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Korea charts clean Arctic course amid shadow fleet
SEOUL, August 06 (AJP) - Russia's growing shadow fleet has exposed the environmental and regulatory risks lurking behind the rapidly opening Arctic shipping route, creating an unexpected opportunity for South Korea to market itself as a cleaner and more transparent alternative.
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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.
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Makeshift igloo draws 30,000 to sweltering Seoul
SEOUL, August 6 (AJP) - More than 30,000 Seoul residents visited a makeshift shelter set up at Gwanghwamun Square in central Seoul to seek relief from the scorching heat that has gripped the country in recent weeks, the Seoul Metropolitan Government said on Thursday.
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Seoul is boiling, but protests go on
SEOUL, August 06 (AJP) - A prolonged and deadly heat wave is tightening its grip on South Korea, with 21 suspected heat-related deaths and 2,441 patients reported nationwide between May 15 and Aug. 4.
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
by Lee Jung-woo
Korean won emerges as winner in U.S. "prosper-thy-neighbor" yen defense
SEOUL, August 05 (AJP) - Currency intervention has long been viewed as a classic beggar-thy-neighbor policy, with governments weakening their currencies at the expense of trading partners. The latest U.S.-Japan operation appears to be doing the opposite, giving the South Korean won an unexpected tailwind alongside the yen. That raises an obvious question: Has Washington suddenly become more generous? Why would an administration that has championed "America First" intervene in a way th
Korea's battery makers find ESS gold rush at home
SEOUL, August 05 (AJP) - In a high-profile display, South Korean President Lee Jae Myung, flanked by chip titans Lee Jae-yong of Samsung Electronics and Chey Tae-won of SK Group, unveiled a nearly $1 trillion vision to transform the country from the world's high-tech factory into an AI factory. That ambition extends far beyond semiconductors. Every AI factory — from chip fabrication plants and advanced packaging facilities to hyperscale data centers and AI inference clusters — r
Odds of Korea's back-to-back rate hike fall on softer headline inflation
SEOUL, Aug. 4 (AJP) — The surprising stall in South Korea's inflationary run in July has lowered expectations for a back-to-back interest-rate increase by the Bank of Korea this month, although policymakers remain wary of persistent underlying price pressures. Consumer prices rose 2.8 percent from a year earlier in July, slowing from 3.2 percent in June and falling below the 3 percent mark for the first time in three months. Core inflation, which Bank of Korea Gov. Shin Hyun-song has
Police raid KFA as World Cup fiasco revives coach probe
Korea's chip windfall swells C/A to record black while foreign equity exit deepens
Today's Photo
Seoul's heatwave sparks highest alert
Today's Photo
Gwangnaru pool offers respite from heat
