Latest
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Indian Film Festival opens in Seoul with focus on storytelling and cultural ties
SEOUL, November 14 (AJP) - The 13th Indian Film Festival opened this week at the Korean Film Archive in Seoul, bringing a lineup of award-winning and widely acclaimed films to audiences in South Korea. The festival, organized by the Embassy of India together with local partners, began on November 12 with an evening ceremony attended by diplomats, cultural officials and film enthusiasts. Deputy Chief of Mission Nishi Kant Singh welcomed guests by noting how the festival has become
November 14, 2025
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South Korea tightens quarantine on Chinese poultry after detecting avian influenza genes
SEOUL, November 14 (AJP) - South Korea has tightened inspections on processed poultry from China after the country’s quarantine authority detected genes linked to avian influenza in a shipment of duck ham. The Animal and Plant Quarantine Agency said Friday that the 21-ton shipment, imported on Nov. 2, tested positive for AI genetic material during routine screening. Officials emphasized that the finding did not involve a live virus and posed no risk of infection. The pr
November 14, 2025
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South Korea, US release details of bilateral trade and security agreements
SEOUL, November 14 (AJP) - South Korea and the U.S. have completed a joint fact sheet detailing the two countries' trade and security agreements, President Lee Jae Myung said during a press briefing on Friday. "Trade negotiations and security consultations, the biggest variables affecting the country's national security and the economy, have finally been concluded," Lee said. It comes about two weeks after Lee reached a tariff-related deal with U.S. President
November 14, 2025
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HMM's $2.8 billion value slide fuels talk of POSCO takeover
SEOUL, November 14 (AJP) - HMM's market value has fallen by more than 4 trillion won ($2.8 billion) in the past five months, sharpening speculation that POSCO Holdings could soon move to acquire South Korea's largest container line as the carrier struggles with collapsing freight rates and a steep drop in profits. POSCO signaled last month during its third-quarter earnings call that a potential deal remained in its "early review" phase and that no significant progr
November 14, 2025
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Study finds crypto prediction markets drew global attention to S. Korea's impeachment
SEOUL, November 14 (AJP) - A research paper published on November 12, 2025, in the MDPI-published journal Information examines how cryptocurrency users around the world reacted to and financially engaged with South Korea's 2024 impeachment crisis. The article, titled "From E-Democracy to C-Democracy: Analyzing Transnational Political Discourse During South Korea's 2024 Presidential Impeachment on Polymarket," analyzes real-time activity on a blockchain prediction pl
November 14, 2025
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KAI, Samsung team up to develop AI chips for defense systems
SEOUL, November 14 (AJP) - Korea Aerospace Industries has formed a strategic partnership with Samsung Electronics to develop next-generation semiconductors for defense applications. KAI said Friday that it had signed a memorandum of understanding with Samsung at its headquarters in Sacheon, South Gyeongsang Province, to cooperate on the research, design and production of artificial intelligence and radio-frequency chips for aerospace and defense systems. The companies plan to
November 14, 2025
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South Korea's import prices surge to 9-month high on weak won
SEOUL, November 14 (AJP) - South Korea’s import prices rose in October to their highest level in nine months, pushed up by a sharp depreciation of the won. Export prices climbed even more steeply, reflecting both currency effects and strengthening demand for semiconductors and metals. Data released Friday by the Bank of Korea showed that import prices increased 1.9 percent in October from the previous month, the fastest pace since January, after modest 0.3 percent gains i
November 14, 2025
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Asian markets drop on Wall Street losses, diminished Fed cut hopes
SEOUL, November 14 (AJP) - Asian stock markets declined broadly on Friday morning, dragged lower by renewed concerns over U.S. interest rates and a downturn in global technology shares. In South Korea, the benchmark Kospi dropped 2.5 percent to 4,066.30 as of 11:22 a.m., while the tech-heavy Kosdaq slipped 1.3 percent to 906.20. The country’s three most valuable companies — each with a market capitalization exceeding 100 trillion won, or about $68.6 billion — all
November 14, 2025
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North Korea slams G7 statement on denuclearization
SEOUL, November 14 (AJP) - North Korean on Friday denounced a recent joint statement by the foreign ministers of the Group of Seven (G7) countries earlier this week. According to the state-run Korean Central News Agency (KCNA), Foreign Minister Choe Son-hui expressed "strong dissatisfaction and regret" over what she described as "hostile acts" by the G7 ministers in condemning the statement. The statement came on Wednesday, after the ministers wrappe
November 14, 2025
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TRAVEL: Gyeongju's historic sites draw visitors amid autumn foliage
GYEONGJU, November 14 (AJP) - South Korea's southeastern city of Gyeongju used to be the most popular field trip destination for students. Once the capital of the ancient kingdom of Silla that thrived for over 1,000 years, the city, home to numerous national treasures, still attracts hordes of visitors and tourists. Among its many landmarks, the most iconic are Bulguksa temple and Cheomseongdae observatory. The temple, one of the country&
November 14, 2025