New physician shortage forecast shows Korea's medical standoff remains unresolved SEOUL, December 31 (AJP) -South Korea could face a shortage of up to about 11,000 doctors by 2040, according to a new government-backed projection, underscoring brewing healthcare crisis rooted in delayed medical reform after a year-long fallout from mass walkouts by doctors. The estimate was released Tuesday by the physician workforce supply-and-demand projection committee, an independent body under the Ministry of Health and Welfare. The panel projected that physician demand will December 31, 2025

Public bike stations close ahead of New Year's Eve bell-ringing ceremony SEOUL, December 30 (AJP) - The Seoul Metropolitan Government will temporarily close 16 public bike rental stations near Bosingak Pavilion from 7 p.m. on December 30 to 8 a.m. on January 1 in preparation for large crowds expected at the New Year's Eve bell-ringing ceremony. The measure aims to ensure public safety and prevent accidents as thousands gather for the traditional event. The bell-ringing ceremony, held at midnight on January 1, marks the end of the year and welcomes December 30, 2025

IPO pipeline packed for KOSDAQ, KOSPI candidates stay on hold 2025 SEOUL, December 30 (AJP) - South Korea’s initial public offering market staged a belated rebound in the second half of the year, as the KOSPI’s surge past the 4,000 mark revived investor appetite and unleashed a rush of new listings — particularly on the tech-heavy KOSDAQ. A total of 77 companies went public this year, including seven on the KOSPI and 70 on the KOSDAQ. Companies raised a combined 4.56 trillion won ($3.15 billion), up 14.9 percent from a year earlie December 30, 2025

State creditor bank demands more aggressive output cut from Korean naphtha makers SEOUL, December 30 (AJP) -The government is intensifying pressure on South Korea's major petrochemical producers to further reduce naphtha cracking capacity during the prolonged industrial slump, demanding more aggressive streamlining from Hanwha, DL and Lotte tenants of Yeocheon complex, industry sources said. According to the sources on Tuesday, Lee Bong-hee, executive vice president and head of corporate finance at the Korea Development Bank (KDB), visited Yeocheon NCC on December 30, 2025

Asian stocks end 2025 quietly as Korean chipmakers steal the spotlight SEOUL, December 30 (AJP) - Asian equities wrapped up the final trading session of 2025 mostly flat on Tuesday, while South Korean semiconductor shares closed the year in celebratory fashion, hitting fresh all-time highs. Korea’s benchmark KOSPI slipped 0.15 percent to finish at 4,214.17. Despite the modest pullback, the index logged a surge of more than 75 percent from the final trading day of last year — the strongest annual performance among major Asian stock markets December 30, 2025

PHOTOS:KOSPI tops 2025 performance SEOUL, December 30 (AJP) - South Korea’s stock market wrapped up the year on a strong note despite a slight pullback on the final trading day. On Monday, the benchmark KOSPI closed at 4,214.17, down 6.39 points, or 0.15 percent, from the previous session. The tech-heavy KOSDAQ ended at 925.47, down 7.12 points, or 0.76 percent. For the full year, the KOSPI and KOSDAQ jumped roughly 75 percent and 36 percent, respectively, marking significant annual gains. In the afterno December 30, 2025

KOSPI posts world's fastest gains in 2025, but capital outflows cloud celebration SEOUL, December 30 (AJP) - South Korea emerged as the world’s best-performing equity market in 2025, with its benchmark KOSPI surging nearly 76 percent over the year. Yet the historic rally came with a paradox: while stock prices soared to record highs, outbound investment overwhelmed domestic buying, leaving the won among the weakest currencies in the region. The KOSPI closed at 4,214.17 on Dec. 30, the final trading day of the year, nearly doubling from 2,399.49 at the end December 30, 2025

Lee to visit China for summit with Xi Jinping next week SEOUL, December 30 (AJP) - President Lee Jae Myung will embark on a four-day trip to China early next week for a summit with Chinese President Xi Jinping. At a press briefing at Cheong Wa Dae on Tuesday, presidential spokesperson Kang Yu-jung said Lee is scheduled to depart for Beijing on Sunday for the summit, then travel to Shanghai before returning home on Wednesday. The meeting will be the two leaders' second since their first meeting on the sidelines of the Asia-Pacific December 30, 2025

2025 K-pop: between global success and internal strain SEOUL, December 30 (AJP) - The K-pop industry in 2025 stood at a crossroads, marked by record-setting global achievements alongside growing structural challenges at home. From the global success of Netflix's animated series "KPop Demon Hunters" to Rosé's "APT." topping the Billboard charts — and from the NewJeans dispute to a shrinking album market — K-pop experienced a year of both expansion and strain. 'KPop Demon Hunte December 30, 2025

New senior post in charge of AI created at Defense Ministry SEOUL, December 30 (AJP) - A deputy minister-level post in charge of artificial intelligence (AI)-related affairs has been created within the Ministry of Defense to accelerate the military's technological modernization. Approved at a Cabinet meeting on Tuesday and set to take effect later this week, the new post will spearhead the military's adoption of cutting-edge technologies while overseeing key areas where AI is needed, including logistics, information, and the procur December 30, 2025