Yoon's first formal hearing in impeachment trial to be held in absentia

SEOUL, January 12 (AJP) - President Yoon Suk-yeol will skip the first formal hearing of his impeachment trial scheduled for this week by the Constitutional Court of Korea. Yoon's legal representatives said on Sunday that the president cannot attend such hearings unless "issues related to safety and security" are properly handled. "The Corruption Investigation Office for High-Ranking Officials (CIO) in cooperation with police authorities continues to try to ille

January 12, 2025

Ukraine captures two wounded North Korean soldiers, Zelensky says

SEOUL, January 12 (AJP) - Ukraine has captured two wounded North Korean soldiers during an operation near Russia's border, Ukrainian President Volodymyr Zelensky said on Saturday. "Despite their injuries, the two soldiers survived and have been transported to Kyiv," Zelensky wrote in a post on X, sharing photos of their captives. Ukraine forces captured them in Russia's western Kursk region, a territory currently occupied by Ukraine. They are currently being inv

January 12, 2025

Ruling party recovers support after hitting dismal low

SEOUL, January 10 (AJP) - The ruling People Power Party (PPP) has recovered support after hitting rock bottom, following President Yoon Suk Yeol's botched martial law debacle last month. According to a survey of over 1,000 adults conducted by pollster Gallup Korea early this week and released on Friday, some 34 percent expressed support for the PPP, while around 36 percent backed the main opposition Democratic Party (DP). The PPP has narrowed the gap with the DP by about 10 p

January 10, 2025

Hyundai Motor partners with Nvidia to accelerate AI-powered mobility development

LAS VEGAS, January 10 (AJP) -- Hyundai Motor Group announced on Friday a strategic partnership with Nvidia to accelerate the development of artificial intelligence technologies for future mobility solutions. The South Korean automaker plans to leverage Nvidia's computing technology and AI enterprise software to process the vast amounts of data required for training AI models across various applications, including autonomous driving and robotics. "Hyundai Motor Group is e

January 10, 2025

[CES 2025] At CES, Korean companies embrace AI as future of business

LAS VEGAS, January 8 (AJP) - CES 2025 offered a global stage for South Korea's top conglomerates to spotlight their commitment to artificial intelligence (AI) as a cornerstone of future growth and collaboration. Representatives from Samsung, LG, SK, and LS unveiled their latest innovations, emphasizing the transformative role of AI in their strategies. Chey Tae-won, chairman of SK Group, underscored AI's growing integration into daily life, a concept he termed "phy

January 10, 2025

North Korean commemorative stamps hint at deepening ties with Russia

SEOUL, January 10 (AJP) - As North Korea has been cozying up to Moscow, a strip of commemorative stamps for Lunar New Year's Day now includes descriptions in Russian, alongside Chinese. North Korea on Friday unveiled postal stamps, slated for release on Jan. 20, featuring young North Korean athletes who participated in last year's Under-17 and Under-20 Women's World Cup events, as well as the Asian Table Tennis Championships. "It is uncertain, but such almanac st

January 10, 2025

State-owned bank under investigation for $180 million loan fraud

SEOUL, January 10 (AJP) - The Financial Supervisory Service has launched an investigation into the state-owned Industrial Bank of Korea (IBK) following allegations of illegal loan approvals totaling some 24 billion won (approximately $180 million). The probe, which began earlier this month, comes after IBK disclosed that the loans, approved between June 2022 and November 2024, involved inflated real estate collateral values and improper loan approvals at its branch in Seoul. In

January 10, 2025

US solar EVs will use LG Energy Solution's batteries

SEOUL, January 10 (AJP) - LG Energy Solution announced Friday it will supply cylindrical batteries to U.S.-based solar electric vehicle startup Aptera Motors. Under the agreement, LG Energy Solution, alongside Korean battery pack manufacturer CTNS, will provide 2170 cylindrical batteries to Aptera from 2025 to 2031. The partnership also includes collaboration on producing solar EVs. Aptera's solar EV, also named Aptera, integrates solar panels and battery packs, maximizing

January 10, 2025

Korean e-commerce giants expand beauty business

SEOUL, January 10 (AJP) - South Korea's major e-commerce platforms are intensifying their beauty sector investments, with companies launching private labels and luxury verticals while expanding their brand portfolios. The industry's shift toward beauty reflects the growing demand for K-beauty products. Coupang, the country's largest e-commerce platform, recently introduced its private brand skincare line "Elle Paris" through its subsidiary CPLB, offering 18

January 10, 2025

Presidential security chief questioned over blocking Yoon's arrest

SEOUL, January 10 (AJP) - The head of South Korea's Presidential Security Service underwent police questioning on Friday over allegations that he ordered security officials to block investigators from executing an arrest warrant for impeached President Yoon Suk Yeol. Park Chong-jun, chief of the Presidential Security Service, appeared at the National Office of Investigation (NOI) headquarters in western Seoul in the morning and expressed concern about potential clashes between g

January 10, 2025