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  Unionized rail workers threaten indefinite strike again SEOUL, December 19 (AJP) - Unionized railway workers on Friday again threatened to launch an indefinite strike starting next Tuesday, citing the failure to fulfill agreements over bonus payments. State-run rail operator KORAIL's workers, who called off a planned strike at the last minute earlier this week after tentatively agreeing to further discussions on performance-based bonuses, said they will go on strike from the first train next Tuesday unless the agreements are fulfille December 19, 2025
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  Krafton, Naver, Mirae Asset pool capital for Asia startup bets SEOUL, December 19 (AJP) - Game developer Krafton said on Friday it will set up an Asia-focused investment fund with Naver and Mirae Asset Group worth up to 1 trillion won ($740 million), betting on fast-growing technology companies across the region. The fund, named the Krafton–Naver–Mirae Asset Unicorn Growth Fund, will target promising technology firms in major Asian markets, including South Korea and India. The partners said the vehicle aims to generate long-ter December 19, 2025
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  Musinsa opens first overseas multi-brand store in Shanghai's Anfu Road SEOUL, December 19 (AJP) - South Korean fashion platform Musinsa has opened its first overseas multi-brand store in Shanghai on Friday, marking a strategic push to expand its offline presence in China’s rapidly shifting fashion retail market. The new store, located on Anfu Road — one of Shanghai’s most influential fashion districts — brings together 59 brands across three floors, including 44 Korean designer and accessory labels and a selection of Chinese a December 19, 2025
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  KT Wiz infielder Hwang Jae-gyun to end 20-year baseball career SEOUL, December 19 (AJP) - Infielder Hwang Jae-gyun is retiring from baseball, the KT Wiz said on Friday. In a statement released by the club, Hwang said, "Despite a good offer from the club, I decided to retire after much consideration." He added, "Thanks to the fans who always supported me enthusiastically, I was able to play for 20 years." "It was a great honor to be selected for the national team and to compete in international sporting events such December 19, 2025
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  Bank of Korea takes rare moves to boost USD liquidity and defend won SEOUL, December 19 (AJP) -The Bank of Korea (BOK) on Friday moved to shore up foreign-exchange market liquidity to help stabilize the won, announcing temporary regulatory relief and incentives for financial institutions in desperate move to buttress the local currency without direct intervention. At an emergency meeting held Friday, the central bank’s Monetary Policy Board approved a six-month package of measures to be applied from January through June next year. The st December 19, 2025
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  South Korea's priciest land for 23rd year SEOUL, December 19 (AJP) - A prime commercial plot in Seoul’s iconic Myeong-dong shopping district has been named South Korea’s most expensive piece of land for the 23rd consecutive year. The 169-square-meter site, currently occupied by a Nature Republic flagship store, saw its officially appraised value for 2026 set at 188.4 million won ($145,000) per square meter. This represents a 4.4 percent increase from the 2025 valuation. The plot has held the top spot in the December 19, 2025
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  Korea grand sale kicks off SEOUL, December 19 (AJP) - The Korea Grand Sale, hosted by the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization, opened on December 17 and will run for 67 days until February 22, 2026. An opening ceremony was held in Myeongdong on December 17, featuring various performances to celebrate the launch. The festival is Korea's flagship promotional event targeting foreign tourists, combining shopping, culture, and tourism. Nationwide discounts and special o December 19, 2025
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  PHOTOS: Narye, the grand royal year-end ritual SEOUL, December 19 (AJP) - The National Gugak Center will stage its year-end performance Narye from December 18 to 21 at the Yeakdang Theater in Seocho District, Seoul. Narye is a traditional ritual that dates back to the Goryeo and Joseon dynasties. Held on the final night of the lunar year, it was performed in royal courts, government offices, and private homes to drive away lingering misfortune and malevolent spirits, while praying for peace and prosperity in the comi December 19, 2025
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  PHOTOS: Japan's imperial court at the heart of Seoul SEOUL, December 19 (AJP) -Inside the exhibition hall, order and formality define the presentation of Japanese court culture. Through the Long Ages of Time: Japanese Court Culture, currently on view at the National Palace Museum of Korea, traces the formation and development of Japan’s court traditions across historical periods. The exhibition was organized to mark the 20th anniversary of the National Palace Museum of Korea and the 60th anniversary December 19, 2025
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  KAI secures Surion helicopter contracts worth 71 billion won SEOUL, December 19 (AJP) - Korea Aerospace Industries (KAI) said Friday it has signed separate contracts to supply one Surion multipurpose helicopter each to the Korea Coast Guard and the Korea National Park Service. The Coast Guard contract is valued at 38.5 billion won, while the National Park Service deal totals 32.8 billion won, KAI said. Each contract covers one helicopter along with spare parts, ground support equipment and training for pilots and maintenance personnel. December 19, 2025