• Korean navy searches for missing sailor near NLL in East Sea SEOUL, July 12 (AJP) -South Korea's Navy is searching for a missing sailor who disappeared while serving aboard a frigate conducting a patrol mission near the Northern Limit Line (NLL) in the East Sea, military officials said Sunday.
• China, North Korea celebrate 65th anniversary of mutual defense treaty SEOUL, July 12 (AJP) -China and North Korea pledged to deepen strategic coordination and expand practical cooperation as the two countries marked the 65th anniversary of their mutual defense treaty, according to China's state-run Xinhua News Agency.
• Seoul mulls nationwide sick pay program in H1 2027 SEOUL, July 12 (AJP) - South Korea plans to roll out a nationwide sick pay program in the second half of next year, extending income support to all eligible workers who are unable to work because of illness or injury outside the workplace, after four years of pilot projects that paid more than 20 billion won in benefits.
• China imposes immediate ban on helium exports amid supply concerns SEOUL, July 11 (AJP) - China has temporarily banned helium exports with immediate effect, tightening control over a key material used in semiconductor, display and other advanced manufacturing industries. The Ministry of Commerce and the General Administration of Customs announced the measure on Friday, saying it was imposed under provisions of China’s Foreign Trade Law. The two agencies did not disclose
• North Korea says denuclearization should apply to U.S., allies before Pyongyang SEOUL, July 11 (AJP) - North Korea on Saturday rejected renewed calls for the denuclearization of the Korean Peninsula, arguing that the concept should instead be applied first to the United States, its Asian allies and NATO members. In a statement carried by the state-run Korean Central News Agency, a spokesperson for North Korea's Foreign Ministry said calls by South Korea, the United States and Japan for Py
• SK hynix ADRs jump 13% in Nasdaq debut as CEO vows AI leadership SEOUL, July 11 (AJP) - SK hynix made a strong debut on the Nasdaq on Thursday, with its American depositary receipts closing more than 13 percent above their offering price on the first day of trading. The South Korean chipmaker’s ADRs opened at $170 on the Nasdaq, after being priced at $149. They rose as high as $177 during intraday trading before giving back some gains to close at $168.49, up about 13

AJP Briefing

• SK hynix's record Nasdaq debut lifts everything in Seoul except SK hynix SEOUL, July 10 (AJP) - South Korean stocks surged on Friday after SK hynix priced the largest United States listing ever by a foreign company, but the company that supplied the spark closed lower while the rest of the market rallied around it. The main index in Seoul added 184.03 points to 7,475.94, up 2.5 percent. The close understates the session. The KOSPI jumped more than 5 percent past the 7,700 line at midday, forcing the Korea Exchange to halt program buy orders for the 34th sidecar of
• Samsung SDI cells win two-thirds of Korea's first AI-powered grid ESS project SEOUL, July 10 (AJP) - Batteries made by Samsung SDI have been selected for the majority of South Korea's first government-backed program to build artificial-intelligence-powered energy storage systems along regional distribution lines. Six of the nine operators chosen for the Ministry of Climate, Energy and Environment's 2026 AI-based ESS deployment project will use Samsung SDI cells, industry sources said Friday. One operator opted for LG Energy Solution cells and two turned to SK On.
• Korea, Mongolia expand cooperation in critical minerals, AI, finance SEOUL, July 10 (AJP) - South Korea and Mongolia agreed to expand cooperation in critical minerals, artificial intelligence, renewable energy and healthcare, while strengthening ties in central banking and trade finance. Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol held separate meetings Thursday with Mongolian First Deputy Prime Minister and Economy and Development Minister Jadamba Enkhbayar and Finance Minister Zagdjav Mendsaikhan during President Lee Jae Myung&rsquo
• Lee's approval rating edges down to 53% SEOUL, July 10 (AJP) - President Lee Jae Myung's approval rating edged down slightly this week after a brief rebound last week. In a survey of more than 1,000 adults nationwide conducted by pollster Gallup Korea earlier this week, 53 percent of respondents gave a positive rating to Lee's job performance, down 1 percentage point from a week earlier. But his disapproval rating also fell 1 percentage point to 35 percent, with 12 percent undecided. Among those who approved of Lee, the mos

ASIA Insight

• Türkiye's NATO moment arrives, but the price of trust remains unpaid SEOUL, July 09 (AJP) - For years, Türkiye occupied an uncomfortable place inside NATO: too important to expel, too difficult to embrace. It was the ally that bought a Russian air defense system over Washington’s objections. The country that refused to join Western sanctions against Moscow after Russia’s full-scale invasion of Ukraine. The state that could sell drones to Kyiv while keeping open channels to the Kremlin. The government whose president, Recep Tayyip Erdogan, jaile by Lee Jung-woo
• The missing ingredient in Korea's AI cake: a foundation model SEOUL, July 08 (AJP) - "Seize this opportunity," Nvidia CEO Jensen Huang exclaimed during his visit to South Korea last month, calling the country one of the few capable of owning the entire AI stack — from energy and memory to data-center infrastructure, AI models and applications. Huang may have overrated Korea. By almost every measure, South Korea is among the world's most enthusiastic adopters of artificial intelligence. Yet one crucial ingredient remains missing: a hom by Kim Dong-young

AJP Watch

• Teen's killing tests South Korea's family exemption law SEOUL, July 10 (AJP) - A serving police officer destroyed evidence in his own son's murder case, and under South Korean law he cannot be prosecuted for it. That fact, uncovered during the investigation into the killing of a high school girl in the southern city of Gwangju in May, has pushed South Korea into a national debate over a decades-old provision of its Criminal Act that shields relatives from punishment when they hide offenders or destroy evidence on their behalf. Prosecutors say J
• Koreans don't fight summer. They accessorize it SEOUL, July 9 (AJP) — When Europe melts, people flock to rivers, lakes and public fountains. When South Korea swelters, shoppers head to Olive Young and Daiso. To withstand increasingly early, longer and more punishing summers, Europeans seek out whatever water they can find. Koreans, long accustomed to humid East Asian heat, have developed another survival strategy: buying a growing arsenal of cooling products that seems to evolve every summer. Cooling patches. Frozen neck wraps. Sun po

AJP Focus

• South Korea joins the world's new era of extreme summer SEOUL, July 12 (AJP) — South Korea has officially entered what meteorologists increasingly describe as the era of extreme summer, with authorities activating the country's highest-ever heat alert for the first time as scorching temperatures spread well beyond their traditional hotspots. The Korea Meteorological Administration on Sunday issued its inaugural Heat Wave Emergency Warning for Pohang and Gyeongsan after apparent temperatures were forecast to exceed 38 degrees Celsius follo
• Korea's rate hike to 2.75% in July seen unanimous in AJP poll SEOUL, July 10 (AJP) - The Bank of Korea is expected to resume monetary tightening next week with its first interest-rate increase in three and a half years, according to an AJP survey of economists, with an overwhelming majority also expecting another rate hike before the end of the year. All 10 economists surveyed by AJP forecast the Monetary Policy Board will raise the benchmark interest rate by 25 basis points to 2.75 percent from 2.50 percent at its July 16 meeting, marking the central ban