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Apple's first foldable rekindles iPhone fever in South Korea SEOUL, October 23 (AJP) - Apple’s first foldable has finally arrived in South Korea, rekindling iPhone fans’ fading affection and drawing hundreds to stores to get their hands on the real thing — despite a price tag of more than 3 million won.
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Seoul mayor's acquittal puts presidential ambitions back in play SEOUL, October 23 (AJP) - Seoul Mayor Oh Se-hoon’s presidential ambitions gained fresh momentum Friday as an appeals court overturned a political funding conviction that had threatened to cut short his tenure and remove a potential standard-bearer for South Korea’s conservative opposition.
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AI boom may lift Korea's growth potential, BOK chief says SEOUL, October 23 (AJP) —South Korea may have to revisit its growth potential to better reflect the economy's newfound traction from AI boom, said Bank of Korea Governor Shin Hyun-song said Friday.
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South Korea's rain belt shifts north at accelerating pace
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POSCO CEO set to meet union in last-ditch push to end stalled wage talks
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South Korea proposes military talks with North to clarify MDL SEOUL, October 23 (AJP) - South Korea renewed its call for military talks with North Korea on Friday to clarify the Military Demarcation Line (MDL), restore military communication lines and prevent accidental border clashes. -
SK drops Solidigm IPO amid regulatory and shareholder pressure SEOUL, October 23 (AJP) - SK hynix has dropped plans to list its U.S. NAND flash subsidiary Solidigm amid pressure from South Korean regulators and minority shareholders over the potential erosion of shareholder value. -
Coupang ups U.S. political giving near 20% since Korea data breach SEOUL, October 23 (AJP) -Coupang’s U.S. political action committee stepped up fundraising and political donations following its massive data breach in South Korea, U.S. filings showed on Thursday. -
North Korea suspected of planting nearly 100 mines along DMZ SEOUL, October 23 (AJP) -North Korea has planted nearly one million land mines in the Demilitarized Zone (DMZ) over the last two years, the South Korea military reported during the parliamentary hearing period.
ASIA Insight>
AI halo may warm South Korean economy longer than expected SEOUL, October 23 (AJP) — The extraordinary AI windfall may be strong enough to lift South Korea’s long-term growth potential, suggesting the AI halo over Asia’s fourth-largest economy could be broader and longer-lasting than previously expected. Bank of Korea Governor Shin Hyun-song on Friday suggested the economy could be at an inflection point as the central bank prepares to reassess its underlying growth capacity. “I think this is a very important turning point,&rdq by Kim Yeon-jae
Korean chip bonuses spill over to competition
SEOUL, October 22 (AJP) - Chipmakers in South Korea and Taiwan keep a civil distance despite cutthroat competition to advance chip technology and recruit talent. But the extraordinary AI chip windfall has turned heads in Taiwan’s cleanrooms as workers watch their Korean counterparts collect lavish rewards from the industry’s newfound riches. Union officials at U.S. memory chipmaker Micron Technology’s Taoyuan operation began a 24-hour warning strike Thursday, pressing for a p
AJP Focus>
Korean stocks look cheap, but are they a good buy? SEOUL, October 23 (AJP) — South Korean stocks have moved back to the bargain corner after dominating the top shelf in the first half, but investors remain unconvinced they offer good value. The October crash has prompted the president to complain that Korean equities are too undervalued Korean equities. Investors, however, remain wary of how much the country’s chip earnings will be worth if global AI spending subsides. South Korea’s 12-month forward price-to-earnings ratio (P
BOK chief's inflation outlook hints rates unlikely to come down before '28
SEOUL, October 22 (AJP) - Bank of Korea Governor Shin Hyun-song on Thursday credited the board’s two successive summer rate hikes with helping cool inflation and steady currency and debt markets while signaling that rates won't likely come down before 2028. Speaking after the monetary policy board unanimously held the base rate at 3.00 percent, Shin described the pause as the payoff from acting early. The BOK raised rates by a quarter percentage point in both July and August after ho
