Latest
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Trump orders cut to US-S. Korea joint military drill
SEOUL, August 17 (AJP) - Hours before South Korea and the United States opened their largest annual exercise, United States President Donald Trump said he had ordered the Pentagon to substantially reduce joint military drills on the peninsula, pointing to his relationship with North Korean leader Kim Jong Un. Trump wrote on Truth Social that he was not happy the U.S. had agreed long ago to take part in the exercises, which he called costly and largely paid for by Washington. He
August 17, 2026
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Rain eases South Gyeongsang drought but triggers landslide alerts
SEOUL, August 16 (AJP) - South Gyeongsang province saw as much as 114.5 millimeters of rain on Sunday, easing a punishing stretch of heat and drought, even as torrential downpours in mountainous areas prompted heightened landslide warnings and scattered flooding. The Korea Meteorological Administration said the heaviest accumulation as of 3 p.m. was recorded at Geumnam in Hadong at 114.5 mm, followed by 99.5 mm on Mount Jiri in Sancheong and 92.5 mm in Hadong, with most key sites lo
August 16, 2026
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Chey seeks stock-cash mix in $666 million divorce, ex-wife holds out for cash
SEOUL, August 16 (AJP) - SK Group Chairman Chey Tae-won balked at a court order to hand his former wife 944 billion won ($666.3 million) in cash because the two sides could not agree on how the record divorce settlement should be paid. Chey, 65, proposed settling part of the award with SK shares alongside cash, but Roh Soh-yeong, 65, the director of the Art Center Nabi and daughter of a former South Korean president, insisted on the full amount in cash, the legal sources said Sunday
August 16, 2026
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Most workers see bias against fixed-term staff, survey finds
SEOUL, August 16 (AJP) - About 80 percent of South Korean workers believe discrimination exists between fixed-term and permanent employees, according to a survey released on Sunday, underscoring persistent tensions in the country's labor market as the government weighs loosening rules on non-regular hiring. The civic group Gabjil 119 said 80.4 percent of respondents to a poll conducted between June 1 and 7 said such discrimination was present. The survey, carried out by Globa
August 16, 2026
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LG Electronics opens second Brazil plant to press Global South push
SEOUL, August 16 (AJP) - LG Electronics has begun production at a new home-appliance plant in Brazil, deepening its drive into the Global South as the South Korean group leans on emerging markets to offset softening demand in the developed world. The factory in Parana state started operations on Thursday, the company said Sunday, becoming its second production base in Brazil after the Manaus plant established in the Amazonas state in 1996. The site can turn out about 600,000 refrige
August 16, 2026
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Gartner sees one in five firms pulling back on AI by 2028 as costs mount
SEOUL, August 16 (AJP) - South Korean companies racing to embed artificial intelligence across their operations face a mounting threat that has little to do with the technology itself: the bill. By 2028, about one in five organizations worldwide will scale back or abandon AI in parts of their operations and return to conventional software development, unable to rein in runaway costs, according to research from Gartner. The retreat is expected to concentrate in areas where the ret
August 16, 2026
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Korean retail investors reload on risk at home, abroad
SEOUL, August 15 (AJP) - South Korean retail investors are edging back into risk after July's market washout, with brokerage cash returning above 100 trillion won, margin borrowing rising for a seventh straight session and traders piling back into a triple-leveraged U.S. semiconductor fund. Investor deposits — cash sitting in brokerage accounts and available for securities purchases — rose to 100.07 trillion won ($70.6 billion) on Aug. 13, up 91.9 billion won from
August 15, 2026
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Samsung, hynix literally 'people's stocks' with entries near 1 in 4 Koreans
SEOUL, August 15 (AJP) - Minority-shareholder entries at Samsung Electronics and SK hynix nearly doubled from a year earlier to 11.43 million at the end of June, a tally equivalent to about 22 percent of South Korea's population, underscoring how the first-half chip frenzy dramatically broadened ownership of the country's two memory giants. Minority shareholders held nearly seven out of every 10 shares in both chipmakers — 66.24 percent of Samsung Electronics and 67
August 15, 2026
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Sogang University latest to report data breach in Korea
SEOUL, August 15 (AJP) -Sogang University has become the latest South Korean institution to report a data breach, adding to a series of cyber incidents that have exposed vulnerabilities across the country's corporate, government and education systems. The private elite university in Seoul said an external attacker gained unauthorized access to its integrated login system on Aug. 11 through a brute-force attack, in which large numbers of password combinations are tried until ac
August 15, 2026
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Grammys rethink Asian pop award after BTS pullout
SEOUL, August 15 (AJP) - The Recording Academy is reconsidering its newly created Asian pop Grammy category after criticism that separating music by geography and language could marginalize Asian artists, a backlash amplified by BTS's decision to sit out next year's awards. But whether any changes will come before the Aug. 21 deadline for online entries to the 2027 Grammys remains uncertain. Recording Academy CEO Harvey Mason jr. acknowledged Friday that the Best Asian
August 15, 2026