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Chip windfall finally arrives on the FX front
SEOUL, September 04 (AJP) - The South Korean won is looking entirely different from the first half, closing at its strongest level in 14 months Friday as a swelling current-account surplus increasingly offsets heavy overseas equity investment and other capital outflows.
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Samsung, SK hynix hold nearly half of global NAND market
SEOUL, September 4 (AJP) - South Korea's two major chipmakers Samsung Electronics and SK hynix retained the top two spots in the global NAND flash market in the second quarter, together accounting for nearly half of global sales.
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Croatia turns to S. Korean rockets as U.S. blocks long-range munitions
SEOUL, September 04 (AJP) - Eighteen truck-mounted rocket launchers able to strike targets more than 300 kilometers away are set to enter Croatian service, bought from South Korea after the United States suspended deliveries of the long-range rockets Zagreb had already contracted for.
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Lee, Macron to hold summit next week in France
SEOUL, September 04 (AJP) -South Korean President Lee Jae Myung will make a state visit to France from Sunday to Wednesday as Seoul and Paris mark the 140th anniversary of diplomatic relations this year, Cheong Wa Dae said Friday.
Cabinet reshuffle turns into political headache for South Korea's Lee
SEOUL, September 04 (AJP) - The roster for President Lee Jae Myung’s 2.0 reshuffle has generated a rumpus before the nominees even arrive at South Korea’s legislative confirmation hearings, denting the already fragile popularity of the presidency. According to the latest Gallup Korea poll, 40 percent of respondents positively assessed Lee’s job performance, while 51 percent gave a negative assessment. The positive rating was the lowest since he took office, while the negative
by Lee Jung-woo
Will America risk New York for Seoul?
SEOUL, September 03 (AJP) - U.S. President Donald Trump wants to meet North Korean leader Kim Jong-un and ordered scale-back in U.S.-South Korea military drills that anger Pyongyang and cost Washington heavily, reigniting a long-running question in Seoul: Should South Korea arm itself with nuclear weapons? Once taboo, the idea is gaining broader public acceptance. Sixty-five percent of South Koreans support the country possessing nuclear weapons, while 30 percent oppose it, according to the la
AI spending binge steepens Korea's bond curve
SEOUL, September 03 (AJP) - As the race for AI supremacy sends government and corporate spending into the stratosphere, investors are demanding more to lend for decades — a shift showing up starkly in South Korea, where yields have risen progressively faster toward the long end of the government bond curve. The yield chart over the past year shows an increasingly steep repricing toward longer maturities. The 30-year yield has climbed the most, touching a record 4.751 percent in August, wh
Will AI contracts shield Korean chipmakers from boom-and-bust cycle?
SEOUL, September 02 (AJP) - Investment banks and market trackers are betting South Korea's memory giants can extend their red-hot earnings streak into a third year in 2027 and possibly beyond, as AI pushes the business away from the spot-price-driven boom-and-bust cycles that have long defined memory chips. Before the rise of AI, earnings at Samsung Electronics and SK hynix were heavily exposed to prices for mass-market DRAM and NAND flash, commodities notorious for swinging between shortag
State bank relocation sparks mass finance strike in Seoul
Samsung's aggressive HBM4 bet narrows gap with SK hynix
