KOR JPN
  • Freedom Edge to go ahead despite rollback in Korea drills Freedom Edge to go ahead despite rollback in Korea drills SEOUL, August 26 (AJP) -The United States is preparing to move ahead with a major trilateral military exercise with South Korea and Japan, regardless of the scaled-back annual drills with Seoul ordered by President Donald Trump as he seeks to renew rapport with Pyongyang.
  • Trump persists overture to N. Korea's Kim despite cool response Trump persists overture to N. Koreas Kim despite cool response SEOUL, August 26 (AJP) - U.S. President Donald Trump on Tuesday again expressed his desire to reengage with North Korean leader Kim Jong-un, while criticizing a joint military exercise between Seoul and Washington.
  • Korea business sentiment hits four-year high on chip boom Korea business sentiment hits four-year high on chip boom SEOUL, Aug. 26 (AJP) — South Korean business sentiment rose to its highest level in nearly four years in August, buoyed by strong semiconductor exports and tourism demand even as domestic consumption and factory activity remained weak.
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AJP Briefing

  • Asian stocks tread water ahead of Nvidia results Asian stocks tread water ahead of Nvidia results SEOUL, August 26 (AJP) — Asian stocks were mostly sidelined Wednesday as investors waited for a cluster of market-moving U.S. events, with South Korea's KOSPI and regional chip shares looking to Nvidia's earnings for their next direction. Markets are bracing for three major catalysts - the U.S. personal consumption expenditures price index, Nvidia's earnings after the bell on Wednesday and Federal Reserve Chairman Kevin Warsh's remarks at the Jackson Hole symposium Friday.
  • LG CNS, Naver Cloud to cool Korea's biggest AI factory LG CNS, Naver Cloud to cool Koreas biggest AI factory SEOUL, August 26 (AJP) - LG CNS announced Wednesday that it will build next-generation liquid-cooling infrastructure with Naver Cloud at its Samsong data center, moving to capture an early lead in the fast-emerging market for AI-ready computing facilities. The rollout comes as generative AI drives surging power draw and heat from high-performance graphics processing units, straining the conventional air-cooling systems that have long kept server rooms in check. To answer that, LG CNS will d

AJP ScaleUP

  • H.PIO stock bolstered by stock retire scheme H.PIO stock bolstered by stock retire scheme SEOUL, August 24 (AJP) -South Korean health supplement maker H.PIO's shares rose Monday after the company announced plans to cancel all of its treasury shares. Its shares closed 2.64 percent higher at 2,135 won ($1.54) on the KOSDAQ. The KOSDAQ-listed company said its board approved the cancellation of 191,003 common shares, according to a regulatory filing Monday. The cancellation is scheduled for Sept. 11. The cancellation represents about 0.46 percent of its 41.29 million outstanding co
  • Chip equipment maker rides surprise rally in tandem with Moderna's triple-digit surge Chip equipment maker rides surprise rally in tandem with Modernas triple-digit surge SEOUL, August 20 (AJP) - Shares of semiconductor equipment maker N2TECH hit their daily limit on Thursday as investors rushed into related South Korean stocks following Moderna's positive results from a late-stage cancer vaccine clinical trial. N2TECH's shares closed at 1,925 won on the junior KOSDAQ, up 29.98 percent from the previous session. The stock opened at 1,831 won and fell as low as 1,646 won before rebounding to the daily limit. The rally came after U.S. biotech firm Moderna

ASIA Insight

  • Blame game grows as Korean ants get burned in herd trading Blame game grows as Korean 'ants' get burned in herd trading SEOUL, August 25 (AJP) - The blame first fell on the president, who encouraged households to put their money into stocks rather than leveraged housing bets. Then came the financial regulator, criticized for allowing high-risk exchange-traded funds built around South Korea's chip supremacy. The latest to take a seat in Korea’s blame-game musical chairs are so-called finfluencers, the self-styled investment experts whose stock tips, price targets and market predictions fill YouTube and
  • How Seouls hillside neighborhood becomes hidden gem for foreigners How Seoul's hillside neighborhood becomes hidden gem for foreigners SEOUL, August 21 (AJP) - On a steep hillside beneath Mt. Namsan, a neighborhood once known for cheap housing is giving foreigners a reason to look beyond Seoul's better-known hotspots. It is not as crowded as Seoul's hip Hongik University neighborhood, a popular nightlife district known for its youthful energy or as busy as nearby Itaewon, Seoul's best-known international and entertainment district. Yet Haebangchon has plenty of bars, restaurants and cafés within walking dis
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AJP Watch

  • Korean games chase first Gamescom win since 2022 Korean games chase first Gamescom win since 2022 SEOUL, August 25 (AJP) - South Korea heads into Gamescom 2026 with two award contenders and its biggest industry push in years, seeking to end a four-year trophy drought since Neowiz's "Lies of P" swept the show in 2022. Pearl Abyss's open-world action title "Crimson Desert" is nominated for Most Epic and Best PC Game, while "Age Twisters," a two-player adventure developed by Krafton subsidiary Piccolo Studio, is competing for Most Wholesome. The nominatio
  • Blizzard rules out Korea-only balance patches for Overwatch Blizzard rules out Korea-only balance patches for Overwatch BUSAN, August 23 (AJP) - Blizzard Entertainment will keep balancing Overwatch as a single global game rather than tailoring patches to Korea even under its new Nexon partnership, its game director said, even as Korean players keep pulling the shooter's meta in their own direction. "We typically don't try to balance the game differently per region," Aaron Keller said at a press conference at BEXCO, on the second and final day of Overwatch Day, the fan festival staged by Nexon.

AJP Focus

  • Gartner estimate $1 trillion memory sales, aiding Korean chip stocks Gartner estimate $1 trillion memory sales, aiding Korean chip stocks SEOUL, Aug. 25 (AJP) — South Korea's two chip bellwethers clawed back steep early losses Tuesday after Gartner forecast a memory boom lasting well into next year, giving investors a fresh reason to look past shareholder-return packages that have done little to restore their shares to June peaks. Samsung Electronics ended Tuesday flat at 257,000 won after losing more than 4 percent earlier in the session. The stock had plunged 8.7 percent Monday after its record shareholder-return pla
  • Sovereign AI race pulls world deeper into Nvidia's orbit Sovereign AI race pulls world deeper into Nvidias orbit SEOUL, August 24 (AJP) - When South Korea named the three teams last week that will carry its bid for a homegrown artificial intelligence model, the reward that mattered most was not cash or recognition. It was more Nvidia. The government said on Aug. 18 that SK Telecom, LG AI Research and startup Upstage had cleared the second round of its sovereign AI foundation model contest. For the next stage, each team will receive access to roughly 1,000 Nvidia B200 graphics processing units, up from ab

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