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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.
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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.
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Failed UAM demo exposes long road ahead for Korea's flying taxi SEOUL, July 15 (AJP) - South Korea's vision of launching urban air mobility services within two years suffered an awkward reality check Wednesday after the country's first public demonstration of a domestically developed air taxi failed to get off the ground.
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Seoul reaffirms 3% growth target, addresses high prices
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South Korea stays awash in cash, bolstering case for rate hike
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SK hynix shares rally on bullish Barclays report despite ADR premium SEOUL, July 15 (AJP) -Shares of SK hynix zoomed higher at the opening bell in Seoul on Wednesday, recovering from this week's earnings and valuation-driven selloff after a bullish report from Barclays reignited optimism over the AI memory cycle. -
Korea's youth and manufacturing hiring subdued despite June job recovery SEOUL, July 15 (AJP) - South Korea's youth and job-sensitive manufacturing and construction hiring remained subdued despite headline payroll increase in June, data showed Wednesday. -
Korea's import prices fall steepest in 3 years, chip exports still firm SEOUL, July 15 (AJP) - South Korea's import prices posted their steepest monthly decline since late 2022 in June as lower oil prices reduced import costs, while semiconductor exports remained resilient, Bank of Korea data showed Wednesday. -
Erdoğan calls July 15 resistance unparalleled in democratic history SEOUL, July 15 (AJP) - Turkish President Recep Tayyip Erdoğan said the popular resistance that defeated the July 15, 2016 coup attempt stands unmatched in the history of world democracy.
AJP Briefing>
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KOSPI climbs back above 7,000 as foreign investors snap up semiconductor shares
- Lee orders swift measures for single-stock leveraged ETFs amid market volatility
- Samsung unveils Flex Titanium technology after Fold 8 leak sparks buzz
- Seoul stocks soar as cooling U.S. inflation, chip optimism fuel broad rally
ASIA Insight>
Why Middle East conflict remains stuck after nearly five months SEOUL, July 13 (AJP) - About five months have passed, yet the end of the conflict in the Middle East remains nowhere in sight. Fighting has appeared close to stopping several times, only to break out again. Negotiations are underway, but renewed military clashes have left the prospects for a resolution increasingly uncertain. U.S. President Donald Trump continues to criticize Iran, calling it "scum," while Tehran has responded with increasingly hostile rhetoric. Even if an agreement i by Lee Hugh
Türkiye's NATO moment arrives, but the price of trust remains unpaid
SEOUL, July 09 (AJP) - For years, Türkiye occupied an uncomfortable place inside NATO: too important to expel, too difficult to embrace. It was the ally that bought a Russian air defense system over Washington’s objections. The country that refused to join Western sanctions against Moscow after Russia’s full-scale invasion of Ukraine. The state that could sell drones to Kyiv while keeping open channels to the Kremlin. The government whose president, Recep Tayyip Erdogan, jaile
AJP Focus>
A cartel ingredient behind Korea's sticky prices SEOUL, July 15 (AJP) - Even before the war in the Middle East reignited fears over higher food and fuel costs, South Koreans had grown accustomed to paying more at the checkout. Wars, supply-chain disruptions and inflation became familiar explanations every time prices climbed. Now, a wave of antitrust investigations suggests another force was also at work much closer to home. Regulators say some of the country's biggest food and fuel suppliers had been coordinating prices instead of co
Homeplus goes dark, exposing the cost of Korea's biggest retail buyout
SEOUL, July 14 (AJP) - Homeplus, once South Korea's second-largest hypermarket chain and a symbol of the country's modern retail boom, switched off the lights across its remaining stores on Monday after running out of cash, leaving roughly 12,000 employees, hundreds of suppliers and thousands of shopping mall tenants caught in what is becoming Korea's biggest retail collapse in decades. The nationwide shutdown marks the dramatic end of a company that once challenged E-mart for indus
Market>
- KOSPI climbs back above 7,000 as foreign investors snap up semiconductor shares
- Lee orders swift measures for single-stock leveraged ETFs amid market volatility
- Seoul stocks soar as cooling U.S. inflation, chip optimism fuel broad rally
- SK hynix shares rally on bullish Barclays report despite ADR premium
