AJU PRESS - ASIA NEWS HUB

Coupang overstretches into security front, stirring Korea-U.S. friction SEOUL, April 24 (AJP) - In a rare and uneasy convergence, a retail dispute has spilled into the security domain between Seoul and Washington, underscoring the growing political reach of Coupang, a New York-listed retailer whose business is almost entirely rooted in South Korea. According to lobbying disclosure reports filed with the U.S. Congress, Coupang spent a combined $1.785 million in the first qua
Icebreakers emerge as Korea's answer to Gulf risks SEOUL, April 24 (AJP) - The opening of Arctic shipping routes could solve multiple problems for South Korea, a country entirely dependent on crude imports, by cutting voyage distances by up to 30 percent and bypassing volatile Gulf waters. The question is how. South Korean shipbuilders are moving closer to an answer as they double down on icebreakers — specialized vessels designed to crush sea ice and k
Big-tech layoffs: a prelude to AI replacement? SEOUL, April 24 (AJP) - What has long been feared is beginning to take shape. From May 20, Meta plans to cut about 8,000 jobs — roughly 10 percent of its workforce — while leaving 6,000 roles unfilled, even as it raises capital spending to as much as $135 billion this year for AI data centers and infrastructure. “We’re starting to see projects that used to require big