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NATO family proves too tight for South Korea in Canadian bid
SEOUL, July 07 (AJP) - South Korea's campaign to break into NATO's inner circle of submarine suppliers fell short as Canada chose Germany's TKMS over Hanwha Ocean, underscoring that alliance politics can outweigh technology and industrial advantages in major defense contracts.
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Samsung Elec shines above peers with Q2, but spooks investors
SEOUL, July 07 (AJP) - Samsung Electronics on Tuesday estimated second-quarter operating profit of 89.4 trillion won ($58.4 billion) on revenue of 171 trillion won, a bar-raising figure that, instead of sparking excitement, triggered panicky profit-taking on fears the AI heyday may have peaked.
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Korean households' stock and fund buying nears $40 bn in Q1
SEOUL, July 07 (AJP) - South Korean households’ purchases of equity securities and investment fund shares nearly doubled to 61.4 trillion won ($40 billion) from 34 trillion won in the first quarter, the latest data underscoring the stock craze that gripped the country as investors watched the benchmark KOSPI surge in the first half. Foreign investors sold nearly the same amount, offloading a net 62.1 tr
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Npay launches venture capital investment platform
SEOUL, July 07 (AJP) - Npay, Naver's fintech arm, unveiled a new venture capital investment platform, aiming to bridge the gap between promising startups and investors and channel more "productive finance".
Hormuz oil shock splits Asian industry in two
SEOUL, July 07 (AJP) - South Korea's factories just lived through the most violent oil shock in history, and the strange part is that the country posted record exports while it happened. The war in Iran and the closure of the Strait of Hormuz, the narrow waterway carrying about a fifth of the world's oil, did not hit Asian industry evenly in the first half of 2026. It split it. Semiconductors sailed through on artificial intelligence demand, automobiles took a glancing blow, and petroche
by Park Sae-jin
Hyundai takes Asia's humanoid race beyond the dance floor
SEOUL, July 06 (AJP) - Hyundai Motor reclaimed the 500,000-won threshold Monday, rising 2 percent even as the broader market retreated, after its growing robotics portfolio quietly stole attention from investors otherwise fixated on Samsung Electronics' earnings guidance due the following day. Boston Dynamics' Atlas humanoid robot, owned by Hyundai Motor Group, showcased a series of football-inspired celebrations during halftime of the Brazil-Norway World Cup round-of-16 match at MetLif
The great shortfalls in the grand Honam chip project
SEOUL, July 07 (AJP) - The devil is in the details, and South Korea's mammoth plan to create a second chipmaking epicenter in the industrially neglected southwest is drawing skepticism not only because of its astronomical 800 trillion won ($523 billion) price tag, but also because of the critical shortfalls money alone cannot solve. Samsung Electronics and SK hynix have announced plans to build two next-generation fabs each in the Honam region, investing 400 trillion won apiece in what Pres
Seoul's 24-hour FX market tests local banks' staffing capacity
SEOUL, July 06 (AJP) - South Korea began round-the-clock foreign exchange trading on Monday, but while the country's largest lenders are relying on overseas dealing desks to cover the new hours, smaller regional banks say they are scrambling to find enough people to stay awake. "We need more staff, but there are limits to how quickly we can hire people for this," one foreign-exchange official at a regional bank told AJP on condition of anonymity. "We will probably introduce
Korean retail flow suggests stock frenzy may be fizzling out
LG Electronics Q2 profit beats estimates on HVAC growth, tariff gains
