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Strike looms at Hyundai Motor after mediation fails
SEOUL, June 25 (AJP) -The labor union of South Korea's largest automaker, Hyundai Motor Co., secured the legal right to strike on Thursday after labor authorities suspended mediation in the company's wage negotiations.
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Renewables ride the AI power boom, but the grid can't keep up
SEOUL, June 24 (AJP) - Renewables are being fully employed to feed the world's hungry AI data centers as farming Mother Nature is cheap and quick to build. Yet a widening gap between green ambition and grid reality — from Beijing to Naju — is exposing the limits of an energy transition running at full tilt. Global electricity demand from data centers is set to roughly double to about 945 terawatt-hours by 2030 and reach around 1,200 TWh by 2035, the International Energy Agency s
by Kim Dong-young
Korea's new obsession: borrowing to buy stocks, not homes
SEOUL, June 23 (AJP) - South Korea's stock craze has reached a point where borrowing to buy shares is becoming more socially acceptable than borrowing to buy an apartment. The shift reflects a profound change in a country long defined by its obsession with real estate, as millions of Koreans pour into a handful of AI-related stocks in pursuit of rapid wealth creation. Tuesday's selloff offered a reminder of how fragile that enthusiasm can be. The benchmark KOSPI crashed nearly 10 perc
Korea's migration to developed status rejected and the won is why
SEOUL, June 24 (AJP) - The stock market rebounded, but the Korean won slipped deeper toward crisis-era lows after South Korea once again failed to make MSCI's developed-market watchlist, a sober reminder that the currency - not the equities - is the stumbling block to an upgrade. The KOSPI has quadrupled over the past 18 months to become one of the world's best-performing equity markets since 2025, but its rally alone was not enough. For years, Seoul has tried to secure MSCI develope
AI touts in Korean teens' hands are a growing worry for parents
SEOUL, June 24 (AJP) - Gambling used to be a taboo word in South Korea. Real-money betting is prohibited in online games, as are casinos, bingo and lotteries for most citizens. But illegally, online gambling is proliferating — and increasingly invading classrooms. The episode in Netflix's hit drama "Teach You a Lesson," in which an ordinary high school student becomes addicted to gambling, destroys his family life and is eventually pulled into a criminal ring to repay debt
Korea to retain conscription while expanding tech-focused NCO track
CEPA 's signing between Korea and Thailand to elevate ties: envoy
