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Outgoing BOK deputy argues for tightening bias
SEOUL, August 11 (AJP) - The Bank of Korea should retain tightening bias as a surge in export income feeds into domestic demand and intensifies inflation and housing pressures, its outgoing deputy said Tuesday.
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Samsung SDI to buy out GM's Indiana battery plant
SEOUL, August 11 (AJP) - Samsung SDI announced Tuesday it will buy out General Motors' entire 49.99 percent stake in their U.S. battery joint venture, SynergyCells, giving the South Korean cell maker its first wholly owned battery plant in North America.
Military AI sovereignty emerges as Asia's new defense front
SEOUL, August 11 (AJP) - The next contest for military power is no longer simply about who has the best weapons or even the most powerful artificial intelligence. It is increasingly about who controls the AI when the shooting starts. The United States has demonstrated the advantage of combining its AI software edge with military might. Japan, China and South Korea are now pursuing different strategies to ensure that critical military capabilities do not become dependent on technology controlled
by Kim Hee-su
Inside Koreas' chip republic: Samsung's AI future starts at 3:45 a.m.
This is the second installment of AJP's Chip Republic series, offering a rare first-hand look inside Samsung Electronics' next-generation fab construction site as the chip giant races to defend its technological supremacy. PYEONGTAEK, August 10 (AJP) - At 3:45 a.m., with the worst of the day's heat still hours away, Samsung Electronics' race to build its next great semiconductor factory is already underway. Temporary food stalls appear in the darkness outside P5, the giant new
KOSDAQ roars back as leveraged bets unwind
SEOUL, August 11 (AJP) — South Korea's long-neglected KOSDAQ is suddenly outrunning its bigger sibling and major stock markets around the world, gaining 19 percent in the first seven trading sessions of August as investors look beyond the leveraged chip trade that dominated the first half. The junior market closed Tuesday at 857.84, up 19.2 percent from 719.76 at the end of July. The benchmark KOSPI, by contrast, has lost 3.8 percent over the same period to 6,345.53. Among major glob
Korean gaming industry's love-hate affair with AI
SEOUL, August 10 (AJP) - South Korean gamers are famously hard to please, putting almost anything new through a punishing stress test. Few newcomers have received a colder welcome than artificial intelligence — loathed when players can see it, yet increasingly indispensable to the people making the games. Korean game developer Shift Up posted a music video for one of its own titles on July 31. Within days, fans had a word for it: slop. The clip for "Wanna Be in Love," from the