South Korea takes state-led route in AI race as latecomer SEOUL, September 09 (AJP) - America's biggest technology companies are preparing to pour roughly $725 billion into artificial intelligence infrastructure this year. South Korea cannot come close to matching that private-sector firepower. So Seoul is reaching for something Silicon Valley does not need nearly as much — the state balance sheet. The government's 2027 budget bill submitted to the National Assembly on Sept. 3 lifts spending on AI and three linked mega-pro September 9, 2026

XIIlab rises after winning NVIDIA-backed AI vision challenge SEOUL, September 9 (AJP) - South Korean artificial intelligence startup XIIlab rose nearly 5 percent Wednesday after winning a computer vision competition that tested whether models trained on synthetic images could perform effectively in real-world conditions. Shares traded at 11,760 won ($8.46) as of 2:09 p.m. on the KOSDAQ, up 4.91 percent from the previous close of 11,210 won. The stock opened at 11,800 won and climbed as high as 12,690 won during the session before giving back September 9, 2026

Samsung deepens Galaxy Watch heart-health push SEOUL, September 09 (AJP) - The smartwatch is no longer merely a supplement to a smartphone. Samsung Electronics is pushing its latest Galaxy Watch deeper into preventive health care, seeking to turn a device once used mainly for checking messages and counting steps into an always-on health monitor capable of spotting changes before users themselves notice them. The effort also puts Samsung in a more direct contest with Apple, which has steadily transformed the Apple Watch into September 9, 2026

KRX to halt overnight derivatives trading over Chuseok SEOUL, September 9 (AJP) - Overnight trading for derivatives will be suspended during Chuseok or Korean thanksgiving, the Korea Exchange (KRX) said on Wednesday. The suspension, which comes to reduce risks for investors, will be effective from 6 p.m. on Sept. 23 to 6 a.m. the following day. Overnight transactions are normally settled together with the ones from the following day's regular session. However, because the market will be closed for one of the country's biggest September 9, 2026

Xi, Putin send congratulatory messages as North Korea marks 78th anniversary SEOUL, September 9 (AJP) - North Korea unveiled congratulatory messages from Chinese President Xi Jinping and Russian President Vladimir Putin, with both leaders pledging to strengthen ties with Pyongyang, as the reclusive country marked the 78th anniversary of its founding on Wednesday. The messages sent to North Korean leader Kim Jong-un ahead of the anniversary were featured on the front page of the state-run Rodong Sinmun, commemorating the country's establishment on Sep September 9, 2026

Smilegate divorce may top Chey's as Korea's costliest at $1.79 bln SEOUL, September 09 (AJP) - A Seoul court ordered Smilegate founder Kwon Hyuk-bin to pay his estranged wife roughly 2.4 trillion won ($1.79 billion) in stock, the largest divorce settlement in South Korean history. The Seoul Family Court granted the divorce petition filed by the wife, surnamed Lee, and ordered that the award be paid in shares rather than cash. "The marriage has broken down to a point beyond repair," the court said, adding that both spouses bore equal re September 9, 2026

Samsung partners with Mistral AI to develop semiconductor-specific AI SEOUL, September 09 (AJP) - Samsung Electronics has formed a strategic partnership with French artificial intelligence startup Mistral AI to jointly develop AI models tailored to semiconductor design and manufacturing, according to the company on Wednesday. The partnership, reached around the time of a South Korea-France summit, will combine Samsung's semiconductor technology and manufacturing data with Mistral AI's AI models to improve productivity and precision across ch September 9, 2026

Korea picks 32 startups for cross-ministry finals SEOUL, September 09 (AJP) - South Korea's startup ministry named 32 early-stage companies to advance to the cross-ministry finals of its flagship entrepreneurship contest. The Ministry of SMEs and Startups announced Tuesday that 32 firms emerged from its two preliminary leagues, 10 from the artificial intelligence league and 22 from the innovation startup league. The firms were drawn from about 344 and 630 applicants respectively. This year nine ministries including the sc September 9, 2026

Chip stocks pull KOSPI above 7,000 SEOUL, September 09 (AJP) - South Korean stocks rebounded Wednesday morning, with the KOSPI climbing back above 7,000 as gains in chip heavyweights Samsung Electronics and SK hynix outweighed lingering pressure from higher oil prices and Middle East tensions. The benchmark stood at 7,039.16 as of 10:54 a.m., up 1.22 percent from the previous session. The KOSPI opened 0.26 percent higher at 6,972.87 and briefly slipped to 6,968.06 before turning higher as buying strengthened in September 9, 2026

Aju chairman joins Shenzhen media forum ahead of APEC summit SEOUL, September 09 (AJP) - South Korean media executives joined more than 400 delegates at a Chinese government-organized media forum in Shenzhen on Sept. 5, two months before the city hosts this year's Asia-Pacific Economic Cooperation leaders' meeting. The Asia-Pacific Media Forum drew representatives from over 40 countries and regions, along with United Nations agencies and other international bodies. It was co-hosted by the Publicity Department of the Communist Party September 9, 2026