Prosecutors seek arrest warrant for MBK Partners' chairman over Homeplus fraud SEOUL, January 8 (AJP) - Prosecutors have sought an arrest warrant for Kim Byung-ju, the chairman of private equity firm MBK Partners, along with three other executives over supermarket chain Homeplus' abrupt filing for court receivership. The Seoul Central District Prosecutors requested the warrants for them late Wednesday night on charges of fraud and other alleged violations of relevant laws. MBK Partners, which acquired a 100 percent stake in Homeplus from British groce January 8, 2026

[CES 2026] Hyundai Mobis deepens future mobility push with Boston Dynamics, Qualcomm ties LAS VEGAS, January 08 (AJP) - South Korea's Hyundai Mobis has announced a series of strategic partnerships at CES 2026 in Las Vegas aimed at expanding its role in future mobility, including a robotics supply deal with Boston Dynamics and a technology cooperation agreement with Qualcomm. As part of Hyundai Motor Group’s push to build an artificial-intelligence-driven robotics ecosystem, Hyundai Mobis said it has established a cooperation framework with Boston Dynamics a January 8, 2026

South Korea urged to diversify strategic mineral sourcing amid China risks SEOUL, January 08 (AJP) - China’s curbs on exports of strategic minerals, including rare earths, are intensifying calls for South Korea to accelerate efforts to stabilize its supply chain, with business and academic circles urging the government to diversify sourcing and offer stronger incentives for refining and processing. South Korea’s government-led drive to secure strategic minerals has largely stalled for more than a decade. While trading houses and materials c January 8, 2026

Samsung Elec estimates best-ever income $14 bn for Q4 and $30 bn for full 2025 SEOUL, January 08 (AJP) -Samsung Electronics reported record 20 trillion won ($14 billion) in operating profit for the quarter ended December and 43.5 trillion won for full-year 2025 — driven by the so-called “hyper bull” cycle in memory chips amid widening artificial intelligence adoption. In its earnings guidance released Thursday, the South Korean tech giant said it is estimated to have raked in 20 trillion won in operating profit for the October–Decemb January 8, 2026

OPINION: Restore politics to avoid Japan-like path South Korea is confronting a question it can no longer afford to ignore: can it avoid Japan’s “lost 30 years”? The concern is not only economic. More troubling is the sense that politics itself has lost the capacity to solve problems and steer the economy. The scale of South Korea’s transformation makes the question all the more striking. After liberation, average life expectancy stood at just 44 years. Infant mortality reached 102 per 1,000 births&mdas January 8, 2026

[CES 2026] CES 2026 Sneak peek: Samsung and LG turn exhibition spaces into experience hubs SEOUL, January 07 (AJP) - January 7, 2026

China's export curbs on Japan risk collateral damage to Korean chipmakers SEOUL, January 07 (AJP) - South Korean technology producers that rely on both China and Japan for critical raw and intermediate inputs may find themselves caught in the crossfire of rising U.S.–Japan tensions, after Beijing imposed sweeping export restrictions on more than 1,000 so-called “dual-use” items bound for Japan. China announced a blanket ban on the export of dual-use goods to Japan while hosting South Korean President Lee Jae Myung for a state visit and January 7, 2026

Retail traders bet on US markets as KOSPI rally continues SEOUL, Jan. 7 (AJP) - While the KOSPI continues its record-breaking rally on Wednesday, breaching the 4,600-level for the first time in history, the unwavering appetite of South Korean retail investors for U.S. equities remains a dominant market force. According to data from Koscom ETF CHECK, the most net-purchased ETFs by retail investors over the past week were the TIGER US S&P 500 and KODEX US S&P 500. Individual traders poured nearly 350 billion Korean won (US$241.7 mill January 7, 2026

Overseas fugitives top 1,000 for first time as cross-border scams surge in Korea SEOUL, January 07 (AJP) - The number of criminal suspects who fled overseas after committing crimes in South Korea has surged past 1,000 for the first time on record, raising concerns that the country is increasingly exposed to transnational crime networks operating across Asia and Russia. According to the Korean National Police Agency (KNPA), 1,249 new overseas fugitives were recorded last year, up 31 percent from 951 a year earlier. It marked the first time the annual figure excee January 7, 2026

Lee asks Xi to play mediator role for peace on Korean Peninsula SEOUL, January 7 (AJP) - President Lee Jae Myung on Wednesday said he asked Chinese President Xi Jinping to play a mediator role in maintaining peace and security on the Korean Peninsula including North Korea's nuclear weapons program. Lee made the remarks at a luncheon in Shanghai with South Korean reporters, after his talks with Xi in Beijing the previous day. "We have to find a realistic path that helps everyone," Lee said, questioning whether North Korea cou January 7, 2026