OpenAI opens office in South Korea, its largest market in Asia-Pacific

SEOUL, September 10 (AJP) - OpenAI, the San Francisco artificial intelligence company behind ChatGPT, has opened an office in Seoul, its third in Asia and 12th worldwide. “Our mission is to ensure that artificial general intelligence benefits all of humanity,” Jason Kwon, OpenAI’s chief strategy officer, said at a press briefing in Seoul, Wednesday. “We can’t achieve that mission unless we are partnering closely with countries like Korea.” So

September 10, 2025

PHOTOS: Welcome mat for Chinese tourists

SEOUL, September 10 (AJP) - South Korea is rolling out the welcome mat for Chinese tourists, announcing visa-free entry for tour groups of three or more people starting September 29. The move, announced on Sept. 7, aims to capitalize on the upcoming influx of visitors, particularly during China's "Golden Week" holiday in October. The announcement has sent a clear signal to the domestic retail industry, which is now in a race to prepare for the expected surge. Busi

September 10, 2025

South Korea maintains top spot in higher education among OECD countries

SEOUL, September 9 (AJP) - More than half of South Koreans hold college or higher degrees, according to a report released by the Ministry of Education on Tuesday. About 56.2 percent of adults aged 25 to 64 in the country had completed higher education, maintaining the top spot for 17 consecutive years among the 38 member countries of the Organization for Economic Cooperation and Development (OECD), whose average stood at 41.9 percent. The gap becomes even more pronounced among th

September 9, 2025

Hyundai Motor unveils compact electric concept car

SEOUL, September 09 (AJP) - Hyundai Motor Company introduced its first compact electric vehicle concept under its Ioniq brand on Tuesday, signaling the automaker’s move into smaller car segments as it broadens its electric lineup. The vehicle, called the “Concept Three,” debuted at the IAA Mobility 2025 show in Munich, Europe’s largest auto fair. It marks Hyundai’s entry into the compact electric market, following the rollout of mid-size and large EVs i

September 9, 2025

Korean petrochemical industry looks to shipbuilding playbook for survival

SEOUL, September 09 (AJP) - LG Chem’s new partnership with Toyota Tsusho Corporation is being hailed by industry analysts as a blueprint for South Korea’s petrochemical sector, which is struggling to withstand a flood of low-cost Chinese competition. Announced Tuesday, the agreement gives Toyota Tsusho a 25 percent stake in LG Chem’s cathode materials plant in Gumi. Analysts say this will help restructure the joint venture in a way that allows the facility to compl

September 9, 2025

Korea's largest chemical firm bets on next-generation materials to escape prolonged slump

SEOUL, September 09 (AJP) - LG Chem is drawing on its most valuable holdings and accelerating restructuring as South Korea’s largest chemical company struggles with an unprecedented downturn in its business, which has delivered four straight quarters of losses. The company is exploring ways to raise as much as 3 trillion won, or about $2.15 billion, through a financing arrangement tied to its majority stake in battery maker LG Energy Solution and a series of divestitures, acco

September 9, 2025

PHOTOS: Learning traditional etiquette

SEOUL, September 09 (AJP) - A group of students from Myungnyun Elementary School in Busan gathered at Dongnae Hyanggyo, a historic Confucian school, to participate in a traditional etiquette class, Tuesday. Dressed in hanbok, they spent the session learning about traditional Korean etiquette. The hyanggyo, which served as local public educational institutions during the Goryeo and Joseon dynasties, are often described as the historical equivalent of today's public middle an

September 9, 2025

[K-Pop] Soundtrack from K-pop anime remains atop Billboard Hot 100

SEOUL, September 9 (AJP) - One of the main theme songs from Netflix's hit South Korean anime has remained atop the U.S. Billboard Hot 100 singles chart this week. According to Billboard on Monday, "Golden" from the soundtrack of "KPop Demon Hunters" took the No. 1 spot on the chart for the second consecutive week and its fourth week overall, since its release in late June. Alongside "Golden," other songs from the soundtrack such as "How It&#

September 9, 2025

Lotte Chemical's struggles mirror South Korea's petrochemical crisis

SEOUL, September 09 (AJP) - Lotte Chemical, once seen as a pillar of South Korea’s industrial strength, is now grappling with a series of setbacks that mirror the broader malaise in the country’s petrochemical sector. The company’s Malaysian unit, Lotte Chemical Titan, has recorded losses for 10 consecutive quarters, culminating in a roughly 1 trillion won ($721 million) impairment charge late last year. Once a reliable profit engine, the subsidiary has become a

September 9, 2025

US Homeland Security chief says detained Korean workers will be 'deported'

SEOUL, September 09 (AJP) - U.S. Homeland Security Secretary Kristi Noem said Korean workers detained in an immigration raid in Georgia last week will be "deported" — a statement that appears to contradict what South Korean officials say they had already negotiated. Speaking Monday (local time) in London during a meeting of security ministers, Noem said the workers caught in the raid “are going to be deported,” adding that some also face additional charge

September 9, 2025