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Korean chipmakers reassure they can stay ahead of CXMT SEOUL, October 16 (AJP) - South Korean chipmakers claim they are in a different league from ChangXin Memory Technologies (CXMT), an Anhui-based Chinese memory maker little known outside the industry until its spectacular Shanghai stock-market debut in July.
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Korea's battered ants broaden their bets but keep chips on the table SEOUL, October 16 (AJP) — The adage goes, “If you’re going through hell, keep going" and South Korea’s mom-and-pop investors are not ready to chicken out.
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Korea, U.S. hold first finance ministry-central bank 2+2 talks SEOUL, October 16 (AJP) — South Korean and U.S. finance and monetary authorities held their first four-way meeting in Thailand on Friday, discussing recent economic conditions and ways to strengthen bilateral economic and financial cooperation.
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UPDATE: Chip boom lifts Korea's factory jobs after 26-month slide
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OpenAI pitches AI cyber defense to breach-hit Korea
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Seoul weighs Cheonghae mission extension amid Hormuz concerns SEOUL, October 16 (AJP) - South Korea is considering extending its Cheonghae anti-piracy mission beyond December, but has yet to finalize the details, the defense ministry said Friday. -
Prosecutors press 30-year prison term for ex-president in appeals trial SEOUL, October 16 (AJP) - Prosecutors on Friday again sought a 30-year prison term for disgraced former President Yoon Suk Yeol in a separate appeals trial related to his botched martial law debacle in 2024. -
Samsung tops Asia brand ranking for third straight year SEOUL, October 16 (AJP) - Samsung ranked as Asia's most valuable corporate brand for a third straight year, holding off Apple and Nike in Nikkei Research's latest regional survey. -
Three Samsung products named among TIME's list of best inventions SEOUL, October 16 (AJP) - Three products from tech giant Samsung Electronics have been included in TIME magazine's list of the "Best Inventions" for this year.
ASIA Insight>
South Korea can help close AI divide: World Bank VP SEOUL, October 15 (AJP) - South Korea’s digital expertise, manufacturing strength and rapid modernization make it well placed to help narrow a global wealth divide that artificial intelligence could deepen, a senior World Bank executive said. “What we call Big AI is an ecosystem dominated by just a handful of advanced countries — not even all advanced countries — and a small number of global corporations,” said Kim Sangbu, the World Bank Group’s vice presiden by Lee Jung-woo
Ukraine war poses different stakes for South Korea, Japan
SEOUL, October 14 (AJP) - The Russia-Ukraine war is nearing the five-year mark with little sign of an exit, with both sides expanding attacks on energy infrastructure and extending the war’s repercussions to draw East Asian countries closer to the epicenter. Japan has entered a defense deal with war-engaged Ukraine to purchase battlefield-tested Ukrainian interceptor drones. South Korea is equally engaged with Kyiv but in the opposite direction — a diplomatic spat triggered by Ukrai
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Korean bonds join global safe-haven rally on equity rout SEOUL, October 15 (AJP) — An equity rout driven by concerns over AI overspending is steering investors toward government bonds in Seoul and other major markets despite stronger-than-expected U.S. inflation and the prospect of a prolonged monetary tightening cycle. The three-year Korean government bond yield closed Thursday 1.6 basis points lower at 3.867 percent, while the 10-year yield fell 6.8 basis points to 4.193 percent, its lowest since Aug. 5. The 20-year and 30-year yields droppe
Will Sejong make the FSC a backseat driver in Korean finance?
SEOUL, October 14 (AJP) - The Financial Services Commission (FSC) got its orders to move to Sejong on Tuesday. On Wednesday, it was running command in central Seoul against a hacking spree that has hit 16 financial companies, the kind of crisis that relocation will soon test. After second emergency response meeting held Wednesday at Government Complex Seoul, the FSC said intrusions had been confirmed across banks, savings banks, mutual finance, card and capital firms, peer-to-peer lenders and c
