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Samsung shows full AI chip stack as CXMT rattles memory stocks SEOUL, October 14 (AJP) - Shares of the world’s leading memory makers have nosedived this week on heavy selling after China’s ChangXin Memory Technologies (CXMT) stepped up its catch-up push by targeting the server memory market.
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HBM alone won't secure a top-tier memory rank in AI era: SK hynix SEOUL, October 14 (AJP) - Staying at the forefront of the AI memory race will require more than delivering faster high-bandwidth memory chips at scale, SK hynix’s chief development officer said Wednesday.
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Hanwha's grip on Korea's fighter jet maker sparks worker revolt SEOUL, October 14 (AJP) - Hundreds of Korea Aerospace Industries (KAI) workers made the five-hour journey to Seoul on Wednesday to rally near the presidential office at Cheong Wa Dae.
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Seoul says defense chiefs' meeting in Philippines not yet confirmed
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Bridge linking North Korea with China to open 12 years after completion
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Former taxman named as Lee's new chief of staff SEOUL, October 14 (AJP) - Former National Tax Service (NTS) chief Lim Kwang-hyun has been tapped as President Lee Jae Myung's new chief of staff, Cheong Wa Dae said on Wednesday. -
BOK chief welcomes stronger won in containing AI-fueled inflation SEOUL, October 14 (AJP) —Bank of Korea Gov. Shin Hyun-song welcomed further won appreciation to contain inflationary pressure fueled by South Korea’s exceptional chip windfall and defended restrictive monetary policy despite geopolitical headwinds. -
Hyundai Motor to invest $15.5 billion in India through 2032 SEOUL, October 14 (AJP) - Hyundai Motor group will invest $15.5 billion in India through 2032 to expand production, research and supply chains, the South Korean automaking conglomerate said Tuesday. -
White House reiterates Korea to invest in Alaska LNG project SEOUL, October 14 (AJP) - South Korea will invest in a proposed US$54 billion liquefied natural gas (LNG) project in Alaska as part of a broader trade deal reached last year, new White House press secretary Katie Zacharia said on Tuesday.
ASIA Insight>
Ukraine war poses different stakes for South Korea, Japan SEOUL, October 14 (AJP) - The Russia-Ukraine war is nearing the five-year mark with little sign of an exit, with both sides expanding attacks on energy infrastructure and extending the war’s repercussions to draw East Asian countries closer to the epicenter. Japan has entered a defense deal with war-engaged Ukraine to purchase battlefield-tested Ukrainian interceptor drones. South Korea is equally engaged with Kyiv but in the opposite direction — a diplomatic spat triggered by Ukrai by Lee Jung-woo
South Korea risks losing a seat in U.S.–North Korea mind games
SEOUL, October 13 (AJP) - South Korea risks losing a seat at the negotiating table as Washington and Pyongyang size each other up for a possible return to summit diplomacy, leaving Seoul to confront a growing missile threat with diminishing influence over how it might be addressed. North Korea launched its 16th ballistic missile barrage of the year on Monday while U.S. President Donald Trump, on the other side of the Pacific, floated the possibility of meeting North Korean leader Kim Jong-un du
AJP Focus>
Will Sejong make the FSC a backseat driver in Korean finance? SEOUL, October 14 (AJP) - The Financial Services Commission (FSC) got its orders to move to Sejong on Tuesday. On Wednesday, it was running command in central Seoul against a hacking spree that has hit 16 financial companies, the kind of crisis that relocation will soon test. After second emergency response meeting held Wednesday at Government Complex Seoul, the FSC said intrusions had been confirmed across banks, savings banks, mutual finance, card and capital firms, peer-to-peer lenders and c
Samsung stock crash shatter employees' dreams of new homes
SEOUL, October 13 (AJP) - Samsung Electronics shares fell more than 7 percent Tuesday to 232,000 won ($173) — nearly 40 percent below their June peak of 374,500 won ($279). The continued slide despite a staggering $80 billion in third-quarter operating profit is unsettling not just shareholders but also chip division employees daydreaming of bigger homes, new cars and early retirement as they await bonuses that could rival the nest egg an ordinary Korean salaried worker spends 30 years b
