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Former South Korean Land Minister Won Hee-ryong appeared before a special counsel team for questioning over allegations he altered an expressway route to benefit former first lady Kim Keon Hee's family. He denied wrongdoing. The project was scrapped in July 2023 after controversy.
South Korea's ruling Democratic Party has shortlisted three candidates for its leadership race: former Prime Minister Kim Min-seok and two former party leaders, Jung Chung-rae and Song Young-gil. The party plans to hold its national convention on Aug. 17 to elect a new leader, who will oversee nominations for the 2028 parliamentary elections.
Eight officials from a U.S. House Appropriations subcommittee toured South Korean shipyards earlier this month, inspecting warship capabilities at Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. The visit comes amid White House efforts to authorize foreign shipbuilding for the U.S. Navy, despite a long-standing ban on foreign construction of U.S. military vessels.
South Korean prosecutors and police raided the National Election Commission headquarters on Thursday amid an investigation into ballot shortages during the June 3 local elections. The task force said it found evidence that some employees manipulated statistics to cover up errors in voter turnout rates.
South Korean stocks opened higher Thursday, led by a tech rally boosted by Alphabet's better-than-expected earnings. The KOSPI climbed over 3 percent in early trading, while the Korean won strengthened against the U.S. dollar. U.S. stocks had closed lower amid Middle East tensions.
South Korea's economy expanded 0.6% in the second quarter, beating the Bank of Korea's forecast, driven by robust exports and steady domestic demand. Analysts see sustained momentum, while expectations grow for a possible rate hike. Real gross domestic income surged 15.6% on-year, the highest in decades.
Samsung Electronics introduced three new Galaxy Z foldable smartphones at its Unpacked event in London, featuring the first 'Ultra' model in the foldable lineup and deeper integration with Google's Gemini AI. The company's co-CEO expressed confidence in its technology ahead of an expected Apple foldable iPhone, while also addressing pricing strategy for the South Korean market.
South Korean President Lee Jae Myung will depart Friday for a five-nation trip starting in San Francisco, where he will meet with tech leaders including OpenAI's Sam Altman and Nvidia's Jensen Huang, and issue a 'San Francisco AI declaration.' He will then visit Brazil, Chile, and Argentina for summits, and conclude in Germany before returning Aug. 3.
South Korea's ruling and opposition parties agreed to pass a special counsel bill to investigate ballot shortages in the June 3 elections, but remain divided over when to conduct a public recount. The ruling Democratic Party calls for an immediate recount, while the People Power Party wants to wait for the special counsel's findings.
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.
Seoul stocks ended higher for a second straight session on July 22, with the KOSPI gaining 0.74 percent on an extended chip rally ahead of U.S. big tech earnings. The index then surged 4.4 percent to 7,096.89 on July 23 after Alphabet's results, powered by foreign buying of semiconductor shares and expectations of sustained memory chip demand.
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.
Seoul Mayor Oh Se-hoon was sentenced to a 10 million-won fine for accepting illegal political funds linked to opinion polls before the 2021 mayoral by-election. The ruling, which Oh plans to appeal, could cost him his mayoral post if upheld.
South Korea's KOSPI closed up 4.4 percent on July 23 after Alphabet's stronger-than-expected second-quarter results lifted semiconductor shares. Foreign investors were net buyers for a fourth straight day, while the Korean won strengthened against the dollar.
South Korean stocks opened sharply higher on Wednesday, driven by a semiconductor rally and anticipation of big tech earnings. The KOSPI surged over 5% in early trading, with chipmakers Samsung Electronics and SK hynix leading gains.
GM Korea's labor union extended a partial strike this week as wage negotiations with management remained deadlocked, demanding higher base pay and performance bonuses. After 17 rounds of talks, a tentative agreement was reached on Wednesday, including a monthly wage hike and bonus package, with a union vote scheduled for next week.
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.
A South Korean court on Tuesday denied an arrest warrant for a woman accused of blocking a Seoul vote counting center for about two hours on June 16, citing no risk of flight or evidence destruction. The woman was referred to the prosecution without detention on charges of obstruction of business, while four men also appeared for hearings related to protests at Olympic Park.
A data breach at the Korea National Diplomatic Academy's online education system exposed personal information of about 10,000 current and former diplomats and other officials. The attackers maintained access for nearly 10 months before the ministry shut the system down in February 2026. An investigation is ongoing, and the ministry plans to change diplomats' email addresses to prevent misuse.
Seoul stocks snapped a two-day losing streak, closing up 3.56% as investors bought tech heavyweights. The Korean won strengthened, and market breadth was positive. Analysts cited bargain hunting in semiconductors and a bullish outlook from global investment banks.