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  South Korea deploys new tactical missiles capable of countering North Korean long-range artillery SEOUL, December 16 (AJP) - South Korea's new tactical surface-to-surface missiles have been deployed and are combat-ready, the Defense Acquisition Program Administration (DAPA) said on Tuesday. The missiles, known as KTSSM, are a crucial part of the country's defense strategy designed to precisely counter North Korean artillery and strike command facilities including underground bunkers in the event of conflict. A ceremony marking the deployment was held at a military c December 16, 2025
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  Foreign arrivals hit records, but Korea's duty-free shops face deepest slump in a decade SEOUL, December 16 (AJP) - Korea has waived visas for Chinese group tourists, the won is about 4 percent weaker than a year ago, and inbound foreign arrivals are on track to hit a record high in 2025. Yet duty-free sales are shrinking to levels last seen a decade ago. Once the backbone of tourist retail — and a near-mandatory stop for Chinese and Japanese visitors — duty-free shops are shuttering outlets, downsizing operations and renegotiating rents as foot traffic thin December 16, 2025
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  South Korea leads Asian market losses ahead of BOJ, ECB meetings SEOUL, December 16 (AJP) - Asian stock markets closed lower on Tuesday as skepticism over artificial intelligence valuations spread from Wall Street and investors braced for key interest rate decisions from the Bank of Japan (BOJ) and the European Central Bank (ECB). South Korean equities posted the steepest losses in the region. The benchmark KOSPI index tumbled 2.24 percent to 3,999.13, while the tech-heavy KOSDAQ fell 2.42 percent to 916.11. Foreign investors were net seller December 16, 2025
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  First verdict in impeached ex-president's martial law case set for next month SEOUL, December 16 (AJP) - Disgraced former President Yoon Suk-yeol, who faces several charges related to his botched martial law debacle, will receive his first verdict next month. The Seoul Central District Court said on Tuesday it intends to deliver its ruling on January 16 on whether Yoon obstructed the law enforcement by blocking investigators and other officials who attempted to detain him in relation to the debacle. The court cited a law requiring the first ruling to be mad December 16, 2025
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  Sejong University MBA program targets finance professionals with no-code AI curriculum SEOUL, December 16 (AJP) - Sejong University's Graduate School of Business is recruiting students for its AI Finance MBA program starting in spring 2026, offering a curriculum designed for working professionals to analyze financial big data without coding skills. The program uses prompt engineering and no-code data analysis tools to make financial data accessible to non-specialists, according to Lee Soo-joon, a professor leading the AI Finance MBA track at Sejong University December 16, 2025
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  South Korea eyes independent Mars landing by 2045 SEOUL, December 16 (AJP) - South Korea’s space agency said on Tuesday it plans to pursue a dual-track strategy to achieve a Mars landing by 2045, combining international cooperation in the near term with the long-term goal of deploying a lander developed entirely with domestic technology. Unveiling its Mars exploration roadmap at a press conference in Seoul, the Korea AeroSpace Administration said it would initially collaborate with SpaceX by using the U.S. company’s December 16, 2025
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  Why Korea's MZs are drifting away from iPhone SEOUL, December 16 (AJP) - The conventional wisdom that iPhone users rarely switch ecosystems is beginning to fray in South Korea, where a small but notable share of Millennials and Gen Z (MZ) consumers are migrating to Samsung’s Galaxy lineup, driven less by price than by everyday usability. Net switching among users in their 20s has reached 11.3 percentage points in favor of Galaxy, according to Counterpoint Research, challenging Apple’s long-held grip on young Korea December 16, 2025
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  Incheon airport chief pushes back on president's call for cash-smuggling probe SEOUL, December 16 (AJP) - The head of South Korea’s Incheon International Airport Corporation said on Tuesday that a full investigation into allegations of cash smuggling using books would be virtually impossible, pushing back against an order issued by President Lee Jae Myung. Lee Hak-jae, chief executive of the airport operator, told a press conference in Incheon that searching for $100 bills concealed inside books would be unworkable in practice. “Conducting a December 16, 2025
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  Another turbulent year looms for Korea's petrochemical industry in 2026 Editor's Note: AJP is running a series on the 2026 outlook for South Korea's key industries, based on forecasts compiled by the Korea Chamber of Commerce and Industry (KCCI). The first installment examines petrochemicals. SEOUL, December 16 (AJP) - South Korea's battered petrochemical industry, already deep into streamlining and restructuring, is bracing for another difficult year in 2026, with conditions expected to remain cloudy and rain-soaked, according to an industr December 16, 2025
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  South Korea's Wemade to launch 'Mir M' role-playing game in China SEOUL, December 16 (AJP) - South Korean game developer Wemade said Tuesday it will officially launch its multiplayer online role-playing game Mir M in China next month, aiming to regain traction in the world’s largest gaming market. In China, the title will be released as Mir M: Twilight Double Dragons, a modern adaptation of Wemade’s long-running hit Legend of Mir 2. Legend of Mir 2 once dominated China’s online gaming market, capturing a 65 percent market December 16, 2025