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  Trump's drug pricing overhaul could reshape Korea's biosimilar, pharma sectors SEOUL, January 23 (AJP) - The Trump administration is poised to implement sweeping changes to U.S. drug pricing and pharmaceutical supply chains, moves that could have profound implications for South Korea’s pharmaceutical and biotech industries. U.S. drug prices are under scrutiny due to patent monopolies and a lack of government-negotiated pricing. The administration is considering reintroducing the Most Favored Nation (MFN) model, which aims to align U.S. drug prices with t January 23, 2025
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  Samsung unveils Galaxy S25 series with enhanced AI capabilities SEOUL, January 23 (AJP) - Samsung Electronics unveiled its Galaxy S25 flagship smartphones at the Galaxy Unpacked event in San Jose on Thursday, showcasing cutting-edge artificial intelligence features and upgraded hardware. The Galaxy S25 series debuts One UI 7, Samsung's AI-optimized interface, which promises a more intuitive user experience through advanced language processing. Among its standout features is "Now Brief," an AI-driven tool that analyzes user habits January 23, 2025
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  Korean contemporary dance group joins Coldplay's experimental video project SEOUL, January 22 (AJP) - Ambiguous Dance Company, a South Korean contemporary dance troupe, has joined British rock band Coldplay's experimental video project, "A Film for the Future," unveiled Wednesday. The project brings together over 150 global artists and draws inspiration from Coldplay's album Moon Music, released last year. Ambiguous Dance Company performed choreography in sync with the song as part of the collaboration. The video for A Film for th January 22, 2025
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  SM Group Chairman Woo attends both of Trump's presidential inaugurations SEOUL, January 22 (AJP) - SM Group Chairman Woo Oh-hyun has attended both of Donald Trump’s presidential inaugurations, serving as a key private bridge for South Korea-U.S. economic diplomacy. Woo’s official invitations to Trump’s inaugurations highlight his influential role in fostering private economic exchanges between South Korea and the United States. Woo, who serves as an advisor to the Korea-U.S. Alliance Friendship Association, attended Trump’s January 22, 2025
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  Subway fares to rise this spring SEOUL, January 22 (AJP) - Subway fares in Seoul are expected to be hiked by 150 won this spring. Seoul Metro said on Tuesday that it has decided to raise the base fare from 1,400 won to 1,550 won in the first half of this year. The hike was much anticipated, as the Seoul Metropolitan Government tried to raise fares last year but postponed the move amid the prolonged economic downturn. The impending hike, which could take effect as early as March, comes about two years after 20 January 22, 2025
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  Investigators fail once again to question Yoon over martial law debacle SEOUL, January 22 (AJP) - Investigators from the Corruption Investigation Office for High-ranking Officials (CIO) on Wednesday failed once again to question President Yoon Suk Yeol over his botched martial law debacle last month. They visited a remand prison in Uiwang, Gyeonggi Province, where Yoon is confined, in an attempt to either bring him to the CIO headquarters in Gwacheon in the same province or question him at a separate facility there, but to no avail. They were forced to January 22, 2025
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  PHOTOS: Children learn traditions of Lunar New Year festival SEOUL, January 22 (AJP) - As Korea's major holiday, the Lunar New Year known as "Seollal," nears next week, kindergarten children in various regions in South Korea are learning the customs of performing a New Year's bow and traditional folk games. January 22, 2025
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  LG Display swings to profit in fourth quarter, driven by strong OLED sales SEOUL, January 22 (AJP) - LG Display returned to profitability in the fourth quarter of 2024, reporting an operating profit of 83.1 billion won ($62.3 million), as its strategic pivot toward OLED technology began to bear fruit, the company announced Wednesday. Fourth-quarter revenue rose 6 percent year-on-year to 7.83 trillion won, with OLED products accounting for a record 60 percent of total sales. The growth was primarily driven by increased shipments of smartphone displays, un January 22, 2025
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  Actor Ji Chang-wook named ambassador to promote young scouts SEOUL, January 22 (AJP) - Actor Ji Chang-wook has been appointed as a promotional ambassador for young scouts, the Korea Scout Association said on Wednesday. The appointment ceremony was held in Yeouido, Seoul on Jan. 11 where Ji was presented with a plaque and a symbolic neckerchief. "Ji, who is expanding his acting spectrum by taking on versatile roles, is expected to play a great role in not only promoting young scouts but also delivering the values of challenges and grow January 22, 2025
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  Resort operator Daemyung Sono launches bid to take over T'way Air SEOUL, January 22 (AJP) - Resort operator Daemyung Sono Hospitality Group announced on Wednesday its intent to acquire budget airliner T’way Air, signaling its ambitious foray into the aviation industry. Sono International, the group's holding company, issued a management proposal to T’way Air early this week, the firm said. Daemyung Sono’s push into aviation underscores its efforts to diversify beyond its core hospitality business. The move follows heigh January 22, 2025