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President Donald Trump said his administration will probably cooperate with South Korean and other companies on shipbuilding to reinforce the U.S. Navy, following a request to Seoul to build military vessels. The move comes as Washington seeks to address delays and cost overruns in its own shipbuilding sector.
A Pew Research Center survey found that in 25 of 36 countries, more people hold favourable views of China than the US, marking a historic shift. Views of Chinese leader Xi Jinping also surpassed those of US President Donald Trump in 22 countries, driven by declining confidence in US leadership and policies.
Coupang Inc. paid $250,000 to lobby the White House, House, and USTR in Q2 via Ballard Partners. The move came as a House Judiciary Committee report and a White House official criticized South Korea's probes into Coupang's data leak as 'discriminatory.'
England and Argentina are set to face off in the 2026 World Cup semifinal in Atlanta, reviving one of football's most storied rivalries. The match carries echoes of past controversies, from the 1966 'animals' incident to Diego Maradona's 'Hand of God' goal, set against the backdrop of the Falklands War.
England and Argentina renew their storied rivalry in the World Cup semi-finals, with Lionel Messi facing England for the first time in his career. Jude Bellingham and Harry Kane lead England's charge, while Argentina's defense looks vulnerable, setting the stage for a star-studded clash in Atlanta.
ChangXin Memory Technologies (CXMT) surged more than 470% on its Shanghai debut, becoming mainland China's most valuable listed company with a market cap of roughly 3.3 trillion yuan. The IPO raised up to 66.6 billion yuan, underscoring investor optimism about China's push for semiconductor self-sufficiency amid a global memory chip shortage.
South Korea's employment rose by 63,000 jobs in June, the first increase in two months, though manufacturing continued to shed jobs. The unemployment rate held at 2.8 percent, while youth employment declined.
The US Treasury Department has issued a general license for limited wind-down activities in the Strait of Hormuz while simultaneously imposing new sanctions on individuals, ships, and entities linked to Iran. The move follows the revocation of a license that had authorized Iranian oil sales, amid attacks on tankers in the strategic waterway.
President Donald Trump has abandoned his proposal to impose a 20 percent 'reimbursement' fee on cargo shipped through the Strait of Hormuz, instead seeking trade and investment deals with Gulf states. The U.S. naval blockade of Iranian ports has resumed, according to reports from Yonhap News Agency.
The Pakistan Stock Exchange's benchmark KSE-100 index lost over 6,400 points on Tuesday as equities experienced a massive sell-off, driven by renewed fighting between the United States and Iran. Global oil prices surged to their highest in four weeks, with Brent crude up 3.47% and US WTI crude also rising. Analysts attribute the decline to geopolitical instability, including the US reimposing a naval blockade on Iran and increased attacks in the Strait of Hormuz.
President Lee Jae Myung met Britain's Princess Anne in Seoul on Tuesday, expressing that South Koreans had been waiting for her visit. The three-day trip also included a shipyard visit and a meeting with the first lady on child protection.
South Korea's Minimum Wage Commission saw labor and management reduce their gap to just 600 won in negotiations for next year's hourly minimum wage. Labor proposed 11,150 won, management 10,550 won, with a final decision required by mid-July.
Princess Anne visited the United Nations Memorial Cemetery in Busan to honor British and Commonwealth service members killed in the Korean War, marking the 75th anniversary of the Battles of Imjin River and Gapyeong. She laid a wreath, met with South Korean veterans, and is scheduled to pay a courtesy call on President Lee Jae Myung.
South Korea's government has lifted its 2026 growth forecast to 3 percent, citing a semiconductor supercycle and easing Middle East tensions, while international bodies like the IMF and ADB project 2.6 percent. The government also outlined plans to boost exports, income, and infrastructure investment.
Na Hong-jin's sci-fi epic 'Hope' tops the South Korean box office with over 3.4 million admissions, after competing at Cannes and securing a Toronto International Film Festival screening. The film, one of the most expensive in Korean cinema, comes amid an industry grappling with declining moviegoers and rising costs.
President Trump said the U.S. will act as 'guardian' of the Strait of Hormuz and charge a 20% fee on all cargo shipped through it, while reinstating a naval blockade of Iranian ports. The announcement comes amid ongoing U.S.-Iran tensions and has raised questions about cost calculations and implications for energy-importing nations.
Recent satellite imagery and reports indicate North Korea has been reinforcing its side of the Demilitarized Zone with new fences, anti-tank barriers, and minefields, prompting concern from South Korea's Defense Ministry and the UN Command. Analysts suggest the moves are part of a broader effort to test boundaries, emboldened by Pyongyang's alliance with Moscow.
South Korea's navy recovered the body of a sailor who went missing near the maritime border with North Korea. The search operation, involving 10 ships and aircraft, found the body about 52 km east of Geojin. Seoul had asked Pyongyang for help, but received no updates. The cause of death will be investigated jointly by police and military.
A South Korean court on Monday sentenced former President Yoon Suk-yeol to two years in prison for illegally receiving opinion polling services worth 270 million won and violating political funding laws. In a separate case, he received 18 months suspended for three years for false statements during his 2022 campaign. Yoon plans to appeal both verdicts.
Brent crude has risen sharply in recent sessions as US military strikes on Iran and renewed threats to shipping in the Strait of Hormuz unsettle energy markets. Multiple outlets report gains of roughly 4 to 5 percent on different days, alongside higher European gas prices and fresh US moves to levy charges on vessels. Iran’s Revolutionary Guards claimed attacks on US bases while Washington described its actions as responses to threats against commercial shipping.