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The South Korean won weakened against the U.S. dollar on Monday and Tuesday, as foreign investors remained net sellers of local stocks. The won closed at 1,429.8 won per dollar on Monday and 1,432.5 won on Tuesday, while the KOSPI fell 5.12% on Monday before rebounding 1.62% on Tuesday.
A South Korean military official said a U.S. drone flight over the inter-Korean border area last week was the result of a communication error between working-level personnel. The incident, which nearly led to a shoot-down, followed a similar mishap involving the same unit, prompting an opposition lawmaker to call for the defense minister's resignation.
Christopher Nolan visited South Korea for the first time to promote his upcoming film ‘The Odyssey,’ urging audiences to experience the adventure on the big screen. The director emphasized the unique appeal of theatrical cinema, while producer Emma Thomas and actors Matt Damon and Charlize Theron joined the press conference.
Seoul shares reversed early gains late Tuesday morning, weighed down by technology stocks amid lingering Middle East uncertainty, despite overnight gains on Wall Street. The KOSPI traded 11 points lower, while tech heavyweights Samsung Electronics and SK hynix declined.
The US and Japan have confirmed a rare coordinated intervention to halt the yen's slide after it fell to a 40-year low against the dollar. The move, the first since 2011, briefly lifted the yen to a three-month high. Officials from both countries signalled willingness to intervene again if needed.
Minnesota Twins minor league pitcher Go Woo-suk's 10-game suspension for having an illegal substance in his glove has been reduced to eight games following an appeal through the players' union. The reduction is reportedly the first successful appeal of its kind, and Go has denied wrongdoing, saying the substance was hardened sweat and rosin.
South Korea has recorded its highest temperature since modern records began, with 42.5°C in Yangsan, as a severe heatwave leads to deaths, emergency alerts, and disruption. The climate crisis and El Niño are cited as contributing factors by weather authorities and scientists.
South Korean golfer Ryu Hae-ran finished tied for sixth at the AIG Women's Open, missing her chance to become the third player in LPGA history to win three consecutive majors in one year. Despite weekend struggles, Ryu emphasized the positives of winning two majors and the experience of contending for a historic feat.
Recent events in the US, including a congressman's visit to the West Bank and a pivotal Michigan primary, highlight a shifting debate over Israel. Media coverage and political campaigns reflect growing tensions, with pro-Israel spending and Israeli influence operations drawing scrutiny.
Recent stock market swings have highlighted the fragility of AI-driven valuations, as China's advances in memory chips and lithography tools unsettle Western investors. The debut of CXMT and reports of domestic DUV machines signal a potential shift in the global semiconductor landscape.
President Lee Jae Myung concluded his five-nation tour with a stop in Frankfurt, where he met with the Korean community, highlighted their role as a bridge between South Korea and Germany, and celebrated the competitiveness of South Korean companies across Europe. The tour included visits to San Francisco and three South American nations, focusing on AI cooperation and critical mineral supply chains.
Australia's fuel excise cut ends on August 3, adding 16 cents per litre to wholesale prices. With global oil prices climbing to about US$90 a barrel, motorists can expect unleaded to reach about $2.20 a litre and diesel $2.60, according to RACQ economist Ian Jeffreys.
Hyundai Motor Co. and Kia Corp. sold 131,032 electric vehicles in Europe in the first half of 2026, a 41.8% increase from the previous half. Kia's EV3 was the top seller, and the companies expect annual sales to surpass 200,000 units for the first time.
President Lee Jae Myung's San Francisco AI Declaration aims to position South Korea as a trusted AI semiconductor manufacturing base, with agreements worth $950 billion signed including a $750 billion long-term chip supply deal between SK Group and Nvidia. The president also toured South America to expand critical mineral supply chain cooperation.
UNESCO's World Heritage Committee has designated several sites in Lebanon and the occupied West Bank, including Tyre, Mount Amel Castles, and Sebastia, as World Heritage Sites in Danger. The decisions have been welcomed by Palestinian and Lebanese officials while Israel has denounced them as politicized.
A record heatwave has swept across the Korean Peninsula, with temperatures in South Korea reaching a new all-time high of 42.5°C in Yangsan. At least 14 deaths have been linked to the heat since mid-May, prompting the government to activate emergency response measures.
South Korean President Lee Jae Myung and Argentine President Javier Milei met in Buenos Aires, agreeing to deepen cooperation on critical minerals, energy, and trade. The two leaders also discussed South Korea's plans to import Argentine crude oil starting next year, and Seoul granted permission for Posco to expand lithium extraction in Salta.
South Korea's exports rose nearly 63 percent in July to US$98.89 billion, the second-highest monthly figure on record, driven by strong global demand for memory chips and AI-related investment. Semiconductors led the surge, with shipments up 179 percent to $41 billion, while exports to China and the United States also posted sharp gains.
Ryu Hae-ran lost the lead in the third round of the AIG Women's Open but remains within striking distance of leader Yealimi Noh. The South Korean is attempting to become the first player since Park In-bee in 2013 to win three consecutive LPGA majors.
Eleven countries, including the US, South Korea and Japan, issued a joint alert warning that North Korean IT workers, using stolen identities and AI, generate revenue for Pyongyang's weapons programmes. North Korea rejected the alert as 'false information' and accused the US of militarizing cyberspace.