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AI slowdown may put a damper but not dent in Korean HBM demand SEOUL, September 15 (AJP) - Shares of South Korea's chip bellwethers Samsung Electronics and SK hynix turned sharply lower this week amid a growing chorus among Big Tech companies and AI developers to moderate the pace of AI advances since that could mean less work for the memory giants.
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Asiana losing "OZ" code but mileage valid for 10 years under KAL wing SEOUL, September 15 (AJP) -Asiana Airlines will begin losing its “OZ” flight code in November as flights shift to Korean Air’s “KE,” but its mileage will remain valid for at least a decade after the carriers fully integrate in December, according to Korean Air and the antitrust regulator.
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AI may worsen capital concentration if left unchecked, BOK study SEOUL, Sept. 15 (AJP) — Eight out of 10 new jobs created through the rise of artificial intelligence were in South Korea’s capital region, suggesting the AI-driven economy could worsen regional concentration, a Bank of Korea study found Tuesday.
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Coupang creates outside security panel after record privacy fine
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Korea's M2 growth slows for first time this year in July
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South Korea's August terms of trade strongest ever SEOUL, September 15 (AJP) - South Korea's purchasing power from trade rose to its strongest level ever in August as soaring semiconductor prices more than offset renewed pressure from higher global oil prices. -
South Korea 3rd largest presence at Asian Games after Japan, China SEOUL, September 15 (AJP) -South Korea will field the third-largest athlete contingent at the 2026 Aichi-Nagoya Asian Games, behind host Japan and China, according to official Games Hub data. -
Fried-chicken chain bhc opens first store in Viet Nam SEOUL, September 15 (AJP) - South Korean fried-chicken chain bhc Chicken has opened its first store in Viet Nam, marking its entry into the Southeast Asian market and expanding its overseas presence to 10 countries. -
One in nine Koreans in 50s never married SEOUL, September 15 (AJP) - More than one in 10 people in South Korea in their 50s have never married, with the number more than tripling over the past decade as marriage becomes increasingly less universal among middle-aged adults.
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Korean Gen Z takes to streets to protest U.S. call for Hormuz support SEOUL, September 12 (AJP) - On most Saturdays, Gwanghwamun Square belongs to tourists, families, street performers and the assortment of political groups that regularly claim a patch of downtown Seoul for their causes. This Saturday brought another one: opposition to President Donald Trump’s repeated demands that South Korea help secure the Strait of Hormuz as the United States confronts Iran. Many in the crowd were not the veteran anti-American or progressive activists familiar from dem by Lee Jung-woo
In Korea's delivery republic, gratitude comes without the tip
SEOUL, September 11 (AJP) - Any homebody knows the small thrill — the doorbell, footsteps outside and finally the arrival of dinner, groceries or the sneakers you have been waiting weeks for. In South Korea's delivery republic, that moment is woven deeply into everyday life. Increasingly, some customers are finding small ways to acknowledge the people who make it possible, whether through an iced drink, a snack, an extra meal or simply a note saying thank you and ride safely. The ges
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Korea bond curve flattens as front-end yields hit multi-year highs SEOUL, Sept. 14 (AJP) — South Korea's government bond curve flattened further Monday as front-end yields climbed to multi-year highs while longer maturities retreated, sharpening expectations for a higher-for-longer tightening path ahead of this week's Federal Reserve and Bank of Japan meetings. The two-year Korean government bond yield ended at 3.932 percent and the three-year at 4.025 percent, their highest levels since Nov. 1, 2023. Longer maturities pulled back from Friday
AI comes at a price: $3,000 for a phone
SEOUL, September 11 (AJP) - Apple is ready for a strong comeback after losing loyal Korean consumers to Samsung's foldables, with the iPhone's first foldable form rolling out across Korea on Oct. 23. The appeal to lure back long-term iPhone users is apparent, if form had been the sole put-off. The sole damper is the starting price tag of 3.29 million won for the entry-level 256-gigabyte model and 5.09 million won for the top-end 2-terabyte iPhone Duo. Apple has again set the bar by pus
