South Korea Bets $100 Billion on AI: A Risky Gamble?

SEOUL, September 26 (AJP) - South Korea's $100 Billion AI Bet: A Risky Gamble? The New York Times recently likened data centers to thermometers of the tech industry's health and symbols of the AI bubble. This duality highlights the contradictions of the AI era. Building a data center costs billions, requiring GPUs, cooling technology, power grids, and stable sites. Despite this, companies like Google, Microsoft, and Amazon are increasing investments. Countries like Jap

September 26, 2025

PHOTOS: Highland harvest in full swing

SEOUL, September 25 (AJP) - The hills of Daegwallyeong, South Korea's largest production base for prized highland vegetables, are typically a scene of bustling harvest activity as the nation prepares for the major fall holiday, Chuseok. The annual harvest of goraengji baechu (highland cabbage) and goraengji mu (highland radish) is in full swing. These vegetables are distinct because they are exclusively grown in regions situated 1,000 meters or more above sea level, giving the

September 25, 2025

North Korea now 'has 2,000 kg of highly enriched uranium'

SEOUL, September 25 (AJP) - North Korea is believed to possess up to 2,000 kg of highly enriched uranium (HEU), which could be used to produce nuclear weapons, Minister of Unification Chung Dong-young said on Thursday. "Estimates suggest that North Korea's HEU stockpiles are around 2,000 kg," he said during a press conference in Seoul, citing assessments from experts. If accurate, this would be enough for roughly 100 nuclear weapons, as 20 to 25 kg of uranium is suf

September 25, 2025

K-beauty popularity props up Busan's tourism and retail market

BUSAN, September 25 (AJP) - South Korea’s southern port city of Busan is riding a surge of foreign arrivals as more visitors venture beyond the capital region — and beauty chain Olive Young is reaping the rewards. According to Busan metropolitan authorities, foreign tourist arrivals reached 2.03 million through July, up 23 percent from a year earlier. The influx has delivered a welcome boost to the local retail market. International purchases at Busan Olive Young outlets

September 25, 2025

Korea's birth growth streak hits 13 mos, gains skewed to capital and better-off

SEOUL, September 25 (AJP) - Korea's birth tally has grown for 13 consecutive months, offering a rare silver lining in the country's demographic crisis as more young people show willingness to marry and have children. But experts warn the rebound is heavily concentrated in Seoul and the capital region — and largely confined to better-off couples. According to Statistics Korea, 21,803 babies were born in July, up 1,223 or 5.9 percent from a year earlier and the larges

September 25, 2025

Seoul claims progress in wartime command transfer talk with US

SEOUL, September 25 (AJP) - Seoul claims it has made substantial strides in latest round of negotiation with Washington on the transfer of U.S. wartime operational control (OPCON) to South Korea. The 27th Korea-U.S. Integrated Defense Dialogue (KIDD), a regular consultative meeting between the two defense ministries, was held in Seoul on Sept. 23-24, in which, the ministry said that the two have made "significant progress" toward meeting the conditions for the transfer,

September 25, 2025

Suicide Becomes Leading Cause of Death for Koreans from Teens to 40s

SEOUL, September 25 (AJP) -Suicide has become the leading cause of death among South Koreans from their teens through their 40s, with self-inflicted deaths overtaking cancer among people in their 40s for the first time since records began in 1983, according to a government report released Wednesday. The Statistics Korea data showed suicides accounted for 26.0 percent of deaths among those in their 40s in 2024, surpassing cancer at 24.5 percent. The total number of suicide deaths re

September 25, 2025

HMM races toward net-zero as privatization battle looms

Editor's Note: This article is the 37th installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, September 25 (AJP) - South Korea's state-run sea carrier HMM is betting big on clean fuel, digitalized fleet management, and business diversification as it navigates a turbulent freight cycle and an uncertain privatization push. On Sept. 12, HMM signed a 10-ye

September 25, 2025

Kuwait revives delayed housing project with South Korean partner

SEOUL, September 25 (AJP) - South Korea’s state-run Land and Housing Corporation said Friday that work has resumed on a long-delayed housing development in Kuwait, reviving one of the Middle East’s largest urban projects. The development of Abdullah New City, located about 30 kilometers west of Kuwait City, is designed to provide 43,000 homes across 6.44 million square meters of desert land. The project, which carries an estimated budget of 23.6 trillion won, or ab

September 25, 2025

Another K-pop themed movie set for release early next year

SEOUL, September 25 (AJP) - Another K-pop themed movie has begun filming after finalizing its cast, following the success of Netflix's South Korean anime "K-Pop Demon Hunters," talent mill HYBE's U.S. branch said on Thursday. Produced by HYBE in collaboration with Paramount Pictures, the film stars singer-songwriter Eric Nam and Yoo Ji-young, an American actress of Korean descent known for her roles in American drama "Expats" on Amazon Prime Video as well

September 25, 2025