White house to exempt cars and minerals from new 10 percent tariff SEOUL, February 21 (AJP) - The White House has made a decision that could provide significant relief for South Korean manufacturers, announcing Friday (local time) that it will exclude passenger cars and critical minerals from a new 10 percent import tax. The exemptions were included in a proclamation for a new temporary import surcharge that takes effect at 12:01 a.m. on February 24. This new policy follows a United States Supreme Court ruling earlier that day that struck down th February 21, 2026

OPINION: $10 Trillion "Trump Effect" Boomerang - a turning point for US-led trade order “Wherever law ends, tyranny begins.” — John Locke The U.S. Supreme Court’s decision on February 20, 2026, will be remembered less as a trade ruling than as a constitutional moment. In a 6–3 judgment, the Court struck down President Donald J. Trump’s sweeping global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), concluding that the statute did not authorize the president to levy what were, in substance, taxes. February 21, 2026

South Korea's presidential office to hold emergency meetings after US court tariff ruling SEOUL, February 21 (AJP) - South Korea's presidential office announced Saturday it will convene a high-level meeting of relevant ministries this afternoon to discuss the fallout from a United States Supreme Court decision that struck down President Donald Trump's centerpiece tariff policy. The meeting, scheduled for 2 p.m. (0500 GMT), will be co-chaired by National Security Adviser Wi Sung-lac and Kim Yong-beom, the presidential chief of staff for policy. It follows a sepa February 21, 2026

BTS Comeback-29: How K-pop is woven into the Korean heritage SEOUL, February 20 (AJP) - On a chilly afternoon during the Lunar New Year holiday, the long line outside the National Museum of Korea curled past the plaza and into the nearby park. Families carrying gift boxes, grandparents holding grandchildren’s hands, and young couples in padded coats waited patiently for their turn to enter. For many, this was not a detour between holiday meals. It was the destination. Over two days of the Seollal break — Feb. 16 a February 20, 2026

Korea's main index touches new ceiling, defying regional caution SEOUL, February 20 (AJP) - Korea’s main KOSPI played solo with eyes set on the next historic milestone of 6,000, regardless of simmering tensions in the Middle East that weighed on markets across the region and the globe. The key index rose 2.3 percent to close Friday at 5,808.5, bouncing right back after dipping to 5,684.9. The blue-chip KOSPI 200 advanced 2.3 percent to 859.6. It diverged from regional peers. Japan’s Nikkei 225 fell 1.1 percent to 56,825.7, while February 20, 2026

Impeached ex-president apologizes but still defends botched martial law bid SEOUL, February 20 (AJP) - Former President Yoon Suk Yeol on Friday apologized for the pain caused by his botched declaration of martial law in 2024, while defending it as a "measure solely intended to save the country and its citizens." His remarks came just a day after the Seoul Central District Court handed down a life sentence on charges of insurrection and abuse of power over his Dec. 3 declaration of martial law. Despite the apology, Yoon insisted that deploying t February 20, 2026

KAIST confers honorary doctorate on Formosa Group Chair Sandy Wang SEOUL, February 20 (AJP) - The Korea Advanced Institute of Science and Technology (KAIST) announced on February 20 that it has awarded an honorary doctorate in business administration to Sandy Wang, Standing Member of the Formosa Group Executive Management Committee and Chair of Formosa Bio. The ceremony took place during the university's 2026 commencement exercises. Wang was recognized for her role in leading the strategic growth of Formosa Group by prioritizing sustainabilit February 20, 2026

New firefighters ready to serve communities in Incheon SEOUL, February 20 (AJP) - Some 116 new firefighters graduated from the Incheon Fire Academy in Ganghwa, Incheon on Friday. The new graduates, the academy's 27th class, pledged to protect the lives and property of citizens. Over 24 weeks since enrolling in September last year, the graduates completed rigorous training as part of the academy's mission to nurture elite firefighting personnel ready for the field. They will be assigned to about a dozen fire stations across In February 20, 2026

Antitrust watchdog moves to penalize seven flour millers over price-fixing cartel SEOUL, Feb 20 (AJP) - South Korea’s competition authority has initiated formal sanctioning procedures against seven major flour producers and distributors, including industry giants CJ CheilJedang and Daehan Flour Mills, for alleged price-fixing. The Korea Fair Trade Commission (KFTC) announced Friday that it has dispatched examination reports—equivalent to a criminal indictment—to seven companies: CJ CheilJedang, Daeseon Flour Mills, Daehan Flour Mills, Sajo Don February 20, 2026

Rosé and Bruno Mars win IFPI Global Single Award for APT. SEOUL, February 20 (AJP) - A collaborative track between South Korean singer Rosé and American artist Bruno Mars has become the first K-pop song to top the International Federation of the Phonographic Industry Global Single Chart. The rock-pop single "APT." led the worldwide sales and streaming rankings for 2025. According to the International Federation of the Phonographic Industry (IFPI) on February 19, "APT." secured the top position on the annual cha February 20, 2026