Korea's first private rocket launch put off on technical glitch SEOUL, December 20 (AJP) -South Korean space launch startup Innospace has called off the launch attempt of the country's first privately-developed rocket, HANBIT-Nano, after engineers identified a technical issue during final countdown procedures in Brazil. The launch was scheduled for 9:30 p.m. Friday local time (9:30 a.m. Saturday in Korea) at the Alcantara Space Center, but was halted about an hour before liftoff when an abnormality was detected in a valve used to fill December 20, 2025

Korea's FTC chief signals suspension on Coupang if fault confirmed in data leak SEOUL, December 20 (AJP) -Ju Biung-ghi, chairman of South Korea’s Fair Trade Commission, said authorities are keeping open the possibility of slapping business suspension e-commerce giant Coupang following a large-scale leak of customer personal data. Speaking on KBS’ “NewslineW" on Friday afternoon, Ju said the FTC is mobilizing “all available means,” including dispute mediation and support for consumer lawsuits, to assist those affected by December 20, 2025

K-Handmade Fair SEOUL, December 19 (AJP) - South Korea’s largest handmade exhibition, K-Handmade Fair 2025, opened on Dec. 18 at COEX B Hall in southern Seoul. Held under the theme “Happy Pages,” the four-day event runs through Dec. 21. The fair features handmade works across a wide range of categories, including crafts, design, art, interior items, fashion, accessories and beauty products, with around 600 booths participating. Visitors can meet creators in person at booths sho December 19, 2025

Asian markets rally as BOJ ends policy uncertainty SEOUL, December 19 (AJP) - Asian equities closed higher on Friday as investors welcomed signs of cooling U.S. inflation and the Bank of Japan’s long-anticipated interest rate hike, which helped clear a major policy overhang across the region. The BOJ’s move allowed markets to look past fears of a disorderly yen carry-trade unwind — at least for now — lifting benchmark indices across Asia. In Seoul, the KOSPI rose 0.65 percent to close at 4,020.55, reclai December 19, 2025

Unionized rail workers threaten indefinite strike again SEOUL, December 19 (AJP) - Unionized railway workers on Friday again threatened to launch an indefinite strike starting next Tuesday, citing the failure to fulfill agreements over bonus payments. State-run rail operator KORAIL's workers, who called off a planned strike at the last minute earlier this week after tentatively agreeing to further discussions on performance-based bonuses, said they will go on strike from the first train next Tuesday unless the agreements are fulfille December 19, 2025

Krafton, Naver, Mirae Asset pool capital for Asia startup bets SEOUL, December 19 (AJP) - Game developer Krafton said on Friday it will set up an Asia-focused investment fund with Naver and Mirae Asset Group worth up to 1 trillion won ($740 million), betting on fast-growing technology companies across the region. The fund, named the Krafton–Naver–Mirae Asset Unicorn Growth Fund, will target promising technology firms in major Asian markets, including South Korea and India. The partners said the vehicle aims to generate long-ter December 19, 2025

Musinsa opens first overseas multi-brand store in Shanghai's Anfu Road SEOUL, December 19 (AJP) - South Korean fashion platform Musinsa has opened its first overseas multi-brand store in Shanghai on Friday, marking a strategic push to expand its offline presence in China’s rapidly shifting fashion retail market. The new store, located on Anfu Road — one of Shanghai’s most influential fashion districts — brings together 59 brands across three floors, including 44 Korean designer and accessory labels and a selection of Chinese a December 19, 2025

KT Wiz infielder Hwang Jae-gyun to end 20-year baseball career SEOUL, December 19 (AJP) - Infielder Hwang Jae-gyun is retiring from baseball, the KT Wiz said on Friday. In a statement released by the club, Hwang said, "Despite a good offer from the club, I decided to retire after much consideration." He added, "Thanks to the fans who always supported me enthusiastically, I was able to play for 20 years." "It was a great honor to be selected for the national team and to compete in international sporting events such December 19, 2025

Bank of Korea takes rare moves to boost USD liquidity and defend won SEOUL, December 19 (AJP) -The Bank of Korea (BOK) on Friday moved to shore up foreign-exchange market liquidity to help stabilize the won, announcing temporary regulatory relief and incentives for financial institutions in desperate move to buttress the local currency without direct intervention. At an emergency meeting held Friday, the central bank’s Monetary Policy Board approved a six-month package of measures to be applied from January through June next year. The st December 19, 2025

South Korea's priciest land for 23rd year SEOUL, December 19 (AJP) - A prime commercial plot in Seoul’s iconic Myeong-dong shopping district has been named South Korea’s most expensive piece of land for the 23rd consecutive year. The 169-square-meter site, currently occupied by a Nature Republic flagship store, saw its officially appraised value for 2026 set at 188.4 million won ($145,000) per square meter. This represents a 4.4 percent increase from the 2025 valuation. The plot has held the top spot in the December 19, 2025