AJP Asia Intelligence Agency

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Retinal Selected for Ministry of SMEs and Startups Global TIPS Program Retinal Selected for Ministry of SMEs and Startups' Global TIPS Program

Retinal announced it has been selected for the Global TIPS R&D program by the Ministry of SMEs and Startups on August 14.This program aims to assist promising technology companies in enhancing their technologies and expanding into international markets by linking private investment with government R&D.Founded in 2016, Retinal specializes in display-based artificial intelligence (AI) glass optical modules, designing, developing, and manufacturing the core components of AI glasses.According to the

Actor Jung Eun-pyo Upset Over Unauthorized Use of Sons Image in Ad Actor Jung Eun-pyo Upset Over Unauthorized Use of Son's Image in Ad

Actor Jung Eun-pyo expressed his displeasure over an advertisement that used unauthorized photos and videos of his son, Jung Ji-woong, who is currently attending Seoul National University.On August 12, Jung Eun-pyo shared on his Instagram, "A few days ago, I received a tip from a subscriber that an influencer was using photos and videos of Ji-woong and me to promote a book."The post included the phrase, 'Jung Eun-pyo's son, who only read books since childhood, ended up at Seoul National Universi

Kakao Bank Executives Purchase 21,100 Shares, Signaling Commitment to Responsible Management Kakao Bank Executives Purchase 21,100 Shares, Signaling Commitment to Responsible Management

Kakao Bank executives have taken steps toward responsible management by purchasing company shares.According to the Financial Supervisory Service's electronic disclosure system, 12 executives of Kakao Bank bought a total of 21,100 shares between June and August 12. The total purchase amount was 464.83 million won.This stock buyback is interpreted as a demonstration of the executives' confidence in Kakao Bank's long-term growth potential and their commitment to responsible management.Kakao Bank is

Government and Telecom Companies Strengthen Measures Against Illegal Spam Ahead of Chuseok Government and Telecom Companies Strengthen Measures Against Illegal Spam Ahead of Chuseok

The government has reviewed the implementation of measures to prevent illegal spam in collaboration with the three major telecom companies and bulk messaging service providers, discussing enhanced spam blocking strategies in preparation for the Chuseok holiday.On August 14, the Ministry of Science and ICT and the Korea Communications Commission held the sixth plenary meeting of the Public-Private Council on Illegal Spam in Seoul, where they assessed the progress of specific tasks and gathered fe

National Pension Service Seeks 30 Asset Management Experts for Fund Operations National Pension Service Seeks 30 Asset Management Experts for Fund Operations

The National Pension Service (NPS) is publicly recruiting 30 asset management experts to oversee the National Pension Fund.On August 14, the NPS announced that it will conduct the '2026 Second Recruitment of Asset Management Experts' from today until 6 p.m. on August 28, a period of 15 days.The recruitment areas include management strategy, equities, bonds, alternative investments, risk management, fund management, and fund information. A total of 30 positions will be filled, including three sen

Trump Signs Memo Allowing Overseas Construction of U.S. Navy Ships, Boosting Hanwha Ocean Shares Trump Signs Memo Allowing Overseas Construction of U.S. Navy Ships, Boosting Hanwha Ocean Shares

Hanwha Ocean shares rose over 5% during trading on news that President Donald Trump signed a memorandum allowing the overseas construction of U.S. Navy vessels. This development has heightened expectations for Hanwha Ocean, which owns shipyards in the United States.As of 1:52 PM on August 14, Hanwha Ocean's stock was trading at 95,300 won, up 4,600 won (5.07%) from the previous trading day, according to the Korea Exchange.On August 13, Trump signed a memorandum permitting foreign shipbuilders to

U.S. Warns of Indefinite Naval Blockade Against Iran Amid Rising Tensions U.S. Warns of Indefinite Naval Blockade Against Iran Amid Rising Tensions

The standoff between the United States and Iran over the Strait of Hormuz shows signs of becoming protracted. The U.S. has warned that it could maintain its naval blockade against Iran indefinitely and has hinted at further economic sanctions. Iran, in turn, is asserting its control over the Strait.On August 13, during a visit to Panama, U.S. Defense Secretary Pete Hegseth told reporters, "The U.S. Navy can maintain this blockade indefinitely because we can continue to rotate our ships." The U.S

U.S. 30-Year Treasury Yield Hits 5.22%, Highest in 25 Years U.S. 30-Year Treasury Yield Hits 5.22%, Highest in 25 Years

The yield on U.S. 30-year Treasury bonds has surged to its highest level since 2001. Concerns over rapidly increasing government debt and persistent inflation are driving long-term rates higher.On August 13, the yield for a $25 billion auction of 30-year bonds was set at 5.22%, the highest since 2001. This marks an increase of 0.16 percentage points from last month’s 5.06% and a rise of 0.31 percentage points compared to the 4.91% yield just before Donald Trump took office in January of last yea

Prosecutors Charge Lawmakers for Obstructing Arrest of Yoon Suk Yeol Prosecutors Charge Lawmakers for Obstructing Arrest of Yoon Suk Yeol

Lawmakers from the People Power Party have been indicted for allegedly obstructing the execution of an arrest warrant against Yoon Suk Yeol, the former president of South Korea.The Special Prosecutor's Office announced on the afternoon of August 14 that Na Kyung-won, Kim Ki-hyun, Yoon Sang-hyun, and Kwon Young-jin have been charged with obstructing official duties without detention.The lawmakers are accused of forming a human wall with supporters of former President Yoon in front of the presiden

Putin Visits Kuril Islands for First Time in 26 Years Amid Japan Tensions Putin Visits Kuril Islands for First Time in 26 Years Amid Japan Tensions

Russian President Vladimir Putin visited Iturup Island in the southern Kuril Islands, known as the Northern Territories in Japan, on August 13. This marks his first visit since taking office in 2000. It is only the second time a Russian head of state has visited the Kuril Islands, the last being Dmitry Medvedev's visit to Kunashir Island in 2010.Japanese media analyzed on August 14 why President Putin chose to visit the Kuril Islands now, reflecting on why he had not done so in the past 26 years