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Not everyone in Korea stock-crazy. Some chase Pokémon cards instead SEOUL, June 30 (AJP) - For many South Koreans in their 20s and 30s, priced out of homeownership and wary of the stock market, a rare Pokémon card has become both a comfort and a hard-won luxury.
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Chipflation fears cool Korea's chip output SEOUL, June 30 (AJP) - South Korea's sharp pullback in chip output in May is adding to signs that the global memory crunch is no longer confined to data centers, with chipflation from soaring memory prices beginning to strain consumer spending and factory floors.
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Canada submarine race turns winner-take-all as final decision nears SEOUL, June 30 (AJP) - Canada's multibillion-dollar submarine competition is increasingly shaping into a winner-take-all contest after the country's defense minister publicly highlighted the financial and operational drawbacks of operating two different submarine fleets.
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Samsung, SK hynix unveil combined 825 tln won investment plans for southwest Korea
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Netflix viewers are becoming Korea's newest tourists, data shows
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Seoul to roll out Korea's first Level 4 robotaxi service this fall SEOUL, June 30 (AJP) - Seoul metropolitan government announced Tuesday that it will become the first city in South Korea to put a Level 4 autonomous taxi on the road, with the self-driving service set to launch in November. -
Margin-driven stock selloffs quadruple amid volatile KOSPI swings SEOUL, June 30 (AJP) - Involuntary stock selloffs more than quadrupled last week after a sharp market decline left many retail investors unable to pay for shares they had purchased. -
Korea lowers oil crisis alert as supplies stabilize after ceasefire SEOUL, June 30 (AJP) - South Korea's government downgraded its resource security crisis alert for crude oil from "caution" to "watch," the second-lowest of four tiers, citing the U.S.-Iran ceasefire and a steady recovery in energy supplies. -
Samsung, SK, and Micron face class action amid consumer IT price surge SEOUL, June 30 (AJP) -A U.S. antitrust class action accusing Samsung Electronics and SK hynix of South Korea and U.S. chipmaker Micron Technology who dominate the global random memory market of conspiring to restrict conventional memory supplie.
ASIA Insight>
Two weak currencies, two different stories: Indonesia and Korea SEOUL, June 30 (AJP) - Crisis-era exchange rates and relentless foreign stock selling have become familiar headaches for policymakers in both Indonesia and South Korea. At first glance, the two economies appear to face the same challenge. A closer look tells a different story. The Indonesian rupiah's slide to record-low territory has revived memories of past currency crises, putting renewed pressure on Jakarta as investors question whether the country's external buffers are strong enoug by Kim Yeon-jae
Europe's sweltering heatwave signals climate extremes in Asia and elsewhere
SEOUL, June 30 (AJP) - Europe is in the grip of another sweltering heatwave. Across the continent, from Denmark and Germany to Switzerland and France, temperatures have surged to record or near-record levels. At least 94 million people across Europe have been exposed to extreme heat of 35 degrees Celsius or higher, while more than 350 million people, roughly two-thirds of the continent's population, are living in areas where temperatures have exceeded 30 degrees Celsius, according to recent
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Today's Photo
Heat advisory grips Seoul while monsoon approaches
Today's Cut
Jang Wonyoung shines at Dr. Althea event
AJP Focus>
Samsung Elec Q2 to raise the bar on blockbuster earnings SEOUL, June 30 (AJP) - Samsung Electronics is widely expected to deliver another blockbuster quarter when it issues preliminary second-quarter earnings guidance next week, reflecting a 60 to 70 percent surge in mass-market memory prices and explosive demand for lucrative high-bandwidth memory (HBM) chips used in artificial intelligence. According to market consensus compiled by FnGuide, Samsung is projected to post second-quarter revenue of 166.76 trillion won ($120.3 billion) and operating pro
KOSPI's volatility deepens on fragile foundation
SEOUL, June 29 (AJP) - South Korea's stock market still looks spectacular despite its recent correction. Underneath, however, the rally is becoming increasingly narrow, speculative and volatile—three characteristics that help explain why the Korean won remains stuck near crisis-era levels despite the soaring benchmark. The latest evidence came Monday as the market's advance-decline ratio (ADR), a widely watched measure of market breadth, remained in oversold territory, highlightin
