Korea Legacy Committee marks 10 years of tackling elderly poverty with anniversary gala

SEOUL, September 25 (AJP) - The Korea Legacy Committee (KLC) will mark its 10th anniversary with a gala at the Four Seasons Hotel Seoul on October 25. The event will reflect on the group’s work over the past decade while pointing to the continuing problem of elderly poverty in South Korea. Founded in 2015, KLC is a nonprofit set up to confront the country’s high elderly poverty rate through direct services, community programs, and youth engagement. Based in Seoul and o

September 25, 2025

HD Hyundai discusses shipbuilding cooperation with Saudi Arabia

SEOUL, September 25 (AJP) - HD Hyundai is expanding its cooperation with Saudi Arabia in the shipbuilding sector, strengthening ties through joint ventures and technology partnerships tied to the kingdom’s Vision 2030 initiative. The company said Thursday its vice chairman, Jeong Ki-seon, met with Saudi Investment Minister Khalid Al-Falih at the Banyan Tree Hotel in Seoul to discuss the progress of a joint shipyard and engine plant under construction in Saudi Arabia. The t

September 25, 2025

India's information minister meets Krafton executives in Seoul

SEOUL, September 25 (AJP) - India’s Minister of Information and Broadcasting, Logesh Rajendran Murugan, visited Krafton’s headquarters in Seoul on Wednesday, marking the first visit by an Indian central government minister to the South Korean game publisher. Krafton said Thursday the meeting highlighted India’s importance as a strategic market and provided an opportunity to discuss policy cooperation and business collaboration. Murugan, who also serves as Mi

September 25, 2025

KAIST turns 3D printing upside down to make custom brain chip

SEOUL, September 25 (AJP) - Researchers at the Korea Advanced Institute of Science & Technology (KAIST) have developed a new way to build custom 3D brain chips that could change how scientists study the brain and treat neurological diseases. Traditional brain chips, used to study nerve cells grown outside the body, are usually built with semiconductor processes. These methods are expensive and flat in design, which makes it hard to create realistic 3D structures. Even with new

September 25, 2025

Naver moving to acquire Korea's top cryptocurrency exchange operator

SEOUL, September 25 (AJP) - South Korean internet and tech powerhouse Naver Corp. is moving to integrate the nation's leading cryptocurrency exchange, Upbit, into its ecosystem by acquiring Upbit's operator, Dunamu Inc. The core of the proposed deal is a comprehensive stock swap between Naver's fintech subsidiary, Naver Financial, and Dunamu. The news, which marks a major convergence between South Korea's dominant internet portal and the country's largest

September 25, 2025

US command ship docks in Busan

SEOUL, September 25 (AJP) - The USS Blue Ridge, the command ship of the U.S. Navy's 7th Fleet, arrived on Thursday in South Korea's southern port city of Busan to replenish supplies and provide rest for crew members. According to the Navy, the ship will carry out activities aimed at enhancing cooperation between the two allies. "The arrival of the Blue Ridge will strengthen exchange and cooperation between the U.S. and South Korean navies," said a Navy officer

September 25, 2025

BlackRock's Samsung stake surpasses Lee family as KOSPI soars

SEOUL, September 25 (AJP) - Samsung Electronics Co. remains a top pick for BlackRock Inc., which has reaped outsized gains from its bullish bet on the KOSPI — this year's best-performing major equity index globally. The world's largest asset manager now holds a larger stake in Korea's chip titan than the controlling Lee family. BlackRock owns 5.07 percent of Samsung Electronics, a position valued at 25.4 trillion won ($18.1 billion) based on Tuesday's closing p

September 25, 2025

Busan Museum to showcase Shakespeare First Folio and Harry Potter first edition in special exhibition

SEOUL, September 25 (AJP) - The Busan Museum, located in South Korea's second-largest city, will open a major international exchange exhibition, "Writers Revealed: From Shakespeare to 500 Years of Literature and Art," on September 30, bringing together rare treasures from the canon of English literature. The show will run until January 18, 2026. The exhibition features 140 works spanning five centuries, including portraits of 78 celebrated authors, handwritten manusc

September 25, 2025

Park Chan-wook's latest film draws over 300,000 on opening day

SEOUL, September 25 (AJP) - Director Park Chan-wook's latest film "No Other Choice" attracted over 331,000 moviegoers on its opening day, instantly climbing to the top spot at the box office. The Korean Film Council on Thursday said the thriller starring Lee Byung-hun and Son Ye-jin topped the box office upon its release the previous day, setting the highest opening record among his previous hits like "Decision to Leave" in 2022 and "The Handmaiden&q

September 25, 2025

Hanmi Global expands in Middle East with Kuwait, Saudi contracts

SEOUL, September 25 (AJP) - Hanmi Global announced on Thursday that it had secured a series of construction management contracts in the Middle East. The company won three construction supervision contracts from Kuwait’s Public Authority for Housing Welfare, valued at about 31 billion won, or roughly $22 million. In Saudi Arabia, it secured a separate deal worth 16 billion won to provide project management services for part of the kingdom’s vast Green Riyadh initiativ

September 25, 2025