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Nvidia CEO Jensen Huang met with SK Group Chairman Chey Tae-won in Taipei to discuss AI memory cooperation, with an upcoming South Korea visit expected to include meetings with major conglomerates and discussions on robotics and physical AI. Reports highlight South Korea's growing importance in Nvidia's supply chain and broader AI strategy.
Five people were killed and two injured in an explosion at a Hanwha Aerospace plant in Daejeon, South Korea. Defense officials have pledged technical assistance for the investigation and vowed to strengthen safety measures, as the cause of the blast remains under investigation.
South Korea's content industry exports reached a record $14.9 billion in 2025, with overseas tourist numbers and foreign credit card spending also hitting new highs. The government aims to expand the 'K-culture' market to 400 trillion won by 2030.
South Korea's consumer prices rose 3.1 percent in May from a year earlier, the fastest pace in 26 months, driven by a 24.2 percent jump in petroleum product prices amid the Middle East war. The government pledged to minimize the impact, while analysts note the war's effects have not yet spread broadly to other sectors.
President Lee Jae Myung has called for stern punishment for those spreading misinformation, citing police investigations into fake news about forced dollar sales and false claims about the 1980 Gwangju movement. He also urged the enactment of a law to eliminate statutes of limitations for state violence cases.
An explosion at a Hanwha Aerospace factory in Daejeon killed five workers and injured two. The company suspended operations at all its production facilities, police and government launched investigations, and an independent safety committee was formed.
South Korea's special counsel team has determined that former President Yoon Suk Yeol began preparing to declare martial law as early as late 2023, about a year before his December 2024 bid. The finding follows questioning of former Joint Chiefs of Staff Chairman Kim Myung-soo, who denies prior knowledge of the plan.
South Korean stocks closed at a fresh record high above the 8,800-point level on Tuesday, driven by continued optimism over artificial intelligence and strong gains in chipmakers. The KOSPI added 13.11 points to end at 8,801.49, while the local currency fell sharply against the U.S. dollar. The rally comes amid a global AI-driven surge that has also lifted Japan's Nikkei above 68,000 for the first time.
An explosion at a Hanwha Aerospace factory in Daejeon, South Korea, on June 1, 2026, killed five workers and injured two others. The blast triggered a fire that was extinguished, and authorities are investigating the cause. The CEO and plant head have been booked on suspicion of safety law violations, and the prime minister ordered full mobilization for rescue.
South Korea and representatives from 50 African countries convened in Seoul for the Korea-Africa Foreign Ministers' Meeting, agreeing to strengthen economic and strategic cooperation in supply chains and critical minerals. Bilateral talks and a business forum highlighted African nations' proposals for investment and governance partnerships.
At the Shangri-La Dialogue in Singapore, South Korean Defense Minister Ahn Gyu-back emphasized Seoul's push for stronger self-reliant defense capabilities alongside deepening its alliance with the United States. He also highlighted North Korea's closer alignment with Russia as a 'key variable' in global security and met with counterparts from the Philippines, Norway, and Japan to discuss defense cooperation.
As South Korea heads into June 3 local elections, the ruling Democratic Party and main opposition People Power Party are focusing their final campaigns on key battleground regions. The vote is widely seen as a test of President Lee Jae Myung's first year in office, with early voting turnout reaching a record 23.51 percent. A deadly explosion at a Hanwha Aerospace factory has prompted both parties to suspend or tone down campaign activities in the final days.
South Korean police have intensified their investigation into the collapse of the Seosomun Overpass in Seoul, which killed three people and injured three others. Raids have been conducted on the Seoul city government and contractors, and four engineering officials have been booked on suspicion of occupational negligence. The collapse occurred during a safety inspection after demolition work was halted due to structural concerns.
North Korea's spy chief Ri Chang-dae met with Russian Security Council Secretary Sergei Shoigu in Moscow, discussing bilateral security and intelligence cooperation. The meeting comes as Pyongyang and Moscow affirm shared strategic positions, and amid reports of Kim Jong-un's visits to a nuclear material production facility and China's Xi Jinping planning a visit to North Korea.
South Korea and Japan have resumed their joint maritime search and rescue exercises (SAREX) for the first time in nine years, following an agreement between their defense ministers in January. The drill, held in international waters southeast of Jeju Island, marks a symbolic step in improving bilateral relations.
The main opposition People Power Party has filed a police complaint against President Lee Jae Myung, alleging he violated election law by exposing his ballot during early voting. Police protection for party leaders was activated early amid online assassination threats.
At the Shangri-La Dialogue, U.S. Defense Secretary Pete Hegseth called for a 'balanced' transfer of wartime operational control to South Korea, emphasizing that U.S. military roles must be honored. Seoul has proposed retaking OPCON by 2028, while U.S. Forces Korea Commander Gen. Xavier Brunson suggested meeting conditions by early 2029. Hegseth also reaffirmed support for South Korea's nuclear-powered submarine program.
Nationwide rail operations in South Korea, disrupted by the partial collapse of the Seosomun Overpass in Seoul, will fully resume on Sunday, according to KORAIL. The collapse killed three and injured three, and recovery efforts have included demolition and safety inspections.
China has condemned the Japan-Philippines maritime boundary negotiations, calling them 'completely illegal and void.' The talks, launched after a summit in Tokyo, aim to delimit exclusive economic zones and continental shelves east of Taiwan, a move that Beijing says infringes on its maritime rights and could affect the Taiwan Strait and South China Sea.
South Korea's KOSPI index has hit record highs, but a simultaneous jump in the volatility index and a decline in the number of advancing stocks signal growing investor caution and heavy reliance on a few semiconductor giants like Samsung Electronics and SK hynix.