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Korean firms strike $950 billion chip deals with US big tech
SEOUL, July 25 (AJP) - South Korean companies and American technology giants will pursue semiconductor cooperation worth a combined $950 billion over the next five years, the presidential Blue House said Saturday, putting a price on the summit President Lee Jae Myung convened in San Francisco a day earlier. Kim Yong-beom, the presidential policy chief, gave the figure at a briefing at the press center in Sa
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President Lee pitches South Korea as AI testbed
SEOUL, July 25 (AJP) - The country that makes most of the world's memory chips now wants to be the first country to put artificial intelligence to work everywhere else. President Lee Jae Myung carried that argument to San Francisco on Friday, delivering what his office named the San Francisco AI Declaration to a room holding the chief executives of Nvidia, OpenAI, Anthropic and Broadcom. The declaration
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Nvidia puts SK partnership at $500 billion
SEOUL, July 25 (AJP) - A partnership between SK Group and Nvidia will reach $500 billion, Nvidia chief executive Jensen Huang said in San Francisco on Friday (local time), naming a sum larger than everything the chipmaker sold in its last full fiscal year. He said it in the future tense during a meeting with President Lee Jae Myung at a hotel downtown. The two companies would announce the partnership that day, h
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Chey divorce ruling may speed up SK Siltron sale
SEOUL, July 24 (AJP) - SK Group's long-stalled sale of wafer maker SK Siltron may be back on track now that chairman Chey Tae-won owes his former wife 944 billion won, about $640 million at current rates, with a board meeting next week shaping up as the decision point.
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Korean shipbuilders expand US partnerships in $150B cooperation push
SEOUL, July 24 (AJP) - South Korea’s three major shipbuilders are expanding partnerships with U.S. companies in naval ship design, smart shipyards, workforce training and supply chains, as Seoul moves to accelerate a $150 billion shipbuilding cooperation package with Washington.
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Asia's Gen Z do not wait for permission anymore
SEOUL, July 24 (AJP) - A canceled exam in New Delhi. A social media ban in Kathmandu. A housing allowance in Jakarta. A job quota in Dhaka. None of these, on its own, reads like the beginning of a national crisis. Yet each one sent hundreds of thousands of young people into the streets, and in two of those countries the government did not survive. Something has shifted in how Asia's youngest adults deal with power. The region's leaders are finding out the hard way. The latest lesson is
by Park Sae-jin
Borderline Koreans: too able to qualify, too slow to fit
SEOUL, July 22 (AJP) - It is 2 p.m., and the lunch rush has cleared at Youth Mungan, a kimchi stew shop in Seoul's southwestern neighborhood of Nakseongdae. A young man moves from table to table, spraying sanitizer and wiping every corner with meticulous care. "Customers sit here," Kim Ji-woo, 27, said sheepishly. "Wiping it perfectly clean puts my mind at ease." He clears plates, relays orders to the kitchen and folds used aprons neatly onto a rack. Closing the dining
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
Trump's tariff maze keeps Korea guessing as another deadline looms
SEOUL, July 23 (AJP) - For U.S. trading partners—foes and allies alike—it has become nearly impossible to keep up with tariff rates during President Donald Trump’s second term. The levy on South Korean imports has swung from 25 percent to 10 percent, back toward 25 percent, down to 15 percent and then back again to 10 percent — all in little more than a year. The next number could be 12.5 percent. A temporary 10 percent U.S. surcharge on imports from South Korea and mo
UNESCO expands Korean tidal flats World Heritage listing
AI boom rewrites "Happy Forever" in Korea's biggest divorce battle
Today's Photo
Sanhwabi brings Korea's living heritage to Busan stage
Today's Cut
Heat can't dim palace charm
