Hanwha eyes third Poland K9 deal after $1 bn quarterly profit milestone SEOUL, July 31 (AJP) - South Korea's Hanwha Aerospace remained bullish on the second half after nearly reaching the $1 billion milestone in quarterly operating profit, supported by a record order backlog, mass production under Poland's second K9 execution contract, deliveries to Egypt and Australia, and negotiations for a third K9 deal with Warsaw. The company reported second-quarter operating profit of 1.37 trillion won ($951 million), up 59 percent from a year earlier, on July 31, 2026

Cortis teams with Juicy J for 'Motion' ahead of Lollapalooza debut SEOUL, July 31 (AJP) - K-pop rookie boy group Cortis has enlisted Academy Award-winning rapper Juicy J for its latest digital single, "Motion," as the rookie group prepares for its debut appearance at Lollapalooza Chicago this weekend. BigHit Music said Friday that the track was released at 1 p.m. KST. Drawing inspiration from the Memphis hip-hop sound that emerged in the U.S. South during the 1990s, "Motion" reinterprets the genre through the group's own mus July 31, 2026

Record foreign buying sends Seoul's chip titans to daily limit SEOUL, July 31 (AJP) — South Korea's stock market staged one of the most dramatic reversals in its history Friday as record foreign buying and twin near-30 percent surges in Samsung Electronics and SK hynix erased days of panic selling, signaling that global investors remain convinced the artificial-intelligence investment boom is far from over. Foreign investors snapped up a record 7.18 trillion won ($5.2 billion) worth of KOSPI shares, fueling the benchmark index's July 31, 2026

Unionized workers at Kakao Bank stage first-ever strike amid wage dispute SEOUL, July 31 (AJP) - Unionized workers at KakaoBank launched a strike on Friday, marking the bank's first walkout since its establishment in 2017 as the country's first internet-only bank. More than 700 of KakaoBank's roughly 1,000 unionized workers took part in the strike by taking paid leave and staying off the job. No separate rally was held. The bank's labor union said it is discussing its next steps internally. The strike came after the union had been ne July 31, 2026

NMIXX to make Japan debut with 'N=MIXX' SEOUL, July 31 (AJP) - NMIXX will officially enter the Japanese market later this year with the release of its first Japanese best album, "N=MIXX," as the JYP Entertainment girl group expands overseas following a year of international touring and growing recognition from global music publications. JYP Entertainment said Friday that "N=MIXX" will be released on Dec. 9, marking the six-member group's official Japanese debut — roughly four years and ni July 31, 2026

Red Velvet returns as full group with summer EP 'Velvet Summer' SEOUL, July 31 (AJP) — K-pop girl group Red Velvet will return as a full group on Aug. 3 with "Velvet Summer," its first five-member release in more than two years, marking a return to the summer season that helped establish the act as one of K-pop's defining warm-weather groups. SM Entertainment said Friday that the five-track EP and its lead single, "Surfin' Boy," will be released at 6 p.m. KST on Aug. 3. The comeback is the group's first r July 31, 2026

Stray Kids to kick off 2026 comeback with self-produced EP 'THIS & THAT' SEOUL, July 31 (AJP) - Stray Kids will return on Aug. 7 with "THIS & THAT," the group's first release of 2026, following a year of stadium tours, international festival appearances and record-setting success on the Billboard 200. JYP Entertainment said Friday that the group will release the EP and its title track, "This & That," at 1 p.m. KST on Aug. 7. The eight-track project marks another self-produced release for the group, with in-house unit July 31, 2026

Coupang ordered to compensate consumers for data leak SEOUL, July 31 (AJP) - South Korea's consumer watchdog on Friday ordered e-commerce giant Coupang to compensate victims of last year's massive data breach, marking the first decision to recognize the company's liability for damages resulting from the leak. The Consumer Dispute Settlement Commission under the Korea Consumer Agency said Coupang should pay 100,000 won (US$70) in compensation to each of the 50 consumers who filed a collective action in December last year July 31, 2026

Chip stock swings push Korea's FX turnover to record on hedging demand SEOUL, July 31 (AJP) - The same forces driving wild swings in South Korea's semiconductor stocks are now reshaping the country's foreign-exchange market. As AI-fueled volatility draws record foreign participation in Seoul's equity market, demand for currency hedging has pushed daily foreign-exchange turnover to an all-time high, a trend highlighted Friday when unprecedented overseas buying of Korean shares generated heavy FX trading but only a muted immediate rally in t July 31, 2026

Lee arrives in Argentina for final leg of South American trip SEOUL, July 31 (AJP) - President Lee Jae Myung on Thursday arrived in Buenos Aires for the final leg of his South American trip, after visiting Brazil and Chile earlier this week. It marks the first visit to Argentina by a South Korean president since former President Roh Moo-hyun visited the country in 2004. Lee, who arrived at Ezeiza International Airport late Thursday night with first lady Kim Hea Kyung, is scheduled to hold a summit with Argentine President Javier July 31, 2026