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Korea's iconic father-figure actor Choi Bool-am dies SEOUL, October 30 (AJP) -Choi Bool-am, who lost his father as a boy but spent more than two decades teaching generations of South Koreans what a father could be through television, died Thursday in Seoul. He was 87.
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Fed pause buys BOK time, but domestic pressures persist SEOUL, October 29 (AJP) - The South Korean won and government bonds rose on Thursday after the Federal Reserve struck a less hawkish tone, easing pressure on the Bank of Korea to keep interest rates high.
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Samsung's chip division Q3 profit near $80B SEOUL, October 29 (AJP) - Samsung Electronics' semiconductor division earned 106.5 trillion won ($79.5 billion) in operating profit in the quarter ended September.
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South Korea builds SMRs for the world, none for itself
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Pyongyang snubs Seoul's proposal for talks with missile launches
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Hyundai to invest $450 million to expand plant in Alabama SEOUL, October 29 (AJP) - Hyundai Motor plans to invest US$450 million in its U.S. plant to increase production of hybrid vehicles and extended-range electric vehicles (EREVs), expanding its manufacturing base in North America, the automaker said on Thursday. -
Seoul, Washington postpone annual defense talks until early next year SEOUL, October 29 (AJP) - South Korea and the U.S. have agreed to postpone their annual Security Consultative Meeting (SCM) until early next year. -
SK Innovation Q3 profit hits record on oil, lubricant margins SEOUL, October 29 (AJP) - SK Innovation's third-quarter operating profit jumped 532.5 percent from a year earlier to a record 3.7 trillion won ($2.77 billion), the South Korean energy company said Thursday. -
Samsung SDI Q3 profit hits 3-year high on AI data center demand SEOUL, October 29 (AJP) - Samsung SDI swung to a third-quarter operating profit of 407.8 billion won ($304.5 million) from a 591.3 billion won loss a year earlier, the South Korean battery maker said Thursday.
ASIA Insight>
US visa refusals raise concerns over bilateral alliance SEOUL, October 29 (AJP) - The recent refusal of a U.S. visa to a senior South Korean lawmaker has raised fresh concerns about the bilateral alliance, with lawmakers across the political spectrum and a U.S. security expert offering sharply differing views on what the incident means for relations between the two allies. The controversy began on Wednesday when Rep. Jin Seong-joon of the ruling Democratic Party (DP), chairman of the National Assembly's National Defense Committee, disclosed that by Lee Jung-woo
Guryong becomes no-man's land. What of those who called it home?
SEOUL, October 28 (AJP) - A shantytown, others may call it. For those who stayed as their neighbors moved away, Guryong Village was home — a place where lives had taken root, however fragile the walls around them. By dawn Wednesday, fire had consumed swaths of the settlement tucked into Seoul’s affluent Gangnam district. It took nearly 13 hours to put out the flames. What would become of the lives they had uprooted was far less certain. One man in his 70s had been asleep after taki
AJP Focus>
Samsung's HBM strides intensify AI memory race SEOUL, October 29 (AJP) -The extraordinary third-quarter earnings of the world's three largest memory chipmakers suggest the artificial intelligence (AI) memory race is only heating up, with latecomer Samsung Electronics making rapid strides against frontrunner SK hynix and U.S. rival Micron Technology. The bigger question is how long the industry can sustain operating margins approaching 80 percent. The profitability is staggering. SK hynix delivered an operating margin of 79.7 percent in
K-choppers struggle to lift off amid factory-floor constraints
SEOUL, October 28 (AJP) - Rows of unfinished helicopters dotted Korea Aerospace Industries’ (KAI) rotary-wing assembly plant in Sacheon, their pale green and peach-colored bodies exposing the nuts and bolts of South Korea’s next defense ambition. Sacheon on South Korea’s southern coast is breeding the country’s next defense ambitions. The problem is they are missing a crucial element for liftoff. "We are currently focusing on mass production of the LAH, and we'
