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Asian stocks rise broadly; KOSPI scales new heights, SK shares mixed SEOUL, October 16 (AJP) - Asian stocks traded broadly higher on Thursday, buoyed by renewed bets on another U.S. rate cut, with South Korean shares testing fresh record highs amid optimism over an imminent U.S.–Korea trade deal and a stronger-than-expected chip boom. The benchmark KOSPI climbed 1.7 percent to 3,718.93 as of midday, crossing the 3,700 mark for the first time ever. Investor sentiment improved on expectations that trade negotiations between Seoul and Washington are nearing October 16, 2025
KOSPI soars past 3,500 milestone for first time on semiconductor rally SEOUL, October 02 (AJP) - The main South Korean stock index, the KOSPI, surged to a historic close on Thursday, breaching the 3,500 level for the first time on record. Driven by a frenzied rally in technology and semiconductor shares, the benchmark index climbed 93.38 points, or 2.7 percent, to settle at 3,549.21, capping a day that saw the index peak at an intraday high of 3,565.96. The powerful upward trajectory was anchored by the nation's two memory chip giants. Samsung Electronics ros October 2, 2025
Medical schools lose appeal as semiconductor careers promise six-figure salaries SEOUL, September 24 (AJP) - University applicants are increasingly opting for majors that guarantee employment at major companies after graduation, rather than medical schools, which have long been the preferred choice among many top-scoring students. This shift is particularly evident at Hanyang University, Korea University, and Sogang University, which offer semiconductor-related courses and similar programs in partnership with businesses, often leading to guaranteed positions at SK Hynix and September 24, 2025
NVIDIA–Intel tie-up to bring opportunities for Korean chipmakers SEOUL, September 19 (AJP) - A tie-up between U.S. chip-design giants NVIDIA and Intel is expected to accelerate artificial intelligence (AI) computing infrastructure — creating new opportunities for South Korea’s memory and packaging technologies that support advanced AI chips. The $5 billion partnership, under which NVIDIA will acquire a 4 percent stake in Intel, could unite the current and former leaders of global chip design, pending regulatory approval. The announcement comes a September 19, 2025
Samsung Electronics will receive $250 million grant from Texas SEOUL, September 18 (AJP) - Samsung Electronics will receive a $250 million grant from the state of Texas to support its semiconductor expansion, Governor Greg Abbott announced Wednesday (local time). The funds, allocated from the Texas Semiconductor Innovation Fund, are separate from the $4.7 billion in federal aid Samsung secured last year under the CHIPS Act. The new grant was announced after Abbott met with Kyung Kye-hyun, Samsung’s vice chairman, in Austin on Sept. 17. Abbott praise September 18, 2025
South Korea finds lifeline in Southeast Asia as US tariffs weigh on exports SEOUL, September 04 (AJP) - South Korea’s exports to Southeast Asia surged in August, offsetting declines in shipments to the United States as Washington’s trade barriers increasingly disrupt bilateral flows. Exports to the Association of Southeast Asian Nations rose 12 percent from a year earlier to a record $10.89 billion, the trade ministry said Thursday. It was the third consecutive month of growth to the bloc, which has become an increasingly vital market for Korean manufacture September 4, 2025
Samsung Electronics, SK hynix could avoid US chip tariffs under new Trump policy SEOUL, August 8 (AJP) - The Trump administration will waive newly announced semiconductor tariffs for companies that commit to building manufacturing facilities in the United States during President Donald Trump’s current term, the Commerce Secretary said on Thursday (local time), signaling a possible reprieve for major South Korean chipmakers including Samsung Electronics and SK hynix. In an interview with Fox News, Secretary Howard Lutnick sought to clarify President Trump’s annou August 8, 2025
Three former Sapeon employees indicted for stealing AI core technology SEOUL, August 06 (AJP) - South Korean prosecutors have indicted three former employees of the artificial intelligence chip company Sapeon, accusing them of leaking core technologies ahead of the company's planned merger with a domestic rival. The Suwon District Prosecutors' Office said Wednesday it charged two of the former employees with theft of industrial technology, unfair competition, and breach of trust. A third former executive was indicted without detention on the same charges. August 6, 2025
South Korea sees July export volume grow 5.9 percent on strong chip demand SEOUL, August 1 (AJP) - South Korea's exports rose 5.9 percent in July from a year earlier to $60.82 billion, marking the second consecutive month of growth despite concerns over impending U.S. tariffs, trade ministry data showed Friday. Semiconductors drove the export surge, posting a 31.6 percent year-on-year increase to $14.71 billion, recording the highest July performance ever, aided by strong demand for high-value memory chips such as high bandwidth memory chips and price recovery. T August 1, 2025
[K-Tech] KITA urges nation to nurture fabless startups to boost semiconductor competitiveness SEOUL, July 30 (AJP) - South Korea must foster fabless semiconductor startups to strengthen its position in the rapidly expanding system semiconductor market driven by artificial intelligence growth, a trade association report said Wednesday. The Korea International Trade Association (KITA) released a report highlighting the urgent need to develop the fabless ecosystem as non-memory semiconductors increasingly dominate global markets. Korea's share of the global system semiconductor market July 30, 2025