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

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

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

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

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

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

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

Korean sets record 20-day exports Dec, chips make up a third of total exports SEOUL, December 22 (AJP) -South Korea posted a record for first 20-day monthly exports in December, driven by a 42-percent jump in chip shipments that now account for nearly a third of total exports, customs-cleared preliminary data showed Monday. According to the Korea Customs Service, exports for Dec. 1–20 climbed 6.8 percent from a year earlier to US$43.03 billion, marking a fresh record for the first 20-day period. Average daily exports, adjusted for working days, December 22, 2025

Santa rally reaches Asia, led by chip stocks SEOUL, December 22 (AJP) - Asian markets opened the week on signs of a “Santa Claus rally,” as a key overhang — Japan’s long-anticipated rate hike — was cleared last week, reviving risk appetite across the region. Chip stocks led the advance after strong earnings from Micron Technology and fresh optimism around high-bandwidth memory (HBM), reinforcing the global AI-driven semiconductor rally. In Seoul, the benchmark KOSPI was up 1.97 percent at 4,0 December 22, 2025

Lee praises badminton star An Se-young's historic win SEOUL, December 22 (AJP) - President Lee Jae Myung praised South Korean players for their achievements at the BWF World Tour Finals, which wrapped up over the weekend. Shortly after badminton ace An Se-young's victory late Sunday night, Lee wrote on Facebook that the national anthem was played three times in Hangzhou, China, saying he was "very proud" of her and other players and calling 2025 "the year of South Korean badminton." The world No. 1 in women& December 22, 2025