South Korea mulls restoring no-fly zone along border SEOUL, February 19 (AJP) - South Korea is considering redesignating a no-fly zone along border areas while ensuring it does not affect military readiness, the Defense Ministry said on Thursday. In a regular media briefing, ministry spokesperson Jeong Bit-na said the ministry is consulting with relevant government agencies and the U.S. side to partially restore the inter-Korean military pact, which was signed in September 2018 to ease military tensions between the two Koreas but was February 19, 2026

EU open to mediate if North Korean POWs in Ukraine seek defection SEOUL, February 19 (AJP) -The European Union expressed readiness to help facilitate the return of North Korean prisoners of war captured in Ukraine and called for closer cooperation with South Korea on security and sanctions, according to a senior EU diplomat Thursday. Olof Skoog, Deputy Secretary General for Political Affairs at the European External Action Service, said the EU was willing to assist if requested on the issue of North Korean soldiers captured by Ukrainian forces whi February 19, 2026

North Korea hails deployment of multiple rocket launchers ahead of party congress SEOUL, February 19 (AJP) - North Korea deployed some 50 multiple rocket launchers, the state-run Korean Central News Agency (KCNA) reported on Thursday. According to KCNA, a ceremony for the deployment of a 600-mm large-caliber multiple launch rocket system (MLRS) "took place with splendor" in Pyongyang the previous day, with Kim Jong-un in attendance, accompanied by Workers' Party officials, munitions industry workers and other military personnel. In a speech, Ki February 19, 2026

Hiring plans reflect chip boom vs weak consumption in Korea SEOUL, February 19 (AJP) -Electronics and semiconductor manufacturers enjoying an exceptional, record-setting second year from the artificial intelligence boom are set to lead hiring among South Korean employers in 2026, according to a new survey by HR technology company Incruit released Thursday. Incruit’s survey of 873 companies — including 102 large corporations, 122 mid-sized firms and 649 small and medium-sized enterprises — found that 84.4 percent of electron February 19, 2026

Pulmuone's U.S. tofu sales hit record high on protein demand, market expansion SEOUL, February 19 (AJP) - South Korean food company Pulmuone posted record tofu sales in the United States last year, driven by surging demand for plant-based protein and a broadening retail footprint. Pulmuone's U.S. tofu revenue rose 12.2 percent year-on-year to about 224.2 billion won ($154.4 million) in 2025, the company said Thursday. Tofu accounts for roughly half of the U.S. unit's total revenue, and the company has held the top market share position in the American February 19, 2026

Korea's auto exports jump 21.7% to $6.07b, second-highest on record for Jan SEOUL, February 19 (AJP) -South Korea’s auto exports opened the year on a strong footing, extending momentum from a record 2025, as a weak won and resilient demand from Europe and other markets for hybrid and secondhand vehicles helped offset lingering tariff pressures in the United States. Outbound shipments in January rose 21.7 percent from a year earlier to $6.07 billion, the second-highest export total ever recorded for the month, according to data released by the Minist February 19, 2026

SK Innovation selected to develop $2.3 bln LNG power project in Vietnam SEOUL, February 19 (AJP) - SK Innovation has been selected as the developer of a $2.3 billion liquefied natural gas power project in northern Vietnam, marking a significant step in the South Korean energy company's push to expand its global LNG footprint. The project, located in the Quynh Lap area of Nghe An province, about 220 kilometers south of Hanoi, calls for the construction of a 1,500-megawatt combined-cycle gas power plant, a 250,000-cubic-meter LNG terminal, and a dedic February 19, 2026

South Korean citizens proposed for Nobel Peace Prize for defending democracy SEOUL, February 19 (AJP) - South Korean citizens have been proposed for the Nobel Peace Prize for defending democracy by stopping former disgraced President Yoon Suk Yeol's martial law debacle in 2024. A group of professors led by Kim Eui-young at Seoul National University submitted a recommendation to the Norwegian Nobel Committee last month, proposing the citizens collectively as a candidate for the Nobel Peace Prize. The group includes Pablo Oñate, a professor at February 19, 2026

Seollal hangover lingers as business returns to normal SEOUL, February 19 (AJP) -Business resumed across the country following the long-weekend Lunar New Year holiday, as scenes from a traditional festival in central Seoul offered a final glimpse of the season’s festive mood. The 2026 Namsangol Seollal Festival, themed “Welcoming the Year with Blessings of the Horse,” was held from Feb. 16 to 18 at Namsangol Hanok Village in Jung District, Seoul. On Feb. 17, the day of the Lunar New Year, organizers hosted a rice cak February 19, 2026

Seoul indices turbocharged after three-day break, hit another milestone SEOUL, Feb. 19 (AJP) – Seoul bourses returned from a three-day Lunar New Year break on Thursday with strong gains, fueled by robust demand for technology and chip shares amid signs of easing U.S. inflation. U.S. January consumer prices rose 2.4 percent year on year, the slowest pace in eight months. Core inflation, which excludes food and energy, increased 2.5 percent, marking its lowest rise since March 2021. Nvidia climbed 1.63 percent overnight after reports that Met February 19, 2026