Japan's snap election prospects lift Nikkei, boosting Asian markets SEOUL, January 13 (AJP) - Asian stock markets opened higher on Tuesday, led by a surge in Japan's Nikkei 225 amid speculations of a snap election in Tokyo. The vote is expected to strengthen Prime Minister Sanae Takaichi's expansionary fiscal policies, boosting investor sentiment across the region. The Japanese index jumped about 3.4 percent to around 53,720 in early morning trade, buoyed by gains in exporters and technology shares. The rally helped lift broader Asian mar January 13, 2026

Korea Zinc to form joint venture with US firm to produce rare earths SEOUL, January 13 (AJP) - Korea Zinc said Tuesday it has signed a strategic partnership with U.S.-based Alta Resource Technologies to produce rare earths. The partnership focuses on recycling and refining end-of-life permanent magnets into high-purity rare-earth oxides, materials used in electric vehicles, wind turbines and defense systems, Korea Zinc said in a press release. Under the agreement, the two companies will establish a joint venture in the United States and build January 13, 2026

Chinese copycat of Olive Young raises concerns over South Korean brands' reputation SEOUL, January 13 (AJP) - As retail giant CJ's health and beauty chain has become a popular destination for foreign tourists visiting Seoul, a copycat brand has emerged in China, raising concerns about potential damage to the reputation of South Korean beauty products. According to industry watchers on Tuesday, a beauty store called "Only Young," reminiscent of Olive Young, has opened in Changsha, the vibrant capital of China's Hunan Province, and has been January 13, 2026

South Korea joins US-led talks on critical minerals SEOUL, January 13 (AJP) - South Korea’s deputy prime minister and finance minister, Koo Yun-cheol, joined counterparts in Washington on Monday for talks aimed at strengthening cooperation on critical minerals, the ministry said Tuesday. Participants at the meeting of finance ministers agreed on the need for swift action to address risks in the supply of minerals essential to advanced manufacturing, clean energy and defense industries. U.S. officials urged countries to m January 13, 2026

SK hynix expands AI chip capacity with new $14 billion plant in Cheongju SEOUL, January 13 (AJP) - SK hynix will invest about 19 trillion won ($14 billion) to build a new advanced semiconductor packaging plant in Cheongju, North Chungcheong Province, in a move to meet surging global demand for high-bandwidth memory. The South Korean chipmaker said Tuesday that the investment will bolster its next-generation memory competitiveness, particularly in HBM, a critical component for AI data centers, while aligning with the government’s push for more b January 13, 2026

Esports gears up for biggest year with major global events SEOUL, January 13 (AJP) - The booming esports industry is poised for its biggest year yet, fueled by its recognition as an official discipline at major global sporting events and international tournaments. Major events are scheduled throughout the year including the quadrennial Asian Games in Aichi and Nagoya, Japan in September, the annual Esports World Cup in Riyadh, Saudi Arabia in July and the inaugural Esports Nations Cup, also in Riyadh, in November. The upcoming Asian Ga January 13, 2026

Korea Exchange to extend stock trading hours to 12 starting in June SEOUL, January 13 (AJP) - The Korea Exchange plans to introduce premarket and after-hours trading starting in June, extending daily stock trading to 12 hours to keep pace with global moves toward near–round-the-clock markets. The exchange currently operates from 9 a.m. to 3:30 p.m. Beginning in June, it aims to double that window. Exchange officials said the move is intended to broaden investor access in line with international standards, referring to long-term ambitions for January 13, 2026

South Korea to chair global renewable energy agency SEOUL, January 13 (AJP) - South Korea has been selected to chair the next General Assembly of the International Renewable Energy Agency, a role that will place Seoul at the center of global discussions on the expansion of clean energy. The Ministry of Climate, Energy and Environment and the Foreign Ministry said Tuesday that South Korea was designated as chair at IRENA’s 16th Assembly, held Jan. 11–12 in Abu Dhabi, the United Arab Emirates. The chairmanship runs for January 13, 2026

OPINION: Seoul needs a balance act between China and Japan with a practical approach President Lee Jae Myung is heading to Japan Tuesday for a two-day summit, a week after a state visit to China. His rapid back-and-forth diplomacy reflects intensifying friction between China and Japan, which has escalated since November after Japanese Prime Minister Sanae Takaichi suggested possible armed intervention “in a Taiwan contingency.” As the dispute grows, both countries are courting Seoul. During Lee’s China trip, Beijing rolled out a high-profi January 13, 2026

South Korea's Lee to hold summit with Japan's Takaichi in Nara SEOUL, January 13 (AJP) -South Korean President Lee Jae Myung will make a one-night, two-day visit to Japan starting Tuesday for summit talks with Japanese Prime Minister Sanae Takaichi, as Seoul seeks to advance pragmatic, national interest-focused diplomacy amid escalating U.S.-China tensions. The presidential office said Lee will depart from Seoul Air Base for Japan’s Nara Prefecture, Takaichi’s hometown, at her invitation. The visit comes days after Lee’s s January 13, 2026