• KOSPI's volatility deepens on fragile foundation SEOUL, June 29 (AJP) - South Korea's stock market still looks spectacular despite its recent correction. Underneath, however, the rally is becoming increasingly narrow, speculative and volatile—three characteristics that help explain why the Korean won remains stuck near crisis-era levels despite the soaring benchmark.
• Korea's World Cup failure may force football to confront itself SEOUL, June 29 (AJP) - The fury over South Korea's abrupt exit from the 2026 FIFA World Cup is unlikely to subside with the voluntary exit of the head coach.
• Wearing Korea: 372 stories stitched together by hanbok SEOUL, June 29 (AJP) - Russia-born Violetta, who moved to South Korea after marriage, was sweating under the weight of an elaborately adorned hanbok. But she did not mind. Somewhere beyond the stage, her husband and 7-year-old son were watching with pride.
• S. Korean military cites analysis for delayed disclosure of N. Korean launches SEOUL, June 29 (AJP) - South Korea’s military said Monday that it did not immediately disclose North Korea’s June 25 weapons launches because it was still analyzing the projectiles, responding to criticism over why the public was not informed on the day of the test.
• Young South Korean Ph.D.s face record employment crisis SEOUL, June 29 (AJP) - More than one-third of South Korea's newly minted Ph.D. graduates were without jobs last year, with the share of unemployed or economically inactive doctorate holders exceeding 30 percent for the first time since the government began compiling the data.
• Stay-at-home fathers in South Korea hit record high in first quarter SEOUL, June 29 (AJP) - The number of South Korean men staying out of the workforce to care for preschool children or manage household duties climbed to a record high in the first quarter.

AJP Briefing

• Battery frenzy lifts KOSDAQ while chip stocks drag KOSPI down SEOUL, June 29 (AJP) - A battery-led frenzy on South Korea's junior KOSDAQ masked a flat, chip-heavy KOSPI on the main bourse on Monday, splitting the country's stock market into two sessions running in opposite directions. The secondary-battery rally drove the KOSDAQ up 8.1 percent to 920.57, while the KOSPI slipped 0.2 percent to 8,394.65 as key chipmakers Samsung Electronics and SK hynix fell. Foreign investors turned net buyers on the main board, while institutional and retail buyi
• BOK hunts for successor to lead its research institute SEOUL, June 29 (AJP) - The Bank of Korea (BOK) is scouting for an economist who will head its affiliated research institute, the central bank said on Monday. According to its open recruitment notice, the successful candidate, who will replace incumbent Lee Jae-won, a former professor at Seoul National University who took the role in 2023, will head the Economic Research Institute and be responsible for shaping the BOK's medium- to long-term research agenda as chief economist, regardless of
• KOSDAQ nearly 7% higher ahead of major infrastructure spending SEOUL, June 29 (AJP) -South Korea's junior KOSDAQ index stole the limelight amid broad retreat in Asia, gaining more than 6 percent Monday morning on expectations of the government's unveiling of mega industrial projects led by Samsung Electronics and SK Group expected to announce private-sector investments that could exceed 1 quadrillion won over the next decade. President Lee Jae Myung is set to chair a national briefing later in the day outlining the projects, which center on semicon
• Seoul backs K-beauty inroads to Saudi Arabia SEOUL, June 29 (AJP) -South Korea is stepping up support for K-beauty companies seeking to enter Saudi Arabia, betting the kingdom's rapidly expanding consumer market will become the industry's next major growth engine as Korean cosmetics exports continue to break records. The Ministry of SMEs and Startups said Monday it will launch a new program to help small and medium-sized cosmetics companies expand into Saudi Arabia, one of the Middle East's fastest-growing beauty markets, as S

ASIA Insight

• Tungsten race puts Kazakhstan between US and China SEOUL, June 29 (AJP) - Last November, at a summit in Washington where President Donald Trump hosted the leaders of all five Central Asian nations, the United States signed a deal giving an American company development rights to what independent feasibility studies describe as the world's largest known undeveloped tungsten resource. The host country was Kazakhstan. The metal was tungsten. The company is Kaz Resources, a newly formed American firm backed by up to $1.6 billion in potential fed by Park Sae-jin
• Renewables ride the AI power boom, but the grid can't keep up SEOUL, June 24 (AJP) - Renewables are being fully employed to feed the world's hungry AI data centers as farming Mother Nature is cheap and quick to build. Yet a widening gap between green ambition and grid reality — from Beijing to Naju — is exposing the limits of an energy transition running at full tilt. Global electricity demand from data centers is set to roughly double to about 945 terawatt-hours by 2030 and reach around 1,200 TWh by 2035, the International Energy Agency s by Kim Dong-young

AJP Watch

• 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
• Hyperscalers run the infrastructure the AI world stands on a SEOUL, June 29 (AJP) - The history of civilization has always been, in part, a history of whoever controlled the core infrastructure. The 19th century was completed by the railway and the steam engine; the 20th was driven by oil and electricity. If the internet and the smartphone reshaped daily life in the early 21st century, then today — with generative AI in full swing — the world stands once again in the middle of a vast civilizational shift. At its center sits a new kind of

AJP Focus

• Another early exit leaves Korean football searching for answers again SEOUL, June 29 (AJP) - "Sorry cannot make amends for the sense of betrayal for those who held onto hope until the very last minute," said 25-year-old Seoul resident Kim Sung-min. Like millions of South Koreans, Kim spent the weekend after Thursday's devastating defeat to South Africa watching the remaining World Cup matches, clinging to the slim possibility that results elsewhere might yet rescue Korea's campaign. "Our only hope was to see Son Heung-min play in what coul
• Chipflation after Gulf-flation may keep prices sticky SEOUL, June 26 (AJP) -The KOSPI ended Friday at 8,411.21, nearly 8 percent below the 9,000 milestone it celebrated just a week earlier. Friday's rout — the second intraday plunge of more than 8 percent this week — cannot be dismissed simply as a long-overdue correction. The Gulf war inflation scare is fading. Oil has retreated toward pre-war levels and the immediate fear of an energy shock has eased. Yet investors are beginning to confront a second, potentially more persistent i