Latest
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Sanguine KOSPI signals bumper IPO year in 2026
SEOUL, November 13 (AJP) - Rejuvenated stock markets, abundant liquidity from monetary easing, and renewed corporate confidence fueled by strong exports are setting the stage for a bumper year for South Korean initial public offerings in 2026. Among the most closely watched are K Bank — which has already filed its preliminary prospectus and is awaiting approval — as well as beauty-and-fashion leaders CJ Olive Young, Musinsa, and Gudai Global, the rising Korean retail brands with e
November 13, 2025
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NCSoft unveils Horizon Steel Frontiers game based on Sony IP
SEOUL, November 13 (AJP) - NCSoft unveiled a new multiplayer game based on Sony Interactive Entertainment's popular Horizon franchise at the G-Star 2025 gaming convention on Thursday, marking its first major collaboration on the globally acclaimed intellectual property. The South Korean game developer revealed "Horizon Steel Frontiers," a massively multiplayer online role-playing game that adapts the Horizon universe to mobile devices, at the BEXCO convention center in
November 13, 2025
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How Trump's tariff ruling could affect South Korea's trade deal with US
SEOUL, November 13 (AJP) - U.S. President Donald Trump's sweeping tariff policy faces headwinds as the Supreme Court is set to rule on the legality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The IEEPA is a 1970s-era U.S. law that grants the president broad authority to freeze assets or impose economic sanctions in response to emergencies that threaten national security or foreign policy. Trump invoked the law to impose tariffs on nearly a
November 13, 2025
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LG, Mercedes-Benz explore deeper 'One LG' partnership for next-gen car parts
SEOUL, November 13 (AJP) - South Korea's electronics giant LG Group said Thursday that it discussed expanding its “One LG” partnership with Mercedes-Benz, aligning its affiliates’ combined auto-parts capabilities for next-generation electric and software-defined vehicles. The meeting at LG Twin Towers in Yeouido, Seoul, coincided with the visit of Ola Källenius, chairman and CEO of Mercedes-Benz Group. Executives from LG Electronics, LG Display, LG Energ
November 13, 2025
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Korea's Hyundai Motor Group relies on hybrid relief until EV appetite returns
SEOUL, November 13 (AJP) - South Korea's Hyundai Motor Group has largely weathered headwinds from a sluggish electric-vehicle market and unfavorable U.S. tariff conditions by leaning aggressively into hybrid offerings. The group's two marques – Hyundai and Kia – sold 831,933 hybrid vehicles globally in the first nine months of 2025, up 27.2 percent from 654,067 units a year earlier, according to available data. At this pace, annual hybrid sales are projected to s
November 13, 2025
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USD-KRW eases after testing above 1,1470 after verbal intervention
SEOUL, November 13 (AJP) -The U.S. dollar softened after briefly topping 1,470 won during Thursday’s session in Seoul, as investment jitters eased following President Donald Trump’s signing of a bill to end the longest-ever U.S. government shutdown. The Korean won, already down 2 percent this month, initially faced renewed downward pressure as foreign investors took profits after their record stock buying, while the greenback strengthened on Washington’s r
November 13, 2025
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Hankook Tire to supply tires for Volkswagen's new Tayron SUV
SEOUL, November 13 (AJP) - South Korea’s Hankook Tire & Technology said on Thursday that it will supply original equipment tires for Volkswagen’s new crossover SUV, the Tayron. The new Ventus Evo SUV tires were developed in close technical collaboration with Volkswagen and are designed to deliver a quieter, more comfortable ride. Hankook said the tires feature an AI-developed compound that optimizes both performance and stability, while a specialized cuff desi
November 13, 2025
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Samsung showcases cinema screen technology at film festival in Los Angeles
SEOUL, November 13 (AJP) - Samsung Electronics said on Thursday that it is serving as an official sponsor of the 11th Asian World Film Festival in Los Angeles, using the event to highlight its Cinema LED Onyx screen. The festival, which runs through Nov. 20 at the Culver Theater, features films from more than 30 Asian countries. Samsung’s Onyx screen — which uses self-emitting LED technology instead of a traditional projector — will be used for screenings throu
November 13, 2025
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Swedish embassy to spotlight this year's Nobel prize achievements
SEOUL, November 13 (AJP) - A symposium spotlighting this year’s Nobel Prize laureates and their academic achievements will be held in Seoul on Monday, bringing together scholars and researchers from Korea and Sweden. Hosted by the Embassy of Sweden in Seoul and supported by the Sweden-Korea Education, Research, and Innovation Collaboration (SKERIC) and the Korean Academy of Science and Technology (KAST), the event aims to promote academic exchange while honoring the legacy
November 13, 2025
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Asian markets hardly move on Suneung Day, awaiting end of U.S. shutdown
SEOUL, November 13 (AJP) - Asian markets were largely unmoved on Thursday as investors waited for confirmation of an end to the U.S. government shutdown. In Seoul, the KOSPI and KOSDAQ inched up to 4,153.35 and 911.88, respectively, as of 11:20 a.m. The market opened at 10:00 a.m.—one hour later than usual—due to the nationwide Suneung college entrance exam. The Korean won weakened further, with the dollar gaining 4.60 won to hit a new annual high of 1,474.1 won despi
November 13, 2025