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  Korea's move to regulate platforms faces US trade pressure SEOUL, February 18 (AJP) - South Korea’s attempt to rein in dominant online platforms has hit a roadblock, as recent trade threats from the Trump administration cast uncertainty over the initiative. The Korea Fair Trade Commission (KFTC) is reassessing its position on the Platform Competition Promotion Act (PCPA), a proposed law designed to curb unfair practices by major digital platforms. The bill has faced resistance from Washington, raising concerns over potential trade fri February 18, 2025
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  Over 140,000 visitors enjoy outdoor sledding along Han River this winter SEOUL, February 18 (AJP) - Winter recreational facilities in parks along the Han River in Seoul ended their seasonal operations last week after attracting more than 140,000 visitors over the past two months, according to the Seoul Metropolitan Government. The city government said on Monday that more than 140,000 people visited three outdoor sledding rinks —Ttukseom, Jamwon, and Yeouido — between late December and last Sunday. They drew about 1,300 visitors a day and 4,40 February 18, 2025
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  SK hynix names head of newly-established subsidiary in US SEOUL, February 18 (AJP) - SK hynix has appointed Lee Woong-sun as president of its newly established West Lafayette LLC subsidiary in Indiana, which will oversee the company's semiconductor packaging operations in the United States. The appointment follows SK hynix's announcement in April 2024 to invest $3.87 billion in building an advanced packaging facility for AI memory chips in West Lafayette, Indiana. The facility, scheduled to begin mass production of next-genera February 18, 2025
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  PHOTOS: Harbingers of spring on Jeju Island SEOUL, February 18 (AJP) - Spring's arrival is palpable on Jeju Island, off the southern coast of the Korean Peninsula. Canola blossoms paint the landscape in vibrant hues, while salamanders, driven by the urge to breed, emerge from their winter slumber. February 18, 2025
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  Samsung chairman tops South Korea's dividend earnings in 2024 SEOUL, February 18 (AJP) - Samsung Electronics Chairman Lee Jae-yong received the highest dividend payout among South Korean business leaders in 2024, collecting 346.5 billion won ($260 million), according to a report by corporate analysis firm Leaders Index. Lee's dividend earnings rose by 22.8 billion won from 323.7 billion won in 2023, cementing his status as the country’s top dividend recipient. Hyundai Motor Group Honorary Chairman Chung Mong-koo ranked second wi February 18, 2025
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  Nongshim to establish European headquarters in Amsterdam SEOUL, February 18 (AJP) - South Korean food company Nongshim announced plans to establish its European headquarters in Amsterdam this March, a move aimed at bolstering its presence in the region's growing instant noodle market. According to Nongshim, the new subsidiary, Nongshim Europe B.V., will take advantage of the Netherlands' extensive logistics infrastructure, including the Port of Rotterdam — Europe's busiest — as well as the country's well-develo February 18, 2025
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  South Korea suspends new downloads of DeepSeek over privacy concerns SEOUL, February 17 (AJP) - New downloads of Chinese artificial intelligence (AI) app DeepSeek have been temporarily suspended due to excessive data collection and privacy concerns, South Korea's data protection watchdog said on Monday. The Personal Information Protection Commission (PIPC) said it decided to suspend the service here since last Saturday, after a probe raised concerns over the app's compliance with data protection regulations. The suspension applies to Apple February 17, 2025
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  US equity firm takes over Inspire Resort in Incheon following heavy losses SEOUL, February 17 (AJP) - A U.S. private equity firm has assumed control of the Inspire Integrated Resort near Incheon International Airport after the property accumulated losses exceeding 150 billion won ($112 million) in its first year of operations. The resort, which opened in January 2024, was originally developed by Mohegan Gaming & Entertainment with an investment of 2 trillion won. The complex includes three five-star hotel buildings with a total of 1,275 rooms, a mult February 17, 2025
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  Around 2,000 teachers take sick leave every year SEOUL, February 17 (AJP) - Nearly 2,000 teachers in South Korea take a leave of absence from school every year due to illness, a report reveals. According to the report submitted to the National Assembly by the Ministry of Education on Monday, 1,973 full-time teachers took sick leave between April 2023 and April 2024. More than half of them were teachers from primary schools, with 412 from middle schools and 289 from high schools. Despite the number of those taking sick leave ste February 17, 2025
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  Biotech firm DYD develops saliva-based diabetes test kit SEOUL, February 17 (AJP) - South Korean biotechnology company DYD announced plans on Monday to introduce a diabetes diagnostic kit capable of detecting the disease through saliva samples in under one minute. The device aims to provide a less invasive alternative to traditional blood-based testing. The diagnostic kit measures glycated albumin, a key biomarker for diabetes, using semiconductor biosensor technology that integrates next-generation surface technology with antibody con February 17, 2025