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Korea readies maiden Arctic voyage to chart new container route
SEOUL, August 03 (AJP) - South Korea is set to sail its first container ship from Busan to Rotterdam through Russian Arctic waters as early as this month, which will mark a milestone voyage that could reshape trade between Northeast Asia and Europe while offering an alternative route amid mounting geopolitical risks.
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Song Young-gil vows to stay in ruling party race despite regional setback
SEOUL, August 03 (AJP) - Six-term lawmaker Song Young-gil vowed to stay in the South Korean ruling Democratic Party leadership race until the end despite finishing a distant third in the opening weekend of regional voting, rejecting speculation that he would join forces with rival Kim Min-seok.
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Former Trump aide says AI can redefine Korea-U.S. alliance
SEOUL, August 03 (AJP) - South Korea's AI ambitions align with Washington's push to redefine the alliance beyond traditional security, as the two countries seek deeper cooperation in artificial intelligence, advanced manufacturing and economic security, a former White House national security official said.
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US, Japan vow to continue joint yen-supporting intervention
SEOUL, August 03 (AJP) -The United States and Japan vow to continue to intervene after admission of their intervention campaign last week to prop up the currency of the world's largest foreign holder of U.S. Treasuries, which resulted in propping the South Korean won and U.S. long-term Treasuries.
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US-Japan yen rescue puts 1,400 won back in play, bonds shrug
SEOUL, August 03 (AJP) - The blunt yen-defense campaign jointly mounted by Washington and Tokyo has fundamentally shifted the outlook for the Korean won, putting the psychologically important 1,400-per-dollar level back within reach after the currency spent much of the first half trading around 1,500. The same intervention, however, has offered little relief to Korea's sovereign bond market, where heavy government issuance and a hawkish Bank of Korea continue to outweigh improving global con
by Kim Yeon-jae
BTS' quiet Grammy boycott speaks volumes
SEOUL, July 31 (AJP) - It is hardly Grammy season, but BTS brought the awards debate into the middle of summer with a quiet boycott that produced loud repercussions. On July 29, all seven members of BTS posted the same message on their Instagram Stories within minutes of one another. There was no press conference, no statement from HYBE and no explanation beyond a few lines translated from Korean: they would not submit their comeback album, ARIRANG, for consideration at the 69th Grammy Awards.
HBM war enters new phase as Samsung chases SK hynix
SEOUL, August 03 (AJP) - SK hynix remained the clear leader in the game-changing high-bandwidth memory (HBM) market through the first half, but the second half could mark the beginning of a new phase as Samsung Electronics pushes aggressively to close the gap with next-generation HBM4. The rivalry came into sharper focus following the two companies' second-quarter earnings calls on July 29 and July 30, when South Korea's two memory giants used their outlook presentations to lay out comp
AI chip boom begins to warm South Korea's broader domestic front
SEOUL, July 31 (AJP) - Red-hot chip demand, which earned South Korea's two chipmakers 150 trillion won ($108 billion) in combined second-quarter operating profit — equivalent to about 6 percent of the country's entire 2025 nominal GDP — is beginning to warm the broader domestic front, with the AI boom spilling from exports into factories, construction sites and household spending. The latest government data suggest the country's semiconductor-driven expansion is no long
Seoul moves to emergency response as extreme heat spell hits capital region
Drone scare costs Korean frontline chief post
Today's Photo
Seoul Sizzles as Heat Wave Hits 37°C
Today's Photo
Seoul Station Crowds Peak in Holiday Season
