LG Energy Solution pivots to energy storage as EV battery demand slows SEOUL, March 20 (AJP) - LG Energy Solution announced it is accelerating a strategic shift toward energy storage systems as slowing electric vehicle demand reshapes the global battery industry, with the South Korean company moving to rebalance a business long anchored to the automotive sector. Chief Executive Kim Dong-myung told shareholders Friday at the company's annual general meeting in Seoul that the industry has entered a period of "value shift," in which growth i March 20, 2026

Samsung Biologics reappoints CEO John Rim as inside director SEOUL, March 20 (AJP) - Samsung Biologics said Friday that shareholders reappointed Chief Executive John Rim as an inside director at the company's 15th annual general meeting. About 1,400 shareholders participated in the meeting, which was conducted both on-site and via online livestream. All five agenda items put to a vote were approved as proposed. In addition to Rim, Executive Vice President Lo Kun, who heads the EPCV Center, was also reappointed as an inside director. Ki March 20, 2026

South Korea's digital payments surge, platform dominance intensifies SEOUL, March 20 (AJP) - Digital payment transactions in South Korea continued their steady upward trajectory last year, with both transaction volume and value rising from a year earlier. Notably, the dominance of tech platforms in simplified payment and remittance services has intensified, with their market share once again surpassing the 50 percent mark. According to data released by the Bank of Korea (BOK) on Friday, the average daily value of Payment Gateway (PG) services reach March 20, 2026

BTS Live D-1: From waiting to Arirang, from Gwanghwamun to the world SEOUL, March 20 (AJP) -They are officially back as seven, with the drop of the fifth BTS full-member album ARIRANG on Friday. That simple fact is the emotional center of this comeback — bigger than chart numbers, bigger than spectacle, even bigger than the stage rising in central Seoul. After three years and nine months without a full-group album, BTS has returned with ARIRANG, carrying something both intimate and immense: the joy of reunion and the weight of time. March 20, 2026

KOSPI defies broader trend as Asian markets decline amid oil-driven inflation fears SEOUL, March 20 (AJP) - Asian markets mostly fell on Friday, with South Korea's benchmark KOSPI the only major index to edge higher, as investors weighed rising oil prices against signs of easing tensions in the Middle East. Wall Street's three major indexes closed lower overnight but pared earlier losses, with the Dow Jones falling 0.44 percent and the S&P 500 and Nasdaq declining 0.27 percent and 0.28 percent, respectively. Markets initially came under pressure from March 20, 2026

Sookmyung University researchers identify mechanism for observing interlayer excitons SEOUL, March 20 (AJP) - A research team at Sookmyung Women's University in South Korea has uncovered a new physical mechanism that allows scientists to observe "interlayer excitons" in two-dimensional semiconductors using electric fields. Led by School of Intelligent Electronic Systems Professor Cha Soon-young, the study provides a theoretical framework for a phenomenon that had previously been difficult to explain. Two-dimensional semiconductors are key materials fo March 20, 2026

Jeju Air tops 60 million passengers as it marks 17 years of international flights SEOUL, March 20 (AJP) - Short-haul carrier Jeju Air said Friday it has carried over 60 million passengers as it marks the 17th anniversary of launching international routes. Jeju Air became the first South Korean budget carrier to launch international services, with flights between Incheon and Osaka in March 2009. Starting with about 159,000 passengers in its first year, Jeju Air continued to expand, reaching a milestone of serving over 1 million passengers in 2012. By offer March 20, 2026

KAIST professor Lee Sang-yup becomes first Asian fellow of European Academy of Microbiology SEOUL, March 20 (AJP) - South Korea has produced its first fellow of the European Academy of Microbiology (EAM) with the induction of Korea Advanced Institute of Science and Technology's Distinguished Professor Lee Sang-yup. The prominent research institute said Friday that Lee was officially elected to the academy on March 19, making him the first researcher from an Asian institution to join the prestigious body. The EAM serves as the leadership tier of the Federation of Euro March 20, 2026

South Korea braces for supply disruptions after Iran's attack on Qatari energy complex SEOUL, March 20 (AJP) - The government is reviewing additional measures to cope with supply chain disruptions as the prolonged conflict in the Middle East affects supplies of naphtha and other petrochemical products, Cheong Wa Dae said on Friday. The remarks came after Iran's attack on Qatar's Ras Laffan Industrial City, the world's largest liquefied natural gas (LNG) complex, which accounts for about 20 percent of global supply. According to a senior Cheong Wa Da March 20, 2026

Samsung Heavy wins another deal, boosts order backlog SEOUL, March 20 (AJP) - Samsung Heavy Industries has won an order for one liquefied natural gas (LNG) carrier from an Oceania-based shipping company, the shipbuilder said on Friday. The order, worth 377.9 billion won (or about $252 million), is scheduled for delivery by April 2029. The deal brings the shipbuilder's cumulative orders for this year to 12 vessels worth $2.4 billion, reaching 17 percent of its annual target of $13.9 billion. They consist of four LNG carriers March 20, 2026