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Japan's Nikkei tops 52,000 for first time as Asian markets trade mixed
SEOUL, October 31 (AJP) - Asian stock markets were mixed on Friday, with Japan’s Nikkei 225 surging past the 52,000 mark for the first time in its 75-year history, while Chinese and Hong Kong shares slipped and South Korea’s benchmark index traded little changed. As of late morning, Japan’s Nikkei 225 was up 1.5 percent at 52,089.30, building on a week of record-breaking gains. The index crossed 50,000 on Monday and 51,000 on Wednesday before reaching another mil
October 31, 2025
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South Korea to complete military satellite network with final launch on Sunday
SEOUL, October 31 (AJP) - South Korea is set to complete its first military reconnaissance satellite network this weekend with the launch of a rocket carrying its fifth and final satellite under its “425 Project." The Ministry of National Defense said Friday that the rocket will lift off from Cape Canaveral Space Force Station in Florida at 2 p.m. (KST) on Nov. 2. Once operational, the five-satellite constellation will allow South Korea to monitor North Korean mili
October 31, 2025
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Samsung SDI works with BMW, Solid Power of US to develop next-generation EV batteries
SEOUL, October 31 (AJP) - Samsung SDI said Friday it has entered a three-way partnership with BMW and U.S.-based Solid Power to develop and test solid-state batteries for electric vehicles, deepening a long-running collaboration with the German automaker as the global race to commercialize next-generation batteries intensifies. Under the agreement, the three companies will work together to improve the energy density and safety of solid-state batteries using Solid Power&r
October 31, 2025
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OPINION: Why K-food must become trusted global brand
SEOUL, October 31 (AJP) - Korean food has become a fixture on dining tables around the world. In New York, restaurants serve gochujang-marinated steak. In Paris, supermarkets feature kimchi sections. Across Southeast Asia, spicy instant noodles have achieved near–pop culture status. Even in the United States, retailers like Costco and Walmart now boast bustling K-food aisles. What began as a culinary curiosity has evolved into a living cultural experience — one that
October 31, 2025
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South Korea's factory output slips in September, but investment surge signals upbeat outlook
SEOUL, October 31 (AJP) - South Korea’s industrial production dipped in September as auto exports faltered under the weight of higher U.S. tariffs, but a sharp rebound in capital investment suggested that the manufacturing sector may be regaining its footing amid a global semiconductor boom and signs of easing trade frictions. According to data released Friday by the Ministry of Data and Statistics, manufacturing output fell 1.2 percent from the previous month — the fi
October 31, 2025
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OPINION: China's rare earth leverage tests America — and its allies
SEOUL, October 31 (AJP) - At the APEC summit in Gyeongju, the summit between the leaders of the United States and China drew intense global scrutiny. After months of escalating trade friction, the world watched as Washington and Beijing sought a breakthrough. No major trade deal emerged. Still, the two sides agreed to a temporary pause in their hostilities: China postponed its planned export restrictions on rare earth elements, announced on Oct. 9, while the United States suspende
October 31, 2025
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Nvidia's Jensen Huang steals the show in Seoul, outshining Trump and Xi
SEOUL, October 31 (AJP) -Presidents Donald Trump and Xi Jinping may have dominated global headlines during the Asia-Pacific Economic Cooperation events in South Korea, but the figure who truly captivated the Korean public was the chief executive of the world’s most valuable company. Nvidia CEO Jensen Huang drew hundreds of reporters the moment he landed in Seoul on Thursday. By evening, the southern Gangnam district had nearly ground to a halt as crowds
October 31, 2025
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Seoul nears nuke submarine ambition upon Trump blessing
SEOUL, October 30 (AJP) - Whether by catering to personal ego or through a calculated diplomatic playbook, Seoul secured what had long seemed unattainable: U.S. backing for a nuclear-powered submarine, delivered during U.S. President Donald Trump's brief visit ahead of the Asia-Pacific Economic Cooperation (APEC) summit. Before departing Korea, Trump posted Thursday that Seoul would build its "Nuclear Powered Submarine in the Philadelphia Shipyards," signaling
October 30, 2025
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Court rules NewJeans must remain under ADOR, rejects bid for independence
SEOUL, October 30 (AJP) - The future of K-pop girl group NewJeans — who shot to global stardom upon their 2022 debut — has been thrown into uncertainty after a Seoul court ruled in favor of their agency HYBE on Thursday. The court determined that all five members remain exclusively bound to ADOR, a HYBE sublabel, until 2029, regardless of their claims of contract breaches and unfair treatment. The decision extinguishes hopes for an early stage comeback for NewJeans,
October 30, 2025
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Asian stocks end flat Thursday as U.S.–China talks yield little beyond gestures
SEOUL, October 30 (AJP) - Asian stock markets ended mostly flat on Thursday, as the highly anticipated summit between the United States and China produced little beyond diplomatic optics, offering no meaningful signals on trade or geopolitical issues. In Seoul, the benchmark KOSPI slipped 0.2 percent to 4,087, after a volatile session in which the index tested the 4,100 level and touched a fresh intraday high of 4,146.72. Among large caps, Hyundai Motor, Hanwha Ocean, Samsung Ele
October 30, 2025