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South Korea's retail investors, known as 'ants', are grappling with severe losses after the Kospi's dramatic decline, sparked by the introduction of single-stock leveraged ETFs. The market turmoil has hurt President Lee Jae Myung's government and raised questions about regulatory oversight.
South Korea has launched its first commercial container ship voyage through the Arctic, testing the route's viability as Middle East conflict disrupts traditional shipping lanes. The PanStar Acro, carrying 837 TEUs of cargo, is expected to take about 45 days to reach European ports, but the trip has sparked environmental and geopolitical concerns, including potential friction with Western allies over Russia's role.
The United States and South Korea have agreed to end their annual Ulchi Freedom Shield exercise about a week early, following President Trump's order to scale back the drills. North Korea's Kim Yo-jong dismissed the reduction as insignificant, while political reactions in Seoul have deepened domestic divisions and tensions with Pyongyang.
The Ulchi Freedom Shield exercise between the US and South Korea ended six days early on Friday after President Trump ordered a substantial reduction, citing cost and the message it sent to North Korea. The move, seen as a conciliatory gesture, drew a cool response from Pyongyang and raised concerns among experts about defense readiness.
Chinese Foreign Minister Wang Yi arrived in Seoul for talks with South Korean Foreign Minister Cho Hyun, calling on the US to change its 'hostile policy' toward North Korea. The visit follows President Lee Jae Myung's proposal for multiparty talks to formally end the Korean War.
President Donald Trump’s public acknowledgment of North Korea’s nuclear arsenal and his order to reduce joint military exercises with South Korea have sparked concerns about alliance cohesion and denuclearization commitments. Analysts warn that transactional diplomacy and a perceived shift in US policy could undermine regional stability and play into China’s preferences.
Chinese Foreign Minister Wang Yi will make a two-day visit to South Korea starting Wednesday, meeting with Foreign Minister Cho Hyun and President Lee Jae Myung. The trip follows President Lee's proposal for multiparty talks to end the Korean War.
US President Donald Trump announced plans to meet North Korean leader Kim Jong-un later this year, citing their personal rapport and Pyongyang's 57 nuclear weapons. The announcement follows his decision to scale back joint military drills with South Korea, drawing mixed reactions from Seoul, Pyongyang, and US lawmakers.
Former Prime Minister Kim Min-seok won the Democratic Party's leadership election on Aug. 17, defeating Rep. Jung Chung-rae. He pledged close cooperation with President Lee Jae Myung and announced a new party news platform, DPK TV, which some see as a challenge to influential YouTuber Kim Ou-joon.
The United States has cancelled the Ssangyong amphibious landing exercise with South Korea, citing constraints on US forces due to the war in Iran. The move follows President Trump's order to scale back the separate Ulchi Freedom Shield exercise, raising questions about alliance reliability and prompting concerns in Seoul.
President Trump has ordered a substantial reduction in joint US-South Korea military exercises, citing his 'very good relationship' with North Korean leader Kim Jong Un. South Korea's defence ministry said the drills would proceed as scheduled, while a Republican lawmaker expressed hope the curtailment is temporary.
South Korea's government has announced a plan to supply over 230,000 additional homes in the Seoul metropolitan area to stabilize housing prices. The plan includes new housing districts and support for private developers, but has sparked a political standoff over the potential use of Yongsan Park, with Seoul's mayor vowing to block any development on the site.