Latest
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AI boom gushes down to midstream, buoying Asian fab operators
SEOUL, October 15 (AJP) - Investors are closely watching third-quarter earnings from Taiwan’s foundry leader TSMC and South Korea’s AI memory powerhouse SK hynix to gauge the depth of surging demand for artificial intelligence chips—especially after stronger-than-expected results from Samsung Electronics. Samsung Electronics on Tuesday reported record quarterly revenue of 86 trillion won (approximately $62.4 billion) and an operating profit of 12.1 trillion won (
October 15, 2025
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Foreign investors turn heavy buyers of Korean stocks and bonds in September
SEOUL, October 15 (AJP) - Foreign investors became net buyers of more than US$9 billion worth of Korean stocks and bonds in September, marking a sharp turnaround from a $600 million net outflow in August and signaling a recovery in confidence toward the Korean capital market, the central bank said Wednesday. According to data from the Bank of Korea, net foreign inflows into Korean securities reached $9.12 billion last month — $4.34 billion in equities and $4.48 billion in
October 15, 2025
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80 South Korean detainees refuse to return home, Cambodia says
SEOUL, October 15 (AJP) - Around 80 South Koreans are being held in Phnom Penh but are refusing to return home, Cambodian authorities said on Wednesday. Touch Sokhak, a spokesperson for Cambodia's Ministry of Interior, told China's state-run Xinhua News the previous day that South Korean officials have contacted these individuals, but they refuse to return to Seoul. But he added that he was unsure whether they are the same as the 80 missing people the South Korean Minis
October 15, 2025
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KAIST develops AI that learns across hospitals and banks without sharing private data
SEOUL, October 15 (AJP) - KAIST researchers have created a new kind of artificial intelligence that can learn from multiple institutions, like hospitals and banks, without ever sharing personal information. The technology is based on "federated learning," a method where different organizations train a shared AI model using their own data locally instead of sending it all to one place. The team led by Professor Park Chan-young from KAIST's Department of Industrial and
October 15, 2025
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MASGA adrift in US-China crossfire, Hanwha left to wait out the storm
SEOUL, October 15 (AJP) - The “Make America Shipbuilding Great Again (MASGA)” slogan—emblazoned on caps during a high-profile summit between South Korean and U.S. leaders in Washington last summer and central to a bilateral trade deal tied to a $350 billion investment package—appears to be adrift amid stalled negotiations and intensifying U.S.-China trade frictions that have now reached the seas. China's Ministry of Commerce on Tuesday invoked its anti-f
October 15, 2025
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Excavation of Korean War remains near DMZ resumes
SEOUL, October 15 (AJP) - A project to excavate the remains of South Korean soldiers killed during the 1950–53 Korean War has resumed near the Demilitarized Zone (DMZ) in Gangwon Province, the Ministry of National Defense said Wednesday. The project aims to "return the remains of war victims to their families and transform the DMZ into a zone of peace," the ministry explained. As part of a series of conciliatory efforts to ease military tensions between the two
October 15, 2025
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Hanwha Aerospace secures $105 million modular charge contract with Sweden
SEOUL, October 15 (AJP) - South Korea's Hanwha Aerospace has clinched a 150 billion won (around $105 million) deal to supply modular charge systems to Sweden, marking its second export agreement with the Nordic nation as global demand for artillery ammunition surges. The defense contractor announced on Wednesday its signing of a three-year framework agreement and initial contract with Sweden's Defense Materiel Administration (FMV) at the Association of the United States Army
October 15, 2025
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Gov't unveils stricter measures to rein in housing market
SEOUL, October 15 (AJP) - Stricter real estate and loan regulations have been expanded to cover all of Seoul and about a dozen areas in Gyeonggi Province. According to a set of government measures announced by the Ministry of Land, Infrastructure and Transport and related ministries, the so-called speculative zones, previously limited to several districts in Gangnam and Yongsan, now cover all 25 districts of Seoul as well as parts of Gyeonggi Province such as Anyang, Gwacheon, G
October 15, 2025
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Korea's FDI dips 18% as of Q3 2025 amid weak M&A and currency
SEOUL, October 15 (AJP) - Foreign direct investment (FDI) in South Korea fell 18 percent in the first nine months of 2025 from a year earlier, hit by sluggish merger and acquisition (M&A) activity, political uncertainty, and the Korean won’s steep depreciation against the U.S. dollar, the Ministry of Trade, Industry and Energy said Tuesday. Cumulative FDI pledges as of the third quarter stood at $20.65 billion, down from $25.18 billion a year earlier. Actual arrivals al
October 15, 2025
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Team Seoul back in Washington to settle a trade deal
SEOUL, October 15 (AJP) -Senior South Korean government officials are back in Washington amid hints of progress in talks over a long-stalled trade deal that could reshape tariff policies and foreign exchange safeguards tied to a pledged $350 billion investment package. Presidential policy chief Kim Yong-beom and Industry Minister Kim Jung-kwan will join Trade Minister Yeo Han-koo in the U.S. capital this week to seek a breakthrough, as delays in negotiations have begun weigh
October 15, 2025