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Cash-rich SK hynix spreads the AI bounty as it sees more to come SEOUL, October 28 (AJP) - Sitting on cash riches of 115 trillion won ($86.8 billion) from a record-setting earnings streak over the last six quarters, SK hynix is sharing its extraordinary AI dividends with shareholders and employees like no other company.
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North Korean IPs scan Korean financial firms 4.4 million times SEOUL, October 28 (AJP) - Internet addresses traced to North Korea probed South Korean financial firms more than 4.4 million times starting Oct. 21, according to a notice financial authorities sent to the industry.
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S. Korea, US defense chiefs meet amid wartime command dispute SEOUL, October 28 (AJP) - South Korean Defense Minister Kang Shin-chul met U.S. Secretary of War Pete Hegseth for the first time in the Philippines on Wednesday, amid differences over the timing of transferring wartime operational control (OPCON) to Seoul.
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Korea's FX deposits stretch $14 billion September
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UPDATE:SK hynix Q3 OP tops $63B, more shareholder rewards
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Samsung Electro-Mechanics Q3 more than doubles SEOUL, October 28 (AJP) -Samsung Electro-Mechanics which recently entered strategic partnership with Nvidia to supply ABF substrates for AI processors reported a 165.5 percent jump in third-quarter operating profit Wednesday. -
Hanwha Ocean Q3 operating profit jumps 68% despite naval ship losses SEOUL, October 28 (AJP) - South Korean shipbuilder Hanwha Ocean reported a 67.6 percent increase in third-quarter operating profit from a year earlier, driven by higher-priced commercial ship orders, even as its naval shipbuilding business posted widening losses. -
Hoarding bans on urea, syringes to be lifted later this week SEOUL, October 28 (AJP) - South Korea will lift its temporary bans on hoarding diesel exhaust fluid, urea, syringes and medical needles later this week. After a meeting at the government complex in Seoul on Wednesday. -
Korea's hacking spreads to brokerages and crypto SEOUL, October 28 (AJP) - Data-leak reports have become more or less a daily affair in South Korea this month with a brokerage, an asset manager and a cryptocurrency exchange becoming the latest to join a growing list of financial businesses hit by cyberattacks.
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Two Koreas return to UN after déjà vu DMZ mine crisis SEOUL, October 27 (AJP) - South and North Korea have sent competing complaints to the United Nations Security Council over last month’s land mine explosion, reviving questions about what international diplomacy can achieve in a conflict still governed by a seven-decade-old armistice. The exchange also highlights a distinction between the Security Council’s diplomatic role and the military responsibilities of the United Nations Command (UNC). The 1953 Korean War Armistice Agreement by Kim Hee-su
As Trump-Putin-Xi meeting is floated, Kim casts a fourth shadow
SEOUL, October 27 (AJP) - An unprecedented trilateral meeting among the leaders of the U.S., Russia and China on the sidelines of November’s APEC summit in Shenzhen could put denuclearization and Ukraine on the table. Whether North Korea might receive a fourth invitation briefly returned to focus after Kim Jong-un’s surprise one-day visit to China amid murmurs about his health. Kim traveled to China on Saturday across a new bridge that finally opened after more than a decade of de
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Korea Inc.'s stock-funded cash calls face a market reckoning SEOUL, October 27 (AJP)— Retail investors borrowed money to buy stocks while Korean companies worked in reverse, using their shareholdings to raise cash. Both strategies came under pressure as stocks plunged and borrowing costs rose. For Korea Inc., one route was the price return swap (PRS), a financial arrangement that allows companies to raise funds while retaining potential gains from the underlying shares. The catch is that they also remain exposed to losses. Companies receive cash w
Samsung's screen, Apple's growing pains
SEOUL, October 27 (AJP) - Samsung Display supplies the OLED panels for Apple’s first foldable iPhone as well as the passport-sized Galaxy foldable introduced earlier this year by sister company Samsung Electronics. But just four days after Apple’s long-awaited debut, reports of cracked displays have highlighted a challenge that goes beyond sourcing advanced components: making them work reliably together. The iPhone Duo, which went on sale Friday starting at 3.29 million won in Sout
