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Korea's trillion-dollar export boom carries an AI risk
SEOUL, November 02 (AJP) - South Korea is enjoying an export renaissance, approaching a $1 trillion annual milestone reached by only three other countries — China, the United States and Germany. Shipments have strengthened across categories from chips to cosmetics despite geopolitical tensions and an increasingly hostile trade environment.
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US House science chair urges stronger Korea ties to counter China
SEOUL, November 02 (AJP) - The United States and South Korea have never been closer industrial partners — from chips to space exploration and nuclear energy — and their cooperation can help counter China’s growing technological reach, the chairman of the U.S. House Science, Space, and Technology Committee told AJP.
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Korea's Lee pitches for record budget to drive AI-led growth
SEOUL, November 02 (AJP) - President Lee Jae Myung on Monday pitched South Korea’s largest-ever budget of 820.9 trillion won ($612.8 billion) for 2027 to accelerate the transition to artificial intelligence (AI) and modernize defense, channeling this year’s extraordinary chip windfall into stronger long-term growth.
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Nongshim's US unit sues for Trump tariff refunds
SEOUL, November 02 (AJP) - Nongshim's U.S. subsidiary has taken the U.S. government to court to claw back tariffs levied under President Donald Trump's emergency powers, the first major South Korean food maker to mount such a challenge.
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
Koreans aren't rushing to embrace homegrown weight-loss drug — yet
SEOUL, November 02 (AJP) - Weekly weight-loss injections have become common among appearance-conscious South Koreans, and a homegrown alternative has joined the ever-expanding market. Following a familiar path taken by Korean challengers in industries from cars to cosmetic injections, Hanmi Pharmaceutical is betting that a lower price can steal some Korean users from Novo Nordisk's Wegovy and Eli Lilly's Mounjaro. Hanmi's Eppe, or efpeglenatide, reached selected clinics on Oct. 29,
AI boom boosts Big Tech earnings, but rising costs raise questions
SEOUL, October 30 (AJP) - America's tech giants are seeing a surge in demand for artificial intelligence (AI) computing, with cloud businesses gaining momentum at Amazon, Alphabet and Microsoft. However, their massive spending on data centers and other infrastructure has raised questions about how quickly they can turn those investments into profits. The latest earnings from the three cloud providers, alongside Meta Platforms and chipmaker Intel, show how the AI boom is reshaping the techno
North Korea conducts 'major' weapons tests
Hanjin ownership battle brews ahead of Korean Air-Asiana merger
