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Seoul mayor's acquittal puts presidential ambitions back in play
SEOUL, October 23 (AJP) - Seoul Mayor Oh Se-hoon’s presidential ambitions gained fresh momentum Friday as an appeals court overturned a political funding conviction that had threatened to cut short his tenure and remove a potential standard-bearer for South Korea’s conservative opposition.
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Apple's first foldable rekindles iPhone fever in South Korea
SEOUL, October 23 (AJP) - Apple’s first foldable has finally arrived in South Korea, rekindling iPhone fans’ fading affection and drawing hundreds to stores to get their hands on the real thing — despite a price tag of more than 3 million won.
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Shinsegae chairman returns to E-Mart helm amid Starbucks fallout
SEOUL, October 23 (AJP) - Shinsegae Group Chairman Chung Yong-jin was named co-CEO of E-Mart on Friday as the retail conglomerate unveiled a sweeping management reshuffle aimed at strengthening accountability and internal oversight, five months after a Starbucks Korea marketing controversy sparked nationwide criticism.
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BYD cars banned from US base in Okinawa, with USFK possibly next
SEOUL, October 23 (AJP) - Chinese-made BYD electric vehicles will be banned from Kadena Air Base in Okinawa, Japan, starting next week, U.S. Forces Japan (USFJ) said on Friday, citing concerns that the vehicles could collect sensitive information about military facilities.
Korean chip bonuses spill over to competition
SEOUL, October 22 (AJP) - Chipmakers in South Korea and Taiwan keep a civil distance despite cutthroat competition to advance chip technology and recruit talent. But the extraordinary AI chip windfall has turned heads in Taiwan’s cleanrooms as workers watch their Korean counterparts collect lavish rewards from the industry’s newfound riches. Union officials at U.S. memory chipmaker Micron Technology’s Taoyuan operation began a 24-hour warning strike Thursday, pressing for a p
by Candice Kim
Korea and Taiwan reap chip bounty, but currencies split the harvest
SEOUL, October 21 (AJP) — Chip powerhouses South Korea and Taiwan have been enjoying a bumper harvest, but their stock and currency markets have shared unevenly in the bounty in the second half. Samsung Electronics and SK hynix, which powered a stock-buying frenzy that nearly doubled the KOSPI earlier this year, have surrendered much of their gains. The Korean benchmark’s remaining advance is now roughly half Taiwan’s 60-percent surge. In the currency market, however, Korea h
BOK chief's inflation outlook hints rates unlikely to come down before '28
SEOUL, October 22 (AJP) - Bank of Korea Governor Shin Hyun-song on Thursday credited the board’s two successive summer rate hikes with helping cool inflation and steady currency and debt markets while signaling that rates won't likely come down before 2028. Speaking after the monetary policy board unanimously held the base rate at 3.00 percent, Shin described the pause as the payoff from acting early. The BOK raised rates by a quarter percentage point in both July and August after ho
Korea's rice farmers struggle to keep a staple—and a livelihood—alive
SEOUL, October 20 (AJP) - Rice farming is a labor as old as Korea’s 5,000-year history, its harvest a staple of daily meals and an essential ingredient in the country’s cuisine. Yet the farmers sustaining that legacy face a difficult squeeze: aging hands, costly machinery and a changing appetite for the grain they grow. In Icheon, a city in Gyeonggi Province famed for its premium rice, autumn brings both the harvest and a festival celebrating it. Beyond the festival grounds, the wo
South Korea proposes military talks with North to clarify MDL
SK drops Solidigm IPO amid regulatory and shareholder pressure
