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  BOK stays pat and signals end to rate cuts amid prolonged won weakness SEOUL, January 15 (AJP) — The Bank of Korea’s decision to hold its policy rate at 2.5 percent on Thursday came with an unusual backdrop: a rare public intervention by the U.S. Treasury secretary and a detailed defense by a deputy governor, highlighting how Korean won's fragility has become central in both fiscal and monetary policy calculus. The central bank unanimously voted to keep the benchmark rate unchanged at its first rate-setting meeting of the year, extend January 15, 2026
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  Four-term lawmaker Seo Young-kyo announces bid for Seoul mayor SEOUL, January 15 (AJP) - Lawmaker Seo Young-kyo of the ruling Democratic Party (DP) announced her bid for Seoul mayor on Thursday, vowing to "transform the capital into a leading global economic and cultural hub." At a press conference at the National Assembly on Thursday, months ahead of local elections slated for June 3, the four-term lawmaker said Seoul must turn into a "city where Seoul citizens are truly the owners," pledging to deliver "proven resul January 15, 2026
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  South Korea on alert over safety of about 70 nationals as Iran protests turn deadly SEOUL, January 15 (AJP) - As Iran's ongoing internal protests have reportedly killed thousands, with fears of possible U.S. intervention heightening global concerns, the South Korean government has remained on alert, convening an emergency meeting earlier this week to assess the safety of its citizens there. Chaired by Vice Foreign Minister Kim Jin-a, the meeting was held on Tuesday via Zoom with embassy officials in Tehran to set up contingency plans for South Korean nationals January 15, 2026
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  LG, SK, Upstage shortlisted for Korea's sovereign AI model SEOUL, January 15 (AJP) - LG AI Research, SK Telecom and Upstage have passed the first evaluation round of South Korea’s competition-style national project to select two homogeneous artificial intelligence foundation models by the end of the year. According to results announced Thursday by the Ministry of Science and ICT, three of the five contenders — Naver Cloud, NC AI, Upstage, SK Telecom and LG AI Research — advanced directly based on aggregate scores, while on January 15, 2026
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  Seoul holds emergency meeting after Trump's tariff move on chips and critical minerals SEOUL, January 15 (AJP)-The South Korean government moved into emergency response mode Thursday after the White House issued sweeping proclamations under Section 232 of the Trade Expansion Act, targeting semiconductors and critical minerals on U.S. national security grounds. Minister of Trade, Industry, and Energy Kim Jung-kwan convened an emergency meeting Thursday to review the details of President Donald Trump’s proclamations and map out Seoul’s next steps as Wa January 15, 2026
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  South Koreans rush to hoard dollars amid weakening won SEOUL, January 15 (AJP) - South Koreans have been hoarding U.S. dollars as the greenback continues its strong run. According to financial data released on Thursday, individual customers of South Korea's five major banks -Hana, KB Kookmin, NH Nonghyup, Shinhan, and Woori - exchanged South Korean currency for U.S. dollars worth about US$480.81 million over the past three weeks. The amount breaks down to $22.90 million per day on average, more than double the daily average of $1 January 15, 2026
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  One South Korean killed in a deadly train crash in Thailand - foreign ministry SEOUL, January 15 (AJP) -One South Korean national was among those killed in a deadly train derailment in Thailand on Wednesday, according to the foreign ministry in Seoul. The ministry said Thursday it had confirmed the death of one South Korean and was providing necessary consular assistance to the bereaved family. The accident occurred at around 9 a.m. Wednesday when a construction crane for a high-speed rail bridge collapsed onto a moving passenger train traveling January 15, 2026
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  Asian markets mixed; Nikkei retreats after record rally, KOSPI holds ground SEOUL, January 15 (AJP) — Asian equity markets were mixed on Wednesday, with Japanese stocks pulling back after a powerful start to the year, while Seoul shares held firm despite a more hawkish tilt from the Bank of Korea. Japan’s Nikkei 225 fell 0.77 percent to 53,923.94 as of 10:23 a.m. local time, as investors locked in profits following an uninterrupted January rally. The recent surge had been fueled by expectations of a snap election that could reinforce Prime Min January 15, 2026
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  Buses back running in Seoul after strike ends SEOUL, January 15 (AJP) -After two days of disruption, Seoul commuters were relieved to find buses back in service Thursday morning following an overnight wage deal. The Seoul City Bus Labor Union and the Seoul City Bus Transport Operators Association accepted a mediation proposal at around 11:50 p.m. during a second post-adjustment meeting hosted by the Seoul Labor Relations Commission. Under the agreement, wages for 2025 will rise by 2.9 percent, while the retirement age wil January 15, 2026
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  Actor Lee Byung-hun appears on US late-night talk show SEOUL, January 15 (AJP) - Actor Lee Byung-hun appeared on NBC's late-night talk show "Late Night with Seth Meyers" earlier this week, sharing behind-the-scenes stories from his latest films. After walking on stage to loud cheers at a studio in New York on Tuesday, Lee recounted a few episodes from the set of award-winning director Park Chan-wook's film "No Other Choice," drawing laughter with witty answers that garnered repeated applause from the au January 15, 2026