Samsung expects up to 110 trillion won in shareholder returns this year SEOUL, August 21 (AJP) - Samsung Electronics expects to return as much as 110 trillion won ($79.5 billion) to shareholders this year, setting up the largest shareholder return in the company's history as strong cash generation boosts funds available for dividends and share buybacks. The South Korean technology giant said Friday its board approved a plan for total shareholder returns of between 90 trillion won and 110 trillion won in 2026, roughly five times its previous annual August 21, 2026

KOSPI rises on hopes for Samsung's huge shareholder return package SEOUL, August 21 (AJP) - South Korean stocks extended their gains on Friday, with the benchmark KOSPI closing above 6,900 points. The index recovered from a sharp drop in morning trading as expectations for higher shareholder returns at Samsung Electronics and SK hynix helped offset pressure from rising U.S. Treasury yields. The KOSPI closed at 6,912.95, up 0.88 percent or 60.37 points from the previous session. It marked a second straight day of gains after the index surged 5.89 pe August 21, 2026

Won strengthens further as US Treasury selloff lifts domestic bond yields SEOUL, August 21 (AJP) - The South Korean won extended its rally against the dollar on Friday, while government bond yields rose as a renewed selloff in U.S. Treasuries outweighed softer domestic price pressures. The won strengthened 6.8 won from the previous session to close daytime trading at 1,385.8 per dollar, compared with Thursday's 1,392.6. Exporter dollar selling and broader weakness in the U.S. currency continued to support the won after it broke below 1,400 earlier August 21, 2026

Unionized workers at Kia to go on partial strike next week SEOUL, August 21 (AJP) - As unionized workers at Hyundai Motor began a full-scale strike for the first time in 10 years on Friday, workers at its affiliate Kia also decided to go on strike next week, according to industry sources. Kia's union voted to stage a three-day partial strike from Aug. 26 to 28, with workers planning to stop work for two to four hours each day. But it remains to be seen, as the union is set to hold another round of talks before doing so. If the stri August 21, 2026

How Seoul's hillside neighborhood becomes hidden gem for foreigners SEOUL, August 21 (AJP) - On a steep hillside beneath Mt. Namsan, a neighborhood once known for cheap housing is giving foreigners a reason to look beyond Seoul's better-known hotspots. It is not as crowded as Seoul's hip Hongik University neighborhood, a popular nightlife district known for its youthful energy or as busy as nearby Itaewon, Seoul's best-known international and entertainment district. Yet Haebangchon has plenty of bars, restaurants and cafés with August 21, 2026

Senior bureaucrat named new trade minister SEOUL, August 21 (AJP) - Senior trade official Park Jung-sung was appointed South Korea's new trade minister, Cheong Wa Dae said on Friday. In a press briefing, presidential spokesperson Kang Yu-jung said Park is "the right person to maximize the national interest while maintaining continuity in negotiations amid urgent trade issues with the U.S." Park's appointment comes about a week after his predecessor was sacked for unknown reasons, as Seoul faces mounting August 21, 2026

Kookmin engineering students exhibit 10 years of car drawings SEOUL, August 21 (AJP) - Engineering students at a Seoul university have spent a decade learning to draw the machines they study, and the results are on public view this month and next in two exhibitions outside their own campus. The show is called The Drawing, and it runs at the BODA Gallery at Incheon Academy of Science and Arts through Aug. 27 before moving to the Kyung Hee University Museum of Art, where it stays through Sept. 11. Kookmin University is presenting it as part of August 21, 2026

BOYNEXTDOOR opens 13-show Japan run with new single SEOUL, August 21 (AJP) - The Japan leg of K-pop boy band BOYNEXTDOOR's first world tour opens Friday at K-Arena Yokohama, the start of a three-night run that carries the six-member group through 13 shows in six cities into October. Last year, the group played six Japanese cities across 13 dates, but in concert halls seating a few thousand, venues such as Pacifico Yokohama and Fukuoka Sunpalace. Every date sold out. This year, the same city count runs through arenas, starting w August 21, 2026

BIGBANG returns as trio for first stadium tour in 9 years SEOUL, August 21 (AJP) - Nine years after its last full tour, BIGBANG opens a 20th anniversary world tour Friday at Goyang Stadium northwest of Seoul, the first concert run in the group's history with three members on stage instead of five. The Goyang shows run three nights through Sunday and are sold out, including seats released later with restricted views. General ticketing drew roughly 210,000 people into the online queue at once, the heaviest demand for any single concert August 21, 2026

Kakao to split businesses in major AI restructuring SEOUL, August 21 (AJP) - Kakao will split its key businesses into two entities, KakaoAI and KakaoX, in a major restructuring to strengthen its artificial intelligence (AI) capabilities and creating new growth engines, the South Korean messaging giant said on Friday. The decision was made at its board of directors' meeting the previous day, with the spinoff scheduled to be completed by Jan. 1 next year, after getting shareholder approval at an extraordinary shareholders' meet August 21, 2026