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  HD Hyundai Heavy Industries wins US Navy ship repair contract SEOUL, August 6 (AJP) - HD Hyundai Heavy Industries announced Wednesday that it has secured a contract to perform maintenance, repair, and overhaul work on a U.S. Navy vessel. The deal marks the first such agreement since the two countries began discussing broader cooperation in shipbuilding. The contract involves the USNS Alan Shepard, a Lewis and Clark-class dry cargo ship weighing 41,000 tons. The work will be carried out at HD Hyundai Mipo Dockyard in Ulsan and is expected to August 6, 2025
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  Three former Sapeon employees indicted for stealing AI core technology SEOUL, August 06 (AJP) - South Korean prosecutors have indicted three former employees of the artificial intelligence chip company Sapeon, accusing them of leaking core technologies ahead of the company's planned merger with a domestic rival. The Suwon District Prosecutors' Office said Wednesday it charged two of the former employees with theft of industrial technology, unfair competition, and breach of trust. A third former executive was indicted without detention on the August 6, 2025
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  [K-Food] PHOTOS: Korea's summer stamina food SEOUL, August 06 (AJP) - As the summer heat grips the Korean Peninsula, many find themselves turning to food not just for nourishment but for revival. And while the instinct may be to cool down with icy treats or chilled dishes, Korean tradition takes a different path: when it gets hot, the food gets hotter. Contrary to expectations, Korea’s summer stamina foods — or boyangshik — are served steaming. Rooted in centuries of traditional medicine and culinary wis August 6, 2025
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  Elderly account for almost half of total medical expenditures SEOUL, August 6 (AJP) - With South Korea's rapidly aging population and declining birthrate, healthcare spending keeps rising as elderly people make up a larger proportion of those who seek medical treatments. According to data submitted on Wednesday to lawmaker Kim Mi-ae of the main opposition People Power Party (PPP) by the Ministry of Health and Welfare, the proportion of elderly patients aged over 65 rose to 44.8 percent last year, up from 43.1 percent in 2020. Their medi August 6, 2025
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  [K-Tech] Hanwha Systems delivers first mass-produced AESA radar for KF-21 fighter jet SEOUL, August 06 (AJP) - Hanwha Systems has completed delivery of South Korea’s first domestically mass-produced Active Electronically Scanned Array (AESA) radar for the KF-21 fighter jet, marking a significant milestone in the nation’s push for self-reliant defense technology, the company announced Wednesday. The radar handover ceremony was held Tuesday at the Hanwha Systems Integrated Research Center in Yongin, Gyeonggi Province. The event was hosted by South Korea&r August 6, 2025
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  Wall Street banks lift growth forecasts for S. Korea as exports, trade outlook improve SEOUL, August 6 (AJP) - Major international investment banks are turning more optimistic about South Korea’s economic prospects, with J.P. Morgan raising its 2025 growth forecast for the country for the second time in a month. J.P. Morgan has lifted its projection for South Korea’s real gross domestic product growth to 0.7 percent on July 24, up from 0.5 percent at the end of June. The 0.2 percentage-point upward revision follows stronger-than-expected second-quarter August 6, 2025
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  [K-Tech] Korean scientists develop AI chip that mimics human brain SEOUL, August 06 (AJP) - A research team at Dankook University in Seoul has developed a next-generation artificial intelligence semiconductor that mimics the human brain by learning through light, the university announced Wednesday — a potential breakthrough in the emerging field of neuromorphic computing. Led by Professor Choi Jun-hwan of the Department of Chemical Engineering, the team engineered a neuromorphic chip that replicates the structure and function of biological August 6, 2025
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  [K-Film] Actor Lee Byung-hun among recipients of special award at Toronto film fest SEOUL, August 6 (AJP) - Actor Lee Byung-hun will receive an award at the upcoming Toronto International Film Festival (TIFF), which is scheduled to take place in Canada next month. According to organizers of the annual festival, Lee has been chosen as one of the recipients of the Tribute Award, which honors those who have made "outstanding contributions to cinema," along with Mexican-born filmmaker Guillermo del Toro, versatile Japanese writer and producer Mitsuyo Miyazaki August 6, 2025
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  Ex-first lady faces questioning over multiple allegations SEOUL, August 6 (AJP) - Former first lady Kim Keon-hee appeared for questioning over a slew of allegations on Wednesday. The wife of disgraced former President Yoon Suk Yeol arrived at the independent prosecutors' office in Gwanghwamun in central Seoul around 10:10 a.m., several minutes later than scheduled, becoming the first ex-first lady in the country's modern history to be publicly summoned on criminal charges. Amid a barrage of questions from reporters, describing h August 6, 2025
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  Coupang posts record revenue, ramps up AI adoption for future growth SEOUL, August 06 (AJP) - South Korean e-commerce company Coupang Inc. reported record quarterly revenue in the second quarter of 2025, buoyed by a broader product lineup and strong international performance, particularly in Taiwan. In a filing with the U.S. Securities and Exchange Commission, Tuesday (local time), Coupang said revenue rose 19.3 percent year-over-year to 11.98 trillion won, or approximately $8.52 billion. The company surpassed its previous record of 11.49 trillion August 6, 2025