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Retail investors pour over 200 trillion won into stocks SEOUL, August 9 (AJP) - Individual investors poured money into the highly volatile stock market in recent months, with their net purchases exceeding 200 trillion won this year.
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Samsung steps up US hiring ahead of chip plant's launch in Texas SEOUL, August 9 (AJP) - Samsung Electronics is ramping up efforts to secure local talent for its semiconductor fab in Taylor, Texas, as it prepares to begin initial operations later this year.
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OpenAI delays Astra rollout as safety review flags potential cyber risks SEOUL, August 08 (AJP) - OpenAI has delayed the development and rollout of its next-generation artificial intelligence model, Astra, after internal safety testing indicated it could pose heightened cybersecurity risks due to its advanced coding capabilities. The company said on Saturday that Astra could qualify for its highest internal risk classification, "Critical," following preliminary safety
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Naver begins monetizing AI as Kakao prioritizes ecosystem over near-term revenue
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South Korea's Lee orders review of ISA, stock-price tax proposals after criticism
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South Korea scales back driving tests as heat wave intensifies SEOUL, August 08 (AJP) - South Korea has begun scaling back and suspending portions of its driver's license examinations as an intense heat wave continues to grip the country, prompting authorities to introduce emergency measures to protect test-takers and staff. The Korea Road Traffic Authority said on Saturday that driving skills tests would be concentrated in the cooler morning hours as heat wave war -
SK hynix clears nearly $40 bn fab budget despite glut worries SEOUL, August 07 (AJP) -SK hynix is pressing ahead with a 54.3 trillion won ($38 billion) expansion of its memory production empire even as its shares have more than halved from their June highs amid oversupply and peak concerns. -
Naver bets on AI factory, burns $700 million despite profit dent SEOUL, August 07 (AJP) -Naver is doubling down on an AI factory buildout despite the growing dent on its bottom line, while trying not to leave shareholders to foot the bill, retiring about 1 trillion won ($720 million) worth of treasury shares. -
US jobs test puts BOK August pause in focus SEOUL, August 07 (AJP) - Seoul's capital markets have slipped into a summer lull, leaving Friday's U.S. employment report as the most immediate test of whether the Bank of Korea can pause this month after restarting its tightening cycle in July.
ASIA Insight>
Can robots fill Korea's military ranks? SEOUL, August 07 (AJP) - Robots are emerging as a necessity rather than a choice for South Korea, which must defend one of the world's most heavily militarized borders with a rapidly thinning pool of young men. As birthrates collapse and the number of available conscripts shrinks, the question facing militaries such as South Korea's is no longer whether machines will join the ranks, but how much work they can take off human soldiers. For now, that does not mean robotic infantry chargin by Kim Hee-su
Kangaroo families become the new normal from Seoul to San Francisco
SEOUL, August 06 (AJP) - Suddenly, kangaroos seem to be multiplying around the world. Not in the Australian outback, but in family homes from South Korea to the United States, where growing numbers of young adults are delaying independence and staying in — or moving back to — their parents' houses as soaring housing costs outpace wages. The once-stigmatized "kangaroo family," in which adult children remain in the parental home, is increasingly becoming an economic nec
Visuals>
Today's Photo
Seoul zoo's special meal for a hungry monkey
Today's Photo
Seoul zoo's tiger gets special summer treat
AJP Focus>
How AI sees SK hynix's downfall — and where it goes next SEOUL, August 08 (AJP) - Ask two leading artificial-intelligence chatbots why SK hynix has lost more than half its value from its June peak, and they arrive at a remarkably similar conclusion: the company's business has not collapsed, but the price investors were willing to pay for its extraordinary AI-driven earnings has. AJP separately asked Anthropic's Claude and OpenAI's ChatGPT to examine SK hynix's rout in Seoul and New York, including trading flows following its Nasdaq d
Dormant debt market exposes non-chip Korean Inc. slump
SEOUL, August 06 (AJP) - Summer arrived early for South Korea's corporate debt market as only a handful of investment-grade issuers broke the drought amid rising borrowing costs and subdued investor demand, exposing the slump across much of non-chip Korean Inc. Public corporate bond issuance totaled 2.96 trillion won ($2.1 billion) in July, down 16.1 percent from June and 37.5 percent from a year earlier, according to the Korea Financial Investment Association. Only 11 issuers conducted boo
North Korea>
- South Korean military steps up vigilance after North Korea fires ballistic missile
- North Korea slams Japan's military buildup, accusing Tokyo of pursuing rearmament
- N. Korea threatens 'new level of deterrence' over S. Korea-led RIMPAC role
- North Korea slams US and allies for spreading 'false information' over IT workers
