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Korea regains top spot in China's import market after seven years

South Korea reclaimed its position as China's largest source of imports for the first time in seven years, riding a semiconductor export boom that also lifted its ranking in the U.S. import market, according to K-stat data from the Korea International Trade Association (KITA). China's imports from South Korea surged 75.1 percent from a year earlier to $236.2 billion in the January-September period, giving Korea the largest share of the Chinese import market at

Russia demands NATO pullback to 1997 positions: NYT

Russia has revived its demand that NATO withdraw forces from Eastern Europe to positions held before the alliance's eastward expansion in 1997, widening the scope of U.S.-brokered Ukraine peace talks to Europe's security architecture, The New York Times reported Friday. A Russian document circulated during closed-door negotiations with U.S. envoys this week repeated demands Moscow made shortly before its February 2022 invasion of Ukraine, including a military p

Anthropic CEO vows restraint ahead of blockbuster IPO

Anthropic CEO Dario Amodei pledged to “underpromise and overdeliver” ahead of the AI company's stock market debut next Thursday, signaling a cautious approach to valuation as volatility rattles investor confidence in the AI boom. “We’re not super fussed on when exactly, what month, what market conditions we go public into,” Amodei told JPMorgan Chase CEO Jamie Dimon during a fireside chat Friday at the bank's Manhattan headquarte

FAA grounds U.S. flights nationwide over communications failure

The Federal Aviation Administration (FAA) ordered a nationwide halt to flight departures Friday afternoon after a communications failure disrupted air traffic control centers across the United States, citing extraordinary circumstances and safety concerns. The shutdown was the first nationwide ground stop since January 2023, when a malfunction in the FAA's pilot notification system temporarily halted domestic departures. Before that, the last nationwide grounding

U.S. targets $1.2 billion from North Korean crypto heist

U.S. authorities have obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance in a record heist attributed to North Korean hackers, the Justice Department said Thursday. The amount forms part of more than $2.7 billion already frozen through joint efforts by U.S. authorities and private companies following the October theft. Efforts to recover the remaining assets are continuing, the department said in its Nov. 12

North Korea alters proportions of national flag

North Korea has changed the official proportions of its national flag for the first time since the country was founded in 1948, according to the country's propaganda website Naenara. The revised constitution, released by the website earlier this week, also stipulates a change in the flag's ratio from 1:2 to 1:1.65, making it narrower. The flag's design and official symbolism, however, remain unchanged. Experts speculate that the move is part of Pyongyang

Pakistan says forces killed 74 militants in border raids

Pakistani security forces have killed 74 militants in raids on hideouts in the country’s northwest and southwest near the Afghan border over the past 10 days, the Associated Press reported citing the military Friday. Operations in Mir Ali and Orakzai in Khyber Pakhtunkhwa province accounted for 43 of those killed, the military said in a statement. Troops also seized weapons, ammunition and explosive devices.

Vice FM to visit US for broader economic talks

South Korea's Second Vice Foreign Minister Kim Jin-a will visit the U.S. next week to discuss bilateral economic cooperation, the Ministry of Foreign Affairs said on Friday. During her visit from Sunday to Wednesday, Kim is scheduled to meet with U.S. Undersecretary of State for Economic Growth, Energy and the Environment Jacob Helberg next Monday to explore ways to strengthen supply chains and expand mutually beneficial economic ties. Kim will also attend an ec

AI bust? Bet goes on, albeit in moderation
ASIA Insight
AI bust? Bet goes on, albeit in moderation

Nvidia is a darling of South Koreans invested in U.S. stocks and a customer helping memory chipmakers SK hynix and Samsung Electronics mint profits. Jensen Huang, its departing founder, enjoyed a celebrity status here.

AI bust? Asias bigger test is making AI pay
ASIA Insight
AI bust? Asia's bigger test is making AI pay

In the final installment of AJP’s four-part series on the durability of the AI boom, Harvard Business School professor Willy Shih and World Bank Chief Economist for Asia Franziska Ohnsorge examine the risks facing Asia’s technology suppliers and the challenge of turning an investment windfall into lasting economic gains.

AI bust? After Huang, Korea must make its windfall last

*Editor’s note: South Korea has basked in the glow of Nvidia’s epic rise and now stands exposed to the fallout from the sudden departure of Jensen Huang, a central architect and driver of the AI boom. His exit comes as scrutiny of soaring AI spending and resistance to data center construction test the durability of a boom that has powered Korea’s semiconductor earnings and export surge.

AI bust? Korea presses on with chip republic despite Huang setback

President Lee Jae Myung and Samsung Electronics Chairman Lee Jae-yong  turned the first shovels of earth on Thursday at a groundbreaking ceremony to scale up the company’s decades-old chip assembly and testing complex in Onyang into a cutting-edge high-bandwidth memory (HBM) packaging hub.

Iran invokes Korean proverb to warn Seoul

Iran's foreign ministry has reached for a Korean proverb to warn South Korea against expanding its naval footprint toward the Strait of Hormuz, cautioning that a sparrow trying to fly after a stork will end up with broken legs.

Opinion

Op-Ed: The AI emperors dangerous affair
Op-Ed: The AI emperor's dangerous affair

The author, Abe Kwak, is the Chairperson of the Asia-Pacific Media Association based in Seoul. Jensen Huang’s Sudden Exit, Nvidia’s Uncertain Future, and the Struggle for Technological Supremacy Between America and China The man who helped build the infrastructure of the artificial intelligence revolution has been brought down not by a rival's superior technology, a Chinese breakthrough in semiconductor manufacturing, or a political campaign against his compan

OPINION: KOSDAQ at 30 needs to grow up
OPINION: KOSDAQ at 30 needs to grow up

Life begins at 30, so they say. Investors in KOSDAQ are still waiting for the junior stock market to grow into the promise of its birth as Korea’s answer to Nasdaq. The market turned 30 in July. By Thursday, its index stood more than 30 percent below its starting level on today’s scale. In an otherwise rewarding year for many stock markets, including its bigger sibling KOSPI, the KOSDAQ has lost about 22 percent. For two sessions this week, it seemed ready to shake

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HYBE wins Asian award for global cash overhaul

HYBE has won an Asian corporate treasury award for a system that manages cash across its overseas operations, the K-pop company said Friday. HYBE received the Overall Winner prize in the Judges' Choice category at the 2026 Adam Smith Awards Asia. Winners were announced in September and honored at a ceremony in Singapore on Nov. 10. The competition, organized by Treasury Today Group, drew 345 entries from 21 countries. HYBE was the only recipient i

HYBE wins Asian award for global cash overhaul
aespa joins Eartha Kitt for new 'Santa Baby'

K-pop group aespa has teamed up with the American singer Eartha Kitt for a new version of the Christmas classic "Santa Baby" featuring her original vocals, SM Entertainment said Friday. The collaboration comes ahead of the 100th anniversary of Kitt's birth on Jan. 17, 2027. Kitt first recorded the song in 1953, and her rendition remains one of its most recognizable versions. Primary Wave Music, the song's music publisher, handled the

aespa joins Eartha Kitt for new Santa Baby
NCT 127, NCT Dream to share Coachella stage

NCT 127 and NCT Dream will perform at next year's Coachella festival under the NCT banner, SM Entertainment said Thursday, confirming the two groups behind the festival's lineup listing. Both groups will take the stage on April 10 and 17 in Indio, California. Each will deliver its own performance before joining forces for a collaborative set, the agency said. The appearances will mark the Coachella debut of both NCT units. The festival's o

NCT 127, NCT Dream to share Coachella stage

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