HMM expands global port investments with major projects in Brazil, Spain SEOUL, July 22 (AJP) - HMM, South Korea’s largest shipping company, is accelerating its push into international port terminal operations, targeting long-term leases and acquisitions as it seeks to cement its position in the global logistics market. The company plans to invest in terminals with operating rights spanning 20 to 30 years, generating revenue through vessel management, cargo handling, storage, and integrated logistics services. According to industry sources, HM July 22, 2025

PHOTOS: Enduring ancient masterpiece in Gyeongju SEOUL, July 22 (AJP) - Nestled on the slopes of Mount Tohams, the Seokguram Grotto stands as a testament to the apex of Buddhist art during the unified Silla Dynasty. Regarded as a paramount masterpiece, its creation began in 751 under the patronage of Kim Dae-seong, then the prime minister to King Gyeongdeok. The grotto was completed 23 years later, in 774 during the reign of King Hyegong. King Gyeongdeok's era (742-765) is celebrated as a golden age for Silla's Buddhi July 22, 2025

North Korea lures foreign tourists with huge discounts for next year's marathon event SEOUL, July 22 (AJP) - North Korea appears to be eager to earn hard currency, as it has already started offering deals for its annual marathon event for next spring. According to ads on Tuesday by Koryo Tours, a Beijing-based agency specializing in travel to the isolated country, early-bird discounts of 50 percent are available until Sept. 1 for those who sign up for the Pyongyang International Marathon, which is scheduled for April next year. Without detailed itineraries and oth July 22, 2025

Hanwoo beef gets legislative backing as Korea aims to modernize cattle farming SEOUL, July 22 (AJP) - South Korea has enacted a new law aimed at strengthening the nation's hanwoo beef industry. The Ministry of Agriculture, Food and Rural Affairs announced Tuesday that the so-called “Hanwoo Act” has been officially promulgated and will go into effect on July 23 next year. The legislation mandates that the government devise rolling five-year development plans for the premium Korean beef industry and provide direct financial support to cattle f July 22, 2025

Court postpones another of Lee's trials indefinitely, bringing all his cases to halt SEOUL, July 22 (AJP) - A district court on Tuesday decided to postpone President Lee Jae-myung's trial over alleged illegal money transfers to North Korea. The Suwon District Court in Gyeonggi Province said it made the decision in consideration of his status as president. "In order to ensure that the defendant (Lee) can fulfill his official duties guaranteed by the Constitution, we decided to postpone the trial to a later date for the sake of continuity in state affairs, July 22, 2025

PHOTOS: Webtoon hit 'My Daughter Is a Zombie' comes to screen July 30 SEOUL, July 22 (AJP) - A press screening for the film "My Daughter Is a Zombie" was held Monday at Megabox COEX in Gangnam-gu, Seoul, offering a glimpse into the cinematic adaptation of the popular webtoon. The movie, which is scheduled for release on July 30, stars Cho Jung-seok, Lee Jung-eun, Cho Yeo-jeong, Yoon Kyung-ho, and Choi Yu-ri, and is based on a webtoon that has garnered more than 500 million views globally. Set against a backdrop of a sudden, unidentified July 22, 2025

Hanwha Ocean tops post-merger performance among Korea's major corporate acquisitions SEOUL, July 22 (AJP) - Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering, has emerged as the top-performing acquisition among major corporate takeovers by South Korea’s 30 largest conglomerates since 2015, according to an analysis released Tuesday by the corporate research firm Leaders Index. The report examined 20 acquisitions valued at over 500 billion won (approximately $365 million), assessing performance across key shareholder metrics including revenue July 22, 2025

Hyundai's electric vehicle exports plunge 88 percent amid US setbacks SEOUL, July 22 (AJP) - Hyundai Motor Group’s electric vehicle exports plunged nearly 90 percent in the first five months of 2025, as softening demand and looming policy shifts in the United States threaten the automaker’s global electrification strategy. Data released Tuesday by the Korea Automobile & Mobility Association showed that Hyundai and its affiliate Kia shipped just 7,156 EVs between January and May, an 88 percent decline from 59,705 units during the same p July 22, 2025

[K-Tech] LG unveils advanced EXAONE AI ecosystem SEOUL, July 22 (AJP) - LG AI Research unveiled its next-generation artificial intelligence platform, the EXAONE ecosystem, on Tuesday at its annual AI Talk Concert, signaling an aggressive push into multimodal AI, enterprise solutions, and scientific research. Held at the Magok LG Science Park in Seoul, the event highlighted the firm's ambition to position itself at the forefront of AI innovation across industries ranging from finance to biotechnology. “In 2025, we are July 22, 2025

KDB fast-tracks $73 billion tech fund to bolster strategic industries SEOUL, July 22 (AJP) - Korea Development Bank plans to launch a sweeping 100 trillion won (approximately $73 billion) investment fund aimed at strengthening South Korea’s capabilities in critical high-tech sectors, including artificial intelligence, semiconductors, biotechnology, and robotics. According to financial industry sources, the state-run lender has formed a task force to lay the administrative groundwork for the fund and is actively exploring organizational restruc July 22, 2025