Nearly 70% of departing KT subscribers switch to SK Telecom after fee waiver SEOUL, January 03 (AJP) - More than 30,000 subscribers have left KT in the three days following the company's decision to waive early termination fees, with around 70 percent of those switching to SK Telecom. According to industry sources on Saturday, a total of 31,634 subscribers left KT between Dec. 31 and Friday, averaging more than 10,000 departures per day. Of those, 26,192 moved to rival mobile carriers, including 18,720 — more than 70 percent — who switched January 3, 2026

Police arrest taxi driver in fatal Jonggak Station crash after positive drug test SEOUL, January 03 (AJP) - Police have arrested a taxi driver after he tested positive for drugs following a fatal crash near Jonggak Station in central Seoul, officials said Saturday. According to police, the driver was detained after a preliminary drug test showed a positive result for morphine. The accident occurred at around 6 p.m. Friday on a road near Jonggak Station in Seoul's Jongno District, when a taxi collided with two vehicles. The collision sent the taxi onto the January 3, 2026

Cold snap grips South Korea over first weekend of new year SEOUL, January 03 (AJP) - South Korea was hit by a sharp cold snap over the first weekend of the new year, with temperatures dropping to around minus 10 degrees Celsius nationwide on Saturday, the Korea Meteorological Administration (KMA) said. Morning temperatures in most regions hovered near minus 10 degrees Celsius, while strong winds pushed wind chill values even lower. The cold spell, however, is expected to ease from Saturday afternoon, with temperatures gradually rising to se January 3, 2026

Korean president reaffirms one-China policy ahead of summit in Beijing SEOUL, January 03 (AJP) - South Korean President Lee Jae Myung reaffirmed Seoul’s respect for the “one-China” policy on Taiwan in an interview with China Central Television ahead of his summit with Chinese President Xi Jinping, underscoring his administration’s intent to stabilize and recalibrate relations with Beijing. “The healthy development of South Korea–China relations depends on full respect for each other’s core interests,” L January 3, 2026

A deadly cab crash near Jonggak station in Seoul kills 1, injures 9, 4 of them foreigners SEOUL, January 03 (AJP) -A taxi sped onto a sidewalk near Jonggak Station in central Seoul on Friday evening, striking pedestrians and two vehicles to leave one dead and nine injured, officials said. The crash happened about 6:05 p.m. on a road in front of Jonggak Station on Seoul Subway Line 1, according to the Jongno Fire Station and other authorities. The taxi hit people in a crosswalk and then collided with two vehicles, they said. Nine people, including four foreigners January 3, 2026

Samsung Electronics to kick off earnings season with bumper Q4, signaling AI-driven boom SEOUL, January 02 (AJP) - Samsung Electronics will kick off the tech sector’s preliminary fourth-quarter earnings season next week, offering an early gauge of the scale of surging demand for memory chips amid aggressive stockpiling driven by the global AI boom. Market consensus compiled by FnGuide shows the South Korean tech giant is expected to post operating profit of about 15.5 trillion won (about $10.7 billion) for the quarter ended December, more than doubling the 6.49 January 2, 2026

Former Bigbang member to release solo album SEOUL, January 2 (AJP) - T.O.P, a former member of now-almost-defunct K-pop boy band Bigbang is expected to release a new album later this year. The rapper hinted at the release of his solo album in a post on social media with a message "A new album is on the way. Once released, it will be his first solo album since 2013. The disgraced star received a two-year suspended sentence in 2017 for smoking marijuana with a young starlet at his home in Seoul the previous year. But January 2, 2026

KOSPI opens 2026 on buoyant note, hits fresh milestone SEOUL, January 02 (AJP) - South Korean stocks roared into 2026, extending last year’s standout rally, while most Asian markets opened the year on a subdued footing. In Seoul, the benchmark KOSPI jumped 2.3 percent to close at a fresh all-time high of 4,309.63, while the tech-heavy KOSDAQ climbed 2.2 percent to 945.57. Investor sentiment was buoyed by record-high semiconductor exports. Shipments surged 22.2 percent from a year earlier in December to $17.34 billion, setting a January 2, 2026

Squeezed by lunch inflation, Korean salaried workers find traditional meals increasingly pricey SEOUL, January 02 (AJP) - With lunch inflation continuing to climb, the typical midday meal for South Korea’s salaried workers is quietly changing. Once a go-to comfort food, hot or cold noodle dishes are becoming noticeably more expensive, driven largely by rising import costs. Kalguksu — the traditional knife-cut noodle soup — has reached a fresh record high, reflecting the prolonged impact of a weak won and higher input prices. According to data from the Ko January 2, 2026

Faker becomes first esports player decorated with highest athletic honor SEOUL, January 2 (AJP) - Lee Sang-hyeok, better known as Faker, has become the first esports player to receive the highest honor awarded to athletes who have made outstanding sporting achievements while promoting national reputation. The iconic player of multiplayer online battle arena game League of Legends (LoL) was awarded the Blue Dragon Medal by President Lee Jae-myung at a New Year's event at Cheong Wa Dae on Friday. Accepting the medal, Lee said, "I'm deeply h January 2, 2026