Incheon airport chief pushes back on president's call for cash-smuggling probe SEOUL, December 16 (AJP) - The head of South Korea’s Incheon International Airport Corporation said on Tuesday that a full investigation into allegations of cash smuggling using books would be virtually impossible, pushing back against an order issued by President Lee Jae Myung. Lee Hak-jae, chief executive of the airport operator, told a press conference in Incheon that searching for $100 bills concealed inside books would be unworkable in practice. “Conducting a December 16, 2025

Another turbulent year looms for Korea's petrochemical industry in 2026 Editor's Note: AJP is running a series on the 2026 outlook for South Korea's key industries, based on forecasts compiled by the Korea Chamber of Commerce and Industry (KCCI). The first installment examines petrochemicals. SEOUL, December 16 (AJP) - South Korea's battered petrochemical industry, already deep into streamlining and restructuring, is bracing for another difficult year in 2026, with conditions expected to remain cloudy and rain-soaked, according to an industr December 16, 2025

South Korea's Wemade to launch 'Mir M' role-playing game in China SEOUL, December 16 (AJP) - South Korean game developer Wemade said Tuesday it will officially launch its multiplayer online role-playing game Mir M in China next month, aiming to regain traction in the world’s largest gaming market. In China, the title will be released as Mir M: Twilight Double Dragons, a modern adaptation of Wemade’s long-running hit Legend of Mir 2. Legend of Mir 2 once dominated China’s online gaming market, capturing a 65 percent market December 16, 2025

South Korea, US hold consultative talks to coordinate North Korea policy SEOUL, December 16 (AJP) - Officials from South Korea and the U.S. on Tuesday held talks to coordinate policies toward North Korea. According to the Ministry of Foreign Affairs, the consultative meeting among relevant ministries and agencies, led by Jeong Yeon-doo, head of the ministry's office of diplomatic strategy, was held in Seoul, with acting U.S. Ambassador to South Korea Kevin Kim in attendance. Defense and security officials from both countries also attended, discu December 16, 2025

Top security adviser heads to Washington to discuss implementation of bilateral agreements SEOUL, December 16 (AJP) - National Security Adviser Wi Sung-lak on Tuesday left for Washington for working-level talks with U.S. officials this week. His trip comes after South Korea and the U.S. released a comprehensive joint fact sheet last month detailing agreements on bilateral trade and security. Wi is also expected to discuss measures for peace and security on the Korean Peninsula. Just before his departure from Incheon International Airport, Wi said, "I will disc December 16, 2025

Korea's M2 growth quickens to 8.7% in Oct; BOK rejects FX link SEOUL, December 16 (AJP) -South Korea’s broad money supply (M2) has remained in the 8-percent growth range since August and accelerated further to 8.7 percent in October, the Bank of Korea said Tuesday, while pushing back against claims that the liquidity increase is driving the won’s weakness. According to the central bank’s monetary aggregates report, the average M2 balance stood at 4,471.6 trillion won in October, up 0.9 percent from the previous month and 8.7 percent fr December 16, 2025

Sookmyung Women's University team develops light-activated technology to break down fat SEOUL, December 16 (AJP) - A research team at Sookmyung Women’s University, led by Professor Byun Jun-ho in the College of Pharmacy, has developed a new nanotechnology that uses light to selectively break down fat inside fat cells, a potential advance toward safer and more precise obesity treatments. The researchers said in the study, announced on December 16, that the approach targets fat without damaging surrounding tissue, addressing safety concerns linked to existing obe December 16, 2025

Ferrari selects Samsung Display OLED panels for next-generation vehicles SEOUL, December 16 (AJP) - Ferrari will adopt automotive organic light-emitting diode (OLED) panels from Samsung Display for its next-generation vehicles, as the luxury sports carmaker seeks to enhance in-car digital experiences through advanced display technology. The Italian automaker said Tuesday Samsung Display’s panels were selected for their ability to support the innovative designs and form factors required for Ferrari’s future models. “Samsung Displa December 16, 2025

Generative AI lowers barriers to cyberattacks as hacking cases jump in South Korea SEOUL, December 16 (AJP) - Hacking crimes in South Korea have surged alongside advances in artificial intelligence, as generative AI tools lower the barriers to launching cyberattacks, according to a report released by the Korean National Police University. The university’s Crime Policy Research Institute said 2,617 hacking cases were recorded between January and September this year, up 30.6 percent from the same period a year earlier. Of those cases, 551 were solved, l December 16, 2025

TRAVEL: Pohang, perfect place to catch New Year's first sunrise along with winter delicacy SEOUL, December 16 (AJP) - South Korea's southeastern port city of Pohang is known as an industrial hub, but it also boasts scenic spots that attracts attract hordes of visitors at this time of year to witness the country's earliest and most stunning sunrises. About a 40-minute journey from the industrial city's KTX bullet train station takes visitors to Homigot at the easternmost tip of the Korean Peninsula. Famous for its iconic hand-shaped sculpture, the site draws December 16, 2025