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  Pulmuone vows AI-driven growth push at annual shareholder meeting SEOUL, March 31 (AJP) - South Korean food company Pulmuone held its annual general meeting, pledging to accelerate its artificial intelligence transformation strategy and expand into new business segments as it eyes a deeper footprint in global markets. The meeting, held at the Korea Science and Technology Convention Center in Seoul's Gangnam district on Tuesday, drew shareholders and company executives under the theme "ONE" — a reference to the firm's corpor March 31, 2026
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  UN Human Rights Council adopts resolution condemning North Korea SEOUL, March 31 (AJP) - The United Nations Human Rights Council (UNHRC) has adopted a resolution condemning human rights violations in North Korea, calling for the country to be held accountable. According to the Ministry of Foreign Affairs here on Tuesday, the resolution was passed unanimously by consensus at the council's 61st session in Geneva last Sunday, with South Korea among the 50 co-sponsoring countries. Such resolutions have been adopted annually since 2003, March 31, 2026
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  KOSPI slides as Korean won hits 17-year low amid deepening Middle East conflict SEOUL, March 31 (AJP) - With Asian markets mostly opening mixed on Tuesday, South Korean stocks took the brunt of losses as the won weakened to around 1,520 for the first time since the 2008 global financial crisis. The escalating conflict in the Middle East, along with fading hopes for ceasefire talks, further weighed on market sentiment. The possible deployment of U.S. ground forces further heightened fears of the conflict turning into a massive regional war. With Asian markets March 31, 2026
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  Korean won at crisis lows, but no crisis, says BOK chief nominee SEOUL, March 31 (AJP) -The South Korean won weakening past the 1,520-per-dollar mark — its lowest level since the global financial crisis in March 2009 — should not be overstated as a sign of crisis, as the country's financial system is far more resilient than in the past, Bank of Korea governor nominee Shin Hyun-song said Tuesday. “What matters more than the level itself is whether the financial system can accommodate it,” Shin told reporters as he arriv March 31, 2026
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  AWS to invest additional 7 trillion won in AI in South Korea by 2031 SEOUL, March 31 (AJP) - Amazon Web Services (AWS) will make a massive investment in South Korea over the next seven years to expand its infrastructure for artificial intelligence (AI)-related facilities and cloud services. According to industry data disclosed by the Korea Internet & Security Agency (KISA) on Tuesday, AWS plans to invest an additional 7 trillion (or US$4.6 billion) won by 2031. Combined with the 5.6 trillion won already invested, the total through 2031 would r March 31, 2026
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  Hanwha joins US Navy project as subcontractor for logistics ship SEOUL, March 31 (AJP) - Hanwha Group is participating in a U.S. Navy project as a subcontractor, the South Korean defense giant said on Tuesday. Hanwha Ocean's Philly Shipyard and Hanwha Defense USA said they will work with Vard Marine, a naval architecture and marine engineering company fully owned by Italian Fincantieri Group, to take part in the project for the U.S. Navy's next-generation logistics support ship or NGLS. It is the first time a South Korean firm is carry March 31, 2026
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  Ottogi joins hands with Gen.G Esports to chase global gaming audience SEOUL, March 31 (AJP) - South Korean food company Ottogi has signed a strategic partnership with global esports organization Gen.G Esports, targeting millennial and Gen Z gamers across key international markets, the company said Tuesday. The two companies plan to weave gaming culture into everyday consumer experiences by building an integrated marketing model spanning content, physical spaces, and commerce. Brand exposure will be carried through player uniforms and digital content c March 31, 2026
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  BTS' 'Swim' hits No. 1 on Billboard's top 100 song chart SEOUL, March 31 (AJP) - BTS has topped the Billboard Hot 100, the weekly top 100 song chart compiled by the prominent American music and entertainment magazine, on Monday (local time) with the band's new song "Swim," released on March 20. While BTS reached its seventh No. 1 on Billboard's most popular song chart, the seven-member band also dominated other global rankings across major Billboard charts. According to Billboard, "Swim" debuted at No. 1 on t March 31, 2026
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  Korea's Feb factory output gain strongest in 6 yrs, record construction recovery *Updated with additional information and market response SEOUL, March 31 (AJP) -Before the sudden war in the Middle East, South Korea’s industrial front had shown a sanguine face, with manufacturing posting its strongest growth in nearly six years, facility investment surging to a more than decade high and construction activity hitting a record, data showed Tuesday. Mining and manufacturing output rose 5.4 percent from a month earlier, sharply reversing a 2.4 percent drop March 31, 2026
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  Korean banks' BIS ratio turn lower as weak won inflates FX assets SEOUL, March 31 (AJP) - South Korean banks’ capital buffers edged lower at the end of last year as the won’s sharp weakening inflated foreign-currency assets, underscoring growing pressure from exchange-rate-driven balance sheet expansion, data showed Tuesday. The common equity Tier 1 (CET1) ratio of domestic banks stood at 13.51 percent at end-2025, down 0.12 percentage point from the previous quarter, according to the Financial Supervisory Service. The decline c March 31, 2026