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  OPINION: What goes up must pay - a warning on Korea's chip windfall A profit windfall is taking shape in South Korea’s chip sector. Samsung Electronics is projected to post 320 trillion won in operating profit this year, while SK hynix could reach 230 trillion won — a combined 550 trillion won. On that estimate, the two Korean chipmakers would edge past Microsoft and Google to rank among the world’s four most profitable tech companies. The temptation is to read this as a triumph of strategy and execution. It is not — April 24, 2026
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  Samsung heiress' ex-husband serving jail term in bizarre case involving shaman girlfriend SEOUL, April 23 (AJP) - Im Woo-jae, the ex-husband of Samsung heiress Lee Boo-jin and former adviser at the conglomerate's minor subsidiary Samsung Electro-Mechanics, has been serving a one-year prison sentence, it was belatedly revealed on Thursday. Lee was found guilty of obstruction of official duties after getting caught up in a bizarre case involving his girlfriend, who is a shaman, according legal sources. He apparently deceived officials while attempting to shield his April 23, 2026
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  Samsung Elec's Pyeongtaek campus - protest instead of celebration of chip boom PYEONGTAEK, April 23 (AJP) -The usual soundtrack of the Samsung Electronics Pyeongtaek Campus—the low, constant hum of fabrication lines—was drowned out Thursday by a different cadence: tens of thousands of workers chanting in lockstep, their placards snapping in the wind as a bonus fight spilled into the open. At 2 p.m., the newly ascendant Samsung Electronics Enterprise Union—now the company’s first majority union—filled the forecourt with an est April 23, 2026
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  Seoul pushes for wartime command transfer as U.S. urges caution on timeline SEOUL, April 23 (AJP) - A long-simmering question at the heart of the U.S.–South Korea alliance is once again coming into sharper focus: when — and under what conditions — should Seoul take full wartime command of its own and U.S. military forces on the peninsula? Behind the scenes, officials in Seoul and Washington are quietly diverging over the timeline for transferring wartime operational control, or OPCON, with South Korea favoring an earlier date and U.S. mili April 23, 2026
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  Text-hispters indulge in reading trend in Seoul SEOUL, April 23 (AJP) - In an era dominated by short videos and rapidly consumed content, young people in South Korea are turning back to books and written text. Reading books, copying favorite passages by hand, and visiting bookstores and libraries have become part of a growing lifestyle trend known as “text-hip,” where reading is seen not as an act of studying or self-improvement, but as a way to express personal taste and emotion. April 23, 2026
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  Korea's chip irony: record Samsung Elec shares and mass workers rally PYEONGTAEK, April 23 (AJP) -On the same day the KOSPI scaled a record high and South Korea posted its strongest quarterly growth in five years, tens of thousands of workers at the very heart of that boom took to the streets — protesting what they called a widening gap between record profits and compensation. “Even at this very moment, our colleagues are leaving,” shouted Thursday Woo Ha-kyung, acting head of the National Samsung Electronics Union, her voice hoarse April 23, 2026
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  Tariffs and rising costs bite Hyundai despite record quarterly revenue SEOUL, April 23 (AJP) - Despite posting record revenue, Hyundai Motor saw its profitability come under intense pressure as tariffs and rising costs eroded margins. Revenue rose 3.4 percent year on year to 45.9 trillion won, marking the highest first-quarter figure on record. The increase was supported by strong sales of high-margin SUVs and hybrid vehicles, even as global industry demand contracted 7.2 percent. Hybrid vehicles accounted for 17.8 percent of total sales, April 23, 2026
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  Chip rally, GDP surprise drive KOSPI to fresh record high SEOUL, April 23 (AJP) - Geopolitical uncertainty failed to derail South Korea’s stock rally, with the KOSPI closing at a fresh all-time high Thursday as strong chip earnings and an upside GDP surprise lifted investor sentiment. The benchmark index closed at 6,475.81, up 0.90 percent, while the KOSDAQ ended at 1,174.31, down 0.58 percent. The Bank of Korea said first-quarter real GDP expanded 1.7 percent from the previous quarter, nearly double its February forecast of 0.9 pe April 23, 2026
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  Japan's arms export shift tests Korea's security calculus amid regional buildup SEOUL, April 23 (AJP) - Japan’s decision to allow exports of lethal weapons for the first time since World War II marks a decisive step in Asia’s quiet arms buildup, raising both strategic opportunities and deep-seated concerns for South Korea as regional security dynamics shift. The government of Prime Minister Sanae Takaichi this week revised its “Three Principles on Transfer of Defense Equipment and Technology,” expanding exports beyond non-lethal categor April 23, 2026
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  Kookmin University to hold third ceramic craft exhibition and sale SEOUL, April 23 (AJP) - Kookmin University will host the 2026 3rd Ceramic Craft Fair from May 14 to May 17 to showcase the work of emerging artists and facilitate the sale of student and alumni projects, the university said Thursday. The four-day event will take place in the lobby of the Kookmin University (KMU) Administration Hall in Seoul, South Korea. Students and alumni from the Department of Ceramic Craft within the College of Design are set to participate in the exhibition, April 23, 2026