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  SK chair sees profit from memory sales topping $100bn amid AI boom, wary of volatility SEOUL, February 22 (AJP) -The surging demand for artificial intelligence infrastructure could push operating profit at SK hynix beyond $100 billion in the near term, but the chip operation is equally at risk of an unprecedented volatility, said Chey Tae-won, chairman of SK Group. Speaking at the Trans-Pacific Dialogue (TPD) 2026 held Feb. 20–21 at the Salamander Washington DC, Chey said AI is fundamentally transforming industrial structures worldwide. The Trans-Pacific February 22, 2026
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  'The King's Warden' on track to become Korea's biggest box-office hit after "Exhuma" SEOUL, February 22 (AJP) -"The King’s Warden" is rapidly emerging as South Korea’s next potential 10-million-viewer blockbuster, signaling a renewed appetite for domestic cinema after a year without a mega hit following "Exhuma" in 2024. According to the Korean Film Council’s integrated box office database, the historical drama drew 581,184 admissions on Friday, ranking No. 1 for the day. Its cumulative audience reached 5,260,595. Given p February 22, 2026
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  Aboard India's Indigenous Aircraft Carrier INS Vikrant VISAKHAPATNAM, INDIA, February 22 (AJP) - About 10 miles off Vizag Port, our small vessel — packed with around 80 local and international journalists — cuts through the swells for 30 to 40 minutes. Then, without warning, it appears. A vast steel wall, rising slowly over the horizon. INS Vikrant. India's first indigenous aircraft carrier. It takes several more minutes to pull alongside her and for the boarding bridge to be secured. Nobody speaks much. We are all ju February 22, 2026
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  Short track, snowboard lead Korea's charge as Milan–Cortina Olympics close SEOUL, February 22 (AJP) - The 2026 Milan–Cortina Winter Olympics drew to a close Sunday, ending 17 days of competition that tested a new model of decentralized hosting while offering South Korea renewed confidence in its next generation of winter athletes. The Games, held across northern Italy and officially titled the Milan–Cortina d’Ampezzo Olympics, featured venues spread over hundreds of kilometers, making it the most geographically dispersed Winter Games i February 22, 2026
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  ANALYSIS: Trump raises global tariff to 15% and what it means for Korea SEOUL, February 22 (AJP) -President Donald Trump has moved to raise a blanket U.S. import tariff to 15 percent, up from 10 percent, after the Supreme Court of the United States on Friday struck down much of his second-term tariff regime, renewing trade pressure on surplus-running countries such as South Korea. The new rate, 10 to 15 percent, replaces many duties invalidated by the court and takes effect immediately. It is being imposed under Section 122 of the Trade Act of 1974, a February 22, 2026
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  South Korean presidential office to monitor US trade measures after court ruling SEOUL, February 21 (AJP) - The South Korean presidential office said Saturday it will closely monitor follow-up trade actions by the United States and global trends after the US Supreme Court invalidated broad tariffs on South Korean goods. National Security Adviser Wi Sung-lac and Kim Yong-beom, the presidential chief of staff for policy, co-chaired a joint meeting of relevant ministries to discuss the fallout. The session followed a 6-3 US Supreme Court decision on Friday that r February 21, 2026
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  South Korean prime minister signals cautious review of trade deal after US court ruling SEOUL, February 21 (AJP) - Prime Minister Kim Min-seok said Saturday that South Korea will "wisely" monitor the situation following a US Supreme Court decision that invalidated a key tariff program, suggesting possible adjustments to a previous bilateral trade agreement. The remarks, made during a public briefing in the city of Pohang on Saturday afternoon, address the potential fallout from a 6-3 ruling by the US Supreme Court on Friday. The court found that President D February 21, 2026
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  US trade representative signals new tariff investigations likely to include South Korea SEOUL, February 21 (AJP) - The United States plans to launch broad trade investigations that are expected to target South Korea as President Donald Trump's administration seeks to replace a tariff program recently struck down by the US Supreme Court. US Trade Representative Jamieson Greer said in a statement on Friday (local time) that new investigations under Section 301 of the Trade Act of 1974 will likely cover most major trading partners. These probes allow the US governme February 21, 2026
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  White house to exempt cars and minerals from new 10 percent tariff SEOUL, February 21 (AJP) - The White House has made a decision that could provide significant relief for South Korean manufacturers, announcing Friday (local time) that it will exclude passenger cars and critical minerals from a new 10 percent import tax. The exemptions were included in a proclamation for a new temporary import surcharge that takes effect at 12:01 a.m. on February 24. This new policy follows a United States Supreme Court ruling earlier that day that struck down th February 21, 2026
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  OPINION: $10 Trillion "Trump Effect" Boomerang - a turning point for US-led trade order “Wherever law ends, tyranny begins.” — John Locke The U.S. Supreme Court’s decision on February 20, 2026, will be remembered less as a trade ruling than as a constitutional moment. In a 6–3 judgment, the Court struck down President Donald J. Trump’s sweeping global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), concluding that the statute did not authorize the president to levy what were, in substance, taxes. February 21, 2026