• Korea inflation hits 30-mo high June, pace slows on weak demand SEOUL, July 02 (AJP) - South Korea's consumer inflation accelerated to a 30-month high in June as soaring petroleum prices accounted for nearly one percentage point of the headline increase, keeping pressure on policymakers while demand remains weak.
• Korean football leadership faces civic complaint after World Cup shame SEOUL, July 02 (AJP) - The fallout from South Korea's group-stage exit at the 2026 FIFA World Cup is spreading beyond football, as the Korea Football Association faces renewed legal and political pressure over its leadership and decision-making.
• SK bets Korea's next export miracle will be AI tokens SEOUL, July 02 (AJP) -Exports have powered South Korea's economy for the past six decades, with chips fueling the country's record export heyday. But over the next 60 years, the country's most valuable export may not be chips, but AI tokens that power AI factories.
• Celltrion Pharm to invest 2 trillion won in new PFS plan SEOUL, July 02 (AJP) - Celltrion Pharm announced it will invest about 2 trillion won ($1.28 billion) to build a new prefilled syringe (PFS) production plant in North Chungcheong Province.
• AMCHAM launches AI leadership council to leverage alliance for AI supremacy SEOUL, July 02 (AJP) - The American Chamber of Commerce in Korea launched a new AI Leadership Council on Thursday, bringing together senior executives from major global technology, finance, manufacturing and mobility companies.
• Climate forum in Seoul frames clean energy shift as security challenge SEOUL, July 02 (AJP) - South Korean lawmakers, German diplomats and climate experts on Thursday framed the transition to clean energy as no longer just an environmental issue, but a matter of national security, industrial competitiveness and global trade strategy.

AJP Briefing

• AI panic sweeps Asia, hitting Seoul hardest SEOUL, July 02 (AJP) - South Korean stocks led Asia's selloff on Thursday as another wave of panic over artificial intelligence and semiconductor valuations rattled investors, dragging the benchmark KOSPI below the 8,000 mark and the junior KOSDAQ below 900. The benchmark KOSPI tumbled 7.89 percent to close at 7,648.09, its first finish below 8,000 in 15 trading sessions. The index opened down 4.46 percent at 7,933.10, briefly recovered above 8,100 during the session, but selling accelerate
• Hanwha cuts petrochemical prices amid Gulf cost pressures SEOUL, July 02 (AJP) - Hanwha Solutions said Thursday it will cut prices for major petrochemical products by up to 250,000 won ($161) per ton to ease cost pressures on plastics manufacturers after supply disruptions caused by the Iran war. The company will lower prices for products including polyethylene and polyvinyl chloride by between 100,000 won and 250,000 won per ton. Hanwha Solutions said the move is intended to share savings from government support for naphtha and other key petrochemic
• World Cup 26: England survive DR Congo scare, U.S. advance SEOUL, July 02 (AJP) - England survived a major scare to reach the last 16 of the 2026 FIFA World Cup, while co-host United States advanced despite a red-card setback that left a bitter aftertaste to an otherwise hard-fought win. Belgium also moved on, but only after a dramatic late comeback against Senegal that raised as many questions as it answered. England came from behind to beat DR Congo 2-1 at Atlanta Stadium in Atlanta, Georgia, on Wednesday, in a match that kicked off at noon local ti
• KOSPI falls below 8,000 as Wall Street chip rout spills over SEOUL, July 2 (AJP) - South Korean stocks suffered another heavy selloff on Thursday, with the benchmark KOSPI plunging more than 5 percent in early trading, falling below 8,000 points. The decline followed an overnight rout in U.S. semiconductor shares, which reignited concerns that the artificial intelligence (AI)-led boom may be losing momentum. Just minutes after trading began, the KOSPI fell 5.30 percent to 7,862.92 and the junior KOSDAQ also dropped 4 percent to 892.18. A sharp decline i

ASIA Insight

• Korea-Japan weak currency coupling tells different stories SEOUL, July 02 (AJP) - For South Korean policymakers battling a persistently weak won, the culprit is relatively straightforward: heavy foreign selling of Korean equities and an insatiable domestic appetite for dollar-denominated assets. The picture is more puzzling in Japan. Despite record foreign buying of Japanese stocks this year, the yen has continued to languish near multi-decade lows, defying the conventional expectation that capital inflows should support a country's currency. The by Kim Yeon-jae
• China races past Japan, eyes 10 million car exports SEOUL, July 02 (AJP) - China is on pace to export nearly ten million vehicle units this year, according to global consulting firm AlixPartners' 23rd annual Global Automotive Outlook, released June 25. The expected export volume would be a jump from 7.1 million units in 2025, marking the fastest expansion yet for the Chinese automobile industry that, for most of its history, built cars almost entirely for its own drivers. For decades, exports were an afterthought in China's car industry. by Park Sae-jin

AJP Watch

• Not everyone in Korea stock-crazy. Some chase Pokémon cards instead SEOUL, June 30 (AJP) - For many South Koreans in their 20s and 30s, priced out of homeownership and wary of the stock market, a rare Pokémon card has become both a comfort and a hard-won luxury. Dozens, then hundreds, of collectors lined up outside a shop in Yongsan, downtown Seoul, long before its 10:30 a.m. opening. Ten minutes after registration began, 63 groups were already queued on the kiosk tablet, tapping their feet impatiently for the doors to open. Security guards kept the l
• The trillion-dollar chip project revives Korea's old Jeolla-Yeongnam rivalry SEOUL, June 29 (AJP) - Pork-barrel projects are always political. The debate becomes even hotter when the prize is the world's most coveted commodity — AI memory chips — and nearly $1 trillion in investment. A government-backed plan to steer hundreds of trillions of won in new semiconductor investment toward South Korea's southwestern Honam region has erupted into one of the first major political battles of President Lee Jae Myung's administration. The conservative oppo

AJP Focus

• Taking command is easier than commanding the war SEOUL, July 02 (AJP) - South Korea says its military is ready to assume wartime operational control (OPCON) from the United States immediately. Its ally remains doubtful. The United States has a point. Recent difficulties identifying North Korean missile launches, limitations in military reconnaissance satellites and South Korea's continued reliance on U.S. intelligence, communications and strategic assets suggest Seoul has yet to eliminate some of the capability gaps that the conditions-ba
• Stock mania makes gamblers out of Korean retail investors SEOUL, July 01 (AJP) — Tech-savvy and risk-taking South Koreans are learning fast on exotic bets, turning from sluggish cryptocurrency trading to highly leveraged equity investments. An expanding army of mom-and-pop investors is pouring billions of dollars into high-risk leveraged products on offshore cryptocurrency exchange Binance, where they can place bets of up to 150 times on the KOSPI through products banned at home. According to crypto industry sources, Binance began offering KORU