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At the Sea-Air-Space 2026 exposition in Maryland, Hanwha Group announced partnerships with U.S. firms to develop unmanned surface vessels, strengthen shipbuilding capabilities, and collaborate on rocket propulsion. The move underscores the South Korean conglomerate's push to expand in the U.S. defense market.
South Korea's fuel price cap system, introduced on March 13, helped reduce consumer prices by up to 0.8 percentage point in March, according to a state-run think tank. The system also appears to have curbed fuel consumption, with gasoline and diesel sales declining year-on-year. Expanded fuel tax cuts are expected to further lower prices this month.
CATL, the world's largest EV battery maker, announced a landmark contract to supply 60 GWh of sodium-ion batteries to Beijing HyperStrong Technology, the largest such deal to date, and unveiled its third-generation Shenxing battery capable of charging in under seven minutes, underscoring its push for technological leadership over price competition.
North Korea and Russia have agreed to expand law enforcement cooperation, signing a 2026-2027 roadmap for delegation exchanges during Russian Interior Minister Vladimir Kolokoltsev's visit to Pyongyang. The talks come amid deepening bilateral ties following North Korea's troop deployment in support of Russia's war in Ukraine.
IAEA Director-General Rafael Grossi cautioned that any US-Iran nuclear agreement lacking IAEA verification would be meaningless, describing it as an 'illusion of an agreement.' He also discussed the risks of a US invasion of Iran and voiced concerns about a potential nuclear arms race.
Japanese Prime Minister Sanae Takaichi sent a ritual offering to Tokyo's Yasukuni Shrine during its annual spring festival, a move that drew strong condemnation from China and expressions of regret from South Korea, while North Korea called it a 'challenge to international justice.' Takaichi did not visit in person, marking the second time she has sent an offering since taking office.
North Korea's foreign ministry has announced the appointments of new ambassadors to Britain, Indonesia, and Sweden. The moves mark the first major diplomatic reshuffle in about a decade and are seen as part of Pyongyang's efforts to reinvigorate its international diplomacy.
South Korean special counsel Min Joong-ki has requested a four-year prison sentence for Rep. Kweon Seong-dong, who was convicted of accepting illegal political funds from the Unification Church. The appeal is ongoing at the Seoul High Court, with potential loss of his parliamentary seat if the Supreme Court upholds the conviction.
South Korean President Lee Jae Myung has returned from a six-day, two-nation trip to India and Vietnam, where he held summits focused on expanding economic cooperation in critical minerals, energy, AI, and shipbuilding. The trip was aimed at addressing global supply chain and energy market uncertainties, with agreements to upgrade the bilateral trade deal with India and deepen strategic ties with Vietnam.
South Korean stocks surged to a new record high on Tuesday, driven by investor optimism over U.S.-Iran peace talks and strong tech earnings. The KOSPI closed up 2.72 percent, erasing losses since the conflict began, while the won strengthened against the dollar.
South Korea's benchmark KOSPI closed at a record high of 6,388.47 points on Tuesday, surging 2.72 percent, as investors shifted focus to potential U.S.-Iran peace talks and a revived tech rally. The index surpassed its previous peak set on Feb. 26, with market capitalization reaching a new high of 5,236 trillion won. Analysts attribute the rebound to reduced sensitivity to Middle East tensions and optimism over chipmakers like Samsung Electronics.
During President Lee Jae Myung's three-day visit to India, South Korea and India signed 20 memorandums of understanding covering steel, shipbuilding, energy, and more. The two nations aim to double bilateral trade to $50 billion by 2030 and resume negotiations to upgrade their trade agreement.
South Korean police have requested an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop giant Hybe, over allegations that he misled investors before the company's 2020 IPO, amassing nearly 200 billion won in alleged illegal profits. Bang denies wrongdoing. The move comes as BTS embarks on a world tour.
During a bilateral summit in New Delhi, South Korean President Lee Jae Myung and Indian Prime Minister Narendra Modi witnessed the signing of 20 memorandums of understanding between companies from both nations, covering sectors such as steel, shipbuilding, energy, and technology. Key agreements include a joint shipyard venture between HD Hyundai and Indian government-backed entities, an electric three-wheeler collaboration between Hyundai Motor and TVS Motor, and a steel mill investment by POSCO Holdings with JSW Group.
A South Korean lawmaker claims the U.S. Forces Korea commander lodged a protest over Unification Minister Chung Dong-young's public mention of a North Korean uranium enrichment site, a claim the defense ministry denies. The dispute has raised questions about intelligence-sharing between Seoul and Washington.
South Korea has handed over the remains of 12 Chinese soldiers killed during the 1950-53 Korean War to China in a ceremony at Incheon International Airport. The event, held publicly for the first time in three years, reflects improving bilateral ties between Seoul and Beijing.
South Korean stocks traded sharply higher on Tuesday, poised for a new record, as investors welcomed progress in U.S.-Iran peace talks and strong corporate earnings. The KOSPI rose about 2% to 6,343 points despite overnight declines on Wall Street. Key heavyweights including Samsung Electronics and SK hynix gained, while battery maker LG Energy Solution jumped over 8%.
South Korea's exports rose sharply in the first 20 days of April, led by a 182.5% jump in semiconductor shipments, according to customs data. Separate government figures show ICT exports in April surged 125.9% year-on-year, accounting for nearly half of total outbound shipments. The U.S. and China remained key markets, with exports to the U.S. nearly tripling in some periods.
South Korea's benchmark KOSPI index on April 21 rose above its level before the U.S.-Iran conflict, buoyed by easing geopolitical concerns and strong chipmaker expectations, though lingering volatility and the scale of foreign selling remain cautionary factors.
South Korea's exports rose 49.4% year-on-year in the first 20 days of April, reaching $50.4 billion, driven by a 182.5% surge in semiconductor shipments amid strong global demand. Imports grew 17.7% to $39.9 billion, yielding a trade surplus of $10.4 billion. The figures, from the Korea Customs Service, also show robust exports to China and the U.S., while crude oil imports rose for a third straight month due to Middle East tensions.