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Naver's Q2 operating profit misses consensus as costs outpace sales SEOUL, August 07 (AJP) - Naver's second-quarter operating profit fell short of market expectations despite stronger-than-expected revenue, as spending on artificial intelligence, marketing, sports broadcasting and payment infrastructure squeezed margins.
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Koreans face tougher U.S. visa screening over birth tourism ban SEOUL, August 7 (AJP) - U.S. President Donald Trump on Thursday signed an executive order to curb so-called "birth tourism," potentially affecting some South Koreans who seek to secure U.S. citizenship for their children by giving birth in the U.S.
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Trump sets polysilicon tariff floor, giving Korea partial reprieve SEOUL, August 07 (AJP) - U.S. President Donald Trump has pushed his semiconductor trade offensive further upstream into the industry's raw-material supply chain, imposing new tariffs and minimum import prices on polysilicon but granted South Korea a preferential treatment.
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FTC weighs penalties over government bond bid collusion
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Korea charts clean Arctic course amid shadow fleet
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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. -
Seoul housing forum warns tax overhaul could worsen rental shortage SEOUL, August 06 (AJP) - The first public debate over the Lee Jae Myung administration's proposed property tax overhaul quickly laid bare tenants' biggest fear: being forced from their homes as landlords reclaim properties or sell them to qualify for lower taxes. -
Police raid KFA as World Cup fiasco revives coach probe SEOUL, August 06 (AJP) - South Korea's football association was raided by police Thursday after its former president and former national team coach were grilled by lawmakers over the country's embarrassing exit from the latest FIFA World Cup. -
Korea's chip windfall swells C/A to record black while foreign equity exit deepens SEOUL, August 6 (AJP) - South Korea's semiconductor-driven export boom lifted its current account surplus to a record US$191 billion in the first half, nearly four times a year earlier.
ASIA Insight>
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
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Today's Photo
Seoul's heatwave sparks highest alert
Today's Photo
Gwangnaru pool offers respite from heat
AJP Focus>
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
North Korea>
- North Korea slams Japan's military buildup, accusing Tokyo of pursuing rearmament
- N. Korea threatens 'new level of deterrence' over S. Korea-led RIMPAC role
- North Korea slams US and allies for spreading 'false information' over IT workers
- North Korea denounces NATO fuel network overhaul as war preparation
