KOSPI extends losses as chipmakers' strong earnings fail to lift sentiment SEOUL, July 30 (AJP) - South Korean stocks extended losses for a third straight session on Thursday, with the benchmark KOSPI hovering around 5,600 points despite strong foreign and institutional buying, as retail investors sold shares following this week's market rout. The index opened higher and appeared likely to climb back above 6,000 points, but fell in afternoon trading as concerns over semiconductor demand, renewed tensions in the Middle East and a weak overnight session July 30, 2026

Military to inspect guard operations across Army corps after ammunition controversy SEOUL, July 30 (AJP) - South Korea’s military will inspect guard operations across all Army corps after controversy emerged over a front-line unit’s decision not to keep live ammunition loaded in crew-served weapons during border guard operations. According to the Joint Chiefs of Staff on Thursday, the Army’s Ground Operations Command will begin the inspection with I Corps and expand it to all subordinate corps. The review will look into whether other corps have July 30, 2026

Japan quake puts Korea's AI ambitions on seismic alert SEOUL, July 30 (AJP) - Every powerful earthquake beneath the East Sea sends more than tremors across South Korea. As the country races to build the world's next artificial intelligence manufacturing hub — from semiconductor fabs to hyperscale data centers — seismic resilience is becoming an industrial necessity rather than simply a matter of public safety. The urgency was underscored this week after a powerful earthquake struck southwestern Japan, temporarily disru July 30, 2026

New US envoy arrives in Seoul, pledges stronger alliance SEOUL, July 30 (AJP) - New U.S. Ambassador to South Korea Michelle Steel arrived in Seoul on Thursday afternoon. In a brief statement shortly after arriving at Incheon International Airport, Steel first greeted reporters in Korean, saying, "I was born in Seoul, but I stand here today representing the U.S. Standing here again brings back many emotions." Describing how she was "grateful" to be standing on South Korean soil once again, Steel said the two countries&# July 30, 2026

South Korea's RIMPAC command marks a naval coming of age SEOUL, July 30 (AJP) - South Korea crossed a milestone in its decades-long naval evolution this week by commanding the maritime component of the world's largest multinational naval exercise for the first time, underscoring Seoul's growing ambition to become a blue-water navy capable of operating far beyond the Korean Peninsula. The Republic of Korea Navy served as commander of the Combined Forces Maritime Component during this year's Rim of the Pacific Exercise (RIMPAC), July 30, 2026

South Korea mulls protection measures for platform workers under ILO convention SEOUL, July 30 (AJP) - South Korea is considering requiring delivery apps and other digital labor platforms to explain how their algorithms distribute work, as the government prepares legal changes needed to ratify a international convention protecting platform workers, the Ministry of Employment and Labor said on Thursday. It is also considering extending the right to refuse dangerous work to delivery riders, drivers and other platform workers who are not formally classified as emp July 30, 2026

Seoul's ETF fallout leaves a costly lesson and search for accountability SEOUL, July 30 (AJP) - Funeral flowers stood outside the National Assembly, while online protesters called for the "death of single-stock leveraged ETFs." Seoul authorities have been rolling out one emergency action after another for damage control as the epic downward spiral in chip stocks themed around single-stock leveraged ETFs hemorrhaged investors from pensioners to teenagers. The public anger soon evolved into a broader debate over who should bear responsibility July 30, 2026

Hanwha chairman's three sons promoted in major leadership reshuffle SEOUL, July 30 (AJP) - Hanwha Group said Thursday it will promote Chairman Kim Seung-youn’s three sons and replace the heads of five affiliates, in a major leadership reshuffle set to take effect on Aug. 1. Kim Dong-kwan, the chairman’s eldest son and vice chairman of Hanwha Group, will be promoted to senior vice chairman. Kim Dong-won, the second son and president of Hanwha Life, will become vice chairman, while Kim Dong-sun, the youngest son and vice president of Hanwh July 30, 2026

Seoul says China's stance on denuclearization unchanged SEOUL, July 30 (AJP) - South Korea's foreign ministry said Thursday that China's position on the denuclearization of the Korean Peninsula has not changed, setting the tone for a planned visit to Seoul by Chinese Foreign Minister Wang Yi, the first by a top Chinese diplomat since President Lee Jae Myung took office. Wang is expected to travel to Seoul on August 19 and 20 for talks with Foreign Minister Cho Hyun, according to diplomatic sources cited in Korean media reports, July 30, 2026

Why Kazakhstan puts more women to work than Korea or US SEOUL, July 30 (AJP) - Kazakhstan's female workforce grew again in the first quarter of 2026, extending the reach of one of the world's higher rates of working women, a distinction the Central Asian country owes less to recent policy than to a century of history. The number of employed women reached 4.527 million in the first three months of the year, up 42,600 or 0.9 percent from a year earlier, according to Kazakhstan's National Statistics Bureau under the Agency for July 30, 2026