Latest news
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Start-Up Chile CEO promotes collaboration with S. Korean startups at Seoul event
SEOUL, April 24 (AJP) - Start-Up Chile CEO Javiera Araneda called for deeper cooperation between Chile and South Korea in building a global startup ecosystem on Wednesday during a pitching and networking event held in the southern Seoul district of Gangnam. The event, hosted by the Embassy of Chile in the Republic of Korea at the Global Startup Center, brought together about 60 participants, including startup founders and entrepreneurs from South Korea and other countries. The ses
April 24, 2025 -
SK hynix posts soaring profits on surging AI chip demand
SEOUL, April 24 (AJP) - SK hynix reported a sharp rise in first-quarter profits on Thursday, fueled by surging demand for advanced memory chips used in artificial intelligence applications. The company’s operating profit jumped 157.8 percent from a year earlier to 7.44 trillion won, or about $5.21 billion, according to a regulatory filing. Revenue rose 41.9 percent to 17.64 trillion won, while net profit soared 323 percent to 8.11 trillion won. “The memory market impr
April 24, 2025 -
Alibaba's 26-year rise as Asia's technology titan
Editor's Note: This article is the 15th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, April 24 (AJP) - In 1999, in a small apartment in Hangzhou, eastern China, a former English teacher named Jack Ma gathered 17 friends and associates to launch a new kind of business. Their goal was audacious: to create an online marketplace that would connect Ch
April 24, 2025 -
South Korea sees first monthly rise in births in 11 years
SEOUL, April 23 (AJP) - South Korea recorded its first year-on-year monthly increase in births in more than a decade in February, offering a rare glimmer of hope in the country’s ongoing demographic crisis. According to data released Wednesday by Statistics Korea, 20,035 babies were born in February, a 3.2 percent increase from the same month last year, or 622 additional births. This marked the first time since 2014 that February births had risen and the largest such incr
April 23, 2025 -
Cardinal You Heung-sik named among contenders for next pope
SEOUL, April 23 (AJP) - Cardinal Lazarus You Heung-sik, the prefect of the Vatican's Dicastery for the Clergy, has been named one of the top candidates to become the next pope after the death of Pope Francis earlier this week. Italy's largest daily Corriere della Sera on Tuesday listed him 11th among its "12 likely successors to Pope Francis." He was one of two Asians, along with Cardinal Luis Antonio Tagle of the Philippines, among a dozen contenders that included
April 23, 2025 -
Retailers battle for supremacy in booming online fresh food market
SEOUL, April 23 (AJP) - South Korea’s major retailers are intensifying their push into the fresh food market, a fast-growing segment that has emerged as a critical battleground for both e-commerce and traditional chains. Coupang, the country’s dominant online retailer, is leading the charge. The company has ramped up its investment in fresh food logistics, forging direct partnerships with regional producers across South Chungcheong, South Gyeongsang, and North Gyeongsa
April 23, 2025 -
Prosecutors raid Korea Zinc, brokerages in market manipulation probe
SEOUL, April 23 (AJP) - Prosecutors raided the headquarters of Korea Zinc and several major brokerage firms on Wednesday as part of a widening investigation into allegations of unfair trading practices tied to a multibillion-dollar rights offering announced last year. Investigators from the Southern Seoul District Prosecutors’ Office carried out search and seizure operations at six corporate offices and five private residences, including those of Korea Zinc executives and bran
April 23, 2025 -
PHOTOS: Jeju Island's famed native horses
SEOUL, April 23 (AJP) - More than a hundred Jeju horses, designated national treasures, thundered across the verdant expanse of the Mabangmokji pasture near Mount Halla on April 19 and 20, marking a vibrant festival celebrating the island's equine heritage. The event showcased "ipmok," a time-honored Jeju tradition that ritually ushers livestock into new grazing lands or signals the commencement of spring pasturing. The festival aimed to underscore the profound cultural and hist
April 23, 2025 -
INTERVIEW: How Korean culture stole Parisian hearts, devoted advocate explains
SEOUL, April 23 (AJP) - "France today is completely different from what I once knew," said Lee Il-yeol, chief of the Korean Cultural Center in Paris, as he began his interview with AJP early this month. Reflecting on his time in the late 1980s when he first arrived in the city of light as a student, he said, "Back then, only a small circle of scholars of Asian studies or diplomats had some interest in South Korea, so the center often remained deserted, visited only by
April 23, 2025 -
Tariff tensions between US and China will dent Korea's growth: report
SEOUL, April 23 (AJP) - South Korea's economy could see its growth rate shaved by as much as half a percentage point this year if trade tensions between the United States and China continue to escalate, according to a report from Citigroup. The analysis underscores the deepening vulnerability of export-driven economies like South Korea's amid intensifying geopolitical frictions between the world’s two largest economies. Even under scenarios in which Seoul manages to
April 23, 2025
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Bank of China supports Korea Eximbank's first Hong Kong dollar bond issuance
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Translator Kim Jeong-ah completes decade-long Dostoevsky translation project
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Lee seeks advice from religious leaders over luncheon
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Korea looks to shipbuilding ties as strategic tool in tariff talks with US
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Korean instant noodle firms Samyang, Nongshim poised for strong earnings
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Trump's 200 percent drug tariff threat draws cautious response
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North Korean hacker slapped with US sanctions over cyber scam
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Foreign language media association celebrates 10 years of connecting South Korea with the world
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North Korea to offer AI-related courses at universities
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Korean agricultural machinery firms brace for 25 percent US import tariff