[K-Tech] Korean biotech firms target Middle East's healthcare markets

SEOUL, August 05 (AJP) - South Korean pharmaceutical and biotechnology companies are ramping up expansion into the Middle East, seizing new opportunities in healthcare as Gulf nations shift their economic focus away from oil and toward medical innovation and services. Botulinum toxin manufacturers and medical artificial intelligence firms are at the forefront of this push, aiming to tap into rising healthcare investments across the Gulf Cooperation Council (GCC) countries, industry

August 5, 2025

South Korea moves to shore up steel industry hit by US tariffs, Chinese imports

SEOUL, August 5 (AJP) - A joint inspection team made up of senior government officials and industry representatives visited major steelworks in the southeastern port city of Pohang on Tuesday, as South Korea confronts a deepening crisis in its steel sector driven by U.S. tariffs and a surge in low-cost Chinese imports. The team, including officials from the Ministry of Trade, Industry and Energy, the Ministry of Economy and Finance, and the Ministry of Land, Infrastructure and Trans

August 5, 2025

Striker Son Heung-min's move to Los Angeles FC 'imminent'

SEOUL, August 5 (AJP) - Striker Son Heung-min appears to be on the verge of joining Los Angeles FC. Son "is poised to sign with MLS side LAFC, with an unveiling happening as soon as Wednesday," ESPN reported Monday, citing sources. The American sports network added that Son is set to join LAFC for a "fee of around $26 million." Amid months of swirling transfer rumors, Son finally confirmed he is leaving Tottenham Hotspur, just ahead of a pre-season friendly

August 5, 2025

POSCO joins bid to acquire Australia's historic steelworks

SEOUL, August 05 (AJP) - South Korean steel firm POSCO has joined an international consortium to pursue the acquisition of the Whyalla steelworks in South Australia, as part of a broader strategy to secure low-carbon raw materials and bolster its green transition. The consortium, which includes Australia’s BlueScope Steel, Japan’s Nippon Steel, and India’s JSW Group, has submitted a non-binding expression of interest to the South Australian government. If succ

August 5, 2025

KAIST study finds that inflammation during pregnancy may cause childhood asthma and allergies

SEOUL, August 04 (AJP) - KAIST researchers have discovered how inflammation in the placenta during pregnancy can alter a baby's immune system, leading to stronger allergic reactions such as asthma after birth. The study is the first in the world to show exactly how this prenatal inflammation affects immune development and raises new possibilities for early prediction and prevention of childhood allergic diseases. The findings were announced on August 4 by KAIST, whose research

August 4, 2025

[K-Film] Park Chan-wook's new thriller to open Busan film fest next month

SEOUL, August 4 (AJP) - Award-winning director Park Chan-wook's latest film will open this year's Busan International Film Festival (BIFF), which is slated to be held in the southern port city next month. According to organizers of the annual film fest on Monday, "No Other Choice" starring Lee Byung-hun and Son Ye-jin has been chosen as the curtain-raiser for BIFF, which kicks off its 10-day run on Sept. 17, with Lee set to host the festival's opening ceremony.

August 4, 2025

[PHOTOS] S. Koreans enjoy scorching summer

SEOUL, August 04 (AJP) - As the peak of summer sets in, vacation spots across South Korea are bustling with people making the most of the season. Beaches and festival grounds are filled with crowds enjoying their summer break. Here is a glimpse of how people are spending their summer days.

August 4, 2025

[K-Tech] Korea selects five teams to develop national AI models in major push for technological sovereignty

SEOUL, August 04 (AJP) - The South Korean government has selected five elite teams to spearhead the development of foundational artificial intelligence models, marking a major step in the country’s effort to build a sovereign AI ecosystem. The Ministry of Science and ICT announced Monday that the teams — Naver Cloud, Upstage, SK Telecom, NC AI, and LG AI Research — were chosen following a government-led evaluation of proposals based on technological capability, s

August 4, 2025

South Korea begins dismantling loudspeakers along border

SEOUL, August 4 (AJP) - South Korea on Monday began dismantling loudspeakers used for propaganda broadcasts along the border with North Korea. Military authorities here said about 20 loudspeakers installed along the heavily armed border will be removed within two to three days as part of measures to "ease tensions between the two Koreas." The move comes as a follow-up step about two months after President Lee Jae-myung ordered a halt to propaganda broadcasts less than a

August 4, 2025

[K-Tech] Ground broken for South Korea's first renewable biofuel plant

SEOUL, August 4 (AJP) - LG Chem has begun construction on South Korea’s first hydrotreated vegetable oil (HVO) production facility, marking a major step in the country’s push to expand its footprint in sustainable energy and materials. The plant, located in the coastal city of Seosan in South Chungcheong Province, is being developed by LG-Eni Biorefining, a joint venture between LG Chem and Italian energy company Eni. Completion is expected by 2027, the company said in a

August 4, 2025