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Hyundai Motor to invest $15.5 billion in India through 2032 SEOUL, October 14 (AJP) - Hyundai Motor group will invest $15.5 billion in India through 2032 to expand production, research and supply chains, the South Korean automaking conglomerate said Tuesday.
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White House reiterates Korea to invest in Alaska LNG project SEOUL, October 14 (AJP) - South Korea will invest in a proposed US$54 billion liquefied natural gas (LNG) project in Alaska as part of a broader trade deal reached last year, new White House press secretary Katie Zacharia said on Tuesday.
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Chip windfall shields Korea's won for now. Is KOSPI a harbinger? SEOUL, October 13 (AJP) — Judging by a gloomy Tuesday in Seoul — with chip stocks and the KOSPI tumbling — the chip binge may be nearing its end despite sterling earnings and bullish analyst forecasts.
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Korea's CES future asks why sell white goods when you can sell a house
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A one-legged billboard takes aim at South Korea's political divide
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Samsung chief Lee to be gifted $1.9 billion in shares from mother SEOUL, October 13 (AJP) - Samsung Electronics Chairman Lee Jae-yong is set to receive 2.6 trillion won ($1.86 billion) worth of shares in the South Korean tech giant from his mother, Hong Ra-hee, further increasing his direct stake in the company. -
Seoul to start govt migration with 10,000 officials moving to Sejong SEOUL, October 13 (AJP) -South Korea’s Financial Services Commission and its financial intelligence unit will move to Sejong in the second half of 2027 under a broader plan to relocate nearly 10,000 government officials and complete the administrative capital by 2031. -
Korean drivers' blinker blind spot prompts nationwide crackdown SEOUL, October 13 (AJP)— It should be a habit for drivers to signal before turning or changing lanes. Or is it? South Korean police are not convinced and launched a nationwide crackdown. -
Korea could be physical AI's Taiwan, Nvidia Korea chief says SEOUL, October 13 (AJP) - South Korea could take over the pivotal supply-chain role that Taiwan plays in data centers once physical AI matures into a major industry, said Jeong So-young, head of Nvidia Korea, on Tuesday. &
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South Korea risks losing a seat in U.S.–North Korea mind games SEOUL, October 13 (AJP) - South Korea risks losing a seat at the negotiating table as Washington and Pyongyang size each other up for a possible return to summit diplomacy, leaving Seoul to confront a growing missile threat with diminishing influence over how it might be addressed. North Korea launched its 16th ballistic missile barrage of the year on Monday while U.S. President Donald Trump, on the other side of the Pacific, floated the possibility of meeting North Korean leader Kim Jong-un du by Lee Jung-woo
South Korea rethinks military privileges as medals collide with fairness
SEOUL, October 08 (AJP) - Military service has long been one of South Korea’s most unforgiving tests of fairness, with disputes over who serves and who does not capable of ending public careers. Now the government is revisiting a decades-old system that allows selected athletes and artists to pursue their careers instead of entering regular military service, as a shrinking recruitment pool adds urgency to longstanding questions over privilege. Defense Minister Kang Shin-chul told a parli
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Samsung stock crash shatter employees' dreams of new homes SEOUL, October 13 (AJP) - Samsung Electronics shares fell more than 7 percent Tuesday to 232,000 won ($173) — nearly 40 percent below their June peak of 374,500 won ($279). The continued slide despite a staggering $80 billion in third-quarter operating profit is unsettling not just shareholders but also chip division employees daydreaming of bigger homes, new cars and early retirement as they await bonuses that could rival the nest egg an ordinary Korean salaried worker spends 30 years b
Korea Inc.'s delinquencies simmer beneath the chip halo
SEOUL, October 12 (AJP) — Strip away the chip halo and stress is deepening across corporate Korea, with overdue loans growing far faster than lending as elevated financing costs push vulnerable smaller companies closer to default. Delinquent corporate loans at domestic banks reached 10.1 trillion won ($7.6 billion) in the second quarter, more than triple the 2.9 trillion won recorded at the end of 2021, according to Bank of Korea data submitted to Democratic Party lawmaker Ahn Do-geol. O
