South Korea 'considers separate agreement with US for nuclear submarines' SEOUL, December 17 (AJP) - South Korea is considering a separate agreement with the U.S. for the construction of nuclear submarines, National Security Adviser Wi Sung-lak said on Tuesday. Upon arriving at Dulles International Airport near Washington, D.C., Wi said that such an agreement would be needed, separately from the comprehensive joint fact sheet signed between the two countries last month, which outlines agreements on bilateral trade and security. Wi then added that he December 17, 2025

INTERVIEW: Korea's weak won reflects structural dollar imbalance, not crisis conditions South Korea’s won has weakened past 1,470 per dollar, a level that evokes memories of past currency crises. But strong external fundamentals suggest the current situation differs sharply from previous episodes of financial turmoil, according to Jeon Kwang-woo, chairman of the World Economic Research Institute and a former head of the Financial Services Commission (FSC) and the National Pension Service (NPS). Despite record current account surpluses and a stock market ral December 17, 2025

"No Other Choice" , "Golden" enter Oscar shortlists for 98th Academy awards SEOUL, December 17 (AJP) -South Korea has secured two high-profile spots on the Academy Awards shortlists, with “No Other Choice” advancing in the International Feature Film category and “Golden,” from animated feature K-Pop Demon Hunters, shortlisted for Best Original Song, according to the Academy of Motion Picture Arts and Sciences. No Other Choice — a darkly comic thriller that examines moral compromise and social pressure through an ordinary man pu December 17, 2025

INTERVIEW: Mongolian envoy anticipates S. Korea's cooperation in key sectors including critical minerals and infrastructure SEOUL, December 16 (AJP) - The Netflix survival entertainment program, "Physical: Asia," recently concluded, became a global hit. Notably, the Mongolian team, competing neck and neck with the Korean team until the final round, demonstrated remarkable strength and resilience truly worthy of the title "Descendants of Genghis Khaan." Their outstanding performance left a deep impression on Korean viewers and strengthened people to people connection between Korea and M December 17, 2025

Member-heavy KOSDAQ limps as KOSPI flies on thin venture financing SEOUL, December 16 (AJP) - There is a Korean saying that the younger is better than the elder. That adage hardly applies to the KOSDAQ, which has struggled to outperform its bigger sibling, the KOSPI, even with a steady stream of government stimulus measures. The “younger brother” showed a brief revival in the final two months of the year as foreign investors returned. Overseas investors bought a net 128.7 billion won ($93 million) worth of KOSDAQ shares as of last wee December 16, 2025

Korean calligraphy exhibition marks 60 years of immigration to Argentina SEOUL, December 16 (AJP) - A Korean calligraphy exhibition marking the 60th anniversary of Korean immigration to Argentina opened on December 12 at the Museo Nacional de Arte Decorativo in Buenos Aires, bringing together Korean community members and Argentine officials to reflect on six decades of shared history. The opening ceremony was attended by Han Byung-gil, chairman of the Korea Council on Latin America & the Caribbean, who delivered congratulatory remarks highlighting December 16, 2025

24/7 hotline for transnational crimes available, spy agency says SEOUL, December 16 (AJP) - Victims of transnational crimes such as online scams and phishing schemes, as well as those who encounter or are aware of misinformation threatening national security and public safety, can dial 111 to report them, the National Intelligence Service (NIS) said on Tuesday. They also can text to #0111 or leave messages on the NIS' website around the clock. These crimes involve multiple countries or foreign nationals, including voice phishing, oversea December 16, 2025

South Korea deploys new tactical missiles capable of countering North Korean long-range artillery SEOUL, December 16 (AJP) - South Korea's new tactical surface-to-surface missiles have been deployed and are combat-ready, the Defense Acquisition Program Administration (DAPA) said on Tuesday. The missiles, known as KTSSM, are a crucial part of the country's defense strategy designed to precisely counter North Korean artillery and strike command facilities including underground bunkers in the event of conflict. A ceremony marking the deployment was held at a military c December 16, 2025

Foreign arrivals hit records, but Korea's duty-free shops face deepest slump in a decade SEOUL, December 16 (AJP) - Korea has waived visas for Chinese group tourists, the won is about 4 percent weaker than a year ago, and inbound foreign arrivals are on track to hit a record high in 2025. Yet duty-free sales are shrinking to levels last seen a decade ago. Once the backbone of tourist retail — and a near-mandatory stop for Chinese and Japanese visitors — duty-free shops are shuttering outlets, downsizing operations and renegotiating rents as foot traffic thin December 16, 2025

South Korea leads Asian market losses ahead of BOJ, ECB meetings SEOUL, December 16 (AJP) - Asian stock markets closed lower on Tuesday as skepticism over artificial intelligence valuations spread from Wall Street and investors braced for key interest rate decisions from the Bank of Japan (BOJ) and the European Central Bank (ECB). South Korean equities posted the steepest losses in the region. The benchmark KOSPI index tumbled 2.24 percent to 3,999.13, while the tech-heavy KOSDAQ fell 2.42 percent to 916.11. Foreign investors were net seller December 16, 2025