South Korea — Page 16

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(LEAD) S. Korea discusses security ties, global challenges with EU, Britain

South Korean Foreign Minister Cho Hyun held a series of bilateral talks in Manila, meeting with counterparts from the EU, Britain, Canada, Australia, and New Zealand, alongside ASEAN member states. Discussions focused on deepening cooperation in security, defense, economic security, energy, and critical minerals. The meetings also covered follow-up measures on agreements with the EU and coordination on global issues such as the Middle East and Ukraine.

1 outlet · 3 articles Jul 24

HD KSOE, Siemens sign agreement on adoption of AI platform for shipbuilding

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has signed two separate agreements: one with Siemens to develop an AI-powered shipyard platform, and another with Fraser Industries LLC to support the revitalization of the U.S. shipbuilding industry under Seoul's MASGA initiative. The partnerships aim to accelerate digital transformation in shipbuilding and leverage South Korea's $150 billion investment commitment to the U.S.

1 outlet · 2 articles Jul 24

(Yonhap Interview) 'Pressure is privilege': Paddack ready to help end Lions' KBO title drought

Chris Paddack, who signed with the Samsung Lions in July, spoke about his determination to help the KBO club win its first championship since 2014, citing conversations with veteran teammates and the inspiration of the team's banner history. The 30-year-old right-hander, who has a 32-43 record with a 4.83 ERA in 132 MLB games, replaced Australian left-hander Jack O'Loughlin in the rotation.

1 outlet · 2 articles Jul 24

Court set to rule on SK Group chief, ex-wife's high-stakes asset division case

A Seoul appellate court ordered SK Group Chairman Chey Tae-won to pay 944 billion won (US$644 million) to his former wife, Roh Soh-yeong, in a divorce asset division case. The amount is lower than the previous 1.38 trillion won award, and Chey's lawyers said they will consider appealing.

3 outlets · 6 articles Jul 24

U.S. keeps S. Korea on FX policy 'monitoring list'

The U.S. Treasury has kept South Korea on its currency monitoring list, citing a growing current account surplus and sustained pressure on the won. South Korea's finance ministry says it will maintain close communication with Washington to deepen mutual understanding on exchange rate policies.

1 outlet · 3 articles Jul 23

(LEAD) S. Korea, U.S. open shipbuilding partnership center to advance MASGA initiative

South Korea and the United States launched the Korea-U.S. Shipbuilding Partnership Center in Washington to facilitate a $150 billion investment in the U.S. shipbuilding sector. Officials from both countries emphasized the need for tangible results under the MASGA initiative, and Samsung Heavy Industries announced new cooperation agreements with U.S. firms.

1 outlet · 5 articles Jul 23

(LEAD) N. Korea skips ASEAN security forum for 2nd consecutive year

North Korea has skipped the ASEAN Regional Forum for the second consecutive year, reflecting its growing preference for bilateral diplomacy with Russia and China. South Korean Foreign Minister Cho Hyun used the meetings to call for dialogue with Pyongyang, while participants voiced concerns over North Korea's nuclear and missile programs.

1 outlet · 3 articles Jul 23

Trump warns Iran, Houthis will face 'major military punishment' if Houthis attack ships

US President Donald Trump has warned that Iran and Yemen's Houthi rebels will face 'major military punishment' if the Houthis attack ships again. The warning follows Houthi strikes on two Saudi oil tankers and the group's announcement of a naval blockade on Saudi Arabia. The European Union has also condemned the attacks and called for an end to actions endangering international shipping.

4 outlets · 5 articles Jul 23

Nigeria: Nigeria Drops to 90th in Latest Global Passport Ranking

Nigeria fell to 90th place in the July 2026 Henley Passport Index, with its visa-free score unchanged at 44 destinations. Meanwhile, Israel achieved its highest ranking ever at 18th, according to the index's 20th anniversary edition.

2 outlets · 2 articles Jul 23

(LEAD) S. Korea proposes 2027 ODA budget at $4.6 billion

South Korea's government has finalized a 2027 official development assistance budget proposal of 6.3 trillion won ($4.6 billion), an increase of 871.2 billion won from this year. The plan prioritizes healthcare, culture, and AI, with drought and flood prevention projects also highlighted. Prime Minister Han Seong-sook emphasized a vision for global AI cooperation.

1 outlet · 2 articles Jul 23

S. Korean won advances on better-than-expected Q2 growth

The South Korean won strengthened to a more than two-month high against the U.S. dollar after the economy grew faster than expected in the second quarter, driven by firmer semiconductor exports. Meanwhile, the Bank of Korea reported record-high daily foreign exchange trading in the April-June period, supported by foreign investors' stock purchases.

1 outlet · 2 articles Jul 23

S. Korea calls for N. Korea's return to dialogue at ARF security forum

South Korean Foreign Minister Cho Hyun called on North Korea to respond to Seoul's offers for dialogue at the ASEAN Regional Forum (ARF) in Manila, marking the second consecutive year Pyongyang skipped the meeting. Cho emphasized the need for peace and stability on the Korean Peninsula, while participants voiced concerns over the North's nuclear and missile programs.

1 outlet · 2 articles Jul 23

(LEAD) S. Korea, China, Japan stress stronger supply chain, energy security ties at ASEAN+3 talks

At the 27th ASEAN Plus Three Foreign Ministers' Meeting in Manila, South Korea, China, and Japan agreed to strengthen cooperation on supply chains and food and energy security amid the Middle East crisis. South Korea also reaffirmed its partnership with ASEAN, unveiling new initiatives in AI and cultural industries.

1 outlet · 2 articles Jul 23

S. Korea to face Saudi Arabia, Qatar in men's football at Asian Games

South Korea's men's football team will face Saudi Arabia and Qatar in Group D at the Aichi-Nagoya Asian Games, while the women's team will meet North Korea. The draw took place in Nagoya, Japan, on Thursday.

1 outlet · 2 articles Jul 23

Economically active youths down in May amid job market uncertainties

Recent government data shows a decline in the labor force participation rate among South Koreans aged 15 to 29 in May, with rising unemployment and longer times to complete college. Additionally, the number of unemployed college graduates hit a five-year high in the second quarter, reflecting a tightening job market for young adults.

1 outlet · 2 articles Jul 23

(LEAD) Lee cites concerns S. Korea may be heading for real estate bubble like Japan's

President Lee Jae Myung said South Korea faces one of its biggest challenges in stabilizing the real estate market and cited Japan’s 1990s collapse as a caution. Speaking at a televised public discussion, he said there is broad consensus on raising property holding taxes as the government prepares revisions aimed at cooling soaring home prices.

1 outlet · 3 articles Jul 23

Ex-land minister questioned over expressway project linked to ex-first lady

Former South Korean Land Minister Won Hee-ryong appeared before a special counsel team for questioning over allegations he altered an expressway route to benefit former first lady Kim Keon Hee's family. He denied wrongdoing. The project was scrapped in July 2023 after controversy.

1 outlet · 2 articles Jul 23

3 candidates to be shortlisted for ruling party's leadership race

South Korea's ruling Democratic Party has shortlisted three candidates for its leadership race: former Prime Minister Kim Min-seok and two former party leaders, Jung Chung-rae and Song Young-gil. The party plans to hold its national convention on Aug. 17 to elect a new leader, who will oversee nominations for the 2028 parliamentary elections.

1 outlet · 4 articles Jul 23

U.S. House Appropriations subcommittee officials visited S. Korean shipyards in July: sources

Eight officials from a U.S. House Appropriations subcommittee toured South Korean shipyards earlier this month, inspecting warship capabilities at Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. The visit comes amid White House efforts to authorize foreign shipbuilding for the U.S. Navy, despite a long-standing ban on foreign construction of U.S. military vessels.

1 outlet · 3 articles Jul 23

Seoul shares open higher on extended tech rally

South Korean stocks opened higher Thursday, led by a tech rally boosted by Alphabet's better-than-expected earnings. The KOSPI climbed over 3 percent in early trading, while the Korean won strengthened against the U.S. dollar. U.S. stocks had closed lower amid Middle East tensions.

1 outlet · 2 articles Jul 23