Latest
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INTERVIEW: Data centers, nuclear power to drive next wave of overseas construction
SEOUL, December 09 (AJP) - South Korean construction companies must move beyond traditional building roles and reposition themselves as comprehensive value creators to remain competitive globally, said Han Man-hee, chairman of the International Contractors Association of Korea (ICAK). In an interview, Han said international clients are increasingly seeking partners capable of improving quality of life through integrated urban and infrastructure solutions, rather than firms focus
December 9, 2025
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South Korea's fixated weak won calls for a long-term policy reset
SEOUL, December 09 (AJP) - South Korea is running out of quick fixes. With the local currency stuck in the band of 1,470 won per dollar for nearly a month and inflation pressures reawakening, economists say the country can no longer rely on ad-hoc tools, verbal interventions, or temporary tax cuts to stabilize forex. Instead, the entrenched weakness of the won is exposing the need for a fundamental, long-term overhaul of the nation’s macroeconomic, energy-import, and capit
December 9, 2025
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For South Korean stars, fame comes with a lasting moral burden
SEOUL, December 08 (AJP) - Comedian Park Na-rae has become the latest South Korean celebrity to disappear from public view after failing to withstand the country’s notoriously unforgiving ethical expectations for public figures. After a monthlong barrage of online criticism and allegations of workplace mistreatment from former managers, Park announced Monday she would “step away” from entertainment until the controversy is fully resolved. Her departure leaves a sla
December 8, 2025
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KOSPI closes higher on LGES battery deal while Chinese and Japanese markets stay flat
SEOUL, December 8 (AJP) - The South Korean stock market saw gains on Monday, while other major Asian markets including Japan and China, remained flat. South Korea's benchmark KOSPI rose 1.3 percent to close at 4,154.85, while the junior KOSDAQ edged up 0.3 percent to finish at 927.79. Memory chip giant Samsung Electronics gained 0.9 percent, closing at 109,400 won (US$75), and rival SK hynix rose 5.2 percent to 573,000 won. LG Energy Solution, the third-largest company in ter
December 8, 2025
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KAIST researchers develop water spray purifier capable of removing dust without filters
SEOUL, December 08 (AJP) - A research team at the Korea Advanced Institute of Science and Technology (KAIST) announced on December 8 that developers had created a novel air purification technology capable of removing 99.9% of fine dust without the use of filters, mechanical pumps, or noise, while emitting zero ozone. The research team, led by Department of Materials Science and Engineering Professor Kim Il-Doo and Department of Mechanical Engineering Professor Lee Seung-Seop, succ
December 8, 2025
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Korean big-box retailers shrink under decade-old regulations
SEOUL, December 08 (AJP) - South Korea’s largest hypermarket chains are steadily losing ground as long-standing regulatory constraints undermine their competitiveness while e-commerce and less-regulated rivals expand, industry data show. The total number of outlets operated by major chains — including E-Mart, Lotte Mart and Homeplus — fell 7.5 percent to 392 this year from 424 in 2017. E-Mart reduced its store count from 159 to 157, Lotte Mart from 123 to
December 8, 2025
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PHOTOS: Strolling through Jeju's Yakcheonsa temple
SEOUL, December 08 (AJP) - Yakcheonsa Temple gets its name from a spring that flows from spring to fall and a pond with medicinal water that runs year-round. The temple boasts the largest dharma hall in East Asia. Currently, it is beloved for its extensive temple grounds walks and temple stay programs.
December 8, 2025
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Rise in vaping keeps smoking rate from declining further, survey finds
SEOUL, December 8 (AJP) - Although conventional cigarette smoking has decreasing, the rising use of e-cigarettes means that overall tobacco consumption is not declining as much as it could be, a new survey suggests. The Korea Disease Control and Prevention Agency surveyed 230,000 adults between May and July and released its findings on Monday. According to the survey, the smoking rate for traditional cigarettes dropped to 17.9 percent, down 1 percentage point from the previous
December 8, 2025
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As U.S. and China drop denuclearization language, Seoul downplays shift
SEOUL, December 08 (AJP) - The United States and China have both subtly or explicitly backed away from the long-held principle of "complete denuclearization" of North Korea, yet Seoul appears largely unconcerned — a stance that is raising alarms among security watchers. Analysts say the shift is not abrupt but rather an unmistakable acknowledgment of a transformed strategic landscape. North Korea is now a constitutionally protected nuclear-armed state; the Unite
December 8, 2025