-
South Korea's Lee orders review of ISA, stock-price tax proposals after criticism
SEOUL, August 08 (AJP) - South Korean President Lee Jae Myung has ordered a review of proposed changes to the country's Individual Savings Account (ISA) system and a tax measure aimed at preventing controlling shareholders from suppressing stock prices, following criticism from investors and lawmakers. Lee instructed officials on Friday to reconsider the two proposals included in the government's re
-
South Korea scales back driving tests as heat wave intensifies
SEOUL, August 08 (AJP) - South Korea has begun scaling back and suspending portions of its driver's license examinations as an intense heat wave continues to grip the country, prompting authorities to introduce emergency measures to protect test-takers and staff. The Korea Road Traffic Authority said on Saturday that driving skills tests would be concentrated in the cooler morning hours as heat wave war
-
-
AI chip boom puts Korea ahead of Japan, lifts China trade
SEOUL, August 07 (AJP) -South Korea's dominance in artificial intelligence memory chips is reshaping Asia's trade landscape, helping the country overtake Japan in merchandise exports while driving a surge in shipments to China despite Beijing's aggressive push for semiconductor self-sufficiency.
-
HMM continues talks on long-term bulk shipping contract
SEOUL, August 07 (AJP) - HMM said Friday it is continuing negotiations over a long-term bulk shipping contract and is currently discussing remaining details with the counterparty. In a regulatory filing responding to recent media reports.
-
Kakao settles wage dispute after first strike
SEOUL, August 07 (AJP) - A wage agreement that took 18 rounds of bargaining and the first strike in the company's history was ratified this week, closing a roughly three-month standoff at Kakao over how the South Korean technology company pays for performance.
-
Homeplus reopens 67 stores after 25-day shutdown
SEOUL, August 07 (AJP) - Shelves stood about 30 percent stocked, by the company's own count, when 67 Homeplus stores reopened across South Korea on Friday, 25 days after the country's second-largest hypermarket chain ran out of cash to keep them running.
Can robots fill Korea's military ranks?
SEOUL, August 07 (AJP) - Robots are emerging as a necessity rather than a choice for South Korea, which must defend one of the world's most heavily militarized borders with a rapidly thinning pool of young men. As birthrates collapse and the number of available conscripts shrinks, the question facing militaries such as South Korea's is no longer whether machines will join the ranks, but how much work they can take off human soldiers. For now, that does not mean robotic infantry chargin
by Kim Hee-su
Kangaroo families become the new normal from Seoul to San Francisco
SEOUL, August 06 (AJP) - Suddenly, kangaroos seem to be multiplying around the world. Not in the Australian outback, but in family homes from South Korea to the United States, where growing numbers of young adults are delaying independence and staying in — or moving back to — their parents' houses as soaring housing costs outpace wages. The once-stigmatized "kangaroo family," in which adult children remain in the parental home, is increasingly becoming an economic nec
How AI sees SK hynix's downfall — and where it goes next
SEOUL, August 08 (AJP) - Ask two leading artificial-intelligence chatbots why SK hynix has lost more than half its value from its June peak, and they arrive at a remarkably similar conclusion: the company's business has not collapsed, but the price investors were willing to pay for its extraordinary AI-driven earnings has. AJP separately asked Anthropic's Claude and OpenAI's ChatGPT to examine SK hynix's rout in Seoul and New York, including trading flows following its Nasdaq d
Dormant debt market exposes non-chip Korean Inc. slump
SEOUL, August 06 (AJP) - Summer arrived early for South Korea's corporate debt market as only a handful of investment-grade issuers broke the drought amid rising borrowing costs and subdued investor demand, exposing the slump across much of non-chip Korean Inc. Public corporate bond issuance totaled 2.96 trillion won ($2.1 billion) in July, down 16.1 percent from June and 37.5 percent from a year earlier, according to the Korea Financial Investment Association. Only 11 issuers conducted boo
Naver bets on AI factory, burns $700 million despite profit dent
US jobs test puts BOK August pause in focus
Today's Photo
Seoul zoo's special meal for a hungry monkey
Today's Photo
Seoul zoo's tiger gets special summer treat
