• SK hynix premium eclipses Samsung in AI stock hierarchy SEOUL, June 22 (AJP) - Investors are willing to pay more than twice as much for each won of SK hynix's assets than Samsung Electronics', a premium that briefly propelled the pure-play chipmaker past the country's corporate titan on Monday.
• Starbucks Korea closes early for a crash course in democracy history SEOUL, June 22 (AJP) -Contemporary South Korean history spanning the country's democracy movements from the 1960s to the 1980s has become mandatory study material across Starbucks Korea's more than 2,000 outlets.
• Military reform plans could weaken defense capabilities, critics warn SEOUL, June 22 (AJP) - Critics on Monday warned that plans to merge South Korea's military academies and dismantle the Defense Counterintelligence Command (DCC) could weaken the military readiness at a time of growing security challenges in the region.
• Seoul steps up monitoring of Strait of Hormuz as US deal SEOUL, June 22 (AJP) - The government is closely monitoring the safety of South Korean ships and crews stuck in the Strait of Hormuz, with 22 vessels still in the area, the Ministry of Foreign Affairs said.
• Two ships run by Korean carriers exit Hormuz under U.S.-Iran deal SEOUL, June 22 (AJP) - Two ships run by South Korean carriers have left the Strait of Hormuz under a U.S.-Iran agreement, marking the first such departures since the two countries reached a deal aimed at ending the war.
• Netflix classroom drama mirrors reality as 300 teens admit to online gambling SEOUL, June 22 (AJP) -In one episode of Netflix's "Teach You a Lesson," an ordinary high school student falls into a vicious cycle of online gambling and criminal networks as he struggles to pay off mounting debt.

AJP Briefing

• FIFA sends hidden message to South Korea before final group match SEOUL, June 22 (AJP) - FIFA has sent a playful message of support to South Korea ahead of their final group match at the 2026 FIFA World Cup. The world football governing body posted a series of photos of South Korean players on its official Instagram account Monday in Korea, along with the message, “Fighting for the final group match,” written in Korean. The post featured Cho Gue-sung, Eom Ji-sung, Lee Han-beom, Lee Kang-in, Hwang Hee-chan and Hwang In-beom. Each photo contained
• HD Hyundai Heavy challenges KDDX evaluation over security penalty SEOUL, June 22 (AJP) - HD Hyundai Heavy Industries has filed a formal objection to the evaluation results for South Korea’s next-generation destroyer program after losing to Hanwha Ocean by less than one point, industry sources said Monday. The company submitted the objection to the Defense Acquisition Program Administration over the bidding process for the detailed design and construction of the lead vessel under the Korean Destroyer Next Generation, or KDDX, program. HD Hyundai Heavy i
• SME loan delinquency rate at top five banks hits record high SEOUL, June 22 (AJP) - Loan delinquencies among small and medium-sized enterprises at South Korea’s five major banks rose to the highest level in data going back to January 2020, underscoring growing stress among smaller companies and self-employed borrowers. The average delinquency rate on won-denominated loans at KB Kookmin, Shinhan, Hana, Woori and NH NongHyup stood at 0.51 percent at the end of May, according to financial industry data released Monday. That was up 0.05 percentage poi
• SK hynix edges out Samsung Elec as No. 1 as KOSPI hits new high SEOUL, June 22 (AJP) - South Korea's Kospi closed at a fresh record on Monday, rising 62.1 points, or 0.7 percent, to 9,114.6, as SK hynix overtook Samsung Electronics in market capitalization on a common-share basis for the first time in 25 years and seven months. The index swung between an intraday low of 8,900.7 and a high of 9,253.0 before settling higher. Retail investors were net buyers of 2.12 trillion won, while institutions bought 330.6 billion won. Foreigners sold 2.54 trillion wo

ASIA Insight

• Asia's currencies wobble again, but this is not another IMF moment SEOUL, June 22 (AJP) - Asia's currencies are flashing warning signs again, stirring uncomfortable memories of the late 1990s, when one collapsing exchange rate after another triggered a regional financial meltdown. This time, however, the story is fundamentally different. From South Korea’s won and Indonesia’s rupiah to the Philippine peso, parts of Asia have come under renewed pressure as Gulf energy disruptions raise inflation risks, U.S. interest rates remain elevated and As by Kim Yeon-jae
• Many analysts see Iran, not Washington, as the strategic winner of the war SEOUL, June 18 (AJP) - President Donald Trump hailed the U.S.-Iran memorandum of understanding as a diplomatic victory that would prevent Tehran from obtaining nuclear weapons and restore stability to global energy markets. Many international relations scholars and security analysts see it differently. Several experts interviewed by AJP said the 109-day conflict ultimately strengthened Iran's strategic leverage, exposed limits to American military power and accelerated shifts already under by Lee Jung-woo

AJP Watch

• Sorry isn't enough: When corporate apologies fail to save a brand SEOUL, June 22 (AJP) - "It is a management error, but the entire staff has to pay the price. It's like the whole family being forced to attend an alcohol awareness class after the father gets caught drinking and driving," one Starbucks Korea employee grumbled. More than 2,000 Starbucks Korea stores closed early at 3 p.m. Monday for a crash course in democracy history to make amends for last month's "Tank Day" blunder. The self-imposed remedial measure suspended oper
• World Cup 26: Home magic as Mexico makes knockouts, Canada first win SEOUL, June 19 (AJP) - The second round of group matches at the 2026 FIFA World Cup began to sharpen the picture in Groups A and B on Thursday local time, or Friday in Korea. Mexico became the first of the tournament’s 48 teams to secure a place in the knockout stage, while Canada earned the first World Cup win in its history and Switzerland also surged in Group B. South Korea, meanwhile, lost 1-0 to Mexico and pushed their knockout-stage fate to the final group match against South Afric

AJP Focus

• Korea's baffling vitals: an economy puffing hot and cold SEOUL, June 22 (AJP) -The South Korean economy is running hot and cold — and the honest answer to whether the hot part is real isn't yes or no. It's that the boom is genuine and the headline numbers are still misleading you about what it means for the economy as a whole. By the headline numbers, Asia's fourth-largest economy is doing exceedingly well, seemingly unfazed by nearly four months of disruption to the Strait of Hormuz, the chokepoint for roughly a fifth of the world&
• When AI talks markets: Three chatbots, one Samsung question, and the $620 bet behind it SEOUL, June 21 (AJP) - The world has always found curious ways to talk about the future. Sometimes the storyteller is a philosopher, sometimes an economist. In 2026, a new narrator has joined them: artificial intelligence. Claude, Gemini and ChatGPT — three large models built by three rival labs — were each handed the same question. A Wall Street analyst has put an 850,000-won target on Samsung Electronics. What to make of it? What stands out is not that the three reached wildly