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  Korean Air posts record Q1 revenue as Middle East risks loom SEOUL, April 13 (AJP) - Korean Air posted record first-quarter revenue despite rising geopolitical risks in the Middle East. The airline said Monday it recorded 4.52 trillion won ($3.03 billion) in revenue and 516.9 billion won in operating profit for the first quarter on a standalone basis. Revenue rose 14.1 percent from a year earlier, marking the highest first-quarter performance in the company’s history. Operating profit climbed 47.3 percent year-on-year, while net prof April 13, 2026
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  Korean stocks fall as Hormuz blockade threat triggers risk-off SEOUL, April 13 (AJP) — Korean stocks closed lower Monday as investors moved to the sidelines amid fresh uncertainty in the Middle East, following U.S. threats to launch a maritime blockage operation in the Strait of Hormuz starting later in the day. The benchmark KOSPI fell 0.9 percent to 5,808.6, after trading between a high of 5,827.73 and a low of 5,730.23. Regional markets moved in tandem. Japan’s Nikkei 225 declined 0.7 percent and Hong Kong’s Hang Seng April 13, 2026
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  S. Korean special envoy enters Tehran as failed US-Iran talks trap tankers in Hormuz SEOUL, April 13 (AJP) - Special envoy Chung Byung-ha arrived in Tehran on Monday to negotiate the release of 26 South Korean tankers and 173 crew members currently stranded in the Strait of Hormuz. The diplomatic surge follows a direct order from Foreign Minister Cho Hyun as Seoul attempts to bypass the paralysis of international mediation to protect the maritime corridor that provides 70 percent of the crude oil imports of the nation. The arrival of the envoy marks a strategic pi April 13, 2026
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  Seoul's two landmark statues get spring wash SEOUL, April 13 (AJP) - Seoul's two landmark statues in Gwanghwamun are being bathed this week as part of regular maintenance and preservation efforts. As spring arrives, dust and other stains that have accumulated on the statues of King Sejong the Great and Admiral Yi Sun-shin over the long winter months will be washed off on Monday and Tuesday. Any damaged areas will also be touched up and recoated to prevent rust and preserve the statues' original condition. April 13, 2026
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  Tehran blames shifting US demands as marathon Islamabad talks fail SEOUL, April 13 (AJP) - Indirect negotiations between Tehran and Washington concluded in Islamabad after a 21-hour marathon session ended without a final agreement. According to a debriefing released on Monday by the Iranian Embassy in South Korea, the discussions represented the highest level of engagement between the two sides in the past year. While the talks were the longest held in twelve months, the Iranian mission detailed a collapse in momentum just as the parties were report April 13, 2026
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  Seoul city to bring books outdoors with libraries on lawns next week SEOUL, April 13 (AJP) - With the return of balmy weather, several spaces in central Seoul will be transformed into outdoor libraries starting next week, where Seoulites can read books on the lawn in front of City Hall, at Gwanghwamun Square, or along Cheonggye Stream. These open-air libraries, part of the city government's annual summer events, are scheduled to open next Thursday and will feature bookshelves with more than 12,000 books, as well as bean bags, mats, and parasols, April 13, 2026
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  South Korea, Poland agree to further deepen ties beyond defense cooperation SEOUL, April 13 (AJP) - South Korea and Poland on Monday agreed to upgrade their bilateral relationship to a "comprehensive strategic partnership" and pledged to expand cooperation in the defense industry and other areas. "South Korea has global competitiveness across a range of industries, while Poland is strong in basic science and technology and has geographic advantages and a skilled workforce. If these strengths are combined in a mutually beneficial way, a ne April 13, 2026
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  BOK nominee Shin claims he shed foreign assets ahead of hearing SEOUL, April 13 (AJP) — Shin Hyun-song, nominee for governor of the Bank of Korea, defended the central bank’s interventionist stance to curb excessive dollar strength against the won, describing the country’s foreign exchange buffers as “robust” against external shocks. In a written response released Monday ahead of his parliamentary confirmation hearing, Shin warned that a sharp rise in the dollar-won rate fuels inflationary pressure while increasin April 13, 2026
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  Yuhan wins FDA orphan drug tag for Gaucher disease candidate SEOUL, April 13 (AJP) - South Korean drugmaker Yuhan said its experimental Gaucher disease therapy YH35995 has received orphan drug designation from the U.S. Food and Drug Administration (FDA), unlocking a suite of regulatory and commercial incentives as the company pushes into rare disease treatment. The FDA's orphan drug program is designed to spur development of therapies targeting conditions affecting small patient populations with limited treatment options. Designated drugs April 13, 2026
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  Korean LCCs streamline routes and payroll on Gulf war impact SEOUL, April 13 (AJP) - The Gulf war is not yet two months old, but South Korean low-cost carriers are already scaling back long-haul routes and trimming payroll as surging fuel costs and a weakening won curb overseas travel. T’way Air has begun accepting applications for unpaid leave from cabin crew, marking its first such program since August 2024, according to industry sources Monday. The airline said the move is intended to manage crew fatigue and adjust workloads follo April 13, 2026