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KOSDAQ at 30 bares Peter Pan syndrome SEOUL, July 01 (AJP) – KOSDAQ, South Korea's answer to the Nasdaq, turned 30 on Wednesday. But the celebration was notably subdued as the junior market remains trapped in a kind of Peter Pan syndrome.
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Korea's startup contest turns dream into data leak nightmare SEOUL, July 01 (AJP) - Government startup competitions usually demand polished business plans, lengthy resumes and years of preparation. This one asked for none of that. Ideas were enough.
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Korea's exports top $100 bln in June and near $500bn for H1 SEOUL, July 01 (AJP) - South Korea’s monthly exports topped $100 billion for the first time in June, with chips taking up nearly half of the record shipments, government data showed Wednesday.
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Britain's defense push adds new variable to Canada submarine equation
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Stock mania makes gamblers out of Korean retail investors
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NPS chief denies "bombshell" selling at KOSPI for rebalancing SEOUL, July 01 (AJP) - The head of South Korea’s National Pension Service pushed back Wednesday against speculation that the fund could trigger a massive selloff in domestic shares, saying fears of a so-called 74 trillion won “selling bomb” were exaggerated. -
Google faces fresh Korean antitrust action over alleged app store exclusivity SEOUL, July 01 (AJP) - South Korea's antitrust regulator has launched formal proceedings against Google, accusing the U.S. tech giant of using financial incentives to induce major game developers to give preferential treatment to its Play Store. -
Visa fee waiver for group tourists extended until end of this year SEOUL, July 1 (AJP) - South Korea has extended its visa fee waiver program for group tourists from six countries including China, the Philippines, and Viet Nam until the end of this year, the Ministry of Justice said on Wednesday. -
Military academy alumni groups to stage first joint protest against merger plan SEOUL, July 01 (AJP) - Alumni associations representing South Korea’s Army, Navy and Air Force academies will stage their first joint action next week against the government’s plan to integrate the three military schools
ASIA Insight>
Two weak currencies, two different stories: Indonesia and Korea SEOUL, June 30 (AJP) - Crisis-era exchange rates and relentless foreign stock selling have become familiar headaches for policymakers in both Indonesia and South Korea. At first glance, the two economies appear to face the same challenge. A closer look tells a different story. The Indonesian rupiah's slide to record-low territory has revived memories of past currency crises, putting renewed pressure on Jakarta as investors question whether the country's external buffers are strong enoug by Kim Yeon-jae
Europe's sweltering heatwave signals climate extremes in Asia and elsewhere
SEOUL, June 30 (AJP) - Europe is in the grip of another sweltering heatwave. Across the continent, from Denmark and Germany to Switzerland and France, temperatures have surged to record or near-record levels. At least 94 million people across Europe have been exposed to extreme heat of 35 degrees Celsius or higher, while more than 350 million people, roughly two-thirds of the continent's population, are living in areas where temperatures have exceeded 30 degrees Celsius, according to recent
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Today's Photo
Large lithium batteries banned from Seoul subways
Today's Cut
Myeong-dong dances with Lotte's Samba show
AJP Focus>
Mocking Gwangju is no child's play, baseball aspirants learn SEOUL, July 01 (AJP) - "A man is responsible for his ignorance," Milan Kundera once wrote. Young Koreans are now learning that lesson the hard way. Just last week, Starbucks Korea was forced to close stores early nationwide for employee history lessons, absorbing an estimated 2 billion won ($12.8 million) in losses after a promotional campaign on May 18 sparked outrage in Gwangju. Its "Tank Day" promotion of 5/18 tumbler sparked social outrage for its painful associations
Samsung Elec Q2 to raise the bar on blockbuster earnings
SEOUL, June 30 (AJP) - Samsung Electronics is widely expected to deliver another blockbuster quarter when it issues preliminary second-quarter earnings guidance next week, reflecting a 60 to 70 percent surge in mass-market memory prices and explosive demand for lucrative high-bandwidth memory (HBM) chips used in artificial intelligence. According to market consensus compiled by FnGuide, Samsung is projected to post second-quarter revenue of 166.76 trillion won ($120.3 billion) and operating pro
