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Chip boom fuels Korea’s exceptional growth — but for how long?
SEOUL, October 27 (AJP) — South Korea’s economy is growing at a pace rarely seen outside a rebound from crisis with third-quarter figures putting annual growth near 4 percent within reach, but experts worry that the window to turn the chip bonanza into broader prosperity is narrowing like sand slipping through an hourglass.
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Norway seeks deeper defense partnership with Korea: defense min
SEOUL, October 27 (AJP) - Norway, which signed a $922 million contract in January to purchase Chunmoo multiple rocket launchers, is seeking a broader and longer-term defense partnership with South Korea, including on the maritime front, to fortify security fortress against the Russian threat, according its defense minister.
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Mystery suitors put JYP's ownership and earnings under scrutiny
SEOUL, October 27 (AJP) - JYP Entertainment, the K-pop powerhouse behind Stray Kids and Twice, has unexpectedly become the subject of a takeover proposal that has puzzled investors accustomed to seeing the company under the stewardship of founder J.Y. Park.
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Military probes security lapses after woman damages GOP fence
SEOUL, October 27 (AJP) - South Korea's military is investigating security lapses after a woman in her 30s entered a restricted border area and damaged surveillance sensors along a military fence near the Demilitarized Zone (DMZ), the Joint Chiefs of Staff (JCS) said Tuesday.
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Ex-Samsung patent chief jailed for stealing secrets to sue former employer
SEOUL, October 27 (AJP) - A South Korean appeals court on Wednesday upheld a three-year prison sentence for a former Samsung Electronics executive convicted of leaking company secrets to support a patent lawsuit against his former employer. Ahn Seung-ho, who oversaw Samsung's patent operations for nine years before leaving in 2019, was taken into custody after the Seoul High Court upheld his conviction
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Monthly wage tops $2,200 for half of Korean earners
SEOUL, October 27 (AJP) —More than half of South Korean wage earners earned at least 3 million won ($2,260) a month in the first half of 2026, while the share earning at least 5 million won reached a record high for the period, government data showed Tuesday.
Two Koreas return to UN after déjà vu DMZ mine crisis
SEOUL, October 27 (AJP) - South and North Korea have sent competing complaints to the United Nations Security Council over last month’s land mine explosion, reviving questions about what international diplomacy can achieve in a conflict still governed by a seven-decade-old armistice. The exchange also highlights a distinction between the Security Council’s diplomatic role and the military responsibilities of the United Nations Command (UNC). The 1953 Korean War Armistice Agreement
by Kim Hee-su
As Trump-Putin-Xi meeting is floated, Kim casts a fourth shadow
SEOUL, October 27 (AJP) - An unprecedented trilateral meeting among the leaders of the U.S., Russia and China on the sidelines of November’s APEC summit in Shenzhen could put denuclearization and Ukraine on the table. Whether North Korea might receive a fourth invitation briefly returned to focus after Kim Jong-un’s surprise one-day visit to China amid murmurs about his health. Kim traveled to China on Saturday across a new bridge that finally opened after more than a decade of de
Samsung's screen, Apple's growing pains
SEOUL, October 27 (AJP) - Samsung Display supplies the OLED panels for Apple’s first foldable iPhone as well as the passport-sized Galaxy foldable introduced earlier this year by sister company Samsung Electronics. But just four days after Apple’s long-awaited debut, reports of cracked displays have highlighted a challenge that goes beyond sourcing advanced components: making them work reliably together. The iPhone Duo, which went on sale Friday starting at 3.29 million won in Sout
IPO appetite holds up on battered KOSDAQ, but investors grow choosier
SEOUL, October 26 (AJP) — The battered Seoul bourse shows little of its first-half gusto, but investors hunting for undiscovered and up-and-coming ventures in the AI age are feeding a robust IPO pipeline on the junior KOSDAQ. The enthusiasm, however, is uneven. Four companies that completed retail subscriptions this month drew bids for more than 1,000 times the shares available, led by semiconductor equipment maker Melcon. The other six recorded subscription ratios ranging from just 3.55
Korea Inc.'s stock-funded cash calls face a market reckoning
UPDATE: AI chip boom puts 4% annual growth within reach for Korea
