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SK hynix Q2 to show how much its all-in AI bet is paying off SEOUL, July 27 (AJP) - China's rising chip darling and IPO blockbuster CXMT may be catching up fast, while local archrival Samsung Electronics bristles at the comparison. But in the AI memory race, this year still belongs to SK hynix.
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China's CXMT armed with $8.6 billion war chest to chase Korean DRAM giants SEOUL, July 27 (AJP) - China's spectacular stock market debut of memory chipmaker CXMT Corp. on Monday handed the country's DRAM champion an $8.6 billion war chest to accelerate its pursuit of South Korea's Samsung Electronics and SK hynix.
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Tariffs shouldn't define Korea-U.S. partnership: AMCHAM chief SEOUL, July 27 (AJP) - A fresh round of U.S. tariffs may cloud the Korea-U.S. economic relationship, but they should not define one of the world's deepest strategic business partnerships, according to James Kim, chairman and CEO of the American Chamber of Commerce in Korea.
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Large-scale K-pop festival planned for launch next year with global ambitions
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South Korea enters peak heat wave after monsoon fades
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How AI redrew the chip map and put Korea at its center SEOUL, July 27 (AJP) -The generative artificial intelligence boom has not simply created another semiconductor supercycle. It has redrawn the geography of the global chip industry. -
Silicon Valley VC courtship lifts KOSDAQ on hopes for startup capital SEOUL, July 27 (AJP) — President Lee Jae Myung's Silicon Valley outreach to some of the world's most influential venture capital firms gave South Korea's startup-heavy KOSDAQ a lift on Monday, even as enthusiasm surrounding his AI diplomacy over the weekend failed to spill over to the broader stock market. -
Ex-President Yoon's 2022 campaign statements ruled false SEOUL, July 27 (AJP) - A South Korean court on Monday sentenced former President Yoon Suk Yeol to 18 months in prison, suspended for three years, after finding him guilty of making false statements during the campaign that carried him to the presidency in 2022. -
Incheon airport braces for summer rush with nearly 4 million travelers SEOUL, July 27 (AJP) -South Korea's main gateway is preparing for one of its busiest summer holiday periods on record, with nearly 3.8 million passengers expected to pass through Incheon International Airport over just 17 days as inbound tourism continues to rebound.
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The East joins the West in the survival game against extreme heat SEOUL, July 27 (AJP) - South Korea joined the global survival game against extreme heat on Monday as temperatures neared 40 degrees Celsius after the monsoon fizzled out, emptying streets and farm fields alike. Children and office workers, farmers and foreign tourists alike searched for clever ways to stay cool, crowding shopping malls, subway stations and other air-conditioned spaces. By 3 p.m., the government raised the national heat crisis alert to "grave," its highest level, and a by Lee Jung-woo
When merits break: Will cockroach movement test Asia's youths?
SEOUL, July 26 (AJP) - The most remarkable thing about India's Cockroach movement is not that it forced the resignation of a cabinet minister. It is that it began with an insult. When a senior judge reportedly dismissed unemployed young Indians as "cockroaches" and "parasites," Generation Z did something previous generations rarely attempted. Instead of rejecting the slur, they adopted it, transforming a satirical Instagram page into a nationwide movement that ultimately
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Why Nvidia needs Korea as much as Korea needs Nvidia SEOUL, July 27 (AJP) - When Jensen Huang toured Seoul last month, Nvidia's chief executive said he had found a full five-layer AI cake in South Korea. Over the weekend, he stayed true to that discovery, emerging as both the biggest customer and investor in that cake. Nvidia placed itself at the center of South Korea's all-out AI push as Huang headlined the government-hosted AI summit in San Francisco before joining President Lee Jae Myung and Korea's business leaders for a relaxed w
Won breaks from yen as SK hynix dollar flows reshape FX outlook
SEOUL, July 24 (AJP) - "Excess volatility is undesirable." That identical message from the U.S. Treasury Department applied to both the South Korean won and Japanese yen in its latest semiannual currency report to Congress, even as it kept both countries on its monitoring list. Treasury said recent depreciation pressures were not in line with South Korea's strong economic fundamentals and reiterated that foreign-exchange intervention should be reserved only for episodes of excess
