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  South Korea posts record current account surplus of $14.27 billion in June SEOUL, August 8 (AJP) - South Korea recorded its largest-ever monthly current account surplus in June, buoyed by resurgent semiconductor exports and a surge in dividend income from overseas investments, the Bank of Korea said Friday. The surplus reached $14.27 billion, the most since the central bank began compiling data, according to preliminary balance of payments figures for June. It marked the 26th consecutive month of a surplus, underscoring the resilience of the country’ August 8, 2025
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  Lee expected to meet Trump for first bilateral summit late this month SEOUL, August 8 (AJP) - President Lee Jae-myung is expected to sit down for talks with U.S. President Donald Trump in Washington later this month. According to government sources, Lee is likely to fly to Washington, D.C. on Aug. 24 for his first bilateral summit with Trump at the White House the following day. The upcoming summit will be Lee's first test in bilateral relations, marking his official debut on the international diplomatic stage, although he briefly participated August 8, 2025
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  North Korea 'embraces nascent mobile payment services' SEOUL, August 8 (AJP) - North Korea appears to have embraced nascent mobile payment and digital wallet services. More and more North Koreans are making payments using mobile phones, with cash transactions "becoming increasingly rare," the Choson Sinbo, a mouthpiece for Pyongyang in Japan, reported on Thursday. According to the daily published by the General Association of Korean Residents in Japan or Chongryon, residents in Pyongyang are now able to use their mobile dev August 8, 2025
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  LIG Nex1, Doosan, Hyosung Heavy included in MSCI index SEOUL, August 8 (AJP) - Global index provider MSCI has added three South Korean companies to its Korea Index in its latest quarterly rebalancing, while removing three others. The new additions, announced Thursday (local time), include defense contractor LIG Nex1, construction and robotics firm Doosan, and electric motor manufacturer Hyosung Heavy Industries. Companies dropped from the index are food and biotechnology conglomerate CJ CheilJedang, electric components maker LG Innot August 8, 2025
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  POSCO's construction unit under full government probe following repeated worker deaths SEOUL, August 08 (AJP) - South Korea’s Ministry of Land, Infrastructure and Transport has launched a sweeping safety inspection of nearly 100 construction sites operated by POSCO Engineering & Construction, the government announced Thursday, in the wake of a series of fatal workplace accidents. The probe, which began in late July, targets construction sites where POSCO E&C is the main contractor. The company, a subsidiary of steel giant POSCO Holdings, has faced moun August 8, 2025
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  PHOTOS: Zoos help animals beat heat SEOUL, August 08 (AJP) - As sweltering summer temperatures bear down, the challenges for zoo animals are significant. The intense heat often leads to considerable stress, making it difficult for many species to cope. In response, zookeepers are providing cool, nourishing meals and other relief efforts to help the animals regain their energy and find comfort. This collection of photographs offers a glimpse into the creative ways zoos are helping their residents endure the season August 8, 2025
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  Naver's second quarter net profit jumps nearly 50 percent SEOUL, August 8 (AJP) - Naver, South Korea’s largest internet company, said on Friday that its second-quarter net profit surged nearly 50 percent from a year earlier, aided by a base effect tied to changes in its corporate structure and gains across its core business segments. Net income for the April-to-June period rose to 497.4 billion won, or about $359.6 million, the company said in a regulatory filing. That marks a 47.9 percent increase from the same period last year. August 8, 2025
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  Samsung Electronics, SK hynix could avoid US chip tariffs under new Trump policy SEOUL, August 8 (AJP) - The Trump administration will waive newly announced semiconductor tariffs for companies that commit to building manufacturing facilities in the United States during President Donald Trump’s current term, the Commerce Secretary said on Thursday (local time), signaling a possible reprieve for major South Korean chipmakers including Samsung Electronics and SK hynix. In an interview with Fox News, Secretary Howard Lutnick sought to clarify President Trump&r August 8, 2025
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  From optics to AI: Canon's bold bet on future of imaging Editor's Note: This article is the 30th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, August 06 (AJP) - Once a small precision optics workshop in Tokyo, Canon Inc. has evolved into one of Asia’s most prominent technology conglomerates. In 2025, the Japanese company is sharpening its focus on artificial intelligence and sustainable manufactu August 8, 2025
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  [K-Culture] Hanbok Expo weaves tradition into four seasons SEOUL, August 7 (AJP) - The vibrant energy of South Korea's four seasons came to life through hanbok, the country's traditional clothing. The 2025 Hanbok Expo, a four-day expo launched on Thursday at COEX in southern Seoul, featured a fashion show that highlighted the elegance of the country's traditional attire through seasonal fabrics. Professor Shim Yeon-ok of the Korea National University of Cultural Heritage, who directed the fashion show, said August 7, 2025