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Trump's move to reduce military drills stirs debate in Seoul and Washington SEOUL, August 18 (AJP) - U.S. President Donald Trump's order last Sunday to "substantially" scale back a joint military exercise with South Korea has triggered political criticism on both sides of the Pacific.
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South Koreans turn to bank savings amid stock market swings SEOUL, August 18 (AJP) - South Koreans are moving more of their money into bank deposits as stocks tumble and higher interest rates make saving more attractive.
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Lee keeps wartime control plan as Trump cuts drills SEOUL, August 18 (AJP) - South Korea will take back wartime control of its own troops on schedule and accelerate work on a nuclear-powered submarine, President Lee Jae Myung said Tuesday.
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Seoul expects Trump message to lead to talks with Pyongyang
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Young workers hit hardest by job losses in AI-exposed industries
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SK hynix weighs options for California-based subsidiary amid rumors of US listing SEOUL, August 18 (AJP) - SK hynix appears to be considering various options to strengthen its U.S. subsidiary Solidigm amid growing rumors of a potential U.S. listing. -
Global regulators to share climate policies at Seoul conference next month SEOUL, August 18 (AJP) - Industry experts and regulators from global financial institutions will gather for a conference in Seoul hosted by the Financial Supervisory Service (FSS) next month. -
Race heats up for BOK deputy governor as incumbent steps down this week SEOUL, August 18 (AJP) - Park Jong-woo, a high-ranking official at the Bank of Korea who currently serves as an assistant governor, is emerging as a leading contender for the deputy governor post. -
Trump hints at prospects for talks with North Korea SEOUL, August 18 (AJP) - U.S. President Donald Trump said Monday that North Korean leader Kim Jong-un has responded to his overture for talks.
ASIA Insight>
MASGA gets liftoff with drones with Washington's push SEOUL, August 14 (AJP) - Washington's push to rebuild strategic industries at home while reducing dependence on China is creating new openings for South Korean companies in two seemingly different sectors: shipbuilding and drones. The latest U.S. moves point to a broader strategy of tapping production capacity from trusted allies where American industry cannot immediately meet demand, while using tariffs, investment and procurement rules to steer strategic supply chains away from China. Fo by Kim Hee-su
Why North Korean leader keeps putting his daughter in spotlight
SEOUL, August 14 (AJP) - In one of the world's most closed societies like North Korea, what matters may lie in what happens before a successor is ever named. For decades, the isolated country's hereditary Kim dynasty has shown that power is not simply passed down when the previous leader dies. It has to be prepared, groomed and carefully managed to prevent any chaos. That process now appears to be underway for current North Korean leader Kim Jong-un's daughter Ju-ae. In recent years
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Today's Photo
Extreme heat drives up vegetable prices
Today's Photo
Extreme heat drives up vegetable prices
AJP Focus>
Moody's raises growth forecast for South Korea, putting BOK in dilemma over rate hike SEOUL, August 18 (AJP) - Global ratings agency Moody's raised its growth forecast for South Korea to 3.5 percent in a report published last week. The stronger outlook could support another interest rate hike, although strong exports and already high borrowing costs may reduce the need for the Bank of Korea to raise rates again soon. The forecast also put South Korea's growth at 2.7 percent for next year. The 2026 forecast was 1 percentage point higher than Moody's 2.5 percent estima
Samsung, hynix literally 'people's stocks' with entries near 1 in 4 Koreans
SEOUL, August 15 (AJP) - Minority-shareholder entries at Samsung Electronics and SK hynix nearly doubled from a year earlier to 11.43 million at the end of June, a tally equivalent to about 22 percent of South Korea's population, underscoring how the first-half chip frenzy dramatically broadened ownership of the country's two memory giants. Minority shareholders held nearly seven out of every 10 shares in both chipmakers — 66.24 percent of Samsung Electronics and 67.98 percent of
North Korea>
- North Korean leader 'could reengage with Trump after US midterm elections'
- Pyongyang warns of 'new level of deterrent' against US.-South Korea drills
- N. Korea fires ballistic missile ahead of UFS, possible hypersonic weapon tested
- North Korea fires ballistic missile ahead of South Korea-US joint drills
