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China chip fears send KOSPI plunging over 10%
SEOUL, July 28 (AJP) - China's growing push into semiconductors rattled South Korea's stock market on Tuesday. Shares of Samsung Electronics and SK hynix crashed, sparking panic across the market.
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Why Korea is turning to Brazil's C-390 as aging airlift fleet faces pressure
SEOUL, July 28 (AJP) - South Korean President Lee Jae Myung wasted little time in Brazil tending to one of Seoul's key dense priorities. Upon arriving in Brasilia for a state visit, Lee headed straight to inspect a Brazilian-built C-390 Millennium military transport aircraft before holding summit talks with President Luiz Inácio Lula da Silva. The acquisition addresses two strategic
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Korea's tourist boom spreads beyond Seoul, Busan rises fast
SEOUL, July 28 (AJP) -South Korea's tourism boom is increasingly spreading beyond Seoul, with foreign arrivals through regional airports growing more than twice as fast as those through the capital area as inbound visitors topped 10 million in the first half for the first time since the pandemic.
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Korea's consumer confidence upbeat, home price outlook hits 5-year high
SEOUL, July 28 (AJP) -South Korean consumer confidence remained comfortably above its long-term average in July, as a chip-fueled economic recovery and rising income expectations outweighed inflation concerns, while expectations for home prices climbed to their highest level in nearly five years.
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Korea, Brazil link critical minerals with defense, aerospace
SEOUL, July 28 (AJP) -South Korea and Brazil agreed Monday to deepen cooperation in critical minerals, defense and aerospace, seeking to pair Brazil's vast natural resources with Korea's advanced manufacturing as President Lee Jae Myung turned a state visit into an AI-era industrial partnership.
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
by Ryu Yuna
The East joins the West in the survival game against extreme heat
SEOUL, July 27 (AJP) - South Korea joined the global survival game against extreme heat on Monday as temperatures neared 40 degrees Celsius after the monsoon fizzled out, emptying streets and farm fields alike. Children and office workers, farmers and foreign tourists alike searched for clever ways to stay cool, crowding shopping malls, subway stations and other air-conditioned spaces. By 3 p.m., the government raised the national heat crisis alert to "grave," its highest level, and a
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
Won breaks from yen as SK hynix dollar flows reshape FX outlook
SEOUL, July 24 (AJP) - "Excess volatility is undesirable." That identical message from the U.S. Treasury Department applied to both the South Korean won and Japanese yen in its latest semiannual currency report to Congress, even as it kept both countries on its monitoring list. Treasury said recent depreciation pressures were not in line with South Korea's strong economic fundamentals and reiterated that foreign-exchange intervention should be reserved only for episodes of excess
South Korea to secure more naphtha supplies despite stable inventories
Seoul weighs individual cap if leveraged ETF speculation persists
