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South Korea's India–Vietnam state visit targets security, energy recalibration
SEOUL, April 19 (AJP)-South Korean President Lee Jae Myung departed Sunday for a five-night, six-day state visit to India and Vietnam, a trip that goes beyond ceremonial diplomacy to probe whether Seoul can turn its “Global South” pivot into a workable economic and strategic hedge in an increasingly fractured world. The back-to-back visits — Lee’s first to India and the first state-level engagement with Vietnam’s new leadership — come at a moment
April 19, 2026
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Korea's debt ratio to surpass advanced non-reserve peers next year, IMF warns
SEOUL, April 19 (AJP)-South Korea’s government debt burden is set to cross a key threshold next year, overtaking the average of advanced economies without reserve currencies, as fiscal expansion continues to outpace economic growth, according to the latest assessment by the International Monetary Fund. The IMF projected in its April Fiscal Monitor that Korea’s general government debt-to-GDP ratio will rise from 54.4 percent this year to 56.6 percent in 2027, exceeding
April 19, 2026
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Seoul flags supply shift as Hormuz tensions flare again after brief reopening
SEOUL, April 19 (AJP) -South Korea will push ahead with diversifying its energy supply chain as renewed instability in the Strait of Hormuz underscores persistent risks to global oil flows, even after a brief reopening of the key shipping route. The Gulf chokepoint slipped back into tension over the weekend, with Iran warning it would again restrict transit unless the United States lifts its blockade on Iranian ports, while Washington rejected the demand and signaled continued enfo
April 19, 2026
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Seoul Mayor Oh to face DPK's Chung in June mayoral race
SEOUL, April 18 (AJP) - Seoul Mayor Oh Se-hoon has been confirmed as the main opposition People Power Party’s candidate in the June 3 local elections, facing Chung Won-o of the ruling Democratic Party of Korea. The PPP’s nomination committee announced Saturday that Oh won the party’s primary, defeating Rep. Park Soo-min and former lawmaker Yoon Hee-sook. If elected, he would secure a third consecutive term since returning to office in 2021 and a fifth overall term
April 18, 2026
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AI 'hunter' sparks alarm in Korea amid regulatory vacuum
SEOUL, April 17 (AJP) — Claude Mythos, an artificial intelligence model developed by Anthropic to autonomously detect and potentially exploit critical software vulnerabilities, is another new import challenging South Korea’s lagging regulatory response to rapid technology advances. Experts in Korea are already raising concerns over the lack of legal and ethical accountability. “If such technology is misused, the developer must bear responsibility,” said
April 17, 2026
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South Korea's prosecutorial overhaul enters uncharted territory
SEOUL, April 17 (AJP) - The fall of prosecutor-turned-president Yoon Suk Yeol did not end an epic downfall for a leader, but also the institution he had once represented. The prosecution has already lost much of its once-mighty power to the police and the Corruption Investigation for High-ranking Officials, with another agency pending, leaving it a near-defunct institution. The dramatic downsizing is creating a severe bottleneck, turning what was once a sought-after post into a
April 17, 2026
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Seoul flags rising downside risks as Middle East war drags on
SEOUL, April 17 (AJP) -South Korea’s government on Friday highlighted increased "downside risks" for the economy as the prolonged Middle East conflict fuels inflationary expectation and dampens domestic sentiment. In its monthly “Green Book” report for April, the Ministry of Economy and Finance said “downside risks to the economy are increasing” due to heightened geopolitical uncertainty stemming from the war — toned up from last mo
April 17, 2026
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Korean tanker safely clears Red Sea in first Hormuz workaround
SEOUL, April 17 (AJP) -A South Korea-linked crude carrier has safely exited the Red Sea after loading oil in Saudi Arabia despite Iranian military's threat of attacks on the corridor along the Saudi coast in protest to U.S. naval blockade of Tehran ports. The Korean sea flag carrier makes the first confirmed shipment to reach Korean-bound routes via a Hormuz bypass since the Gulf conflict disrupted one of the world’s most critical energy corridors, according to the governm
April 17, 2026
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A village, a baby — and the limits of Korea's birth incentives
SEOUL, April 17 (AJP) - It takes a village to raise a child — and in Mungok-ri, a mountain-ringed hamlet in northeastern South Korea, it took a village just to welcome one. For the first time in 20 years, the community of barely 100 residents heard the cry of a newborn. Banners lined the narrow roads to celebrate Seo-yoon, the second child of Kim Hyun-dong and Chang Yoo-jin. Gifts poured in from neighbors and local groups. Even the provincial governor sent his congratulation
April 17, 2026
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South Korea holds talks with Algeria, Libya to secure alternative oil supplies
SEOUL, April 17 (AJP) - South Korea has discussed energy-related cooperation with Algeria and Libya, the Ministry of Foreign Affairs said on Friday. Park Jong-han, a ministry official, visited Algeria and Libya earlier this week to assess the possibility of securing emergency supplies of crude oil and naphtha, according to the ministry. His four-day trip, which began last Monday, was part of efforts to secure alternative supply routes that would remain unaffected by the closure o
April 17, 2026