• Seoul property tax to spread to nearly all districts by 2030 if home prices keep rising SEOUL, September 06 (AJP) - South Korea's comprehensive real estate holding tax could apply to high-priced apartments in nearly every Seoul district by 2030 if the recent pace of home price increases continues, according to a new simulation. The analysis, based on data from KB Kookmin Bank, examined 125 apartment complexes, selecting the five highest-priced complexes in each of Seoul's 25 districts. It was
• 'Busan sickness' fuels Taiwan travel boom to Busan SEOUL, September 06 (AJP) - Flights between Busan and Taiwan have surged this year as a growing number of Taiwanese travelers visit South Korea’s southern port city, fueled by expanding direct routes and strong demand. A total of 6,609 flights operated between Busan and Taiwan through July, already matching the full-year total for 2024 and reaching 82.9 percent of the 7,976 flights recorded in all of 2025, a
• Dementia to affect more than 1 in 10 elderly South Koreans by 2040 SEOUL, September 06 (AJP) - More than one in 10 South Koreans aged 65 or older are projected to have dementia by 2040 as the country’s population ages rapidly, government estimates showed Sunday. The dementia prevalence rate among people aged 65 and older is expected to reach 10.34 percent in 2040, according to projections by the Ministry of Health and Welfare based on national population forecasts and a nat
• Korean rescuers pull Chinese worker alive from Nepal tunnel SEOUL, September 05 (AJP) -A Chinese worker was pulled alive from a hydropower tunnel in Nepal on Saturday, 10 days after catastrophic floods swept through the Himalayas, in the first successful live rescue involving South Korea's 44-member disaster relief team.
• Korea on track to achieve $1 trillion export milestone: customs chief SEOUL, September 05 (AJP) -South Korea is on track to achieve a $1 trillion annual export milestone, with the customs chief flagging that the country has already topped last year's full-year record with 117 days to spare.
• Seoul fireworks festival gets bigger, global as millions crowd Han River SEOUL, September 05 (AJP) - Seoul's biggest annual fireworks festival is getting bigger and more international this year, expanding to two days for the first time and bringing U.S. and British teams alongside host Hanwha.

AJP Briefing

• Won closes at 14-month high, bond yields little changed SEOUL, September 04 (AJP) - The South Korean won extended its rally to a 14-month high Friday, while government bonds ended little changed as investors stayed cautious ahead of U.S. employment data. The won strengthened 8.9 won from the previous session to close daytime trading at 1,350.4 per dollar, compared with Thursday's 1,359.3. The currency briefly entered the 1,340 range during the session, its strongest intraday level since early July 2025. Exporter dollar selling continued to sup
• Chip stocks lead KOSPI rebound as bank trade unwinds SEOUL, September 04 (AJP) - A signal from the U.S. Federal Reserve unwound a week of rate-driven positioning in Seoul on Friday, pulling money out of the bank stocks that had thrived on surging yields and back into memory chips. The KOSPI closed 1.6 percent higher, adding 107.73 points to 6,687.21 for a second straight gain after Wednesday's near 4 percent collapse. Samsung Electronics rose 2.2 percent to 255,500 won ($189) and SK hynix gained 3.2 percent to 1,647,000 won ($1,219). SK squa

AJP ScaleUP

• ROBOTIS surges 22% on Goldman Sachs' 630,000-won target SEOUL, September 4 (AJP) — Shares of South Korean robotics company ROBOTIS jumped more than 22 percent Friday after Goldman Sachs rated the stock a buy and set a 630,000-won target price, citing strong demand for its robot actuators. Its shares closed at 304,500 won ($225), up 22.54 percent from the previous session's close of 248,500 won, according to Korea Exchange data. The stock opened at 267,000 won and fell as low as 265,000 won and climbed as high as 315,000 won during the sess
• Sky Labs doubles on KOSDAQ debut SEOUL, September 04 (AJP) - South Korean digital healthcare company Sky Labs doubled from its initial public offering (IPO) price on its KOSDAQ debut Friday after briefly surging to nearly three times the offering price. As of 2:20 p.m., shares traded at 20,000 won ($14.40), double its 10,000 won offering price. The stock opened at 8,500 won and fell as low as 8,200 won. It later climbed to an intraday high of 28,750 won, 187.5 percent above the IPO price. The sharp reversal made the company o

ASIA Insight

• Will America risk New York for Seoul? SEOUL, September 03 (AJP) - U.S. President Donald Trump wants to meet North Korean leader Kim Jong-un and ordered scale-back in U.S.-South Korea military drills that anger Pyongyang and cost Washington heavily, reigniting a long-running question in Seoul: Should South Korea arm itself with nuclear weapons? Once taboo, the idea is gaining broader public acceptance. Sixty-five percent of South Koreans support the country possessing nuclear weapons, while 30 percent oppose it, according to the la by Lee Jung-woo
• Uzbekistan looks to its Islamic golden age to build a new future SEOUL, September 02 (AJP) - The Center for Islamic Civilization, sprawling across a site roughly the size of 14 soccer fields, embodies in its glittering magnificence and grandeur what “New Uzbekistan” envisions: ushering a young, increasingly digital population into the AI age while keeping it firmly anchored in Islamic heritage and spirituality. The sprawling cultural and research complex cost about $161.8 million to build, according to a government construction directorate. Its t by Lee Jung-woo

AJP Watch

• Cabinet reshuffle turns into political headache for South Korea's Lee SEOUL, September 04 (AJP) - The roster for President Lee Jae Myung’s 2.0 reshuffle has generated a rumpus before the nominees even arrive at South Korea’s legislative confirmation hearings, denting the already fragile popularity of the presidency. According to the latest Gallup Korea poll, 40 percent of respondents positively assessed Lee’s job performance, while 51 percent gave a negative assessment. The positive rating was the lowest since he took office, while the negative
• At Kiaf and Frieze, Seoul's art crowds come before the buyers SEOUL, September 03 (AJP) - Kiaf Seoul, Korea's flagship art fair, has plenty to celebrate in its 25th edition. On Thursday morning, its audience looked ready for the occasion. Minutes before the 11 a.m. opening, VIP guests were already gathered inside COEX. The dress was polished rather than extravagant: neat jackets, muted colors, the practiced restraint of an art-fair crowd. Then the doors opened and the phones came out. Visitors paused before paintings, stepped back for photographs a

AJP Focus

• Chip windfall finally arrives on the FX front SEOUL, September 04 (AJP) - The South Korean won is looking entirely different from the first half, closing at its strongest level in 14 months Friday as a swelling current-account surplus increasingly offsets heavy overseas equity investment and other capital outflows, giving authorities room to absorb a reported $20 billion in dollars from SK hynix's landmark U.S. share sale without reversing the currency's rally. The dollar fell 8.9 won to close Friday's daytime trading at 1,350.
• AI spending binge steepens Korea's bond curve SEOUL, September 03 (AJP) - As the race for AI supremacy sends government and corporate spending into the stratosphere, investors are demanding more to lend for decades — a shift showing up starkly in South Korea, where yields have risen progressively faster toward the long end of the government bond curve. The yield chart over the past year shows an increasingly steep repricing toward longer maturities. The 30-year yield has climbed the most, touching a record 4.751 percent in August, wh