Latest
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PHOTOS: South Korean Navy launches new high-speed patrol vessels
SEOUL, December 09 (AJP) -The Republic of Korea Navy and the Defense Acquisition Program Administration (DAPA) held an integrated launching ceremony on December 8, 2025, for four new high-speed patrol vessels (Patrol Killer Medium, Rocket – PKMR Batch-II). These vessels, named Chamsuri-231, 232, 233, and 235, represent a significant upgrade to South Korea's naval capabilities, designed to bolster coastal defense and rapidly respond to maritime threats.
December 9, 2025
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Asian markets remain reserved in FOMC week
SEOUL, December 09 (AJP) - Asian equity markets remained cautious ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting this week, with investors bracing for any signal that may accompany the widely expected interest-rate cut. Despite Seoul’s show of resolve — underscored most recently by a rare meeting between the prime minister and the Bank of Korea governor — the dollar ended its brief decline and turned upward, gaining 1.4 won to 1
December 9, 2025
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Latest song by SM founder's rookie girl band makes US radio chart
SEOUL, December 9 (AJP) -Multinational girl band A20 MAY's latest song has been included in this week's top 40 chart compiled by U.S. Mediabase. Their song "PAPARAZZI ARRIVE" reached No. 39 on the chart released on Sunday, which is calculated based on the most played songs on radio stations in North America. The quintet with Mandarin-speaking and Chinese-American members, groomed by Lee Soo-man, the founder of SM Entertainment who later left his namesake com
December 9, 2025
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South Korea's MegazoneCloud expands US push amid AI, cloud services boom
SEOUL, December 09 (AJP) - South Korea’s MegazoneCloud is accelerating its expansion in the United States, targeting $300 million in revenue next year as demand for artificial intelligence and cloud migration continues to rise. The company said it will deepen cooperation with Amazon Web Services (AWS) and expand its U.S. workforce and sales network to drive growth. U.S. revenue stood at $29 million last year. The expansion plan was unveiled at the annual AWS re:Invent c
December 9, 2025
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South Korean PM meets BOK chief amid KRW concerns
SEOUL, December 09 (AJP) - South Korean Prime Minister Kim Min-seok and Bank of Korea Governor Rhee Chang-yong held an unusual closed-door meeting early Tuesday, signaling the government’s reinforced determination to arrest the prolonged weakness of the Korean won that is rippling through every corner of Asia’s fourth-largest economy — from inflation and purchasing power to investment sentiment and long-term growth potential. The meeting, held at the government
December 9, 2025
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K-leggings stretch across Asia as XEXYMIX, Andar accelerate regional expansion
SEOUL, December 09 (AJP) - South Korean athleisure brands known for form-fitting designs tailored to Asian body types are gaining strong traction across Southeast Asia, riding the broader “K-everything” wave sweeping the region. XEXYMIX, led by Chief Executive Lee Soo-yeon, said Tuesday it recently wrapped up a three-day pop-up in Jakarta — a key step in deepening its presence in Indonesia, one of Southeast Asia’s fastest-growing fitness and wellness market
December 9, 2025
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Ssangyong E&C secures hospital construction project in Singapore
SEOUL, December 09 (AJP) - South Korea's Ssangyong Engineering & Construction has secured a major hospital construction contract from Singapore’s Ministry of Health. The company said on Tuesday it won a contract worth $580 million to build the outpatient building at Alexandria Hospital, as part of a joint venture in which it holds a 40 percent stake alongside Japan’s Shimizu and Singapore’s Kimly. The project includes a three-level basement and a 12-
December 9, 2025
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Lee to visit Japanese PM's hometown next month
SEOUL, December 9 (AJP) - President Lee Jae Myung is planning a visit to Japan's historic city of Nara next month for a summit with Japanese Prime Minister Sanae Takaichi. Nara, the ancient capital during the island country's early imperial era, is Takaichi's hometown. As part of shuttle diplomacy to strengthen bilateral ties, Lee previously said he had expressed his desire to visit Nara during a meeting with her in late October on the sidelines of the Asia-Pacific
December 9, 2025
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South Korea weighs stockpiling as copper prices break records
SEOUL, December 09 (AJP) - Copper prices have surged to record highs as supply disruptions and rising demand from emerging technologies tighten the global market. The South Korean government plans to secure a 60-day stockpile of key minerals by next year. Lawmaker An Do-geol of the Democratic Party has called for an additional 39,000 tons of copper reserves over the next five years to support expanding power grids and data center infrastructure. According to the London Meta
December 9, 2025
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All 12 CubeSats aboard Nuri rocket establish communication with ground stations
SEOUL, December 09 (AJP) - All 12 CubeSats launched aboard South Korea’s fourth Nuri rocket mission have successfully established communication with ground stations, confirming the full success of the launch, the Korea Aerospace Research Institute said on Monday. Previously unresponsive satellites — including EEE Tester-1 developed by the Korea Aerospace Research Institute, SpaceInTech’s B-1000 and Quaternion’s PERSAT — have now made contact. The
December 9, 2025