Vietnam stays South Korea's No. 3 trading partner for fourth year SEOUL, January 26 (AJP) - Vietnam remained South Korea’s third-largest trading partner for a fourth consecutive year as South Korean exports topped $700 billion for the first time last year, according to government and industry data released on Monday. Vietnam also generated South Korea’s second-largest trade surplus, after the United States. South Korea’s exports to Vietnam rose 7.6 percent from a year earlier to $62.8 billion in 2025, data from the Ministr January 26, 2026

Korean Air invests in drone startup to boost unmanned aircraft capabilities SEOUL, January 26 (AJP) - Korean Air has made a strategic investment in drone specialist Pablo Air, aiming to secure core unmanned-aircraft technologies and expand its presence beyond its traditional aviation business. The two companies signed a strategic equity investment agreement on Jan. 23 at Korean Air’s Seosomun office in central Seoul, according to Korean Air, Monday. Pablo Air specializes in swarm artificial intelligence technology, which allows multiple drones January 26, 2026

Korea's two largest chipmakers to report earnings and HBM plans on same day this week SEOUL, January 26 (AJP) - Samsung Electronics and SK hynix, the world's two largest memory makers based in South Korea, are set to report record earnings on the same day - Thursday - this week in full display of the strength of the current semiconductor upcycle. Instead of numbers, the market would be watching what the leading chipmakers would reveal about their high-bandwidth memory (HBM) strategies and capacity plans during conference calls. It will be the first time January 26, 2026

Former prime minister Lee Hae-chan dies in Viet Nam SEOUL, January 25 (AJP) - Former South Korean Prime Minister Lee Hae-chan died at a hospital in Viet Nam on Sunday after suffering a heart attack the previous day. He was 74 years old. The Peaceful Unification Advisory Council (PUAC), a presidential consultative body, said, "The senior vice chairperson died at 2:48 p.m. local time," adding it is currently discussing arrangements for transporting his body to Seoul and funeral services with his family and relevant authoritie January 25, 2026

Foreign investors' holdings of South Korean stocks hit highest level in nearly six years SEOUL, January 25 (AJP) - Foreign investors' share of stocks on South Korea’s benchmark KOSPI climbed to its highest level in five years and nine months in January, according to figures released by the Korea Exchange on Sunday. The total market capitalization of KOSPI‑listed companies stood at 3,759.72 trillion Korean won (roughly US$2.55 trillion) as of early this month, with foreign holdings valued at 1,398.03 trillion won, accounting for about 37.18 percent, the highe January 25, 2026

Lee withdraws nomination of budget minister as controversy mounts SEOUL, January 25 (AJP) - President Lee Jae Myung on Sunday withdrew the nomination of Lee Hye-hoon, a nominee to head the newly established Ministry of Planning and Budget amid mounting criticism over a series of allegations. Senior presidential secretary for political affairs Hong Ik-pyo said at a briefing that Lee made the decision after carefully considering a wide range of views and public assessments. Hong said she "regrettably" did not meet public expectations fo January 25, 2026

Mom-and-pop businesses suffer brunt of economic slowdown SEOUL, January 25 (AJP) - The number of self-employed businesses stood at 5.62 million last year, down 38,000 from a year earlier, the National Data Agency said on Sunday. The figure fell for a second straight year and was also the largest decline since 2020 when the coronavirus pandemic hit the country. Mom-and-pop businesses declined by 75,000 in 2020 and 18,000 in 2021, then saw a gradual post-pandemic recovery of 119,000 in 2022 and 57,000 in 2023, only to fall again by 32, January 25, 2026

Enhypen's Sunghoon to serve as torchbearer for Winter Olympics next month SEOUL, January 25 (AJP) - Sunghoon, a member of boy band Enhypen, will participate in a torch relay for the upcoming Winter Olympics in Cortina d'Ampezzo and Milan, scheduled to kick off early next month. The relay began its journey of carrying the flame across over 100 Italian provinces early last month, but details about which stretch Sunghoon will cover have not been disclosed. The former figure skater-turned-singer is expected to deliver a "message of peace and f January 25, 2026

Coupang reasserts itself as US tech company amid claims of unfair treatment SEOUL, January 25 (AJP) - E-commerce giant Coupang stressed once again that it is a U.S. company. The top of its browser tab briefly displayed "Coupang: US Tech Company Redefining Global Commerce" on Saturday before returning to the previous version, though some web browsers were still displaying it. The tab now again displays its previous promotional message in Korean, highlighting its fast "rocket" delivery service as well as membership benefits and January 25, 2026

Korean airlines cancel 18 U.S. flights as powerful winter storm batters America SEOUL, January 24 (AJP) - Korean airlines have grounded 18 flights to the United States as a powerful winter storm sweeps across the central and eastern regions of the country, disrupting travel plans for thousands of passengers ahead of the weekend. Korean Air, Asiana Airlines and Air Premia announced the cancellations as of 2:30 p.m. Saturday, with disruptions expected to continue through Jan. 27 as the storm system intensifies. Korean Air bore the brunt of the disruptions, scr January 24, 2026