Korea's May consumer sentiment sharply rebounds on strong exports and equities SEOUL, May 22 (AJP) -South Korea’s consumer sentiment rebounded sharply in May, returning to optimistic territory after briefly slipping below the long-term average a month earlier, as robust exports and a record-setting stock rally outweighed concerns over prolonged Middle East tensions and rising energy prices, central bank data showed Friday. Sentiment about current economic conditions and future prospects improved even as inflation expectations hovered near 3 percent, re May 22, 2026

Seoul hopes for China's 'constructive role' amid Xi's possible visit to Pyongyang SEOUL, May 21 (AJP) - South Korea hopes that any possible visit to North Korea by Chinese President Xi Jinping would contribute to peace and stability on the Korean Peninsula, Cheong Wa Dae said on Thursday. "We expect China to play a constructive role on Korean Peninsula issues," it said, adding that the government has been "monitoring relevant developments." The remarks came after Xi is reportedly set to visit to Pyongyang as early as next week, after ho May 21, 2026

Korea's Lee ratchets up rhetoric on Israel, labor unrest and corporate ethics SEOUL, May 20 (AJP) -South Korean President Lee Jae Myung delivered an unusually combative series of remarks Wednesday, lashing out at Israel over its seizure of aid vessels carrying South Korean activists, warning Samsung Electronics labor unions not to “cross the line” ahead of a major strike, and condemning fashion platform Musinsa for what he called the mockery of South Korea’s democracy movement in a controversial advertisement. The remarks, made during a Ca May 20, 2026

S. Korea tanker exits Strait of Hormuz after talks with Iran amid regional conflict SEOUL, May 20 (AJP) - The first South Korean-operated oil tanker stranded inside the Strait of Hormuz since the outbreak of war between the United States and Iran in late February safely exited the strategic waterway Wednesday following negotiations between Seoul and Tehran, the foreign ministry said. The vessel, operated by HMM, was passing through the Strait of Hormuz on Wednesday afternoon under coordination with Iranian authorities, according to the ministry. Foreign Minister May 20, 2026

AJP Election Watch: Heavyweight match in Daegu, Kim Boo-kyum vs Choo Kyung-ho SEOUL, May 20 (AJP) -Daegu, a traditional conservative stronghold, remains one of the rare constituencies on South Korea’s electoral map still firmly painted red — the color of the main opposition People Power Party (PPP). In the 2022 presidential election, former President Yoon Suk Yeol captured 75.14 percent of the vote in the southeastern city. A decade earlier, former conservative President Park Geun-hye had also dominated the region. The city did not abandon cons May 20, 2026

AJP Review: A guide to international taxation in AI age SEOUL, May 20 (AJP) -The world of international taxation has never been simple. But in the age of artificial intelligence and digital commerce, it has become extraordinarily complex. As multinational corporations move capital, data, and services across borders at unprecedented speed, governments around the world are entering an increasingly sophisticated struggle to defend their tax sovereignty. International cooperation aimed at preventing tax avoidance has tightened dramaticall May 20, 2026

Lee, Takaichi agree to deepen energy, supply chain cooperation SEOUL, May 19 (AJP) - South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi agreed on Tuesday to expand cooperation on energy security and supply chains amid the prolonged conflict in the Middle East. After a summit at Lee's hometown of Andong, a historic city in southern South Korea, the two leaders shared the view that Seoul and Tokyo need to work more closely together as global supply chains and energy markets face growing uncertainty. "We ag May 19, 2026

Seoul ups financial scrutiny on leverage ETFs amid frenzy SEOUL, May 19 (AJP) -South Korea's Financial Supervisory Service (FSS) has unveiled a sweeping set of preemptive consumer protection measures targeting leverage exchange-traded funds, social media investment influencers, and corporate insurance agencies, as domestic stock market volatility continues to climb. FSS Governor Lee Chan-jin chaired the second Consumer Risk Response Committee meeting at the agency's Seoul headquarters on Tuesday, where attendees reviewed emergi May 19, 2026

Korea's household debt tips over $1.3 trillion Q1 SEOUL, May 19 (AJP) - South Korea’s household debt climbed to the brink of the symbolic 2,000 trillion won ($1.33 trillion) threshold as of March as tighter bank regulations failed to stop a fresh wave of housing-related borrowing that increasingly migrated to non-bank lenders. Outstanding household credit reached 1,993.1 trillion won at the end of March, up 14 trillion won, or 0.7 percent, from the previous quarter, according to preliminary data released by the Bank of Kore May 19, 2026

Lee brings heritage-inspired gifts for Japanese PM to Andong summit SEOUL, May 19 (AJP) - President Lee Jae-myung is set to meet Japanese Prime Minister Sanae Takaichi at a summit in Andong, North Gyeongsang Province on Tuesday. Lee has prepared locally themed gifts for Takaichi, according to Cheong Wa Dae. Among them is a framed set of wood carvings depicting nine types of traditional folk masks, a well-known symbol of Andong, home to Hahoe Village, one of the country's most notable living repositories of Joseon-era heritage. The item was c May 19, 2026