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  PHOTOS: One year after martial law, citizens return to the streets SEOUL, December 03 (AJP) - On December 3, marking one year since the declaration of martial law, groups from both the progressive and conservative blocs held separate rallies in Yeouido, Seoul. Progressive groups, including the Emergency Action for Ending Insurrection and the Korean Confederation of Trade Unions, gathered around National Assembly Station, calling for the dismantling of martial law. Participants held light sticks and candles, recalling the night the de December 4, 2025
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  North Korea-U.S. Summit without denuclearization: a 'Korea passing' When South Korea’s new Democratic Party president took office in June, his administration moved quickly to explore the possibility of a summit between North Korea and the United States. During his first meeting with the U.S. president, President Lee Jae Myung described himself as a “pace maker” and the American president as a “peace maker,” signaling his intention to shepherd the two sides toward dialogue. His approach echoes the Moon Jae-in government’s diplo December 4, 2025
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  Gov't ramps up safety inspections for high-rise buildings after Hong Kong's deadly fire SEOUL, December 3 (AJP) - Following a massive fire at a high-rise apartment complex in Hong Kong, government authorities here are conducting emergency safety inspections of buildings over 30 floors. Despite current regulations mandating the use of non-combustible materials and the installation of safety-related equipment, some buildings constructed before these regulations took effect still use flammable materials. Of some 140 skyscrapers over 50 floors or 200 meters, 18 are affec December 3, 2025
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  Major Asian markets climb; China slips on deepening recession fears SEOUL, December 03 (AJP) - Asian equity markets ended mixed on Wednesday, with South Korea, Japan and Taiwan advancing on rising expectations of a U.S. interest rate cut, while China-related indices slid across the board amid renewed recession worries. The Korean won closed at 1,467.8 per dollar, up 1.7 won, supported by sustained foreign and institutional buying on the KOSPI and what traders described as “steady, visible intervention” by financial institutions and FX December 3, 2025
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  Korean authorities up penalties and tax probe to fight online scalpers SEOUL, December 03 (AJP) - Scalping of concert and sports tickets has exploded across Korea—surging 41-fold over the past five years—despite tougher penalties and enforcement, prompting regulators and tax authorities to intensify punitive measures. Ticketbay, the country's largest resale platform, is now capping all resale prices at 1 million won ($681) in an attempt to rein in runaway premiums and speculative behavior. The platform said Monday that listings wit December 3, 2025
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  Chief Justice calls for thorough discussion on judicial reform SEOUL, December 3 (AJP) - The Supreme Court's Chief Justice Cho Hee-dae emphasized the need for thorough public discussion on ongoing talks for judicial reform, citing the importance of protecting citizens' rights and maintaining social order. Speaking at a luncheon with President Lee Jae Myung at the presidential office in Yongsan, Seoul, Cho said, "While not everyone may agree with judicial decisions, these verdicts gain legitimacy and trust through the constitution December 3, 2025
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  Samsung wins national technology award for GDDR7 as AI inference demand grows SEOUL, December 03 (AJP) - Samsung Electronics’ latest graphics memory was recognized by South Korea’s government as a key technology underpinning the country’s future AI competitiveness, amid growing industry focus on AI inference rather than model training. At the 2025 Korea Tech Festival, hosted by the Ministry of Trade, Industry and Energy at COEX in Seoul on Wednesday, Samsung received the Korea Technology Awards Presidential Prize for its 12-nanometer, 40 g December 3, 2025
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  Korea sees largest monthly stock outflow as foreign funds pivot to bonds SEOUL, December 03 (AJP) - Foreign investors offloaded a net 14.2 trillion won ($9.7 billion) worth of South Korean equities in November, the largest monthly divestment since records began in the 2000s, the International Finance Center (IFC) said in a report on Wednesday. The outflow surpassed the previous highs of 12.9 trillion won logged in March 2020 at the onset of the COVID-19 pandemic and 10.1 trillion won in April this year amid U.S. tariff-related tensions. While foreign December 3, 2025
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  Newcomers to Korean stock markets in roller-coaster ride SEOUL, December 03 (AJP) - Newcomers to South Korea’s stock market are drawing increased warnings from the Korea Exchange (KRX), as freshly listed companies swing sharply in price and trading volume. Samyang Biopharm, which debuted on Nov. 24, was designated an investment-warning issue on Tuesday after its shares overheated in early trading. Nota, listed on Nov. 3, received the same label from Nov. 11 to 25 as AI-themed retail buying sent the stock surging before a rapid pul December 3, 2025
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  Olive Young a must-visit stop in Korea owe 25% of sales to foreigners SEOUL, December 03 (AJP) - A quarter of revenue at CJ Olive Young stores across South Korea now comes from foreign customers, whose purchases surpassed the 1 trillion won ($770 million) mark this year in a sharp illustration of K-beauty’s global pull, the beauty franchise said Wednesday. From January through November, spending by foreign nationals at Olive Young’s offline stores nationwide reached the milestone, marking a 26-fold increase from 2022, when Korea’s December 3, 2025