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March 16 (Asia Today) — A bold bet by a South Korean shipping heir on ultra-large oil tankers is paying off handsomely as the war involving Iran disrupts global energy markets and drives tanker demand sharply higher.

Bloomberg reported that Sinokor Merchant Marine, a major South Korean shipping company, positioned itself to profit from the crisis after securing a large fleet of very large crude carriers (VLCCs) months before the conflict escalated.

The strategy was led by Jeong Ga-hyun, a director at Sinokor Petrochemical and the son of Sinokor Chairman Jeong Tae-soon, according to the report.

Bloomberg described the move as an unprecedented large-scale bet in the global tanker market, executed well before the outbreak of the Iran conflict.

Tankers deployed to Gulf before war

On Jan. 29, weeks before the war erupted in late February, Sinokor reportedly deployed at least six empty VLCCs to the Persian Gulf, positioning them to wait for cargo.

After disruptions in the Strait of Hormuz pushed tanker demand and charter rates sharply higher, the strategy began generating massive returns.

The Strait of Hormuz is one of the world’s most critical energy chokepoints, handling roughly 20% of global oil shipments.

Tanker rates surge to $500,000 a day

With oil exports disrupted and storage facilities across the Middle East filling rapidly, oil producers have increasingly turned to tankers as floating storage units.

According to Bloomberg, Sinokor is now chartering vessels for about $500,000 per day, roughly ten times last year’s average tanker rates.

Industry estimates suggest that by late February the company controlled around 150 VLCCs, representing roughly 40% of available tankers not already tied up in sanctions or long-term contracts.

Quiet heir behind massive shipping strategy

Jeong is known in the shipping industry as the low-profile heir to one of South Korea’s major maritime families.

Bloomberg reported that he rarely appears publicly and is known internally for a military-style management approach. Industry anecdotes even describe him challenging employees and business partners to arm-wrestling contests.

Oil supply disruptions reshape tanker market

The Iran war has dramatically altered global oil transportation patterns, forcing ships to reroute and increasing the need for offshore storage.

Under those conditions, Sinokor’s aggressive tanker acquisition strategy is now being viewed as one of the biggest winners of the crisis, Bloomberg said.

WSJ: Sinokor among winners of Hormuz crisis

The Wall Street Journal earlier identified Sinokor as one of the companies benefiting from the Strait of Hormuz tensions.

According to the newspaper, the company purchased dozens of oil tankers and deployed some of them to the Gulf region even before the conflict intensified.

Sources told the Journal that Sinokor is leasing several vessels to ADNOC, the United Arab Emirates’ state-owned oil company, to be used as floating storage facilities.

These vessels can earn up to $500,000 per day in charter fees, the report said.

As land-based storage in Gulf oil-producing countries approaches capacity, producers have increasingly stored crude at sea. Drilling firms in Iraq and Kuwait have even slowed production due to storage shortages.

The WSJ also noted that Greek shipping magnate George Prokopiou adopted a similar strategy, sending at least five tankers to the Strait of Hormuz through his company Dynacom, which is reportedly earning up to $440,000 per day – about four times pre-war rates.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260316010004394

March 11 (Asia Today) — Nearly half of South Korean high school students are using artificial intelligence to help them study, a survey showed, as the government moves to expand AI education in public schools.

According to a survey conducted by education company Jinaksa of 3,525 high school students nationwide, 47.7% said they use AI for studying at least once a week.

The most common usage frequency was once or twice per week at 25.2%. Another 14.4% said they use AI three times or more each week, while 8.1% reported using it almost daily.

Meanwhile, 22.7% said they never use AI for studying, and 29.6% said they use it only once or twice a month.

Students most frequently used AI to ask for explanations of unfamiliar concepts, accounting for 49.7% of responses. Other common uses included help solving problems at 29.0%, summarizing notes or reading passages at 27.9% and requesting feedback on answers at 17.4%.

The findings suggest students are not using AI simply to find correct answers but increasingly treat it as a question-based learning tool that explains concepts and helps guide problem-solving.

Education officials are also expanding artificial intelligence education in public schools.

The Ministry of Education said it has designated 1,141 elementary, middle and high schools nationwide as “AI focus schools” in cooperation with 17 regional education offices.

These schools will integrate AI-related lessons across subjects and expand interdisciplinary programs that combine artificial intelligence with existing curricula. Schools will also strengthen ethics education to encourage responsible use of AI and provide activities such as AI clubs and hands-on learning programs.

The ministry plans to gradually expand the program to 1,500 schools by 2027 and 2,000 schools by 2028.

Woo Yeon-cheol, director of the admissions strategy research institute at Jinaksa, said students are increasingly using AI as a form of “digital tutoring.”

“Students are not simply using AI to complete assignments,” Woo said. “They are using it to ask questions about concepts they do not understand and to check the direction of problem solving.”

He added that the ability to ask questions anytime and receive immediate explanations is helping AI become a new learning support tool.

Woo also noted that even as the government moves to expand AI-based education in schools, students have already been adapting quickly to AI-driven learning environments outside the classroom.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260311010003167

North Korea’s Kim Yo Jong said the annual ‘Freedom Shield’ exercises could lead to ‘unimaginably terrible consequences’.

Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, has accused the United States and South Korea of “destroying the stability” of East Asia, as the two countries start their annual 10-day joint military exercises on the Korean Peninsula.

“The muscle-flexing of the hostile forces near the areas of our state’s sovereignty and security may cause unimaginably terrible consequences,” Kim Yo Yong said on Tuesday, according to the state-run Korean Central News Agency (KCNA).

“The enemies should never try to test our patience, will and capability,” Kim said.

“We will watch to what extent the enemy violates the security of our state and what it is playing at,” she continued.

Kim’s remarks follow the start of the joint Freedom Shield exercises on Monday, which will run for 10 days and involve 18,000 South Korean and US military personnel.

The military manoeuvres are designed to “enhance the combined, joint, all-domain, and interagency operational environment, thereby strengthening the Alliance’s response capabilities,” United States Forces Korea said.

This year’s Freedom Shield will involve 22 field training drills, according to South Korea’s Yonhap News Agency, which is fewer than half the number carried out last year.

Kim added on Tuesday that there was no justification to hold the exercises, which have been called a “defensive” action by Washington and Seoul in the past.

“No matter what justification they may establish and how the elements of the drill may be coordinated, the clear confrontational nature of the high-intensity large-scale war drill staged by the most hostile entities in collusion at the doorstep of [North Korea] never changes,” she said.

“The recent global geopolitical crisis and complicated international events prove that all military manoeuvres of the field warfare troops, to be conducted by the enemy states, assume no distinction between defence and attack, training and actual warfare,” she continued, in an apparent reference to the US-Israel war on Iran.

South Korea and North Korea have technically been at war since 1953, when an armistice agreement paused fighting but did not formally end the armed confrontation.

North Korean leader Kim Jong Un said in 2024 that he would no longer pursue reconciliation with South Korea, although it remains Seoul’s long-term goal.

An official at South Korea’s Ministry of Unification told Yonhap that Kim’s remarks on Tuesday were relatively muted by North Korean standards.

The statement did not refer directly to the US or threaten to use nuclear weapons, the official said, speaking on condition of anonymity.

“Kim appears to have limited her response to merely pinpointing the South Korea-US exercise, taking the current security situation into account,” the official told Yonhap.

The South Korean won fell to a 17-year low against the U.S. dollar Monday amid heightened market volatility as oil prices spiked following the expanding conflict in the Middle East.

The won was quoted at 1,495.5 won per dollar at 3:30 p.m., down 19.1 won from the previous session, marking the weakest level since March 12, 2009, when the won-dollar rate hit 1,496.5 won during the global financial crisis.

After opening at 1,493 won, the won-dollar rate touched 1,499.2 won at 10:22 a.m., the lowest intraday level since that day, when the rate reached 1,500 won.

Investor sentiment was dampened by instability in global energy prices. The U.S. benchmark West Texas Intermediate (WTI) crude surpassed US$100 per barrel for the first time since July 2022 on Sunday (U.S. time).

The recent decline in the won has also been driven by a broad dollar rally amid concerns that the U.S.-Israeli operation could escalate into a prolonged regional war.

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Foreign Minister Cho Hyun said Friday that Ukraine has assured him that two North Korean soldiers captured while fighting alongside Russia will not be repatriated to Moscow.

Cho made the remarks during a parliamentary session, responding to a lawmaker’s question regarding the captives who remain in Ukrainian custody since they were captured during combat on Russia’s side in the front-line Kursk region in January last year.

Earlier this month, Rep. Yu Yong-weon of the main opposition People Power Party said after visiting Ukraine that Russia had included the two soldiers on its list of prisoners it demanded be released in a prisoner-of-war (POW) exchange.

“I have received confirmation from my Ukrainian counterpart that the soldiers will not be repatriated (to Russia),” Cho said. “There is no need to worry about the possibility of them being sent back to North Korea or Russia.”

Asked to confirm whether the soldiers were on the POW exchange list, Cho avoided giving a straight answer, indicating that Ukraine would not share such details with Seoul.

Cho stressed that disclosing any details about the soldiers could jeopardize their safety, adding that the foreign ministry is making every effort to ensure their safety and bring them to South Korea in accordance with the Constitution.

Through media interviews, the soldiers have expressed their intention to come to South Korea rather than being sent back to the North.

Yu has called for sending a presidential envoy to Ukraine to discuss their defection, saying their repatriation to Pyongyang cannot be ruled out.

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SEOUL, March 6 (UPI) — South Korea’s Unification Ministry called Friday for pursuing a declaration formally ending the Korean War, describing it as a step toward restarting dialogue with North Korea and easing tensions on the Korean Peninsula.

The ministry outlined the proposal in a policy report presented to the National Assembly’s foreign affairs and unification committee and shared with reporters, as part of President Lee Jae Myung’s broader effort to stabilize inter-Korean relations after years of heightened tensions.

Seoul “will promote a ‘peace declaration’ reflecting the political will to end the Korean War and initiate discussions on establishing a peace regime, including the signing of a peace treaty,” the report said.

North and South Korea remain technically at war because the 1950-53 Korean War ended with an armistice rather than a peace agreement.

The ministry said the declaration could serve as an initial step toward transforming the armistice system into a lasting peace framework and helping institutionalize what it described as a policy of “peaceful coexistence” between the two Koreas.

The report comes amid mixed signals from North Korea following its recent Workers’ Party congress, where leader Kim Jong Un said there was “no reason” Pyongyang could not improve relations with the United States if Washington abandons what he called its hostile policy.

Kim maintained his dismissive stance toward South Korea, however, calling it “the most hostile entity.” The Lee administration has pursued a series of confidence-building steps aimed at lowering tensions — efforts Kim described as “a clumsy deceptive farce.”

Lee has said South Korea aims to act as a “pacemaker” for renewed diplomacy between Washington and Pyongyang, working with regional partners to create conditions for dialogue between the United States and North Korea.

The ministry’s report noted that U.S. President Donald Trump has expressed willingness to address the unresolved wartime status of the Korean Peninsula and said Washington has reaffirmed its openness to talks with Pyongyang without preconditions.

Seoul said it will also seek the appointment of a U.S. special envoy for North Korea and expand coordination with neighboring countries to encourage the North to return to negotiations.

Despite those efforts, tensions could rise again soon.

South Korea and the United States are scheduled to begin their large-scale springtime military exercise, Freedom Shield, on Monday. Pyongyang routinely condemns the allies’ joint drills as rehearsals for an invasion, and the report noted that North Korea may respond with statements or military provocations.

March 5 (Asia Today) — South Korea’s major game companies are rolling out more aggressive shareholder return plans, raising dividends and canceling shares as they try to strengthen investor confidence amid uncertainty over new title launches.

The gaming sector often sees sharp swings in earnings depending on whether new releases succeed. Analysts say clearer long-term payout policies can help stabilize market expectations and could support higher valuations if performance improves.

Krafton said it will spend more than 1 trillion won ($675 million) on shareholder returns through 2028, about 44% more than its previous three-year plan of 693 billion won ($468 million).

The company also plans to pay cash dividends totaling 300 billion won ($203 million) over three years, or 100 billion won ($68 million) a year. It said the payout will be structured as a capital reduction dividend for small shareholders, which can reduce tax burdens under Korean rules.

Krafton also said it will buy back more than 700 billion won ($473 million) of its own shares and cancel all of them, a move aimed at improving capital efficiency.

Netmarble said it will pay 71.8 billion won ($48.5 million) in cash dividends, or 876 won per share, roughly equal to about 30% of controlling shareholder net profit. It also plans to cancel 4.7% of shares it already holds.

Netmarble set a longer-term target of lifting its shareholder return ratio to about 40% by 2028.

Mid-sized publishers are also stepping up returns. Com2uS canceled 5.1% of shares it held earlier this year and approved a 14.8 billion won ($10.0 million) cash dividend. The company said five executives, including CEO Nam Jae-kwan, also purchased a combined 13,210 shares.

Neowiz said it plans to return 20% of consolidated operating profit to shareholders under a mid- to long-term policy. Based on 2025 results, that would amount to about 12 billion won ($8.1 million), delivered through a mix of share buybacks, share cancellations and dividends.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001594

March 3 (Asia Today) — South Korea’s three major telecom operators laid out competing but converging visions for the artificial intelligence era at the Mobile World Congress in Spain, redefining themselves not as simple network providers but as designers of AI infrastructure.

At MWC 2026, themed “IQ Era,” executives from SK Telecom, KT and LG Uplus emphasized that telecommunications networks will serve as the core platform enabling AI ecosystems.

LG Uplus: Human-centered AI

Hong Beom-sik, chief executive of LG Uplus, took the stage as the only Korean telecom CEO to deliver an opening keynote at MWC 2026. He introduced a voice-based AI call agent, “ixi-O,” positioning it as a human-centered interface in an age crowded with AI devices and services.

Hong said voice will remain the most intuitive and human interface. The company combines on-device AI with large language model technology to balance privacy protection and personalized user experiences. He called for global cooperation to establish common standards for voice-based AI services.

SK Telecom: Sovereign AI package

SK Telecom framed telecom operators as “designers and drivers” of AI infrastructure. CEO Jung Jae-heon unveiled a “Sovereign AI Package” strategy integrating AI data centers, a proprietary AI model known as A.X K1 and industry-focused AI services.

The approach aims to build domestically controlled infrastructure that integrates foundation models and industrial services, strengthening data sovereignty while supporting industrial innovation. During MWC, SK Telecom met with telecom operators from Europe, the Middle East and Asia to expand what it described as an AI cooperation belt across regions.

KT: 6G as integrated AI infrastructure

KT presented its vision for 6G as an integrated infrastructure capable of ensuring stable AI operations. The company described 6G competition not as a race over individual technologies but as a contest in integrated architecture combining AI, satellite, optical networks, security and operations.

KT said it plans to apply AI to network management while guaranteeing the ultra-low latency and high reliability required by AI services. It outlined concepts including three-dimensional coverage across land, sea and air, network slicing, photonic-based end-to-end ultra-low latency structures, quantum-safe security and autonomous networks.

From carrier to orchestrator

Across their presentations, the three telecom leaders delivered a shared message: in the AI era, telecom companies must evolve from data carriers into infrastructure orchestrators that design and operate the entire ecosystem.

Their blueprints also reflect a broader industry shift. Amid recent security and network stability concerns, executives suggested that the next phase of AI competition will hinge less on speed alone and more on reliability, control and integrated system design.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260304010000736

March 2 (UPI) — In a recent interview with journalists from several Korean media outlets, Dr. Hyun Jin Preston Moon, Chairman of the Global Peace Foundation and author of The Korean Dream, warned that Korea stands at a pivotal crossroads where the decisions made and actions taken will determine the fate of the Korean Peninsula and the future direction of the Korean people for generations to come. With Washington focused on numerous global crises and lacking a clear policy towards North Korea, he said, it is precisely now that the Korean people must assert themselves in support of a free and unified homeland.

The interview took place amid deepening inter-Korean tensions. At the end of 2023, North Korean leader Kim Jong Un formally abandoned the goal of unification which had existed since the formation of North Korea under his grandfather Kim Il Sung’s rule. He designated the two Koreas as “hostile states” and ordered revision of the DPRK constitution to remove reunification as a national objective.

Moon defined North Korea’s formal adoption of the “two hostile states” doctrine as a structural turning point, one that exposes the fragility of the Kim regime. He said the situation demands strategic clarity rather than reliance on past engagement models, and requires that a compelling alternative vision to be placed on the table before this window of opportunity closes.

Conciliatory approaches, he said, carry meaning only when both sides share the goal of unification. When one side formally abandons that goal and redefines the other as an enemy, the entire strategic framework must be fundamentally reconsidered. Clinging to outdated models, he warned, is not diplomacy – it is self-delusion.

At the core of the alternative he is presenting is the Korean Dream – a comprehensive national vision rooted in Korea’s civilizational heritage spanning five millennia and grounded in democratic governance, economic opportunity, and fundamental human rights and freedoms for all its citizens. Rather than reacting to Pyongyang’s provocations, Moon argues, South Korea must define the peninsula’s future on its own terms. He noted that the previous Korean administration had already accepted the Korean Dream framework in principle; during the 2023 Camp David Summit, the U.S. and Japan agreed to support South Korea in its pursuit of a free and unified Korea. Moon also called for a non-governmental advisory committee to replace the current Ministry of Unification to allow for institutional continuity in how South Korea’s administration relates to North Korea, noting that the ideological reversals with each consecutive administration have long undermined inter-Korean policy.

Central to the Korean Dream vision is Hongik Ingan – the founding Korean ethos, roughly translated as “to broadly benefit humanity.” Moon describes this as the spiritual and historical bedrock of Korean identity. He emphasized that it is not an abstract ideal but a living principle that has been passed from generation to generation as part of the Korean people’s heritage and infuses unification with a high-minded purpose. Koreans must rediscover this founding spirit, he said, and see themselves not as passive pawns of geopolitical forces but as active agents with a civilizational mission.

On economic concerns, Moon was direct. Unification is not a burden but an opportunity of historic scale, he said, particularly for Korea’s younger generation. A unified Korea would integrate the more than 25 million North Korean residents into a new domestic market, rebalance its export-dependent economy, and spur large-scale infrastructure development, industrial restructuring, and expanded regional influence.

Moon drew parallels of the potential economic transformation that unification could unleash to China’s wealthy coastal cities that burgeoned with its historic shift from a centrally planned to a market economy. For the Korean Peninsula, he continued, such changes could fuel what he called a second Miracle on the Han River. The generation that seizes this moment, he said, will not merely inherit a problem but will open a new chapter of flourishing for Korean civilization.

The decisive factor shaping the Peninsula’s future, Moon argued, is neither military posture nor diplomatic maneuvering – it is public consciousness. If South Korean youth come to see unification not as a financial burden inherited from their predecessors but as a civilizational mission rooted in Hongik Ingan, that shift in public imagination will become the most powerful engine for change on the Korean Peninsula.

He pointed to North Korea’s growing internal vulnerabilities as evidence that the window for shaping the arc of history is narrowing. Rising defection rates – including among senior officials- and the regime’s deepening economic fragility suggest that the structures sustaining Kim Jong Un’s control are under mounting pressure. Moon said Kim is likely reassessing his long-term strategic options as he observes the dramatic upheaval unfolding in Iran.

“The regime’s current two-state posture is not necessarily permanent,” Moon said. “What matters is whether the right alternative is on the table.” He urged the South Korean administration to adopt the Korean Dream vision and offered to support and advise the U.S. administration as it further develops its strategy and approach to the Koreas.

Feb. 27 (Asia Today) — Revenue and admissions for South Korean films plunged about 40% in 2025 from a year earlier, according to industry data released Thursday, underscoring ongoing challenges for the domestic box office.

The Korean Film Council said in its annual industry report that total theater revenue reached 1.047 trillion won ($785 million) last year, while total admissions stood at 106.09 million, down 12.4% and 13.8% respectively from 2024.

The industry narrowly maintained the 1 trillion won and 100 million admissions thresholds, helped by a string of late-year hits including “Zombie Daughter,” “F1: The Movie,” “Demon Slayer: Kimetsu no Yaiba – Infinity Castle,” “Zootopia 2” and “Avatar: Fire and Ash.”

However, Korean films alone saw a much steeper decline.

Domestic titles generated 419.1 billion won ($314 million) in revenue and drew 43.58 million viewers, down 39.4% and 39.0% from a year earlier. Their market share fell to around 40%, and no Korean film surpassed 10 million admissions in 2025.

In contrast, foreign films posted revenue of 627.9 billion won ($471 million) and 62.51 million admissions, up 24.7% and 21.0% year-on-year.

Special format screenings such as IMAX and 4D recorded 110 billion won ($82 million) in revenue, up 46.3% from 75.9 billion won the previous year. The average number of cinema visits per person declined to 2.08 from 2.40.

The export value of completed Korean films rose 19.9% to $50.28 million, driven largely by demand in Asian markets including Japan, Taiwan, Indonesia and Vietnam.

The council said overall theater visits declined, but audiences showed a stronger tendency toward selective viewing of major titles, suggesting a more concentrated box office environment.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260227010008420

A Russian professor specializing in Korean studies and teaching at a South Korean university, Andrey Lankov, has been detained by police in Latvia, where he was giving a lecture on North Korea, Russian media has reported.

Professor Lankov of Kookmin University in Seoul was detained in Latvia and was added to the Latvian authorities’ “blacklist,” Russian news outlet RBC reported Wednesday (Russian time), citing an interview with the professor.

“Andrey Nikolaevich is safe and awaiting the arrival of his lawyer. The Australian consul has been notified of the situation,” RBC quoted the lecture organizers as saying. The professor is reported to hold both Russian and Australian citizenship.

Citing a local Latvian report, the news outlet also said the professor was taken away by Latvian police officers during a lecture in Riga. The lecture, titled “North Korea: What the Leaders Want and Fear”, was supposed to focus on North Korea, it said.

RBC did not provide reasons for Lankov’s detention.

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HAMYANG, South Korea, Feb. 23 (UPI) — As harvest season approached last November, farmer Ma Yong-un walked through his apple orchard in southern South Korea with a growing sense of dread.

The Fuji apples hanging from the trees were pale, lacking the deep red color that signals sweetness and commands a good price. To make matters worse, many were splitting open as they ripened.

An unusually rainy fall had blocked the sunlight needed for proper coloring, following one of the hottest summers on record.

“I had never seen this kind of cracking before,” Ma, 55, told UPI on his farm in Hamyang, a rural county in South Gyeongsang Province. “I was so stressed. I was worried about my family’s survival.”

A late dry spell before the harvest helped salvage some color, but another year of punishing weather had taken its toll. Ma estimated that half his apples were not of good quality.

Across South Korea, similar stories have become increasingly common. Farmers are facing mounting losses from heat waves, heavy rainfall, droughts and shifting growing seasons — impacts scientists widely link to climate change.

Now, their experiences are moving from fields and paddies into a courtroom.

Ma is one of five plaintiffs in a civil lawsuit filed against state-owned utility Korea Electric Power Corporation, or KEPCO, and five of its power-generation subsidiaries. The suit seeks financial compensation for climate-related agricultural damages and asks whether a major corporate emitter can be held legally responsible for the downstream effects of climate change.

The case is the first of its kind in South Korea, according to Yeny Kim, an attorney with the Seoul-based nonprofit Solutions for Our Climate, which is representing the plaintiffs.

“Agriculture is an industry that is absolutely dependent on climate conditions,” Kim told UPI. “As the climate changes, we’re reaching a point where certain crops can no longer be grown. That leads to damages to farmland, reduced yields and increased costs just to grow the same amount of crops.”

Filed in August, the lawsuit argues that KEPCO’s greenhouse gas emissions materially contributed to climate change and, in turn, to the plaintiffs’ economic losses.

Quantifying climate damage

The case is based on an analysis estimating $72.9 billion in climate-related economic damages linked to KEPCO’s emissions between 2011 and 2023. During that period, KEPCO and its subsidiaries accounted for roughly 27% of South Korea’s total greenhouse gas emissions, making the utility the single largest corporate emitter in the country.

Globally, the companies’ emissions represented about 0.39% of cumulative worldwide emissions over the same timeframe — a figure the plaintiffs argue is sufficient to establish measurable responsibility for climate-driven harm.

“In a court of law, quantifiable harm means legal liability,” Kim said.

The lawsuit draws on the “polluter pays” principle, which holds that those responsible for pollution should bear the costs of the damage it causes. While widely used in environmental law, applying it to climate change remains largely untested in Korean courts.

Each plaintiff is seeking an initial 5 million won — about $3,400 — in damages, an amount that could be adjusted as the case proceeds. They are also requesting an additional 2,035 won, roughly $1.40, as symbolic compensation for the emotional and psychological toll they say climate change has imposed on their lives.

Hwang Seong-yeol, a rice farmer and fellow plaintiff, said anxiety and a sense of helplessness now shadow every growing season.

“We just look at the sky and wonder what the weather is going to be like,” Hwang said at a press briefing in Seoul in November. “Being stressed from physical labor is something we can endure. But the stress caused by climate change is completely unbearable.”

The suit’s first hearing took place at Gwangju District Court last month. Court records show the defendants have submitted multiple written responses contesting the claims. The next hearing is scheduled for April 23.

KEPCO did not respond to a request for comment. The company has pledged to achieve carbon neutrality by 2050, in line with South Korean government policy.

An economy at risk

South Korea has lagged other developed countries in transitioning away from fossil fuels. Government data show just 10.7% of the country’s electricity came from renewable sources in 2024, well below the global average of roughly 32%.

The country is also particularly exposed to climate disruptions abroad. South Korea imports the vast majority of its food — its calorie self-sufficiency rate stood at just 32.5% in 2023, roughly half the level recorded in 1990, according to the Korea Rural Economic Institute. The broader grain self-sufficiency rate, including animal feed, has fallen to 22.2%, among the lowest of any OECD country.

Nam Jae-Chol, a professor at Seoul National University and former administrator of the Korea Meteorological Administration, told UPI that dependence leaves the country vulnerable when climate shocks hit major exporters.

“When exporting countries begin to limit shipments because of climate impacts, that’s when the problem becomes visible,” Nam said. “If agricultural imports suddenly decline because of climate change, prices will skyrocket. In extreme cases, exports could even stop.”

“In 10 or 20 years, we’re going to face a serious crisis due to climate change,” Nam added. “It’s inevitable.”

In South Korea, warming temperatures have already pushed traditional crop-growing zones northward, forcing farmers to adapt — changing what they grow, how they manage water and how they run their operations, Nam said.

Ma said he first felt the full weight of climate change in 2018, when severe cold and frost tore through his orchard, a moment that convinced him the changes were accelerating.

Since then, he has cut his use of chemical fertilizers and tried more eco-friendly practices to improve soil health. He has also begun to consider whether he may eventually need to change crops or even move his orchard entirely — decisions that carry steep costs and uncertainty.

“The compensation is 5 million won, but the damages I suffered this fall alone were ten times more than that,” Ma said. “So the amount itself doesn’t really mean much.”

What he hopes, he said, is that the lawsuit makes those struggles harder to ignore.

“Climate change is already having a huge impact on our agriculture, and people need to see that,” Ma said. “KEPCO cannot continue operating this way, and Korea needs to change its energy policy toward something more sustainable.”

Feb. 22 (Asia Today) — South Korea’s industrial sector said there is no immediate change in tariff rates but warned that uncertainty has grown after U.S. President Donald Trump signaled plans to impose new global tariffs.

Trump said Friday he would raise the proposed “global tariff” rate from 10% to 15% following a U.S. Supreme Court ruling that struck down his earlier reciprocal tariffs. The 15% duties previously applied to South Korea are expected to reappear under the new global tariff framework.

Industry officials said item-specific tariffs on automobiles, steel and semiconductors have not been directly addressed in the latest announcement, leaving companies cautious about possible next steps.

Major exporters are closely monitoring developments as Washington has yet to finalize detailed tariff guidelines.

Semiconductors, one of South Korea’s top export items, are currently subject to product-specific tariff discussions but remain duty-free for now. However, companies have not ruled out the possibility that Washington could soon put semiconductor tariffs on the negotiating table or raise rates to offset revenue lost from the invalidated reciprocal tariffs.

SK Group Chairman Chey Tae-won said after attending the U.S. Trans-Pacific Dialogue that he would review the court ruling before commenting further, reflecting the cautious stance of corporate leaders.

Automobile and steel tariffs are expected to remain in place regardless of the court decision. Automobiles and auto parts currently face a 15% tariff, while steel and aluminum were hit with a 50% tariff last year. Analysts said additional increases in those sectors appear unlikely in the near term.

For food, cosmetics, home appliances and chemical products, a 15% global tariff would largely mirror the current reciprocal tariff level. If the rate were set at 10% instead, exporters could see a modest reduction compared with the existing 15% rate.

While companies say there is no immediate operational impact, executives are concerned that Trump could invoke other trade authorities to introduce new measures, further complicating trade planning.

Industry officials said businesses are preparing contingency strategies as they await clearer guidance from Washington.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260222010006449

Online sales of South Korean products in overseas markets rose for the third consecutive year to a record high in 2025, government data showed Monday.

Outbound online sales by South Korean businesses reached 3.02 trillion won (US$2.09 billion) last year, up 16.4 percent from a year earlier, according to the data from the Ministry of Data and Statistics. The figure has been on a steady increase since 2023.

By region, sales increased by 26.3 percent on-year in the United States and 10.9 percent in China, while sales to the 10 member countries of the Association of Southeast Asian Nations (ASEAN) fell 4.4 percent.

By product category, food and beverage sales surged 49.2 percent to 112.9 billion won, the highest level since the statistical standards were revised in 2017.

Sales of cosmetics rose 20.4 percent, while those of albums, videos and musical instruments increased 7 percent.

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