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  PHOTOS: Seoul's DDP prepares for high-octane New Year countdown with media art SEOUL, December 31 (AJP) - The Dongdaemun Design Plaza (DDP), Seoul’s landmark cultural hub, is currently serving as a massive digital canvas for the “Seoul Light: Winter” media art festival. The event, which illuminates the iconic silver curves of the Zaha Hadid-designed structure, is part of the city’s broader “Seoul Winter Festa” celebrations. Running for 14 days from Dec. 18 through Dec. 31, the exhibition uses the building’s 222-me December 31, 2025
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  South Korean crypto exchange Korbit fined over anti-money laundering breaches SEOUL, December 31 (AJP) - South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Korbit 2.73 billion won ($2 million) for violations of anti-money laundering (AML) obligations, issuing an institutional warning against the company. The Financial Services Commission (FSC) said on Wednesday a comprehensive FIU inspection found Korbit had breached legal requirements, including prohibitions on transactions with unreported virtual asset service provider December 31, 2025
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  Minor earthquake detected in Goheung SEOUL, December 31 (AJP) - A 2.0-maginitue earthquake struck Goheung in southwestern South Korea on Wednesday. According to the Korea Meteorological Administration, the quake occurred at around 3:30 p.m., about 14 kilometers northeast of Goheung, South Jeolla Province. The epicenter was located at 34.70 degrees north latitude and 127.37 degrees east longitude, at a depth of 14 kilometers. The KMA stated that some residents in the affected area felt weak tremors, but there have December 31, 2025
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  Look to license plates for clues to Pyongyang's shifting pecking order SEOUL, December 31 (AJP) - That North Korea’s supreme leader Kim Jong Un favors symbolism is hardly surprising. But his latest gesture suggests a particular flair for political semiotics. Kim has reportedly replaced the license plate on his state limousine — a Russian-made Aurus Senat gifted by President Vladimir Putin — with one bearing the number “7·27 0001.” The first three digits mark July 27, 1953, the date of the Korean War armistice. The r December 31, 2025
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  IU donates 200 million won to charities SEOUL, December 31 (AJP) - Singer and actress IU has donated 200 million won (about US$ $139,000) to charities, sharing holiday joy with the underprivileged. According to her management agency EDAM Entertainment, IU made the donation to several charities, which will be distributed to support single mothers facing economic hardship and social prejudice, children and youth in poverty, individuals with hearing disabilities, and the elderly at risk of going hungry during the cold winter December 31, 2025
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  Lee to lead large entourage for his trip to China SEOUL, December 31 (AJP) - President Lee Jae Myung will be accompanied by a group of financial leaders on his trip to China next week for a summit with President Xi Jinping. Among his entourage is Shinhan Financial Group Chairman Jin Ok-dong, who will join Lee during his state visit to China from Jan. 4 to 7, according to industry sources on Tuesday. With the Korea Chamber of Commerce and Industry (KCCI) organizing the entourage, Jin, who chairs the business lobby's financi December 31, 2025
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  K-haircare push expands in US as LG H&H's Dr. Groot draws crowds in New York SEOUL, December 31 (AJP) - South Korea’s K-beauty influence is extending into the hair-care sector as LG Household & Health Care’s derma scalp-care brand Dr. Groot drew nearly 1,700 visitors during a pop-up event in New York earlier this month, reflecting growing overseas interest in Korean premium hair-care products. Dr. Groot operated a two-day “pop-up truck” in Manhattan on Dec. 11–12, offering scalp-analysis services and product trials that th December 31, 2025
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  To shorten working hours, Korea wants employers to pay strictly by hours  SEOUL, December 31 (AJP) - South Korea is known for long working hours. The five-day workweek is only a generation old, and the 52-hour cap has been in place for less than eight years. Average working hours remain above the OECD average, and the government now wants to address this by overhauling the way wages are calculated. It plans to tackle the loosely defined "comprehensive wage" system, under which various allowances and overtime pay are bundled into an annual or mon December 31, 2025
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  Asian Culture Calendar SEOUL, December 31 (AJP) - South Korea Dec. 31 – Jan. 1 Yeosu Hyangiram Sunrise Festival Dec. 31 – Jan. 1 Homigot Sunrise Festival Dec. 31 – Jan. 1 Jeongdongjin Sunrise Festival Jan. 10 – Feb. 1 Hwacheon Sancheoneo Ice Festival Jan. 31 – Feb. 8 Taebaeksan Mountain Snow Festival Japan Dec. 31 – Jan. 1 NO LIMIT! COUNTDOWN 2026 Jan. 14 Shittenoji Doya Doya Festival Jan. 20 – Feb.8 Kobe Luminarie Thailand Jan. 10 – 1 December 31, 2025
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  Korean Economy/Business Calendar SEOUL, December 31 (AJP) - Jan 8 (Thu) 3rd–4th Quarter 2025 Flow of Funds (Preliminary) - Bank of Korea Jan 2nd week (estimate) Q4 Results (Preliminary) - Samsung Electronics Q4 Results (Preliminary) - LG Electronics Q4 Results (Preliminary) - LG Energy Solution Jan 14 (Wed) Dec. 2025 Export and Import Price Index & Terms of Trade Index (Preliminary) - Bank of Korea Dec. 2025 Annual Employment Trends - Ministry of Data and Statistics Nov. 2025 Househol December 31, 2025