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SK's Chey, ex-wife Roh fail to reach settlement in billion-dollar divorce battle
SEOUL, June 15 (AJP) - SK Group Chairman Chey Tae-won and his estranged wife Roh Soh-yeong failed to reach a settlement Monday in their closely watched billion-dollar divorce dispute, facing each other in court for the first time in more than two years. The Seoul High Court's family division held a second court-led mediation session at 2 p.m. as part of the remand trial ordered by the Supreme Court. Des
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Starbucks Korea staff to undergo history training after 'Tank Day' controversy
SEOUL, June 15 (AJP) - All employees of Starbucks Korea including its operator Shinsegae Group as well as other staff at its affiliates will undergo training to raise awareness of history and enhance social responsibility, the retail giant said Monday. The training is scheduled for Wednesday at its facility Shinsegae Namsan in central Seoul, where all Starbucks staff are expected to attend. It will include lect
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ASIA INSIGHT: End of 106-day war and beginning of new Middle East
How US-Iran End of War Changes World Order June 15, 2026 is highly likely to be recorded as a turning point in modern Middle Eastern history. On this day, US President Donald Trump announced that negotiations to end the war between the United States and Iran had reached a final settlement, which was officially confirmed by the Iranian government and the mediating nation, Pakistan. Both sides are scheduled to sign a memorandum of understanding on the end of the war in Switzerland on the 19th. Th
by Abe Kwak
The four tigers are back, and AI is their new factory
SEOUL, June 14 (AJP) -For two decades, Asia's economic hierarchy appeared settled. China was the factory of the world. Silicon Valley owned innovation. Europe consumed. Japan aged. And the original Four Asian Tigers — South Korea, Taiwan, Hong Kong and Singapore — were widely regarded as mature economies whose most consequential chapters were behind them. Then came artificial intelligence, and the entire map shifted. The greatest beneficiaries of the AI era are not, as many as
After Hormuz relief, KOSPI's next target is developed-market status
SEOUL, June 15 (AJP)-With the Gulf crisis moving toward resolution, South Korea's stock market faces next test: whether a chip-led rally can carry the KOSPI from one of the world's best-performing markets to a developed-market benchmark. Semiconductors can lift the index. They cannot, by themselves, make Korea a developed market. The KOSPI has surged 92.8 percent since end-2025, far outpacing Taiwan's 52.5 percent gain, Japan's 31.1 percent rise and the Dow's 6.5 percen
SpaceX IPO fever meets Starlink's reality check in Asia
SEOUL, June 12 (AJP) - SpaceX's record-shattering market debut is drawing fresh attention to Starlink, its satellite internet business, as investors look beyond rockets and Mars ambitions to identify the company's most important source of revenue. While SpaceX is best known for reusable rockets and the Starship program, analysts increasingly view Starlink as the company's financial engine. The low-Earth orbit satellite internet network has become SpaceX's largest business segmen
U.S.-Iran war nears formal end with June 19 signing
US declares a peace deal with Iran "complete", reopening of Hormuz
