confidence as a thriving minority in Kazakhstan’s digital transformation drive. "K-Park is not merely a memorial project. It is a symbol of gratitude toward the Kazakh people who emb

October 17, 2025

South Korea's Hyosung Heavy opens research center in Netherlands

SEOUL, October 17 (AJP) - South Korea's Hyosung Heavy Industries has opened its first European research and development center in Arnhem, the Netherlands, as part of efforts to strengthen its position in next-generation power technologies and eco-friendly energy solutions. The new facility marks the company’s first global R&D hub outside Asia and will focus on developing gas-insulated switchgear — a key component in power substations that traditionally relies

October 17, 2025

Samsung Biologics officially sheds biosimilar unit to expand as pure CMO

SEOUL, October 17 (AJP) - Samsung Biologics Co., already the world's largest contract-based drugmaker by capacity, has won full shareholders' blessing to shed its biosimilar business and double down on its global biological outreach as a pure contract manufacturing organization (CMO). The Songdo, Korea-based pharmaceutical giant said on Friday 99.9 percent of voting shares backed the spin-off proposal at an extraordinary general meeting in Incheon, attended by about 93 perce

October 17, 2025

Talks underway with Cambodia for repatriation of dozens of South Koreans

SEOUL, October 17 (AJP) - Talks are underway with Cambodia to bring back about 59 South Koreans detained over alleged online job scams and other various crimes, a government task force, currently in Phnom Penh, said on Friday. The development comes after the Southeast Asian country said the previous day that the detainees including four women would be deported to Seoul in cooperation with the South Korean Embassy there. "Authorities plan to deport 59 South Korean nationals&h

October 17, 2025

Daewoong Pharma in talks with Saudi government to build bio, drug production ecosystem

SEOUL, October 17 (AJP) - South Korea's Daewoong Pharmaceutical said Friday it has begun discussions with the Saudi Arabian government on introducing innovative drugs and developing a biotechnology ecosystem that includes research, development, and manufacturing investments. The talks reflect Saudi Arabia’s growing ambition to localize pharmaceutical production and expand its bio-manufacturing capacity as part of its broader economic diversification strategy under Visi

October 17, 2025

South Korea's HD Hyundai promotes heir Chung Ki-sun to chairman

SEOUL, October 17 (AJP) - South Korean conglomerate HD Hyundai on Friday appointed Chung Ki-sun, the third-generation heir of the conglomerate’s founding family, as chairman, formalizing his rise to the top of the nation's largest shipbuilding group. The move marks a generational transition and a shift toward owner-led management as the company prepares for a major corporate merger. Chung, 42, was promoted from senior vice chairman, a role he assumed last year. His

October 17, 2025

Asian shares mixed on profit-taking after chip rally, U.S. bad loan concerns

SEOUL, October 17 (AJP) - Asian markets opened mixed on Friday as investors weighed renewed credit market jitters in the U.S. and the region’s ongoing chip rally. In Seoul, the KOSPI slipped 0.53 percent to 3,728.50 as profit-taking set in after a bullish run to record highs. The secondary Kosdaq also traded lower. Samsung Electronics edged down 0.2 percent while SK hynix was flat, even as Taiwan’s TSMC reported stronger-than-expected quarterly profits. Automakers extend

October 17, 2025

Lee Kang-in named AFC's top Asian player

SEOUL, October 17 (AJP) - Midfielder Lee Kang-in, who plays for Paris Saint-Germain (PSG), was honored with an award by the Asian Football Confederation (AFC), the Asian governing body for football said on Thursday. At an awards ceremony in Riyadh, Saudi Arabia, Lee was named this year's "AFC Asian International Player of the Year," awarded to the top player from an AFC member country, beating rivals like Japan's Takefusa Kubo of La Liga club Real Sociedad and Ir

October 17, 2025

PHOTOS: Endangered cranes return

SEOUL, October 17 (AJP) - A flock of the white-naped crane, an internationally recognized endangered species, was observed in a rice paddy in Cheorwon County, Gangwon Province, on October 12. The white-naped crane is one of the world's rarest crane species, with a global population estimated to be only around 7,000 to 8,000 individuals. The cranes observed in Cheorwon are part of the eastern flyway population, which breeds in Russia and Mongolia before migrating south. Sout

October 17, 2025