• Seoul halts new single-stock leveraged products amid volatility SEOUL, July 16 (AJP) - South Korea will temporarily halt new listings of single-stock leveraged products and ban advertising for existing ones, tightening regulations after their rapid growth raised concerns that they could amplify market swings in the country's semiconductor-heavy stock market.
• Trump again signals role for Korean shipbuilders in US naval buildup SEOUL, July 16 (AJP) - U.S. President Donald Trump has again raised the prospect of working with South Korean shipbuilders as Washington seeks to rapidly expand and modernize its aging naval fleet.
• South Korea to establish unified military academy in Daejeon SEOUL, July 16 (AJP) - South Korea decided Thursday to establish a four-year Korea Armed Forces Academy at the Jaundae military complex in Daejeon by merging the Army, Navy and Air Force academies.
• Eased fuel surcharges boost overseas bookings, but keep travelers on short-haul trips SEOUL, July 16 (AJP) - South Koreans are booking more overseas trips as falling jet fuel prices ease airline surcharges, but demand remains concentrated on nearby destinations as the weak won and high travel costs keep them tightening their purse strings.
• Foreign tourists boost visits to Seoul's historic royal palaces SEOUL, July 16 (AJP) - A surge in foreign visitors helped offset a slight decline in domestic visitors to South Korea's royal heritage sites in the first half of the year, pushing overall admissions up 6.6 percent from a year earlier.
• FSS chief warns of greater market volatility after BOK's rate hike SEOUL, July 16 (AJP) - Financial Supervisory Service (FSS) chief Lee Chan-jin on Thursday warned that market volatility could intensify after the Bank of Korea (BOK) raised its benchmark interest rate.

AJP Briefing

• BOK's rate hike sends KOSPI down 6% SEOUL, July 16 (AJP) - South Korean stocks led declines across Asia on Thursday after the Bank of Korea (BOK) raised its benchmark interest rate, while renewed selling in semiconductor shares deepened losses across the region. The benchmark KOSPI fell 6.37 percent or 463.81 points to close at 6,820.60, giving up the previous day's gains and slipping back below the 7,000 mark. The BOK raised its benchmark interest rate by 25 basis points to 2.75 percent, its first rate increase in three and
• KOSPI slips below 7,000 again as Morgan Stanley sparks chip sell-off SEOUL, July 16 (AJP) - South Korean stocks swung sharply lower shortly after the market opened on Thursday, giving up much of the previous session's explosive gains as investors cashed in on the rally following another overnight sell-off in U.S. semiconductor shares. Fresh concerns over artificial intelligence (AI)-related infrastructure spending, sparked by a cautious report from U.S. investment bank Morgan Stanley, added to the pressure on technology stocks. Investor sentiment weakened fu
• BOK delivers its first hike since January 2023 SEOUL, July 16 (AJP) - As widely expected, the Bank of Korea (BOK) on Thursday bumped up its benchmark interest rate by 25 basis points to 2.75 percent for the first time in three and a half years to contain imported price pressure and feverish leveraged investment. A combination of factors shifted the central bank toward a tightening bias after it had kept the policy rate unchanged since cutting it to 2.50 percent in May last year. Consumer prices rose 3.2 percent from a year earlier in June,
• MBK, Meritz to inject 200 bln won lifeline into Homeplus SEOUL, July 16 (AJP) - Homeplus, the ailing South Korean supermarket chain teetering on the edge of liquidation, is poised to secure a last-minute rescue after its major shareholder and largest creditor tentatively agreed to provide 200 billion won ($134.5 million) in emergency operating funds. MBK Partners, the private equity firm that controls Homeplus, and Meritz Financial Group reached the provisional agreement on Wednesday, according to financial industry sources. The injection, if approve

ASIA Insight

• Seoul, one of Asia's richest cities, leaves one village behind SEOUL, July 15 (AJP) - The journey takes barely two minutes. Yangjae-daero, a six-lane boulevard cutting through southern Seoul, is little more than another busy artery carrying commuters toward Gangnam's gleaming office towers and luxury apartment complexes. Thousands cross it every day without giving the road a second thought. Yet few roads in South Korea separate two different economic realities more starkly. On one side stand apartment towers where homes now sell for more than by Han Jun-gu and Joonha Yoo
• A very Korean dream hatched in the country's most unlikely place SEOUL, July 15 (AJP) - Before Cheon Young-hwan tells visitors about Guryong Village, he tells them about his sons. Forty years ago, he walked down the hill from the cluster of shacks where his family had settled after being displaced by Seoul's redevelopment drive and knocked on the door of a stranger living across Yangjae-daero. He was not asking for money. Nor was he asking for food. He was asking to borrow an address. Without one, his two boys could not enroll in school. "I beg by Han Jun-gu and Joonha Yoo

AJP Watch

• Korean sovereign bonds emerges as Asia's standout bond trade: MarketAxess SEOUL, July 15 (AJP) — While foreign investors have grown increasingly selective across Asia's bond markets, South Korea has emerged as the region's lone standout, attracting uninterrupted monthly inflows into government debt as global funds bet on the country's semiconductor-driven economy and forthcoming inclusion in one of the world's most influential sovereign bond indexes. "Korea has certainly been an interesting market when we look at Korean Treasury Bonds,"
• Home ownership becoming a pipe dream for young Korean SEOUL, July 14 (AJP) - Home ownership among young South Koreans has fallen at one of the fastest rates in recent years, underscoring how soaring housing costs are pushing ownership further out of reach even as the government expands housing support that remains largely centered on public rentals rather than ownership. An analysis of anonymized household microdata from the Survey of Household Finances and Living Conditions, reported by Munhwa Ilbo on July 13, showed that the owner-occupancy rate

AJP Focus

• Former K-pop idols face tough job market once spotlight fades SEOUL, July 16 (AJP) - K-pop's global rise has drawn a steady stream of young people hoping to become idols. But rising to stardom is only part of the story. When groups disband or contracts expire, many former performers must enter a job market where years of training and stage experience do not fit neatly into a conventional resume. They also face a difficult employment climate. As of February 2026, South Korea's employment rate for people aged 15 to 29 stood at 43.3 percent, down for
• Seoul aims for AI's top two, plans nationwide model this year SEOUL, July 16 (AJP) - South Korea's technology chief announced the country would push to break into the world's top two artificial-intelligence powers, buoyed by an international assessment ranking it third, and vowed to build a frontier model rivalling those Washington now guards as strategic weapons. Bae Kyung-hoon, Deputy Prime Minister and Minister of Science and ICT, told a presidential briefing on Thursday at the Cheong Wa Dae that a second round of model evaluations due in Augus