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Korea $36B away from $1 trillion in 2026 exports
SEOUL, November 11 (AJP) -South Korea eyes achieving $1 trillion export year this month as it keeps up chip-fueled record-setting streak in the first 10 days of November, preliminary customs data showed Wednesday.
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Korea's youth employment rate hits near 5-year low
SEOUL, November 11 (AJP) — South Korea’s under-30 employment rate slipped for the 30th consecutive month to 42.9 percent, a level last seen during the pandemic in February 2021, government data showed Wednesday.
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Hyundai, Samsung SDI co-design EV battery pack
SEOUL, November 11 (AJP) - Hyundai Motor, Kia and Samsung SDI have moved beyond a buyer-supplier relationship to jointly design an electric vehicle battery pack, according to patent records from the Korea Intellectual Property Rights Information Service (KIPRIS).
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AI shocks strengthen case for longer BOK pause
SEOUL, November 10 (AJP) – A pair of U.S. shocks — Democratic election victories in major data center states and a scandal engulfing Nvidia CEO Jensen Huang — is strengthening the case for the Bank of Korea to keep interest rates steady for longer as uncertainty clouds South Korea’s chip-driven economy.
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Korean envoy seeks French support for Korean business
ZURICH, November 10 (AJP) -South Korean Foreign Minister Cho Hyun has asked France to help ensure a stable business environment for Korean companies in Europe as the two countries deepen ties in their 140th year of diplomatic relations.
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Experts advise Seoul safeguards over blanket teen social media ban
This is the second installment in an AJP series bringing together international perspectives as Seoul weighs age limits and other restrictions on minors’ access to social media. SEOUL, November 10 (AJP) - As South Korea prepares to build public consensus on the scope and means of regulating minors’ access to social media, international experts urge a careful balance between freedom of expression and safeguards against harm. The Korea Media and Communications Commission plans to sur
by Lee Jung-woo
Won defies stock selloff as export dollars offer support
SEOUL, November 9 (AJP) — South Korea’s won strengthened alongside the Japanese yen Monday despite continued foreign selling of Korean equities as exporters’ dollar conversions helped cushion the currency against concerns over slowing AI investment. The divergence reflects two different forces: stock investors are reassessing future semiconductor earnings, while exporters are still converting dollars earned from strong overseas sales. The won closed daytime trading at 1,347.1
More talk, little progress on Korea's sovereign AI
SEOUL, November 10 (AJP) - Another alliance to advance South Korea's sovereign AI ambitions was announced Monday, adding to a growing roster of partnerships that have yet to deliver a clear breakthrough 17 months into the national push. This time, the partners are Nvidia, SK Telecom and Korean chip startup Rebellions. Their agreement at Nvidia AI Day Seoul will connect Rebellions' Rebel R200 neural processing unit (NPU) to Nvidia's platform through its NVLink Fusion technology. SK T
Data center reckoning: A blessing in disguise for Korean chipmakers?
SEOUL, November 09 (AJP) - The foreign flight from Korean chip stocks over fears of slower U.S. data center construction need not spell the end of the AI fairy tale since power constraints unsettling investors could instead reward Korean chipmakers’ years of investment in energy efficiency, according to a semiconductor expert. Investors risk equating fewer new data centers with fewer memory orders, overlooking demand for upgrades at existing facilities, said Lee Jong-hwan, a professor of
South Korea ranks 10th in AI competitiveness
Hanwha Qcells earns top ratings for US-made solar modules
