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  Red flags rise as leveraged stock investment hits record highs in Korea SEOUL, January 12 (AJP) - As an AI-driven frenzy continues to power record rallies in Seoul and on Wall Street, leveraged stock investment in South Korea has surged to historic highs, amplifying financial vulnerabilities in an economy where household debt already exceeds gross domestic product. The benchmark KOSPI continued to rewrite records this week, climbing 0.84% to 4,624.79 - less than a week after breaking through 4,500. The index has rallied almost uninterrupted since mid- January 12, 2026
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  From the 2025 lull to the 2026 pipeline: can Korean cinema bounce back? SEOUL, January 12 (AJP) - After a year that many in the industry would rather forget, Korean cinema is lining up a high-stakes reset for 2026. The drought of 2025 was historic for all the wrong reasons. For the first time since 2012—excluding the pandemic years—not a single film crossed the 10-million-admissions mark. Even the symbolic 5 million barrier proved elusive. Big names stumbled, audience momentum stalled, and production volumes fell to nearly half their pre- January 12, 2026
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  Ex-DP lawmaker slapped with travel ban over alleged bribery SEOUL, January 12 (AJP) - Former Democratic Party (DP) lawmaker Kang Sun-woo has been banned from traveling, along with two others, over alleged bribery, police said on Monday. Kang, who recently left the party amid allegations, is accused of accepting 100 million Korean won (US$68,500) from Seoul city official Kim Kyung in return for the DP's candidate nominations for the 2022 local elections. The money was reportedly delivered to Kang's ex-aide, identified only by his surn January 12, 2026
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  Korean Air–Asiana union nears; what does it mean for Asiana passengers? SEOUL, January 12 (AJP) - The long-awaited merger between Korean Air and Asiana Airlines is finally approaching completion. But for millions of Asiana passengers, one question matters more than regulatory approvals or aircraft numbers: What happens to my miles, status and benefits? As Asiana is absorbed into Korea's larger flag carrier, its brand, loyalty program and global alliance will all disappear. While the combined airline promises greater scale and efficiency, many freq January 12, 2026
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  Snowy Seoul SEOUL, January 12 (AJP) -Snow fell quietly across Seoul on Monday afternoon, drawing tourists and residents alike to pause and capture the softened cityscape. Light snowfall blanketed streets, rooftops and palace grounds, muting the usual rush of the capital and turning familiar landmarks into scenes of winter stillness. Visitors lingered with cameras and phones as flakes drifted down, framing Seoul in a rare moment of calm. The snowfall came amid sharp temperature swings, with mo January 12, 2026
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  The seasonal magic of birch forest in Inje SEOUL, January 12 (AJP) - The celebrated birch forest of Inje, nestled in the mountains of Gangwon Province, has been transformed into a pristine white landscape following a recent heavy snowfall. The Wondae-ri Birch Forest is a testament to decades of careful reforestation. Between 1974 and 1995, approximately 690,000 birch trees were planted across 138 hectares, evolving from a dedicated man-made plantation into one of the region's most iconic natural retreats. Today, the January 12, 2026
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  Hyundai-backed company to launch driverless robotaxi service in Las Vegas SEOUL, January 12 (AJP) - Motional, the autonomous-driving joint venture backed by Hyundai Motor Group, plans to commercialize a fully driverless robotaxi service in Las Vegas later this year. Hyundai Motor said Monday Motional outlined the plan during a media event held Jan. 8 at its Las Vegas Technical Center, where it aims to launch an unmanned autonomous-driving service operating at Society of Automotive Engineers, or SAE, Level 4 by the end of the year. Under the SAE&rsquo January 12, 2026
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  Lee meets religious leaders to seek advice SEOUL, January 12 (AJP) - President Lee Jae Myung on Monday asked major religious leaders to help unite South Koreans as social conflict and divisions deepen. At a luncheon meeting at Cheong Wa Dae in central Seoul with leaders of South Korea's seven key religious orders including Buddhist monks, Catholic priests, Christian pastors, and others, Lee said, "As many people feel, conflict, hatred, and hostility in our society seem to have increased." He added that the January 12, 2026
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  US Navy ship arrives in Busan for repair work by HJ Shipbuilding SEOUL, January 12 (AJP) - HJ Shipbuilding & Construction said Monday that the 40,000-ton U.S. Navy logistics support ship USNS Amelia Earhart arrived at its Yeongdo shipyard in Busan, marking the start of the company’s first maintenance, repair and overhaul, or MRO, project for the U.S. Navy. The South Korean shipbuilder secured the MRO contract in December from the U.S. Navy Supply Systems Command, or NAVSUP. The vessel is assigned to the Military Sealift Command. January 12, 2026
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  Commuters advised to brace for disruptions as unionized bus workers' strike looms SEOUL, January 12 (AJP) - Unionized bus workers in Seoul are holding last-minute talks on Monday, just a day before their planned strike. The eleventh-hour talks come after the workers issued an ultimatum for a strike slated for Tuesday, following a series of previous discussions that failed to narrow differences. The main point of dispute is whether bonuses should be included in their wages. Rejecting an offer of a 10-percent increase in wages, the workers have been demanding th January 12, 2026