Latest
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POSCO chief calls for tech-led strategy to withstand global volatility
SEOUL, November 18 (AJP) - POSCO Group Chairman Jang In-hwa called for stepped-up technological innovation to help the steel conglomerate manage an increasingly unpredictable business landscape, telling employees the company must accelerate development efforts and reinforce long-term competitiveness. Speaking Tuesday at the POSCO Group Tech Forum, Jang said the company needs a more collaborative approach to research and development as it adapts to shifts in global supply chains
November 18, 2025
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PHOTOS: Kimchi — symbol of communal love, sharing
SEOUL, November 17 (AJP) - As the cold grip of winter descends, kimchi transcends its role as a staple food in South Korea to become a powerful symbol of communal love and sharing. This spirit was vividly on display in Seoul on Nov. 17, where a massive kimchi-making event took place at Garak Market in Songpa-gu. It was to prepare thousands of heads of kimchi destined for low-income families and elderly residents living alone. Enduring the biting wind, volunteers worked tireless
November 18, 2025
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North Korea condemns Seoul's recent security deal with Washington as 'confrontational'
SEOUL, November 18 (AJP) - North Korea denounced a joint fact sheet released last week outlining trade and security agreements between Seoul and Washington, warning that it will take countermeasures against what it called a "confrontational stance," state media reported on Tuesday. In a lengthy commentary, the state-run to rem
November 18, 2025
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Hyundai Motor Group bets big on driverless cars, humanoid robots
SEOUL, November 18 (AJP) - Hyundai Motor Group is making one of the most aggressive wagers yet on artificial intelligence in the global auto industry, unveiling plans to spend roughly 51 trillion won — about $38 billion — in the coming years to build an AI-driven manufacturing ecosystem centered on autonomous vehicles and humanoid robots. The investment, stretching from 2026 to 2030, signals the company’s belief that the automobile is rapidly evolving f
November 18, 2025
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Indian minister pushes shipbuilding cooperation during visit to South Korea
SEOUL, November 17 (AJP) - Shri Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, spent two days in South Korea meeting shipbuilding and shipping leaders as part of India's effort to expand maritime cooperation under the country's Maritime Amrit Kaal Vision 2047. The minister toured the HD Hyundai Heavy Industries shipyard in Ulsan on November 17, calling the visit productive. The shipyard, described by the Indian Embassy as the world's largest, c
November 17, 2025
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Korean stocks kept up buoyance amid broad Asian listlessness
SEOUL, November 17 (AJP) - South Korean shares climbed nearly 2 percent on Monday, sustaining momentum across otherwise listless Asian markets after Seoul and Washington finalized a bilateral trade deal that opened new business opportunities for shipbuilders, energy infrastructure firms and defense manufacturers. The KOSPI rose 1.9 percent to 4,089.25, while the small-cap KOSDAQ gained 0.5 percent to 902.67. Semiconductor stocks led the advance. Samsung Electronics rose 3.5 percent
November 17, 2025
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South Korea proposes military talks with North to set clear demarcation line
SEOUL, November 17 (AJP) - South Korea’s Ministry of National Defense has formally proposed talks with North Korea to establish a clear baseline for the Military Demarcation Line (MDL), in what would be the first military dialogue between the two sides since 2018. Kim Hong-chul, director of the ministry’s Defense Policy Office, said Monday that North Korean troops have repeatedly crossed the MDL while constructing tactical roads, laying fences and planting mines insi
November 17, 2025
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South Korea flags 210 suspicious foreign housing deals, plans crackdown
SEOUL, November 17 (AJP) - The South Korean government said on Monday it had uncovered more than 200 suspicious housing transactions involving foreign nationals over the past year. According to the Real Estate Supervision Task Force, operating under the Prime Minister’s Office, a review of 438 housing transactions involving foreigners between June 2024 and May 2025 found that nearly half — 47.9 percent — showed signs of illegality or regulatory breaches. Offici
November 17, 2025
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Korea weighs standardized vet fees to address runaway inflation in pet care
SEOUL, November 17 (AJP) - Three out of ten Korean households now own a pet, and the government is considering a standardized payment system for veterinary care to address soaring medical costs and widening price disparities. The move follows mounting public frustration over bills that vary dramatically by clinic and location. According to the Ministry of Agriculture, Food and Rural Affairs (MAFRA), the cost of a first-time checkup for a 5-kilogram pet ranges from as low as 1,000
November 17, 2025
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Buldak dominates global hot-sauce shelves and fuels top line for Korean ramen maker
SEOUL, November 17 (AJP) - The Chinese have numbing-hot “mala,” the Mexicans have smoky “salsa,” and the Thai have sweet-spicy “sriracha.” But the enduring winner in the global chili-sauce canon is South Korea’s “buldak” — a magical blend of concentrated sweetness and addictive burn that has pushed its maker, Samyang Foods, to the top of the KOSPI’s food sector and made the stock almost unreachable for ordinary investo
November 17, 2025