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Fed, BOJ policy paths may be behind foreign exodus from Korean equities
SEOUL, July 29 (AJP) - Foreign investors have sold nearly 20 trillion won ($14.5 billion) worth of South Korean equities this month, including about 10 trillion won this week, extending first-half outflows of roughly 170 trillion won as global investors reposition portfolios ahead of diverging monetary paths in the United States and Japan.
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Army tests combat squad pairing soldiers with drones, robot dogs
SEOUL, July 29 (AJP) - South Korea’s Army has launched a trial unit that combines soldiers with drones, quadruped robots, multipurpose unmanned ground vehicles and autonomous vehicles at the squad level, as it seeks to test future combat formations built around manned-unmanned teaming.
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South Korea rules out Lee reelection as constitutional debate flares
SEOUL, July 29 (AJP) - President Lee Jae Myung is only in the second year of his five-year term, but speculation over whether a constitutional amendment could allow him to seek reelection briefly emerged as a political flashpoint before senior ruling-party figures moved quickly to rule out the possibility.
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South Korea's birthrate rises for 23rd straight month
SEOUL, July 29 (AJP) - South Korea's birthrate continued to show signs of recovery in May, with the number of newborns increasing for the 23rd straight month, according to data released by the Ministry of Data and Statistics on Wednesday.
Heatwave in South Korea isn't bad luck, but a loaded die
SEOUL, July 29 (AJP) - South Korea feels more and more like Southeast Asia — tropical humidity, scorching heat, and sudden squalls of rain. The country recorded an average of 7.8 tropical nights between June 1 and July 27, the highest number for the period since nationwide records began in 1973. Its average temperature over the same stretch reached 24.2 degrees Celsius, the second-highest on record. With the Tibetan high-pressure system now settling in above the North Pacific high, the
by Lee Jung-woo
How South Korea became Asia's AI ETF test case
SEOUL, July 28 (AJP) — Not long ago, Nvidia was the trade that defined the artificial intelligence boom. Today, investors are searching for the next AI winner—and using increasingly leveraged financial products to amplify those bets. That search is reshaping not only Asia's semiconductor industry but also its capital markets. As investors crowd into a handful of AI champions, exchanges are racing to launch new products while regulators grapple with where to draw the line between
SK hynix is today's chip profit king, But what next?
SEOUL, July 29 (AJP) - SK hynix achieved something no major semiconductor company has done before: it became the world's most profitable chipmaker – albeit with little fanfare. Its record-breaking 76.1 percent operating margin in the second quarter surpassed those of Taiwan Semiconductor Manufacturing Co. (TSMC) and Micron Technology, demonstrating how an early bet on artificial intelligence memory has turned the South Korean company into the industry's earnings powerhouse.
Why Nvidia needs Korea as much as Korea needs Nvidia
SEOUL, July 27 (AJP) - When Jensen Huang toured Seoul last month, Nvidia's chief executive said he had found a full five-layer AI cake in South Korea. Over the weekend, he stayed true to that discovery, emerging as both the biggest customer and investor in that cake. Nvidia placed itself at the center of South Korea's all-out AI push as Huang headlined the government-hosted AI summit in San Francisco before joining President Lee Jae Myung and Korea's business leaders for a relaxed w
SK hynix dismisses AI slowdown concerns with capacity expansion plan
BOK chief argues rate-hike bias best to contain inflation
