Latest
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President returns to Blue House
SEOUL, December 23 (AJP) - The era of the Yongsan presidential office has come to an end after just 3 years and 7 months, with the president returning to the Blue House. President Lee Jae Myung is expected to begin official work at the presidential office around December 28. However, the presidential residence will not be ready until early next year due to ongoing construction work.
December 23, 2025
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Romanian envoy named chief negotiator for nuclear talks with Washington
SEOUL, December 23 (AJP) - South Korea's ambassador to Romania Rim Kap-soo has been named as the country's chief negotiator for nuclear energy-related talks with the U.S. The Ministry of Foreign Affairs said on Tuesday that Rim, appointed the previous day, will lead a task force to revise a decades-old agreement with Washington that bans South Korea from reprocessing spent nuclear fuel and enriching uranium. Rim, who worked at the International Atomic Energy Agency in 2
December 23, 2025
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Infielder Song Sung-mun signs deal with San Diego Padres
SEOUL, December 23 (AJP) - Infielder Song Sung-mun will play in Major League Baseball after signing a deal with the San Diego Padres. In a post on X, formerly Twitter on Monday, the Padres said Monday they signed the 29-year-old to a "four-year contract through the 2029 season." Details of the deal have not been disclosed, but it is reportedly worth $15 million, including a $1 million signing bonus in two installments along with a gradual increase in salaries. Raisin
December 23, 2025
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Hyundai Motor Group extends European recovery on hybrid demand
SEOUL, December 23 (AJP) - Hyundai Motor Group continued its recovery in Europe in November, supported by solid demand for electrified vehicles, particularly hybrids. Hyundai Motor and Kia sold a combined 79,901 vehicles in Europe during the month, up 0.2 percent from a year earlier, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday. Hyundai’s sales rose 3.7 percent to 41,026 units, while Kia’s deliveries fell 3.2 percent
December 23, 2025
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Korea tightens treasury stock disclosures, lowering threshold to 1%
SEOUL, December 23 (AJP) -South Korean listed companies will be required to disclose their treasury stock holdings once they exceed 1 percent of shares outstanding — down from the current 5 percent — under sweeping revisions to capital markets rules, as regulators move to strengthen shareholder protection and curb opaque share buybacks. The amendments to the enforcement decree of the Capital Markets Act were approved at a Cabinet meeting, the Financial Services Commiss
December 23, 2025
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Former Samsung researchers indicted over chip technology leak to China
SEOUL, December 23 (AJP) - South Korean prosecutors said on Tuesday they have indicted five former employees of Samsung Electronics for leaking core semiconductor technology to a Chinese memory chipmaker. The Seoul Central District Prosecutors Office said five people were detained and charged with violating South Korea’s Unfair Competition Prevention and Trade Secret Protection Act and Industrial Technology Protection Act. Five others, including engineers at China's Ch
December 23, 2025
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Retrial of SK chief's divorce case set for early next month
SEOUL, December 23 (AJP) - The first hearing for a retrial of SK Group Chairman Chey Tae-won's divorce lawsuit will be held next month, after the Supreme Court of Korea sent back the high-profile case to a lower court in October. The hearing is scheduled for Jan. 9 at the Seoul High Court, where it will recalculate the marital assets of Chey and his estranged wife Roh Soh-yeong, to assess the amount of property to be divided. The top court earlier found flaws in the lower cou
December 23, 2025
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Korea's first private rocket crashes after liftoff, Innospace shares nosedive
SEOUL, December 23 (AJP) -South Korean space startup Innospace said Tuesday that its Hanbit-Nano rocket lifted off normally from Brazil but crashed about 30 seconds later after an in-flight anomaly, ending the country’s first attempt by a private firm to place customer satellites into orbit. The two-stage Hanbit-Nano vehicle launched at 10:13 p.m. Monday local time (10:13 a.m. Tuesday in Korea) from Alcantara Space Center, the company said. The first-stage engine ignited a
December 23, 2025
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TRAVEL: Mt. Maisan's twin horse-ear peaks offer geological wonders
JINAN, December 23 (AJP) - Famous for its unique geological and rocky formations, Mt. Maisan in southwestern South Korea has two distinctive twin peaks that resemble a horse's ears, from which the mountain got its name. The higher peak, called Ammaibong, reaches 687 meters, while the slightly lower Sutmaibong stands at 679.9 meters. Located in Jinan, North Jeolla Province, only Ammaibong is open to hikers. What makes the mountain especially striking is its cluster of stone f
December 23, 2025
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South Korea's Shinhan Card reports leak of data on 190,000 merchants
Shinhan Card headquarters in Seoul/ Courtesy of Shinhan Card SEOUL, December 23 (AJP) - Shinhan Card said on Tuesday information on about 190,000 merchants, including store owners’ mobile phone numbers, was leaked in an incident caused by an employee rather than a cyberattack. According to financial industry sources, Shinhan Card confirmed the data leak through an internal investigation and reported the case to the country's Personal Information Protection Commission (PIPC).
December 23, 2025