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Team Korea throws gas project to sweeten sub pitch to Canada SEOUL, June 23 (AJP) - The Canadian submarine contest is getting bigger and bigger as decision day nears, with Team Korea led by Hanwha Ocean throwing in a $16 billion floating liquefied natural gas project.
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Samsung, SK hynix to unveil new facility investment in southern Korea SEOUL, June 23 (AJP) - South Korea's memory giants Samsung Electronics and SK hynix, both based in the capital region, are moving south to build new fabs as their semiconductor campuses in Gyeonggi Province have little room left for expansion.
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Samsung Elec HBM4 chip sales surpass $1 bln in first four months SEOUL, June 23 (AJP) - Samsung Electronics, vying to leapfrog in the high-bandwidth memory (HBM) race, has shipped out $1 billion worth of the sixth-generation HBM4 over the last four months since mass production.
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Korea's leverage in humanoid as it becomes auto battle: CLSA
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SpaceX slide painfully watched by Korean retailers holding nearly $2 billion
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Korea touts edge in Canada submarine bid despite NATO concerns SEOUL, June 23 (AJP) - South Korean Industry Minister Kim Jung-kwan said Tuesday that Seoul remained hopeful about its bid for Canada’s next-generation submarine program. -
Homeplus pays April, May wages as Express sale proceeds SEOUL, June 23 (AJP) - Homeplus, the South Korean hypermarket chain mired in court-led rehabilitation, paid its long-overdue April and May wages. -
LG Chem to invest $9.7 billion in R&D for AI-driven materials shift SEOUL, June 23 (AJP) - LG Chem will pour 15 trillion won ($9.75 billion) into research and development through 2035 as South Korea's largest chemical maker pivots toward high-value, AI-driven materials. -
Lee to meet Samsung chief later this week amid AI boon share debate SEOUL, June 23 (AJP) - President Lee Jae Myung is expected to meet Samsung Group Chairman Lee Jae-yong later this week, according to government sources.
ASIA Insight>
Korea's new obsession: borrowing to buy stocks, not homes SEOUL, June 23 (AJP) - South Korea's stock craze has reached a point where borrowing to buy shares is becoming more socially acceptable than borrowing to buy an apartment. The shift reflects a profound change in a country long defined by its obsession with real estate, as millions of Koreans pour into a handful of AI-related stocks in pursuit of rapid wealth creation. Tuesday's selloff offered a reminder of how fragile that enthusiasm can be. The benchmark KOSPI crashed nearly 10 perc by Ryu Yuna
When elections falter, trust becomes real test of democracy
SEOUL, June 23 (AJP) - Democracy rarely fails all at once. More often, it unravels gradually through procedural confusion, administrative breakdowns, allegations of irregularities, and a slow erosion of public trust in the systems meant to ensure fairness and transparency. South Korea's June 3 local elections, marked by irregularities and disruptions, is an uncomfortable reminder that even mature democracies can be fragile and that public trust, once strained, is difficult to rebuild. In S
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Today's Photo
Han River pool opens as heat wave arrives early
Today's Cut
Seoul demonstrators demand election fairness
AJP Focus>
Korea's baffling vitals: an economy puffing hot and cold SEOUL, June 22 (AJP) -The South Korean economy is running hot and cold — and the honest answer to whether the hot part is real isn't yes or no. It's that the boom is genuine and the headline numbers are still misleading you about what it means for the economy as a whole. By the headline numbers, Asia's fourth-largest economy is doing exceedingly well, seemingly unfazed by nearly four months of disruption to the Strait of Hormuz, the chokepoint for roughly a fifth of the world&
When AI talks markets: Three chatbots, one Samsung question, and the $620 bet behind it
SEOUL, June 21 (AJP) - The world has always found curious ways to talk about the future. Sometimes the storyteller is a philosopher, sometimes an economist. In 2026, a new narrator has joined them: artificial intelligence. Claude, Gemini and ChatGPT — three large models built by three rival labs — were each handed the same question. A Wall Street analyst has put an 850,000-won target on Samsung Electronics. What to make of it? What stands out is not that the three reached wildly
