Black Monday exposes vulnerabilities of external-reliant Korean economy SEOUL, Mar 09 (AJP) - The Black Monday bombshell in South Korean capital markets has once again laid bare the vulnerabilities of the country’s external-reliant economy, now facing the dreaded triple highs of oil prices, the dollar and interest rates — a classic recipe for stagflation. Crude prices touched above $110 per barrel for the first time since the early months of Russia’s invasion of Ukraine in 2022, marking one of the fastest climbs since the oil crises March 9, 2026

Indian spring festival brings colors flying in Miryang SEOUL, March 09 (AJP) - Miryang city in South Gyeongsang Province held the 16th Holi Hai Festival at the Sunshine Miryang Theme Park Cultural Plaza on March 8. Approximately 1,000 Korean and foreign participants joined the event. Holi is a traditional Indian festival celebrating the arrival of spring where people throw colored powder and water at each other. The event was designed as a platform for communication where citizens and foreign residents can enjoy togeth March 9, 2026

UAE airlifts Korean MSAM II interceptors as Gulf tensions rise SEOUL, March 09 (AJP) - South Korea has delivered more than 30 interceptor missiles for its Cheongung-II (M-SAM II) medium-range surface-to-air missile system to the United Arab Emirates ahead of schedule, as the Gulf state seeks to bolster its air defenses amid rising tensions with Iran. According to government sources, the UAE had requested early delivery of additional Cheongung-II batteries. Seoul reportedly found the request difficult to meet due to existing supply commitments March 9, 2026

South Korea on alert as nearly 200 sailors remain in Persian Gulf SEOUL, March 9 (AJP) - Some 183 South Korean sailors are confirmed in the Persian Gulf, with the government here stepping up efforts to ensure their safety amid the ongoing conflict in the Middle East. After a meeting chaired by Vice Minister and Acting Minister Kim Seong-beom, the Ministry of Oceans and Fisheries said on Monday that about 146 sailors are aboard 26 South Korean-flagged ships, while 37 are on foreign-flagged vessels as of last Sunday. No South Korean sailors hav March 9, 2026

i-dle becomes first K-pop girl band to host solo concert at Taipei Dome SEOUL, March 09 (AJP) - Five-member K-pop girl band i-dle successfully drew more than 36,000 fans on March 7, at a concert held at Taipei Dome as part of its fourth world tour, its agency Cube Entertainment said Monday. The band, comprised of five members -- Miyeon, Minnie, Soyeon, Yuqi and Shuhua -- had their concert tickets sold out immediately after general ticket sales opened on Feb. 1. The upcoming Taipei concert follows the group's three-day concert per March 9, 2026

Go grandmaster urges shift to AI collaboration decade after AlphaGo match SEOUL, March 9 (AJP) - Former South Korean Go grandmaster Lee Se-dol returned to the site of his historic 2016 match against AlphaGo on Monday to advocate for a new era of cooperation between humans and artificial intelligence. Speaking during a press conference held at the Four Seasons Hotel in Seoul, the same location where he faced the Google DeepMind program 10 years ago, Lee reflected on how the perception of AI has evolved from a competitive threat to a collaborative tool. March 9, 2026

K-pop girl band ITZY's Yuna to roll out solo debut album 'Ice Cream' SEOUL, March 09 (AJP) - Yuna, the youngest member of the five-member K-pop girl band ITZY, will make her solo debut with album "Ice Cream," her agency JYP Entertainment said Monday. Ice Cream will consist of four tracks, including the title track of the same name. The album will be released at 6 p.m. (0900 GMT) on March 23 across major music streaming platforms. According to the tracklist released through the official social media accounts, the album will contain four so March 9, 2026

South Korea, Switzerland extend currency swap deal by another five years SEOUL, March 9 (AJP) - South Korea has agreed with Switzerland to extend their currency swap deal by five years, financial authorities here said on Monday. According to the Bank of Korea (BOK), the bilateral currency swap deal will now run until March 1, 2031, allowing the two countries to swap up to 10 billion Swiss francs or about 18.5 trillion won (US$12.4 billion). A currency swap allows one country to deposit its own currency in another country's reserves in return March 9, 2026

South Korea, US kick off annual joint exercise SEOUL, March 9 (AJP) - South Korean and U.S. troops began their annual joint military exercise on Monday to strengthen their combined defense posture. The exercise, dubbed Freedom Shield (FS), runs until March 19 under a scenario simulating a full-scale war to prepare for contingencies on the Korean Peninsula. The exercise, involving about 18,000 troops, similar to the levels seen last year, also aims to assess combat readiness to prepare for the transfer of wartime operational March 9, 2026

BTS Comeback D-12: Seoul goes hard on lodging and scalping SEOUL, March 09 (AJP) - South Korea and its capital city authorities have intensified inspections of accommodations and launched a massive crackdown on ticket scalping as the K-pop legend is preparing for its comeback with a free public concert in central Seoul on March 21. The multi-agency enforcement effort follows the discovery of widespread lodging violations and reports of tickets for the free event being resold for hundreds of thousands of won. The Seoul City said Sunday tha March 9, 2026