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Samsung, SK bet over $650 billion on Korea's second memory hub
SEOUL, June 29 (AJP) - Samsung Electronics and SK hynix are joining forces to build a second memory semiconductor hub along South Korea's southwestern coast, committing more than 1,000 trillion won ($650 billion) in what would become one of the world's largest semiconductor expansion projects.
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Wearing Korea: 372 stories stitched together by hanbok
SEOUL, June 29 (AJP) - Russia-born Violetta, who moved to South Korea after marriage, was sweating under the weight of an elaborately adorned hanbok. But she did not mind. Somewhere beyond the stage, her husband and 7-year-old son were watching with pride.
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Young South Korean Ph.D.s face record employment crisis
SEOUL, June 29 (AJP) - More than one-third of South Korea's newly minted Ph.D. graduates were without jobs last year, with the share of unemployed or economically inactive doctorate holders exceeding 30 percent for the first time since the government began compiling the data.
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Tungsten race puts Kazakhstan between US and China
SEOUL, June 29 (AJP) - Last November, at a summit in Washington where President Donald Trump hosted the leaders of all five Central Asian nations, the United States signed a deal giving an American company development rights to what independent feasibility studies describe as the world's largest known undeveloped tungsten resource. The host country was Kazakhstan. The metal was tungsten. The company is Kaz Resources, a newly formed American firm backed by up to $1.6 billion in potential fed
by Park Sae-jin
Renewables ride the AI power boom, but the grid can't keep up
SEOUL, June 24 (AJP) - Renewables are being fully employed to feed the world's hungry AI data centers as farming Mother Nature is cheap and quick to build. Yet a widening gap between green ambition and grid reality — from Beijing to Naju — is exposing the limits of an energy transition running at full tilt. Global electricity demand from data centers is set to roughly double to about 945 terawatt-hours by 2030 and reach around 1,200 TWh by 2035, the International Energy Agency s
Another early exit leaves Korean football searching for answers again
SEOUL, June 29 (AJP) - "Sorry cannot make amends for the sense of betrayal for those who held onto hope until the very last minute," said 25-year-old Seoul resident Kim Sung-min. Like millions of South Koreans, Kim spent the weekend after Thursday's devastating defeat to South Africa watching the remaining World Cup matches, clinging to the slim possibility that results elsewhere might yet rescue Korea's campaign. "Our only hope was to see Son Heung-min play in what coul
Chipflation after Gulf-flation may keep prices sticky
SEOUL, June 26 (AJP) -The KOSPI ended Friday at 8,411.21, nearly 8 percent below the 9,000 milestone it celebrated just a week earlier. Friday's rout — the second intraday plunge of more than 8 percent this week — cannot be dismissed simply as a long-overdue correction. The Gulf war inflation scare is fading. Oil has retreated toward pre-war levels and the immediate fear of an energy shock has eased. Yet investors are beginning to confront a second, potentially more persistent i
KOSPI's volatility deepens on fragile foundation
Korea's World Cup failure may force football to confront itself
