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Kim Jong Un said North Korea will exercise its position as a nuclear state to cope with global security challenges, blaming the US for worsening conflicts. He also ordered buildup of conventional weapons and construction of a 10,000-ton strategic guided missile cruiser.
Samsung Electronics announced that sales of its sixth-generation HBM4 memory chips have surpassed $1 billion, just four months after mass production began. Industry sources project revenue to exceed $1.2 billion by end of June, with annual sales expected to top $10 billion in 2026.
South Korean golfers aim to end a major drought at the richest tournament in women's golf history, while negotiations to co-sanction the BMW Ladies Championship with the KLPGA have collapsed over player quota disagreements.
South Korea's consumer sentiment improved for the second consecutive month in June, driven by strong exports and a stock market rally, according to the Bank of Korea. However, business sentiment declined for the first time in three months, weighed down by sluggish construction and travel sectors.
South Korea's Seoul Central District Court sentenced former Justice Minister Park Sung-jae to 25 years in prison for his role in ex-President Yoon Suk Yeol's brief 2024 martial law declaration. Park was convicted of playing a key role in an insurrection and abusing power; he has appealed the ruling.
The head of South Korea's bourse operator, Korea Exchange, said the current concentration in semiconductors is a natural result of supply and demand, while noting the government is working to ease market fluctuations. He also outlined plans to restructure the KOSDAQ market to boost fairness and transparency, as the tech-heavy index celebrates its 30th anniversary.
South Korea's Tom Kim carded an even 70 in the final round to finish third at the U.S. Open on Sunday, his best career finish at the major, which boosted his world ranking from 141st to 64th.
Seoul shares closed at a fresh all-time high Monday, driven by a semiconductor rally and signs of progress in U.S.-Iran talks. The KOSPI added 62.13 points, or 0.69 percent, to reach 9,114.55, while SK hynix surged to surpass Samsung Electronics in market cap for the first time.
SK hynix has surpassed Samsung Electronics in market capitalization for the first time, driven by surging demand for AI memory chips. The milestone marks the end of Samsung's 25-year reign as the top company on South Korea's main stock index.
Ukrainian Foreign Minister Andrii Sybiha is set to visit South Korea next week for talks with Foreign Minister Cho Hyun, focusing on bilateral cooperation and the fate of two North Korean soldiers captured by Ukrainian forces. This marks the first such visit since 2015, with expectations of progress on the POW issue.
Following a data leak affecting 5,000 applicants to South Korea's 'Startup for All' program, the government has announced trade secret certification services and launched a police investigation. Prime Minister nominee Han Seong-sook has apologized, while President Lee Jae Myung has called for severe consequences for security violations.
South Korean police and prosecutors are widening their probe into ballot paper shortages that disrupted the June 3 local elections, with officials set to be questioned and raids conducted. The National Election Commission faces mounting criticism, an impending financial audit, and protests demanding a re-run.
A Realmeter poll reported by Yonhap News Agency shows President Lee Jae Myung's disapproval rating surpassing his approval rating for the first time since he took office, with approval falling to 46.7 percent and disapproval to 49.7 percent. A week later, approval fell further to 46.5 percent while disapproval declined slightly to 49.5 percent, with the decline attributed to ballot mishandling controversies and economic concerns.
South Korea's exports in the first 20 days of June jumped 60.4% year-on-year to a record $62 billion, driven by strong semiconductor shipments amid the global AI boom. Imports rose 23.2%, yielding a trade surplus of $17 billion.
Starbucks Korea will close all its stores early on June 22 for mandatory history and sensitivity training following a controversial 'Tank Day' promotion that evoked memories of the 1980 Gwangju uprising. Shinsegae Group Chairman Chung Yong-jin will also undergo the training, as police question an executive over the incident.
Protests demanding a rerun of South Korea's June 3 local elections, marred by ballot paper shortages, have continued for over two weeks. The demonstrations, which began June 5, have drawn thousands to the Olympic Park area, with authorities urging participants to refrain from illegal acts while a joint police-prosecutor probe into the shortages continues.
South Korean President Lee Jae Myung has appointed new senior presidential secretaries for communication and civil affairs, along with other key aides, as part of a reshuffle entering his second year in office. The appointments include veteran journalist Seong Ghi-hong and former prosecutor Han Chan-sik, with expectations focused on prosecutorial reform.
South Korea's JoongAng Ilbo has applied for a creditor-led debt workout program as its parent group faces liquidity problems. The Seoul Bankruptcy Court approved autonomous restructuring support for broadcaster JTBC, temporarily halting its rehabilitation proceedings. Five group affiliates are undergoing court-led rehabilitation.
South Korea's unification ministry reaffirmed its commitment to a phased, viable denuclearization of the Korean Peninsula, responding to North Korea's latest rejection of nuclear disarmament. Unification Minister Chung Dong-young called for a paradigm shift toward a pragmatic, step-by-step process, with support from China.
South Korean President Lee Jae Myung said he told US President Donald Trump that the North Korean nuclear issue requires a different approach than other countries' nuclear problems, during the G7 summit in France. Lee also revealed he asked Pope Leo XIV to visit North Korea and the Demilitarized Zone, and proposed a phased approach to denuclearization.