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Building on Partnership: UK-Korea Priorities for 2026
As we begin 2026, the partnership between the United Kingdom and the Republic of Korea has never been stronger. Elevated to a Global Strategic Partnership in 2023, our relationship reflects shared democratic values, a commitment to the rules-based international order and a vision for a more prosperous, secure and sustainable future. The inaugural UK-Korea High Level Forum held in Seoul in December brought together leaders from government, business and academia to chart the cour
January 15, 2026
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KRX eyes AI-driven overhaul to support 24-hour trading, reviews startup acquisition
SEOUL, January 15 (AJP) -The Korea Exchange (KRX) said Tuesday it is pursuing an artificial intelligence–based innovation strategy as groundwork for a future 24-hour trading system, including a possible acquisition of an AI startup. The exchange said it plans to integrate AI into market oversight and operations, calling the technology a core strategy that will determine the competitiveness of South Korea’s capital markets. AI is expected to be applied across market
January 15, 2026
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Seoul city bus service back to normal after wage deal ends record strike
SEOUL, January 15 (AJP) -Seoul city buses are back on the roads on Thursday after labor and management reached a wage agreement late Wednesday, ending the longest city bus strike on record. The deal was struck at 11:55 p.m. during a second follow-up mediation session convened by the Seoul Regional Labor Relations Commission at its special arbitration panel. The talks brought together the Seoul City Bus Labor Union, affiliated with the Korean Automobile Workers Federation, an
January 15, 2026
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Washington makes a rare Korean won-supporting remark
SEOUL, January 15 (AJP) - In a rare departure from Washington’s long-held opposition to currency intervention, the U.S. Treasury secretary echoed Seoul’s concerns over the weak Korean won, lending verbal support to efforts to stabilize the currency. U.S. Treasury Secretary Scott Bessent met with South Korea’s Deputy Prime Minister and Finance Minister Koo Yun-cheol on Monday (local time) to discuss market developments and preparations for the upcoming critical mi
January 15, 2026
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PHOTOS:Crowds flock to ice festival in Hwacheon
Hwacheon, January 14 (AJP) - On a white canvas of snow-covered ice, hundreds of people hunched over holes drilled into the frozen river, their fishing lines disappearing into the dark waters below. Despite temperatures plunging to -14 degrees Celsius and heavy snowfall, crowds gathered from early morning last Monday, just days after the annual mountain trout-themed Sancheoneo Ice Festival kicked off last weekend. Around 10 a.m., parking lots near the entrance to th
January 14, 2026
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Philosophy and AI mix in Korea? Too early to tell
SEOUL, January 14 (AJP) - Peter Thiel and Alex Karp, co-founders of Palantir — one of the world’s most prominent artificial intelligence data analytics companies, now valued at more than $426 billion — share an unusual academic background for Silicon Valley: both studied law and philosophy as undergraduates. Karp went further. He earned a Ph.D. in classical social theory under renowned German philosopher Jürgen Habermas at Goethe University in Frankfurt, groun
January 14, 2026
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Hanwha restructuring lifts Korean stocks as Asian shares end mixed
SEOUL, January 14 (AJP) - Asian equities ended mixed on Wednesday, with South Korea's benchmark index closing at a record high, while markets elsewhere in the region showed divergent performances. South Korea’s KOSPI rose 0.65 percent to close at 4,723.10. The tech-heavy KOSDAQ fell 0.72 percent to 942.18, as investors rotated selectively between sectors. Market attention centered on Hanwha Group after it unveiled plans to split its businesses, separating defense, ene
January 14, 2026
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SK hynix determined to defend lead through talent and HBM investment
SEOUL, January 14 (AJP) - Over the past year, South Korea’s memory chipmaker SK hynix has nearly quadrupled its market value and overtaken Intel in sales to become the world’s third-largest semiconductor company after behind Nvidia and Samsung Electronics. The turning point came in 2025, a decisive year for the AI-driven chip upcycle. Global semiconductor sales jumped 21 percent to $793 billion, led by AI processors, high-bandwidth memory (HBM) and networking chips, ac
January 14, 2026
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After EV slowdown, Korea's battery giants pivot to robots via solid-state cells
SEOUL, January 14 (AJP) - After years of EV-led expansion, South Korea's battery makers are confronting a harsher reality as global electric-vehicle sales cool and clean-energy strategies fragment across regions. In response, the industry is doubling down on solid-state batteries — betting that humanoid robots, rather than cars, may offer an earlier and more reliable route to commercialization. POSCO Future M, the battery materials arm of POSCO Group, said this week it has
January 14, 2026
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Korea's M2 growth moderates as investors favor short-term returns
SEOUL, January 14 (AJP) - South Korea’s broad money growth stalled in November under a revised definition of M2, reflecting both a statistical adjustment and a deeper shift in investor behavior toward short-term, high-return assets. According to data released Wednesday by the Bank of Korea (BOK), the M2 money supply stood at 4,057.5 trillion won ($2.77 trillion) in November 2025, little changed from the previous month and marking a second consecutive month of flat growth. Th
January 14, 2026