Lee Jae Myung leans on local currency legacy in push for grassroots recovery SEOUL, July 10 (AJP) - After polishing off two hearty portions of Korean-style barbecue, Kim Eun-hee reached for her go-to payment method: a slim, peach-colored card labeled “Hwaseong Special City.” The 52-year-old social worker swiped it with ease, as she does nearly everywhere she shops, commutes, and eats. “I get 10 percent back every time I charge it,” Kim said, sipping an americano from a seniors’ cafe where a cup costs just 1,100 won, or about 81 July 11, 2025

Hyundai, Kia gain US market share despite 25 percent tariffs SEOUL, July 10 (AJP) - Hyundai Motor and its affiliate Kia notched a record 11 percent combined market share in the United States over the first five months of 2025, sidestepping the immediate effects of steep American tariffs by holding vehicle prices steady and relying on preexisting inventory. The two South Korean automakers sold a combined 752,778 vehicles from January through May, up from 10.5 percent in the same period a year earlier, according to data released Thursday by W July 10, 2025

US think tank proposes slashing USFK troops in Seoul to 10,000 SEOUL, July 10 (AJP) - A Washington-based think tank has proposed cutting the number of U.S. troops stationed in South Korea by more than half, according to a report released on Wednesday. Stressing the need to "revise the U.S. global military posture to be consistent with protecting vital national interests," the report by Defense Priorities argued that the U.S. should cut its military presence in South Korea "by more than 50 percent, leaving about 10,000 personnel a July 10, 2025

Krafton opens cultural gaming hub in Seongsu-dong, Seoul SEOUL, July 10 (AJP) - Krafton, the South Korean game developer best known for the global hit PlayerUnknown’s Battlegrounds (PUBG), is venturing beyond screens with the launch of a new three-story cultural and gaming complex in Seoul’s Seongsu-dong, a district known for its blend of street culture and creative retail. Set to open to the public on Friday, the “PUBG Seongsu” complex was unveiled to the media on Thursday, offering a first look at Krafton’s July 10, 2025

Korean defense industry posts record quarter amid export boom to Europe, Middle East SEOUL, July 10 (AJP) - South Korea’s defense industry continued its unprecedented growth trajectory in the second quarter, buoyed by sustained international demand for weapons systems and armored vehicles. The nation’s four leading defense contractors — Hanwha Aerospace, Hyundai Rotem, LIG Nex1, and Korea Aerospace Industries (KAI) — are projected to report a combined operating profit exceeding 1 trillion won for the first time, according to financial estim July 10, 2025

Samsung C&T's 8 Seconds opens first Philippine store, expanding K-fashion reach in Southeast Asia SEOUL, July 10 (AJP) - Samsung C&T’s casual fashion brand 8 Seconds made its official debut in Southeast Asia this week, opening its first store in the Philippines through a partnership with local retail powerhouse Suyen Corporation. The 420-square-meter flagship, located on the second floor of SM Mall of Asia in Manila, launched Wednesday with a grand opening event. Founded in 2012, 8 Seconds is positioned as a trend-driven, accessible fashion label aimed at younger July 10, 2025

Shim Eun-kyung's latest Japanese film invited to compete at Locarno Film Festival SEOUL, July 10 (AJP) - Actress Shim Eun-kyung's latest film has been invited to the upcoming Locarno Film Festival, which opens next month in Switzerland, the film's distributor said Thursday. Based on a Japanese manga by Yoshiharu Tsuge, "Tabi to Hibi" or "Two Seasons, Two Strangers" tells the story of a scriptwriter whose journey leads her to an unexpected encounter with the owner of a remote countryside inn. Directed by Japanese filmmaker Sho Miyake July 10, 2025

Samsung unveils slimmest foldable yet with Galaxy Z Fold7 SEOUL, July 10 (AJP) - Samsung Electronics has introduced its latest flagship foldable, the Galaxy Z Fold7, touting it as the slimmest and lightest model in its Z Fold series to date. Unveiled at the company’s Galaxy Unpacked 2025 event in Brooklyn, the Fold7 represents a significant leap in both design and functionality as the firm continues to bet big on foldables and artificial intelligence. The new device measures just 8.9 millimeters thick when folded and 4.2 millime July 10, 2025

Bank of Korea halts rate cuts amid soaring housing prices SEOUL, July 10 (AJP) - The Bank of Korea left its benchmark interest rate unchanged at 2.5 percent on Thursday, pausing its monetary easing cycle as policymakers contend with a surge in housing prices and rapidly rising household debt. The decision underscores mounting concern within the central bank over asset bubbles forming in the capital region. In recent weeks, apartment prices in Seoul have accelerated at their fastest pace in nearly seven years. “Stabilizing market s July 10, 2025

PHOTOS: Record heat grips South Korea SEOUL, July 10 (AJP) - A relentless, record-breaking heat wave is scorching South Korea. Temperatures in Seoul climbed to an unprecedented 37.8 degrees Celsius on Tuesday, the highest ever recorded for early July. The intense heat has sent a dramatic surge of patients to emergency rooms across the country. According to the Korea Disease Control and Prevention Agency, 238 individuals sought emergency medical attention for heat-related illnesses on Monday alone. This brings the t July 10, 2025