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Cash-rich SK hynix spreads the AI bounty as it sees more to come SEOUL, October 28 (AJP) - Sitting on cash riches of 115 trillion won ($86.8 billion) from a record-setting earnings streak over the last six quarters, SK hynix is sharing its extraordinary AI dividends with shareholders and employees like no other company.
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Korea reaps AI harvest. What happens after the party? SEOUL, October 28 (AJP) - The AI harvest is here in South Korea, enriching chipmakers and equipment suppliers, rewarding shareholders and employees, and filling tax coffer.
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Families return to a quiet Itaewon alley with unanswered questions SEOUL, October 28 (AJP) - Tucked between the European-style cafes and bars of Itaewon, the alley remains in shadow even in daylight. About four meters wide and 40 meters long, it usually draws little more than passing foot traffic.
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LG Electronics' Q3 results show it too is riding the AI boom
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Samsung Electro-Mechanics Q3 more than doubles
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North Korean IPs scan Korean financial firms 4.4 million times SEOUL, October 28 (AJP) - Internet addresses traced to North Korea probed South Korean financial firms more than 4.4 million times starting Oct. 21, according to a notice financial authorities sent to the industry. -
S. Korea, US defense chiefs meet amid wartime command dispute SEOUL, October 28 (AJP) - South Korean Defense Minister Kang Shin-chul met U.S. Secretary of War Pete Hegseth for the first time in the Philippines on Wednesday, amid differences over the timing of transferring wartime operational control (OPCON) to Seoul. -
Korea's FX deposits stretch $14 billion September SEOUL, October 28 (AJP) — South Korea's resident foreign currency deposits at foreign exchange banks stretched by $14.09 billion in September on burgeoning dollar revenue for the Korean Inc. and bond proceeds ,central bank data showed Wednesday. -
Hoarding bans on urea, syringes to be lifted later this week SEOUL, October 28 (AJP) - South Korea will lift its temporary bans on hoarding diesel exhaust fluid, urea, syringes and medical needles later this week. After a meeting at the government complex in Seoul on Wednesday.
ASIA Insight>
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 by Joonha Yoo
Two Koreas return to UN after déjà vu DMZ mine crisis
SEOUL, October 27 (AJP) - South and North Korea have sent competing complaints to the United Nations Security Council over last month’s land mine explosion, reviving questions about what international diplomacy can achieve in a conflict still governed by a seven-decade-old armistice. The exchange also highlights a distinction between the Security Council’s diplomatic role and the military responsibilities of the United Nations Command (UNC). The 1953 Korean War Armistice Agreement
AJP Focus>
K-choppers struggle to lift off amid factory-floor constraints SEOUL, October 28 (AJP) - Rows of unfinished helicopters dotted Korea Aerospace Industries’ (KAI) rotary-wing assembly plant in Sacheon, their pale green and peach-colored bodies exposing the nuts and bolts of South Korea’s next defense ambition. Sacheon on South Korea’s southern coast is breeding the country’s next defense ambitions. The problem is they are missing a crucial element for liftoff. "We are currently focusing on mass production of the LAH, and we'
Korea Inc.'s stock-funded cash calls face a market reckoning
SEOUL, October 27 (AJP)— Retail investors borrowed money to buy stocks while Korean companies worked in reverse, using their shareholdings to raise cash. Both strategies came under pressure as stocks plunged and borrowing costs rose. For Korea Inc., one route was the price return swap (PRS), a financial arrangement that allows companies to raise funds while retaining potential gains from the underlying shares. The catch is that they also remain exposed to losses. Companies receive cash w
