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Lee's comments on migrant workers stir debate
SEOUL, October 29 (AJP) - President Lee Jae Myung's remarks questioning the economic contributions of migrant workers and preferential support for multicultural families have sparked controversy in South Korea.
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Hanwha Solutions stays profitable as chemicals turn red
SEOUL, October 29 (AJP) - Hanwha Solutions swung to a third-quarter operating profit from a year-earlier loss on Thursday, as higher solar module sales in the United States outweighed a wider loss in its chemical business.
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South Korea offers clues to US tech boom, Fed chief says
SEOUL, October 29 (AJP) - Federal Reserve chair Kevin Warsh said he closely watches South Korea for signs of the U.S. technology investment boom, highlighting the country's role as a supplier to rapidly expanding American capital spending.
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
Fed pause buys BOK time, but domestic pressures persist
SEOUL, October 29 (AJP) - The South Korean won and government bonds rose on Thursday after the Federal Reserve struck a less hawkish tone, easing pressure on the Bank of Korea to keep interest rates high. However, resilient economic growth and persistent inflation left the door open for another rate hike. The won traded around 1,334 per dollar at about 11:30 a.m., stronger than Wednesday's daytime close of 1,337.7. Government bonds also rallied. The three-year yield fell 4.4 basis points t
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'
