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Samsung's Lee visits Japan lab to advance AI chip packaging
SEOUL, November 01 (AJP) - Samsung Electronics Chairman Lee Jae-yong visited the company's advanced semiconductor packaging research facility in Japan on Sunday, underscoring efforts to strengthen chip technology and deepen cooperation with Japanese materials and equipment suppliers. Lee inspected Samsung's Advanced Package Lab (APL) in Yokohama, which officially opened on Sept. 8, and reviewed prog
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Korea's exports top $900 billion for first time on chip boom
SEOUL, November 01 (AJP) - South Korea's cumulative exports surpassed $900 billion for the first time in the January-October period, driven by surging semiconductor shipments, government data showed Sunday. Exports totaled $930 billion in the first 10 months of 2026, putting the country on track to reach the $1 trillion mark in November, according to the Ministry of Trade and Industry. October export
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Nearly 40% of middle-income Koreans saw earnings fall
SEOUL, November 01 (AJP) - Nearly four in 10 middle-income earners in South Korea saw their earnings decline in 2024, the highest proportion since the COVID-19 pandemic, government data showed Sunday. According to the National Data Agency's income mobility statistics, 38.9 percent of people in the middle income bracket in 2023 earned less from wages or businesses the following year, up from 35.1 percent
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Hanwha wins first U.S. Navy shipbuilding contract
SEOUL, October 31 (AJP) - Hanwha Defense USA, a subsidiary of South Korea's Hanwha Aerospace, has secured a $269 million contract to build a landing ship for the U.S. Navy and Marine Corps, marking its first U.S. Navy shipbuilding contract.
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North Korea's crypto theft industry under spotlight after Binance hack
SEOUL, October 31 (AJP) - North Korea's cryptocurrency hacking operations have emerged as a major source of foreign currency for the isolated regime, with a record $6.3 billion cyberattack on the world's largest cryptocurrency exchange drawing renewed attention to Pyongyang's growing reliance on digital theft to finance its weapons programs.
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Ukraine rules out diplomatic break with South Korea
SEOUL, October 31 (AJP) - Ukraine's Foreign Ministry has rejected speculation over a possible diplomatic rupture with South Korea, saying Kyiv remains committed to normalizing relations with Seoul amid tensions over the disclosure of the transfer of two North Korean prisoners of war.
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Lee rebukes criticism over frequent overseas trips
SEOUL, October 31 (AJP) - President Lee Jae Myung on Saturday fired back at opposition criticism over his frequent overseas trips, arguing that presidential visits abroad involve demanding schedules and should be judged by their diplomatic outcomes rather than their frequency.
US visa refusals raise concerns over bilateral alliance
SEOUL, October 29 (AJP) - The recent refusal of a U.S. visa to a senior South Korean lawmaker has raised fresh concerns about the bilateral alliance, with lawmakers across the political spectrum and a U.S. security expert offering sharply differing views on what the incident means for relations between the two allies. The controversy began on Wednesday when Rep. Jin Seong-joon of the ruling Democratic Party (DP), chairman of the National Assembly's National Defense Committee, disclosed that
by Lee Jung-woo
Guryong becomes no-man's land. What of those who called it home?
SEOUL, October 28 (AJP) - A shantytown, others may call it. For those who stayed as their neighbors moved away, Guryong Village was home — a place where lives had taken root, however fragile the walls around them. By dawn Wednesday, fire had consumed swaths of the settlement tucked into Seoul’s affluent Gangnam district. It took nearly 13 hours to put out the flames. What would become of the lives they had uprooted was far less certain. One man in his 70s had been asleep after taki
AI boom boosts Big Tech earnings, but rising costs raise questions
SEOUL, October 30 (AJP) - America's tech giants are seeing a surge in demand for artificial intelligence (AI) computing, with cloud businesses gaining momentum at Amazon, Alphabet and Microsoft. However, their massive spending on data centers and other infrastructure has raised questions about how quickly they can turn those investments into profits. The latest earnings from the three cloud providers, alongside Meta Platforms and chipmaker Intel, show how the AI boom is reshaping the techno
Samsung's HBM strides intensify AI memory race
SEOUL, October 29 (AJP) -The extraordinary third-quarter earnings of the world's three largest memory chipmakers suggest the artificial intelligence (AI) memory race is only heating up, with latecomer Samsung Electronics making rapid strides against frontrunner SK hynix and U.S. rival Micron Technology. The bigger question is how long the industry can sustain operating margins approaching 80 percent. The profitability is staggering. SK hynix delivered an operating margin of 79.7 percent in
Samsung hosts OpenAI's Sam Altman for AI strategy talks with 50 executives
Seoul, Washington, Tokyo reaffirm North Korea denuclearization goal
