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South Korean stocks closed lower Monday as escalating tensions in the Middle East, following failed U.S.-Iran peace talks and President Trump's announcement of a naval blockade, weighed on investor sentiment. The KOSPI closed down 0.86% at 5,808.62, with heavy trading volume and broad declines, while Samsung Electronics and other major shares fell.
South Korean President Lee Jae Myung and Polish Prime Minister Donald Tusk held summit talks in Seoul on Monday, emphasizing bilateral defense industry cooperation. The meeting, the first visit by a Polish prime minister in 27 years, also covered geopolitical issues and included meetings with other South Korean officials.
Two firefighters died while battling a fire at a cold storage warehouse in Wando, South Jeolla Province. Prime Minister Kim Min-seok paid respects and conferred posthumous honors, while the veterans ministry announced half-staff flags and burial at Daejeon National Cemetery.
LG Energy Solution aims to boost productivity by 50% by 2028 through AI transformation, CEO Kim Dong-myung announced. The plan includes expanding U.S. operations and addressing AI-driven energy demand, with LG Group Chairman Koo Kwang-mo emphasizing power infrastructure.
President Lee Jae Myung's approval rating rose to 61.9 percent, maintaining above 60 percent for the fifth consecutive week. The increase is partly attributed to a rebound in the local currency and stock market. A separate poll shows the ruling Democratic Party's approval at 50.6 percent.
The LG Twins enter their first 2026 KBO series against the Hanwha Eagles riding a seven-game winning streak, while the Eagles counter with a poor pitching staff. Yonhap reports contrasting team fortunes as the rivals meet in Seoul.
Im Sung-jae and Kim Si-woo finished 46th and 47th respectively at the Masters, both failing to break par for the tournament. Rory McIlroy successfully defended his title, finishing at 12-under 276, one shot ahead of Scottie Scheffler.
BTS' latest album 'Arirang' dropped to No. 3 on the Billboard 200 after topping the chart for three consecutive weeks, a first for a K-pop act. The album earned 78,000 equivalent album units in the latest tracking week, down 37% from the previous week, according to Yonhap.
Anthropic’s new AI model, Mythos, has uncovered thousands of software vulnerabilities, prompting emergency meetings among finance ministers, central bankers, and bank chiefs. The company has restricted access to a select group of firms while launching Project Glasswing to patch flaws before public release.
South Korean short track speed skater Choi Min-jeong has won the national team trials for the 2026-2027 season, sealing her place on the team for what she has confirmed will be her final international season. The 27-year-old, the most decorated South Korean Olympian, plans to retire from international competition after the upcoming season, with the world championships in Seoul serving as her farewell event.
Hyundai Motor has launched its Ioniq electric vehicle brand in China, unveiling the Ioniq V production model and two concept cars. The move signals a renewed commitment to the world's largest auto market, with plans to launch 20 new models and target annual sales of 500,000 units.
South Korean President Lee Jae Myung has reaffirmed his commitment to universal human rights after an online exchange with Israel over his comments on a 2024 video. Israel condemned his remarks, while Seoul's foreign ministry expressed regret over what it called a misunderstanding. The incident highlights the challenges of verifying social media content and its diplomatic implications.
South Korea's major lenders are expected to limit household loan growth to 1% this year, down from earlier targets, as part of government efforts to curb rising home prices. The move aligns with stricter lending rules and expanded speculative zone designations in Seoul.
South Korea's presidential office convened an emergency economic review meeting to coordinate responses to the Middle East conflict, with officials pledging to maintain vigilance amid ongoing U.S.-Iran talks. The government also plans to restore naphtha supply, while President Lee Jae Myung has scheduled a separate advisory council session.
Coachella's opening weekend began with pop star Sabrina Carpenter headlining, featuring surprise appearances from Madonna, Susan Sarandon, and Will Ferrell. The festival continues with headliners Justin Bieber and Karol G, though weather conditions led to the cancellation of DJ Anyma's set and an air quality advisory.
BTS kicked off its massive world tour in Goyang, South Korea, marking their return after a four-year hiatus for military service. The tour spans 85 shows across 34 cities, with a record-breaking number of dates. Amid celebration, police reported the theft of about 500 admission wristbands at the venue.
North Korean leader Kim Jong-un met Chinese Foreign Minister Wang Yi in Pyongyang and called for stronger bilateral ties, placing top priority on relations with Beijing. Kim voiced support for China’s one-China principle and a multipolar world order. The visit was Wang’s first to North Korea since 2019 and follows last year’s Xi-Kim summit.
Australia is navigating a turbulent global oil market as disruptions in the Strait of Hormuz and shifting supplier dynamics reshape fuel imports. With jet fuel prices soaring and airlines cutting routes, the country now relies on a patchwork of sources, including increased US shipments, to maintain supply.
South Korea's National Assembly approved a 26.2 trillion-won supplementary budget to counter economic fallout from the Middle East conflict. The package includes cash assistance for the bottom 70% of income earners and additional naphtha supply support. Rollout details are emerging, with vulnerable groups receiving payments first.
South Korea has resumed tourist rail service to Dorasan Station, its northernmost stop near the border with North Korea, after a six-year hiatus. Unification Minister Chung Dong-young called the reopening a 'small starting point' for building everyday peace with Pyongyang.