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Mega chip cluster project in Gwangju hits stumbling block SEOUL, July 13 (AJP) - South Korea's plan to transform a military air base in Gwangju into a major semiconductor cluster is facing another stumbling block, as concerns grow over the Air Force's pilot training.
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Patriotic retail investors on buying spree to rescue beloved brands SEOUL, July 13 (AJP) - In a market usually driven by earnings, valuations and future prospects, some South Korean retail investors are making room for something more sentimental.
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Batteries, hydrogen vie for future of freight SEOUL, July 13 (AJP) - The clean-energy contest that upended the passenger car is now rolling into the world's freight lanes, where a single winning technology is proving far harder to crown.
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Gov't unveils over 800 trillion won budget plan with push for AI and chips
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SK hynix ETF frenzy heads to Wall Street after record ADR debut
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Homeplus set for bankruptcy filing as rehabilitation collapses SEOUL, July 13 (AJP) - Homeplus is expected to begin shutting stores this week and file for bankruptcy, moving into effective liquidation after a court ended its rehabilitation proceedings on July 3. -
South Korea to steer record tax revenue into AI, physical AI push SEOUL, July 13 (AJP) - South Korea will channel its largest-ever projected tax revenue into a new future-response fund, pouring resources into three mega-projects led by artificial intelligence. -
Financial watchdog urges asset managers to improve transparency SEOUL, July 13 (AJP) - Financial watchdog Financial Supervisory Service (FSS) on Monday urged asset managers to improve disclosure practices by providing clearer information on voting rights and strengthening internal controls. -
Korean golfers sweep with Ryu Haeran's major double and Tom Kim's Open win SEOUL, July 13 (AJP) -South Korea enjoyed one of its most successful weekends in international golf as Ryu Haeran captured her second consecutive major championship and Tom Kim ended a difficult two-year spell by claiming the Genesis Scottish Open.
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Why Middle East conflict remains stuck after nearly five months SEOUL, July 13 (AJP) - About five months have passed, yet the end of the conflict in the Middle East remains nowhere in sight. Fighting has appeared close to stopping several times, only to break out again. Negotiations are underway, but renewed military clashes have left the prospects for a resolution increasingly uncertain. U.S. President Donald Trump continues to criticize Iran, calling it "scum," while Tehran has responded with increasingly hostile rhetoric. Even if an agreement i by Lee Hugh
Türkiye's NATO moment arrives, but the price of trust remains unpaid
SEOUL, July 09 (AJP) - For years, Türkiye occupied an uncomfortable place inside NATO: too important to expel, too difficult to embrace. It was the ally that bought a Russian air defense system over Washington’s objections. The country that refused to join Western sanctions against Moscow after Russia’s full-scale invasion of Ukraine. The state that could sell drones to Kyiv while keeping open channels to the Kremlin. The government whose president, Recep Tayyip Erdogan, jaile
AJP Focus>
Gov't tightens household loans while mulling pension-backed borrowing options SEOUL, July 13 (AJP) - South Korea is tightening conventional household lending to contain debt growth while considering measures that could make it easier to borrow and invest against retirement savings, exposing a potential contradiction in its financial policy. One channel of household leverage is being restricted just as another could be opened. Household lending at the country's five largest banks - KB Kookmin, Shinhan, Hana, Woori and NH NongHyup - excluding government-backed loans r
South Korea joins the world's new era of extreme summer
SEOUL, July 12 (AJP) — South Korea has officially entered what meteorologists increasingly describe as the era of extreme summer, with authorities activating the country's highest-ever heat alert for the first time as scorching temperatures spread well beyond their traditional hotspots. The Korea Meteorological Administration on Sunday issued its inaugural Heat Wave Emergency Warning for Pohang and Gyeongsan after apparent temperatures were forecast to exceed 38 degrees Celsius follo
