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President Lee Jae Myung announced that all but two South Korean-operated vessels have left the Strait of Hormuz, following a preliminary US-Iran deal. He cautioned that the crisis is not over and called for continued crisis management.
South Korea plans to downgrade its resource security crisis warning for crude oil to Level 2 and fully lift the natural gas alert, citing stabilized global oil prices amid US-Iran peace talks. The government will also end the vehicle rotation system.
The South Korean won weakened to a fresh 17-year low against the U.S. dollar on June 30, as foreign investors continued selling local stocks. Despite the currency's slide, the KOSPI rose, and analysts noted pressure from a strong dollar and a weak yen. Later in July, the won showed signs of recovery as foreign buying resumed.
Yonhap reported South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street as easing Middle East tensions boosted investor sentiment. The KOSPI was up 0.68% at the open, before paring gains to 0.11% by 11:20, with major stocks showing mixed moves and battery shares falling.
Paraguay defeated four-time champions Germany 4-3 on penalties in the World Cup round of 32, after a 1-1 draw. The result eliminated Germany, which had never lost a World Cup penalty shootout before, and triggered a national holiday in Paraguay.
South Korea's industrial output fell 0.3 percent in May, driven by a 10 percent decline in semiconductor production, which officials attribute to base effects and volume adjustments. Retail sales edged up 0.1 percent, while facility investment dipped slightly.
South Korea's national football team returned home to a divided reception: head coach Hong Myung-bo faced boos and anger after resigning following the team's early World Cup exit, while captain Son Heung-min was greeted with encouragement from supporters. The government has announced an audit into the Korea Football Association's operations.
Ship tracking data shows a sharp fall in commercial transits through the Strait of Hormuz after Iran announced it was closing the waterway again, with reports of vessels slowing or halting. The US Central Command disputes closures and says it has helped over 800 vessels transit since early May.
Malaysia is seeking 226 million euros in compensation from Norway's Kongsberg after Oslo revoked export licences for a Naval Strike Missile deal, despite Kuala Lumpur having paid about 95 percent of the contract. The defence ministry has shortlisted four potential suppliers, with speed of delivery and compatibility with its littoral combat ships as key criteria.
The 2026 World Cup knockout stage kicks off with South Africa vs Canada, while Brazil, Germany, and the Netherlands play on Monday. Canada celebrated a historic first knockout win, Iran exited heartbreakingly, and South Korea's coach resigned.
President Lee Jae Myung announced a massive investment initiative to boost South Korea's semiconductor, physical AI, and AI data center sectors, including an 800 trillion-won plan from Samsung and SK Group. The government also revealed plans to invest over a quadrillion won in AI data centers by 2035. Opposition parties criticized the regional focus, but Lee dismissed the claims.
South Korean and East Timorese foreign ministers met in Seoul and agreed to broaden cooperation in climate change, infrastructure, human resource development, and other areas. The visit marked the first official trip by an East Timorese foreign minister since 2002.
The South Korean won has plunged to its weakest level in 17 years against the U.S. dollar, driven by foreign investors selling off local stocks and renewed Middle East tensions. The currency has fallen nearly 6% this year, with the exchange rate breaching 1,500 won per dollar.
SK Group announced plans to invest 2,100 trillion won to enhance South Korea's AI value chain, including new semiconductor clusters and AI data centers, in line with the government's 'three megaprojects' initiative. SK Telecom unveiled a 140 trillion won investment to transform the Yeongnam region into an AI hub, starting with a 100-megawatt hyperscale data center in Ulsan.
Defense Minister Ahn Gyu-back vowed to build a strong military during a ceremony marking the 24th anniversary of the Second Battle of Yeonpyeong, a 2002 naval clash with North Korea that killed six South Korean sailors.
South Korean stocks closed lower on Monday as renewed U.S.-Iran tensions and rising oil prices fueled investor caution, with tech shares leading declines. The KOSPI fell 0.2 percent, while Samsung Electronics and SK hynix dropped sharply before paring losses on investment news.
Stephen Eustáquio's stoppage-time goal gave Canada a 1-0 win over South Africa in the World Cup round of 32, sending the co-hosts into the last 16 for the first time. Canada will face the winner of the Netherlands-Morocco clash, while South Africa exits with pride despite the loss.
South Korea announced plans to build a new semiconductor production base in the southwestern region, backed by 800 trillion won in corporate investment from Samsung and SK hynix. The project is part of the government's 'three mega projects' initiative, with President Lee Jae Myung set to review progress in a meeting with industry executives. Energy policy and infrastructure concerns have emerged as key challenges.
South Korea has announced a sweeping industrial strategy centered on semiconductors and artificial intelligence, with President Lee Jae Myung pledging over $650 billion in investments. The plan, which includes major contributions from Samsung Electronics and SK Hynix, aims to secure global leadership in the AI chip market and promote balanced regional development.
The NC Dinos released Matt Davidson, their former home run leader, who was then picked up by the last-place Kiwoom Heroes. The Heroes released Nathan Wiles to make room, while the Doosan Bears released Chris Flexen and Daz Cameron. Additionally, the Heroes placed Kenny Rosenberg on the inactive list due to injury.