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Special Counsel Raids Top Prosecutors' Office Over Ex-Prosecutor General's Alleged Role in 2024 Martial Law Bid

South Korea's special counsel team raided the Supreme Prosecutors Office over former Prosecutor General Shim Woo-jung's alleged involvement in former President Yoon Suk Yeol's failed martial law bid in 2024. Separately, a second special counsel team searched the same office and the Ministry of Justice regarding alleged mishandling of the investigation into former first lady Kim Keon Hee's luxury bag acceptance.

1 outlet · 3 articles Apr 23, 2026

Hyundai Motor Q1 Net Profit Falls 23.6% on U.S. Tariffs, Rising Costs

Hyundai Motor reported a 23.6% drop in first-quarter net profit, citing U.S. auto tariffs, higher raw material costs, and increased investment. Operating income declined 30.8%, while sales rose 3.4%. Kia also posted a 23.5% net profit decline, reflecting similar headwinds.

1 outlet · 6 articles Apr 23, 2026

New BOK Governor and Finance Minister Pledge Closer Policy Coordination Amid Middle East Crisis

South Korea's new central bank governor and finance minister agreed to strengthen policy coordination in their first meeting, citing heightened market volatility from the Middle East conflict. They discussed joint responses to inflation and growth risks, plus efforts to internationalize the won. The meeting underscored the need for close communication on fiscal and monetary policy.

1 outlet · 2 articles Apr 23, 2026

South Korea's Unification Minister Dismisses Intelligence Leak Allegations as 'Political Trick'

Unification Minister Chung Dong-young has rejected accusations that his public identification of Kusong as a North Korean uranium enrichment site constituted a leak of classified information, calling the criticism a 'political trick' that harms national interests. The remarks have strained intelligence-sharing relations with the United States, which reportedly protested Seoul's disclosure of sensitive data.

1 outlet · 3 articles Apr 23, 2026

Lee's approval rating holds at record 69% amid constitutional amendment debate

President Lee Jae Myung's approval rating remains at a record high of 69%, according to recent polls. Support for the ruling Democratic Party is also strong, while the main opposition party faces declining numbers. A majority of respondents back a constitutional amendment referendum alongside June local elections.

1 outlet · 2 articles Apr 23, 2026

South Korea's economy posts fastest quarterly growth since 2020 on semiconductor exports

South Korea's economy expanded 1.7% in Q1 2026, the fastest quarterly growth in 5.5 years, driven by semiconductor exports. Private consumption and facility investment also contributed, though economists caution about concentration risks and Middle East uncertainties.

1 outlet · 5 articles Apr 23, 2026

SK hynix posts record Q1 profit on AI chip demand; industry warns of supply crunch

SK hynix reported record first-quarter results, with net profit surging 397.6% year-on-year to 40.34 trillion won, as AI demand for memory chips soared. Samsung Electronics also posted record operating profit, but both companies warn of a prolonged global supply crunch.

3 outlets · 6 articles Apr 23, 2026

North Korea Criticizes Japan's Security Overhaul and Military Drone Offices

North Korea has denounced Japan's planned overhaul of key security documents and its establishment of military drone offices, warning that these moves fuel Tokyo's 'reinvasion' ambitions. The criticism, reported by Yonhap, highlights regional tensions over Japan's defense buildup.

1 outlet · 2 articles Apr 22, 2026

U.S., South Korea target OPCON transfer conditions by early 2029, commander says

The top U.S. general in South Korea said the allies aim to meet all conditions for wartime operational control (OPCON) transfer to Seoul no later than the second quarter of fiscal year 2029, with a roadmap delivered to the Pentagon. Seoul's defense ministry added that a timeline will be set at this year's Security Consultative Meeting. A U.S. expert downplayed concerns that the transfer would weaken the alliance.

1 outlet · 5 articles Apr 22, 2026

South Korea–U.S. Tensions Escalate Over Coupang Investigation

A diplomatic dispute has emerged between South Korea and the United States after Republican lawmakers accused Seoul of discriminating against Coupang, a U.S.-listed e-commerce company. South Korean officials and lawmakers have rejected the claims, calling them interference in domestic affairs, while the foreign ministry insists that the investigation is fair and non-discriminatory.

2 outlets · 7 articles Apr 22, 2026

LG Twins' Lachlan Wells Dominates but Misses Shutout; Song Chan-eui Shines in 3-0 Win

Australian left-hander Lachlan Wells threw eight one-hit innings for the LG Twins against the Hanwha Eagles, but was pulled before the ninth, missing a chance at his first career complete-game shutout. Song Chan-eui's two-run homer powered the Twins to a 3-0 victory, their third straight.

1 outlet · 5 articles Apr 22, 2026

Lee and Vietnam's To Lam Hold Summit Talks on Energy, Supply Chains

South Korean President Lee Jae Myung and Vietnam's top leader To Lam held summit talks in Hanoi, agreeing to deepen cooperation on energy security and supply chain stabilization amid global uncertainties. The leaders also discussed infrastructure projects and Vietnam's potential revival of its nuclear power program, with bilateral trade reaching a record US$94.6 billion in 2025.

1 outlet · 7 articles Apr 22, 2026

Hanwha Eagles manager tries not to dwell on losses amid bullpen struggles and key injuries

The Hanwha Eagles are grappling with bullpen woes, a franchise-record 18 walks and hit-by-pitches in a single game, and the impending shoulder surgery of starter Moon Dong-ju. Manager Kim Kyung-moon says he is focusing on daily wins rather than brooding over close calls.

1 outlet · 5 articles Apr 22, 2026

KOSPI Hits Record High Above 6,400 as Earnings Optimism Outweighs Geopolitical Uncertainty

South Korean stocks closed at a fresh record high on Wednesday, with the KOSPI rising 0.46% to 6,417.93, driven by strong corporate earnings outlook. The rally continued into Thursday as the index gained another 0.75% to 6,465.97, buoyed by U.S. President Trump's indefinite extension of the ceasefire with Iran.

1 outlet · 4 articles Apr 22, 2026

Yoon's Constitutional Challenge to Insurrection Tribunal Law Moves to Full Bench Review

South Korea's Constitutional Court has referred former President Yoon Suk Yeol's petition against the insurrection tribunal law to its full nine-member bench for formal review. Yoon argues the law violates his right to a fair trial and equality, while also challenging a separate special counsel probe law. The court's decision marks a procedural step in the ongoing legal battle following Yoon's life sentence for insurrection.

1 outlet · 2 articles Apr 22, 2026

Notorious Drug Kingpin Indicted in South Korea Month After Repatriation from Philippines

South Korean investigators indicted Park Wang-yeol, a notorious drug trafficker, on aggravated drug charges about a month after his temporary repatriation from the Philippines. Park, who had been serving a 60-year sentence in the Philippines for murder, is accused of smuggling methamphetamine into South Korea, with authorities suspecting he continued his operations from prison using messaging apps.

1 outlet · 2 articles Apr 22, 2026

Celltrion announces 100 billion won share buyback, reports strong Q1 earnings

South Korean biopharmaceutical firm Celltrion has announced a 100 billion won share repurchase plan aimed at boosting shareholder value amid external uncertainties, while reporting a more than threefold jump in first-quarter net income.

1 outlet · 2 articles Apr 22, 2026

HD Hyundai Heavy wins 627 bln-won power equipment order in U.S.

HD Hyundai Heavy Industries has secured a 627 billion-won contract to supply power generation equipment for a U.S. data center, its largest such deal. Separately, the company won two U.S. Navy research projects, marking the first time a South Korean firm has worked with the Office of Naval Research.

1 outlet · 2 articles Apr 22, 2026

South Korea and Vietnam Expand Agricultural Ties; Poultry Export Deal Secured

South Korean Agriculture Minister Song Mi-ryung met her Vietnamese counterpart in Hanoi to discuss expanding cooperation and boosting K-food exports, including a request to extend the import window for Korean melons. Separately, Seoul secured approval to export heat-treated poultry products to Vietnam, a market of over 100 million people.

1 outlet · 2 articles Apr 22, 2026

Seoul Stocks Edge Lower Amid Persistent U.S.-Iran Peace Talk Uncertainty

South Korean shares dipped on Wednesday as investors weighed fresh uncertainty over U.S.-Iran negotiations, including Tehran's rejection of a second round of talks and Vice President JD Vance's postponed trip to Pakistan. President Trump's offer to extend a ceasefire until a 'unified' proposal emerges provided only limited support, with defense stocks outperforming while chips and banks lagged.

1 outlet · 3 articles Apr 22, 2026