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China's 'grains of sand' test South Korea's defenses
SEOUL, August 13 (AJP) - Spies are nothing new to South Koreans, who have shared a border with belligerent North Korea for more than seven decades. But they now confront a different kind of suspected spy — Chinese nationals, not necessarily trained by the state but potentially paid to fish for military intelligence. A photograph of a fighter jet. A fragment of radio traffic. The time an aircraft takes o
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Iran envoy urges South Korea to rebuild ties
SEOUL, August 13 (AJP) - South Korea should draw on its historically strong relationship with Iran to seek a role in postwar reconstruction and favorable terms for safe passage through the Strait of Hormuz, a senior Iranian envoy in Seoul said. “We should close our eyes and look to the future,” said Mohammad Esmaeil Passandideh, counselor and deputy head of mission.
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Chip boom masks Korea's demand-led disinflation risk
SEOUL, August 13 (AJP) - Before U.S. inflation eased in July, South Korea's data were already flashing signs of a disinflationary turn, as sluggish consumption weakened the transmission of strong chip-led growth into broader price pressure.
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HMM's Q2 profit jumps 52% as early peak season lifts freight rates
SEOUL, August 13 (AJP) - South Korea's HMM, the country's largest container carrier, announced that second-quarter operating profit surged about 52 percent from a year earlier, as an early peak season and firmer freight rates powered a sharp recovery despite costlier fuel.
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SK hynix to break ground on chip packaging facility in Indiana
SEOUL, August 13 (AJP) -SK hynix is set to break ground later this month on its $3.87 billion advanced semiconductor packaging plant in Indiana, the chipmaker’s first U.S. production base for packaging high-bandwidth memory used in artificial intelligence systems.
Central Asia emerges as South Korea's AI frontier
SEOUL, August 13 (AJP) -South Korea wants to become one of the world's top three artificial-intelligence powers, and Central Asia may offer something lacking at home - ample space, energy and governments willing to build the physical infrastructure that AI requires. But Seoul is arriving at a market where U.S., Gulf, Chinese and Japanese players are already staking out positions. Kazakhstan is planning a data-center zone with eventual capacity of 1 gigawatt. Uzbekistan is courting billi
by Lee Jung-woo
Pandemic hangover? Young Koreans opt solo as socializing gets pricey
SEOUL, August 12 (AJP) - For Jin, a corporate worker in his 30s, some friendships have simply become too expensive to maintain. “I feel uncomfortable meeting friends who want to eat somewhere expensive every single time,” he said. “I also don’t like taking turns paying for meals. Splitting the bill is just easier.” HJ Kim, 32, has reached much the same conclusion. What bothers her is not merely the price of dinner, but the invisible accounting that can begin once
Korea takes AI race from chips to chillers
SEOUL, August 13 (AJP) - An AI agent on a laptop or smartphone may appear almost weightless. Behind every prompt, however, sit warehouses of processors and memory running around the clock — consuming enormous amounts of electricity and generating heat that must be removed before the machines can keep thinking. For South Korea, already a powerhouse in the memory chips feeding those machines, that physical burden is becoming the next AI opportunity. Samsung Electronics has already put mone
Korea's penny stocks face delisting clock
SEOUL, August 13 (AJP) — A little kindness can go a long way, but on South Korea's penny-stock boards this week, investors were wondering whether sympathy could go far enough to save a company from delisting. Online investment communities filled with anxious questions, angry recriminations and the occasional speculative wager after the Korea Exchange placed dozens of stocks under regulatory watch Wednesday in the first broad application of tougher rules aimed at pushing chronically we
Seoul pledges 230,000 additional homes in capital area
Korea's fiscal deficit hits 3-year midyear low
Today's Photo
Extreme heat drives up vegetable prices
Today's Photo
Extreme heat drives up vegetable prices
