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South Korean stocks sharply rebounded on Thursday from the previous session’s sharpest decline ever, soaring almost 10 percent, amid signs of an easing oil price surge sparked by the ongoing Iran conflict. The local currency rose against the U.S. dollar.

The Korea Composite Stock Price Index (KOSPI) added 490.36 points, or 9.63 percent, to close at 5,583.9, snapping the three-session losing streak.

It marked the largest daily gain in terms of points in KOSPI history, renewing the previous record of 338.41 points set on Feb. 3.

Also, the 9.63 percent rise is the second steepest since Oct. 30, 2008, when the index rose 11.95 percent in the midst of the global financial crisis.

The country’s main bourse operator, the Korea Exchange (KRX), issued a buy-side sidecar around opening, suspending the selling of KOSPI futures for five minutes.

Trade volume was heavy at 1.6 billion shares worth 44.8 trillion won (US$30.5 billion), with gainers sharply beating decliners 898 to 21.

Individual investors drove the steep rally, scooping up a net 1.79 trillion won, while foreigners and institutions sold a net 144.6 billion won and 1.7 trillion won, respectively.

“The KOSPI experienced the sharpest decline in history and dropped near the 5,000-point line the previous day,” Roh Dong-gil, an analyst at Shinhan Securities, said. “Bargain hunters returned to the market to pull off a turnaround.”

Overnight on Wall Street, the Dow Jones Industrial Average rose 0.49 percent and the tech-heavy Nasdaq Composite climbed 1.29 percent on calmed oil price hikes.

In Seoul, market heavyweights led the rally.

Market bellwether Samsung Electronics surged 11.27 percent to 191,600 won, and chip giant SK hynix soared 10.84 percent to 941,000 won.

Top carmaker Hyundai Motor escalated 9.38 percent to 548,000 won, and its sister Kia jumped 6.19 percent to 166,400 won.

Defense shares were among the biggest winners as industry leader Hanwha Aerospace vaulted 4.38 percent to 1.38 million won and LIG Nex1 shot up 23.26 percent to 763,000 won.

Shinhan Financial Group rose 4.62 percent to 92,900 won, and internet giant Naver advanced 5.77 percent to 220,000 won.

Samsung Biologics, a leading pharmaceutical firm, mounted 8.64 percent to 1.65 million won, and entertainment giant CJ ENM increased 5.91 percent to 64,500 won.

The Korean won was quoted at 1,468.1 won against the U.S. dollar at 3:30 p.m., up 8.1 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 3.4 basis points to 3.189 percent, and the return on the benchmark five-year government bonds declined 3.5 basis points to 3.442 percent.

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South Korea imposed a travel ban on all of Iran amid rising security concerns linked to the escalating conflict in the Middle East, the foreign ministry said Thursday.

A Level 3 travel alert, which advises nationals to leave the country, was upgraded to a travel ban effective at 6 p.m., the ministry said, amid escalating tensions in the Middle East following U.S. and Israeli strikes on Iran.

The ministry warned that Korean nationals who visit or stay in Iran without authorization may face punishment under relevant laws, advising those planning to travel to the region to cancel their trips and urging those currently there to evacuate.

The ministry said it issued the ban as “the worsening situation in the Middle East has raised serious concerns over the safety of Korean nationals visiting or staying in Iran.”

“The government will continue to closely monitor developments in the Middle East and take necessary measures to ensure the safety of Korean nationals,” it said.

The latest measures come as South Korea is continuing to evacuate its citizens from the Middle East after about 140 nationals were brought to safety in earlier operations, as U.S.-Israeli strikes on Iran escalate into a wider regional conflict.

The government is actively considering sending a chartered plane to the region, including the United Arab Emirates, where more than 2,000 South Korean short-term travelers remain stranded due to flight disruptions.

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March 4 (Asia Today) — South Korea’s aviation industry is on alert as rising oil prices and a weakening Korean won threaten airline profitability following the recent escalation in Middle East tensions.

The surge in global crude prices and the won-dollar exchange rate comes after the United States and Israel launched airstrikes on Iran, raising fears of prolonged instability in the region.

According to the Korea Exchange on Tuesday, shares of Korean Air fell 7.94% to 23,200 won (about $16.10). The stock has dropped about 17% compared with its Feb. 27 closing price of 28,100 won (about $19.40), just before the strikes on Iran, reflecting investor concerns about rising operating costs.

Fuel expenses account for roughly 30% of airline operating costs, making the industry particularly vulnerable to oil price fluctuations. Korean Air estimates that a $1 change in oil prices per barrel can affect its operating profit by about $30.5 million.

Brent crude futures on the ICE Futures Exchange closed at $81.40 per barrel on Tuesday, up $3.66, or 4.71%, from the previous session. West Texas Intermediate crude rose $3.33, or 4.67%, to close at $74.56 per barrel on the New York Mercantile Exchange.

Oil prices have climbed for three consecutive trading days after tensions surrounding Iran intensified and shipping through the Strait of Hormuz – a key route for about 20% of global seaborne oil shipments – was disrupted.

Korean Air said it plans to protect profitability through hedging strategies. The airline uses fuel price option contracts under internal risk management policies, primarily employing a “zero-cost collar” hedging structure that sets upper and lower price limits for fuel purchases.

Under this system, the airline can buy jet fuel at a predetermined price even if oil prices rise, while it must purchase fuel at the agreed level if prices fall below a certain threshold.

Korean Air said it hedges up to 50% of its projected annual fuel consumption.

“Ongoing assessments of oil price risks are conducted regularly, and we apply appropriate hedging products depending on market conditions and price levels,” a Korean Air official said.

Industry analysts warn, however, that prolonged tensions in the Middle East could place additional pressure on airlines through a weaker Korean currency.

The won briefly surpassed the psychologically significant level of 1,500 per U.S. dollar early Tuesday. A weaker won typically increases overseas operating costs for airlines and can also dampen travel demand.

Low-cost carriers are expected to face greater difficulties. Jeju Air, Jin Air and T’way Air – South Korea’s major budget airlines – all reported operating losses last year amid the strong dollar and have been striving to return to profitability.

Recent signs of exchange rate stabilization had raised hopes for improved performance this year, but the Iran crisis has revived concerns across the industry.

A T’way Air official said the company is preparing contingency plans.

“When the won-dollar exchange rate rises, we respond by covering overseas operating costs with foreign currency revenues generated locally,” the official said. “We are reviewing additional measures depending on changes in the international situation.”

If you want, I can also create a short 60-90 second YouTube news script version of this story, which would fit well with your weekly global news roundup format.

— 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=20260304010001116

March 4 (Asia Today) — Hyundai Motor and Kia said Tuesday they have launched an industry partnership to accelerate commercialization of their mobile robot platform MobED and expand a broader ecosystem for customized robotic solutions.

The automakers said they held a launch ceremony for the MobED Alliance at the 2026 Smart Factory and Automation Industry Exhibition at COEX in Seoul and began domestic sales of MobED.

The alliance includes Hyundai Motor and Kia’s Robotics Lab, parts suppliers such as Hyundai Transys and SL, robotics solution firms including LS Tira U-Tech and Gaon Robotics and related organizations including the Korea AI and Robotics Industry Association, the companies said.

Hyundai Motor and Kia described the alliance as a multi-party cooperation framework designed to meet demand for robot solutions that can be deployed quickly in industrial settings.

MobED is a compact mobile platform built on four independently driven Drive-and-Lift mechanisms in an eccentric structure designed to improve mobility on uneven ground, the companies said. The platform can be paired with different “top modules” for tasks including logistics delivery, patrol operations, research and video production.

Hyundai Motor and Kia said they plan to move beyond selling MobED as a stand-alone platform and instead work with specialized partners to provide complete, industry-specific solutions, targeting business-to-business and business-to-government markets.

Under the partnership model, Hyundai Motor and Kia’s Robotics Lab will provide the platform and core technologies, parts suppliers will provide components such as sensors, electronic systems and batteries and solution companies will handle deployment and services at worksites. Related institutions will support testing and adoption environments, the companies said.

The automakers said solution firms plan to develop 10 types of industry-specific top modules, including modules for logistics delivery, drone stations for patrol missions and advertising signage.

Hyun Dong-jin, head of Hyundai Motor and Kia’s Robotics Lab, said MobED will evolve into more advanced robotic solutions through the alliance and the companies will work with partners to expand what he called a “physical AI” ecosystem.

Hyundai Motor and Kia said MobED won a best innovation award in the robotics category at CES 2026 in January and the companies plan to expand applications that combine intelligent software and hardware in industrial settings.

— 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=20260304010001126

Follow our live build up, with full toss and team news coverage, ahead of our live text commentary stream.

March 4 (Asia Today) — In U.S. history, only one president served four terms: Franklin D. Roosevelt. Facing the unprecedented economic crisis of the Great Depression, Roosevelt pushed forward sweeping New Deal legislation to revive the economy. With Congress controlled by his Democratic Party, the political environment initially seemed favorable.

However, Roosevelt’s New Deal soon faced a major obstacle: opposition from the conservative-leaning U.S. Supreme Court. Several core New Deal laws were struck down as unconstitutional.

After winning re-election in 1936 with 61% of the vote, Roosevelt proposed a plan to expand the Supreme Court. Under the proposal, the president could appoint additional justices if sitting justices over the age of 70 years and six months did not retire. Because six justices were already over that age, the court could have expanded from nine members to as many as fifteen.

The proposal became known as “court packing” – an attempt to add justices favorable to the administration.

Opposition emerged from unexpected quarters. Not only Republicans but also members of Roosevelt’s own Democratic Party objected. Even Vice President John Nance Garner opposed the plan, warning it could create a dangerous precedent by allowing a president to reshape the judiciary for political purposes.

The proposal was ultimately withdrawn without a vote.

Another leader who reshaped the judiciary was Venezuelan President Hugo Chávez. After taking power, Chávez expanded the number of Supreme Court justices and appointed individuals loyal to his government. Once the executive branch gained control over the judiciary, the court largely lost its ability to check the administration.

The consequences were severe. Venezuela’s political system deteriorated, and the power structure Chávez built has remained firmly in place under his successor, Nicolás Maduro.

In South Korea, a revision to the Court Organization Act aimed at expanding the number of Supreme Court justices passed the National Assembly on Feb. 28 with 173 votes in favor, 73 against and one abstention. The legislation now awaits promulgation by the president.

If enacted, the number of Supreme Court justices will increase from 14 to 26. President Lee Jae-myung would have the authority to appoint not only the 12 newly added justices but also replacements for 10 justices whose terms are set to expire, including Chief Justice Cho Hee-dae. In total, the president could appoint 22 of the court’s 26 justices during his term.

Expanding the number of justices is not simply a matter of increasing seats.

In Venezuela, Chávez filled the court with allies and during his tenure the Supreme Court issued virtually no rulings against the government. The judiciary effectively lost its role as an independent check on executive power.

Even Roosevelt – widely admired in American history – saw his attempt to expand the Supreme Court become one of the most controversial episodes of his presidency.

History offers clear lessons about the consequences of governments attempting to dominate the judiciary. Once the independence of the courts is compromised and the balance of powers between branches of government is weakened, any leader risks being viewed as moving toward authoritarian rule.

— Kim Chae-yeon, Asia Today

The views expressed in this column are those of the author and do not necessarily reflect the position of the publication.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

March 4 (Asia Today) — South Korea’s prosecution service is facing criticism from legal experts after abandoning appeals in several major cases, including those involving President Lee Jae-myung and figures from the ruling party.

Legal analysts say the trend raises concerns about the erosion of prosecutorial independence amid pressure from the government and political circles.

Prosecutors declined to appeal the first-instance ruling in the Daejang-dong development corruption case involving President Lee in November last year. Reports later suggested that senior leadership at the Supreme Prosecutors’ Office overruled recommendations from the investigation and trial teams to pursue an appeal.

The decision also effectively halted efforts to recover approximately 780 billion won ($585 million) in alleged illicit profits from developers linked to the Daejang-dong project.

Prosecutors also chose not to appeal a similar case involving alleged corruption in the Wirye new town development project.

Appeal decisions have also drawn attention in other politically sensitive cases.

In the first-trial verdict related to the 2020 West Sea shooting of a South Korean fisheries official, prosecutors filed what observers described as a “partial appeal” against former National Security Office Director Seo Hoon and former Coast Guard Commissioner Kim Hong-hee.

In a separate case involving allegations of illegal political funding tied to former Democratic Party leader Song Young-gil, prosecutors did not file an appeal to the Supreme Court even after the appellate court overturned the earlier ruling and issued an acquittal.

Prosecutors also declined to appeal rulings involving current and former Democratic Party lawmakers connected to a National Assembly fast-track legislation dispute. Officials said the decision was based on a judgment that further appeals would have “limited practical benefit.” Prosecutors likewise did not appeal convictions involving lawmakers from the opposition People Power Party in the same case.

Under South Korean law, prosecutors are required to perform their duties independently. However, some legal experts argue that recent decisions suggest political pressure may be influencing prosecutorial discretion.

President Lee previously criticized prosecutors during a cabinet meeting in September last year, saying prosecutors sometimes file indictments even when cases lack legal grounds and pursue appeals after acquittals to avoid responsibility.

Lee also ordered an internal inspection after prosecutors staged a collective walkout during the trial of former Gyeonggi Province Vice Governor Lee Hwa-young.

Following those developments, lawmakers from the ruling party introduced legislation to revise disciplinary procedures for prosecutors and pushed for amendments to the Criminal Act aimed at punishing judges and prosecutors who intentionally distort legal interpretation or misjudge facts during investigations or trials.

The ruling party has also formed a parliamentary group advocating for the withdrawal of charges against President Lee and for a national investigation into what they claim were politically motivated indictments.

Cha Jin-ah, a professor at Korea University Law School, said prosecutors appear increasingly reluctant to challenge the administration.

“Prosecutors who might once have pursued investigations or maintained indictments against the government with conviction are now watching the political climate,” Cha said. “This risks subordinating prosecutorial decisions to political power.”

— 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=20260304010000994

March 4 (Asia Today) — South Korea’s Army has begun its 2026 reservist training program using advanced simulation and data systems designed to improve combat realism and tactical efficiency.

At a science-based reservist training center in Seoul’s Seocho district on Wednesday, reservists trained with the Multiple Integrated Laser Engagement System, known as MILES, which uses laser signals and sensors to determine hits during simulated combat.

When a reservist was struck during a mock urban battle exercise, the equipment immediately sounded an alert indicating the participant had been “killed,” demonstrating the system’s ability to provide instant and objective combat assessments.

The Army said the system replaces earlier exercises that relied heavily on instructor judgment. Instead, the equipment records hits and performance data in real time, allowing trainees to review their results and identify areas for improvement.

Officials say the new approach encourages a more participatory training model in which reservists track their own performance and refine their skills based on data.

Indoor firing range reduces noise complaints

The facility also includes an indoor shooting range equipped with advanced soundproofing designed to address long-standing noise complaints from nearby residents.

Army officials said the range is quiet enough that it is difficult to detect gunfire outside the building.

Transparent ballistic acrylic panels at each firing lane and automated fire-control systems were installed to improve safety. Reservists monitor their shooting results in real time on digital displays during training.

The Army said the technology helps transform the facility from a traditional military site into security infrastructure that can coexist more easily with surrounding communities.

VR simulations recreate urban battlefields

Reservists also trained in virtual reality simulations using a three-screen system that recreates realistic urban environments.

The scenarios include detailed digital models of locations such as Seocho Station and the COEX underground shopping mall in Seoul’s Gangnam district.

Participants wearing helmets equipped with spatial-recognition technology practiced navigating the terrain and conducting simulated urban combat operations without the constraints of real-world training space.

Smart systems streamline training process

An information and communications technology management system links multiple stages of the training process.

Reservists register by scanning identification cards when they arrive, after which smartwatches and kiosks connect them to a network that manages equipment distribution, firing exercises, tactical drills, evaluation and discharge.

The Army plans to expand the system to additional training facilities and introduce more simulation-based exercises.

Officials said 29 science-based reservist training centers have been built nationwide so far, including one scheduled for completion in Busan later this month.

New facilities are also planned this year in Mokpo, Daejeon, Chilgok, Yeongcheon and Andong. The Army ultimately plans to operate about 40 such centers nationwide.

Col. Park Hyun-gyu, head of the Army’s reservist training policy division, said the program aims to improve readiness while making training more efficient.

“The science-based system enhances training results while minimizing inconvenience for participants,” Park said. “It will strengthen the combat readiness of our reservists while creating a training environment that can coexist with local communities.”

— 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=20260304010001086

March 4 (Asia Today) — A series of legislative proposals by South Korea’s ruling Democratic Party has sparked debate over judicial independence, as critics argue the measures could affect ongoing criminal cases involving President Lee Jae-myung.

The legislation includes proposals to expand the Supreme Court, introduce constitutional review of court rulings and abolish the crime of breach of trust. Legal experts say the bills, combined with calls to drop certain prosecutions, raise concerns that lawmakers could influence judicial proceedings.

Five criminal cases involving Lee are currently paused while he serves as president. As the National Assembly moves forward with legal revisions, some members of the legal community warn the changes could intersect with those trials.

National Assembly inquiry targets prosecution investigations

According to political sources, the Democratic Party has launched a parliamentary committee seeking a national investigation into what it calls politically motivated prosecutions under the previous administration.

The committee plans to examine several high-profile cases involving political figures, including the Daejang-dong development case and allegations involving transfers of funds to North Korea.

Party officials have also urged prosecutors to withdraw indictments in cases involving Lee.

The move has prompted criticism from legal observers who say the National Assembly should not interfere in criminal proceedings.

Judicial reform bills move quickly through parliament

The Democratic Party has advanced three major judicial reform bills in recent weeks.

The legislation would expand the number of Supreme Court justices from 14 to 26, allow the Constitutional Court to review final court rulings through a judicial complaint system and introduce a new criminal offense for officials who deliberately misapply the law in judicial decisions or investigations.

Supporters say the reforms are aimed at addressing structural issues within the judiciary.

However, some legal analysts say the proposals could alter the balance of power within the court system and influence the legal environment surrounding ongoing cases.

Breach of trust law could affect corruption cases

Another proposal under discussion involves abolishing the criminal offense of breach of trust, which has been used in several major corruption investigations.

If the law were repealed, legal experts say it could affect cases related to development projects in Daejang-dong and Baekhyeon-dong as well as allegations involving misuse of a provincial government corporate credit card.

Under South Korean law, when a criminal statute is repealed after an alleged offense, courts may dismiss charges related to that statute.

Concerns raised over separation of powers

Some lawyers say the pace and scope of the legislative initiatives raise broader concerns about the balance between the legislative and judicial branches.

“The outcome of trials should be determined in court,” one attorney who previously served as a senior prosecutor said. “If lawmakers change laws in ways that directly affect ongoing cases, it raises questions about the separation of powers.”

Supporters of the legislation argue the reforms are necessary to improve accountability within the justice system.

Debate over the proposals is expected to continue as the National Assembly reviews the measures during the current parliamentary session.

— 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=20260305010001168

March 4 (UPI) — A Russian liquefied natural gas tanker sank in the Mediterranean Sea on Wednesday after catching fire from what Russian officials said was an attack by Ukrainian drones.

Libyan port officials said there were explosions on the ship and it ultimately erupted in flames between Libya and Malta. The tanker was carrying about 62,000 metric ton of liquefied natural gas.

Thirty crew members were rescued and no deaths have been reported, TASS Russian News Agency reports.

Ukraine‘s security service has not commented on the incident.

The Russian Transport Ministry said in a statement that the tanker was attacked by unmanned Ukrainian boats.

The tanker was about 130 nautical miles north of the Sirte, Libya, port when it sank. It departed from the port of Murmansk, Russia.

“We qualify what happened as an act of international terrorism and maritime piracy, a gross violation of the fundamental norms of international maritime law,” the Russian Transport Ministry said in a statement.

“Such criminal actions, carried out with the connivance of the authorities of European Union member states, must not remain without assessment by the international community.”

Russian President Vladimir Putin echoed the statement of the transport ministry, calling it a “terrorist attack.”

The ministry adds that the tanker was operating in “full compliance with all international regulations.”

March 4 (UPI) — NATO air and missile defenses intercepted a ballistic missile launched from Iran heading toward Turkish airspace on Wednesday.

The Turkish Ministry of National Defense announced that the ballistic missile had crossed Iraqi and Syrian airspace before being neutralized by NATO air defenses posted in the Mediterranean Sea. There were no casualties or injuries.

“Our resolve and capacity to ensure the security of our country and citizens are at the highest level,” the Ministry of Defense said in a press release translated from Turkish. “While Turkey supports regional stability and peace, it is capable of ensuring the security of its territory and citizens, regardless of who or where the threat comes from.”

The ministry did not say what it believed the intended target of the missile to be.

The Iranian missile is the first fired toward NATO territory since the conflict began. It followed a warning from Tehran that European countries supporting the United States and Israel would face retaliation from Iran.

Iran has launched missiles and drones toward countries in the Middle East that have a U.S. military presence in response to the U.S. and Israeli strikes on Iran.

“NATO stands firmly with all allies, including Turkey, as Iran continues its indiscriminate attacks across the region,” Allison Hart, NATO spokeswoman, said in a statement. “Our deterrence and defense posture remains strong across all domains, including when it comes to air and missile defense.”

After being intercepted, debris from the missile fell in the Turkish province Hatay in south-central Turkey near the Syrian border.

Turkish President Recep Tayyip Erdogan said in a social media post on Tuesday that he wishes to see a diplomatic solution to the ongoing conflict.

“We do not wish to witness conflict, war, tension and massacre right next door,” Erdogan said. “Our stance on the illegal attacks targeting Iran is also in this direction.

Finn Allen hits fastest century at a T20 World Cup as New Zealand crush South Africa by nine wickets to reach final.

New ⁠Zealand stormed into the Twenty20 World Cup final ⁠with a nine-wicket demolition of South Africa in ⁠the first semifinal at the Eden Gardens.

Put into bat, South Africa recovered ‌from a precarious 77-5 to post a competitive 169-8 after Marco Jansen led their recovery with a belligerent 55 not ⁠out.

Finn Allen smashed an ⁠unbeaten 100 off 33 balls, however, and shared a 117-run ⁠opening stand with Tim Seifert (58) as ⁠New Zealand romped ⁠to their target in only 12.5 overs.

Allen’s achievement was the fastest century scored at a T20 World Cup.

“We wanted to start well and put them on the back foot early,” Allen said. “It is easy for me when Tim [Seifert] is going like that. The way he batted got us off to an absolute flyer.

“It is easy in semifinals to stay up for the fight and with Tim [Seifert] we keep each other in it, and we enjoy it out there together.”

Earlier Jansen’s fifty came in response to Kiwis spinners Rachin Ravindra and Cole McConchie took two wickets each before Tristan Stubbs and Jansen put on 73 to rescue the innings at Kolkata’s Eden Gardens.

Stubbs (29) and Jansen, who hit two fours and five sixes in his 30-ball knock, helped set New Zealand a target of 170 to reach the final.

India successfully chased 196 against the West Indies on Sunday on the same ground.

South Africa were the only unbeaten team in the tournament, while New Zealand had edged into the semifinals on net run-rate.

McConchie struck first in the second over with his off-spin to send back Quinton De Kock for 10 and Ryan Rickelton next ball, but Dewald Brevis avoided the hat-trick.

Aiden Markram was reprieved on three when Ravindra dropped him at midwicket off pace bowler Lockie Ferguson.

Left-arm spinner Ravindra made amends when he had the South Africa captain caught in the deep by Daryl Mitchell for 18.

David Miller was dropped on three by Glenn Phillips but fell for six to Ravindra five balls later, with Mitchell again taking the catch at long-on.

South Africa had lost half their side in 10.2 overs when Jimmy Neesham cut short Brevis’s knock on 34.

Ferguson bowled Stubbs but Jansen hit him for six to reach his fifty.

Pace bowler Matt Henry, who arrived back only on Tuesday night after going home for the birth of his child, took 2-34.

The bowling figures for South Africa will be ones to quickly forget, as the figures to focus on – and the moment to remember – belonged to Allen.

“You take the positives from this game, celebrate little moments of success,” Allen added “Then we have a final to play on Sunday and we look forward to that.”

Defending champions India take on ‌twice champions England in the second semi-final in Mumbai ‌on ‌Thursday, ahead of Sunday’s final.

March 4 (UPI) — Venezuela state oil company Petróleos de Venezuela S.A. announced signing new contracts to supply crude oil and refined products for the U.S. market.

The agreements were signed with several international trading companies to ensure a stable flow of energy to refineries along the U.S. Gulf Coast, according to a statement from the company.

Although PDVSA did not disclose the names of the parties, the contracts add to existing operations involving major companies such as Chevron, which plans to increase exports to about 300,000 barrels per day this month.

PDVSA said the agreements maintain a “historic commercial relationship” with the United States and reaffirm the company’s “commitment to the stability of the international energy market.”.

The newly signed contracts mark the official return of Venezuelan crude to U.S. refineries after the United States captured former President Nicolás Maduro on Jan. 3.

The agreements were facilitated after the U.S. Treasury Department’s Office of Foreign Assets Control issued licenses, signaling significant changes in Washington’s licensing policy this year.

The authorizations allow U.S. entities to participate in lifting, transporting, storing and refining Venezuelan oil. The current regulatory framework favors companies from the United States and Western countries, while maintaining strict restrictions on entities from countries such as China, Russia and Iran.

In addition to Chevron, four other oil companies — BP, Eni, Shell and Repsol — have received authorization to resume operations and sign investment agreements in Venezuela.

In its statement, PDVSA reiterated the Venezuelan government’s call for the removal of sanctions on the country’s energy industry.

“The Venezuelan nation reiterates the need for a hydrocarbon industry free of sanctions in order to boost national production and strengthen international trade,” the company said.

Through these contracts, PDVSA aims to restore its position as a strategic supplier in a global market that continues to demand heavy crude, while Washington seeks to use Venezuelan oil to stabilize domestic fuel prices and reduce dependence on other suppliers.

During his State of the Union address, President Donald Trump highlighted the arrival of 80 million barrels of Venezuelan crude, describing Venezuela as a “new friend and partner” in energy cooperation.

U.S. Interior Secretary Doug Burgum visited Venezuela on Wednesday, marking a new step in the energy and diplomatic agenda between Washington and Caracas.

Since January, Burgum has led discussions with executives from Chevron, ExxonMobil and ConocoPhillips aimed at granting general licenses that would allow private operations in the country, local outlet Efecto Cocuyo reported.

The plan aligns with Trump’s “Energy Dominance” policy, a central strategy of the administration designed to position the United States as a global energy superpower.

Under the approach, U.S. companies would provide private capital without federal subsidies, while the government would guarantee security and stability for investments.

With England needing 43 from the last 18 balls to beat New Zealand on Friday, Will Jacks and Rehan Ahmed put on an unbeaten partnership of 44 from 16 balls to secure the win.

In the previous two games, England made a below-par 146-9 against Sri Lanka only to dismiss their co-hosts for 95 to secure victory, and were 58-4 against Pakistan before Brook himself hit a stunning century.

Those three victories followed a group stage where England struggled to beat Nepal, Scotland and Italy and were beaten by West Indies.

Their success also follows the dismal Ashes tour of Australia in Test cricket.

“I don’t believe we need a perfect game to win the competition,” said Brook, who is leading England for the first time at a World Cup.

“We’ve won those tight games which in World Cups prove to be very important and we’ve got a lot of confidence going into the deeper parts of the game.

“We’ve got a lot of competitive lads. Everybody wants to win, which is a given really, but even off the field when we’re playing golf, playing cards, whatever, everybody is always really competitive and they always have that slight edge and they take it out into the cricket as well.”

Brook said he expects Thursday’s atmosphere to be “awesome”, with the match to be played at the iconic Wankhede Stadium in front of 33,000 spectators.

England resisted naming an XI before the toss, but seam-bowling all-rounder Jamie Overton appears likely to replace leg-spinner Ahmed.

India were the overwhelming pre-tournament favourites but have also stuttered at times in the competition.

They were given a scare by the United States in the group stage and were well beaten by South Africa in the Super 8s.

“I said the other day there’s a lot of pressure on both sides, potentially more on them going into here with the crowd and the disappointment they had against South Africa as well,” Brook said.

“But we’re just going to go out there, stick to what we know and assess conditions as quickly as possible and give it real good fight.”

LONDON — Sherlock Holmes and James Moriarty are notorious literary foes, but in “Young Sherlock” the duo make the unlikeliest of friends. The Prime Video series premiering Wednesday reimagines the fictional detective’s early years as he investigates a murder case that originates at Oxford, where he first meets his eventual antagonist. Their relationship is the basis of the first season, and in the hands of actors Hero Fiennes Tiffin and Dónal Finn, it’s particularly electric.

“I was always interested in the Moriarty character because he’s a hugely iconic villain,” says showrunner Matthew Parkhill. Guy Ritchie, who directs and is an executive producer on the series, tapped him to expand on an idea for a show that revealed Sherlock’s evolution into the detective we know and love.

“He’s mentioned in four books, but he’s only ever in one,” Parkhill adds, speaking from London’s Rosewood Hotel during a press day in late February. “Why are these guys such great enemies? If a great friendship turns sour, it can become a great rivalry. But the story is basically going to be how this incredible friendship unravels.”

Tiffin, who previously worked with Ritchie in 2024’s “The Ministry of Ungentlemanly Warfare,” auditioned to play Sherlock while on vacation in Thailand. Parkhill responded to the “sense of innocence and wonder” Tiffin brought to the long-established character, who is 19 during the events of this season. After being cast, he did a series of chemistry reads with several actors up for Moriarty. Finn had been one of the last tapes Parkhill had watched, but the showrunner was immediately captivated by his “magnetism and intensity and charm.”

“Very quickly it became apparent that there was this energy and the chemistry they had together,” Parkhill says. “For me, they’re two sides of the same coin. What we’ll explore if we get to carry on even more is why one chooses one path and one chooses another. Dónal had a charm and these flashes of darkness.”

In “Young Sherlock,” Moriarty (Dónal Finn), left, and Sherlock (Hero Fiennes Tiffin) become friends at Oxford.

(Daniel Smith / Prime)

Both actors could feel it as well. “When Dónal came in within 2½ seconds I realized I need to bring my A-game because he was going to make me look bad otherwise,” says Tiffin, 28, speaking alongside Finn at the Rosewood later that day. “Once we started filming, we were on the same wavelength. We weren’t coming in and trying to go toe-to-toe and test each other, but we were collaborating and working towards the same goal.”

“The most dramatic version of this show was if an unstoppable force meets an immovable object and there’s an equality in what they do,” adds Finn, 30. “That required both of us to make each other look as good as we could.”

“Young Sherlock” is inspired by but not based on Andrew Lane’s “Young Sherlock Holmes” book series. Although it sees Ritchie returning to the world of Sir Arthur Conan Doyle, the show is not a prequel to the director’s 2009 film “Sherlock Holmes” nor its 2011 sequel, which starred Robert Downey Jr. as the titular character.

“This is a different universe,” Parkhill confirms. “They are cousins in terms of tone. But Guy’s not the same director he was when he made those. The things he was interested in exploring now were also different. But we wanted the show to have that same irreverence.”

He adds, “The most basic thing for me was: What makes him become this person? He’s on the cusp of trying to find his place in the world and his sense of self, which makes it an interesting period of his life to explore.”

“When Dónal came in within 2½ seconds I realized I need to bring my A-game because he was going to make me look bad otherwise,” says Tiffin, right, posing with Finn.

(Evelyn Freja / For The Times)

The eight-episode series opens with a flashback to Sherlock’s childhood, revealing the loss of his sister Beatrice. Her death has sent a ripple effect through his family — his mother, Cordelia (Natascha McElhone), is in an asylum and his father, Silas (Joseph Fiennes), has departed. Sherlock himself has been incarcerated, much to the dismay of his older brother Mycroft (Max Irons), a civil servant who pulls a few strings to get Sherlock out of prison. Sherlock accepts a job as a servant at Oxford, where he meets Moriarty. The pair investigate a murder at the university involving Princess Gulun Shou’an (Zine Tseng), which eventually is far more complex than they could have imagined.

“The plot has got to be clear enough that the audience can go on this journey with us, but difficult and mysterious enough that Sherlock doesn’t guess it straight away,” Finn says. “I have a great admiration for Matthew for managing that, and also giving each character a role to play in that journey.”

One of those characters is Silas, Sherlock’s adventuring father who doesn’t appear until the end of Episode 4. Parkhill approached Fiennes, Tiffin’s uncle, to play the role.

“When I sat down with Matthew, I thought, ‘Oh, God, is this a gimmicky thing of getting family members?’” says Fiennes in a separate interview. “But I quickly felt, ‘No, it’s not.’ It felt very natural and it’s a gift to play family members with family. Actors are always trying to research and unearth and unpack to get to that state, but we could walk on set and already have that.”

Tiffin and Fiennes hadn’t previously worked together, but they found a rhythm quickly when Fiennes arrived a few months into production in Wales. Episode 5, a chapter of the saga that pits Sherlock against his father and reckons with their history, felt like a real moment of collaboration.

Joseph Fiennes plays Sherlock Holmes’ father, Silas, in “Young Sherlock.” The actor is Tiffin’s uncle: “It felt very natural and it’s a gift to play family members with family.”

(Daniel Smith / Prime)

“We were four months into shooting, so I’d built this confidence up, and then Joe comes in and I shrunk back into the shell of myself,” Tiffin says. “I’d love to put it down to acting, but that’s definitely my relationship with Joe seeping through. It’s good because Silas has been absent in Sherlock’s life for a while, and Sherlock wants to please and impress him too.”

He describes an “unspoken, innate, really deep, almost inaccessible thing” between himself and his uncle. “When I opened the doors at the end of Episode 4 and see Joe, I’ve opened my front door at my parents’ house when he’s come over for dinner when I’m 6 years old,” Tiffin says.

Ritchie directed the first two episodes and then handed off the reins, but his signature style is infused through the series. It has a contemporary bent despite the 1870s setting, with modern music used as the soundtrack. It’s full of action and momentum, much like Ritchie’s “Sherlock Holmes” films, but here the character is still finding his footing. When we meet Sherlock, he’s not an established detective and he has no idea how to properly fight.

“I do have to admit from watching Robert Downey Jr. in Guy Ritchie’s movies, especially as a young boy, he was the epitome of cool,” Tiffin says. “So it was a complete surprise to me that my Sherlock was not just going to not be able to fight, but was terrible at defending himself. ”

Moriarty, however, is far better equipped, teaching Sherlock how to defend himself. Finn relished working with Ritchie, whose fight scenes are a signature of his work.

“They’re brilliant, but he knows that we see fight sequences every day and wants to make them special,” Finn says. “He knows how to sprinkle them with humor or to film them in a way you don’t expect.”

“I do have to admit from watching Robert Downey Jr. in Guy Ritchie’s movies, especially as a young boy, he was the epitome of cool,” says Tiffin about the “Sherlock Holmes” films.

(Evelyn Freja / For The Times)

“They’re also not one-dimensional,” Tiffin adds. “The fight always informs something. It’s never just two people fighting.”

Tiffin had a lot of previous iterations of Sherlock to draw from, as well as the novels themselves. He visited the Sherlock Holmes Museum in London ahead of shooting. He pulled from his longtime love of Downey’s portrayal, but he wanted to make the character his own.

“A big thing for us was making sure that our characters show signs of becoming the characters who are fully developed in Conan Doyle’s works,” he says. “They need to be close enough, but still have room to grow. Sherlock hasn’t been exposed to the hardships of the world yet, so he still has this youthful energy. If we get more seasons, we will see Sherlock lose that.”

There are fewer cinematic touchpoints for Moriarty, although Andrew Scott famously played him in the BBC’s adaptation alongside Benedict Cumberbatch. Finn had a photograph of Scott on his wall during drama school.

“It’s hard not to be inspired by what people have done before you, but you also have to draw the line somewhere,” Finn says. “And these aren’t iterations of the characters we’ve seen before. We have the opportunity to map out what events or what choices they make that shape the person we know.”

There are nods to the more established versions throughout the series, including Sherlock picking up his iconic hat in a shop and Moriarty rejecting it. Several of Sherlock’s famous lines from the novels are actually spoken first by Moriarty, who repeatedly emphasizes that he is not a sidekick but an equal.

“There are these great moments when these characters have left a mark on each other,” Finn says. “If you’re a fan of the Sherlock Holmes canon, you’ll notice them.”

“Its so fun and interesting planting those seeds,” Tiffin adds. “Not only is it fun to explore in our story, but it makes you understand Conan Doyle’s works in a different way and enriches that. Everything about the idea of Moriarty and Sherlock being enemies is enriched by the idea that they were once friends.”

“There are these great moments when these characters have left a mark on each other,” Finn says. “If you’re a fan of the Sherlock Holmes canon, you’ll notice them.”

(Evelyn Freja / For The Times)

There are a few glimmers of Moriarty’s future sensibility, although for the most part Sherlock and Moriarty remain steadfast pals. For Fiennes, this “bromance” is the heart of the story alongside the familial dynamic between Sherlock and Silas.

“You get these two incredibly intelligent misfits who are out of joint with the social world that they’re in,” Fiennes says. “Oxford, the mothership of intellect, is devoid of spirituality, and these two misfits have this spirit we love. We want to hang with them because of their mischievous nature. We know it will all come crashing down and feed into the characters we know later.”

“They are both looking for some sense of connection,” Finn adds. “And so it makes the friendship a really true friendship. It’s rare for both of these characters to feel that they find someone who is an intellectual match. It enriches the idea that when there is a rivalry it’s not just because of opposing moral views. What if it’s driven by revenge or heartbreak or betrayal?”

Parkhill has mapped out several potential future seasons of “Young Sherlock.” The finale concludes with a cliffhanger and a possible new mystery. The showrunner plans to take the show as far as 1887’s “A Study in Scarlet,” the first of Doyle’s novels, and then pass the baton back to literature.

“We will never go past that book, which psychologically gave me a freedom I needed to do this series,” Parkhill says. “We’re aware of the stories, but we used them as a playground in which to play instead of drawing from them directly.”

“We’ve shown signs of them eventually being able to become these more developed characters that Doyle established, but we need to document that journey,” Tiffin adds. “I will never feel complete until I can finish that journey and arrive at 221b Baker Street and meet John Watson and draw a line through the word ‘young.’”

March 3 (Asia Today) — The escalating conflict between the United States, Israel and Iran may not end quickly, and South Korea must prepare for the possibility of a prolonged crisis.

Iran’s Islamic Revolutionary Guard Corps has launched retaliatory strikes following U.S. and Israeli airstrikes. Tehran has moved to block the Strait of Hormuz, a chokepoint that handles roughly 20% of global seaborne crude oil shipments, and has fired missiles toward Gulf neighbors including the United Arab Emirates, Kuwait, Qatar and Bahrain.

Although U.S. and Israeli forces reportedly killed Iran’s supreme leader Ali Khamenei and senior military commanders in a surprise attack, it remains unclear whether the conflict will conclude swiftly as President Donald Trump has suggested.

Trump has framed the strikes as an effort to achieve regime change, urging the Iranian people to rise up against the country’s theocratic leadership. However, the situation differs markedly from past U.S. interventions. Achieving regime change solely through airstrikes on military and strategic targets is unlikely.

Richard Haass, president emeritus of the Council on Foreign Relations, has argued that history shows regime change is rarely accomplished without occupation. He also warned that with Khamenei dead, the most hardline elements within the current system could consolidate power.

David Ignatius of The Washington Post likewise cautioned that a U.S. attack on Iran would not be a “one and done” operation but could become a drawn-out conflict. He wrote that the president has a responsibility to explain the stakes and unpredictable risks to the American public.

Global financial markets have already reacted. Japan’s Nikkei index fell as much as 2.7% on Monday, while U.S. West Texas Intermediate crude futures briefly surged 13% to more than $75 per barrel. The Economist warned that oil prices could remain elevated even after the initial spike.

The magazine assessed that hardliners gaining influence in Tehran is more likely than a smooth regime transition. It cautioned that if Iranian forces target oil infrastructure in Gulf states such as Saudi Arabia, the United Arab Emirates or Kuwait, defending those facilities would prove difficult.

South Korea must assume the conflict could drag on. The economic shock would affect both financial markets and the real economy. When Russia invaded Ukraine in 2022, then-President Joe Biden released 4.4 million barrels per day from the U.S. strategic petroleum reserve, yet oil prices remained volatile. At the time, U.S. reserves stood at 570 million barrels; they now total about 415 million barrels.

The government should prepare for currency volatility and stock market declines. Surging oil prices and shipping costs, along with renewed supply chain disruptions, would pose significant medium- to long-term risks to production, investment and consumption in South Korea’s trade-dependent economy.

This crisis should not be viewed as a short-term event. Policymakers must respond with the understanding that the conflict could persist and plan accordingly.

— 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=20260302010000297

Los Angeles has a secret magic to which you have to earn access, and the way you earn it is by making it, becoming a contributor to the city’s misapprehended culture of spectacle and soul, diversity and monolithic elitism. It’s a get-in-where-you-fit-in or get-edged-all-the-way-out kind of city, wherein a deceptively laissez-faire game of musical chairs can determine your fate. Kahlil Joseph has a private magic to which you have to earn access, and you earn it by resonating with the untapped nerve centers of Black culture that animate this city, and even then you might be denied.

Joseph is like the city (Los Angeles, not Hollywood), and the city enforces confidentiality, drive, wit, style and devotion often mistaken for diva-ism. The filmmaker and video artist moved to Los Angeles from Seattle for university, and was quickly followed by his brother, the painter Noah Davis, who would found the Underground Museum, a venue and near-speakeasy with West Coast casual gravitas and pan-African rigor and breadth, which became as important to the zeitgeist of Black Los Angeles as both brothers have.

Movie still from Kahlil Joseph’s film “Blknws: Terms & Conditions.” Funmilayo Akechukwu (Kaneza Schaal) channels a 93-year-old W.E.B Dubois, 200 years in the past.

(Courtesy Rich Spirit / BLKNWS©)

In somewhat rapid succession, Joseph lost his father, Keven Davis, an accomplished attorney who represented the likes of the Williams sisters and Wynton Marsalis, in 2012, and his brother Noah in 2015. Joseph navigated those years in the wake with unadorned reverence, while starting a family of his own and directing some of the most transcendent music videos of the 2010s. As testament to his resilience and that of the community around him, grief sharpened Joseph’s purpose and became a kind of grace he transmuted into moving images so saturated with feeling, sans easy pathos, they offered new ways of seeing. The stakes were higher and layered with the existential absurdity of abrupt shifts, which he carried with an elegant, slightly seething temperament that has found its expression in the work. It’s relevant that he shares a birthday with Miles Davis — this is Los Angeles, where it’s customary for a person to request your cosmic DNA before asking your name — and it’s relevant that like Miles, Joseph’s vocal tone is whisper-pitched, toward the mode of retreat that begets echo; you lean in and hear him twice. His quiet tone is not shyness or false modesty but circumspection and a sense of boundaries that imply respect and love for real communication. You sense this in his work ethic and what it produces, an intimacy of form that implies an almost ritualistic attentiveness to the world around him on its own terms. In the 2012 Flying Lotus music video “Until the Quiet Comes,” directed by Joseph and set in Los Angeles, death and rebirth are addressed as a duet, companions in the expansion of collective consciousness instead of foils or adversaries, as a fallen child leaves his body and returns more alive than before he was bloodied on screen. And the violent scenes aren’t grotesque or didactic — think of Miles’ muted trumpet sound reconfigured as resurrection visuals, of his ability to play and stage ballads so well that their uptempo momentum moves into territories too macabre to mute. Like Miles, Joseph tests and stretches his range.

With the closure of the family-run Underground Museum, first in 2020 and then officially in 2022, the path uptempo was visited by more obstacles and disappointments, a shift, if temporary, in Joseph’s role in the local community, as he became more private and distant from public elegy. On the phone recently, Joseph and I discussed the trauma economy, how much of a trap it is for Black art and artists, especially in this post-BLM, post-Obama, post-neoliberal dominance, post-nonprofit industrial complex dominance territory we’re all in now, whether we face it or not. As antidote and balm to the market for repackaged abjection, Joseph adapted the sensibility that makes his music video landscapes so lush and transgressive for the art world with “Blknws,” which debuted in 2019 as an imagined syndication or television network, a nonlinear merger of digitized Black archival material pulled from the center to the margins and the radical academic avant-garde — an infinitely looping ensemble wherein Fred Moten enters into conversation with memes of ghetto-fabulous street gymnasts doing backflips into a fried chicken spot, for example, collapsing so-called high and low into an endless woodshed for an impossible concert.

The result was so compelling that the project was commissioned by A24 as a feature film sans script, then purchased from them by Rich Spirit and released last year as “Blknws: Terms & Conditions.” In this longer and more structured form, what began as an intentional scattering of ashes becomes an elegiac letter home mediated by shipwreck. Joseph weaves together an imaginary “Transatlantic Biennial” and W.E.B. Dubois’ “Encyclopedia Africana” — a project that Henry Louis Gates Jr. and Kwame Anthony Appiah transformed into a book, which Joseph’s father had given his brother before they passed. In this way, the film becomes a manifesto for alternate destinies within the Black experience, and a semi-formal goodbye letter to the delusional but politically expedient optimism of the 2010s, wherein the end of the neoliberal order becomes a gateway to renewed self-possession and agency. Since our grief is less of a ready-made commodity lately, we can reorient it around ourselves, a little safer and more sovereign from the gnawing public gaze. And we can be more honest about its paces and paths in that more autonomous landscape. “Blknws” arrives how a successful jazz album does, belligerently inconclusive about the next stylistic leaps the music might make but clearly in the process of launching in that unknown or unspeakable (perhaps secret) direction. The film is agitation made vivid and precise in the dialectic between theorized “Black Study” and practical applications of Black marronage, where we realize that big disembodied ideas are no more sophisticated than what can be danced and gestured at and spoken in our real and virtual conversations. Here, the multiverse becomes one transcendental, transatlantic consciousness where past and present, life and afterlife, blur the way they do in Joseph’s interpretation of “Until The Quiet Comes” to give us a film with a song-like hook and an album’s non-sequitur whimsy.

Movie still from Kahlil Joseph’s film “Blknws: Terms & Conditions.” The underwater study of Funmilayo Akechukwu (Kaneza Schaal) located in the hold of the ship.

(Courtesy Rich Spirit / BLKNWS©)

Over the last several months, I’ve discussed with Joseph what might become of the momentum propelling “Blknws: Terms & Conditions,” after the film’s run, as speculators enclose searching for clues and stake in his next project. He’s considered its potential evolution into a media company, a real paper, a production house, a series of related films, or a hybrid of all of these endeavors. Alongside his experience on all sides of the art world, he has an acute awareness of the wayward state of print and digital culture, writing and production, the constant closure or downsizing of veteran media outlets, the aftermath of diversity fever in the form of shrinking major magazines often starting with those who cover culture explicitly, the mass turn toward brand-name digital platforms that become extractive monopolies and diminish what can be covered and produced as writers and artists are overworked, understaffed and undervalued. Galleries are also closing and downsizing, and films that don’t oblige the content farm aren’t solicited as readily as influencer-helmed or easily digestible projects that can be played as background noise for scrolling.

After a screening last December of “Blknws: Terms & Conditions” at 2220 Arts + Archives, a space I co-curate, the rapt audience of local cinephiles seemed eager for some magic-bullet insight into Joseph’s path to creative breakthrough and relative creative freedom. Rather than hacks and shortcuts, he shouted out collaborators and inspirations — Wales Bonner, who hand-stitched garments for the film’s Ghana-based scenes; British composer Klein, who helped score the film; Joseph’s time in Brazil, where his father was from and where he went to high school. Sensibility and natural eclecticism, rather than unchecked ambition, is what propels Joseph; he has an innate knack for assembling bands and ensembles, good taste and good timing.

Kahlil Joseph with friends at the screening of “Blknws: Terms & Conditions.”

“I found the encyclopedia at the Underground,” he explains, of the DuBois work that became central to “Blknws.” “It seemed no one had looked through it, as if my dad and brother left it for me in the future.” And instead of ruminating on the weight of that inheritance, he integrates it into his film, whose refrain-as-question is do you remember the future? As if his father and brother are awake in some scenes, asking him to remember. Another resurrection. “I just want to make films,” Joseph reaffirms as a personal coda when the questions get too meta or abstract, never conflating the material conditions of the craft with the magical thinking that can unfold in scripts and on screen. Most everyone in attendance at 2220 seemed to be there to meet or support one of their favorite artists, one of the devout purists of our time who manages to remain that without getting smug, lazy or feral, all common pitfalls.

Last October, I gave Joseph a copy of Hemingway’s “A Moveable Feast,” which I’d just finished reading myself for the first time. I was impressed to the point of restlessness with the authority of Hemingway’s memory, his recall; it’s one of those books you wanna throw at the wall and absorb word for word at the same time. Hemingway seemed to effortlessly savor and store every detail of his days, while remaining agile and present enough within them to focus on writing one true thing after another, in his daily sessions at the typewriter, as if possessing two coterminal minds and the capacity to access or silence both at will. A juggler too advanced for the circus, language’s great folk hero. Joseph is kind of like this, capable of intense simultaneous focus on both creative and mundane tasks without complaint, and he took to the book as I expected he might, sharing my sense of awe over the writer’s command of time and scene. They are both among the artists who have a polite way of making those around them feel like a team and want to work a little harder and little less aggressively (more communally) at the same time. Editors at his post-production studio have come from all over the country to work with him based on that leadership.

Joseph’s next feature, he suggests, will certainly be more narrative, more of a linear beginning-middle-end story, more Hemingway-esque in its commitments to the blunt daily reality that “Blknws” blurs with Black myth. He and his family have sacrificed unquantifiably in effort to defy stale archetypes and outdated patterns of art practice, and it might be his time or turn to be reciprocated for having endured those risks, time to give his family unequivocal and vivid afterlives on and off screen.

March 3 (Asia Today) — Han Byung-do, floor leader of the Democratic Party of Korea, said Monday that his party will maintain an emergency legislative posture in March and convene plenary sessions every Thursday to advance key bills.

Speaking at a party strategy meeting, Han said the March session of the National Assembly begins Wednesday and that the party will focus on livelihood- and reform-related legislation to support President Lee Jae-myung’s policy agenda.

“We will operate all standing committees and hold plenary sessions every Thursday to ensure there is no shortage of bills ready for passage,” he said.

Han also addressed delays in passing an administrative integration bill, which has stalled amid disagreements with the opposition People Power Party.

He accused the conservative party of blocking the bill’s submission to the plenary session while claiming that the Democratic Party opposes integration of Daegu and North Gyeongsang Province. Han argued that integration efforts involving Daegu and North Gyeongsang as well as Daejeon and South Chungcheong Province should move forward together, calling administrative consolidation a “century-long national plan.”

Han criticized the People Power Party for staging a public march to the presidential office in protest of three judicial reform laws passed by the Democratic Party majority, including measures creating a crime of judicial distortion, allowing constitutional complaints against court rulings and expanding the number of Supreme Court justices.

“The march is not about judicial justice but about appealing to far-right street forces,” Han said. “Public sentiment lies not on the asphalt but in people’s everyday lives.”

He added that the party would work with the government to respond to what he described as a “global complex crisis” stemming from escalating tensions in the Middle East, including developments involving Iran.

“Rising oil prices and broader instability could affect the real economy, financial markets and security,” Han said. “We will closely monitor the situation with the government and seek to prevent excessive anxiety from spreading.”

— 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=20260303010000481

The ruling Democratic Party (DP) and the main opposition People Power Party (PPP) agreed Wednesday to pass a special U.S. investment bill without delay in consideration of the national interest, with a parliamentary vote expected on March 12.

The two sides reached the consensus during their talks at the National Assembly, agreeing to cooperate in passing the special bill to carry out Seoul’s investment pledges to Washington as part of a trade deal reached by the two countries last year, following tariff actions by U.S. President Donald Trump.

“We heard from the PPP side that they will complete the review of the special U.S. investment bill by March 9 as planned,” DP Rep. Cheon Jun-ho told reporters. “If things proceed as planned, the bill will be submitted and put to a vote during a parliamentary plenary session on March 12 at the latest.”

PPP Rep. Yoo Sang-beom said the agreement was reached under the understanding that the U.S. would expect the bill to be passed as scheduled given the “turbulent international situation stemming from the war between the U.S. and Iran.”

“The U.S. could take very strong retaliatory measures if the legislative process is delayed,” Yoo said. “We decided to process the bill after comprehensive consideration of the national interest.”

In January, Trump threatened to raise reciprocal tariffs on South Korean goods back to 25 percent from 15 percent, citing a delay in Seoul’s legislative process needed to move the trade deal forward.

Meanwhile, the rival parties failed to narrow differences at Wednesday’s meeting over proposed mergers between the central city of Daejeon and South Chungcheong Province, and another between Daegu and North Gyeongsang Province.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

March 3 (Asia Today) — South Korea’s Ministry of Science and ICT said Tuesday it has begun distributing graphics processing units to industry, academia and research institutions as part of a government push to expand domestic artificial intelligence capacity.

The ministry said it will supply about 4,000 GPUs starting this month from a pool of 10,000 units secured through last year’s supplementary budget. It selected recipients for the first batch and said the GPUs will be used to support 159 projects.

Under the initial allocation, 2,624 GPUs will go to universities and other academic institutions, 1,288 to industry and 312 to research institutes, the ministry said.

A previous call for proposals drew 514 applications. The ministry said the selected projects will be deployed immediately for AI research and development, including services and model development, based on expert evaluations of factors such as expected technological impact, societal impact and contribution to the domestic AI ecosystem.

The ministry said it will conduct periodic monitoring after allocation. If improper use is found, it said the GPUs could be reclaimed and reassigned to other users.

The ministry also said it plans an additional call for proposals later this month, including 4,000 GPUs for industry users such as small and midsize companies and startups and about 1,000 more for academia and research institutions.

In future rounds, the ministry said it will give greater consideration to applicants based outside the capital area and seek to prevent allocations from concentrating on specific companies or institutions.

Choi Dong-won, the ministry’s director general for AI infrastructure policy, said the GPU program is intended to serve as a catalyst for strengthening AI capabilities and expanding AI services, creating additional demand for infrastructure in a self-reinforcing cycle.

— 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=20260303010000523

March 3 (Asia Today) — Concerns about a potential “second oil shock” are spreading as tensions rise around the Strait of Hormuz, but Japanese analysts say a prolonged blockade is structurally unlikely because China and Iran would suffer the greatest damage.

The Strait of Hormuz, a strategic chokepoint through which roughly 20% of global seaborne crude oil passes, has effectively entered a state of disruption, rattling energy markets and financial investors.

However, Japan’s Sankei Shimbun reported Tuesday that a sustained closure would impose excessive costs on all parties involved.

The first factor is China. According to data from the U.S. Energy Information Administration, China accounts for the largest share of crude oil imports transiting the strait, about 30%. An estimated 40% to 50% of China’s total crude oil imports pass through Hormuz.

China’s strategic petroleum reserves are estimated to cover about 110 days of demand. With its economy already strained by a property downturn and youth unemployment, a prolonged surge in oil prices and supply disruptions could intensify pressure on manufacturing, inflation and exchange rates.

The second factor is Iran. While Tehran appears to hold leverage by controlling the strait, its economy depends heavily on oil exports. China has remained Iran’s primary buyer even under sanctions, accounting for roughly 90% of Iranian crude exports.

A long-term blockade would likely reduce export volumes and slash foreign currency earnings for Iran itself. Japanese financial officials were quoted as saying that maintaining a full blockade over an extended period would not be a rational choice. While it may serve as a short-term bargaining tool, a prolonged standoff could inflict serious damage on Iran’s economy.

The third variable is the United States. Since the shale boom, the United States has become the world’s largest crude oil producer. Only about 3% of U.S. crude imports pass through the Strait of Hormuz, meaning a blockade would not directly paralyze the U.S. economy. Although higher global oil prices could weigh on American consumers, analysts say it is unlikely to serve as a decisive strategic weapon against Washington.

Taken together, a prolonged blockade would amount to what analysts describe as an “asymmetric self-harm” strategy, imposing heavy political and economic costs on all sides. Short-term price spikes and volatility are possible, but sustaining such measures over time would be difficult.

Japan holds strategic petroleum reserves equivalent to more than 250 days of supply and says it has sufficient capacity to absorb short-term shocks. South Korea also maintains government and private stockpiles capable of covering several months of demand.

While rising oil prices would burden South Korea’s trade-dependent economy, energy experts say fears of an immediate physical supply cutoff may be overstated. They stress the need to distinguish between short-term price volatility and actual disruptions to physical supply.

— 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=20260303010000544

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