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TSMC lifts forecasts as AI demand cools peak fears
SEOUL, July 17 (AJP) - TSMC reported record second-quarter earnings and raised its annual revenue and capital spending forecasts, signaling confidence that artificial intelligence demand will keep powering the chip industry and tempering fears that the AI boom is nearing a peak. The world's largest contract chipmaker said Thursday that net profit for the April to June
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Chey urges patience on SK hynix as AI demand set to surge
SEOUL, July 17 (AJP) - Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI), said that investors in SK hynix would be wiser to hold their shares than to trade them, arguing that memory chips remain indispensable to the artificial intelligence boom.
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US caps foreign student visas at four years in sweeping overhaul
SEOUL, July 17 (AJP) - The United States will limit foreign students, exchange visitors and journalists to fixed periods of stay under a sweeping rule finalized by the Department of Homeland Security, ending a decades-old system that let them remain as long as they kept up their studies or work. Under the rule, students on F visas and exchange visitors on J visas will be admitted for
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Seoul halts new single-stock leveraged products amid volatility
SEOUL, July 16 (AJP) - South Korea will temporarily halt new listings of single-stock leveraged products and ban advertising for existing ones, tightening regulations after their rapid growth raised concerns that they could amplify market swings in the country's semiconductor-heavy stock market.
Seoul, one of Asia's richest cities, leaves one village behind
SEOUL, July 15 (AJP) - The journey takes barely two minutes. Yangjae-daero, a six-lane boulevard cutting through southern Seoul, is little more than another busy artery carrying commuters toward Gangnam's gleaming office towers and luxury apartment complexes. Thousands cross it every day without giving the road a second thought. Yet few roads in South Korea separate two different economic realities more starkly. On one side stand apartment towers where homes now sell for more than
by Han Jun-gu and Joonha Yoo
A very Korean dream hatched in the country's most unlikely place
SEOUL, July 15 (AJP) - Before Cheon Young-hwan tells visitors about Guryong Village, he tells them about his sons. Forty years ago, he walked down the hill from the cluster of shacks where his family had settled after being displaced by Seoul's redevelopment drive and knocked on the door of a stranger living across Yangjae-daero. He was not asking for money. Nor was he asking for food. He was asking to borrow an address. Without one, his two boys could not enroll in school. "I beg
Former K-pop idols face tough job market once spotlight fades
SEOUL, July 16 (AJP) - K-pop's global rise has drawn a steady stream of young people hoping to become idols. But rising to stardom is only part of the story. When groups disband or contracts expire, many former performers must enter a job market where years of training and stage experience do not fit neatly into a conventional resume. They also face a difficult employment climate. As of February 2026, South Korea's employment rate for people aged 15 to 29 stood at 43.3 percent, down for
Seoul aims for AI's top two, plans nationwide model this year
SEOUL, July 16 (AJP) - South Korea's technology chief announced the country would push to break into the world's top two artificial-intelligence powers, buoyed by an international assessment ranking it third, and vowed to build a frontier model rivalling those Washington now guards as strategic weapons. Bae Kyung-hoon, Deputy Prime Minister and Minister of Science and ICT, told a presidential briefing on Thursday at the Cheong Wa Dae that a second round of model evaluations due in Augus
