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Trump downplays prospects of meeting North Korea's Kim during APEC
SEOUL, October 20 (AJP) -U.S. President Donald Trump is willing to sit down with his Chinese and Russian counterparts to discuss nuclear disarmament on the sidelines of November’s APEC summit in Shenzhen, China, but is uncertain whether his agenda will include a meeting with North Korean leader Kim Jong-un.
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South Korea still in $6.1 billion Swiss air defense race
SEOUL, October 19 (AJP) - South Korea remains a formidable candidate to supply Switzerland’s roughly 5 billion Swiss franc ($6.1 billion) second long-range air defense system, the Swiss defense ministry confirmed to AJP, denying that the contest has narrowed to a two-way race between French and Israeli suppliers. “Yes,” Switzerland’s Federal Department of Defence, Civil Protection and
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Investors question AI boom, but Samsung's feud over windfall deepens
SEOUL, October 19 (AJP) - Investors are moving on from Samsung Electronics amid quibbles over whether the AI boom is past its heyday, but inside the company employees are still fighting over their share of the profits it has already delivered. The simmering dispute has escalated into allegations of a physical confrontation between security personnel and a union leader representing disgruntled consumer elect
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Seoul's files complaint over USFK Brunson's DMZ remarks
SEOUL, October 19 (AJP) - South Korea has lodged complaint with Washington over U.S. Forces Korea Commander Gen. Xavier Brunson's remarks on the Demilitarized Zone (DMZ) and the U.S. has sympathized with its concerns, according to a government source Monday.
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Korea's growth could reach 3.6% this year: finance chief
SEOUL, October 19 (AJP) — South Korea's economy could grow around 3.5 percent, beating earlier government estimate of around 3 percent and helping to bolster growth potential, said finance minister Lee Hyung-il. "I would say 3.4, 3.5, or 3.6 percent," he told reporters .
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Celltrion eyes record Q4 operating profit
SEOUL, October 19 (AJP) - Celltrion aims to post an operating profit of more than 600 billion won ($450.7 million) in the fourth quarter, the South Korean biosimilar maker said Monday, after hitting every quarterly target it set for shareholders earlier this year.
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Indonesia's rout revives Asia's crisis ghosts, but risks diverge
SEOUL, October 19 (AJP) — Indonesia’s stock market rout has reawakened the spectre of Asia’s 1997 financial crisis, but the diverging fortunes of neighboring markets suggest the turmoil has yet to become contagious. Indonesia is confronting a crisis of market credibility. South Korea is reckoning with the price of its AI boom. Both face the pull of higher U.S. bond yields, but economists caution against mistaking simultaneous market stress for a repeat of the financial contagi
by Ryu Yuna
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
Korea's own children, still waiting to belong
SEOUL, October 19 (AJP) - High school senior Kim Min-jeong is like many other university applicants in South Korea — hopeful about what comes next and anxious about getting there. For relief, she turns to her favorite K-pop group, ATEEZ. Her face lights up as she talks about the band and shows off its dance moves to their latest hit "BAD." Her family history is something she has been taught to share less freely. “My mother always tells me, ‘Never tell other people
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
AJP Poll: BOK likely to hold this week, with rate peak seen at 3.50%
HD Hyundai, Anduril demonstrate autonomous naval vessel in US
