Latest news
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SK chief visits Taiwan to discuss AI semiconductor cooperation with TSMC
SEOUL, April 11 (AJP) - SK Group Chairman Chey Tae-won traveled to Taiwan earlier this week to meet with TSMC and other Taiwanese semiconductor companies to discuss cooperation in artificial intelligence (AI) semiconductors, industry sources said on Friday. SK Hynix CEO Kwak No-jung reportedly accompanied Chey on the visit, which marks the chairman's first publicly known trip to Taiwan in 10 months. During his previous visit in June 2024, Chey met with TSMC Chairman Mark Liu and
April 11, 2025 -
Offline retailers ramp up in-store brand strategy to weather slow consumption
SEOUL, April 11 (AJP) - In an effort to combat sluggish consumer spending and stay competitive against online shopping platforms, South Korea’s major offline retailers are increasingly turning to popular in-store brands to draw foot traffic. E-Mart, the country’s largest hypermarket chain, significantly expanded its in-store brand ratio from 30 percent to 70 percent when it reopened a megastore in the western port city of Incheon in March 2023, featuring well-known names
April 11, 2025 -
Jeju 4·3 Archives inscribed in UNESCO's Memory of the World program
SEOUL, April 11 (AJP) - The Jeju 4·3 Archives have been officially inscribed in UNESCO's Memory of the World program, marking global recognition of the historical tragedy and the island’s long journey toward truth, reconciliation, and remembrance. The decision was adopted during the 221st session of UNESCO’s Executive Board, held in Paris on Apr. 10 (local time). The listing, under the title “Revealing Truth: Jeju 4·3 Archives,” acknowledg
April 11, 2025 -
Studio Meta-K secures investment for advanced AI content production
SEOUL, April 10 (AJP) - Studio Meta-K, a South Korean technology startup specializing in artificial intelligence-powered media production, has raised 2 billion won, or approximately $13.7 million, in new funding from Korea Investment Partners, the company announced Thursday. The funds will be used to bolster the firm’s AI development initiatives, enhance content production infrastructure, and support the rollout of global marketing strategies, according to a company statement.
April 10, 2025 -
Stocks rally as tariff concerns ease
SEOUL, April 10 (AJP) - South Korean stocks soared on Thursday, recouping recent losses after President Donald Trump announced a 90-day postponement of planned tariffs. The benchmark KOSPI index surged 6.6 percent to close at 2,445.06, marking its strongest single-day gain in months. The tech-heavy KOSDAQ index also posted a robust advance, rising 5.97 percent to finish at 681.79. Foreign investors purchased roughly 1.1 trillion won ($753 million) worth of stocks and derivatives.
April 10, 2025 -
Constitutional Court rejects Justice Minister's impeachment over alleged martial law involvement
SEOUL, April 10 (AJP) - The Constitutional Court of Korea on Thursday unanimously dismissed the impeachment of Justice Minister Park Sung-jae over his alleged involvement in disgraced former President Yoon Suk Yeol's botched martial law debacle late last year. The court said it found "no evidence or other objective records" showing that Park aided Yoon's Dec. 3 declaration of martial law or tacitly supported it. With the ruling, Park was immediately reinstated,
April 10, 2025 -
Former PPP leader Han Dong-hoon declares presidential bid
SEOUL, April 10 (AJP) - Han Dong-hoon, former leader of the ruling People Power Party (PPP), declared his bid for the upcoming presidential election in front of the National Assembly in Seoul on Thursday. The snap election, scheduled for June 3, follows the Constitutional Court of Korea's unanimous decision last week to impeach disgraced former President Yoon Suk Yeol over his botched martial law debacle late last year. Taking a jab at Lee Jae-myung, former leader of the main
April 10, 2025 -
PHOTOS: Yoon Suk Yeol ouster leads to spike in Cheong Wa Dae visitors
SEOUL, April 10 (AJP) - Cheong Wa Dae, once the presidential office which opened to the public in May 2022 after the inauguration of former President Yoon Suk Yeol, is experiencing a sharp increase in visitors following the Constitutional Court's verdict to oust Yoon from office. The surge is attributed to two main factors. The impeachment protests that had gripped nearby areas like Gwanghwamun have ceased. Additionally, there is growing speculation that public access to the compound w
April 10, 2025 -
Kia to enter US pickup truck market
SEOUL, April 10 (AJP) - Kia Corp. announced Thursday it will invest 42 trillion won, or about $31.5 billion, over the next five years as it ramps up its transition to electric vehicles and expands its global manufacturing footprint. The investment, disclosed during the company’s annual CEO Investor Day, represents a 10 percent increase over Kia’s previous five-year plan and is aimed at boosting annual production capacity to 4.25 million vehicles by 2030. The figure avera
April 10, 2025 -
Kazakh Kurultai in Seoul brings together diaspora communities across Asia
SEOUL, April 10 (AJP) - The second Kurultai of Kazakhs in Asia was held in South Korea from Apr. 5 to 6, drawing over 200 participants from ethnic Kazakh communities in Korea, Malaysia, Japan, China, and Mongolia, the Embassy of Kazakhstan in the Republic of Korea said Wednesday. A Kurultai is a traditional assembly rooted in Turkic and Mongol cultures, historically convened to discuss important political, social, or cultural matters. In the modern context, the Kurultai serves as
April 10, 2025
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PHOTOS: Pictorial album of Mount Paektu landscapes
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North Korea hails historic treaty in bid to mend ties with China
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KOSPI surges above 3,200 for first time since 2021
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Korean exporters brace for weaker second half as tariff uncertainty looms
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Samsung to launch XR headset this year, targeting Apple, Meta
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Daboseong Gallery unveils additional imperial and aristocratic treasures from China
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Record early heat wave leads to surge in heat-related illnesses
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Hyundai Motor unveils high-performance EV, Ioniq 6 N
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Lee Jae Myung leans on local currency legacy in push for grassroots recovery
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Hyundai, Kia gain US market share despite 25 percent tariffs