IFA chief expects Samsung and LG appliance subscription services to spread across Europe

SEOUL, June 27 (AJP) - Home appliance subscription services offered by Samsung Electronics and LG Electronics represent a win-win solution for both consumers and companies that will likely expand to European markets including Germany, according to the head of the Internationale Funkausstellung Berlin (IFA), a major consumer electronics show, on Thursday. Leif Lindner, CEO of IFA, told reporters at a press briefing in Seoul's COEX that subscription models reduce upfront costs f

June 27, 2025

Concerns grow in Seoul as Washington signals push to raise defense spending from Asian allies

SEOUL, June 27 (AJP) - Speculation has been growing that the U.S. could pressure South Korea and other Asian countries to shoulder a greater share of security costs, after NATO allies agreed earlier this week in the Hague, the Netherlands, to spend 5 percent of their gross domestic product (GDP) on defense. Amid these developments, a White House spokesperson was quick to say on Thursday that if European allies can increase their defense spending, Asian allies can do the same. &qu

June 27, 2025

S. Korea starts dismantling of Kori-1 nuclear reactor after final green light

SEOUL, June 27 (AJP) - South Korea has begun dismantling its first commercial nuclear reactor, Kori-1, following final approval from the Nuclear Safety and Security Commission on Thursday. The project, led by Korea Hydro & Nuclear Power (KHNP), is expected to span 12 years, ending with full site restoration by 2037. Kori-1, located in Gijang County, Busan some 320 kilometers (198 miles) southeast of Seoul, was a 595-megawatt pressurized water reactor built by Westinghouse. It

June 27, 2025

Kim Jong-un's wife surfaces for first time in about 18 months

SEOUL, June 26 (AJP) - North Korean leader Kim Jong-un's wife appeared at an event for the grand opening of a coastal tourist zone, state media reported on Thursday. According to the North's state-run Korean Central News Agency (KCNA), Kim attended a ceremony on Tuesday marking the completion of the Wonsan and Kalma tourist zone in Kangwon Province, one of his pet projects, as he apparently aims to boost the country's tourism industry as a source of hard currency for hi

June 26, 2025

PHOTOS: Centuries-old stele earns National Treasure status

SEOUL, June 26 (AJP) - A remarkable stele from the ancient Silla Dynasty, which chronicles the construction of an embankment and a pond designed to mitigate natural disasters, was designated a National Treasure on June 20. The ancient stone in Yeongcheon, North Gyeongsang Province, stands beside a reservoir known as Cheongmot, a body of water that has been in continuous use since its creation during the Silla period, more than a millennium ago. Carved on both sides of a single,

June 26, 2025

Top security adviser attends NATO summit on behalf of Lee

SEOUL, June 26 (AJP) - National Security Adviser Wi Sung-lac met with a slew of heads of state and government officials on the sidelines of the NATO summit which kicked off in the Hague, the Netherlands early this week. Wi, who is attending the two-day summit on behalf of South Korean President Lee Jae-myung, held a series of talks with key figures and participants including NATO Secretary-General Mark Rutte and U.S. Secretary of State Mark Rubio. According to the presidential of

June 26, 2025

Seoul logistics pipeline shrinks amid cautious market sentiment

SEOUL, June 26 (AJP) - South Korea’s logistics market is pulling back. After years of rapid expansion, the Seoul metropolitan area is now seeing a marked slowdown in new warehouse development, as rising costs, limited access to project financing, and a shifting demand landscape prompt developers to reassess their strategies. According to the 2025 Korea Logistics Market Report from Cushman & Wakefield Korea, about 3.92 million square meters of logistics space were complet

June 26, 2025

Shinsegae launches flagship Chicor beauty store in Seoul's Gangnam

SEOUL, June 26 (AJP) - Shinsegae Department Store debuted its revamped beauty concept store Chicor in the heart of Seoul’s Gangnam district on Thursday, seeking to redefine luxury beauty shopping through high-tech personalization and curated brand offerings. The new flagship is the first in what the company says will be a wider expansion of the Chicor brand, positioning it as a specialized destination for both global luxury and trending Korean beauty products. Touting wha

June 26, 2025

Hyundai, Kia exports to US plunge as Trump tariffs take toll

SEOUL, June 26 (AJP) - Exports of Hyundai Motor and Kia vehicles to the United States plunged 21.5 percent in May compared with the same month a year ago, as the Trump administration’s 25 percent tariff on imported automobiles begins to significantly alter trade flows. The two South Korean automakers, part of the Hyundai Motor Group, shipped 77,892 vehicles to the U.S. last month, down from 99,172 in May 2024, according to figures released Thursday by the Korea Automobile &a

June 26, 2025

INTERVIEW: Korean startups race to bring lab-grown meat to market

SEOUL, June 26 (AJP) - Donning a white lab coat and sterile shoe covers, Dominic Jeong, CEO of South Korean food-tech startup Simple Planet, leads the way through a sleek laboratory buzzing with quiet precision. He opens a chilled cabinet and carefully lifts out petri dishes filled with ivory-white clusters. “These are cultivated animal cells — cow fat and chicken muscle tissue,” Jeong told AJP. “We transform them into protein-rich powders and pastes.&rdqu

June 26, 2025