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South Korea announced plans to designate 10 cities as startup hubs by next year, starting with Daejeon, Daegu, Gwangju, and Ulsan, to decentralize the startup ecosystem from Seoul and create youth jobs. The initiative aims to place five cities in the global top 100 startup list by 2030.
At the Chevron Championship, the first LPGA major of 2026, several South Korean players posted strong opening rounds. Lee So-mi fired a 67 to sit tied for second, while Yoon Ina climbed into a tie for third after round two. Nelly Korda of the U.S. leads the tournament.
K-pop girl group Le Sserafim will release its second studio album 'Pureflow pt. 1' on May 22, with the lead single 'Celebration' dropping April 24. The album marks the group's first full-length release in nearly three years, following their Billboard Hot 100 success with 'Spaghetti.'
South Korea and Australia will begin a joint excavation project next week to recover the remains of an Australian soldier missing since the Korean War. The effort coincides with the 75th anniversary of a key battle in Gapyeong, where Commonwealth forces fought Chinese troops. Separately, South Korea has identified the remains of another of its soldiers, raising the total to 273.
KOMIR's sale of its Mexican copper mine stake and bonds for $1 each is confirmed by Yonhap reports, but they disagree on the original investment: one cites roughly $2 billion, the other $2 million. The sale comes after years of losses and multiple failed divestiture attempts.
South Korean and Canadian army troops have begun their first joint high-tech military exercise at the Korea Combat Training Center, marking a deepening of bilateral defense ties. The drills coincide with the 75th anniversary of the Battle of Gapyeong, a key moment in the Korean War, and reflect ongoing efforts to strengthen strategic cooperation between the two nations.
South Korea's main opposition leader Jang Dong-hyeok met Gavin Wax, chief of staff to the Under Secretary for Public Diplomacy, during his Washington visit last week, according to the State Department. The meeting, requested by Jang's delegation, was confirmed amid criticism that his trip was poorly timed and yielded few concrete results.
Ukrainian drones have repeatedly struck oil infrastructure in Tuapse on Russia’s Black Sea coast, sparking large fires, evacuations and environmental alerts over toxic emissions and oil spills. Local officials ordered residents to stay indoors while firefighters battled blazes; Kyiv said the attacks target revenues funding Russia’s war. Russian officials reported damage and criticized Western silence on the environmental impact.
Coupang, South Korea's e-commerce giant, disclosed spending over $1 million on U.S. lobbying in the first quarter, involving the White House and Congress. The company denies allegations that it lobbied to pressure the South Korean government, emphasizing its focus on economic cooperation, AI innovation, and job creation.
The NC Dinos snapped a two-game losing streak with a 12-2 win over the Kiwoom Heroes on Thursday, fueled by 18-year-old rookie Ko Jun-hwi's first career home run and four RBIs. Ko's performance marked a historic feat, becoming only the second player in KBO history to record multiple hits, a home run, and a steal in his first start.
Russian and North Korean officials held sectoral talks in Wonsan and broke ground on a joint hospital project, part of agreements from a June 2024 summit. Three Russian ministers visited North Korea simultaneously, and a ceremony is planned for a memorial museum honoring North Korean soldiers in the Russia-Ukraine war.
South Korea's air force has publicly apologized for a 2021 mid-air collision between two F-15K fighter jets, after an audit found pilots were taking selfies and filming during the flight. The wingman pilot, who was held primarily responsible, has been fined approximately $60,000 and has since left the military.
The Korea Football Association announced it will appeal a Seoul court ruling that upheld the sports ministry's demand for disciplinary action against KFA President Chung Mong-gyu over 2024 audit findings. The ministry has urged the KFA to penalize Chung and other officials within a month of the May 26 injunction expiration.
A South Korean court issued an arrest warrant for a truck driver who drove into a group of rallygoers in Jinju, killing a union member and injuring two others. The incident occurred during a cargo worker rally demanding direct negotiations with BGF Retail. Meanwhile, the union reached a tentative agreement with BGF Logis, and a separate arrest warrant was granted for a union member who struck a police barricade.
Choi Ji-man, a former major league first baseman best known for his tenure with the Tampa Bay Rays, has signed a one-year deal with the Ulsan Whales of the Futures League, South Korea's minor league. The 34-year-old says he aims to prove his health and remain a productive player, with hopes of eventually joining the national team.
South Korean stocks soared to an all-time high as investors welcomed the indefinite extension of the US-Iran ceasefire and strong economic data, though lingering tensions in the Strait of Hormuz and a weaker won tempered gains.
Rep. Joo Ho-young of South Korea's People Power Party announced he will not run for Daegu mayor after the Seoul High Court dismissed his injunction against the party's nomination cutoff. The court found no procedural flaws in the party's decision, which also excluded Lee Jin-sook. The ruling Democratic Party has fielded former Prime Minister Kim Boo-kyum, making the race a closely watched contest in a conservative stronghold.
USFK Commander Gen. Xavier Brunson has proposed positioning South Korea as a regional sustainment hub for the maintenance and repair of US military assets, leveraging the country's defense industrial base. The plan, detailed in a document submitted to Congress and in recent remarks, also includes a broader modernization of the US-South Korea alliance and a shift to an 'east-up' strategic perspective in the Indo-Pacific.
Honda Korea announced it will withdraw from South Korea's automobile market by the end of 2026, citing changing market conditions and exchange rate fluctuations. The company will continue customer services and refocus on its motorcycle business.
During a state visit to Hanoi, President Lee Jae Myung of South Korea underscored the importance of cooperation with Vietnam on building resilient supply chains and expanding energy infrastructure. The two countries signed 74 MOUs, including a major metro deal, and agreed to deepen ties in nuclear energy, infrastructure, and supply chains.