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  Lee to hold New Year's press conference next week SEOUL, January 16 (AJP) - President Lee Jae Myung will hold his first press conference of the new year next week, presidential secretary for public relations Lee Kyu-yeon said on Friday. According to the secretary, the president will outline his plans for what he has called a "great transformation," aimed at achieving a major leap forward for the country. The conference, scheduled for 10 a.m. at Cheong Wa Dae next Wednesday is expected to last about 90 minutes, with January 16, 2026
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  East Asian rate decoupling: A tale of four economies SEOUL, January 16 (AJP) - East Asia is no longer a monolith but a disparate economic powerhouse that accounts for roughly a quarter of global GDP and a third of world trade. For years, the combined output of its leading quartet—China, Japan, South Korea and Taiwan—has surpassed that of the euro zone, underpinned by an export engine that remains the envy of the West. Beneath this shared headline strength, however, a deep monetary divergence is taking hold. Nowhere is th January 16, 2026
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  Kazakhstan pushes Alatau Smart City and logistics in Seoul talks SEOUL, January 16 (AJP) - The Kazakh ambassador to South Korea has met with a leading lawmaker to discuss cooperation on logistics and the Alatau Smart City project. The Embassy of Kazakhstan said Thursday that Ambassador Nurgali Arystanov met with Maeng Sung-Kyu, the chair of the National Assembly's Land, Infrastructure and Transport Committee, in Seoul on January 14. The talks focused on transport and logistics, which Kazakh President Kassym-Jomart Tokayev has identified January 16, 2026
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  Korean memory makers share boom year with employees in cash and stock rewards SEOUL, January 16 (AJP) -South Korea’s two largest memory chipmakers, Samsung Electronics and SK hynix are rolling out handsome cash and stock rewards for their employees amid red-hot earnings and extended stock rally. Samsung Electronics said its Device Solutions (DS) division, which oversees the company’s semiconductor operations, has set its excess profit incentive (OPI) at 47 percent of annual salary, according to an internal notice circulated this week. The rat January 16, 2026
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  Ex-president gets 5 years in prison in first verdict on martial law-related charges SEOUL, January 16 (AJP) - Former President Yoon Suk Yeol was sentenced to five years in prison on Friday over one of several charges related to his botched martial law debacle. The Seoul Central District Court in southern Seoul handed down the sentence over charges that Yoon obstructed law enforcement by blocking investigators and other officials who attempted to detain him following his abrupt late-night declaration of martial law on Dec. 3, 2024. It was Yoon's first sentenc January 16, 2026
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  Daewoo E&C to build AI data centers in southwestern counties SEOUL, January 16 (AJP) - Daewoo Engineering & Construction announced a plan Friday to build artificial intelligence data centers with a combined power capacity of 500 megawatts in South Jeolla Province. The company said it signed a memorandum of understanding with the municipal governments of South Jeolla Province, Jangseong County, Gangjin County and a consortium of public and private partners, to develop AI data centers in the region. Under the agreement, the partners January 16, 2026
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  About a dozen injured as bus crashes onto sidewalk in Seoul SEOUL, January 16 (AJP) - A bus crashed onto a sidewalk in Seoul on Friday, leaving two people seriously hurt and about a dozen others injured. According to rescue workers who arrived shortly after the accident, the bus ran onto the sidewalk near Seodaemun subway station at around 1:15 p.m. About 11 people including the bus driver were believed to be passengers on board and suffered minor injuries, while the two people seriously injured were pedestrians. Police said there January 16, 2026
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  Actress Nana cleared of assault charges in home break-in case SEOUL, January 16 (AJP) - Actress Nana has been cleared of assault charges filed by a man who allegedly broke into her home late last year, police said Friday. Police in Guri, Gyeonggi Province said they would not pursue charges of attempted murder and assault against Nana in a countersuit filed by the intruder, determining that her actions were in self-defense. After questioning Nana last week, police concluded that her actions were lawful self-defense, in line with prosecutors January 16, 2026
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  KT taps Taiwan's cable leader to expand AI media footprint SEOUL, January 16 (AJP) - South Korea’s KT said Friday it has partnered with Taiwan’s largest cable television operator, KBRO, to enter the Taiwanese market with artificial intelligence–based digital media and smart home services. Under a strategic memorandum of understanding with KBRO, signed on Jan. 15 in Taipei, KT will supply AI-driven media and device technologies, including smart home services, interactive voice recognition, AI-optimized user interfaces a January 16, 2026
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  Former Air Force chief named ambassador to Israel SEOUL, January 16 (AJP) - Park In-ho, a former Air Force chief, has been named South Korea's new ambassador to Israel, the Ministry of Foreign Affairs said on Friday. The graduate of the Korea Air Force Academy, long regarded as a bastion for elite cadets, served as Air Force chief from July 2021 to May 2022 under the former Moon Jae-in administration, after holding various posts including a policy planning role at the Ministry of National Defense. Since retiring, Park has January 16, 2026