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Aju Media launches AI-focused business channel as Korea pushes AI ambitions SEOUL, July 08 (AJP) - South Korean media company Aju Media Group launched what it described as the country's first television channel dedicated exclusively to artificial intelligence on Wednesday.
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Ants deserting the KOSDAQ nest for chip harvest SEOUL, July 08 (AJP) — The KOSDAQ has long been the playground of Korea's "ants," the moniker in Korea for retail investors, who dominate the country's junior stock market. Now the colony is on the move.
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Thousands brave monsoon rain to oppose military academy merger SEOUL, July 08 (AJP) - Monsoon rain did not stop about 2,000 gathering outside South Korea's National Assembly on Wednesday to oppose the government's plan to merge the country's elite military academies and relocate the Korea Military Academy from Seoul.
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Korea's record C/A surplus overshadowed by $31 bn foreign stock sell
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Incoming US ambassador to arrive in Seoul soon
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South Korea urges US to reconsider proposed tariffs over alleged forced-labor imports SEOUL, July 8 (AJP) - South Korea urged the U.S. earlier this week to reconsider its proposed tariffs on imports linked to forced labor, according to the Office of the United States Trade Representative (USTR). -
S.Korea's digital industry sales top $913 billion in 2024 SEOUL, July 08 (AJP) - South Korea's digital industry generated 1,378 trillion won ($913.6 billion) in sales in 2024, up 9.3 percent from a year earlier, as the rapid embrace of artificial intelligence reshaped the country's industrial landscape. -
Samsung Heavy Industries tops $10 billion in orders with new tanker deal SEOUL, July 8 (AJP) - Samsung Heavy Industries has secured an order for two additional crude oil tankers, bringing its cumulative orders this year above US$10 billion, the shipbuilder said on Wednesday. -
BTS-themed exhibition showcases Korean heritage at British Museum SEOUL, July 8 (AJP) - An exhibition featuring K-pop supergroup BTS and their fifth studio album "ARIRANG" opened in London this week in collaboration with The British Museum.
ASIA Insight>
The missing ingredient in Korea's AI cake: a foundation model SEOUL, July 08 (AJP) - "Seize this opportunity," Nvidia CEO Jensen Huang exclaimed during his visit to South Korea last month, calling the country one of the few capable of owning the entire AI stack — from energy and memory to data-center infrastructure, AI models and applications. Huang may have overrated Korea. By almost every measure, South Korea is among the world's most enthusiastic adopters of artificial intelligence. Yet one crucial ingredient remains missing: a hom by Kim Dong-young
Hormuz oil shock splits Asian industry in two
SEOUL, July 07 (AJP) - South Korea's factories just lived through the most violent oil shock in history, and the strange part is that the country posted record exports while it happened. The war in Iran and the closure of the Strait of Hormuz, the narrow waterway carrying about a fifth of the world's oil, did not hit Asian industry evenly in the first half of 2026. It split it. Semiconductors sailed through on artificial intelligence demand, automobiles took a glancing blow, and petroche
AJP Focus>
C/A data explains the mystery behind the stubbornly weak won SEOUL, July 08 (AJP) - The foreign-exchange formula used to be simple for South Korea. The current-account surplus set the tone for the Korean won against the U.S. dollar in the export-reliant economy. Strong exports bolstered the won, while a weaker won made Korean goods more competitive overseas. For foreign-exchange watchers, trade data mattered most. Not anymore. The Korean won has hovered around 1,500 per U.S. dollar since late last year. The dollar ended June at 1,549.4 won, compared w
The great shortfalls in the grand Honam chip project
SEOUL, July 07 (AJP) - The devil is in the details, and South Korea's mammoth plan to create a second chipmaking epicenter in the industrially neglected southwest is drawing skepticism not only because of its astronomical 800 trillion won ($523 billion) price tag, but also because of the critical shortfalls money alone cannot solve. Samsung Electronics and SK hynix have announced plans to build two next-generation fabs each in the Honam region, investing 400 trillion won apiece in what Pres
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National>
- Aju Media launches AI-focused business channel as Korea pushes AI ambitions
- South Korea urges US to reconsider proposed tariffs over alleged forced-labor imports
- Newly uncovered U.S. military report identifies Dokdo as part of Korea after WWII
- Election watchdog seeks to move ballots as protests over election disruptions continue
