• Korea's leverage in humanoid as it becomes auto battle: CLSA SEOUL, June 23 (AJP) - The race to build humanoid robots is no longer a contest over engineering prowess but a battle over who can manufacture them at scale and deploy them reliably. That gives automotive powerhouses such as South Korea a strategic advantage, according to Hong Kong-based Citic CLSA.
• SpaceX slide painfully watched by Korean retailers holding nearly $2 billion SEOUL, June 23 (AJP) — SpaceX has become an instant favorite among South Korean retail investors, who have poured nearly $2 billion into the stock since its June 12 Nasdaq debut.
• Korea touts edge in Canada submarine bid despite NATO concerns SEOUL, June 23 (AJP) - South Korean Industry Minister Kim Jung-kwan said Tuesday that Seoul remained hopeful about its bid for Canada’s next-generation submarine program.
• Homeplus pays April, May wages as Express sale proceeds SEOUL, June 23 (AJP) - Homeplus, the South Korean hypermarket chain mired in court-led rehabilitation, paid its long-overdue April and May wages.
• LG Chem to invest $9.7 billion in R&D for AI-driven materials shift SEOUL, June 23 (AJP) - LG Chem will pour 15 trillion won ($9.75 billion) into research and development through 2035 as South Korea's largest chemical maker pivots toward high-value, AI-driven materials.
• Lee to meet Samsung chief later this week amid AI boon share debate SEOUL, June 23 (AJP) - President Lee Jae Myung is expected to meet Samsung Group Chairman Lee Jae-yong later this week, according to government sources.

AJP Briefing

• Korea launches specialized copyright police division SEOUL, June 23 (AJP) - South Korea will launch a permanent law enforcement division on June 30 specifically designed to investigate international copyright infringement and protect its rapidly growing digital export economy. The Ministry of Culture, Sports and Tourism said Tuesday that a cabinet-approved decree officially upgrades its existing anti-piracy task force into the permanent Copyright Special Judicial Police Division, reinforced by eight newly assigned investigators. The overhaul is
• Won weakens on Fed jitters, bond yields fall as safety bid offsets FX pressure SEOUL, June 23 (AJP) - The Korean won weakened against the dollar on Monday as the Federal Reserve’s hawkish stance kept pressure on Asian currencies, while government bond yields fell as a sharp stock selloff pushed investors toward safer assets. The won ended the daytime session in Seoul at 1,538.90 per dollar, weakening by 1.90 won from the previous session. The currency came under pressure as investors reassessed the Fed’s policy path after its June meeting delivered a more haw
• KOSPI crashes nearly 10 percent amid broad Asian retreat SEOUL, June 23 (AJP) - South Korea’s benchmark KOSPI crashed nearly 10 percent, far outpacing declines in Japan and China as investors rushed to unwind positions after record-setting streaks. The KOSPI fell 9.99 percent or record 910.71 points to 8,203.84, instantly wiping out gains of last seven trading sessions. The junior KOSDAQ plunged 7.94 percent to 891.52. Foreign and local institutions offloaded more than 4 trillion won worth on the KOSPI while retailers scooped them up with purc
• World Cup 26: Messi breaks record as Argentina, France, Norway advance SEOUL, June 23 (AJP) - Lionel Messi became the most prolific scorer in men's World Cup history, France overcame a long weather delay and Norway survived a late Senegal fightback as Argentina, France and Norway all advanced to the knockout stage on Monday local time. Jordan were eliminated after another comeback defeat in Group J, joining Turkiye and Haiti among the teams already out, while Senegal and Iraq were left with only a narrow third-place route in Group I. In Group J, Messi scored

ASIA Insight

• Korea's new obsession: borrowing to buy stocks, not homes SEOUL, June 23 (AJP) - South Korea's stock craze has reached a point where borrowing to buy shares is becoming more socially acceptable than borrowing to buy an apartment. The shift reflects a profound change in a country long defined by its obsession with real estate, as millions of Koreans pour into a handful of AI-related stocks in pursuit of rapid wealth creation. Tuesday's selloff offered a reminder of how fragile that enthusiasm can be. The benchmark KOSPI crashed nearly 10 perc by Ryu Yuna
• When elections falter, trust becomes real test of democracy SEOUL, June 23 (AJP) - Democracy rarely fails all at once. More often, it unravels gradually through procedural confusion, administrative breakdowns, allegations of irregularities, and a slow erosion of public trust in the systems meant to ensure fairness and transparency. South Korea's June 3 local elections, marked by irregularities and disruptions, is an uncomfortable reminder that even mature democracies can be fragile and that public trust, once strained, is difficult to rebuild. In S by Lee Hugh

AJP Watch

• Central banks recalibrate post-rate messaging SEOUL, June 23 (AJP) - The dot plot, long one of the U.S. Federal Reserve's most influential communication tools, is undergoing a rethink just as South Korea's central bank is embracing it, highlighting a broader dilemma confronting policymakers worldwide: how to guide markets without locking themselves into a path they may later regret. The divergence underscores a new reality for central banks. Inflation, exchange rates and interest-rate expectations have become harder to manage in an
• 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

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