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BOK revamps monetary bonds as market liquidity thins SEOUL, August 10 (AJP) - The Bank of Korea is out to sharpen the appeal of its policy bonds by concentrating issuance into fewer, larger benchmark securities, as outstanding central-bank debt falls below 100 trillion won ($70.6 billion).
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USFK air defense unit deploys to Palau for live-fire drills SEOUL, August 10 (AJP) - A U.S. Forces Korea air defense unit recently deployed to Palau in the western Pacific for live-fire surface-to-air missile drills as part of a multinational exercise led by U.S. Army Pacific.
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Zelenskyy turns to Seoul for air defense on surge in N. Korean force in Russia SEOUL, August 10 (AJP) -Ukrainian President Volodymyr Zelenskyy has appealed to South Korea for air-defense support as he warned that as many as additional North Korean troops could be deployed to Russia. Zelenskyy said in a post on X.
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Korea's data-breach wave hits creator media, 3Pro TV latest target
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Rival parties vie to woo younger voters
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Lee's approval rating slides further SEOUL, August 10 (AJP) - President Lee Jae Myung's approval rating slid further to hit a new low, according to a survey released by pollster Realmeter on Monday. In its survey of more than 2,500 adults nationwide conducted last week, 43.3 percent of respondents said Lee was doing a good job, down 2.6 percentage points from the previous week and marking the fourth straight week of decline. The disapproval ra -
Nearly 1 in 8 Koreans live outside conventional homes SEOUL, August 10 (AJP) - Nearly one in eight South Koreans living alone resides in motels or other quarters not classified as housing, with the share approaching one in five among those in their 20s and 30s. -
Retail investors pour over 200 trillion won into stocks SEOUL, August 9 (AJP) - Individual investors poured money into the highly volatile stock market in recent months, with their net purchases exceeding 200 trillion won this year. -
Samsung steps up US hiring ahead of chip plant's launch in Texas SEOUL, August 9 (AJP) - Samsung Electronics is ramping up efforts to secure local talent for its semiconductor fab in Taylor, Texas, as it prepares to begin initial operations later this year.
ASIA Insight>
Can robots fill Korea's military ranks? SEOUL, August 07 (AJP) - Robots are emerging as a necessity rather than a choice for South Korea, which must defend one of the world's most heavily militarized borders with a rapidly thinning pool of young men. As birthrates collapse and the number of available conscripts shrinks, the question facing militaries such as South Korea's is no longer whether machines will join the ranks, but how much work they can take off human soldiers. For now, that does not mean robotic infantry chargin by Kim Hee-su
Kangaroo families become the new normal from Seoul to San Francisco
SEOUL, August 06 (AJP) - Suddenly, kangaroos seem to be multiplying around the world. Not in the Australian outback, but in family homes from South Korea to the United States, where growing numbers of young adults are delaying independence and staying in — or moving back to — their parents' houses as soaring housing costs outpace wages. The once-stigmatized "kangaroo family," in which adult children remain in the parental home, is increasingly becoming an economic nec
Visuals>
Today's Photo
Seoul zoo's special meal for a hungry monkey
Today's Photo
Seoul zoo's tiger gets special summer treat
AJP Focus>
How AI sees SK hynix's downfall — and where it goes next SEOUL, August 08 (AJP) - Ask two leading artificial-intelligence chatbots why SK hynix has lost more than half its value from its June peak, and they arrive at a remarkably similar conclusion: the company's business has not collapsed, but the price investors were willing to pay for its extraordinary AI-driven earnings has. AJP separately asked Anthropic's Claude and OpenAI's ChatGPT to examine SK hynix's rout in Seoul and New York, including trading flows following its Nasdaq d
Dormant debt market exposes non-chip Korean Inc. slump
SEOUL, August 06 (AJP) - Summer arrived early for South Korea's corporate debt market as only a handful of investment-grade issuers broke the drought amid rising borrowing costs and subdued investor demand, exposing the slump across much of non-chip Korean Inc. Public corporate bond issuance totaled 2.96 trillion won ($2.1 billion) in July, down 16.1 percent from June and 37.5 percent from a year earlier, according to the Korea Financial Investment Association. Only 11 issuers conducted boo
North Korea>
- South Korean military steps up vigilance after North Korea fires ballistic missile
- North Korea slams Japan's military buildup, accusing Tokyo of pursuing rearmament
- N. Korea threatens 'new level of deterrence' over S. Korea-led RIMPAC role
- North Korea slams US and allies for spreading 'false information' over IT workers
