-
Drone pratfalls expose gap in Korea's battlefield testing
SEOUL, October 02 (AJP) - South Korea builds machines that patrol the depths, fly faster than sound and power entire cities. Yet at its military showcases, drones have lately struggled with something more basic: staying in the air.
-
HBM heyday to continue - albeit at consumers' expense
SEOUL, October 02 (AJP) - Regardless of AI doomsayers and the industry’s own rhetoric about policing itself, big tech companies and frontier AI developers show little sign of slowing their race to build more powerful models, pushing an already strained memory supply chain harder.
-
Chipflation hastens Korea's decline as a gaming powerhouse
SEOUL, October 02 (AJP) - South Korea is on course to become the fourth country to reach $1 trillion in annual exports, powered by chips that accounted for nearly half its $121 billion in overseas shipments last month alone. But the boom comes with a cost for consumers.
-
Hyundai, Kia set U.S. sales record
SEOUL, October 02 (AJP) - Hyundai Motor and Kia posted record U.S. sales in the third quarter as hybrid deliveries jumped more than 50 percent. Hyundai, Genesis and Kia sold a combined 506,200 vehicles from July through September, up 5.4 percent from a year earlier.
-
KB Kookmin Bank reports data breach trailing Shinhan leak
SEOUL, October 2 (AJP) — KB Kookmin Bank, one of South Korea's largest commercial banks, reported a data breach that exposed about 100 customer records through unauthorized external access, following a much larger breach at another bank giant Shinhan a day earlier.
-
-
South Korea seeks military sovereignty, but still needs Uncle Sam
SEOUL, October 02 (AJP) - South Korean President Lee Jae Myung was unequivocal on Armed Forces Day - Seoul should reclaim wartime operational control of its military, a goal he wants to achieve before his five-year term ends in 2030. “There is no country in the world that relies on another person or another country for its military command authority,” Lee said at a luncheon following the ceremony marking the 78th Armed Forces Day, in a country that maintains roughly 450,000 active-d
by Lee Jung-woo
Won slips out of comfort zone as Korea moves on U.S. investment deal
SEOUL, October 01 (AJP) - Just when the won appeared to be stabilizing around 1,350 against the U.S. dollar, its year-end outlook has grown less certain as South Korea prepares to pay up to $10 billion toward U.S. nuclear reactor projects before December ends. The dollar-won exchange rate rose to 1,362.6 on Thursday as Seoul and Washington unveiled energy projects under their strategic investment framework. The commitments fall under Korea’s $200 billion investment pledge outside shipbui
Korean investors turn to Japan on weak yen and AI boom
SEOUL, October 2 (AJP) — South Korean retail investors are increasingly looking across the Korea Strait as a stalling market at home and volatile U.S. bond prices turn their attention to Japan’s weak yen and expanding opportunities in the AI supply chain. South Korean investors bought $4.65 billion worth of Japanese stocks in the first nine months of 2026, up 94 percent from $2.40 billion a year earlier, according to the Korea Securities Depository (KSD). Purchases of U.S. shares r
KOSPI enters fourth quarter fighting to reclaim 7,000
SEOUL, October 01 (AJP) — Much of the KOSPI’s early-year exuberance has fizzled out as 2026 enters its final quarter, with thinning trade, volatile bond markets and monetary tightening cooling the leveraged bets that helped propel its rally. After taking nearly five years to climb from 3,000 to 4,000, the benchmark swept past successive milestones to breach 9,000 in June. Now, 7,000 has become a resistance level, raising the question of how long the next breakthrough will take. The
High yields strengthen case for BOK pause, November still open
Kazakhstan opens honorary consulate in Daejeon
