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  Eastar Jet joins IATA as full member to strengthen global competitiveness SEOUL, May 11 (AJP) - Eastar Jet has joined the International Air Transport Association as a full member, the airline said Monday, in a move aimed at strengthening its global competitiveness and safety standards. IATA is the world’s largest airline industry association, with 374 member airlines from 129 countries. It plays a central role in the global aviation industry by setting and managing international standards and regulations for air transport, as well as assigning airli May 11, 2026
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  Outgoing BOK dove delivers hawkish swan song amid inflation risks SEOUL, May 11 (AJP) — Inflation has become increasingly worrisome and is likely to dominate upcoming monetary policy discussions at the Bank of Korea, outgoing Monetary Policy Board member Shin Sung-hwan said Monday, in a notable hawkish turn from one of the central bank’s most dovish voices. Shin, whose term ends Tuesday, admitted during a press conference that he had previously favored rate cuts, but said that if he were still to remain on the board, he would now be May 11, 2026
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  Memorial space for Korean War heroes set to open at Gwanghwamun SEOUL, May 11 (AJP) - A memorial garden honoring soldiers who died in the Korean War and other war veterans is set to open this week at Gwanghwamun in central Seoul, according to the Seoul Metropolitan Government. City officials and workers were busy making final preparations on Monday, just a day ahead of the opening of the space, dubbed the "Garden of Gratitude," which commemorates the sacrifices and contributions of around 22 countries that sent troops and provided sup May 11, 2026
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  LG Electronics to supply OLED monitors for Hyundai's N racing simulators SEOUL, May 11 (AJP) - LG Electronics (LGE) announced Monday it will supply high-end OLED monitors for Hyundai Motor’s high-performance "Hyundai N Racing Simulator," expanding its display business into the virtual driving sector. Under the partnership, LG will provide the 65-inch LG OLED Pro monitor for the "Pro" simulator model and 65-inch OLED TVs for the "Racer" model. The professional-grade OLED Pro features 4K resolution and a specialized May 11, 2026
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  Hanwha Aerospace to supply additional Chunmoo launchers to Estonia SEOUL, May 11 (AJP) - Hanwha Aerospace will supply three additional Chunmoo multiple rocket launchers to Estonia, the company said Monday, marking a follow-up deal just five months after its first contract with the Baltic nation. The latest purchase reflects the growing defense partnership between South Korea and Estonia, which began with Estonia’s acquisition of K9 self-propelled howitzers and has since expanded to include precision-guided multiple rocket launchers. Hanwha May 11, 2026
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  North Korean march in Russia's Victory Day parade sends message on new alliance SEOUL, May 11 (AJP) - Missing were the regular VIPs from China and Iran at this year's Victory Day in Russia, while the military hardware usually showcased along Red Square was notably scaled back amid the ongoing wars in Ukraine and the Middle East. What stood out instead during the 45-minute spectacle was the march of North Korean servicemen fighting alongside Russian troops in Ukraine. The message came across clear. The spectacle was intended to “show off the mili May 11, 2026
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  Bibi releases special single Bumpa on May 20 SEOUL, May 11 (AJP) - South Korean singer-songwriter Kim Hyung-seo, known professionally as Bibi, will release a special single titled Bumpa on May 20. The upcoming track serves as her first musical release in exactly one year since her second studio album debuted in May 2025. Kim Hyung-seo is a prominent soloist in South Korea recognized for her distinct vocal style and narrative-driven songwriting. Since her debut, she has maintained a high degree of creative autonomy, frequentl May 11, 2026
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  China confirms Trump's visit to Beijing later this week SEOUL, May 11 (AJP) - U.S. President Donald Trump will make a state visit to China this week at the invitation of Chinese President Xi Jinping, the country's Foreign Ministry said on Monday. The announcement came a day after the White House said Trump is scheduled to arrive in Beijing on Wednesday ahead of a summit with Xi Jinping the following day. His trip will mark the first visit to China by a U.S. president in nearly a decade. The last such visit was also made by Trump d May 11, 2026
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  Kurly posts record Q1 as Coupang stumbles SEOUL, May 11 (AJP) - South Korean online grocer Kurly logged its strongest-ever quarterly earnings in the first three months of 2026, riding a wave of consumer migration away from market leader Coupang as the country's e-commerce hierarchy shows fresh signs of strain. According to regulatory filings released Monday, operating profit jumped to 24.2 billion won ($16.4 million) in the first quarter, a 1,277 percent skyrocketing surge from a year earlier and 1.9 times the company&# May 11, 2026
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  LVMH chair inspects shops in Korea amid weakening sales SEOUL, May 11 (AJP) - Bernard Arnault, chairman and CEO of French luxury titan LVMH, arrived in Seoul on Monday for an intensive inspection of the South Korean market as the world’s largest luxury group faces slowing global momentum and weaker growth in Korea relative to rival luxury houses despite the country’s continued luxury boom. Accompanied by his eldest daughter, Delphine Arnault, CEO of Christian Dior Couture, the LVMH chief’s visit comes at a pivotal mom May 11, 2026