• Lee's approval rating slides further SEOUL, August 10 (AJP) - President Lee Jae Myung's approval rating slid further to hit a new low, according to a survey released by pollster Realmeter on Monday. In its survey of more than 2,500 adults nationwide conducted last week, 43.3 percent of respondents said Lee was doing a good job, down 2.6 percentage points from the previous week and marking the fourth straight week of decline. The disapproval ra
• Nearly 1 in 8 Koreans live outside conventional homes SEOUL, August 10 (AJP) - Nearly one in eight South Koreans living alone resides in motels or other quarters not classified as housing, with the share approaching one in five among those in their 20s and 30s.
• Retail investors pour over 200 trillion won into stocks SEOUL, August 9 (AJP) - Individual investors poured money into the highly volatile stock market in recent months, with their net purchases exceeding 200 trillion won this year.
• Samsung steps up US hiring ahead of chip plant's launch in Texas SEOUL, August 9 (AJP) - Samsung Electronics is ramping up efforts to secure local talent for its semiconductor fab in Taylor, Texas, as it prepares to begin initial operations later this year.
• Can KOSDAQ sustain its rally after stricter ETF rules? SEOUL, August 9 (AJP) - South Korea's junior KOSDAQ market has regained momentum after stricter rules on single-stock leveraged exchange-traded funds (ETFs) took effect.
• SK chief's lengthy divorce case nears end as appeal deadline looms SEOUL, August 9 (AJP) - Attention is turning to whether the long-running property division dispute between SK Group Chairman Chey Tae-won and his wife Roh So-yeong will finally come to an end after nearly a decade.

AJP Briefing

• Naver, education institute team up on AI textbooks for seniors SEOUL, August 10 (AJP) - Naver announced Monday it has signed a memorandum of understanding with the National Institute for Lifelong Education (NILE) to jointly develop AI and digital literacy content tailored to senior citizens, as part of a broader push to narrow South Korea's digital divide. The agreement revealed Monday was signed on Aug. 7 at Naver's headquarters in Bundang, the company said. It aims to strengthen everyday AI and digital competency among seniors and other digitall
• South Korea warns of new voice-phishing scam laundering stolen funds SEOUL, August 10 (AJP) — South Korean scammers are using loan offers to gain access to low-credit borrowers’ bank accounts and launder money stolen through voice phishing, the Financial Supervisory Service (FSS) warned Monday. The warning came after the regulator found that criminal groups were increasingly using gift certificates to move stolen funds instead of transferring the money or withdrawing it from ATMs, making the proceeds harder to trace. The scheme begins with people wh

AJP ScaleUP

• KOSDAQ-listed biotech Alteogen rallies on BlackRock stake SEOUL, August 10 (AJP) — Shares of South Korean biotech firm Alteogen jumped more than 15 percent Monday after BlackRock, the world's largest asset manager, disclosed that its combined holdings in the company had crossed 5 percent. As of 11:17 a.m., Alteogen was trading at 346,500 won ($244.74), up 13.77 percent from the previous session. The rally followed a regulatory filing submitted Friday by BlackRock Fund Advisors, which showed that the firm and its affiliated entities held a c
• YG Entertainment shares rise on new album revenue SEOUL, August 07 (AJP) — Shares of YG Entertainment rose Friday after the K-pop agency reported a 31 percent jump in second-quarter operating profit, driven by new releases from its groups TREASURE and BABYMONSTER. As of 1:42 p.m., shares of the company were trading 1.11 percent higher at 41,050 won, after rising as much as 3.20 percent to an intraday high of 41,900 won. Operating profit for the April-June period rose 31.2 percent from a year earlier to 10.97 billion won ($7.3 million),

ASIA Insight

• Can robots fill Korea's military ranks? SEOUL, August 07 (AJP) - Robots are emerging as a necessity rather than a choice for South Korea, which must defend one of the world's most heavily militarized borders with a rapidly thinning pool of young men. As birthrates collapse and the number of available conscripts shrinks, the question facing militaries such as South Korea's is no longer whether machines will join the ranks, but how much work they can take off human soldiers. For now, that does not mean robotic infantry chargin by Kim Hee-su
• Kangaroo families become the new normal from Seoul to San Francisco SEOUL, August 06 (AJP) - Suddenly, kangaroos seem to be multiplying around the world. Not in the Australian outback, but in family homes from South Korea to the United States, where growing numbers of young adults are delaying independence and staying in — or moving back to — their parents' houses as soaring housing costs outpace wages. The once-stigmatized "kangaroo family," in which adult children remain in the parental home, is increasingly becoming an economic nec by Lee Jung-woo

AJP Watch

• A tale of two Koreas: one learns war, the other stumbles at the border SEOUL, August 07 (AJP) - North Korea is gaining first-hand experience in drones, artillery and ballistic missiles on the battlefields of Ukraine while South Korea's front-line forces are confronting failures in something more basic: loaded weapons, reporting and command. The contrast is sharpening as Pyongyang expands military cooperation with Russia and continues developing its nuclear and missile arsenal, while Seoul investigates why some troops guarding the world's most heavily forti
• Korean ants suffer twice as losses become fake spectacle SEOUL, August 07 (AJP) - Forty years of savings. Gone. A leveraged bet on SK hynix. A 78.7 percent loss. Some 2.2 billion won ($1.5 million) wiped out. A brokerage screenshot appeared to prove every painful detail. The post, uploaded to local community platform Danggeun on July 30, claimed an investor had gone bankrupt after pouring four decades of savings into a leveraged exchange-traded fund tied to SK hynix. It was devastating…except that it was also fake. The image was doctored.

AJP Focus

• How AI sees SK hynix's downfall — and where it goes next SEOUL, August 08 (AJP) - Ask two leading artificial-intelligence chatbots why SK hynix has lost more than half its value from its June peak, and they arrive at a remarkably similar conclusion: the company's business has not collapsed, but the price investors were willing to pay for its extraordinary AI-driven earnings has. AJP separately asked Anthropic's Claude and OpenAI's ChatGPT to examine SK hynix's rout in Seoul and New York, including trading flows following its Nasdaq d
• Dormant debt market exposes non-chip Korean Inc. slump SEOUL, August 06 (AJP) - Summer arrived early for South Korea's corporate debt market as only a handful of investment-grade issuers broke the drought amid rising borrowing costs and subdued investor demand, exposing the slump across much of non-chip Korean Inc. Public corporate bond issuance totaled 2.96 trillion won ($2.1 billion) in July, down 16.1 percent from June and 37.5 percent from a year earlier, according to the Korea Financial Investment Association. Only 11 issuers conducted boo