Korea's industry minister pledges to cut 'fake work,' boost efficiency SEOUL, December 17 (AJP) - South Korea’s Industry Minister Kim Jung-kwan said on Wednesday he aims to cut so-called “fake work” by 30 percent as part of broader efforts to strengthen organizational efficiency and innovation across government. Speaking at a government briefing in the administrative city of Sejong, Kim said reducing superficial or low-value tasks was essential to improving institutional capacity and productivity. President Lee Jae Myung voiced December 17, 2025

Shinsegae chair's Hannam-dong home remains South Korea's most expensive for 11th year SEOUL, December 17 (AJP) - Lee Myung-hee, chairwoman of South Korea’s Shinsegae Group, owns the country’s most expensive home for the 11th consecutive year, according to government property data released on Wednesday. Lee’s residence in Hannam-dong, central Seoul, was valued at 31.35 billion won ($21 million), up 5.48 percent from a year earlier, data from the Ministry of Land, Infrastructure and Transport showed. The valuation rose by 1.63 billion won from December 17, 2025

G-Dragon included among American fashion magazine's list of influential icons SEOUL, December 17 (AJP) - K-pop singer G-Dragon has been included in American fashion and lifestyle magazine Hypebeast's year-end list of influential figures in a diverse mix of contemporary culture, fashion, music and sports for this year. The annual list of "Hypebeast100" recognizes "leaders in fashion - designers, artists, creative directors and entrepreneurs from all cultural and vocational backgrounds - who have taken up the mantle to challenge and defin December 17, 2025

Coupang interim head repeats apology at hearing, founder and key C-suite stay away SEOUL, December 17 (AJP) -Coupang Corp.’s interim chief executive officer Harold Rogers apologized Wednesday for a massive data breach affecting more than 33 million South Korean customers, while telling lawmakers that the incident did not trigger mandatory disclosure requirements under U.S. privacy and securities regulations. "I am deeply sorry for the concern that we have created for the Korean people,” Rogers said at a National Assembly hearing, pled December 17, 2025

Asian markets mixed as investors weigh U.S. jobs data, await ECB and BOJ decisions SEOUL, December 17 (AJP) - Asian equity markets traded mixed in early Tuesday session, digesting overnight U.S. employment data while bracing for imminent rate decisions in Europe and Japan. In the United States, nonfarm payrolls rose more than expected, but the unemployment rate also came in higher than forecasts, adding uncertainty over the strength and trajectory of the U.S. economy. Investors are now focused on the European Central Bank’s policy decision on Thursday and December 17, 2025

Health supplements, wellness foods emerging as growth driver in food industry: report SEOUL, December 17 (AJP) - South Korea’s wellness food market is expanding rapidly, with rising competition as more companies enter segments ranging from health supplements to protein foods and low-calorie products, KPMG Samjong Accounting Corp. said in a report, Wednesday. In the report titled “Wellness Food Trends and Business Opportunities,” KPMG Samjong said the market is broadly divided into health supplements, protein foods and so-called “lo December 17, 2025

North Korean leader visits father's mausoleum SEOUL, December 17 (AJP) - North Korean leader Kim Jong-un visited his father's mausoleum in Pyongyang on Wednesday, state media reported. According to the state-run Korean Central Television, Kim paid his respects around midnight on the 14th anniversary of his father's death at the Kumsusan Palace of the Sun, where his grandfather and regime founder Kim Il-sung and father Kim Jong-il's embalmed bodies lie in state. Accompanied by senior officials and key mi December 17, 2025

OPINION: Hyundai Motor and Chung Euisun at the autonomous crossroads The crisis Hyundai Motor faces in autonomous driving is not, at its core, a technological one. Nor is it a matter of insufficient capital or a shortage of talent. The problem is simpler—and more troubling: decisive leadership is being smothered by institutional hesitation. Hyundai’s real competitors today are no longer other carmakers. They are Tesla, Google’s Waymo and Apple—companies that do not merely manufacture vehicles but accumulate data December 17, 2025

Canola flowers in full bloom in Jeju SEOUL, December 17 (AJP) - While the mainland is a world of snow and ice with freezing temperatures, a park in Seogwipo, Jeju Island, is blanketed in yellow with canola flowers in full bloom. December 17, 2025

South Korea's LS Eco Energy to expand rare earth metals business in Vietnam SEOUL, December 17 (AJP) - LS Eco Energy said on Wednesday its board has approved an investment plan to expand its rare earth metals business in Vietnam, as the South Korean firm seeks long-term growth in strategic materials. The investment, valued at about 28.5 billion won ($21 million), will be funded in part through the sale of treasury shares. LS Eco Energy plans to raise approximately 10.7 billion won by selling 297,303 treasury shares to its largest shareholder, LS Cable & December 17, 2025