OPINION: How Trump's presidency might change global economy

SEOUL, November 7 (AJP) - Donald Trump's victory in the 2024 election – and his threat to impose tariffs on all imports to the United States – highlights an important problem for the global economy. The U.S. is a technological powerhouse, spending more than any other country on research and development and winning more Nobel prizes in the last five years than every other country combined. Its inventions and economic successes are the envy of the globe. But the rest o

November 7, 2024

South Korea braces for trade headwinds as Trump returns to power

SEOUL, November 6 (AJP) - With his strong protectionist and America-first policies, Donald Trump’s likely return to the U.S. presidency is expected to exert mounting pressure on South Korea's export-driven economy. The former president has floated the idea of universal tariffs of 10 to 20 percent on goods from all other countries, and a 60 percent punitive tariff on Chinese imports. Former Commerce Secretary Wilbur Ross has recently warned his policies could be “cata

November 6, 2024

What does Trump's return to White House mean for South Korea?

SEOUL, November 6 (AJP) - Former President and Republican candidate Donald Trump is making a return to the presidency in a surprising fashion as he achieved an electoral college majority by securing sweeping victories in key battleground states such as Georgia, North Carolina, and Pennsylvania, defeating his Democratic rival and Vice President Kamala Harris. "It's a political victory that our country has never seen before, nothing like this. I want to thank the American peo

November 6, 2024

VISUALS: Seoul's blind ritual chanting preserved through generations

SEOUL, November 6 (AJP) - A rare performance of Seoul Blind Chanting, an ancient Korean ceremony recognized as part of Seoul's cultural heritage, took place Tuesday at Miari Pass Art Theater in Seoul on Wednesday. The ritual, which dates back to the Joseon dynasty (1392- 1910), held a unique status as one of the few religious ceremonies permitted within Seoul's city walls during an era when most other rituals were prohibited. The traditional practice, featuring chanters reciting an

November 6, 2024

PHOTOS: Cafe industry show opens in Seoul

SEOUL, November 6 (AJP) - Cafe Show Seoul, a major coffee and food service exhibition, opened Wednesday at COEX convention center in Seoul, bringing together industry professionals and vendors showcasing products. The four-day trade show, features exhibits of coffee, tea, bakery products, desserts and ice cream. The show is jointly organized by the-cup, a digital platform specializing in cafe management resources, and exhibition planner Exporum.

November 6, 2024

UN Security Council condemns North Korea's latest missile launches

SEOUL, November 6 (AJP) - The member countries of the United Nations Security Council once again condemned North Korea's recent missile launches and other provocations. The North's recent launch of an intercontinental ballistic missile (ICBM), capable of reaching the U.S. mainland, "in addition to the more than 100 ballistic missile launches since 2022 to date, is a clear violation of multiple UN Security Council resolutions, jeopardizes international peace and security

November 6, 2024

Financial watchdog suspends Korea Zinc's rights offering

SEOUL, November 6 (AJP) - Korea's financial watchdog on Wednesday blocked Korea Zinc’s rights offering plan amid a battle over control of the world’s largest zinc smelter. The company announced on Oct. 30 it will issue new shares worth 2.5 trillion won ($1.81 billion), apparently to fend off a takeover bid from its largest shareholder, Young Poong, and MBK Partners. The Financial Supervisory Service (FSS) ordered Korea Zinc to correct its securities report submitt

November 6, 2024

First Korean-American elected to US Senate

SEOUL, November 6 (AJP) - Korean-American congressman Andy Kim was elected to the U.S. Senate on Tuesday. The 42-year-old Democrat defeated his Republican rival Curtis Bashaw to secure a Senate seat for New Jersey, becoming the first ever Korean-American to serve in the upper house. The three-term congressman's victory comes after the fallout from a corruption scandal involving former New Jersey Senator Robert Menendez who resigned after being convicted of taking bribes. &

November 6, 2024

UAE hosts largest-ever world Jiu-Jitsu Championship

SEOUL, November 06 (AJP) - Abu Dhabi is hosting a record-breaking Abu Dhabi World Professional Jiu-Jitsu Championship, with over 9,000 athletes from 137 countries competing from Nov. 6 to 16 at the Mubadala Arena in Zayed Sports City. Under the patronage of Abu Dhabi Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, this 16th edition underscores the UAE capital's growing status as a global jiu-jitsu hub, a notable expansion from the first championship, which had only 2

November 6, 2024

Shenzhou-18 mission returns samples for extraterrestrial research  

SEOUL, November 6 (AJP) - Shenzhou-18 returned to Earth with 34.6 kilograms of experimental samples, including microorganisms, alloys, and nanomaterials on Monday. These samples are expected to help develop space fiber lasers, create extraterrestrial materials, and explore the potential for life to spread through space. The return capsule, which carried three Chinese taikonauts, landed early Monday after completing a six-month space station mission. The spacecraft brought back 55

November 6, 2024