KOSPI lands above another 5,500 milestone SEOUL, February 12 (AJP) —South Korea’s benchmark KOSPI towered over regional peers on Thursday, setting a fresh record above the 5,500 mark on strong foreign and institutional buying. The benchmark index rose 3.1 percent to close at 5,522.3, up 167.8 points on the session. Foreign investors bought a net 3.0013 trillion won ($2.08 billion), while institutions added 1.3668 trillion won. Retail investors sold 4.4474 trillion won, locking in gains after the recent rall February 12, 2026

Practice makes perfect ahead of Seollal SEOUL, February 12 (AJP) - Bowing to elders and tossing wooden sticks across a board game mat, children are rehearsing the rituals of Seollal before the holiday even begins. Across South Korea, traditional Lunar New Year experience programs are underway ahead of Seollal, offering young participants the chance to prelearn customs that once passed naturally from one generation to the next. With the nation’s biggest holiday set for next week, cultural centers and heritage ve February 12, 2026

Southern Seoul bathed under Lotte Luminarie SEOUL, February 12 (AJP) - The “2026 Lotte Luminarie: Wish Shines On” festival is underway at World Park Plaza of Lotte World Tower in Songpa-gu, southeastern Seoul, bathing the surrounding area in the glow of approximately 270,000 lights. Held under the theme “Wish Shines On,” this year’s event centers on a 17-meter-high illuminated dome, accompanied by a newly installed cross-shaped tunnel measuring 63 meters wide and 25 meters long. The design expa February 12, 2026

To keep US troops, Seoul may have too look beyond NK in defense axis SEOUL, February 12 (AJP) - The U.S. National Defense Strategy (NDS), released last month one year into the Trump administration, delivers a message that is clear — take “primary responsibility” for own defense and expect “critical but limited” U.S. support. For South Korea, which has relied on the U.S. deterrence umbrella against North Korea for more than 70 years, the language feels unsettling. But beneath the rhetoric lies a deeper structural shift: W February 12, 2026

Samsung Electronics starts mass shipments of HBM4, targets next-gen AI demand SEOUL, February 12 (AJP) - Samsung Electronics has begun mass shipments of the industry's first HBM4 high-bandwidth memory chips, the South Korean tech giant said on Thursday, looking to secure an early lead in the next-generation AI memory market. The new chip utilizes Samsung's advanced 10-nanometer class (1c) DRAM and its proprietary 4-nanometer foundry process for the base die. It delivers stable transfer speeds of 11.7 gigabits per second (Gbps) and hits a maximum of February 12, 2026

Ex-interior minister sentenced to 7 years in prison in martial law case SEOUL, February 12 (AJP) - Former Interior and Safety Minister Lee Sang-min was sentenced to seven years in prison on Thursday for his role in disgraced former President Yoon Suk Yeol's martial law debacle. In a trial broadcast nationwide, the Seoul Central District Court ruled that he was guilty of aiding Yoon's declaration of martial law on Dec. 3, 2024, by instructing police and fire agencies to cut off power and water to media outlets on Yoon's orders. The court February 12, 2026

Seoul embarks on massive cleanup of penny stocks while market is hot SEOUL, Feb 12 (AJP) - Hoping to keep alive the sizzling momentum in the Korean stock market, now ranked among the world’s top 10 by valuation, Seoul has toughened rules to clean out zombie stock names. According to a new set of delisting requirements unveiled Thursday by the Financial Services Commission (FSC), members of the KOSPI will face stronger market capitalization and financial health standards, similar to those applied to the smaller KOSDAQ. As of September 2024, February 12, 2026

Seongsu – how pop-up fever turned shop space into show space Editor’s Note: This is the second installment in AJP’s Seongsu series, which examines how Seoul’s former factory district transformed into a global hub for pop-ups, brand experiences and new forms of urban consumption. SEOUL, February 12 (AJP) - In Seongsu, a former industrial district in eastern Seoul, retail space is no longer leased mainly to sell goods. It is rented — by the day or the week — to buy attention. Over the past decade, short-ter February 12, 2026

Court orders HYBE to pay Min Hee Jin 25.5 Billion Won in put option dispute SEOUL, February 12 (AJP) - A Seoul court has ruled that HYBE must pay roughly 25.5 billion won ($19 million) to Min Hee-jin, former CEO of ADOR and current head of OK Records, in connection with a put option dispute. The Seoul Central District Court’s Civil Division 31, presided over by senior judge Nam In-soo, partially ruled in favor of Min in her lawsuit seeking payment under a shareholder agreement. The court ordered HYBE to pay Min roughly 25.5 billion won. It also dism February 12, 2026

BTS Comeback D-37: Built different, the Suga equation *Editor’s Note — As BTS prepares to return as a full seven-member act with a new album set for March 20 and an open-stage performance at Gwanghwamun on March 21, following a near four-year hiatus for rotational military service, AJP revisits the group’s 13-year trajectory. This series reexamines BTS’s history, music, performance identity and enduring appeal. The Third installment traces the BTS member SUGA's roots and growth. SEOUL, February 12 (AJP) - February 12, 2026