SEOUL, April 17 (AJP) - The Trump administration, together with Congress, is ramping up pressure on Chinese artificial intelligence firm DeepSeek, tightening sanctions amid growing worries over national security threats. On Thursday, the House Select Committee on Strategic Competition between the United States and the Chinese Communist Party released a report describing DeepSeek as a “profound threat” to American interests. While the company presents itself as a standard

SEOUL, April 17 (AJP) - A South Korean consortium has successfully secured a contract to export research reactor technology to the United States. A research reactor is mainly used for physics experiments, radioisotope production, and training students and engineers on how a reactor is built and operated. South Korea's Ministry of Science and ICT announced on Thursday that a consortium consisting of the Korea Atomic Energy Research Institute (KAERI), Hyundai Engineering, and U.S.

SEOUL, April 17 (AJP) - The Bank of Korea left its benchmark interest rate unchanged at 2.75 percent on Thursday, choosing caution in the face of mounting global uncertainty, despite signs of faltering domestic growth. The decision comes as central banks around the world grapple with intensifying economic turbulence, fueled in part by an escalation in global trade tensions. The U.S. Federal Reserve earlier this week signaled a pause in its easing cycle, underscoring the fragile i

SEOUL, April 17 (AJP) - A recent column published by the Center for Strategic and International Studies suggest that South Korean companies Hanwha Ocean and HD Hyundai Heavy Industries should play a central role in revitalizing the United States' declining shipbuilding industry. The column, authored by Park Jin-ho, a policy advisor to South Korea’s Ministry of National Defense, urges the U.S. to pursue formal partnerships with its longtime ally, citing the collapse of do

SEOUL, April 17 (AJP) - South Korea’s antitrust regulator has issued warnings to several prominent wedding planning firms for engaging in false and misleading advertising. The Fair Trade Commission (FTC) disciplined three companies — IniWedding, Weddingbook, and Wedding Crowd — for promotional claims that regulators said were unsubstantiated and potentially deceptive. The firms advertised themselves as the “largest in Korea,” “industry leader,&

Editor's Note: This article is the 14th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, April 17 (AJP) - Once a modest search engine born out of a Samsung SDS skunkworks project in the late 1990s, Naver Corp. has reimagined itself as South Korea's digital juggernaut. Now, the tech conglomerate is placing an ambitious bet on artificial intelligenc

SEOUL, April 16 (AJP) - South Korea will dispatch a high-level economic and trade delegation, led by Deputy Prime Minister and Finance Minister Choi Sang-mok, to Washington next week in a bid to avert the impact of sweeping U.S. tariffs. Choi is expected to meet with U.S. Treasury Secretary Scott Bessent on the sidelines of the G20 finance ministers' meeting in Washington. Separately, South Korea’s Industry Minister Ahn Duk-geun is scheduled to hold talks with U.S. Trad

SEOUL, April 16 (AJP) - Hyundai Mobis, a key affiliate of Hyundai Motor Group, said Wednesday that it will unveil a suite of technologies tailored for the Chinese market at next week’s Auto Shanghai 2025. The company plans to establish a 300-square-meter private booth at the National Exhibition and Convention Center in Shanghai, one of China’s premier automotive trade fairs. The event, opening April 23, is expected to draw major global automakers and suppliers eager to c

SEOUL, April 16 (AJP) - South Korea held the "2025 Korea-Japan Partnership Plus Week" event on Tuesday at the Prince Park Tower Hotel in Tokyo to commemorate six decades of diplomatic relations. The event, jointly organized by the Korea Trade-Investment Promotion Agency (KOTRA) and South Korea’s Ministry of Trade, Industry and Energy, brought together government officials, industry leaders and business executives for a day of high-level talks and investment pledges