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Can the Korea-U.S. alliance withstand a test of political trust? SEOUL, October 12 (AJP) - For all the assurances of an ironclad alliance and public displays of presidential rapport, South Korea-U.S. ties appear increasingly vulnerable to the whims of an American president who boasts about having a good relationship with North Korean leader Kim Jong-un.
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Foreign exodus deepens despite Korea's red-hot chip power SEOUL, October 12 (AJP) — South Korea’s KOSPI, the unrivalled best-performing major stock index in the first half, is among the worst performers in the second half after surrendering nearly half its earlier gains.
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Korea's early-October exports doubled from a year ago at fresh high SEOUL, October 12 (AJP) — South Korea's chip-led export sizzle remains robust, with outbound shipments doubling from a year earlier to $26.1 billion in the first 10 days of October, with chips filling nearly half of them.
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Earlier rate hikes preemptive, next moves data-dependent: BOK chief
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South Korea to tighten military service benefits for artists
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South Korea weighs lobbying registration and disclosure rules SEOUL, October 12 (AJP) - South Korea's Justice Ministry is reviewing a proposal to introduce a formal lobbyist registration system requiring individuals and organizations seeking to influence legislation to disclose their activities. -
Samsung, SK hynix to cover 80% of chip power grid costs in Honam: KEPCO SEOUL, October 12 (AJP) — Samsung Electronics and SK hynix would have to shoulder about 80 percent of the 1.4 trillion won ($1.05 billion) needed to build the initial power supply network for a major semiconductor manufacturing complex in South Korea's southwestern Honam region. -
North Korea fires multiple ballistic missiles: JCS SEOUL, October 12 (AJP) - North Korea fired multiple ballistic missiles from the Pyongyang area toward the East Sea on Monday morning, with at least one type traveling more than 900 kilometers, South Korea’s military said. -
Korea maps Artic shipping route but commercial viability in question SEOUL, October 12 (AJP) - South Korea’s first container ship to complete an Arctic round trip returned safely to Busan on Sunday, but failed to fill the empty containers, highlighting the commercial challenge behind the shipping milestone.
ASIA Insight>
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
AJP Focus>
Korea Inc.'s delinquencies simmer beneath the chip halo SEOUL, October 12 (AJP) — Strip away the chip halo and stress is deepening across corporate Korea, with overdue loans growing far faster than lending as elevated financing costs push vulnerable smaller companies closer to default. Delinquent corporate loans at domestic banks reached 10.1 trillion won ($7.6 billion) in the second quarter, more than triple the 2.9 trillion won recorded at the end of 2021, according to Bank of Korea data submitted to Democratic Party lawmaker Ahn Do-geol. O
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
