Latest
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Kazakhstan goes all-in on AI in bid to emerge as regional leader
ASTANA, November 03 (AJP) - Soviet-era government buildings in Kazakhstan’s capital now hum with modern servers and fiber-optic cables as the Central Asian nation pushes to reposition itself as the region’s leading digital economy. The country of 20 million has already emerged as a GovTech leader, ranking 24th globally in the UN’s e-Government Development Index and 10th in online services. It is now doubling down with an expansive AI strategy built on supercomput
November 3, 2025
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Seoul expects details on nuke submarine and wartime command in SCM week
SEOUL, November 03 (AJP) - Seoul and Washington are expected to discuss detailed plans for the transition of wartime operational control (OPCON) and South Korea’s nuclear-powered submarine initiative — two agenda items that could reshape the country’s self-defense posture — during this week’s high-level bilateral security talks. The 57th annual Security Consultative Meeting (SCM), set for Tuesday in Seoul, is expected to focus on adjustments to the c
November 3, 2025
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HS Hyosung acquires Belgium's battery materials company for $145 million
SEOUL, November 03 (AJP) - South Korea's HS Hyosung Group said Monday it has entered the next-generation battery materials market with the acquisition of EMM, the battery anode subsidiary of Belgium’s Umicore, for about 200 billion won, or roughly $145 million. The deal also includes the creation of a joint venture between the two companies to advance silicon anode technology. Umicore, specialized in materials science, has long been known for its expertise in batter
November 3, 2025
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Actor Yeo Jin-goo to join KATUSA next month
SEOUL, November 3 (AJP) - Actor Yeo Jin-goo will begin his mandatory military service with the Korean Augmentation to the United States Army (KATUSA) next month. "Recruited as a member of KATUSA, Yeo will fulfill his 18-month military duty starting Dec. 15," his management agency said on Monday. "We ask for your continued support and encouragement until he returns healthy and more mature after completing his military duty," it added. But the exact time an
November 3, 2025
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HD Hyundai joins hands with Siemens to spur digital transformation in shipbuilding
SEOUL, November 03 (AJP) - South Korea's HD Hyundai has signed a partnership with Siemens of Germany to bring digital transformation and automation technologies to the United States shipbuilding industry. The companies signed a memorandum of understanding on Monday at the Lahan Select Hotel in Gyeongju, the venue for the Asia-Pacific Economic Cooperation summit. The agreement calls for collaboration in digital ship design, process automation, and data-driven quality manageme
November 3, 2025
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POST-APEC: Seoul plays wise and practical in balancing role among global powers
SEOUL, November 03 (AJP) -South Korea emerged from the Asia-Pacific Economic Cooperation summit with more than ceremonial optics, securing substantive outcomes from both Washington and Beijing while helping revive multilateral cooperation on shared challenges ranging from artificial intelligence to demographic headwinds. The two-day summit of 21 economies adopted the Gyeongju Declaration, reaffirming APEC’s pillars of trade and investment liberalization, business facilitatio
November 3, 2025
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South Korea urges North Korea to come forward for talks
SEOUL, November 3 (AJP) - The Ministry of Unification on Monday urged North Korea to break its silence and return to dialogue, stressing that opportunities for peace on the Korean Peninsula including talks with the U.S. remain open. "South Korea will continue to work toward restoring inter-Korean relations," said Ministry spokesperson Koo Byung-sam during a regular briefing, offering another conciliatory gesture to the isolated country. But the ministry refrained from c
November 3, 2025
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Korean Economy/Business Calendar
SEOUL, November 03 (AJP) - Nov. 4, Tue Consumer Price Index, October 2025 (Ministry of Data and Statistics) Q3 Results (EcoPro BM) Q3 Results (Krafton) Q3 Results (GS E&C) Nov. 5, Wed Economically Active Population Survey, August 2025 (Ministry of Data and Statistics) Q3 Results (Naver) Q3 Results (EcoPro and its subsidiaries) Q3 Results (Kakao Bank) Q3 Results (Doosan Enerbility) Q3 Results (Hanwha Solutions) Nov. 6, Thu Multicultural Population Dynamic
November 3, 2025
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Foreign home purchases fall to 32-month low in S. Korea after new restrictions
SEOUL, November 03 (AJP) - Purchases of residential properties by foreigners in the Seoul metropolitan area fell to their lowest level in nearly three years last month, following the government’s introduction of tighter restrictions on foreign real estate transactions. According to data from the court, 560 foreigners completed ownership transfers for homes in Seoul, Gyeonggi Province and Incheon in October — the fewest since February 2023, when only 427 transaction
November 3, 2025
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SK brings global tech giants as well as Korean startups in AI agent ecosystem
SEOUL, November 03 (AJP) - SK Group, chip-strong and central to South Korea's AI ambitions through alliances with global leaders such as Nvidia, OpenAI and Amazon Web Services, is positioning itself as a front-runner in the emerging field of AI agent services by leveraging its strengths in high-performance memory chips, wireless networks and hyperscale data-center technologies. "AI is no longer a competition of scale, but a competition of efficiency. This paradigm shift is
November 3, 2025