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UNC says DMZ mine incident violated Korean War armistice
SEOUL, September 30 (AJP) - The United Nations Command said Wednesday that the recent DMZ mine incident violated the Korean War armistice after an operable North Korean mine was found south of the Military Demarcation Line.
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Kim Yo Jong denies North's role in DMZ blast, warns of retaliation
SEOUL, September 30 (AJP) -Kim Yo Jong, head of the Workers’ Party’s general affairs department and sister of North Korean leader Kim Jong Un, warned Wednesday of retaliation should Seoul take military action over a DMZ mine explosion she dismissed as a “staged act.”
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Robotics, AI, bio widen KOSDAQ IPO choices
SEOUL, September 29 (AJP) - South Korea’s IPO market is showing signs of life after a sluggish first half, offering investors looking beyond the chip boom new exposure to robotics, artificial intelligence and biotech on the junior KOSDAQ exchange.
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Samsung, SK pamper Nvidia's Huang in New York
SEOUL, September 29 (AJP) -That South Korea’s chip titans and Nvidia are buddies — and codependents — is no secret. So when their customer/friend/indispensable business partner received an award for contributing to Korea-U.S. relations, Samsung Electronics and SK hynix vied to pamper Jensen Huang.
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MBK chairman to repay Homeplus rescue loan in full
SEOUL, September 29 (AJP) - MBK Partners Chairman Kim Byung-ju will repay in full the 66.4 billion won ($48.9 million) emergency loan he personally guaranteed for Homeplus, the buyout firm said Tuesday.
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Seoul insists Ukraine requested POW secrecy
SEOUL, September 29 (AJP) - Ukraine had asked South Korea to keep the transfer of two captured North Korean soldiers secret, the South Korean government reiterated Tuesday.
Korea's mortgage bomb ticks as market rates surge
SEOUL, September 29 (AJP) — Rapidly rising mortgage rates as domestic markets track a surge in U.S. Treasury yields are unnerving South Korean borrowers carrying more than $850 billion in housing debt and complicating the central bank’s fight against renewed inflationary pressure. Mortgage loans stood at 1,190.8 trillion won ($852 billion) at the end of June, accounting for about 63 percent of the country’s 1,891.3 trillion won in outstanding household loans, according to Bank
by Kim Yeon-jae
When history becomes a movie, what do viewers believe?
SEOUL, September 28 (AJP) - A South Korean title has returned to the top of the box-office rankings after a lengthy run by “Odyssey” and could become a social hot potato. “The Assassin(s),” directed by Hur Jin-ho, drew about 1.41 million moviegoers during the four-day holiday from Sept. 24 to 27. Its cumulative audience reached 1.57 million by Sunday. The reviews told a more complicated story. Early Monday, the film held a 92 percent CGV Egg Index and an 8.6
Samsung Q3 income to top $70 bn: consensus
SEOUL, September 29 (AJP) - Samsung Electronics is expected to extend its milestone-setting earnings streak in the quarter ended September, eyeing a three-month operating profit of more than 100 trillion won ($70 billion) as the global memory boom rolls on. A recent one-month consensus compiled by financial data provider FnGuide puts July-September operating profit at around 106 trillion won, topping the previous quarterly record of 89.5 trillion won set just three months earlier. Revenue is pr
South Korea's unequal starting lines for love and connection
SEOUL, September 28 (AJP) - Young South Koreans are becoming more homebound and even reclusive, and a new study points to an educational divide in their social connections in a society still heavily preoccupied with university diplomas. Young adults without a four-year university education and those from outside Seoul showed weaker social connections across several measures, according to a National Assembly Futures Institute (NAFI) study based on a nationwide survey of 5,185 people aged 19 to 3
Defense chief says North Korean mines breached armistice
Seoul suspects Pyongyang of mine planting. So what now?
