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(LEAD) Unification ministry defends white paper against criticism over 'two-state' language

South Korea's unification ministry has defended the use of 'two-state' language in its latest white paper, clarifying it does not constitute legal recognition of North Korea as a state. Unification Minister Chung Dong-young said the 'peace-oriented two-state approach' differs fundamentally from North Korea's 'two hostile states' policy. The ministry described the language as an implementation strategy for peaceful coexistence.

1 outlet · 3 articles May 19, 2026

Watchdog chief voices concerns over retail speculation amid increased volatility

South Korea's Financial Supervisory Service has cautioned that retail investors' heavy reliance on leveraged and margin trading could lead to significant losses as market volatility increases. The warning comes ahead of the introduction of single-stock leveraged ETFs, which may further channel retail capital into high-risk products. The KOSPI has surged over 70% this year, but recent sharp declines highlight the potential for sudden reversals.

1 outlet · 3 articles May 19, 2026

Senior S. Korean diplomat visits Washington for talks on nuclear sub project, other issues

South Korea's First Vice Foreign Minister Park Yoon-joo visited Washington to discuss the implementation of security and economic agreements from last year's summit, including Seoul's pursuit of nuclear-powered submarines and civil nuclear fuel rights. Meetings with senior U.S. officials and lawmakers highlighted both progress and challenges in the follow-through on these commitments.

1 outlet · 3 articles May 18, 2026

World Cup-bound players head to Salt Lake City for training camp

South Korea's national football team has begun its pre-World Cup training camp in Salt Lake City, Utah, with head coach Hong Myung-bo unveiling a 26-man squad that includes several K League players and surprising selections. The team will play friendlies against Trinidad and Tobago and El Salvador before opening the tournament against Czechia on June 11, with a focus on acclimating to high altitude and overcoming injury concerns.

1 outlet · 7 articles May 18, 2026

6 former NIS officials booked over alleged role in insurrection

South Korea's special counsel team has booked six former National Intelligence Service officials, including former chief Cho Tae-yong and former deputy director Hong Jang-won, on charges related to the alleged insurrection tied to President Yoon Suk Yeol's martial law declaration. Separately, former National Fire Agency Commissioner Heo Suk-gon was questioned over alleged instructions to cut power and water to media outlets.

1 outlet · 5 articles May 18, 2026

(LEAD) Unification white paper pivots to peaceful 'two-state' coexistence with N. Korea

South Korea's unification ministry has released an annual white paper outlining a shift from pressure and confrontation to peaceful coexistence with North Korea, emphasizing mutual trust and a 'two-state' relationship. The paper, which also scales back human rights references, has drawn criticism from those who argue it contradicts the long-standing view of inter-Korean ties as a special unification process.

1 outlet · 2 articles May 18, 2026