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SK Siltron joins Doosan in $1.65 billion buyout
SEOUL, July 31 (AJP) -South Korea's Doosan Group will acquire a controlling stake in SK Siltron, the world's third-largest silicon wafer manufacturer, in a deal that reshapes the country's semiconductor supply chain.
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Coupang ordered to compensate consumers for data leak
SEOUL, July 31 (AJP) - South Korea's consumer watchdog on Friday ordered e-commerce giant Coupang to compensate victims of last year's massive data breach, marking the first decision to recognize the company's liability for damages resulting from the leak.
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Chip bonanza translates into tax bumper for Seoul
SEOUL, July 31 (AJP) -South Korea's stock boom, which saw the main index KOSPI double in the first half, has delivered an unexpected windfall for government coffers, lifting tax revenue by 33 trillion won ($23.8 billion) above last year's level.
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Won visits 9-month high on suspected Seoul-Tokyo intervention
SEOUL, July 31 (AJP) -The South Korean won briefly climbed to its strongest level against the dollar in nine months on Friday as traders speculated that Seoul and Tokyo had stepped into currency markets to head off yen carry-driven capital flight ahead of the Bank of Japan's policy decision.
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Foreign ownership in Korean shares rises despite record selloff
SEOUL, July 31 (AJP) -Foreign investors sold nearly 50 trillion won ($31.2 billion) worth of South Korean equities in June, yet their ownership of the market climbed to 36.4 percent — the highest in months — suggesting the six-month selling streak has been more a portfolio reshuffle than a broad retreat.
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.
by Joonha Yoo
Arrival of new US envoy presents fresh test for alliance
SEOUL, July 31 (AJP) - The arrival of a new U.S. ambassador to South Korea would, under ordinary circumstances, have been a routine moment in the long history of the bilateral relationship. He or she would present credentials, offer familiar words about friendship and cooperation, and begin the quiet work of diplomacy. But these may not be ordinary circumstances. Michael Steel's arrival on Thursday has drawn unusual attention here, not so much because she is another Korean-American envoy to
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
Chip boom fuels Samsung heyday, beggars its device business
SEOUL, July 30 (AJP) - A trophy child often comes at the expense of a sibling, and the "beggar-thy-family" concept can scarcely be better illustrated than by Samsung Electronics' second-quarter results. The South Korean technology behemoth reported that its Device Solutions (DS) semiconductor division generated an operating profit of 89.2 trillion won ($64.4 billion) on revenue of 127.5 trillion won in the second quarter, translating into a jaw-dropping operating margin of 70.0 pe
Korea's powerful prosecution loses core powers
Hanwha eyes third Poland K9 deal after $1 bn quarterly profit milestone
