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IMF lifts South Korea's growth outlook to 3.3% on chip boom
SEOUL, October 13 (AJP) - The International Monetary Fund (IMF) raised South Korea's growth forecast for this year to 3.3 percent from 2.6 percent, as artificial intelligence (AI)-driven demand for semiconductors helped offset the drag from the prolonged conflict in the Middle East.
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Samsung teams up with AMD to ease AI memory bottlenecks
SEOUL, October 13 (AJP) - Samsung Electronics unveiled a joint AI memory expansion solution with U.S. chipmaker AMD to address growing bottlenecks in AI inference, building on a longstanding alliance highlighted by AMD chief executive Lisa Su's visit to Seoul last week.
South Korea risks losing a seat in U.S.–North Korea mind games
SEOUL, October 13 (AJP) - South Korea risks losing a seat at the negotiating table as Washington and Pyongyang size each other up for a possible return to summit diplomacy, leaving Seoul to confront a growing missile threat with diminishing influence over how it might be addressed. North Korea launched its 16th ballistic missile barrage of the year on Monday while U.S. President Donald Trump, on the other side of the Pacific, floated the possibility of meeting North Korean leader Kim Jong-un du
by Lee Jung-woo
South Korea rethinks military privileges as medals collide with fairness
SEOUL, October 08 (AJP) - Military service has long been one of South Korea’s most unforgiving tests of fairness, with disputes over who serves and who does not capable of ending public careers. Now the government is revisiting a decades-old system that allows selected athletes and artists to pursue their careers instead of entering regular military service, as a shrinking recruitment pool adds urgency to longstanding questions over privilege. Defense Minister Kang Shin-chul told a parli
Samsung stock crash shatter employees' dreams of new homes
SEOUL, October 13 (AJP) - Samsung Electronics shares fell more than 7 percent Tuesday to 232,000 won ($173) — nearly 40 percent below their June peak of 374,500 won ($279). The continued slide despite a staggering $80 billion in third-quarter operating profit is unsettling not just shareholders but also chip division employees daydreaming of bigger homes, new cars and early retirement as they await bonuses that could rival the nest egg an ordinary Korean salaried worker spends 30 years b
Korea Inc.'s delinquencies simmer beneath the chip halo
SEOUL, October 12 (AJP) — Strip away the chip halo and stress is deepening across corporate Korea, with overdue loans growing far faster than lending as elevated financing costs push vulnerable smaller companies closer to default. Delinquent corporate loans at domestic banks reached 10.1 trillion won ($7.6 billion) in the second quarter, more than triple the 2.9 trillion won recorded at the end of 2021, according to Bank of Korea data submitted to Democratic Party lawmaker Ahn Do-geol. O
Samsung chief Lee to be gifted $1.9 billion in shares from mother
Seoul to start govt migration with 10,000 officials moving to Sejong
