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Sejong's letters find a world of new readers
SEOUL, October 08 (AJP) - At Seoul’s must-visit Gwanghwamun Square, two imposing tenants loom over the crowds — one standing and one seated. The seated figure is Sejong the Great, the 15th-century monarch who gave Koreans their own alphabet.
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Korea's business dynasties put overseas study on the family syllabus
SEOUL, October 08 (AJP) - Samsung Electronics expects to have achieved what no other technology company has managed over the last three months, earning more than $80 billion in operating profit. SK hynix's $26.5 billion issue in July was the largest foreign ADR debut in U.S. history and Hyundai cars have long become a familiar presence on roads around the world.
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Samsung Elec shatters earnings record, OP at $80 billion
SEOUL, October 08 (AJP) - An unprecedentedly long crop year for memory makers under the AI windfall has fueled the red-hot earnings streak to new heights, pushing Samsung Electronics’ three-month operating profit above the 100 trillion won ($80.2 billion) milestone in the quarter ended September, according to the chipmaker’s earnings guidance Thursday.
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Korea's C/A second monthly high, quadrupled on year as of Aug
SEOUL, October 8 (AJP) —Unwaveringly robust chip demand fed the second-largest monthly current account surplus for South Korea in August, while Korean appetite for overseas debt was whetted by falling U.S. treasury and global bond prices, central bank data showed Thursday.
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Hyundai Rotem eyes Egypt hydrogen tram project
SEOUL, October 08 (AJP) - Hyundai Rotem has signed a memorandum of understanding with Egypt’s National Authority for Tunnels, or NAT, to explore supplying hydrogen-electric trams for Egypt’s new administrative city east of Cairo, the company said Thursday.
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Korean biopharma exports hit record as Europe outpaces US
SEOUL, October 08 (AJP) - South Korea's biopharmaceutical exports climbed 15.8 percent from a year earlier to a record $6.6 billion for the January to September period, propelled by surging shipments to Europe, the Ministry of Food and Drug Safety said Thursday.
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Hanwha joins Korea's reusable rocket push
SEOUL, October 08 (AJP) - Hanwha Aerospace has been selected as the system integrator for South Korea’s next-generation reusable launch vehicle, but its detailed responsibilities have yet to be finalized, a company official told AJP Thursday.
South Korea rethinks military privileges as medals collide with fairness
SEOUL, October 08 (AJP) - Military service has long been one of South Korea’s most unforgiving tests of fairness, with disputes over who serves and who does not capable of ending public careers. Now the government is revisiting a decades-old system that allows selected athletes and artists to pursue their careers instead of entering regular military service, as a shrinking recruitment pool adds urgency to longstanding questions over privilege. Defense Minister Kang Shin-chul told a parli
by Kim Hee-su
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
Samsung's staggering profit windfall masks deepening business imbalance
SEOUL, October 08 (AJP) - It all began humbly in 1975, with women in protective head coverings bent over workstations assembling integrated circuits for LED wristwatches. More than half a century later, Samsung Electronics has become the world’s largest vendor of memory chips powering everything from smartphones to sprawling AI data centers and turning factory output into profits on a scale unprecedented among the world's technology companies. The scale of that transformation is capt
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
U.S. bond yields above 5% tempt Korean investors, but buying slows
South Korea, Egypt elevate ties to strategic partnership
