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South Korea's Nuri rocket delivers 15 satellites to orbit
SEOUL, October 07 (AJP) - South Korea's homegrown Nuri rocket successfully carried 15 satellites into orbit Wednesday, completing its fifth flight and extending a run of successful launches that has become central to the country's effort to build an independent space industry.
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Homegrown satellite fleet opens new Korea's space era
SEOUL, October 07 (AJP) - South Korea's first working satellite constellation reached orbit Wednesday on the country's own Nuri rocket. A university lab and a private company built the small Earth-observation satellites and designed them from the start to fly on a Korean launcher.
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Hanwha moves toward driver's seat as Nuri completes fifth launch
SEOUL, October 07 (AJP) - South Korea’s fifth Nuri rocket lifted off on schedule and delivered its five main satellites into orbit, with Hanwha Aerospace quietly taking a growing share of the credit as the space program moves toward private-sector leadership. Nuri lifted off from the Naro Space Center in Goheung at 12:25 p.m. Wednesday and successfully placed all five main microsatellites into orbit. Nine
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South Korea defense chief wants to scrap military exemption program
SEOUL, October 07 (AJP) - South Korea’s defense minister said Wednesday the country should gradually scale back and ultimately abolish special military service arrangements for elite athletes and artists amid controversy fueling debate over fairness in the conscription system following the Asian Games.
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SK Energy, HD Hyundai Oilbank face cartel review
SEOUL, October 07 (AJP) - SK Energy and HD Hyundai Oilbank allegedly colluded on fuel prices for about four years, capitalizing on the energy instability from geopolitical developments, South Korea's Fair Trade Commission said Wednesday.
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LG Electronics Q3 profit up 13.5% on year, down 50.5% on quarter
SEOUL, October 07 (AJP) - LG Electronics kept up double-digit annual growth in the third quarter, although halved from from the April-June period, as the South Korean premium household appliance maker pushed its B2B business in vehicle electronics and coolants to ride on the AI boom, according to its disclosure Wednesday.
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Silver glitters: stocks lift wealth of the gray in Korea, U.S., Japan
SEOUL, October 07 (AJP) — Older generations on both sides of the Pacific — seemingly the last to have enjoyed an era of abundant liquidity and cheap borrowing — are benefiting from asset inflation, helping fuel consumer spending this year despite geopolitical risks and elevated interest rates. In South Korea, investors aged 60 and older accounted for 40 percent of individual investors’ domestic stock profits in the first half despite representing less than a third of tra
by Ryu Yuna
Once the buyer, now the suitor: AMD's Lisa Su due back in Korea
SEOUL, October 06 (AJP) - For decades, the semiconductor industry’s pecking order was relatively straightforward: chip designers and system companies called the shots, while memory makers competed to supply them. The artificial intelligence boom is starting to turn that relationship on its head. AMD Chair and CEO Lisa Su is due in South Korea this week, seven months after her previous visit in March, as the U.S. chipmaker seeks the advanced memory and manufacturing partnerships needed to
South Korea is a de facto abolitionist state – or is it?
SEOUL, October 07 (AJP) - Fifty-two people remain on death row, growing old under sentences the state has left unfulfilled for nearly three decades. Their average age is 58.7. Among them are serial killers Yoo Young-chul and Kang Ho-soon, who killed 20 and 10 people, respectively. As the World Day Against the Death Penalty approaches on Oct. 10, South Korea remains caught between its long suspension of executions and a public largely unwilling to abandon them. A September survey commissioned b
Are Korea's financial defenses ready for an AI hacker army?
SEOUL, October 06 (AJP) - The chain of security breaches has become a pratfall for South Korea's vaunted IT industry and digital banking sector, raising questions over whether their firewalls and other defenses are ready for hackers armed with autonomous AI agents. The attackers probed the sector's side doors — loan-broker lookup pages, staff support systems and other services outside the main customer-facing platforms. They kept testing until several gave way. At least six banks
Lisa Su gets a head start on Nvidia as AMD brings AI rivalry to Seoul
Can the Korean won stay resilient through year-end?
