Resident FX deposits in Korea jumped nearly $16 bln in December SEOUL, January 26 (AJP) -Foreign-currency deposits at South Korea-based banks surged by nearly $16 billion in December on prolonged weakness in the Korean won, central bank data showed. The Bank of Korea said Monday that resident foreign-currency deposits at local foreign-exchange banks totaled $119.43 billion at the end of December, up $15.88 billion from the previous month. It marked the second consecutive monthly increase. Resident foreign-currency deposits include ho January 26, 2026

KOSDAQ breaks above 1,000 as Asia trades mixed; Nikkei retreats on political uncertainty SEOUL, January 26 (AJP) – Asian equities opened the week mostly lower, with Japanese stocks retreating on rising bond yields and political uncertainty. South Korea’s secondary KOSDAQ bucked the sentiment, surging past the 1,000 mark for the first time in four years on policy optimism. The benchmark KOSPI opened higher but later pared gains. As of 10:37 a.m. local time Monday, the index was down 0.48 percent at 4,966.31. The KOSDAQ jumped 5.48 percent to 1,048.35, tr January 26, 2026

Team Korea heads for Canada for final push in $41 bn submarine bid SEOUL, January 26 (AJP) - President Lee Jae Myung’s chief of staff Kang Hoon-sik departed for Canada on Monday as a special envoy for strategic economic cooperation, seeking to support South Korea’s bid to secure Canada’s major submarine procurement project estimated at up to 60 trillion won ($40.9 billion). Kang left Incheon International Airport for Toronto as South Korean shipbuilder Hanwha Ocean competes for Canada’s Canadian Patrol Submarine Project (C January 26, 2026

Seoul confirms plan to construct two nuclear reactors by late 2030s SEOUL, January 26 (AJP) - South Korea will proceed with plans to build two new nuclear reactors by 2037-38, the government said on Monday, reviving a project that had effectively been on hold and paving the way for site selection to begin. Climate, Energy and Environment Minister Kim Sung-hwan said construction of the reactors, included in the current national power plan, would move ahead as scheduled after public consultations showed broad support. “New nuclear power p January 26, 2026

[BTS Comeback] Ticketing is only half the battle SEOUL, January 26 (AJP) -"Booking a room is as important as scoring tickets." With BTS’s comeback in the Gwanghwamun area and the kick off of its April world tour in Goyang now confirmed, fans are increasingly turning their attention to accommodation near the venues. The idea is straightforward: avoid the most congested post-show routes and reduce travel time, ideally by staying within walking distance. The trend has even produced its own term among fans: &ldq January 26, 2026

Hyundai Motor chairman joins Canada envoy team to back submarine bid SEOUL, January 26 (AJP) - Hyundai Motor Group Chairman Chung Eui-sun is joining a special envoy team to support South Korea’s bid for the Canadian Patrol Submarine Project, government and industry officials said on Monday. Chung will depart for Canada later in the day to back the government-led effort, the officials said. A defense-industry envoy team, including Presidential Chief of Staff Kang Hoon-sik and Industry Minister Kim Jeong-gwan, will also leave for Canada on January 26, 2026

Krafton executives meet Indian ambassador to discuss tech investment SEOUL, January 26 (AJP) - Krafton announced on January 23 that it held talks with Indian Ambassador to South Korea Gourangalal Das at its Seoul headquarters to outline plans for expanded technology cooperation and investment in India. Ambassador Das met with senior Krafton executives, including Board Chairman Chang Byung-gyu and Kim Nak-hyung, the head of the company's India and emerging markets division. Deputy Chief of Mission Nishi Kant Singh also attended. The group exchan January 26, 2026

S-Oil's annual operating profit tumbles 31.7% on weak petrochemical margins SEOUL, January 26 (AJP) - South Korean refiner S-Oil reported a 31.7 percent plunge in operating profit for 2025, dragged down by mounting losses in its petrochemical division amid a prolonged industry downturn. The company posted an operating profit of 288.2 billion won ($198.8 million) for the year, down from 422.1 billion won in 2024, according to a regulatory filing on Monday. Annual revenue slipped 6.5 percent to 34.25 trillion won as global oil prices softened throughout the y January 26, 2026

OPINION: Behind the seizure of military power, is the Chinese military system strengthening or weakening SEOUL, January 26 (AJP) - A national military is both a tool of power and the ultimate safeguard for a country's survival. Historically, military control has rested on a balance between two pillars: political oversight and the autonomy of a professional military organization. When these two elements are in balance, a military grows stronger. When only control remains and autonomy vanishes, the military ceases to be an army and becomes a political organ. What is currently unfol January 26, 2026

OPINION: Xi Jinping reshapes military power structure through high-level purges SEOUL, January 26 (AJP) - Reports from Beijing on January 24 regarding the Chinese military indicate more than a routine personnel reshuffle. The announcements signal a profound realignment of the power structure within the Chinese Communist Party. The initiation of investigations into Zhang You-xia, vice chairman of the Central Military Commission (CMC), and Liu Zhen-li, chief of the Joint Staff Department, for "serious violations of discipline and law" targets two pill January 26, 2026