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MASGA gets liftoff with drones with Washington's push
SEOUL, August 14 (AJP) - Washington's push to rebuild strategic industries at home while reducing dependence on China is creating new openings for South Korean companies in two seemingly different sectors: shipbuilding and drones.
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Is the Seoul stock party over or just cooling down?
SEOUL, August 14 (AJP) — South Korea's KOSPI has rebounded after a heavy crash in July. But the crazy roller-coaster ride has shifted to a duller plateau, with the main drivers quietly taking a back seat.
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Colonial ghosts haunt Korea's celebrity descendants
SEOUL, August 14 (AJP) — Actress Hayoung thought she was telling a family story. Speaking on television about coming from four generations of doctors, she proudly recalled a great-grandfather who had studied Western medicine in Japan.
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Trump shipbuilding order opens MASGA lane for Korea
SEOUL, August 14 (AJP) -U.S. President Donald Trump has opened a potentially significant procurement route for South Korean shipbuilders under Seoul's $150 billion MASGA partnership, allowing qualifying foreign yards to build the first two ships in selected U.S. naval programs at home.
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Fund inflows defy KOSPI rout, firms turn to banks
SEOUL, August 14 (AJP) - South Korean equity funds attracted 11.4 trillion won ($8.0 billion) in fresh money in July despite the steepest stock-market rout since 2008, while corporate bank loans increased by 7.7 trillion won as the bond market remained in net repayment.
Why North Korean leader keeps putting his daughter in spotlight
SEOUL, August 14 (AJP) - In one of the world's most closed societies like North Korea, what matters may lie in what happens before a successor is ever named. For decades, the isolated country's hereditary Kim dynasty has shown that power is not simply passed down when the previous leader dies. It has to be prepared, groomed and carefully managed to prevent any chaos. That process now appears to be underway for current North Korean leader Kim Jong-un's daughter Ju-ae. In recent years
by Lee Hugh
Central Asia emerges as South Korea's AI frontier
SEOUL, August 13 (AJP) -South Korea wants to become one of the world's top three artificial-intelligence powers, and Central Asia may offer something lacking at home - ample space, energy and governments willing to build the physical infrastructure that AI requires. But Seoul is arriving at a market where U.S., Gulf, Chinese and Japanese players are already staking out positions. Kazakhstan is planning a data-center zone with eventual capacity of 1 gigawatt. Uzbekistan is courting billi
China cracks memory club, but harder test looms
SEOUL, August 14 (AJP) - China's heavily government-backed chipmakers are breaking into the once-exclusive global memory club, with Yangtze Memory Technologies Co. (YMTC) vaulting into the world's top three NAND flash suppliers for the first time. But just as China closes the gap in manufacturing scale, artificial intelligence is moving the industry's profit pool toward a harder target. YMTC captured 14 percent of global NAND bit shipments in the second quarter, overtaking Japan
Korea takes AI race from chips to chillers
SEOUL, August 13 (AJP) - An AI agent on a laptop or smartphone may appear almost weightless. Behind every prompt, however, sit warehouses of processors and memory running around the clock — consuming enormous amounts of electricity and generating heat that must be removed before the machines can keep thinking. For South Korea, already a powerhouse in the memory chips feeding those machines, that physical burden is becoming the next AI opportunity. Samsung Electronics has already put mone
More Koreans see themselves as better off than Japanese
Korea's legacy M2 growth hits 53-mo high, reviving liquidity concerns
Today's Photo
Extreme heat drives up vegetable prices
Today's Photo
Extreme heat drives up vegetable prices
