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  Won edges toward 1,470 on overseas stock craze and strong dollar SEOUL, Jan. 12 (AJP) -South Korea’s won has weakened for eight consecutive sessions to flirt with the 1,470 level, erasing year-end gains made from heavy central bank intervention and stoking concerns for entrenched fragility that can build up inflationary pressures across the economy. The won closed at 1,468.4 against the dollar in Seoul on Monday, down 10.8 won from the previous session. After a volatile day that saw the currency start at 1,461.3 and briefly strengthen t January 12, 2026
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  As ramyeon turns into a global comfort food, exports boil to record high SEOUL, January 12 (AJP) -Steam rose higher than ever from Korea’s export kitchens last year. Food shipments hit a record, powered by an unstoppable wave of instant noodles that now travel farther than most K-pop tours. Provisional data from the Ministry of Agriculture shows K-Food Plus exports climbing 5.1 percent to $13.62 billion, with instant noodle sales jumping nearly 22 percent to $1.52 billion — the first time they’ve crossed the $1.5 billion line. From supe January 12, 2026
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  Prosecutors seek 15-year prison term for ex-interior minister over martial law involvement SEOUL, January 12 (AJP) - Prosecutors on Monday sought a 15-year prison sentence for former Interior Minister Lee Sang-min over his alleged involvement in disgraced former President Yoon Suk Yeol's martial law debacle in late 2024. During the final hearing of Lee's trial at the Seoul Central District Court in southern Seoul, prosecutors led by Cho Eun-suk said Lee, who had a decade-long career as a judge and lawyer at a law firm, "took part" in Yoon's botched D January 12, 2026
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  Strong memory prices, weak won fuel electronics inflation in Korea SEOUL, January 12 (AJP) - Soaring memory chip prices, compounded by a weak won, are pushing up the cost of electronics in South Korea, from laptops and smartphones to AI-driven devices such as robots and autonomous systems. All computing devices rely on memory chips, and the rapid expansion of hyperscale data centers and artificial intelligence has tightened global supply. As chipmakers prioritize high-performance memory for AI servers, device manufacturers and retailers are scram January 12, 2026
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  Red flags rise as leveraged stock investment hits record highs in Korea SEOUL, January 12 (AJP) - As an AI-driven frenzy continues to power record rallies in Seoul and on Wall Street, leveraged stock investment in South Korea has surged to historic highs, amplifying financial vulnerabilities in an economy where household debt already exceeds gross domestic product. The benchmark KOSPI continued to rewrite records this week, climbing 0.84% to 4,624.79 - less than a week after breaking through 4,500. The index has rallied almost uninterrupted since mid- January 12, 2026
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  From the 2025 lull to the 2026 pipeline: can Korean cinema bounce back? SEOUL, January 12 (AJP) - After a year that many in the industry would rather forget, Korean cinema is lining up a high-stakes reset for 2026. The drought of 2025 was historic for all the wrong reasons. For the first time since 2012—excluding the pandemic years—not a single film crossed the 10-million-admissions mark. Even the symbolic 5 million barrier proved elusive. Big names stumbled, audience momentum stalled, and production volumes fell to nearly half their pre- January 12, 2026
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  Ex-DP lawmaker slapped with travel ban over alleged bribery SEOUL, January 12 (AJP) - Former Democratic Party (DP) lawmaker Kang Sun-woo has been banned from traveling, along with two others, over alleged bribery, police said on Monday. Kang, who recently left the party amid allegations, is accused of accepting 100 million Korean won (US$68,500) from Seoul city official Kim Kyung in return for the DP's candidate nominations for the 2022 local elections. The money was reportedly delivered to Kang's ex-aide, identified only by his surn January 12, 2026
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  Korean Air–Asiana union nears; what does it mean for Asiana passengers? SEOUL, January 12 (AJP) - The long-awaited merger between Korean Air and Asiana Airlines is finally approaching completion. But for millions of Asiana passengers, one question matters more than regulatory approvals or aircraft numbers: What happens to my miles, status and benefits? As Asiana is absorbed into Korea's larger flag carrier, its brand, loyalty program and global alliance will all disappear. While the combined airline promises greater scale and efficiency, many freq January 12, 2026
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  Snowy Seoul SEOUL, January 12 (AJP) -Snow fell quietly across Seoul on Monday afternoon, drawing tourists and residents alike to pause and capture the softened cityscape. Light snowfall blanketed streets, rooftops and palace grounds, muting the usual rush of the capital and turning familiar landmarks into scenes of winter stillness. Visitors lingered with cameras and phones as flakes drifted down, framing Seoul in a rare moment of calm. The snowfall came amid sharp temperature swings, with mo January 12, 2026
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  The seasonal magic of birch forest in Inje SEOUL, January 12 (AJP) - The celebrated birch forest of Inje, nestled in the mountains of Gangwon Province, has been transformed into a pristine white landscape following a recent heavy snowfall. The Wondae-ri Birch Forest is a testament to decades of careful reforestation. Between 1974 and 1995, approximately 690,000 birch trees were planted across 138 hectares, evolving from a dedicated man-made plantation into one of the region's most iconic natural retreats. Today, the January 12, 2026