• Nvidia CEO throws first pitch at baseball game before another 'Kkanbu' gathering SEOUL, June 7 (AJP) - Nvidia's CEO Jensen Huang threw a ceremonial first pitch at a baseball game in Seoul on Sunday as part of his high-profile visit to South Korea, which also included meetings with top business leaders and tech experts. Huang, who has been busy with a packed schedule since arriving in Seoul last Friday, appeared at Jamsil Stadium in southern Seoul.
• Kim Jong-un inspects sea trial of destroyer ahead of Xi visit SEOUL, June 06 (AJP) - North Korean leader Kim Jong-un inspected a sea trial of the Kang Kon, a new 5,000-ton destroyer that was once damaged during a ceremony, and called for strengthening naval forces as part of the country’s nuclear war deterrent, state media reported Saturday. The Korean Central News Agency said Kim visited the destroyer on Thursday as it began operational tests and observed its nav
• Seoul, Ottawa hold joint naval drills off Canadian coast SEOUL, June 06 (AJP) - The South Korean and Canadian navies conducted joint maritime drills off Canada’s western coast from June 3 to 4, involving submarines, warships, and maritime aircraft from both countries, the South Korean Navy said Saturday. The exercises involved the South Korean Navy’s 3,000-ton Dosan Ahn Chang-ho submarine, the 3,100-ton frigate Daejeon and an AW-159 maritime helicopter.
• Korea Maritime and Ocean University opens guesthouse for BTS concertgoers in Busan SEOUL, June 06 (AJP) - Korea Maritime and Ocean University will open part of its campus guesthouse to visitors traveling to Busan for BTS’ upcoming concerts, joining the city’s campaign to provide fair and affordable accommodation during major events. The university said Saturday it will participate in Busan Metropolitan City’s “Fair Accommodation Challenge” ahead of BTS World To
• Lee calls for honoring sacrifice, punishing betrayal in Memorial Day speech SEOUL, June 06 (AJP) - President Lee Jae Myung said that South Korea must honor those who sacrificed for the nation while holding accountable those who betrayed it, speaking at the Memorial Day ceremony on Saturday. During the 71st Memorial Day ceremony at Seoul National Cemetery, Lee said the country has a responsibility not only to honor those who defended it, but also to punish those who betrayed the commu
• Jensen Huang swaps AI chips for K-pop moves on Korean TV show SEOUL, June 06 (AJP) - Nvidia CEO Jensen Huang was spotted dancing during a taping of tvN’s popular talk show “You Quiz on the Block,” drawing playful reactions from Korean fans online. On Saturday, the show’s official social media account released photos from the filming, along with a witty caption that read, “The third-round karaoke session we missed yesterday has come to You Q

AJP Briefing

• Former Naver CEO tapped as next PM SEOUL, June 7 (AJP) - Minister of SMEs and Startups Han Seong-sook was tapped to become the next prime minister, replacing incumbent Prime Minister Kim Min-seok, Cheong Wa Dae said on Sunday. At a press briefing in Seoul, presidential chief of staff Kang Hoon-sik said President Lee Jae Myung has nominated Han as the next prime minister. Referring to the outgoing prime minister, Kang also thanked Kim for his service and said the government's policy achievements were largely due to his work
• Six-term DP lawmaker Cho Jeong-sik elected National Assembly speaker SEOUL, June 5 (AJP) - Cho Jeong-sik, a six-term lawmaker of the ruling Democratic Party (DP), was elected on Friday as National Assembly speaker for the second half of the year. Cho won 267 of 276 votes cast during a parliamentary plenary session to assume the independent and impartial role. It follows his selection as the DP's candidate for the role after winning a majority in an internal party vote on May 13. His two-year term as speaker will run through May 2028. The veteran lawmaker
• Hyundai Chair to skip Huang's Seoul 'samso' dinner, plans separate meeting SEOUL, June 05 (AJP) - Hyundai Motor Group Chairman Chung Eui-sun will not attend a dinner with Nvidia CEO Jensen Huang and other Korean conglomerate heads held Friday, opting instead for a separate encounter with the chip leader next week, industry sources said. Chung withdrew from the so-called "samso" gathering — named for the samgyeopsal grilled pork belly and soju on the menu — citing a scheduling conflict, the sources said. The dinner, at a restaurant near Hongdae in

ASIA Insight

• ASIA DEEP INSIGHT: US Defense Chief speech in Singapore brings tough choices for Seoul The world is changing fast, and the recent defense meeting in Singapore proved it. United States Defense Secretary Pete Hegseth spoke at the Shangri-La Dialogue, and his words carry a heavy message. For South Korea, sitting right between major global powers, his speech is a loud wake up call. The days of relying on a system where America promises to protect everyone without asking for much in return are officially over. Washington wants friends to pay more and do much more on their own. This new by Park Sae-jin
• Expanded World Cup brings new chances for Asia as South Korea looks beyond 11th straight berth SEOUL, June 1 (AJP) - This year's World Cup, now just over a week away, will be remembered as special for several reasons. It will be the first hosted by three countries in the quadrennial football extravaganza's history, spread across vast distances in North America and, most notably, the first to expand from 32 to 48 teams. For Asia, the number itself matters almost as much as the tournament. What once felt like a narrow gate to the sport's grandest stage has widened significantly by Lee Hugh

AJP Watch

• Financial watchdogs step up warnings as won slides despite verbal interventions SEOUL, June 7 (AJP) - Financial authorities on Sunday issued their strongest warning yet over speculative trading and other suspicious activity, as the South Korean won's sharp decline pushed the won-dollar rate above 1,560. They vowed to step up inspections and scrutiny of illegal foreign exchange transactions by importers and exporters at an emergency meeting convened by Finance and Economy Minister Koo Yun-cheol, which was attended by key financial chiefs including Bank of Korea governor
• Won weakens further as KOSPI drops over 6% SEOUL, June 5 (AJP) - The South Korean won continued weakening on Friday, with the exchange rate climbing to 1,542 per dollar around noon, from the previous session's close of 1,529.70. The decline came less than a day after the exchange rate weakened past 1,540 won during extended trading, marking its highest intraday level since the global financial crisis. It appears to be largely due to a sharp sell-off in South Korean stocks. The country's benchmark KOSPI tumbled more than 6 perce
• Hawkish signals fail to curb won's slide SEOUL, June 4 (AJP) - Although the Bank of Korea (BOK) has effectively pivoted back toward monetary tightening, the won-dollar exchange rate is instead plunging to its weakest level since the global financial crisis. Downward pressure on the Korean won is intensifying as investors question how much domestic monetary policy can do on its own. A stronger greenback, surging oil prices and synchronized tightening fears among major central banks are adding to the strain. In the Seoul foreign exchan

AJP Focus

• South Korea sees record drug tests as narcotics use rises among young people SEOUL, June 5 (AJP) - The number of drug tests is rising as synthetic drugs spread among teenagers and cases of fatal mixed-drug use increase. According to a report released by the National Forensic Service (NFS) earlier this week, the number of drug tests conducted reached 140,775 last year, the highest on record. Drug-related busts and the amount of narcotics seized have both risen steadily year after year. The Korea Customs Service (KCS) seized 769 kilograms of drugs in 704 cases in 2023, 7
• Nvidia CEO's Seoul trip signals shift from chip buyer to physical-AI partner SEOUL, June 5 (AJP) - When Nvidia's CEO Jensen Huang stepped off his plane at Gimpo International Airport on Friday and made an esports cafe his first stop, the image was familiar: the chip merchant returning to the gaming culture that built him. The substance of this visit, however, points somewhere far off. This trip is less about who buys Nvidia's graphics cards than about who can help the company teach machines to act in the physical world. South Korea, a manufacturing power with ch