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Alaska LNG steals the show as Trump sells Korea deal at home SEOUL, October 01 (AJP) - South Korea and the United States have finally put multibillion-dollar price tags on the energy ventures underpinning Seoul’s investment pledge in return for tariff relief - $120 billion for eight nuclear reactors and $22.3 billion for a South Texas power project.
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Korea's reactor comes full circle in America SEOUL, October 01 (AJP) - South Korea today ranks fifth in nuclear power capacity and belongs to a select group of countries capable of designing and building their own reactors. Its journey began with Kori 1, which entered commercial service in 1978 with the help of Westinghouse Electric Company.
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"Look! Up in the sky! It's a bird! It's a plane! It's…" SEOUL, October 01 (AJP) - The sky above Gwanghwamun can be entrancing on deep-blue autumn days, with mountains rising beyond the broad avenue in downtown Seoul. But on Thursday, there was another reason to look up.
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Korea, US agree on $142B energy plans, Alaska under review
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Micron signals longer AI bonanza for Samsung, SK hynix
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Korea's Sept exports hit fresh monthly high, annual top $800B SEOUL, October 1 (AJP) — South Korea's September exports surged 83.5 percent to a fresh monthly record $120.9 billion as semiconductor shipments more than tripled, customs data showed Thursday. -
Economist Ha Joon-kyung named policy chief in Lee's staff reshuffle SEOUL, October 01 (AJP) - President Lee Jae Myung appointed economist Ha Joon-kyung as his new policy chief on Thursday, filling a key presidential post that had been vacant for a month. -
Korea's Aug FX deposits hit record $140.6 bln on stronger won SEOUL, October 1 (AJP) — South Korea's resident foreign-currency deposits surged to a record $140.62 billion in August as corporate inflows and a stronger won encouraged advance purchases of dollars, central bank data showed Thursday. -
Shinhan Bank offers payouts after loan data leak on 25,000 SEOUL, October 01 (AJP) — Shinhan Bank, one of South Korea’s largest commercial banks, pledged to fully compensate customers for losses arising from a data breach that exposed personal and credit information linked to about 25,000 customers’ loan applications.
ASIA Insight>
Won slips out of comfort zone as Korea moves on U.S. investment deal SEOUL, October 01 (AJP) - Just when the won appeared to be stabilizing around 1,350 against the U.S. dollar, its year-end outlook has grown less certain as South Korea prepares to pay up to $10 billion toward U.S. nuclear reactor projects before December ends. The dollar-won exchange rate rose to 1,362.6 on Thursday as Seoul and Washington unveiled energy projects under their strategic investment framework. The commitments fall under Korea’s $200 billion investment pledge outside shipbui by Kim Yeon-jae
Big on scale, Asian Games competes for divided attention
SEOUL, September 30 (AJP) - Takuya Enomoto knows the Asian Games are taking place in his country. He checks the results every day. Watching them is another matter. “I don't really have the time,” said Enomoto, a 33-year-old pharmacist in Japan. “It's not like the Olympics, where there's a lot of hype.” Busy with work, he rarely goes out of his way to watch an event live. Instead, he opens Yahoo once a day to check the scores. “That doesn't take th
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Today's Photo
Seoul disability policy fair held at DDP
Today's Photo
Seoul disability policy fair held at DDP
AJP Focus>
KOSPI enters fourth quarter fighting to reclaim 7,000 SEOUL, October 01 (AJP) — Much of the KOSPI’s early-year exuberance has fizzled out as 2026 enters its final quarter, with thinning trade, volatile bond markets and monetary tightening cooling the leveraged bets that helped propel its rally. After taking nearly five years to climb from 3,000 to 4,000, the benchmark swept past successive milestones to breach 9,000 in June. Now, 7,000 has become a resistance level, raising the question of how long the next breakthrough will take. The
For young Koreans, subscriptions make more sense than ownership
SEOUL, September 30 (AJP) - A recent Samsung Electronics sales pitch for newlyweds in Cheongdam, a high-end shopping district in southern Seoul, was unusual: the familiar lineup of refrigerators, washing machines and TVs was missing. Instead, the household appliance giant was selling a subscription package: kitchen and living room appliances bundled with care services and tailored to the size of a couple’s first home. The pitch reflected a changing calculation among younger South Koreans
