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Korea's FX reserves hit four-year high in October amid chip boom SEOUL, November 04 (AJP) -South Korea's foreign exchange reserves rose to their highest level in more than four years in October amid a ballooning trade surplus driven by record chip export revenue, central bank data showed Wednesday.
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Life in a border village where even lunch requires military clearance PAJU, South Korea, November 3 (AJP) — Getting a table at a restaurant in this South Korean village takes more than a reservation. You must first submit your name, the names of everyone traveling with you and your car's license plate number for military clearance. Only after the restaurant confirms that the information has been submitted can the journey begin.
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Apple's chip-cost squeeze complicates Samsung showdown SEOUL, November 03 (AJP) - Apple’s stronger-than-expected September-quarter earnings showed iPhone demand holding up despite a global smartphone slump, but soaring memory chip prices are squeezing its margins.
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Korea, Türkiye expand nuclear, defense ties during Erdoğan state visit
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UPDATE: Inflation holds steady as price pressures persist
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KAI's first two FA-50M jets arrive in Malaysia SEOUL, November 3 (AJP) - South Korean aircraft maker Korea Aerospace Industries (KAI) said Monday that its first two FA-50M light combat aircraft had arrived at Malaysia's Kuantan Air Base. -
Toss files antitrust complaint against Naver SEOUL, November 03 (AJP) - Toss Place, the offline payment arm of South Korean fintech app Toss, has filed a complaint with the country's antitrust regulator. -
Korea opens first data factory to train humanoids SEOUL, November 03 (AJP) - South Korea's first facility built to mass-produce training data for two-legged humanoid robots opened Tuesday, the state-funded Korea Institute of Machinery and Materials (KIMM) said. -
Seoul defends DMZ warning shots in newly released UN letter SEOUL, November 03 (AJP) - South Korea defended its warning shots along the inter-Korean border as legitimate defensive measures in a letter to the United Nations Security Council.
ASIA Insight>
AI necessity draws Korean chipmakers closer to Japan SEOUL, November 02 (AJP) - History has often intruded on business between South Korea and Japan, two of Asia’s technology powerhouses. In 2019, a dispute over compensation for wartime forced labor spilled into semiconductor supply chains. Japan tightened export controls on critical chipmaking materials, and the two countries removed each other from lists of preferred trading partners. Since then, Korean manufacturers accelerated efforts to replace Japanese supplies with domestic products by Candice Kim
US visa refusals raise concerns over bilateral alliance
SEOUL, October 29 (AJP) - The recent refusal of a U.S. visa to a senior South Korean lawmaker has raised fresh concerns about the bilateral alliance, with lawmakers across the political spectrum and a U.S. security expert offering sharply differing views on what the incident means for relations between the two allies. The controversy began on Wednesday when Rep. Jin Seong-joon of the ruling Democratic Party (DP), chairman of the National Assembly's National Defense Committee, disclosed that
AJP Focus>
Korea's factory recovery broadens beyond chips – albeit uneven SEOUL, November 3 (AJP) — The AI revolution is moving at a speed that could make the Industrial Revolution look glacial. In South Korea, its shock waves are beginning to reach factory floors beyond the semiconductor cleanrooms that have long powered the country's industrial growth. Chips remain a pillar of Korean manufacturing and exports, but the AI investment boom is beginning to lift production in other industries. The spillover is becoming more visible, although the recovery remai
South Korean, Canadian experts discuss AI safety amid cyber threats
SEOUL, November 3 (AJP) - South Korea's push for stronger oversight of artificial intelligence (AI) gained fresh urgency on Tuesday as President Lee Jae Myung called for the establishment of a government-wide cybersecurity agency, while South Korean and Canadian experts gathered at the National Assembly to discuss international cooperation on AI safety and governance. A forum titled "Who Shapes the Future of AI?" was held in Seoul, bringing together academics, cybersecurity expert
