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Hanwha Philly Shipyard takes shape as first MASGA milestone
SEOUL, July 20 (AJP) - Hanwha Philly Shipyard, the centerpiece of the South Korea-U.S. shipbuilding partnership under MASGA (Make American Shipbuilding Great Again), is taking shape after a milestone contract from the U.S. Missile Defense Agency.
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AI boom turns chip industry into one of Korea's hottest job markets
SEOUL, July 20 (AJP) -The AI chip boom is transforming one of South Korea's most selective industries into one of its hottest job markets, as Samsung Electronics and SK hynix sharply expand hiring for new graduates to support an unprecedented wave of semiconductor investment.
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Samsung Biologics to buy PolyPeptide in record $2 billion deal
SEOUL, July 20 (AJP) - Samsung Biologics announced it has agreed to acquire Switzerland's PolyPeptide Group, a specialist maker of peptide drugs, for about 2.7 trillion won ($1.81 billion), the biggest merger-and-acquisition deal in South Korea's pharmaceutical and biotech industry.
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Prolonged US-Iran war may boost Korean missile defense exports: report
SEOUL, July 20 (AJP) - A prolonged war between the United States and Iran could create fresh export opportunities for South Korea’s missile defense systems, as Gulf countries face shrinking interceptor stockpiles and sustained Iranian missile attacks, a South Korean brokerage said Monday.
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Reality check for Korea's Lee and Japan's Takaichi as their honeymoons end
SEOUL, July 20 (AJP) - The chemistry between South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi appeared immediate, culminating in an impromptu drumming performance during their January summit in Nara. They also had much in common. Both took office as agents of change after periods of political turmoil. Both entered government with approval ratings that would be enviable in almost any mature democracy. Both benefited from weakened opposition camps and presented the
by Lee Jung-woo
Türkiye's coup resisters carry wounds, no regrets
SEOUL, July 20 (AJP) - Ten years after a faction of the Turkish military tried to seize power on the night of July 15, 2016, the civilians who poured into the streets to stop it still carry the marks of that night, in bone, in memory, and in the quiet routines of family life. Mehmet Emin Ertaş, a 47-year-old businessman, is missing the metatarsal bone in his right foot, taken by a bullet as he ran toward soldiers firing on the crowd. Elvan Alkılıç, a 36-year-old housewife, spent the nigh
Korea's Q2 GDP to slow from Q1 but on track for around 3% annual growth
SEOUL, July 20 (AJP) - South Korea's economy is expected to have expanded at a slower pace in the second quarter after a surprisingly strong start to the year, but growth is still likely to remain robust enough to keep the economy on track for around 3 percent expansion in 2026. The Bank of Korea will release its preliminary second-quarter gross domestic product data on Thursday, providing the first official gauge of whether the country's semiconductor-led export boom has continued to o
Former K-pop idols face tough job market once spotlight fades
SEOUL, July 16 (AJP) - K-pop's global rise has drawn a steady stream of young people hoping to become idols. But rising to stardom is only part of the story. When groups disband or contracts expire, many former performers must enter a job market where years of training and stage experience do not fit neatly into a conventional resume. They also face a difficult employment climate. As of February 2026, South Korea's employment rate for people aged 15 to 29 stood at 43.3 percent, down for
Korean Air says no change to domestic flights despite oil price surge
Gov't to provide additional disaster relief for flood-hit regions
