Korea's AI chip ETF frenzy poised to spread to Tokyo SEOUL, July 27 (AJP) —The chip-linked leveraged ETF frenzy that turned South Korea into a proving ground for AI-fueled speculative trading is poised to spill over to Japan. U.S. asset managers are seeking to launch the first single-stock leveraged exchange-traded funds tied to Japanese chipmaker, modeled after single-stock instruments on Samsung Electronics and SK hynix to ride on the AI chip fever. According to Bloomberg on Monday, U.S. firms including Kogi Strategies July 27, 2026

Silicon Valley VC courtship lifts KOSDAQ on hopes for startup capital SEOUL, July 27 (AJP) — President Lee Jae Myung's Silicon Valley outreach to some of the world's most influential venture capital firms gave South Korea's startup-heavy KOSDAQ a lift on Monday, even as enthusiasm surrounding his AI diplomacy over the weekend failed to spill over to the broader stock market. While headlines focused on Lee's meetings with Nvidia, Broadcom and other technology giants, Monday's attention shifted to his separate gathering with si July 27, 2026

More South Korean tidal flats listed as UNESCO World Heritage sites SEOUL, July 27 (AJP) - More getbol, or tidal flats in South Korea have been added to or expanded as UNESCO World Heritage sites at the global body's annual gathering in Busan over the weekend, the Korea Heritage Service (KHS) said on Monday. The decision was made during the 48th session of the UNESCO World Heritage Committee, which kicked off last week and runs through Wednesday at BEXCO in the southeastern port city of Busan, marking the first time South Korea has hosted the ga July 27, 2026

Incheon airport braces for summer rush with nearly 4 million travelers SEOUL, July 27 (AJP) -South Korea's main gateway is preparing for one of its busiest summer holiday periods on record, with nearly 3.8 million passengers expected to pass through Incheon International Airport over just 17 days as inbound tourism continues to rebound. Incheon International Airport Corp. said Monday it expects about 3.77 million passengers to use the airport between July 25 and Aug. 10, averaging 222,000 travelers a day, up 1.9 percent from 3.70 million during th July 27, 2026

Annual contest invites participants to share their first encounters with Korean culture SEOUL, July 27 (AJP) - A Korean culture-themed annual international contest began accepting entries on Monday, the Ministry of Culture, Sports and Tourism said on Monday. Under the theme "My First K-Culture Moment," this year's “TalkTalk Korea” contest invites foreign nationals worldwide to share how they first encountered Korean culture through videos, photographs, illustrations and written works. Those interested can submit entries by Sept. 28 about ho July 27, 2026

Why Nvidia needs Korea as much as Korea needs Nvidia SEOUL, July 27 (AJP) - When Jensen Huang toured Seoul last month, Nvidia's chief executive said he had found a full five-layer AI cake in South Korea. Over the weekend, he stayed true to that discovery, emerging as both the biggest customer and investor in that cake. Nvidia placed itself at the center of South Korea's all-out AI push as Huang headlined the government-hosted AI summit in San Francisco before joining President Lee Jae Myung and Korea's business leaders for July 27, 2026

How AI redrew the chip map and put Korea at its center SEOUL, July 27 (AJP) -The generative artificial intelligence boom has not simply created another semiconductor supercycle. It has redrawn the geography of the global chip industry. Three years after ChatGPT triggered an unprecedented race to build AI infrastructure, South Korea's semiconductor trade map looks markedly different. Taiwan has become Korea's second-largest chip export destination. The Netherlands has overtaken Japan as largest supplier of semiconductor manufa July 27, 2026

Record dollar deposits lift Koreans' foreign currency holdings by $1 bn in June SEOUL, July 27 (AJP) -South Koreans increased their foreign currency deposits by more than $1 billion, or the largest in in four months in June, driven by hefty semiconductor export proceeds and rising funds parked for overseas stock investments. Resident foreign currency deposits at domestic banks reached $113.33 billion at the end of June, up $1.08 billion from a month earlier, according to data released by the Bank of Korea on Monday. The balance was the highest since February. July 27, 2026

NCT 127 to mark 10th anniversary with seventh studio album SEOUL, July 27 (AJP) - K-pop boy group, NCT 127 will mark the 10th anniversary of its debut with the release of its seventh studio album, "BLINGY," on Aug. 24, the group's first full-length release since 2024's "Walk." The nine-track album will be released at 6 p.m. KST across global streaming platforms, with physical editions arriving the same day, SM Entertainment said Monday. Preorders opened Monday through online and offline retailers. According July 27, 2026

KakaoBank strike spotlights uncommon union structure SEOUL, July 27 (AJP) - KakaoBank employees are set to stage a full-day strike on Friday - in what would be the first labor action by a South Korean online-only bank - after this year's wage negotiations collapsed over performance-based compensation. Instead of belonging to the Korea Financial Industry Union, KakaoBank employees are members of the Kakao chapter of a union representing chemical, textile and food industry workers, which also covers workers across Kakao affiliates July 27, 2026