WAIFF D-2: Seoul edition marks global expansion in 2026 SEOUL, March 04 (AJP) - The World AI Film Festival (WAIFF), which debuted in Nice, France on April 11, 2025, will expand globally in 2026, with Seoul emerging as one of its key host cities. Putting emphasis on collaboration between artificial intelligence and human creativity, WAIFF aims to bridge technology, industry and artistic expression. The 2026 circuit will move through China, Korea, Japan and Brazil before culminating in April at the WAIFF Cannes Edition in France. Select March 4, 2026

BOK issues verbal intervention amid near-4% slide in won since war outbreak SEOUL, Mar 04 (AJP) - The Bank of Korea (BOK) issued a verbal intervention Wednesday, pledging a “timely” response after the Korean won briefly touched crisis-era levels around 1,500 per U.S. dollar amid escalating tensions in the Middle East and rising oil concerns. The warning came after the dollar in the offshore market climbed above the 1,500-won mark overnight — the first time since March 2007 in the aftermath of the global financial crisis. BOK Governor March 4, 2026

Asian markets tank; Seoul plunges more than 8% as won hovers near crisis-era levels SEOUL, March 04 (AJP) - Asian markets tumbled Wednesday as escalating tensions in the Middle East rattled investors, with Seoul stocks plunging more than 8 percent and the Korean won sliding to near crisis-era levels. A pledge by the United States to provide security escorts and insurance guarantees for tankers navigating the Strait of Hormuz did little to reassure investors. Markets across the region remain highly sensitive to the waterway, through which a large share of Middle E March 4, 2026

Trump assures US Navy will step in to protect tankers in Strait of Hormuz SEOUL, March 4 (AJP) - The U.S. Navy will escort tankers through the Strait of Hormuz "if necessary," U.S. President Donald Trump said on Tuesday, amid growing concerns that the ongoing Middle East conflict could disrupt oil shipments through the strategically vital waterway. "If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible," Trump wrote on his own social media platform Truth Social. "No mat March 4, 2026

South Korea, Philippines agree to expand cooperation in emerging sectors SEOUL, March 4 (AJP) - South Korea has agreed to expand bilateral cooperation with the Philippines in emerging sectors for future growth, such as artificial intelligence (AI), shipbuilding, and nuclear energy, as part of the two countries' strategic partnership. During a summit between South Korean President Lee Jae Myung and Philippine President Ferdinand Romualdez Marcos Jr. in Manila on Tuesday, the two countries signed about a dozen memorandums of understanding (MOUs) to str March 4, 2026

UPDATE: Korea's factory output turns negative in Jan on reduced chip activity **Additional data information added** SEOUL, Mar 04 (AJP) - South Korea’s factory output turned negative for the first time in three months in January on slower semiconductor and construction activity, underlining the fragility of the economic recovery as the year-end base effect faded. Mining and manufacturing output fell 1.3 percent in January from the previous month — the first decline since October, according to data released by the Ministry of Statistics and Da March 4, 2026

Middle East turmoil pounds Korean stocks and won for second session SEOUL, March 04 (AJP) - South Korean shares extended their downward spiral in the aftermath of the Middle East crisis, losing more than 5 percent at the opening bell Wednesday following Tuesday’s rout. South Korea’s benchmark KOSPI tumbled 6.09 percent to 5,444.51 on panicky retail selling after a 7.24 percent plunge in the previous session. The retreat later eased to around 3 percent by about 9:20 a.m., as foreign and local institutional investors moved to scoop up la March 4, 2026

About 140 South Koreans in Iran and Israel evacuated to neighboring countries SEOUL, March 4 (AJP) - About 140 South Koreans who had been staying in Iran and Israel have been evacuated to neighboring Turkmenistan and Egypt, the Ministry of Foreign Affairs here said on Wednesday. In Iran, about two dozen South Koreans split into two buses arranged by the South Korean Embassy there and left Tehran on Monday and safely arrived in neighboring Turkmenistan the following day amid escalating tensions in the Gulf region following last Saturday's U.S.-led airs March 4, 2026

Arrest warrant issued for Ex-DP lawmaker over bribery allegations SEOUL, March 4 (AJP) - Kang Sun-woo, a former lawmaker of the ruling Democratic Party (DP) was arrested on Tuesday over alleged bribery and breach of trust. The Seoul Central District Court issued arrest warrants for Kang, along with Kim Kyung, a former Seoul city official, citing concerns that they might destroy evidence. Their arrest comes about two months after the allegations surfaced late last year, prompting the Seoul Metropolitan Police Agency to launch an investigation. March 4, 2026

The first full moon of the year is red GYEONGGI, March 03 (AJP)-On the fifteenth night of the first lunar month, Korea steps outside. The holiday is Jeongwol Daeboreum, the first full moon of the year — a night when neighborhoods, not just families, gather under the open sky. If Lunar New Year belongs to the dining table, Jeongwol Daeboreum belongs to the fields, the hills, the riverbanks. People tilt their heads upward and wait for the moon to rise, round and bright in the brittle winter air. The full moon h March 4, 2026