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Two in three South Koreans back nuclear armament, poll shows
SEOUL, August 28 (AJP) - Nearly two-thirds of South Koreans support the country possessing its own nuclear weapons, while a majority oppose the government's push to merge the Army, Navy and Air Force academies, a Gallup Korea poll showed Friday.
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NPS posts 27% H1 return as KOSPI doubles
SEOUL, August 28 (AJP) - South Korea's National Pension Service posted a 27.22 percent return in the first half, roughly seven times the average for the same six-month period over the previous six years.
Kazakhstan feels familiar. Family duty runs in reverse
SEOUL, August 28 (AJP) - Kazakhstan can feel unexpectedly familiar to a Korean visitor. Across Astana, there are faces that at first glance would not look out of place in Seoul. Dark hair, familiar facial contours and gestures of deference toward older people can create fleeting moments of recognition in a country separated from the Korean Peninsula by thousands of kilometers of mountains, desert and steppe. The sense of familiarity runs deeper around the family table. Younger people wait for
by Joonha Yoo
For Kazakhstan's Koryo-saram, exile became home
ASTANA, Kazakhstan — Elena Ko has little difficulty answering a question that history made complicated for her family. "I'm Korean, but I think like Kazakh," she said through an interpreter. Ko, 55, is a third-generation Koryo-saram, a descendant of ethnic Koreans who settled across the former Soviet Union. She keeps Korean traditions, stays close to Kazakhstan's Korean community and travels to Seoul roughly once a year. But when she talks about home, there is little a
AI windfall buys homes, cars and luxury watches in Korea's chip enclave
HWASEONG, August 27 (AJP) - At Lotte Department Store in Dongtan, a saleswoman sizing up a customer offers a pitch that would sound peculiar almost anywhere else. "Your husband makes a lot of money this time. You can afford to treat yourself," she coos. There is no need to specify who the husband works for. Dongtan sits inside South Korea's semiconductor heartland, within commuting distance of Samsung Electronics' chip operations in Hwaseong and Giheung as well as SK hynix I
BOK front-loads tightening, but disinflation tests early hikes
SEOUL, August 27 (AJP) - The Bank of Korea (BOK) has front-loaded monetary tightening with its first back-to-back rate hikes since January 2023, betting that South Korea's chip-powered economic resilience and increasingly persistent inflation warrant acting before price pressures become harder to contain. The BOK raised its base rate by 25 basis points to 3.00 percent on Thursday, following an identical increase in July. Governor Shin Hyun-song, proving to be a hawk by delivering two rate
Marado drone flop exposes Korea's unmanned warfare gap
Is KOSPI party over, or moving to Wall Street?
