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President Lee Jae Myung said South Korea faces one of its biggest challenges in stabilizing the real estate market and cited Japan’s 1990s collapse as a caution. Speaking at a televised public discussion, he said there is broad consensus on raising property holding taxes as the government prepares revisions aimed at cooling soaring home prices.
Japan's parliament has enacted a law criminalizing the desecration of the national flag, part of Prime Minister Sanae Takaichi's conservative agenda. Critics say the law threatens free speech, while two opinion polls suggest public support for Takaichi is fraying due to her focus on conservative causes rather than cost-of-living issues.
China's foreign ministry has called on Australia to stop 'exaggerating tensions' after Foreign Minister Penny Wong voiced concerns over Chinese missile testing and recent clashes in the South China Sea. The exchange comes amid heightened regional diplomacy in Manila, with ASEAN ministers seeking progress on a code of conduct.
India has approved a $13.2 billion semiconductor program, Semicon 2.0, aiming to build a domestic chip ecosystem and a market worth up to $110 billion by 2030. With over 90% of advanced chips made in Taiwan, global supply chain concerns are driving countries to boost local production. India's strengths in design and its new investment plan are central to its ambitions, though manufacturing remains a challenge.
Japan's Foreign Ministry plans to resume sending students to Russia for the first time in seven years, with 15 students to study Russian in St. Petersburg this August. The move comes despite ongoing difficulties in bilateral relations and Tokyo's continued sanctions policy toward Moscow.
Two Saudi crude tankers have reversed course in the Red Sea after Houthi threats, raising fears of a second maritime chokepoint disruption for Asian buyers already affected by Strait of Hormuz tensions. Analysts warn a full closure could disrupt 7.4 million barrels per day, leaving the Suez Canal as a longer, costlier alternative.
US Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi met in Manila on the sidelines of Asean meetings, discussing Xi Jinping's planned US visit and the South China Sea dispute. Rubio also warned about Iran's threat to freedom of navigation and met with Quad partners.
Top diplomats from South Korea, the U.S., and Japan met in Manila on Wednesday, reaffirming close coordination on North Korea policy and committing to a robust deterrence posture. The three ministers also discussed economic security cooperation and agreed to deepen practical collaboration on nuclear energy, critical minerals, and emerging technologies.
Japan has recorded its first officially designated 'kokushobi' or 'cruelly hot day', with temperatures in three central cities exceeding 40C. The heatwave has led to hospitalisations and deaths, with authorities issuing heatstroke alerts across more than 40 prefectures.
The LG Twins have signed veteran MLB pitcher Carlos Carrasco for the remainder of the KBO season, a day after releasing setup man Yacksel Rios. Carrasco, a former Cy Young contender, brings 17 years of MLB experience to the defending champions.
Foreign ministers of South Korea, the U.S., and Japan met in Manila on Wednesday to discuss trilateral security and economic cooperation and coordinate on North Korea amid its deepening ties with Russia and China. The meeting took place on the sidelines of ASEAN-related gatherings, with separate bilateral talks between Seoul and Washington covering pending alliance issues, including Coupang and nuclear energy cooperation.
Japan imported about 1.53 million barrels of Russian oil in May and June at an average price of $103 per barrel, according to data from Japan's Ministry of Finance reported by TASS. Overall trade between the two countries increased by 15% in the first half of 2026, with notable growth in coal, iron, steel, and medical product imports from Russia.
US Trade Representative Jamieson Greer has hinted at fresh tariffs targeting 60 trading partners over forced labor concerns, as President Donald Trump's temporary global duties expire on Friday. The White House has also announced new tariffs on Brazilian and Canadian goods, and a 100% duty on imported generic drugs.
Moonshot AI's release of the open-weight Kimi K3 model has narrowed China's AI gap with the US to weeks, sparking global debate. The model's performance and cost-effectiveness are reshaping perceptions, while Beijing advocates for global AI governance.
South Korea's foreign ministry has responded to Russia's concerns over deepening military cooperation with NATO, saying the partnership aims to strengthen both sides' contributions to international peace and stability. Meanwhile, North Korea condemned NATO's fuel network overhaul plan as an unprecedented preparation for war.
ASEAN foreign ministers gathered in Manila to address regional security issues, overshadowed by renewed fighting between the US and Iran. The conflict has disrupted energy supplies through the Strait of Hormuz, prompting the Philippines to declare a national energy emergency. The bloc called for a ceasefire and discussed Myanmar, South China Sea tensions, and energy security.
Japan's Parliament has passed the first major revision to imperial succession laws, permitting male members of former royal branches to be adopted into the family while retaining male-only accession to the throne. The changes aim to secure the lineage as eligible heirs dwindle, though opinion polls indicate substantial public support for allowing female emperors.
South Korean Foreign Minister Cho Hyun will meet with U.S. Secretary of State Marco Rubio and Japanese Foreign Minister Toshimitsu Motegi in Manila this week to discuss North Korea, trilateral security, economic cooperation, and the Middle East crisis. The meeting follows earlier talks on the sidelines of the NATO summit, where the ministers reaffirmed their commitment to denuclearization and signed a memorandum on small modular reactors.
ABC iview's Race Around the World enters its eighth week as six filmmakers race across the globe to produce weekly documentaries. Contestants have shared personal stories of moral dilemmas, creative burnout, and the relentless pace of the competition.
Russian Deputy Foreign Minister Andrey Rudenko said that Japan must take the first step by abandoning its 'hostile' policy if it wants to resume cooperation. The remarks come amid ongoing tensions and continued sanctions, while Japanese officials express openness to dialogue without concrete plans.