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Sales of cultural merchandise from South Korea's national museums exceeded 20 billion won for the first time in the first half of the year, driven by global interest in Korean culture. The National Museum of Korea also drew a record number of visitors, ranking as the world's third most-visited museum in 2025.
South Korea's customs agency detected a record 770.3 billion won in trade security violations in the first five months of the year, including false labeling and unauthorized strategic exports. Separately, the finance ministry reported 2.4 trillion won in illegal foreign exchange transactions, referring 84 cases to prosecutors.
The Detroit Tigers have traded South Korean reliever Go Woo-suk to the Minnesota Twins, leading to his MLB debut. Go, who previously starred in the KBO, has struggled in his early appearances, posting a 9.00 ERA.
K-pop group Ateez reached No. 1 on the U.S. Billboard 200 with 'Golden Hour: Part. 5,' its third chart-topper, after earning 228,000 equivalent album units. The album also set the group's first-week sales record in South Korea with over 1.88 million copies sold.
South Korea announced plans to launch a new fund dedicated to securing future growth engines using additional tax revenue from the booming semiconductor industry. The fund will support major initiatives in semiconductors, AI, and data centers, and aims to address economic polarization and youth employment.
President Donald Trump celebrated America's 250th anniversary with a speech on the National Mall, highlighting the nation's achievements and potential while acknowledging challenges abroad and at home. Meanwhile, South Korean President Lee Jae Myung congratulated the U.S., calling South Korea a 'precious partner' and emphasizing the alliance's future cooperation.
South Korea successfully launched its fourth next-generation medium-sized Earth observation satellite aboard a SpaceX Falcon 9 rocket from Vandenberg Space Force Base. The satellite, equipped with a homegrown camera, entered low-Earth orbit and is expected to begin full-scale service in the first half of 2027.
Police in South Korea are searching for an individual who posted an online message claiming a bomb had been planted at Gwangju Jeil High School. The threat appears linked to a controversy over trash talk by baseball players from Pai Chai High School. Authorities searched the school and found no explosive device.
Kim Jong-un oversaw tests of strategic cruise missiles and other weapons from the new 5,000-ton destroyer Kang Kon, ordering its commissioning within two months. The South Korean military detected the launches toward the East Sea, while analysts suggest the missiles are of the Hwasal series.
North Korean leader Kim Jong-un has overseen tests of a strategic cruise missile and other weapons from a newly built 5,000-ton destroyer, ordering its commissioning within two months. State media also reported plans for a rapid naval buildup, including two large surface combatants each year.
The South Korean won strengthened against the U.S. dollar on Friday, supported by weaker-than-expected U.S. employment growth and a firmer Japanese currency. The won closed at 1,525.6 per dollar, its strongest level since mid-June, while Seoul's main stock index surged nearly 6 percent.
South Korea's presidential office has denied a U.S. House Judiciary Committee report accusing the country of discriminatory treatment of Coupang. National Security Adviser Wi Sung-lac said the investigation is conducted without discrimination, while parliament and the foreign ministry also expressed regret over the report.
South Korean stocks surged nearly 6 percent on Friday as investors bought beaten-down semiconductor shares, rebounding from a sharp sell-off the previous day. The KOSPI closed at 8,088.34, up 440.25 points, while the Korean won strengthened against the dollar. The rally was supported by reports of Anthropic's talks with Samsung Electronics on a custom AI chip.
Actor Kim Min-ha discusses her role in the Danish-Korean film 'Hana Korea,' which portrays the lives of North Korean defectors in South Korea. The film, based on true stories and interviews, premiered at the Busan International Film Festival and is set for release on July 8.
South Korea's space agency has unveiled plans to build a low-Earth orbit satellite communications network by 2035, comprising hundreds of satellites, and to advance the country's first lunar landing to 2030. The strategy, approved by the National Space Council, aims to strengthen domestic space capabilities and position Seoul for the 6G era.
Hyundai Motor Group announced plans to invest 42 trillion won over the next decade to establish next-generation mobility and physical AI hubs in southeastern South Korea, with Vice Chairman Jang Jae-hoon presenting the roadmap at a briefing in Jinju. The broader initiative sees major conglomerates pledging a combined 312 trillion won for cutting-edge industries across the region, as reported by Yonhap.
South Korea's Ministry of Culture, Sports and Tourism has launched the K-Football Innovation Committee to reform the sport following the national team's World Cup group-stage exit. Former captain Park Ji-sung co-chairs the committee, which has already moved to overhaul the KFA presidential election process amid criticism over transparency.
South Korean President Lee Jae Myung is scheduled to attend the NATO summit in Ankara before making a state visit to Mongolia, where he will hold a summit with President Ukhnaagiin Khurelsukh. The visit marks the first by a South Korean president to Mongolia in 15 years, with Lee also expected to participate in a business forum and the Naadam Festival.
South Korea's bourse operator has repeatedly activated a buy-side sidecar for the KOSPI as the index surged on tech and semiconductor gains. The mechanism suspends program trading for five minutes when the KOSPI 200 Futures index rises 5% or more for at least one minute.
South Korea's government is implementing financial support measures for workers and partner companies of Homeplus after the Seoul Bankruptcy Court terminated the retailer's rehabilitation proceedings, including substitute wage payments, low-interest loans, and liquidity support for small merchants.