Korea's household wealth skewed to property, undermining capital markets: report

SEOUL, December 08 (AJP) - South Korean household wealth remains heavily concentrated in real estate, leaving the country structurally behind major advanced economies in financial investment and capital-market participation, according to a report released Monday by the Korea Economic Research Institute (KERI). The study, authored by Professor Song Heon-jae of the University of Seoul, found that non-financial assets — largely residential and commercial property — acco

December 8, 2025

SingCham Korea hosts year-end celebration marking 50 years of Singapore–South Korea ties

SEOUL, December 07 (AJP) - SingCham Korea brought together about 150 guests on December 5 for its year-end celebration, "The Golden Ticket," held at Floating Island's Vista Hall in Seoul. The event gathered members of the Singaporean community, South Korean partners, business leaders, and diplomats to mark the close of the year and the 50th anniversary of diplomatic relations between Singapore and South Korea. The evening opened with welcome remarks from SingCham Kor

December 7, 2025

Experts point to trust and perception as key hurdles in South Korea–China relations

SEOUL, December 07 (AJP) - A media forum held in Seoul on December 5 brought together senior officials, diplomats, and scholars to assess the direction of South Korea–China relations following the recent summit between the two leaders. Participants broadly agreed that the biggest bottlenecks in bilateral ties are declining trust and widening perception gaps, compounded by intensifying U.S.–China competition. The event, titled "Future Outlook of Bilateral Relations

December 7, 2025

Seoul presidential office moving back to Blue House by X-mas

SEOUL, December 07 (AJP) - The presidential office in Seoul will return to the Blue House by Christmas while readying a stronger national data-protection measures and a renewed push for dialogue with North Korea as the Lee Jae Myung administration moves beyond the phase of "a stabilization of diplomacy, security and governance" in the first six months after a snap election and presidential impeachment. The move out from Yongsan premise will be "essentially finished

December 7, 2025

BTS's RM confesses thinking of disbanding group "thousands of times"

SEOUL, December 07 (AJP) - BTS leader RM confessed he had repeatedly questioned whether the K-pop superstar group should disband or suspend its activities altogether, despite the seven members all having finished their military service by June this year, implying deep internal pressure and a series of undisclosed circumstances that prevented the group from returning sooner. During a Weverse live session on Saturday, RM directly addressed fans wondering about the group’s lon

December 7, 2025

Coupang issues follow-up notice on data breach, warns against secondary damage

SEOUL, December 07 (AJP) - Coupang said on Sunday that there have been no additional personal data breaches linked to the earlier incident, while urging customers to remain cautious to prevent potential secondary damage such as phishing or impersonation scams. In a follow-up notice sent to users, the e-commerce platform said the update was intended to reinforce precautionary guidance related to a data breach first announced on Nov. 29, stressing that the message does not indicate

December 7, 2025

President Lee nominates Kim Ho-chul as auditor general

SEOUL, December 07 (AJP) - President Lee Jae Myung has nominated Kim Ho-chul, a veteran human rights lawyer, as auditor general of South Korea’s Board of Audit and Inspection, the presidential office said on Sunday. The nomination was announced by presidential spokesperson Lee Kyu-yeon during a briefing at the presidential office in Seoul. Kim has held a range of senior public and civic posts, including serving as a standing member of a military death investigation pane

December 7, 2025

Traditional Korean liquor sales surge at convenience stores as young consumers embrace local brands

SEOUL, December 07 (AJP) - Traditional Korean liquor from small regional breweries is gaining popularity at convenience stores, with sales jumping more than five-fold as trendy products attract younger consumers beyond the traditional middle-aged demographic. GS25, a major convenience store chain, said sales of traditional liquor from small breweries through its Wine25Plus online platform surged 5.4 times in the first 11 months of this year compared to the same period last year. O

December 7, 2025

When will South Korea get off the treadmill?

Samsung, SK, Hyundai Motor and LG aren’t just South Korean brands anymore; they’re global fixtures, as ubiquitous as fast Wi-Fi and K-dramas on long-haul flights. There are few corners of the world where someone hasn’t heard of South Korea. In cultural visibility, the last decade has felt as dizzying as the old Han River Miracle — a second, soft-power-driven version. The artificial intelligence boom literally cannot operate without Korean memory chips. K-po

December 6, 2025

In the World Cup and the market, the ultimate winner is the one who manages uncertainty

The group draw for the 2026 FIFA World Cup in North and Central America has presented the Korean national team with a formidable challenge. Facing Mexico, South Africa, and the winner of the European playoffs (Denmark, Czech Republic, Ireland, or North Macedonia) is difficult enough, but the real variable in this group is the environment. The fact that all matches will be played in Mexico becomes an opponent in itself. High altitude, temperature fluctuations, and humidity e

December 6, 2025