KITA forecasts record exports for South Korea this year

SEOUL, December 05 (AJP) - South Korea's exports are on track to top $700 billion for the first time in history, with the recovery expected to continue into 2026, according to a report released on Dec. 5 by the Korea International Trade Association (KITA). KITA's Institute for International Trade said exports are projected to rise 3.0 percent this year to $704 billion, while imports are expected to slip 0.3 percent to $630 billion. That would leave the country with a tra

December 5, 2025

Naver teams up with Netflix for Culinary Class Wars Season 2 push

SEOUL, December 05 (AJP) - Naver unveiled a joint marketing campaign with Netflix, leveraging its map and membership services to promote the streaming giant's upcoming cooking competition series Culinary Class Wars Season 2. The South Korean tech firm said on Friday its Naver Map application now features a curated list of restaurants operated by chefs appearing in the Netflix show, which premieres on Dec. 16. A internationally beloved series which pit 80 unknown chefs against

December 5, 2025

Korea's C/V surplus halves, outbound stock invest outsized inbound by a factor of 6

SEOUL, December 05 (AJP) - South Korea posted its 30th straight monthly current account surplus in October, but the headline figure shrank to a six-month low as reduced factory activity during the Chuseok holiday dampened trade, according the central bank data, which also showed Korean outbound stock purchases overwhelming foreign inflows by a factor of six to explain the stubbornly weak Korean won against the U.S. dollar. The Bank of Korea said Friday that the country recorded a

December 5, 2025

South Korea's finance chief rules out using pension fund for FX intervention

SEOUL, December 05 (AJP) - South Korea’s finance chief pushed back against speculation that the government might lean on the National Pension Service to help stabilize the weakening won, saying market fundamentals — not state intervention — should guide currency movements. Deputy Prime Minister and Finance Minister Koo Yoon-cheol, speaking in a radio interview Friday, said the government has no intention of directing the NPS, one of the world’s largest in

December 5, 2025

Five Hanjin airlines adopt Starlink high-speed Wi-Fi across fleets

SEOUL, December 05 (AJP) - Five airlines under South Korea’s Hanjin Group will adopt SpaceX’s Starlink satellite internet service to provide high-speed in-flight Wi-Fi, Korean Air said on Friday. The move, which includes Korean Air, Asiana Airlines, Jin Air, Air Busan and Air Seoul, marks the first deployment of Starlink by a South Korean carrier. Starlink operates a network of more than 8,000 low-earth orbit satellites and offers speeds of up to 500 Mbps, allowin

December 5, 2025

Hotel Shilla CEO's son earns near-perfect score on university entrance exam

SEOUL, December 5 (AJP) - Hotel Shilla president Lee Boo-jin has garnered fresh attention this week as it was revealed that her son earned a near-perfect score on last month's university entrance exam, creating a buzz among many parents. With this year's exam being one of the toughest as only five students achieved perfect scores, her son reportedly missed just one question. The news spread shortly after former conservative lawmaker Park Sun-young shared it on social medi

December 5, 2025

Korea–Syria forum explores post-civil war reconstruction, economic partnership

SEOUL, December 05 (AJP) - South Korea and Syria held their first joint business forum in Damascus on Dec. 4, marking a rare step toward expanded economic engagement as Syria seeks partners for reconstruction and modernization efforts. The forum, hosted by the foreign ministries of both countries and organized by KOTRA and the Federation of Syrian Chambers of Commerce, took place at the Sheraton Hotel in central Damascus. According to KOTRA, around 100 government officials, busi

December 5, 2025

South Korea expected to top $700 billion in exports for first time: KITA

SEOUL, December 05 (AJP) - South Korea’s exports are on track to surpass $700 billion for the first time this year, with momentum expected to continue into 2026, the Korea International Trade Association (KITA) said on Friday. KITA forecasts exports will climb 3 percent from last year to $704 billion, while imports are projected to edge down 0.3 percent to $630 billion, producing a $74 billion trade surplus. The report cites strong performances in semiconductors and shi

December 5, 2025

KAIST professor Choi Won-ho receives top plasma engineering prize

SEOUL, December 05 (AJP) - The Korea Advanced Institute of Science and Technology said on December 5 that Professor Choi Won-ho of the Department of Nuclear and Quantum Engineering has received the K-T Rie Award at the Asian-European Conference on Plasma Surface Engineering, known as AEPSE 2025, one of the leading global gatherings in applied plasma science and engineering. The K-T Rie Award is presented every two years to an international researcher who has made notable contribut

December 5, 2025

K-wave, riding past China's "Big Ban"

China’s internet, fortified by its “Great Firewall,” blocks the platforms through which much of the world consumes culture — YouTube, Netflix, Facebook, Instagram. Yet Korean dramas, music, and entertainment continue to find audiences there, slipping through the cracks via VPNs, unofficial downloads, and fan-run networks. This quiet persistence offers a window into China’s cultural ecosystem, and into the limits of state control. Korean pop

December 5, 2025