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Latin American dreaming for Korean game publishers
SEOUL, October 26 (AJP) - Long before K-pop reached Latin American stadiums, a Korean dance machine had teenagers across the region stomping on flashing arrows. Andamiro's Pump It Up, launched in 1999, packed Mexico's arcades in the early 2000s.
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SK hynix eyes near-80% margin as investors await bigger payouts
SEOUL, October 26 (AJP) - SK hynix, South Korea’s leading supplier of memory crucial to artificial intelligence chips, is widely expected to deliver another earnings milestone this week with quarterly operating profit of about 77 trillion won ($58 billion) and a margin approaching 80 percent.
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Celltrion lifts 2026 buybacks to 500 bln won
Celltrion's plant/ Courtesy of Celltrion SEOUL, October 26 (AJP) - Celltrion will buy back another 100 billion won ($75.6 million) of its own shares, swelling its repurchases this year to 500 billion won, the South Korean biosimilar maker said Monday.
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Korea weighs fourth delay to virtual asset tax
SEOUL, October 26 (AJP) — South Korea is leaning toward a fourth delay to taxation on virtual asset gains, as enforcement gaps and political sensitivity over young and retail investors complicate a levy due next year.
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Youth entry into permanent jobs shrinks 15-20%
SEOUL, October 26 (AJP) — Young Koreans are finding it increasingly difficult to secure permanent jobs, with their entry rate relative to prime-age workers falling about 15 to 20 percent from past levels, a study by Bank of Korea (BOK) researchers showed Monday.
AI halo may warm South Korean economy longer than expected
SEOUL, October 23 (AJP) — The extraordinary AI windfall may be strong enough to lift South Korea’s long-term growth potential, suggesting the AI halo over Asia’s fourth-largest economy could be broader and longer-lasting than previously expected. Bank of Korea Governor Shin Hyun-song on Friday suggested the economy could be at an inflection point as the central bank prepares to reassess its underlying growth capacity. “I think this is a very important turning point,&rdq
by Kim Yeon-jae
Korean chip bonuses spill over to competition
SEOUL, October 22 (AJP) - Chipmakers in South Korea and Taiwan keep a civil distance despite cutthroat competition to advance chip technology and recruit talent. But the extraordinary AI chip windfall has turned heads in Taiwan’s cleanrooms as workers watch their Korean counterparts collect lavish rewards from the industry’s newfound riches. Union officials at U.S. memory chipmaker Micron Technology’s Taoyuan operation began a 24-hour warning strike Thursday, pressing for a p
Korean stocks look cheap, but are they a good buy?
SEOUL, October 23 (AJP) — South Korean stocks have moved back to the bargain corner after dominating the top shelf in the first half, but investors remain unconvinced they offer good value. The October crash has prompted the president to complain that Korean equities are too undervalued Korean equities. Investors, however, remain wary of how much the country’s chip earnings will be worth if global AI spending subsides. South Korea’s 12-month forward price-to-earnings ratio (P
BOK chief's inflation outlook hints rates unlikely to come down before '28
SEOUL, October 22 (AJP) - Bank of Korea Governor Shin Hyun-song on Thursday credited the board’s two successive summer rate hikes with helping cool inflation and steady currency and debt markets while signaling that rates won't likely come down before 2028. Speaking after the monetary policy board unanimously held the base rate at 3.00 percent, Shin described the pause as the payoff from acting early. The BOK raised rates by a quarter percentage point in both July and August after ho
Lee congratulates Lula on Brazil reelection victory
Korea's SME exports hit record Q3 on beauty, chips
