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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.
Hyundai Motor's South Korean union and management have tentatively agreed on a wage deal featuring a monthly base pay increase, a large performance bonus, and a retirement-age extension, pending a union vote on Aug. 31. The agreement follows a series of strikes that disrupted production and caused significant losses.
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.
Chinese Foreign Minister Wang Yi arrived in Seoul on Wednesday for a two-day official visit, holding talks with his South Korean counterpart Cho Hyun and scheduled to meet President Lee Jae Myung and National Security Adviser Wi Sung-lac. The visit comes amid scaled-back U.S.-South Korean military drills and diplomatic efforts to engage North Korea.
Chinese Foreign Minister Wang Yi will make a two-day official visit to South Korea starting Wednesday at the invitation of his counterpart Cho Hyun. During talks, Wang said Beijing is 'actively considering' a leaders' summit at November's APEC meeting in Shenzhen.
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.
South Korea's KOSPI pared early gains late Tuesday morning as investors locked in profits amid fading hopes for a U.S.-Iran agreement. Tech stocks like Samsung Electronics and SK hynix led gains, while oil price concerns and global market cues weighed on sentiment.
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.
President Trump's call to 'substantially' reduce US-South Korea military exercises has unsettled Seoul, which must balance alliance fidelity with the president's overture to Kim Jong-un. While some see diplomatic potential, critics warn of a weakened deterrent and a return to 'Korea passing.'
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.
Russian President Vladimir Putin visited Iturup, one of the Kuril Islands disputed with Japan, prompting a strong protest from Tokyo and a sharp response from Moscow. The visit highlights the long-standing territorial dispute that has prevented a formal peace treaty between the two nations.
Stray Kids' new EP 'This & That' has debuted atop the Billboard 200, marking the group's ninth No. 1 album and tying the Rolling Stones for second-most among groups. The K-pop act also leads multiple charts, including Top Album Sales and Vinyl Albums, while Katseye's 'Wild' was reported separately to have claimed No. 1 in a later week.
President Donald Trump announced that the United States will reduce joint military exercises with South Korea, citing his relationship with North Korea's Kim Jong Un and Seoul's refusal to support US efforts in Iran. The annual Ulchi Freedom Shield drills were shortened from 11 days to five, drawing reactions from allies and analysts while North Korea dismissed the move as still provocative.
The US Treasury paid its highest borrowing costs in a quarter of a century at its latest 30-year bond auction, as investors demanded a heavy premium on long-term government debt over inflation and fiscal concerns. A Treasury plan to double bond buybacks gave markets a brief reprieve, but yields quickly climbed again. Stocks were mixed globally, while the White House pressed an economic campaign against Iran.
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.
South Korea's managed fiscal balance deficit narrowed to a three-year low in the January-June period, driven by stronger tax revenues. Tax collections rose significantly, with income and corporate taxes leading the gains, while government spending also increased. The central government's debt declined month-on-month.
South Korea's special counsel has indicted 58 people, including former President Yoon Suk Yeol, in a probe into his 2024 martial law declaration, corruption allegations, and a Marine's death. The investigation also resulted in charges against former security advisers and Yoon's wife.
The South Korean won edged higher against the U.S. dollar in recent trading sessions, supported by exporter dollar sales and falling oil prices, while traders remained cautious over U.S. inflation data and Middle East tensions. Foreign investors showed mixed activity in local stocks, with the KOSPI experiencing sharp fluctuations.
South Korea's privacy watchdog fined KT Corp. 53.9 billion won for a data breach affecting 16,647 users via unauthorized base stations. The company's Q2 net income fell 34.5% due to the fine, while its AI and cloud business grew 22.3%.
South Korean stocks opened higher on Wednesday, driven by gains in technology shares, despite overnight losses on Wall Street and fading optimism over a potential U.S.-Iran peace deal. The KOSPI traded up 2.35 percent in early trading, with Samsung Electronics leading gains.