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Defense chief says North Korean mines breached armistice
SEOUL, September 29 (AJP) - South Korea's defense minister said Tuesday that North Korean mines found south of the inter-Korean border appeared to have been planted rather than washed into the area, vowing corresponding measures against Pyongyang.
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Seoul suspects Pyongyang of mine planting. So what now?
SEOUL, September 29 (AJP) - An expanded investigation by South Korea’s military and the United Nations Command on Tuesday uncovered a North Korean resin-bodied antipersonnel mine near the site of last week’s DMZ explosions.
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Robotics, AI, bio widen KOSDAQ IPO choices
SEOUL, September 29 (AJP) - South Korea’s IPO market is showing signs of life after a sluggish first half, offering investors looking beyond the chip boom new exposure to robotics, artificial intelligence and biotech on the junior KOSDAQ exchange.
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Seoul insists Ukraine requested POW secrecy
SEOUL, September 29 (AJP) - Ukraine had asked South Korea to keep the transfer of two captured North Korean soldiers secret, the South Korean government reiterated Tuesday.
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Samsung joins AI data center gold rush with $1 billion Helix bet
SEOUL, September 29 (AJP) -Samsung Group has joined the global AI data center gold rush by pledging $1 billion to infrastructure company Helix, expanding the South Korean chip powerhouse’s ambitions from supplying semiconductors to building and powering the facilities that run artificial intelligence.
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Korea's mortgage bomb ticks as market rates surge
SEOUL, September 29 (AJP) — Rapidly rising mortgage rates as domestic markets track a surge in U.S. Treasury yields are unnerving South Korean borrowers carrying more than $850 billion in housing debt and complicating the central bank’s fight against renewed inflationary pressure. Mortgage loans stood at 1,190.8 trillion won ($852 billion) at the end of June, accounting for about 63 percent of the country’s 1,891.3 trillion won in outstanding household loans, according to Bank
by Kim Yeon-jae
When history becomes a movie, what do viewers believe?
SEOUL, September 28 (AJP) - A South Korean title has returned to the top of the box-office rankings after a lengthy run by “Odyssey” and could become a social hot potato. “The Assassin(s),” directed by Hur Jin-ho, drew about 1.41 million moviegoers during the four-day holiday from Sept. 24 to 27. Its cumulative audience reached 1.57 million by Sunday. The reviews told a more complicated story. Early Monday, the film held a 92 percent CGV Egg Index and an 8.6
Samsung Q3 income to top $70 bn: consensus
SEOUL, September 29 (AJP) - Samsung Electronics is expected to extend its milestone-setting earnings streak in the quarter ended September, eyeing a three-month operating profit of more than 100 trillion won ($70 billion) as the global memory boom rolls on. A recent one-month consensus compiled by financial data provider FnGuide puts July-September operating profit at around 106 trillion won, topping the previous quarterly record of 89.5 trillion won set just three months earlier. Revenue is pr
South Korea's unequal starting lines for love and connection
SEOUL, September 28 (AJP) - Young South Koreans are becoming more homebound and even reclusive, and a new study points to an educational divide in their social connections in a society still heavily preoccupied with university diplomas. Young adults without a four-year university education and those from outside Seoul showed weaker social connections across several measures, according to a National Assembly Futures Institute (NAFI) study based on a nationwide survey of 5,185 people aged 19 to 3
