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Seoul, Washington, Tokyo reaffirm North Korea denuclearization goal
SEOUL, October 31 (AJP) - South Korea, the United States and Japan reaffirmed their commitment to the complete denuclearization of North Korea and agreed to expand maritime and economic cooperation in the Pacific Arctic during trilateral talks in Atlanta on Friday (local time), amid heightened tensions following Pyongyang's latest ballistic missile launches.
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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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Battery makers ride storage boom amid AI jitters
SEOUL, October 30 (AJP) - Orders for the batteries that keep AI data centers running are still pouring into battery makers, even as investors question whether the artificial intelligence (AI) boom has swollen into a bubble.
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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
Ukraine rules out diplomatic break with South Korea
Lee rebukes criticism over frequent overseas trips
