Memory chips take center stage in AI-driven semiconductor boom SEOUL, January 15 (AJP) - The rapid expansion of artificial intelligence (AI) is reshaping the global semiconductor market, propelling memory chips, once considered a cyclical commodity, to the forefront of the industry's future growth engine. Amid a heated race for data centers to build AI servers and inference systems, demand for high-bandwidth memory (HBM), server-grade DRAM, and storage has surged, creating what analysts describe as a rare "triple supercycle" in th January 15, 2026

Pictures from Nara SEOUL, January 15 (AJP) -Drumbeats, temple corridors and carefully choreographed cultural gestures took center stage during South Korean President Lee Jae Myung’s brief two-day visit to Nara Prefecture, a trip that emphasized symbolism and atmosphere over contentious diplomatic files. Lee visited Nara at the invitation of Japanese Prime Minister Sanae Takaichi, wrapping up his fifth overseas trip since taking office and his second summit with the Japanese leader before depa January 15, 2026

South Korean defense ETFs surge as geopolitical tensions mount SEOUL, January 15 (AJP) -Growing geopolitical risks from Ukraine to Venezuela and Iran have lifted South Korean defense-related exchange-traded funds (ETFs) to the top of the country’s stock market rankings this year, outpacing even the red-hot semiconductor sector. According to ETFCheck data as of Tuesday, leveraged defense ETFs dominated the performance leaderboard. The PLUS K-Defense Leverage and KODEX K-Defense TOP10 Leverage surged 61.2 percent and 60.9 percent, respe January 15, 2026

Korea's new regional airline targets islands and emergency medical transport SEOUL, January 15 (AJP) - South Korea's new regional airline SUM Air, which aims to become a major transport link between regional areas and islands, unveiled its first brand-new aircraft at Gimpo International Airport on Thursday. The carrier plans to connect underserved islands and provide essential medical transport services, positioning itself as the only airline capable of serving various island airports. As a Regional Air Mobility (RAM) operator led by CEO Choi Yong-du January 15, 2026

Korea moves fast on Grok as global deepfake backlash grows SEOUL, January 15 (AJP) — South Korea has taken its first regulatory steps targeting xAI’s chatbot Grok, as governments worldwide step up scrutiny of generative AI tools over deepfake abuse and illegal content. The Korea Media and Communications Commission (KMCC) on Wednesday sent an official notice to X requesting stronger safety measures for Grok, including tighter controls on harmful content and stricter restrictions on minors’ access. The commission also January 15, 2026

As China exports its surplus, Korea, Germany and Japan pay the industrial price SEOUL, January 15 (AJP) -China logged a record $1.19 trillion trade surplus in 2025, underscoring the resilience of its export engine despite renewed U.S. tariff pressure — and sharpening competitive strain on other manufacturing economies from South Korea to Germany and Japan. According to China’s General Administration of Customs, the surplus expanded by roughly 20 percent from 2024, even as exports to the United States fell by about 20 percent following tou January 15, 2026

Thousands of sculptures on display at annual art fair in Seoul SEOUL, January 15 (AJP) - The annual Seoul International Sculpture Festa kicked off its monthlong run at COEX in Samseong-dong, southern Seoul on Thursday. Now in its 15th year, the event is solely dedicated to exhibiting sculptures, drawing numerous art enthusiasts every year. This year's exhibition features around 2,000 works from approximately 480 artists. January 15, 2026

Foreign workers' visa applications for this year to begin late this month SEOUL, January 15 (AJP) - The Ministry of Employment and Labor said Thursday it will accept applications for new employment permits under its E-9 visa program in five rounds this year, allowing companies facing labor shortages to hire foreign workers. The first round of applications will run from Jan. 26 to Feb. 10, followed by additional rounds in April, July, September, and November. According to the ministry, companies can apply depending on their business conditions and sta January 15, 2026

BOK stays pat and signals end to rate cuts amid prolonged won weakness SEOUL, January 15 (AJP) — The Bank of Korea’s decision to hold its policy rate at 2.5 percent on Thursday came with an unusual backdrop: a rare public intervention by the U.S. Treasury secretary and a detailed defense by a deputy governor, highlighting how Korean won's fragility has become central in both fiscal and monetary policy calculus. The central bank unanimously voted to keep the benchmark rate unchanged at its first rate-setting meeting of the year, extend January 15, 2026

Four-term lawmaker Seo Young-kyo announces bid for Seoul mayor SEOUL, January 15 (AJP) - Lawmaker Seo Young-kyo of the ruling Democratic Party (DP) announced her bid for Seoul mayor on Thursday, vowing to "transform the capital into a leading global economic and cultural hub." At a press conference at the National Assembly on Thursday, months ahead of local elections slated for June 3, the four-term lawmaker said Seoul must turn into a "city where Seoul citizens are truly the owners," pledging to deliver "proven resul January 15, 2026