Gang Gam-chan sails with global fleet as Korea rises on Indo-Pacific Seas

VISAKHAPATNAM, INDIA, February 20 (AJP) - From the deck line to the distant horizon, the waters off Visakhapatnam shimmered with steel, color and motion on Wednesday as one of the world’s largest multinational naval formations assembled for the 2026 International Fleet Review. Flying the South Korean flag Taegeukgi high against a stiff Bay of Bengal wind, the 4,400-ton destroyer ROKS Gang Gam-chan cruis

EXCLUSIVE: Brazil looks beyond 'traditional trade' from K-beauty to AI in state visit

SEOUL, February 20 (AJP) - Brazil is looking beyond "traditional trade" through the Feb. 22–24 visit to South Korea, tapping fields from K-beauty to biosimilars, artificial intelligence and space cooperation in pursuit of "productive integration," its ambassador to Seoul said. "The main issue is reinvigorating a relationship that has evolved on just 'okay' in the past

Korean household debt hits new height as hot assets fuel leveraged investment

SEOUL, Feb 20 (AJP) - Red-hot asset markets in South Korea pushed household debt to a fresh record by the end of 2025, as investors increasingly relied on borrowing for property and stock investment, data showed Friday. According to the Bank of Korea, total household credit outstanding stood at 1,978.8 trillion won ($1.37 trillion) at the end of the fourth quarter of 2025, up 14 trillion won from the previous