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Spain's olive oil curbs threaten price relief for Korea
ZURICH, November 09 (AJP) -Spain, the world’s largest olive oil producer, has ordered mills to withhold about 188,000 metric tons of oil from the market to arrest falling prices — a move that could limit relief for South Korean buyers after years of sharply higher import costs.
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Lee seeks Uzbek Senate backing for summit deals
SEOUL, November 10 (AJP) - South Korea's president has asked the head of Uzbekistan's Senate on Monday to give legislative backing to agreements the two countries signed in September, which Seoul is counting on to diversify its supply of critical minerals.
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Korean biotechs pitch drug candidates at BIO-Europe
ZURICH, November 09 (AJP) - South Korean biotech firms opened talks with global drugmakers on Monday at BIO-Europe in Cologne, Germany, as the industry’s biggest dealmaking event in Europe got underway. No deals had been announced by Monday afternoon.
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Samsung, Hyundai Motor cozy up for physical AI
SEOUL, November 09 (AJP) - Samsung and Hyundai Motor Group, two of South Korea’s industrial flagships, are cozying up for the next phase of AI development as their partnership expands from chips and batteries into robotics and intelligent machines.
Won defies stock selloff as export dollars offer support
SEOUL, November 9 (AJP) — South Korea’s won strengthened alongside the Japanese yen Monday despite continued foreign selling of Korean equities as exporters’ dollar conversions helped cushion the currency against concerns over slowing AI investment. The divergence reflects two different forces: stock investors are reassessing future semiconductor earnings, while exporters are still converting dollars earned from strong overseas sales. The won closed daytime trading at 1,347.1
by Kim Yeon-jae
Is regulation best answer to Korea's teen social media addiction?
SEOUL, November 05 (AJP) - South Korea is mulling restrictions on children’s access to social media, joining a global push to shield young users from addictive feeds and harmful content. A country that once ordered teenagers off online games at midnight faces a déjà vu question over whether state intervention is the best answer. President Lee Jae Myung — himself an active social media user — instructed the Korea Media and Communications Commission (KMCC) at a Ca
Data center reckoning: A blessing in disguise for Korean chipmakers?
SEOUL, November 09 (AJP) - The foreign flight from Korean chip stocks over fears of slower U.S. data center construction need not spell the end of the AI fairy tale since power constraints unsettling investors could instead reward Korean chipmakers’ years of investment in energy efficiency, according to a semiconductor expert. Investors risk equating fewer new data centers with fewer memory orders, overlooking demand for upgrades at existing facilities, said Lee Jong-hwan, a professor of
US midterm lays bare Korean chipmakers' exposure to AI politics
SEOUL, November 06 (AJP) - A US midterm vote half a world away hit the Seoul bourse and its biggest chipmakers hardest. Foreign investors fled, and local players are split on whether this is excess panic or a rightful correction. SK hynix tumbled 10.76 percent Friday after 9.46 percent a day earlier after sweeping Democrat win became evident. Samsung Electronics lost 6.35 percent on top of Thursday's 7.57 percent retreat. They had been hammered even before the election results on concerns
