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Chey divorce ruling may speed up SK Siltron sale
SEOUL, July 24 (AJP) - SK Group's long-stalled sale of wafer maker SK Siltron may be back on track now that chairman Chey Tae-won owes his former wife 944 billion won, about $640 million at current rates, with a board meeting next week shaping up as the decision point.
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Korea faces 12.5% tariff under new U.S. Section 301
SEOUL, July 24 (AJP) -South Korean exports to the United States will effectively face a tariff floor of 12.5 percent under President Donald Trump's new Section 301 action targeting imports linked to forced labor, but Seoul avoided being placed in the blanket tariff category after Washington cited its bilateral trade agreement with Korea.
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Korea and U.S. launch shipbuilding center to drive MASGA
SEOUL, July 24 (AJP) -South Korea and the United States on Thursday launched a shipbuilding cooperation center in Washington to facilitate the planned US$150 billion investment in the U.S. shipbuilding sector that Seoul committed to under last year's bilateral trade and investment agreement.
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Washington keeps Seoul on FX watchlist, backs KRW stabilization actions
SEOUL, July 24 (AJP) -The United States kept South Korea on its currency monitoring list on Thursday, saying the country continued to run large external surpluses while acknowledging Seoul's intervention to curb excessive volatility in the won and its efforts to further liberalize the foreign exchange market.
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US ambassador to Korea to arrive in Seoul next week
SEOUL, July 24 (AJP) - The new United States ambassador to South Korea will leave for Seoul next week, ending a vacancy of about 18 months at the top of the American mission and putting a confirmed envoy on the ground just as the two governments try to turn a sweeping trade and investment deal into actual projects. Michelle Steel gave the timing Thursday (local time) in response to a question from Yonhap Ne
Asia's Gen Z do not wait for permission anymore
SEOUL, July 24 (AJP) - A canceled exam in New Delhi. A social media ban in Kathmandu. A housing allowance in Jakarta. A job quota in Dhaka. None of these, on its own, reads like the beginning of a national crisis. Yet each one sent hundreds of thousands of young people into the streets, and in two of those countries the government did not survive. Something has shifted in how Asia's youngest adults deal with power. The region's leaders are finding out the hard way. The latest lesson is
by Park Sae-jin
Borderline Koreans: too able to qualify, too slow to fit
SEOUL, July 22 (AJP) - It is 2 p.m., and the lunch rush has cleared at Youth Mungan, a kimchi stew shop in Seoul's southwestern neighborhood of Nakseongdae. A young man moves from table to table, spraying sanitizer and wiping every corner with meticulous care. "Customers sit here," Kim Ji-woo, 27, said sheepishly. "Wiping it perfectly clean puts my mind at ease." He clears plates, relays orders to the kitchen and folds used aprons neatly onto a rack. Closing the dining
Won breaks from yen as SK hynix dollar flows reshape FX outlook
SEOUL, July 24 (AJP) - "Excess volatility is undesirable." That identical message from the U.S. Treasury Department applied to both the South Korean won and Japanese yen in its latest semiannual currency report to Congress, even as it kept both countries on its monitoring list. Treasury said recent depreciation pressures were not in line with South Korea's strong economic fundamentals and reiterated that foreign-exchange intervention should be reserved only for episodes of excess
Trump's tariff maze keeps Korea guessing as another deadline looms
SEOUL, July 23 (AJP) - For U.S. trading partners—foes and allies alike—it has become nearly impossible to keep up with tariff rates during President Donald Trump’s second term. The levy on South Korean imports has swung from 25 percent to 10 percent, back toward 25 percent, down to 15 percent and then back again to 10 percent — all in little more than a year. The next number could be 12.5 percent. A temporary 10 percent U.S. surcharge on imports from South Korea and mo
Korean shipbuilders expand US partnerships in $150B cooperation push
Korean leaders meet Nvidia at San Francisco AI summit
Today's Photo
Gwanghwamun's Hangul signboard to be discussed
Today's Cut
Heat can't dim palace charm
