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Korea pivots to U.S. warship market after Canada setback
SEOUL, July 09 (AJP) - South Korea's shipbuilders wasted no time dwelling on their loss in Canada's multibillion-dollar submarine contest, shifting their focus to the far larger U.S. naval market as Presidents Lee Jae Myung and Donald Trump elevated shipbuilding cooperation to the highest political level.
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KOSPI paradox – few winners among retail investors
SEOUL, July 09 (AJP) — "I demand a refund," wailed a day trader on social media after SK hynix shares plunged from their near 3 million won peak in June. Memes of disbelief, despair and fury quickly spread across Korean investing forums.
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ABC launch forum puts spotlight on Korea's AI ecosystem
SEOUL, July 09 (AJP) - Aju Media Group's new AI-focused business channel ABC held the AI Ecosystem Innovation Forum in Seoul on Thursday, bringing together government officials, technology executives and industry experts to discuss South Korea's next steps in artificial intelligence.
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Rebellions targets Seoul IPO next year, weighs US listing
SEOUL, July 09 (AJP) - South Korea's Rebellions, a Samsung-backed artificial intelligence chip startup, plans to list on the main KOSPI exchange in the first half of next year, seeking to ride surging investor appetite for AI hardware.
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Türkiye's NATO moment arrives, but the price of trust remains unpaid
SEOUL, July 09 (AJP) - For years, Türkiye occupied an uncomfortable place inside NATO: too important to expel, too difficult to embrace. It was the ally that bought a Russian air defense system over Washington’s objections. The country that refused to join Western sanctions against Moscow after Russia’s full-scale invasion of Ukraine. The state that could sell drones to Kyiv while keeping open channels to the Kremlin. The government whose president, Recep Tayyip Erdogan, jaile
by Lee Jung-woo
The missing ingredient in Korea's AI cake: a foundation model
SEOUL, July 08 (AJP) - "Seize this opportunity," Nvidia CEO Jensen Huang exclaimed during his visit to South Korea last month, calling the country one of the few capable of owning the entire AI stack — from energy and memory to data-center infrastructure, AI models and applications. Huang may have overrated Korea. By almost every measure, South Korea is among the world's most enthusiastic adopters of artificial intelligence. Yet one crucial ingredient remains missing: a hom
The mystery behind the near-flat Korea-U.S. sovereign yield gap
SEOUL, July 09 (AJP) - Foreign appetite for South Korean sovereign bonds has stayed firm this year even as investors dumped Korean equities, but that has not stopped bond prices from falling. The spread between Korean and U.S. 10-year government debt has narrowed to less than 30 basis points, even though the policy-rate gap between the Bank of Korea and the Federal Reserve remains wider than 100 basis points. As of midday Thursday, Korea’s 10-year government bond yielded 4.282 percent, w
C/A data explains the mystery behind the stubbornly weak won
SEOUL, July 08 (AJP) - The foreign-exchange formula used to be simple for South Korea. The current-account surplus set the tone for the Korean won against the U.S. dollar in the export-reliant economy. Strong exports bolstered the won, while a weaker won made Korean goods more competitive overseas. For foreign-exchange watchers, trade data mattered most. Not anymore. The Korean won has hovered around 1,500 per U.S. dollar since late last year. The dollar ended June at 1,549.4 won, compared w
Vietnamese arrivals in Korea surpass Chinese for first time
SK hynix ADR oversubscribed by 7 times, Chey to ring opening bell
