Lee meets Samsung chief in private amid push for mega chip cluster SEOUL, August 27 (AJP) - President Lee Jae Myung held a private dinner meeting with Samsung Group chairman Lee Jae-yong earlier this week, according to sources in political and business circles on Thursday. Their talks at an unidentified location in Seoul the previous day are drawing attention for their possible focus on major domestic projects including plans to build a mega semiconductor cluster amid growing U.S. pressure on South Korean companies to expand investment in the U August 27, 2026

Nvidia admits memory squeeze, flags upside for Korean chipmakers SEOUL, August 27 (AJP) - Nvidia on Wednesday admitted that even the AI chip giant cannot escape the cost squeeze from the boom it helped ignite, as soaring memory prices lift production costs while benefiting Samsung Electronics and SK hynix from the supply crunch. The company reported second-quarter revenue of $96.2 billion for its fiscal 2027, more than doubling from a year earlier, as data center revenue jumped 117 percent to $89 billion. Nvidia forecast revenue of $108 billion, August 27, 2026

Philippine envoy celebrates scholarship awards Philippine Ambassador to South Korea Bernadette Therese C. Fernandez delivers congratulatory remarks during a scholarship award ceremony hosted by the Woojung Education and Culture Foundation at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Aug. 26, 2026. The foundation awarded approximately 400 million won in scholarships to 98 international students from 32 countries studying at universities in South Korea. AJP Yoo Na-hyun August 27, 2026

98 international scholars honored in South Korea Aiganym Zhalinova, a student from Kazakhstan representing the scholarship recipients, delivers remarks during a scholarship award ceremony hosted by the Woojung Education and Culture Foundation at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Aug. 26, 2026. The foundation awarded approximately 400 million won in scholarships to 98 international students from 32 countries studying at universities in South Korea. AJP Yoo Na-hyun August 27, 2026

Woojung foundation awards 400M Won in scholarships Lee Joong-keun, chairman of the Woojung Education and Culture Foundation, delivers congratulatory remarks during a scholarship award ceremony at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Aug. 26, 2026. The foundation awarded approximately 400 million won in scholarships to 98 international students from 32 countries studying at universities in South Korea. AJP Yoo Na-hyun August 27, 2026

98 international students receive Woojung scholarships The Woojung Education and Culture Foundation's scholarship award ceremony for international students for the second semester of 2026 is held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, Aug. 26, 2026. The foundation awarded approximately 400 million won in scholarships to 98 international students from 32 countries studying at universities in South Korea. AJP Yoo Na-hyun August 27, 2026

Seoul races to find 9 Koreans in Nepal flood SEOUL, August 27 (AJP) -South Korea is sending an emergency response team to Nepal after nine Korean workers at a hydropower construction site went missing in a catastrophic Himalayan flash flood that killed at least 160 people across Nepal and Tibet, with scientists pointing to a massive glacier collapse as the likely trigger. Foreign Minister Cho Hyun convened an emergency task force meeting at 10:30 p.m. Wednesday after contact was lost with the nine employees of Korea South-Ea August 27, 2026

Military brass rebel against academy merger at hearing SEOUL, August 26 (AJP) - President Lee Jae Myung and Defense Minister Ahn Gyu-back remain committed to merging South Korea's Army, Navy and Air Force academies into a single institution, but a raucous public hearing Wednesday exposed the depth of resistance among academy alumni, retired officers and military experts. What was supposed to be a forum for public debate quickly descended into angry shouting, profanity and heckling at the Defense Convention Center in Yongsan, central August 26, 2026

Hyundai ties up with Nvidia for self-driving push SEOUL, August 26 (AJP) -Hyundai Motor will work with Nvidia to put Level 2+ autonomous-driving technology into its first mass-produced software-defined vehicle in 2028, anchoring an ambitious AI push that also includes a 50,000-GPU data center, humanoid robots and expanded robotaxi production, the South Korean automaker said Wednesday. The tie-up was declared at the company's 2026 CEO Investor Day devoted to positioning artificial intelligence and software as central pillars August 26, 2026

South Korean firms support Uzbek schools with 35 smartboards SEOUL, August 26 (AJP) - Eleven South Korean companies have funded 35 smartboards for schools and vocational institutions across Uzbekistan, as part of an initiative marking the 35th anniversary of the country’s independence. The Embassy of the Republic of Uzbekistan in the Republic of Korea held an appreciation ceremony Wednesday afternoon for 11 Korean companies that helped finance the project, organized ahead of the 35th anniversary of Uzbekistan's independence on Sept. August 26, 2026