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North Korea's nuclear spending rises as global focus on denuclearization fades SEOUL, June 10 (AJP) - North Korea spent an estimated $656 million on its nuclear weapons program last year, according to a new report that underscores Pyongyang's steady advance toward a larger nuclear arsenal as wars in Ukraine and the Middle East, along with intensifying great-power rivalry, push denuclearization further down the global agenda.
Korea's defense of won falls short against foreign capital exodus SEOUL, June 10 (AJP) - South Korean authorities this year have been employing every tool in the playbook to bolster the Korean won, dangerously flirting around post-2008 crisis levels — from a $65 billion FX swap arrangement with the National Pension Service and suspected smoothing operations to a rare joint probe into foreign exchange activities at major banks.
Kakao first-ever strike spares users but unnerves investors SEOUL, June 10 (AJP) - The chat platform through which most South Koreans communicate and work, along with its cab-hailing, payment and navigation services, operated normally Wednesday despite a four-hour walkout by about 600 workers, or roughly 15 percent of the workforce, near the headquarters of Kakao.

Risks remain for South Korea's historic stock market rally, expert warns SEOUL, June 10 (AJP) - South Korea's stock market has seen one of the fastest rallies in modern history, driven initially by major governance reforms that helped boost long-undervalued South Korean stocks. Many economists now say the rally will only last if the country strengthens institutions, encourages greater corporate innovation, and expands its economy beyond semiconductors.
First South Korean-flagged vessel to pass through Strait of Hormuz arrives in Ulsan SEOUL, June 10 (AJP) - HMM's very large crude carrier arrived at a port in Ulsan on Wednesday, becoming the first South Korean-flagged vessel to pass through the Strait of Hormuz since its blockade due to the Middle East conflict, according to the shipping company, formerly known as Hyundai Merchant Marine.
POSCO Holdings to test direct lithium extraction in US SEOUL, June 10 (AJP) - POSCO Holdings will build and operate a demonstration plant in the United States to extract battery-grade lithium more quickly and efficiently, the South Korean steelmaker said, marking the first such venture abroad by a Korean company.
Son Heung-min named among '26 players to watch' at upcoming World Cup SEOUL, June 10 (AJP) - Striker Son Heung-min of Los Angeles FC (LAFC) has been named among the "26 players to watch" at this year's FIFA World Cup, which is set to kick off in North America later this week.

What does SpaceX's upcoming IPO signal for Asia? SEOUL, June 10 (AJP) - For years, investing in space felt more like science fiction than finance, more akin to dreaming about Mars. Fascinating and ambitious, it nevertheless seemed far distant from everyday economic activity. But that is beginning to change. Should SpaceX move ahead with its initial public offering (IPO) later this week, the larger story is not the stock itself. It is the arrival of the space industry as a mainstream industrial sector, one that could reshape technology, manufa by Lee Hugh

North Korea returns to international headlines amid renewed China-Russia rivalry SEOUL, June 09 (AJP) - North Korea's young ruler Kim Jong-un, who once dominated international headlines through his unprecedented courtship with U.S. President Donald Trump during the latter's first term, is back on front pages – this time under the arms of the elder strongmen of a resurgent authoritarian axis. During his latest visit to Pyongyang — his first in seven years — Chinese President Xi Jinping called for expanded exchanges with North Korea in diplomacy, law

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Essay From PC cafés to pork belly: Inside Jensen Huang's unconventional Seoul summit SEOUL, June 05 (AJP) - Neon lights, the rapid clatter of keyboards in a bustling Hongdae PC café, and the unmistakable sizzle of meat hitting a hot grill—these are hardly the traditional backdrops for high-stakes tech diplomacy. Yet, on the evening of June 5, NVIDIA CEO Jensen Huang traded the polished boardrooms of Silicon Valley for the vibrant, everyday rhythms of Seoul. Immersing himself first in South Korea's grassroots digital culture, Huang eventually made his

Essay New voting culture takes shape among younger voters

Essay Incheon's Hanagae Beach opens for summer season

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Huang finds the whole AI cake in Korea, every layer of it SEOUL, June 09 (AJP) - Artificial intelligence is a five-layer cake, Nvidia preaches, and its chairman Jensen Huang appears to have found the full cake in South Korea. In Nvidia's telling, AI is a composite stack: energy at the bottom, then chips, then the infrastructure that houses and serves them, then the models, and finally the applications where economic value is harvested. Every application, Huang argues, draws demand all the way down to the power plant, and supremacy in the AI era h

South Korea sees record drug tests as narcotics use rises among young people SEOUL, June 5 (AJP) - The number of drug tests is rising as synthetic drugs spread among teenagers and cases of fatal mixed-drug use increase. According to a report released by the National Forensic Service (NFS) earlier this week, the number of drug tests conducted reached 140,775 last year, the highest on record. Drug-related busts and the amount of narcotics seized have both risen steadily year after year. The Korea Customs Service (KCS) seized 769 kilograms of drugs in 704 cases in 2023, 7

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