Samsung's processor shows big leap, closing in on Qualcomm

SEOUL, September 03 (AJP) - Samsung Electronics’ next-generation Exynos processor has posted benchmark scores close to those of Qualcomm’s top chip, raising expectations that the company’s in-house silicon could return to its flagship smartphones next year. According to results released Wednesday by Geekbench and industry reports, the Exynos 2600 recorded a single-core score of 3,309 and a multi-core score of 11,256. Qualcomm’s upcoming Snapdragon 8 Elite sec

September 3, 2025

South Korea signals fresh push to join Asia-Pacific trade bloc

SEOUL, September 3 (AJP) - The South Korean government said on Wednesday that it would consider joining a sweeping Asia-Pacific trade pact, reviving long-dormant discussions as the country looks to diversify export markets amid heightened uncertainty over U.S. trade policy. The announcement came during an economic ministers’ meeting led by Deputy Prime Minister and Finance Minister Koo Yoon-cheol, where officials also outlined support measures for exporters hit by recent tarif

September 3, 2025

LG Energy Solution lands major battery deal with Mercedes-Benz

SEOUL, September 03 (AJP) - LG Energy Solution said Wednesday that it had signed a major supply agreement with Mercedes-Benz to provide electric vehicle batteries for the German automaker’s European and U.S. operations. The deal, disclosed in a regulatory filing, covers two contracts. In Europe, LG Energy Solution will deliver 32 gigawatt-hours of batteries from August 2028 through late 2035. In the United States, it will supply 75 gigawatt-hours beginning in July 2029 and c

September 3, 2025

Hyundai, Kia power Korean EV market to strong rebound

SEOUL, September 03 (AJP) - South Korea’s electric vehicle market is showing signs of revival this year, fueled by a wave of new models from Hyundai and Kia after several years of declining sales. From January through July, registrations of new electric vehicles reached 118,047, according to data released Wednesday by the Ministry of Land, Infrastructure and Transport. The figure represents a 46.7 percent increase from the same period a year earlier and pushed cumulative

September 3, 2025

South Korea's economy rebounds on strong exports, consumer spending

SEOUL, September 3 (AJP) - South Korea’s economy returned to growth in the second quarter, lifted by a revival in consumer spending and a surge in exports, the central bank said Wednesday. Gross domestic product expanded 0.7 percent from the previous quarter, according to revised figures from the Bank of Korea. That was slightly higher than the 0.6 percent preliminary estimate issued in July and a reversal from the 0.2 percent contraction recorded in the first three months of

September 3, 2025

Gold prices soar on US rate cut expectations, geopolitical strains

SEOUL, September 03 (AJP) - Gold prices surged to fresh records on Tuesday (local time), fueled by mounting expectations of U.S. Federal Reserve interest rate cuts and heightened geopolitical uncertainty. Spot gold climbed to $3,530 an ounce on Sept. 2, topping the previous peak of $3,500 set in April. Futures contracts on the Commodity Exchange rose even higher, touching about $3,600 an ounce during the session. The rally comes as investors increasingly bet that the Fed will l

September 3, 2025

Trump says 'not concerned at all' on Beijing military parade

SEOUL, September 3 (AJP) - U.S. President Donald Trump on Tuesday brushed off suggestions that deepening ties among China, Russia and North Korea posed a challenge to Washington as the leaders of those countries gathered in Beijing for a military parade. In an interview with the Scott Jennings Radio Show, Trump said he was "not concerned at all" about the possibility of an "axis" against the United States. He added, "They would never use their military on us

September 3, 2025

South Korea begins Security Council presidency, to host debate on AI

SEOUL, September 3 (AJP) - South Korea on Tuesday (local time) began its one-month term as president of the United Nations Security Council, confirming the agenda for September and taking up the role of chairing the council's meetings. As its main event, South Korea will hold a high-level open debate on artificial intelligence and its implications for international peace and security. President Lee Jae Myung is scheduled to preside over the session on September 24 at UN headqu

September 3, 2025

Kim Jong-un joins Xi, Putin at Beijing military parade, daughter absent from ceremony

SEOUL, September 03 (AJP) - For the first time in 66 years, the leaders of North Korea, China, and Russia stood side by side as Kim Jong-un joined Chinese President Xi Jinping and Russian President Vladimir Putin at China’s "Victory Day" military parade on Wednesday. The parade, marking the 80th anniversary of the end of World War II, began at 9 a.m. in Beijing's Tiananmen Square. Official photographs showed Xi at the center with his wife, Peng Liyuan, to his l

September 3, 2025

South Korea unveils $10.2 billion emergency support for tariff-hit exporters

SEOUL, September 03 (AJP) - The South Korean government on Wednesday announced a sweeping 13.6 trillion won ($10.2 billion) relief package aimed at helping exporters weather U.S. tariffs, while expanding trade financing to a record 270 trillion won ($203 billion). The measures, unveiled during a joint meeting of economic ministers and industry officials, are designed to offset the burden of recently negotiated tariffs with Washington. Under the agreement, South Korea and the Un

September 3, 2025