INTERVIEW: At Woori's Gangnam center, Kim Jae-sang builds home for super-rich SEOUL, October 02 (AJP) - With global stock markets buoyant and demand for tangible assets rising, wealthy investors in South Korea are reassessing where to put their money. For Kim Jae-sang, head of Gangnam Financial Center of Woori Securities, the answers lie in gold — and in Asia’s two largest economies. “Gold has transitioned from a safe haven and inflation hedge to an investment asset,” Kim said in an interview. “And when it comes to equities, October 2, 2025

SK Biopharm's US arm posts record sales of epilepsy drug SEOUL, October 02 (AJP) - SK Life Science, the U.S. subsidiary of South Korea’s SK Biopharm, reported record sales of its epilepsy treatment cenobamate in the first half of this year, reaching 170,000 cumulative prescriptions. The company highlighted the achievement during its annual “Plan of Action” meeting in Chicago, as it looks to build momentum in one of the world’s most competitive pharmaceutical markets. More than 130 employees from SK Life Scie October 2, 2025

South Korea emerges as new hub in Asian drug trade after first joint bust with US DEA SEOUL, October 02 (AJP) - South Korea's first joint drug operation with the U.S. Drug Enforcement Administration (DEA) has exposed a shift that officials had long warned about. The country is no longer just a market for narcotics but is being used as an exporter and transit hub in the regional drug trade. Police in South Gyeonggi Province said Wednesday that they arrested a 35-year-old woman who ran a beauty supply export company in Uiwang and a man in his 20s who helped with October 2, 2025

OpenAI on board, Korea's AI drive and chip stock rally hit the accelerator SEOUL, October 02 (AJP) - South Korea has hit the accelerator in the global race for AI supremacy, drawing global capital and top-tier software players while leveraging its world-class chip and hardware infrastructure to establish itself as Asia’s hub for data centers. On Wednesday, the country’s two leading conglomerates—Samsung and SK Group, both home to the world’s biggest memory chipmakers—announced landmark partnerships with OpenAI, the creator o October 2, 2025

Military postpones annual field training to mid-November SEOUL, October 2 (AJP) - The military has postponed its large-scale field training to mid-November. The annual "Hoguk Exercise," involving the Army, Navy, and Air Force, initially scheduled for the fourth week of October, will now be held from Nov. 17 to 21, the Joint Chiefs of Staff said Thursday. The postponement comes as South Korea prepares for the Asia-Pacific Economic Cooperation (APEC) summit in the historic city of Gyeongju from Oct. 31 to Nov. 1, to ensure sa October 2, 2025

Jeju Samdasoo, Korea's top bottled water brand, eyes global expansion SEOUL, October 02 (AJP) - For nearly three decades, Jeju Samdasoo has dominated South Korea’s bottled water market. Now, the company is turning to international markets in search of growth, as competition at home intensifies and consumer habits shift. Baek Kyung-hoon, chief executive of Jeju Development Corporation, which produces Samdasoo, said the company is targeting 600 billion won, or about $435 million, in revenue by 2035. “Domestically, our real competitors October 2, 2025

Park Bo-gum to promote hanbok globally in time for Chuseok SEOUL, October 2 (AJP) - A series of giant billboard ads featuring actor Park Bo-gum is set to appear in several major cities overseas including Times Square, New York next week, coinciding with Chuseok, one of the country's biggest holidays. According to the Ministry of Culture, Sports and Tourism on Thursday, the ads showing Park in hanbok or traditional Korean dress will light up the streets of New York, Milan, and Tokyo for a week, starting from Chuseok Day, October 2, 2025

Posco International opens EV material plant in Poland SEOUL, October 02 (AJP) - Posco International has opened a new factory in Poland to produce drive motor cores, a critical component for electric vehicles. The plant, located on a 100,000-square-meter site, will begin trial production this month, with full-scale operations scheduled for December. Drive motor cores, often described as the “heart” of an electric vehicle, form the core of the motor that powers the car. Posco International’s version incorporate October 2, 2025

South Korea logs record C/A surplus for Aug, extends 28-mo gain SEOUL, October 02 (AJP) -South Korea posted a current account surplus of $9.15 billion in August, extending its black streak to 28 consecutive months, as a sharp fall in energy imports offset weaker exports to key markets including the United States and China. According to preliminary data from the Bank of Korea on Thursday, the August surplus was down from $10.78 billion in July but marked the largest for the month on record. The cumulative surplus for January–August October 2, 2025

Kakao Games sells golf subsidiary to refocus on global gaming push SEOUL, October 02 (AJP) - Kakao Games has sold its golf subsidiary, Kakao VX, in a deal that will provide the company with more than $156 million in fresh capital as it shifts its focus toward big-budget video game development for international markets. The company said Thursday that its board approved the sale of 100 percent of Kakao VX shares to IVG, a subsidiary of Kakao Investment, in a transaction valued between $210 million and $250 million. Before transferring full own October 2, 2025