• 
  Korean Air, Asiana face fines for breaching merger conditions on seat supply SEOUL, December 22 (AJP) - South Korea’s antitrust regulator said on Monday it will impose penalties totaling 6.5 billion won ($5 million) on Korean Air and Asiana Airlines for violating merger-approval conditions that restrict sharp reductions in seat supply. The Fair Trade Commission (FTC) said it will fine Korean Air 5.88 billion won and Asiana 580 million won for breaching a corrective order that bars the airlines from cutting annual seat supply to below 90 percent of December 22, 2025
• 
  South Korea's strategic oil reserves hit 100 million barrels SEOUL, December 22 (AJP) - South Korea's strategic oil reserves have surpassed 100 million barrels for the first time, the government said on Monday. The Ministry of Trade, Industry and Energy said the final oil tanker carrying this year’s stockpiled crude arrived at the Korea National Oil Corp.’s storage base in Geoje, bringing state-held reserves to 100 million barrels. Privately held oil stockpiles stood at about 95 million barrels as of October. Combined p December 22, 2025
• 
  PHOTOS: Coal briquettes become symbol of solidarity SANGJU, December 22 (AJP) - During South Korea’s rapid industrialization, the yeontan — a cylindrical coal briquette — was the lifeblood of the working class, fueling the stoves that saw families through the harsh winters. While the nation has since transformed into a high-tech powerhouse, these "black diamonds" remain a critical, albeit fading, lifeline for the vulnerable. Though most of the country transitioned to oil boilers in the 1980s and event December 22, 2025
• 
  Seoul says it held nuclear talks with Russia despite Moscow's denial SEOUL, December 22 (AJP) - South Korea reportedly held talks with Russia to discuss multiple issues including North Korea's nuclear weapons program. According to diplomatic sources, a South Korean Foreign Ministry official handling North Korea-related issues traveled to Moscow and met with Oleg Burmistrov, the Russian Foreign Ministry's special envoy for North Korea's nuclear issues. Apart from a foreign ministers' meeting in September this year, this was the firs December 22, 2025
• 
  Korean sets record 20-day exports Dec, chips make up a third of total exports SEOUL, December 22 (AJP) -South Korea posted a record for first 20-day monthly exports in December, driven by a 42-percent jump in chip shipments that now account for nearly a third of total exports, customs-cleared preliminary data showed Monday. According to the Korea Customs Service, exports for Dec. 1–20 climbed 6.8 percent from a year earlier to US$43.03 billion, marking a fresh record for the first 20-day period. Average daily exports, adjusted for working days, December 22, 2025
• 
  Santa rally reaches Asia, led by chip stocks SEOUL, December 22 (AJP) - Asian markets opened the week on signs of a “Santa Claus rally,” as a key overhang — Japan’s long-anticipated rate hike — was cleared last week, reviving risk appetite across the region. Chip stocks led the advance after strong earnings from Micron Technology and fresh optimism around high-bandwidth memory (HBM), reinforcing the global AI-driven semiconductor rally. In Seoul, the benchmark KOSPI was up 1.97 percent at 4,0 December 22, 2025
• 
  Lee praises badminton star An Se-young's historic win SEOUL, December 22 (AJP) - President Lee Jae Myung praised South Korean players for their achievements at the BWF World Tour Finals, which wrapped up over the weekend. Shortly after badminton ace An Se-young's victory late Sunday night, Lee wrote on Facebook that the national anthem was played three times in Hangzhou, China, saying he was "very proud" of her and other players and calling 2025 "the year of South Korean badminton." The world No. 1 in women& December 22, 2025
• 
  Hyosung Heavy wins European power equipment orders worth $170 million SEOUL, December 22 (AJP) - South Korea's Hyosung Heavy Industries has secured a series of new orders for extra-high-voltage power equipment across Europe. The company said on Monday it won contracts worth more than 230 billion won ($170 million) this month in key European markets including the United Kingdom, Sweden and Spain, citing rising investment in power grids as countries accelerate energy transitions. In the United Kingdom, Hyosung Heavy Industries recently signed December 22, 2025
• 
  South Korea's NCSoft pivots to casual games with two acquisitions SEOUL, December 22 (AJP) - South Korean game developer NCSoft said on Monday it is stepping up its push into the global mobile casual game market, announcing two acquisitions to seek new growth beyond its traditional focus on massively multiplayer online role-playing games. NCSoft, led by co-chief executive officers Kim Taek-jin and Park Byung-moo, said it will acquire global mobile casual game developer Lihuhu Games and South Korean studio Springcomes as part of a portfolio diver December 22, 2025
• 
  DP to push controversial bill for special tribunal on martial law case SEOUL, December 22 (AJP) - The ruling Democratic Party (DP) is expected to push through a bill for a special tribunal to handle insurrection cases related to disgraced former President Yoon Suk Yeol's martial law debacle last year. The DP is set to submit the controversial bill to the plenary session of the National Assembly this week, despite concerns that it may be unconstitutional and could undermine judicial independence and fairness. Amid criticism, the DP earlier made r December 22, 2025