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  Hanwha Ocean to build Korea's largest wind turbine installation vessel SEOUL, February 06 (AJP) - Hanwha Ocean said on Friday it had secured a 768.7 billion won ($530 million) order to build a wind turbine installation vessel from affiliate Ocean Wind Power 1. Delivery of the vessel is scheduled for the first half of 2028. The company said deployment will initially be considered for domestic offshore wind projects. According to Hanwha Ocean, the vessel will be the first in South Korea capable of installing 15-megawatt-class offshore wind turbine February 6, 2026
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  US senators raise alarm over lifting nuclear restrictions on South Korea SEOUL, February 6 (AJP) - A handful of U.S. senators have sent a letter to President Donald Trump, expressing concerns over allowing South Korea to pursue nuclear enrichment and the reprocessing of spent nuclear fuel, it was revealed on Friday. In the letter sent on Jan. 30, four U.S. Democratic senators Chris Van Hollen, Edward Markey, Jeff Merkley and Ron Wyden urged Trump to implement the "strongest possible non-proliferation measures in any revised nuclear cooperation agree February 6, 2026
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  At lowest place, Archdiocese of Seoul diaconate ordination SEOUL, February 06 (AJP) - Eleven newly ordained deacons lie prostrate during the 2026 Archdiocese of Seoul Deacon Ordination Ceremony at Myeongdong Cathedral in central Seoul on Feb. 5. Deacons serve as ordained ministers assisting priests, proclaiming the Gospel and delivering homilies during Mass, administering the sacrament of baptism and presiding over marriage rites. The priestly ordination ceremony is scheduled to be held on Feb. 6. February 6, 2026
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  Blockchain expert says adoption in banking is shifting toward financial infrastructure SEOUL, February 06 (AJP) - Global financial institutions are increasingly viewing stablecoins and tokenized deposits as essential infrastructure rather than speculative assets, according to Xin Yan, co-founder and chief executive officer of Sign, a blockchain technology company. This shift is driven by the demand for programmable money that can function natively on-chain. Unlike traditional fiat currency, which relies on fragmented legacy systems, on-chain assets allow for direct February 6, 2026
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  South Korea in talks with UNC for more access to DMZ SEOUL, February 6 (AJP) - South Korea is in close consultations with the U.N. Command (UNC) on ways to effectively manage the Demilitarized Zone (DMZ), the Ministry of Defense said on Friday. The development comes as South Korea reportedly proposed managing the southern side of the heavily fortified zone, which extends 2 kilometers south of the demarcation line separating the two Koreas. South Korea is seeking civilian access to more areas on the southern side of the front line, February 6, 2026
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  Kazakhstan unveils draft of new constitution for nationwide referendum SEOUL, February 06 (AJP) - The Embassy of the Republic of Kazakhstan has released details regarding a new draft constitution that proposes a comprehensive transformation of the nation's political and legal framework. Initiated by President Kassym-Jomart Tokayev, the reform moves beyond simple amendments to establish a new governance model that will be finalized through a nationwide referendum. The push for a new constitution follows a proposal made by President Kassym-Jomart T February 6, 2026
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  SK Biopharm posts record profit on strong US sales of epilepsy drug SEOUL, February 06 (AJP) - SK Biopharmaceuticals said on Friday that its operating profit more than doubled last year to a record high, driven by strong U.S. sales of its epilepsy drug cenobamate. The drugmaker reported consolidated operating profit of 203.9 billion won for the year, up about 112 percent from a year earlier. Revenue rose 29.1 percent to 706.7 billion won, while net profit increased 11.6 percent to 253.3 billion won. Cenobamate, marketed in the United States u February 6, 2026
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  Koreans' overseas stock buying nearly matches current account surplus SEOUL, February 06 (AJP) - South Korean purchases of overseas stocks tripled from a year earlier to a record high last year, nearly matching the country’s record current account surplus, according to central bank data released on Friday. Preliminary balance-of-payments figures from the Bank of Korea (BOK) showed South Korean residents bought $114.3 billion worth of foreign equities in 2025, up $72.2 billion from the previous year. That amounted to 92.9 percent of t February 6, 2026
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  Korea's record C/A surplus pales by near-tripling capital outflows SEOUL, Feb. 06 (AJP) -The black figure in South Korea’s current account stretched to a monthly high in December and an annual high for 2025 thanks to red-hot chip sales, but the bulk of the gains went to defending the Korean currency against rapid depreciation and funding outbound investments, data showed. According to data released by the Bank of Korea on Friday, the current account in December recorded a surplus of $18.7 billion, an increase of more than $6 billion from t February 6, 2026
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  Regional winner becomes this week's biggest loser due to foreign selloff SEOUL, February 06 (AJP) - Markets across Asia flashed red Friday following a broad Wall Street pullback, with hitherto regional winner Korean stocks hardest hit by a global institutional selling spree. Losses in AI and big-tech shares on Nasdaq loomed over the KOSPI amid a decisive position shift by domestic and foreign institutions this week, setting off the second sell-side sidecar this week. Traders said the correction was inevitable after an almost nonstop rally this year February 6, 2026