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Seoul tanks again, so who pays for the leverage party? SEOUL, July 02 (AJP) - A gambler should know the risks. Reckless leveraged bets often end badly. But when a debt-fueled stock frenzy unravels and defaults pile up, South Korea faces a familiar question: who should bear the cost — individual investors or regulators?
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Samsung, SK hynix target Chungcheong as AI supply chain hub SEOUL, July 02 (AJP) -Chip giants Samsung Group and SK hynix on Thursday unveiled a combined 240 trillion won ($173 billion) investment plan for South Korea's Chungcheong region to position the location just south of the capital area as the epicenter for the supply chain underpinning the country's industrial shift toward artificial intelligence. The announcements were made during the government'
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Tiny Seoul studio bets on brutal dungeon survival sim SEOUL, July 02 (AJP) - Battle games are familiar. Fantasy worlds are crowded. Escape-themed entertainment has faded from fashion.
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Korea inflation hits 30-mo high June, pace slows on weak demand
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Korean football leadership faces civic complaint after World Cup shame
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SK bets Korea's next export miracle will be AI tokens SEOUL, July 02 (AJP) -Exports have powered South Korea's economy for the past six decades, with chips fueling the country's record export heyday. But over the next 60 years, the country's most valuable export may not be chips, but AI tokens that power AI factories. -
Celltrion Pharm to invest 2 trillion won in new PFS plan SEOUL, July 02 (AJP) - Celltrion Pharm announced it will invest about 2 trillion won ($1.28 billion) to build a new prefilled syringe (PFS) production plant in North Chungcheong Province. -
AMCHAM launches AI leadership council to leverage alliance for AI supremacy SEOUL, July 02 (AJP) - The American Chamber of Commerce in Korea launched a new AI Leadership Council on Thursday, bringing together senior executives from major global technology, finance, manufacturing and mobility companies. -
Climate forum in Seoul frames clean energy shift as security challenge SEOUL, July 02 (AJP) - South Korean lawmakers, German diplomats and climate experts on Thursday framed the transition to clean energy as no longer just an environmental issue, but a matter of national security, industrial competitiveness and global trade strategy.
ASIA Insight>
Korea-Japan weak currency coupling tells different stories SEOUL, July 02 (AJP) - For South Korean policymakers battling a persistently weak won, the culprit is relatively straightforward: heavy foreign selling of Korean equities and an insatiable domestic appetite for dollar-denominated assets. The picture is more puzzling in Japan. Despite record foreign buying of Japanese stocks this year, the yen has continued to languish near multi-decade lows, defying the conventional expectation that capital inflows should support a country's currency. The by Kim Yeon-jae
China races past Japan, eyes 10 million car exports
SEOUL, July 02 (AJP) - China is on pace to export nearly ten million vehicle units this year, according to global consulting firm AlixPartners' 23rd annual Global Automotive Outlook, released June 25. The expected export volume would be a jump from 7.1 million units in 2025, marking the fastest expansion yet for the Chinese automobile industry that, for most of its history, built cars almost entirely for its own drivers. For decades, exports were an afterthought in China's car industry.
AJP Focus>
Taking command is easier than commanding the war SEOUL, July 02 (AJP) - South Korea says its military is ready to assume wartime operational control (OPCON) from the United States immediately. Its ally remains doubtful. The United States has a point. Recent difficulties identifying North Korean missile launches, limitations in military reconnaissance satellites and South Korea's continued reliance on U.S. intelligence, communications and strategic assets suggest Seoul has yet to eliminate some of the capability gaps that the conditions-ba
Stock mania makes gamblers out of Korean retail investors
SEOUL, July 01 (AJP) — Tech-savvy and risk-taking South Koreans are learning fast on exotic bets, turning from sluggish cryptocurrency trading to highly leveraged equity investments. An expanding army of mom-and-pop investors is pouring billions of dollars into high-risk leveraged products on offshore cryptocurrency exchange Binance, where they can place bets of up to 150 times on the KOSPI through products banned at home. According to crypto industry sources, Binance began offering KORU
