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  As won hovers at crisis-era levels, Seoul feels like the world's most expensive city SEOUL, December 22 (AJP) - Headline inflation in South Korea remains anchored around the mid-2 percent range, but many households say daily life feels increasingly unaffordable, as a weak won erodes purchasing power and amplifies price pressures across imported goods. Seoul now "feels like the most expensive city in the world," ahead of Tokyo and London, according to a recent British Time Out survey that asked residents in 100 global cities to assess their cost of living. December 22, 2025
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  No special amnesty planned for Christmas SEOUL, December 22 (AJP) - There will be no special amnesty for next week's Christmas and New Year's holidays. According to sources from the ruling Democratic Party (DP) on Monday, President Lee Jae Myung has not started reviewing year-end pardons. Such special pardons typically take about a month from the Justice Ministry's review to a final decision. In August, just two months after taking office, Lee granted pardons to a total of 836,687 people including Cho Kuk, December 22, 2025
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  Lee set to move into Cheong Wa Dae as renovations near completion SEOUL, December 22 (AJP) - President Lee Jae-myung is expected to move into Cheong Wa Dae in central Seoul soon, as renovations of the sprawling presidential compound are nearly complete. Some staff have already moved in, with the presidential office's daily press briefings resuming there on Monday. Lee's relocation from the current office in Yongsan to Cheong Wa Dae is expected to be completed as early as early as next week. Once moved in, he will have a shared workspa December 22, 2025
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  Hankook Tire's Hungarian plant donates tires to local community SEOUL, December 22 (AJP) - Hankook Tire & Technology said on Monday that its Hungary plant has donated 28,000 tires to local government bodies as well as nonprofit and charitable organizations under a corporate social responsibility initiative launched in 2012. The tire firm said said the initiative reflects the environmental, social and governance (ESG) management philosophy of the company and supports sustainable development in the Hungarian community. This year, the pl December 22, 2025
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  South Korea's Mirae Industries signs $7.5 million chip equipment supply deal SEOUL, December 22 (AJP) - Mirae Industries, a South Korean manufacturer of semiconductor back-end process equipment, said on Monday it has signed an additional supply contract worth $7.5 million with Unimos Micro Electronics for semiconductor inspection equipment. In a regulatory filing, the company said the contract is equivalent to 37.7 percent of its 27 billion won in revenue recorded last year. Mirae Industries said the latest order reflects the results of its efforts December 22, 2025
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  Frontline units told to assume border farther south to avoid clashes SEOUL, December 22 (AJP) - The South Korean military has internally instructed frontline units to consider the more southerly boundary when the Military Demarcation Line (MDL) along the inter-Korean border overlaps or is unclear, to avoid accidental clashes with North Korea. During a regular press briefing at the Ministry of Defense, Joint Chiefs of Staff spokesperson Lee Sung-joon said the military prioritizes MDL markers set up in the Demilitarized Zone (DMZ) and conducts comprehe December 22, 2025
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  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
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  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
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  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
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  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