-
Chunmoo moves to the arms mainstream on the Balkan front
SEOUL, September 11 (AJP) - Croatia’s decision to buy 18 South Korean K239 Chunmoo multiple rocket launchers on top of its earlier order of HIMARS from the United States reflects a broader recalibration in the Western Balkans, where military modernization has accelerated since Russia’s invasion of Ukraine.
-
Central Asian leaders to gather in Seoul for inaugural summit
SEOUL, September 11 (AJP) - President Lee Jae Myung will host the inaugural South Korea-Central Asia Summit in Seoul next week, bringing together the leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan to discuss critical minerals, energy, artificial intelligence (AI), digital technology and infrastructure cooperation, Cheong Wa Dae said on Friday.
-
Korea pledges policy funds for Uzbek regional partnerships
SEOUL, September 11 (AJP) - South Korea will put state financing behind partnerships between its local governments and Uzbekistan's regions, Deputy Prime Minister Koo Yun-cheol told a forum in Seoul on Friday, five days before the city hosts South Korea's first summit with the five Central Asian nations.
-
Korea's fiscal red shrinks to a 5-year low on chip boom
SEOUL, September 11 (AJP) - South Korea's fiscal deficit thinned to a five-year low as of July as chip-driven corporate earnings and bigger employee bonuses along with brisk property and stock-market activity swelled tax receipts.
-
-
-
Recent missing-person cases cast shadow over Jeju tourism
SEOUL, September 11 (AJP) - Jeju was long celebrated as the "island of three absences," or Sammu in Korean, a traditional expression meaning there were no thieves, no beggars and no front gates because residents had little reason to fear one another.
In Korea's delivery republic, gratitude comes without the tip
SEOUL, September 11 (AJP) - Any homebody knows the small thrill — the doorbell, footsteps outside and finally the arrival of dinner, groceries or the sneakers you have been waiting weeks for. In South Korea's delivery republic, that moment is woven deeply into everyday life. Increasingly, some customers are finding small ways to acknowledge the people who make it possible, whether through an iced drink, a snack, an extra meal or simply a note saying thank you and ride safely. The ges
by Ryu Yuna
BOJ September hike view hardens across major houses
SEOUL, September 10 (AJP) — Expectations that the Bank of Japan (BOJ) will raise its policy rate this month have hardened across economists, markets and major financial houses, although some forecasters still favor an October move. A Reuters poll conducted from Sept. 1 to 8 showed 66 of 68 economists, or 97 percent, expecting the BOJ to raise its policy rate to 1.25 percent on Sept. 18. The figure was up sharply from 57 percent in the previous survey. The survey figure does not represent
AI comes at a price: $3,000 for a phone
SEOUL, September 11 (AJP) - Apple is ready for a strong comeback after losing loyal Korean consumers to Samsung's foldables, with the iPhone's first foldable form rolling out across Korea on Oct. 23. The appeal to lure back long-term iPhone users is apparent, if form had been the sole put-off. The sole damper is the starting price tag of 3.29 million won for the entry-level 256-gigabyte model and 5.09 million won for the top-end 2-terabyte iPhone Duo. Apple has again set the bar by pus
Chip boom: boon or curse for Korea's household debt?
SEOUL, September 10 (AJP) - The chip bonanza is not just lifting South Korea's nominal growth to levels unseen in decades. It is also pushing the household debt ratio toward an 11-year low as gross domestic product expands much faster than borrowing. The household debt-to-GDP ratio could fall toward 80 percent this year - or the lowest level since 79.2 percent in 2015 - if double-digit nominal growth of 15 to 20 percent is sustained in the second half. The ratio had already fallen to 85.3
FMs of South Korea, Iran hold phone talks as Hormuz deployment debate grows
Bank of Korea's AI rate-setters keep choosing not to decide
Today's Photo
Actress Lee Na-young attends photo call
Today's Photo
Actress Lee Na-young attends photo call
