Industry
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Washington extends tech controls from chips to AI models
SEOUL, June 15 (AJP) - A U.S. government order forcing Anthropic to block foreign access to its newest AI models is raising fears that Washington is opening a new front in the global technology race, extending export controls beyond semiconductors and into the AI models themselves. Anthropic said late Friday it had suspended access to its newest models, Fable 5 and Mythos 5, after receiving a U.S. government order barring access by foreign nationals on national security grounds. The
June 15, 2026
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Jeju Air keeps lead among budget carriers
SEOUL, June 15 (AJP) - Low-cost carrier Jeju Air carried more than 1 million passengers in May, maintaining its lead among budget carriers in South Korea, according to data released by the Ministry of Land, Infrastructure and Transport released on Monday. It carried 1.11 million passengers in May, up 7.6 percent from 1.03 million a year earlier, as demand rose around long weekends in early and late May including Children's Day and Buddha's Birthday, while short-haul intern
June 15, 2026
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Starbucks Korea staff to undergo history training after 'Tank Day' controversy
SEOUL, June 15 (AJP) - All employees of Starbucks Korea including its operator Shinsegae Group as well as other staff at its affiliates will undergo training to raise awareness of history and enhance social responsibility, the retail giant said Monday. The training is scheduled for Wednesday at its facility Shinsegae Namsan in central Seoul, where all Starbucks staff are expected to attend. It will include lectures delivered by Oh Je-yeon, a professor of Korean history at Sungkyu
June 15, 2026
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Huang's Taiwan and Korea tour highlights supply chain at the heart of AI era
SEOUL, June 14 (AJP) -Every great technological pivot has its symbolic journey. Columbus crossing the Atlantic opened the age of exploration. Deng Xiaoping's Southern Tour set the course of China's economic reform. Steve Jobs unveiling the iPhone launched the smartphone era. Nvidia's chief Jensen Huang's late-May to early-June 2026 sweep through Taiwan and South Korea may well be remembered as a similarly defining moment in the history of the AI industry. Mu
June 14, 2026
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The four tigers are back, and AI is their new factory
SEOUL, June 14 (AJP) -For two decades, Asia's economic hierarchy appeared settled. China was the factory of the world. Silicon Valley owned innovation. Europe consumed. Japan aged. And the original Four Asian Tigers — South Korea, Taiwan, Hong Kong and Singapore — were widely regarded as mature economies whose most consequential chapters were behind them. Then came artificial intelligence, and the entire map shifted. The greatest beneficiaries of the AI era a
June 14, 2026
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OpenAI CEO calls off planned trip to Seoul this weekend
SEOUL, June 12 (AJP) - OpenAI's CEO Sam Altman abruptly canceled his scheduled visit to South Korea, according to industry sources on Friday. Altman, who ushered in a revolutionary artificial intelligence (AI)-driven era, was initially scheduled to arrive in Seoul over the weekend for a two-day trip to give a lecture at the country's chip giant Samsung Electronics and other engagements including meetings with major IT companies including Naver and Kakao to discuss AI-related
June 12, 2026
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UAE sends aircraft for early Cheongung-II delivery
SEOUL, June 12 (AJP) - The United Arab Emirates has sent military transport aircraft to South Korea to secure early delivery of Korean-made Cheongung-II missile defense systems, as the Middle East war disrupts key maritime routes, defense sources said Friday. According to military and defense industry sources, the UAE has been dispatching several C-17 transport aircraft to an air base in Daegu since earlier this week to carry Cheongung-II batteries and interceptor missiles. One C
June 12, 2026
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SpaceX IPO fever meets Starlink's reality check in Asia
SEOUL, June 12 (AJP) - SpaceX's record-shattering market debut is drawing fresh attention to Starlink, its satellite internet business, as investors look beyond rockets and Mars ambitions to identify the company's most important source of revenue. While SpaceX is best known for reusable rockets and the Starship program, analysts increasingly view Starlink as the company's financial engine. The low-Earth orbit satellite internet network has become SpaceX's largest bus
June 12, 2026
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Hanwha Ocean virtually wins $5 bln KDDX destroyer bid
SEOUL, June 12 (AJP) - Hanwha Ocean has virtually been selected as the preferred bidder for South Korea’s next-generation destroyer project, industry sources said Thursday, beating rival HD Hyundai Heavy Industries by less than one point in a closely watched competition. The Defense Acquisition Program Administration, or DAPA, completed its evaluation of proposals for the detailed design and construction of the lead ship for the Korean Destroyer Next Generation, or KDDX, and n
June 12, 2026
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Samsung Biologics, union to resume talks next week
SEOUL, June 12 (AJP) - Samsung Biologics and its labor union will resume negotiations next week in a bid to narrow differences over wage increases and personnel system reforms that have strained relations at the South Korean contract drugmaker for months. The two sides agreed to meet on June 16, industry sources said Friday, after the union pressed management to return to the bargaining table and the company responded earlier in the day. Management has proposed first holding work
June 12, 2026