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South Korea's industry ministry says the country's crude oil supply remains stable despite Middle East tensions, with reserves covering 110 percent of last year's levels for July and August and 90 percent for September. Separately, a South Korean oil tanker successfully transited the Red Sea, marking the 14th crude oil shipment to use the route.
South Korean Defence Minister Ahn Gyu-back is facing allegations that he deserted his military unit in the 1980s, with his accuser claiming he was arrested by military police and served additional time. The minister and the defence ministry deny the claims, attributing discrepancies in his military record to administrative errors.
South Korean authorities issued flood warnings for the Imjin River after North Korea appeared to release water from the Hwanggang Dam without prior notice, causing water levels to surge. The environment ministry confirmed the release via satellite imagery, and the unification ministry urged joint disaster response while citing severed communication channels.
The South Korean won has shown resilience against the U.S. dollar, edging higher on several trading days despite geopolitical risks. Analysts attribute the strength to dollar-selling by exporters and SK hynix's conversion of proceeds from its U.S. listing into won.
At the 48th session of the World Heritage Committee in Busan, UNESCO officials called for a global awakening to safeguard cultural and natural heritage from climate change and armed conflicts. The committee adopted the Busan Declaration, proposing collaboration as a sixth strategic objective, while the K-Heritage House pavilion drew over 52,000 visitors.
South Korea's special counsel team has accused the National Intelligence Service of actively cooperating in former President Yoon Suk Yeol's failed martial law bid, citing instructions to establish communication channels and dispatch officials. The NIS is also suspected of preparing a list of hundreds of 'security threats'.
South Korea's Daejeon has been chosen to host the 2029 Invictus Games, becoming the first Asian city to stage the international sporting event for injured service members. The Invictus Games Foundation selected Daejeon over Aalborg and San Diego, citing the city's preparedness and cultural appeal.
South Korean stocks closed more than 4% lower Monday, driven by renewed concerns over global AI infrastructure spending and escalating Middle East tensions. The KOSPI plunged 304.33 points, with institutional investors leading the sell-off.
A massive fire at a Coupang warehouse in Incheon, South Korea, was fully extinguished Wednesday after burning for about 109 hours. The blaze forced the evacuation of hundreds of residents and injured two firefighters, marking the country's second-longest warehouse fire on record.
President Lee Jae Myung's approval rating edged down to 48.4 percent this week, according to a Realmeter poll, ending a two-week rise. The pollster attributed the decline to a series of negative factors, including a central bank rate hike and a stock market drop.
The 2026 FIFA World Cup final featured the first-ever halftime show, with BTS, Madonna, Shakira, and Justin Bieber performing. The show, the longest in World Cup history, boosted streaming numbers for the artists, with Bieber's 'Everything Hallelujah' up 110%.
South Korea's media watchdog is considering a proposal to restrict children under 14 from creating social media accounts without parental consent, and limit addictive features for teenagers aged 14 to 19. The plan, announced by Korea Communications Commission Chairman Kim Jong-cheol, aims to address excessive social media use and its harms, while learning from the country's past 'shutdown law' experience.
South Korean golfer Kim Si-woo tied for sixth at the 154th Open Championship, his best-ever major result, after a final-round 72 at Royal Birkdale. Im Sung-jae tied for 14th, while Tom Kim missed the cut. Kim also rose to No. 18 in the world rankings.
ABC iview's Race Around the World enters its eighth week as six filmmakers race across the globe to produce weekly documentaries. Contestants have shared personal stories of moral dilemmas, creative burnout, and the relentless pace of the competition.
UNESCO's World Heritage Committee convenes in Busan for its 48th session, marking South Korea's first time hosting the event. Around 3,000 participants from 196 member states will review 33 proposals, including an extension of South Korea's Getbol tidal flats and a draft decision on Japan's Sado mine. Opening ceremonies featured President Lee Jae Myung and K-pop star G-Dragon.
Firefighters in South Korea are battling a large fire at a Coupang logistics center in Incheon for a second day. The blaze, which started Saturday, has prompted evacuations and a national mobilization order. Authorities are carrying out demolition work to control the fire, and two firefighters have been hospitalized.
South Korea has introduced 24-hour foreign exchange trading for the won, a key step in its effort to improve foreign investor access and internationalize the currency. The government also unveiled a roadmap to make the won a 'freely convertible currency' and called on exporters to help stabilize the market.
South Korea's Industry Minister Kim Jung-kwan will travel to the U.S. this week for a shipbuilding ceremony, with expectations he may discuss the Coupang data leak investigation that has drawn U.S. criticism. The presidential national security office held a meeting on bilateral trade and security issues amid ongoing complaints from Washington.
Lucas Herbert's record-equalling 62 at the British Open put him in contention, but New Zealand's Ryan Fox won the Claret Jug after a final-round surge. Herbert finished tied for sixth, while Sam Burns led after the third round.
India's first privately developed orbital rocket, Vikram-1, launched successfully from the Satish Dhawan Space Centre, marking the country's entry as the third nation to achieve orbital launch capability through private enterprise. The mission, dubbed 'Mission Aagaman,' carried customer payloads and experimental equipment, with Prime Minister Narendra Modi hailing it as a defining moment in India's space journey.