-
South Korea bakes as 'life-threatening' heat warning debuts
SEOUL, July 12 (AJP)-Sweltering South Korea activated its highest-level heat alert on Sunday for the first time, as temperatures and heat indices surged to levels authorities described as life-threatening, marking the inaugural issuance of the newly created Heat Wave Emergency Warning.
-
K-delivery joins the must-do list for foreign visitors
SEOUL, July 12 (AJP) - Foreign visitors are no longer coming to South Korea simply to shop, sightsee and dine out. Increasingly, they are trying to live like locals, embracing everyday Korean culture by ordering fried chicken, coffee and late-night snacks through delivery apps.
-
SK hynix's blockbuster ADR to bolster Korea's growth and the won
SEOUL, July 12 (AJP) -Korean chipmakers are fastening inestment to expand next-generation semiconductor facilities in South Korea under a government-led initiative to cement the country's leadership in the AI era, a drive that is expected not only to reinforce economic growth but also provide rare support for the stubbornly weak won.
-
Seoul mulls nationwide sick pay program in H1 2027
SEOUL, July 12 (AJP) - South Korea plans to roll out a nationwide sick pay program in the second half of next year, extending income support to all eligible workers who are unable to work because of illness or injury outside the workplace, after four years of pilot projects that paid more than 20 billion won in benefits.
-
China imposes immediate ban on helium exports amid supply concerns
SEOUL, July 11 (AJP) - China has temporarily banned helium exports with immediate effect, tightening control over a key material used in semiconductor, display and other advanced manufacturing industries. The Ministry of Commerce and the General Administration of Customs announced the measure on Friday, saying it was imposed under provisions of China’s Foreign Trade Law. The two agencies did not disclose
-
North Korea says denuclearization should apply to U.S., allies before Pyongyang
SEOUL, July 11 (AJP) - North Korea on Saturday rejected renewed calls for the denuclearization of the Korean Peninsula, arguing that the concept should instead be applied first to the United States, its Asian allies and NATO members. In a statement carried by the state-run Korean Central News Agency, a spokesperson for North Korea's Foreign Ministry said calls by South Korea, the United States and Japan for Py
-
SK hynix ADRs jump 13% in Nasdaq debut as CEO vows AI leadership
SEOUL, July 11 (AJP) - SK hynix made a strong debut on the Nasdaq on Thursday, with its American depositary receipts closing more than 13 percent above their offering price on the first day of trading. The South Korean chipmaker’s ADRs opened at $170 on the Nasdaq, after being priced at $149. They rose as high as $177 during intraday trading before giving back some gains to close at $168.49, up about 13
Türkiye's NATO moment arrives, but the price of trust remains unpaid
SEOUL, July 09 (AJP) - For years, Türkiye occupied an uncomfortable place inside NATO: too important to expel, too difficult to embrace. It was the ally that bought a Russian air defense system over Washington’s objections. The country that refused to join Western sanctions against Moscow after Russia’s full-scale invasion of Ukraine. The state that could sell drones to Kyiv while keeping open channels to the Kremlin. The government whose president, Recep Tayyip Erdogan, jaile
by Lee Jung-woo
The missing ingredient in Korea's AI cake: a foundation model
SEOUL, July 08 (AJP) - "Seize this opportunity," Nvidia CEO Jensen Huang exclaimed during his visit to South Korea last month, calling the country one of the few capable of owning the entire AI stack — from energy and memory to data-center infrastructure, AI models and applications. Huang may have overrated Korea. By almost every measure, South Korea is among the world's most enthusiastic adopters of artificial intelligence. Yet one crucial ingredient remains missing: a hom
South Korea joins the world's new era of extreme summer
SEOUL, July 12 (AJP) — South Korea has officially entered what meteorologists increasingly describe as the era of extreme summer, with authorities activating the country's highest-ever heat alert for the first time as scorching temperatures spread well beyond their traditional hotspots. The Korea Meteorological Administration on Sunday issued its inaugural Heat Wave Emergency Warning for Pohang and Gyeongsan after apparent temperatures were forecast to exceed 38 degrees Celsius follo
Korea's rate hike to 2.75% in July seen unanimous in AJP poll
SEOUL, July 10 (AJP) - The Bank of Korea is expected to resume monetary tightening next week with its first interest-rate increase in three and a half years, according to an AJP survey of economists, with an overwhelming majority also expecting another rate hike before the end of the year. All 10 economists surveyed by AJP forecast the Monetary Policy Board will raise the benchmark interest rate by 25 basis points to 2.75 percent from 2.50 percent at its July 16 meeting, marking the central ban
Korean navy searches for missing sailor near NLL in East Sea
China, North Korea celebrate 65th anniversary of mutual defense treaty
