South Korea pushes for drone autonomy through standardization SEOUL, May 08 (AJP) - South Korea is moving to standardize its drone industry around K-MOSA as the government seeks to shorten development cycles, lower production costs and build a scalable domestic manufacturing ecosystem for unmanned systems. The initiative comes as drones rapidly redefine modern warfare from Ukraine to the Middle East, exposing how military competitiveness increasingly depends not only on advanced unmanned systems but also on resilient supply chains and the cap May 8, 2026

Kolmar posts record quarterly profit amid rising demand for sunscreen products SEOUL, May 8 (AJP) - Cosmetics maker Kolmar posted its best-ever quarterly results, thanks to surging demand for sun-care products ahead of the summer season. Its operating profit for the first three months of this year rose 31.6 percent from a year earlier to 78.9 billion Korean won (about US$54 million), while revenue increased 11.5 percent to 728 billion won and net profit jumped 158.7 percent to 60 billion won. Both operating profit and revenue reached record highs for May 8, 2026

Lotte Wellfood Q1 operating profit more than doubles on overseas growth SEOUL, May 08 (AJP) - South Korean confectionery maker Lotte Wellfood announced that its first-quarter operating profit more than doubled from a year earlier, lifted by brisk sales in India and Kazakhstan that helped offset sluggish domestic demand. According to regulatory filings released Friday, operating profit jumped 118.4 percent to 35.8 billion won ($24.3 million) on a consolidated basis. Revenue rose 5.4 percent to 1.03 trillion won, while net profit slipped 26.6 percent to 1 May 8, 2026

Flower market bustles with shoppers on Parents' day SEOUL, May 08 (AJP) -In South Korea, spring does not fully arrive until the carnations appear. Every year on May 8, families across the country celebrate Parents' Day, a national observance dedicated to honoring both mothers and fathers. Streets fill with bouquets wrapped in pink paper, flower stalls spill over with red carnations, and schoolchildren clutch handmade pins and handwritten letters on their way home. The carnation has become the defining symbol of the holiday & May 8, 2026

South Korea loses ground in ship orders as China sweeps up new contracts SEOUL, May 8 (AJP) - South Korea's share of global ship orders fell sharply in April despite a rebound in global ship orders, as China swept up a far larger portion of new contracts, according to data released by London-based Clarkson Research Services on Friday. Global ship orders for the month totaled 6.49 million compensated gross tons (CGT) or 204 vessels, up 21 percent from a year earlier. South Korea secured just 16 percent of global orders or 1.05 million CGT acros May 8, 2026

Chinese robot cleaners sweep Korean homes as data worries linger SEOUL, May 08 (AJP) - "Life is so different that I classify things before and after Roborock came into our lives," said 50-year-old Korean housewife Lee Young-joo. She is far from alone. Chinese robot vacuum maker Roborock has crossed the symbolic 50 percent threshold in South Korea's robot vacuum market, overturning a long-held assumption in one of the world's most brand-conscious appliance markets: that Chinese electronics brands would remain bargain-bin alter May 8, 2026

OPINION: China invokes new era of regional legality KARACHI, May 08 (AJP) - In the shadow of the highly anticipated Beijing summit between President Xi Jinping and President Donald Trump, a seismic shift has rattled the foundations of the global energy order—one that has far less to do with the flow of crude and far more to do with the architecture of global power. On May 2, 2026, China’s Ministry of Commerce moved beyond the realm of diplomatic protest to issue a definitive prohibition order under its Anti-Foreign Sanc May 8, 2026

North Korea to 'deploy new self-propelled howitzers along border within this year' SEOUL, May 8 (AJP) - North Korea will deploy new self-propelled howitzers along the border with South Korea "within this year," state media reported on Friday. According to the state-run Korean Central News Agency, its leader Kim Jong-un visited a munitions factory earlier in the week where he "learned about the production of new-type self-propelled gun-howitzers for three battalions to be deployed at the long-range artillery unit in the southern borderline wi May 8, 2026

KOSPI retreats after historic rally as foreign investors dump shares SEOUL, May 8 (AJP) - South Korea's KOSPI took a breather on Friday after a strong three-day rally that saw the benchmark index gain more than 13 percent, weighed down by heavy foreign selling. As of around 11 a.m., the KOSPI stood at 7,378.17, down 1.49 percent, from the previous session. The retreat came just a day after the index briefly crossed the 7,500 mark for the first time in its history, having surpassed the 7,000 threshold in the previous session, as foreign investo May 8, 2026

Lee discusses semiconductor and AI cooperation in first phone call with Dutch PM SEOUL, May 8 (AJP) - President Lee Jae Myung spoke with Dutch Prime Minister Rob Jetten over the phone, Cheong Wa Dae said on Friday. The call the previous day was their first conversation since Jetten took office last February. In a written press briefing, presidential spokesperson Kang Yu-jung said the two leaders agreed to strengthen cooperation in advanced industries including artificial intelligence, semiconductors and other technologies. According to Kang, Lee expressed May 8, 2026