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South Korea's foreign currency deposits increased for the third consecutive month in June, driven by higher dollar savings, according to central bank data. U.S. dollar deposits rose while euro and yen deposits fell. Separately, the country's money supply grew at the fastest pace in nine months in May.
South Korean President Lee Jae Myung has instructed officials to maintain fuel price caps amid renewed Middle East conflict pushing global oil prices to around $100 per barrel. He also highlighted AI partnerships from his San Francisco visit, including a $750 billion semiconductor deal with Nvidia, and addressed illegal fishing and critical mineral supply chain management.
A ceremony unveiling a commemorative plaque honoring North Korean soldiers who fought alongside Russian troops in Ukraine took place last week at a Moscow-region memorial site, according to state media. Separate reports detail North Korean commendations for artists behind a memorial museum for fallen soldiers, with troop deployment estimates varying across reports.
South Korea's National Election Commission has acknowledged more than 3,600 votes were temporarily omitted from turnout data during June's local elections, and separate records show dozens of corrections nationwide. The revelations have prompted a lawmaker to refer the data to investigators, while a joint prosecution-police team examines possible manipulation by election officials.
A Seoul court has convicted former South Korean President Yoon Suk Yeol of making false statements during the 2022 presidential campaign, sentencing him to 18 months in prison, suspended for three years. The ruling could force his party, the People Power Party, to return nearly 40 billion won in campaign reimbursements. Yoon's lawyers have filed an appeal.
Kim Yo-jong, the sister of North Korean leader Kim Jong-un, has denounced the ASEAN Regional Forum's call for denuclearization, stating that North Korea's status as a nuclear state is final and irreversible. She vowed to continuously update the country's nuclear capability, while analysts suggest the rebuke signals ASEAN's waning relevance to Pyongyang.
South Korean President Lee Jae Myung arrived in Brazil on Sunday for a summit with President Luiz Inacio Lula da Silva and a business roundtable, part of a three-nation South America tour. The tour concluded in Argentina, where Lee and President Javier Milei signed an MOU to strengthen cooperation on critical minerals, including lithium, and agreed to resume free trade negotiations with Mercosur.
Ukrainian President Volodymyr Zelenskyy has said Russia is preparing to receive an additional 30,000 North Korean troops and more ballistic missile launchers for its war against Ukraine. South Korea's foreign ministry says it is closely monitoring the situation, while North Korea's Foreign Minister recently visited Moscow.
Jenny Shin clinched her first LPGA title in a decade at the ISPS Handa Women's Scottish Open, defeating Kim A-lim by two strokes. The 33-year-old South Korean led wire-to-wire, marking a career milestone and becoming the fourth South Korean winner on tour this year.
South Korea's weather agency issued its highest-level heat wave warnings for Daegu and other southeastern areas as temperatures soared above 38°C. The warnings cover 17 regions, with officials reporting rising heat-related illnesses and livestock losses.
South Korean international Lee Kang-in has signed a five-year contract with Atletico Madrid, moving from Paris Saint-Germain. The transfer fee is undisclosed, with reports ranging from 35 to 40 million euros. Lee will aim to fill the creative void left by Antoine Griezmann's departure to the MLS.
The UNESCO World Heritage Committee has expanded the boundaries of South Korea's 'getbol' tidal flats, adding four new coastal wetlands in Seosan, Goheung, Muan, and Yeosu. The decision, made at the committee's 48th annual meeting in Busan, brings the total number of South Korean UNESCO World Heritage sites to 17.
Naver Corp. has agreed to a strategic partnership with Nvidia Corp. and received a combined $10 billion investment commitment from Nvidia and Brookfield to build a global AI data center. The project aims to expand Naver's existing facility to 200 megawatts by 2028 and provide production-scale computing capacity for South Korean and U.S. AI developers.
President Lee Jae Myung declared a vision to position South Korea as a trustworthy production base and supply partner for AI semiconductors, unveiling the 'San Francisco AI Declaration' at a high-level meeting with global tech leaders. The meeting also saw agreements for $950 billion in cooperation projects, including a landmark SK Group semiconductor supply deal, and a separate MOU between South Korea's science ministry and AMD.
President Lee Jae Myung met with Nvidia CEO Jensen Huang in San Francisco, where Huang announced a US$500 billion business partnership with SK Group, plans to jointly develop a self-driving Genesis sedan with Hyundai Motor Group, and a large-scale investment in Naver. The meetings are part of Lee's trip to promote AI cooperation between South Korea and global tech firms.
South Korea's veterans ministry announced plans to identify and honor more independence activists, award over 600 previously unrecognized patriots, and launch a special bill for the 2029 Invictus Games in Daejeon. Minister Kwon Oh-eul also highlighted expanded compensation for surviving spouses and descendants of veterans and activists.
South Korea has returned a pair of Qing dynasty stone lion statues to China at a ceremony in Seoul, marking a milestone in cultural exchange and a step toward repairing strained bilateral ties. The statues, purchased in the 1930s, will be displayed at a Chinese national museum after restoration.
South Korea's ruling Democratic Party has adopted as official party line a revision to the Criminal Procedure Act that would abolish prosecutors' authority to conduct direct and supplementary investigations. Justice Minister Jung Sung-ho offered his resignation amid the push, while President Lee Jae Myung is expected not to veto the bill.
A joint police-prosecution team investigating Shincheonji Church has widened its probe after evidence emerged that followers may have been forced to join the ruling Democratic Party, in addition to the opposition party. The team secured a statement in March from former members indicating they were urged to join both parties, but initially focused only on the People Power Party.
Seoul stocks fell nearly 6% on Friday, ending a three-day winning streak amid escalating Middle East tensions. The KOSPI dropped 406.27 points, triggering a temporary halt in program trading, while the won strengthened and bond prices closed lower.