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  KOTRA to run largest-ever national pavilion at CES SEOUL, January 02 (AJP) - The South Korean government will operate its largest-ever national pavilion at this year's Consumer Electronics Show (CES), officials said Wednesday. About 900 Korean companies will participate in the world's largest electronics trade show, to be held in Las Vegas from Jan. 7–10. The Ministry of Trade, Industry, and Energy and the Korea Trade-Investment Promotion Agency (KOTRA) will manage the unified Korean pavilion, featuring 445 companie January 2, 2025
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  Hyundai Motor charts path toward sustainability amid mounting challenges Editor's Note: This article is the first installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, January 2 (AJP) - South Korea’s automotive giant Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., is gearing up for a pivotal 2025 as it navigates mounting global competition and an industry-wide shift toward sustainable vehicles. Hyunda January 2, 2025
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  Investigators poised to arrest Yoon SEOUL, January 2 (AJP) - The Corruption Investigation Office for High-ranking Officials (CIO) is seeking to arrest President Yoon Suk Yeol as early as Thursday. An arrest warrant over Yoon's botched martial law attempt last month was issued earlier this week and it will remain valid until next Monday, suggesting that the CIO's investigators will take actions in the next few days. With a search warrant also in hand, they are also expected to search for any remaining eviden January 2, 2025
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  Korea's exports hit record high in 2024, led by robust chip sales SEOUL, January 2 (AJP) - South Korea's exports reached a record $683.8 billion in 2024, an 8.2 percent increase from the previous year driven by semiconductors, according to the Ministry of Trade, Industry and Energy. Chip exports, accounting for more than 20 percent of total exports, jumped nearly 44 percent to $141.9 billion, surpassing the previous record of $129.2 billion set in 2022, the ministry reported Tuesday. The country's trade surplus hit $51.8 billion, its hi January 2, 2025
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  Acting president appoints two justices from three nominees to Constitutional Court SEOUL, December 31 (AJP) - Acting President Choi Sang-mok on Tuesday appointed two justices out of three nominees to fill vacancies at the Constitutional Court of Korea. During a Cabinet meeting in Seoul, Choi said he decided to appoint Cho Han-chang, a nominee recommended by the ruling People Power Party (PPP) and Jeong Gye-seon, another nominee proposed by the main opposition Democratic Party (DP). "I decided to appoint the two justices to urgently resolve political uncert December 31, 2024
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  PHOTOS: Memorial altars set up nationwide for plane crash victims SEOUL, December 31 (AJP) - Joint memorial altars are being operated nationwide to commemorate the victims of Sunday's plane crash. All but two of the 181 people aboard a Jeju Air passenger jet died after the plane crashed while landing at Muan International Airport. December 31, 2024
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  More founders of enterprises included among Korea's wealthiest stockholders SEOUL, December 31 (AJP) - The number of founders among South Korea's 50 wealthiest stockholders has more than doubled over the past decade, increasing from five to 12, according to a report by corporate research firm Leaders Index released Tuesday. Samsung Electronics Chairman Lee Jae-yong remains at the top of the list, with shares valued at 12.17 trillion won ($9.4 billion). Despite holding the top spot, Lee’s holdings have shrunk by 15.4 percent since early 2023, she December 31, 2024
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  Business leaders pay respects to Jeju Air crash victims SEOUL, December 31 (AJP) - South Korea's corporate leaders joined the nation in mourning on Tuesday, visiting memorial altars to honor the 179 victims of Sunday's Jeju Air crash, the country’s deadliest aviation disaster in over two decades. Sohn Kyung-shik, chairman of the Korea Enterprises Federation, visited a memorial altar in front of Seoul City Hall, offering condolences to the bereaved families. Yoon Jin-sik, president of the Korea International Trade Associa December 31, 2024
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  Sneak peek of Spanish folk opera offered in Seoul SEOUL, December 31 (AJP) - An event showcasing excerpts from a Spanish folk opera was held in Seoul last week, ahead of its first-ever performance here. Co-hosted by the Embassy of Spain in Seoul and the Korea Opera Coaches Association (KOCA), the event, held at COEX in southern Seoul on Sunday, was part of a fundraising effort for the production of the Spanish folk opera "Zarzuela," as well as to commemorate the 75th anniversary of diplomatic relations between South Korea December 31, 2024
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  New Year's celebrations scaled down in mourning for plane crash victims amid political turmoil SEOUL, December 31 (AJP) - Various events and festivals scheduled for New Year's Eve have been either canceled or scaled down as South Korea observes a mourning period this week, following last Sunday's fatal crash of a Jeju Air flight in Muan, South Jeolla Province. The tragic accident further dampened the festive mood just ahead of ushering in the Year of the Wood Snake, as the country is weathering political turmoil, after a motion to impeach President Yoon Seok Yeol was December 31, 2024