AJU PRESS - ASIA NEWS HUB

Samsung, SK to retire $14 bn worth shares to steady KOSPI after war shock SEOUL, March 10 (AJP) -South Korea’s two most influential corporate names unveiled more than 21 trillion won ($16 billion) worth of share retirements on Tuesday, a sweeping shareholder-return move that could help stabilize the country’s stock market after the Middle East war abruptly halted its record rally. Samsung Electronics said it will retire roughly 87 million treasury shares in the first half
USFK diverts air-defense assets to Middle East as Freedom Shield scales back SEOUL, March 10 (AJP) - The United States has redeployed portions of its air-defense architecture from South Korea to the Middle East as tensions with Iran escalate, coinciding with this year's scaled-back Freedom Shield (FS) joint exercise. According to reports from the Washington Post and real-time flight tracking data, the Pentagon has shifted elements of the Terminal High Altitude Area Defense (THAAD)
Weak won, Middle East risks weigh on Korean economy as Taiwan pulls ahead SEOUL, Mar 10 (AJP) — South Korea’s economy is increasingly lagging behind technology-driven regional peers such as Japan and Taiwan, weighed down by a structurally weak currency and fading industrial competitiveness — pressures that could deepen if the Middle East conflict drags on. According to the Bank of Korea (BOK) on Tuesday, South Korea’s GDP per capita stood at about $35,800 in 20