Korean

Iran’s top envoy to Seoul said Thursday South Korean ships can pass through the Strait of Hormuz, but only with prior coordination with Tehran, saying that his country has asked Seoul to provide details of the vessels stranded in the key waterway amid the ongoing conflict.

Iranian Ambassador to South Korea Saeed Koozechi made the remarks in a press conference, as 26 South Korean ships with about 180 crew members aboard remain stranded in the shipping lane effectively blocked by Iran following attacks by the United States and Israel.

Koozechi also said that Iran considers South Korea a non-adversarial country.

“There are no problems with the vessels,” he said through an interpreter. “But in order for them to pass through, you need coordination, prior consultations with the Iranian military and government.”

Koozechi went on to say that Tehran had asked Seoul to provide the details of the stranded ships during the phone talks between their foreign ministers on Monday, without specifying whether the request was meant to start negotiations on the ships’ passage.

“Iran is acting in good faith and is willing to allow South Korean ships to transit the Strait of Hormuz, but the process will depend on receiving the relevant information and the vessels list. Once they are provided, we will consider it,” he said.

When asked to confirm Iran’s request, Seoul’s foreign ministry said it was a request for cooperation on safety measures in the event of a humanitarian situation on the anchored vessels, and not related to their transit.

“We have not negotiated (with Iran) on (the passage) of vessels,” a ministry official said, adding that it has received no such request from Tehran, nor has it provided any details of the ships.

In the phone talks with his Iranian counterpart, Foreign Minister Cho Hyun called on Tehran to ease tensions and ensure safe navigation through the vital waterway for global energy supplies.

Cho also requested Iran’s cooperation regarding the safety of stranded South Korean vessels and their crew, but the issue of permitting their transit was reportedly not addressed.

While Iran sees South Korea as a non-hostile country, restricting activities of ships engaged in business with U.S. companies has been unavoidable as part of its self-defense measures, the ambassador said.

“Imposing restrictions on them is only natural,” Koozechi said. “Blocking their activities and enforcing economic restrictions is Iran’s right to self-defense.”

Thursday’s press event featured a photo exhibition and documentary screening at the Iranian Embassy in Seoul. The materials highlighted the impact of U.S.-Israeli attacks on Iran, including images of destroyed buildings and footage of children killed in an airstrike at an elementary school and their grieving families.

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March 25 (Asia Today) — Russia funneled about 50 billion won ($33.4 million) to North Korean workers under the guise of scholarships, according to a report released Tuesday by a South Korean human rights group.

The Citizens’ Coalition for North Korean Human Rights said the arrangement allowed Pyongyang and Russian entities to evade U.N. Security Council Resolution 2397, which bars the hiring of new North Korean workers abroad and requires the repatriation of those already deployed.

According to the report, a Russian university identified as Sozheistvie received 2.7 billion rubles ($33.34million) in support from 76 Russian companies between October 2023 and June 2025 and distributed the funds to North Korean laborers who were presented as foreign students.

The group said the workers were formally registered in language, technical or vocational training programs, but were in practice assigned to full-time construction, logging and industrial jobs.

Based on an analysis of the university’s financial records, the report said individual payments ranged from about 330,000 won to 4.7 million won, or about $220 to $3,135, per worker – far above the average scholarship paid by Russian higher education institutions, which it said was about 70,000 won, or roughly $47, per student in 2024. (Xe)

The report said the wages were ultimately confiscated by North Korean authorities and routed into accounts linked to institutions involved in weapons development and regime maintenance, including agencies associated with uranium mining, nuclear and ballistic missile programs, arms exports and internal security.

It also said North Korean military-linked companies and firms tied to Office 39, a key regime finance network, remain active in Russia despite international sanctions.

The findings were based on in-depth interviews with eight North Korean defectors, including former workers in Russia, witnesses and former managers with direct knowledge of the labor system, the group said.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260325010007833

March 24 (Asia Today) — Ukraine’s Defense Ministry has told a South Korean civic group that two captured North Korean soldiers are recognized as prisoners of war and are being protected under the Geneva Convention on the treatment of POWs.

According to a reply disclosed Tuesday by an emergency committee campaigning for the soldiers’ transfer, the Ukrainian ministry said the men are being guaranteed contact with the outside world, access by international monitors and human rights organizations, and other protections required under international humanitarian law.

The ministry also said the principle of non-refoulement, which bars forced return to a country where a person may face harm, is being taken into account in their treatment.

The statement aligns with remarks made March 6 by South Korean Foreign Minister Cho Hyun, who said he had received assurances from his Ukrainian counterpart that the soldiers would not be repatriated to North Korea or Russia. (Yonhap News)

The civic group, however, said the two men remain in a military detention facility under the authority of Ukraine’s Defense Ministry and still hold legal POW status, leaving open the possibility that they could become subjects of negotiations between governments.

The group said the soldiers should be shifted from military custody to an internationally protected status. It called for their transfer to a civilian protection facility and urged direct involvement by the U.N. refugee agency, the U.N. human rights office and the International Committee of the Red Cross.

It also proposed that procedures begin to determine whether the two soldiers should receive refugee status or another form of international protection.

Photo made available by the Emergency Committee for the Free Repatriation of North Korean Soldiers shows a reply from Ukraine’s Defense Ministry regarding two captured North Korean soldiers. /Provided by the committee

— Reported by Asia Today; translated by UPI

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March 22 (Asia Today) — South Korea’s four largest banks are tightening corporate payment guarantees as exporters face mounting pressure from U.S. tariffs and a prolonged period of high exchange rates.

The combined value of guarantees issued by KB Kookmin Bank, Shinhan Bank, Hana Bank and Woori Bank reached 79.2 trillion won (about $59 billion) at the end of last year, up 3.9% from a year earlier, according to financial industry data.

The increase marks a sharp slowdown compared with double-digit growth in previous years, reflecting a more cautious approach by banks amid rising economic uncertainty.

Banks have scaled back new guarantees as U.S. tariff policies weigh on export profitability and a weaker won raises costs for companies. The won-dollar exchange rate has hovered around 1,500 won, adding further pressure on corporate balance sheets.

Payment guarantees, commonly used by exporters, allow companies to secure financing or complete trade transactions by relying on a bank’s credit backing. If a company defaults, the bank assumes the repayment obligation.

Industry data show that firm guarantees – where the amount is fixed and the bank assumes the debt – rose 8.5% to 60.9 trillion won (about $45 billion), while contingent guarantees fell 8.8% to 18.3 trillion won (about $13.7 billion).

Analysts said banks are favoring lower-risk transactions and reducing exposure to more complex contingent guarantees, which are harder to manage.

The slowdown also reflects weaker demand. Large exporters, which drove much of last year’s trade growth, often do not require bank guarantees, while rising delinquency risks have prompted lenders to focus on balance sheet stability.

Looking ahead, growth in guarantees is expected to remain subdued as geopolitical tensions in the Middle East and global logistics disruptions continue to weigh on trade.

A prolonged period of high exchange rates could further increase risks, as most guarantees are denominated in foreign currencies, meaning their value rises in won terms even without new issuance.

Experts say stabilizing the foreign exchange market and expanding trade finance support will be key to preventing broader financial strain on companies.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260323010006560

March 19 (Asia Today) — South Korean game companies are increasingly taking popular intellectual property beyond screens, launching immersive offline experiences to deepen engagement and diversify revenue.

The shift reflects efforts to reduce the industry’s reliance on new game releases, which can drive sharp swings in earnings. By combining well-known titles with venues such as aquariums and theme parks, companies aim to boost profitability while strengthening brand loyalty.

Experiential offerings typically include photo zones, merchandise sales and live events, creating both direct revenue and indirect benefits by encouraging players to return to games. Industry officials say the approach also opens the door to expansion into animation, performances and theme parks.

Devsisters will host “Cookie Run in Lotte World Aquarium: Ocean Adventure” from Thursday through June 7, transforming multiple floors of the aquarium into nine themed zones. The event blends eight signature Cookie Run characters with marine life, offering visitors an interactive storyline.

The exhibition also introduces an augmented reality stamp tour, allowing visitors to play mini-games on their smartphones and receive rewards such as character voice messages. Merchandise tied to the franchise will be sold on-site.

The company plans additional tie-ins, including a collaborative program at the “Sky Run,” a 123-floor vertical marathon at Lotte World Tower on April 19.

Nexon is pursuing a similar strategy with “MapleStory in Lotte World,” running through June 14 in Seoul’s Songpa district. The event features a themed “Maple Island” zone, along with recreations of in-game locations such as Henesys and Arcana.

Visitors can import or customize their in-game characters at dedicated experience zones. The event also includes retro gaming areas and themed products such as a “Red Potion” drink inspired by in-game items.

Other major firms are following suit. Krafton has operated pop-up stores based on “PUBG: Battlegrounds,” while Netmarble has hosted events featuring its “Kungya Restaurants” franchise.

“As pop-up stores, exhibitions and collaborations expand, game-based cultural content will become more diverse,” an industry official said.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260319010005893

March 21 (UPI) — A fire at a Daejeon, South Korea, car parts factory Friday has killed at least 14 people and injured dozens more.

There were nearly 60 injured in the fire in a three-floor plant. The Ministry of the Interior and Safety said that some of the injured had inhaled smoke, and some were injured when they jumped from the building. It said 25 were seriously injured, but it didn’t say if any were in life-threatening condition. There were 170 people inside when the fire erupted.

Nam Deuk-woo, fire chief of the city’s Daedeok district, said almost all of the bodies were found inside a third-floor space that had been used as a gym locker room, The New York Times reported. Some bodies were so badly burned it will take DNA testing to identify them.

Nam said workers recovered more than 220 pounds of highly reactive chemicals from the site before firefighters could spray water on the fire, and some witnesses have reported that there was an explosion when the fire began.

All of those missing have now been found, The Guardian reported.

Officials said they are still investigating the cause of the fire.

Firefighters said they couldn’t enter the structure earlier for fear of collapse.

They used unmanned robots Friday to cool the structure and do a safety inspection before they were able to go in and search for missing workers.

Daejeon is in central South Korea.

March 20 (Asia Today) — South Korea’s steel industry faces mounting pressure as Britain moves to tighten import restrictions, adding to growing trade barriers in the United States and Europe. Britain said it plans to cut steel import quotas by 60% and raise the tariff on volumes above the quota to 50% from 25%, with the new measures set to take effect July 1.

The tougher British measures have raised concerns about weaker exports and shrinking profitability for South Korean steelmakers. South Korea exported 640,000 metric tons of steel to Britain last year, accounting for 2.3% of its total steel exports, according to the industry ministry.

South Korean companies including POSCO and Hyundai Steel have shipped products such as heavy steel plate to Britain. POSCO said it is reviewing the situation and plans to respond after Britain releases more details on the affected products and volumes. The industry ministry said the move could violate World Trade Organization rules and the Korea-Britain free trade agreement, which provides for tariff-free steel trade, and pledged to work with London to limit damage to Korean companies.

The British action comes as other major markets also harden their trade defenses. The United States raised tariffs on imported steel and aluminum to 50% in June 2025. The European Union is also pursuing a tougher steel regime that would cut tariff-free import volumes by 47% and double out-of-quota duties to 50%.

The broader protectionist shift has already hurt Korean producers. Industry officials say companies are increasingly reliant on government trade talks as barriers rise across major export markets.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260320010006218

March 18 (Asia Today) — South Korea’s four major oil refiners are ramping up production and delaying maintenance to stabilize domestic fuel supply amid rising global energy risks, industry officials said Tuesday.

The move comes as refining margins approach $30 per barrel, far above the industry break-even level of about $4 to $5, signaling what analysts describe as a “super cycle.”

Despite strong profitability, refiners said the decision reflects a priority on supply stability as concerns grow over potential fuel shortages linked to Middle East tensions and disruptions in the Strait of Hormuz.

GS Caltex has postponed major maintenance at its Yeosu refinery by about two months to May, opting to keep production running during the current high-margin period. Such maintenance typically lasts about 40 days and costs hundreds of billions of won.

Industry officials said the delay was driven not only by profitability but also by the need to ensure stable supply, including naphtha, a key feedstock for petrochemical production.

Naphtha prices have surged to about $1,009 per ton, roughly double the level seen a year earlier.

Refiners said maintaining high operating rates will also support petrochemical companies by ensuring a steady supply of raw materials.

SK Energy said it will continue operating at full capacity while complying with the government’s oil price cap policy. Authorities are monitoring refinery inventories and shipments in real time through a joint task force.

S-Oil and HD Hyundai Oilbank are also prioritizing domestic supply in line with government measures limiting exports of gasoline and diesel.

Industry sources said other refiners may follow GS Caltex in adjusting maintenance schedules, as shutting down facilities during a period of elevated margins would reduce efficiency.

Analysts said refiners are seeking to balance strong earnings with their role in preventing a domestic fuel crisis as geopolitical tensions persist.

— Reported by Asia Today; translated by UPI

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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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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

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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

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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

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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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