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Trump confirms South Korea-backed U.S. energy projects including Alaska LNG SEOUL, October 01 (AJP) -U.S. President Donald Trump announced Wednesday a sweeping package of South Korean-backed energy investments spanning a gas-fired power plant in Texas, eight large-scale nuclear reactors and the Alaska liquefied natural gas project.
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DMZ mine blast highlights long road to recovery for injured troops SEOUL, September 30 (AJP) - A landmine blast in the Demilitarized Zone has become a political and security flashpoint after the United Nations Command attributed the explosions to North Korean mines and declared a violation of the Korean War armistice.
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Korea signals fiscal backstop as bond yields squeeze borrowers SEOUL, September 30 (AJP) — Seoul authorities armed with greater fiscal firepower from a chip-driven tax windfall signaled plans to buy back government bonds or curb new issuance to tame rising yields, potentially giving the central bank more room to sustain its fight against inflation.
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Seoul's spy agency claims Ukraine asked POW transfer keep sealed
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UNC says DMZ mine incident violated Korean War armistice
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Crisis Group warns DMZ blast raises escalation risks SEOUL, September 30 (AJP) - A recent land mine explosion in the Demilitarized Zone has underscored the risk of unintended escalation between the two Koreas at a time when Seoul and Washington are exploring renewed diplomacy with Pyongyang, experts at the International Crisis Group said Wednesday. -
BOK to add gold to its coffers for the first time since 2013 SEOUL, September 30 (AJP) — The Bank of Korea (BOK) is going gold shopping in December for the first time since February 2013, adding about one metric ton of domestically produced bullion to its foreign reserves. -
Korean securities issues plunge nearly 40% Aug amid rising yields SEOUL, September 30 (AJP) —South Korean securities offerings fell 38 percent on month in August on sluggish stock market and bond demand from higher rates, government data showed Wednesday. -
Korea's Aug factory output in steepest decline in 10 months SEOUL, September 30 (AJP) — South Korea's factory output tumbled 5.1 percent in August, while retail sales fell for a second month and equipment investment reversed July's gain, government data showed Wednesday.
ASIA Insight>
Big on scale, Asian Games competes for divided attention SEOUL, September 30 (AJP) - Takuya Enomoto knows the Asian Games are taking place in his country. He checks the results every day. Watching them is another matter. “I don't really have the time,” said Enomoto, a 33-year-old pharmacist in Japan. “It's not like the Olympics, where there's a lot of hype.” Busy with work, he rarely goes out of his way to watch an event live. Instead, he opens Yahoo once a day to check the scores. “That doesn't take th by Joonha Yoo
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
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Today's Photo
Seoul disability policy fair held at DDP
Today's Photo
Seoul disability policy fair held at DDP
AJP Focus>
For young Koreans, subscriptions make more sense than ownership SEOUL, September 30 (AJP) - A recent Samsung Electronics sales pitch for newlyweds in Cheongdam, a high-end shopping district in southern Seoul, was unusual: the familiar lineup of refrigerators, washing machines and TVs was missing. Instead, the household appliance giant was selling a subscription package: kitchen and living room appliances bundled with care services and tailored to the size of a couple’s first home. The pitch reflected a changing calculation among younger South Koreans
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
