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Foldables flip the script in Apple VS Samsung Round 2 SEOUL, September 10 (AJP) - Nineteen years ago, Apple's iPhone rewrote the rules of the mobile phone industry, forcing Samsung Electronics and other handset makers into a frantic race to catch up.
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BOK sees chip windfall spreading, inflation risks rising SEOUL, September 10 (AJP) - South Korea's exceptional chip windfall, already swelling corporate profits and public finances, is likely to reach households with a lag and can bolster not just consumption but also housing demand and inflation.
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AI, robotics firms help revive South Korea's IPO scene SEOUL, September 10 (AJP) –The number of initial public offerings is showing signs of recovery in September, with as many as 11 companies preparing to go public. Artificial intelligence (AI) and robotics firms are emerging as a major source of new listings.
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Lee reshuffle reignites South Korea election reform debate
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South Korean team returns from UAE after assessing Hormuz deployment
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Nearly half of South Koreans oppose Hormuz deployment, poll finds SEOUL, September 10 (AJP) - Nearly half of South Koreans oppose sending military assets to the Strait of Hormuz, a poll released on Thursday shows. -
Seoul bus strike looms next week as wage talks stall SEOUL, September 10 (AJP) - A full-scale strike by bus drivers in Seoul is increasingly looming, as they threatened again on Thursday to proceed with their planned strike next week. -
PM orders preemptive measures to secure crude oil supplies SEOUL, September 10 (AJP) - Prime Minister Han Seong-sook on Thursday ordered officials to secure crude oil supplies in advance amid renewed tensions in the Middle East, citing concerns over possible supply disruptions. -
Hanwha Systems unveils space AI solution at Poland defense expo SEOUL, September 10 (AJP) - Hanwha Systems has unveiled an artificial intelligence-powered satellite imagery analysis solution overseas for the first time, as the South Korean defense company seeks to expand its presence in the global space and defense markets.
ASIA Insight>
BOJ September hike view hardens across major houses SEOUL, September 10 (AJP) — Expectations that the Bank of Japan (BOJ) will raise its policy rate this month have hardened across economists, markets and major financial houses, although some forecasters still favor an October move. A Reuters poll conducted from Sept. 1 to 8 showed 66 of 68 economists, or 97 percent, expecting the BOJ to raise its policy rate to 1.25 percent on Sept. 18. The figure was up sharply from 57 percent in the previous survey. The survey figure does not represent by Kim Yeon-jae
South Korea takes state-led route in AI race as latecomer
SEOUL, September 09 (AJP) - America's biggest technology companies are preparing to pour roughly $725 billion into artificial intelligence infrastructure this year. South Korea cannot come close to matching that private-sector firepower. So Seoul is reaching for something Silicon Valley does not need nearly as much — the state balance sheet. The government's 2027 budget bill submitted to the National Assembly on Sept. 3 lifts spending on AI and three linked mega-projects by 97.2
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Today's Photo
Actress Lee Na-young attends photo call
Today's Photo
Actress Lee Na-young attends photo call
AJP Focus>
Chip boom: boon or curse for Korea's household debt? SEOUL, September 10 (AJP) - The chip bonanza is not just lifting South Korea's nominal growth to levels unseen in decades. It is also pushing the household debt ratio toward an 11-year low as gross domestic product expands much faster than borrowing. The household debt-to-GDP ratio could fall toward 80 percent this year - or the lowest level since 79.2 percent in 2015 - if double-digit nominal growth of 15 to 20 percent is sustained in the second half. The ratio had already fallen to 85.3
Korea's Gen Z is running out of first-job options
SEOUL, September 09 (AJP) - Gen Z may be an unlucky lot. The pandemic stole much of their college life, and the shift to artificial intelligence is now stripping away some of their first chances to gain real work experience. Lee Jae-hong, 27-year-old living in Seoul with his parents, has been applying jobs for two years, and this year, he finds fewer places to apply. "I feel like standing nowhere. I've started hard all my life and graduated from a decent school. But I cannot even pass
