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Samsung, SK hynix wage next battle for AI memory leadership at FMS SEOUL, August 05 (AJP) - Samsung Electronics and SK hynix used the same stage at the Future of Memory and Storage (FMS) conference in Santa Clara this week to make two different arguments for who will shape artificial intelligence's next memory era.
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Korea fine drives Coupang to biggest loss since listing SEOUL, August 05 (AJP) -Coupang Inc. posted its largest quarterly operating loss since its 2021 New York listing after a record South Korean privacy fine pushed the company deeper into the red.
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Korea's FX reserves up marginally July on bond issuance and softer USD SEOUL, August 05 (AJP)- South Korea's foreign exchange reserves rose only marginally in July despite a record euro-denominated sovereign bond sale and favorable currency valuation effects, as foreign exchange operations and swaps with the National Pension Service offset much of the inflow.
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Cheap currencies bring two neighbors closer than ever
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AI windfall splits One-Samsung as DX workers plan protest rally
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Korea's property tax overhaul outline jolts Gangnam SEOUL, August 04 (AJP) - Gangnam's luxury apartment owners were left scrambling over whether to sell, move back into their homes or brace for sharply higher tax bills after the government unveiled a sweeping property tax overhaul that many residents described as bombshell. -
Seoul targets Central Asia minerals at first summit SEOUL, August 04 (AJP) - South Korea is within 40 days of hosting the leaders of all five Central Asian states for the first time, and the government spent Tuesday afternoon checking whether the deliverables it wants on energy and critical minerals will actually be ready. -
SK hynix and SanDisk unveil HBF Blueprint for AI terabyte era SEOUL, August 04 (AJP) - The artificial intelligence boom has a voracious appetite for memory, and the industry’s leading architects just released a new blueprint to keep it fed. -
UPDATE: Korea's July inflation under 3% for the first time in 3 months SEOUL, August 04 (AJP) - South Korea’s consumer inflation slowed to 2.8 percent in July, the first dip under 3 percent for the first time in three months on softer international energy prices coupled with weak domestic consumption, data showed Tuesday.
ASIA Insight>
From princesses to students, conscription makes a global comeback SEOUL, August 04 (AJP) - Wars in Ukraine and the Middle East, together with growing doubts about U.S. security guarantees, are driving a global revival of military conscription as governments conclude that technology alone cannot supply enough soldiers for a prolonged conflict. Royalty is no exception. Princess Isabella, second in line to the Danish throne, made international headlines on Monday when she reported to a military barracks in Slagelse to begin 11 months of military service, joinin by Kim Hee-su
US-Japan yen rescue puts 1,400 won back in play, bonds shrug
SEOUL, August 03 (AJP) - The blunt yen-defense campaign jointly mounted by Washington and Tokyo has fundamentally shifted the outlook for the Korean won, putting the psychologically important 1,400-per-dollar level back within reach after the currency spent much of the first half trading around 1,500. The same intervention, however, has offered little relief to Korea's sovereign bond market, where heavy government issuance and a hawkish Bank of Korea continue to outweigh improving global con
AJP Focus>
Odds of Korea's back-to-back rate hike fall on softer headline inflation SEOUL, Aug. 4 (AJP) — The surprising stall in South Korea's inflationary run in July has lowered expectations for a back-to-back interest-rate increase by the Bank of Korea this month, although policymakers remain wary of persistent underlying price pressures. Consumer prices rose 2.8 percent from a year earlier in July, slowing from 3.2 percent in June and falling below the 3 percent mark for the first time in three months. Core inflation, which Bank of Korea Gov. Shin Hyun-song has
HBM war enters new phase as Samsung chases SK hynix
SEOUL, August 03 (AJP) - SK hynix remained the clear leader in the game-changing high-bandwidth memory (HBM) market through the first half, but the second half could mark the beginning of a new phase as Samsung Electronics pushes aggressively to close the gap with next-generation HBM4. The rivalry came into sharper focus following the two companies' second-quarter earnings calls on July 29 and July 30, when South Korea's two memory giants used their outlook presentations to lay out comp
