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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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S. Korea to boost special forces gear ahead of OPCON transfer
SEOUL, November 10 (AJP) - South Korea plans to increase purchases of infiltration equipment for its Army special forces by more than 16 times next year as part of efforts to strengthen independent operational capabilities ahead of the transfer of wartime operational control (OPCON) from the United States.
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Korea to extend growth above 3% 2027: KIF
SEOUL, November 10 (AJP) — South Korea's economy is forecast to grow 3.1 percent in 2027, sustaining chip-led growth above 3 percent for a second straight year a think tank said Tuesday.
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Korea's Lee urges bipartisan outreach after midterms
SEOUL, November 10 (AJP) - President Lee Jae Myung on Tuesday called for stronger bipartisan cooperation with the U.S. Congress and closer monitoring of financial markets, warning that changes in Washington following last week's midterm elections could affect South Korea's economy and foreign policy.
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Chip boom lifts Korea's minority shareholder tally 24%
SEOUL, November 10 (AJP) — Samsung Electronics and SK hynix, South Korea's two chipmaking giants, led a 24.2 percent surge in minority shareholder counts across the country's listed companies over 18 months, even as most firms lost investors.
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
Nexon, NHN profits climb as Krafton stumbles in Q3
Seoul approves expanded Cheonghae Unit mission near Oman
