Hanwha Aerospace on a roll on soaring global defense spending Editor's Note: This article is the 39th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, October 16 (AJP) - Since Russia's invasion of Ukraine in February 2022, global defense spending has soared. Europe's rush to rearm has opened new markets for Asian manufacturers, pushing South Korea into the front line of the world's fast-growing arms tra October 16, 2025

Son of ex-president assumes post as new envoy to China SEOUL, October 16 (AJP) - Roh Jae-heon, the son of the late former President Roh Tae-woo, is set to assume his post ass South Korea's ambassador to China, the Ministry of Foreign Affairs said on Thursday. For his first assignment, Roh, 60, is expected to coordinate Chinese President Xi Jinping's upcoming visit to South Korea for the Asia-Pacific Economic Cooperation (APEC) summit, which is scheduled to be held in the historic city of Gyeongju later this month. Roh's October 16, 2025

Korea, US racing toward a trade deal before APEC summit SEOUL, October 16 (AJP) - South Korean and U.S. officials signaled that a settlement may be near in their three-month-long trade negotiations linked to Seoul’s $350 billion investment pledge and a potential tariff cut, with an agreement possibly coming before the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju later this month. “We are about to finish up with Korea,” U.S. Treasury Secretary Scott Bessent told reporters on Wednesday, referring to the October 16, 2025

Asian shares lifted by dovish Powell comments SEOUL, October 15 (AJP) - Asian stocks finished broadly higher on Wednesday after dovish remarks from U.S. Federal Reserve Chair Jerome Powell raised hopes for additional monetary easing. The KOSPI jumped 2.68 percent to close at 3,567.28, while the secondary Kosdaq added 2 percent to 864.72. Semiconductor shares extended their rally, powering the broader market. Samsung Electronics surged 3.71 percent to a new high of 95,000 won ($66.83), and SK hynix climbed 2.31 percent to 4 October 15, 2025

Weight-loss injections turn diet fad in Korea, raising abuse concerns SEOUL, October 15 (AJP) - Easier access and a wider range of options are fueling misuse of foreign-made weight-loss injections in diet-obsessed Korea amid lax regulations and aggressive marketing by clinics and drugstores. Originally designed strictly for obesity treatment, the costly injections have become easier and cheaper to obtain since Eli Lilly's Mounjaro entered the Korean market in August as a lower-priced alternative to Novo Nordisk's Wegovy. Interest in Wegov October 15, 2025

South Korean first responders fight trauma without aid or support SEOUL, October 15 (AJP) - "When I broke the window and stepped inside, I realized I had stepped on a dead body." Lee Chang-seok, a 19-year veteran firefighter, still remembers one of the first fires he responded to in his first year on the job. The fire had already spread through the building—a restaurant below and a home above—and the windows were sealed shut by signboards. "They tried to escape through the window," he recalled. "But the si October 15, 2025

Kazakhstan turns to South Korea to share vision for 'Alatau City' project SEOUL, October 15 (AJP) - Kazakhstan is betting big on its flagship plan to build a new innovation and AI hub in the Alatau region, located near the borders with Russia and China, and is seeking close partnership with South Korea based on their shared history and development aspirations, officials said Wednesday. The Kazakh government launched a high-profile roadshow titled “Alatau, Rise with Kazakhstan” in Seoul to promote the initiative. The Alatau City project, n October 15, 2025

AI boom gushes down to midstream, buoying Asian fab operators SEOUL, October 15 (AJP) - Investors are closely watching third-quarter earnings from Taiwan’s foundry leader TSMC and South Korea’s AI memory powerhouse SK hynix to gauge the depth of surging demand for artificial intelligence chips—especially after stronger-than-expected results from Samsung Electronics. Samsung Electronics on Tuesday reported record quarterly revenue of 86 trillion won (approximately $62.4 billion) and an operating profit of 12.1 trillion won ( October 15, 2025

Foreign investors turn heavy buyers of Korean stocks and bonds in September SEOUL, October 15 (AJP) - Foreign investors became net buyers of more than US$9 billion worth of Korean stocks and bonds in September, marking a sharp turnaround from a $600 million net outflow in August and signaling a recovery in confidence toward the Korean capital market, the central bank said Wednesday. According to data from the Bank of Korea, net foreign inflows into Korean securities reached $9.12 billion last month — $4.34 billion in equities and $4.48 billion in October 15, 2025

80 South Korean detainees refuse to return home, Cambodia says SEOUL, October 15 (AJP) - Around 80 South Koreans are being held in Phnom Penh but are refusing to return home, Cambodian authorities said on Wednesday. Touch Sokhak, a spokesperson for Cambodia's Ministry of Interior, told China's state-run Xinhua News the previous day that South Korean officials have contacted these individuals, but they refuse to return to Seoul. But he added that he was unsure whether they are the same as the 80 missing people the South Korean Minis October 15, 2025