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Samsung's non-chip employees to hold rally streak near chair's home
SEOUL, September 05 (AJP) -Samsung Electronics' unionized employees in non-chip operations are planning a rally streak near Chairman Lee Jae-yong's residence in Hannam-dong, central Seoul, from Sept. 18, taking their demands for fairer compensation amid the chip windfall closer to the top of the C-suite.
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Trump post turns up pressure on Seoul to arm Ukraine
SEOUL, September 05 (AJP) -South Korea, already under U.S. pressure to contribute to security operations around the Strait of Hormuz, is facing a second test of its military restraint as President Donald Trump amplified a call for Seoul to provide Ukraine with Korean-made missile interceptors.
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Seoul court upholds record fine on UBS over naked short selling
SEOUL, September 05 (AJP) -A South Korean court has upheld a 16.94 billion won ($12.2 million) penalty imposed on Credit Suisse for naked short selling, rejecting UBS's argument that shares used as collateral remained under the investment bank's ownership.
Will America risk New York for Seoul?
SEOUL, September 03 (AJP) - U.S. President Donald Trump wants to meet North Korean leader Kim Jong-un and ordered scale-back in U.S.-South Korea military drills that anger Pyongyang and cost Washington heavily, reigniting a long-running question in Seoul: Should South Korea arm itself with nuclear weapons? Once taboo, the idea is gaining broader public acceptance. Sixty-five percent of South Koreans support the country possessing nuclear weapons, while 30 percent oppose it, according to the la
by Lee Jung-woo
Uzbekistan looks to its Islamic golden age to build a new future
SEOUL, September 02 (AJP) - The Center for Islamic Civilization, sprawling across a site roughly the size of 14 soccer fields, embodies in its glittering magnificence and grandeur what “New Uzbekistan” envisions: ushering a young, increasingly digital population into the AI age while keeping it firmly anchored in Islamic heritage and spirituality. The sprawling cultural and research complex cost about $161.8 million to build, according to a government construction directorate. Its t
Chip windfall finally arrives on the FX front
SEOUL, September 04 (AJP) - The South Korean won is looking entirely different from the first half, closing at its strongest level in 14 months Friday as a swelling current-account surplus increasingly offsets heavy overseas equity investment and other capital outflows, giving authorities room to absorb a reported $20 billion in dollars from SK hynix's landmark U.S. share sale without reversing the currency's rally. The dollar fell 8.9 won to close Friday's daytime trading at 1,350.
AI spending binge steepens Korea's bond curve
SEOUL, September 03 (AJP) - As the race for AI supremacy sends government and corporate spending into the stratosphere, investors are demanding more to lend for decades — a shift showing up starkly in South Korea, where yields have risen progressively faster toward the long end of the government bond curve. The yield chart over the past year shows an increasingly steep repricing toward longer maturities. The 30-year yield has climbed the most, touching a record 4.751 percent in August, wh
Hyundai, POSCO break ground on $5.8 billion low-carbon steel mill in Louisiana
Samsung's non-chip union takes wage-gap protest to Times Square
