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On day 118 of the Iran war, Iran's Revolutionary Guard warned against an alternative shipping route in the Strait of Hormuz, while US Secretary of State Marco Rubio arrived in Bahrain for Gulf Cooperation Council talks. Tehran called its interim deal with Washington a 'declaration of America's defeat,' and the US sought to reassure Gulf allies of its commitment to their interests.
South Korea's benchmark KOSPI index surged 5.42% on Thursday, closing at 8,930.30, as a strong earnings report from U.S. chipmaker Micron Technology sparked a rally in semiconductor stocks. The index briefly surpassed the 9,000-point mark before closing lower. Institutional buying drove the gains, while foreign and retail investors were net sellers.
Brazil and Morocco secured their places in the World Cup knockout rounds, with Brazil topping Group C and Morocco impressing in a 4-2 win over Haiti. The Round of 32 saw seven UEFA teams and four South American nations advance, including Paraguay's historic penalty shootout win over Germany. Other highlights include Ivory Coast's first-ever knockout appearance, Scotland's first World Cup victory in 28 years, and Australia's 2-0 win over Turkiye.
South Korean stocks rallied more than 5% on Thursday, with the KOSPI briefly exceeding the 9,000-point mark, driven by Micron's better-than-expected earnings that eased concerns about AI demand. Samsung Electronics and SK hynix led the gains, while the Korean won weakened against the dollar.
South Korea's defense ministry announced plans to introduce a technology-focused noncommissioned officer track as part of broader conscription reforms, aiming to attract young talent amid a demographic decline. The Army also unveiled measures to enhance job security and benefits for career noncommissioned officers by 2028.
South Korea fell 1-0 to South Africa in their final Group A match, leaving their knockout round fate uncertain. Son Heung-min was benched as the team showed little urgency, while Mexico's win over Czechia ensured their own advancement.
South Korea's 2026 FIFA World Cup ended in group-stage elimination after a 1-0 loss to South Africa, finishing third in Group A with three points and failing to crack the top eight among third-place teams. Bosnia and Herzegovina secured a spot, while Croatia's win over Ghana further narrowed South Korea's path.
Samsung Electronics held its lead as the world's largest DRAM supplier in the first quarter, with a 38% revenue share, while the global memory market is projected to more than quadruple this year on AI infrastructure investment.
South Korea and China have agreed to simplify the origin certification process and expand cooperation on services and investment under their bilateral FTA, following the 15th round of follow-up negotiations in Beijing. The two sides also pledged enhanced protection for South Korean content.
Brazil secured top spot in Group C with a 3-0 victory over Scotland, with Vinicius Junior scoring twice and Matheus Cunha adding a third. Neymar made his first international appearance in over two-and-a-half years, while Morocco earned second place after a 4-2 comeback win over Haiti.
President Lee Jae Myung vowed to build a Korean Peninsula free from the fear of war, marking the 76th anniversary of the Korean War outbreak. He also pledged sustained efforts to engage North Korea and replace the armistice with a peace regime, while reaffirming nonaggression toward Pyongyang.
During a Washington visit, South Korea’s Vice Defense Minister Lee Doo-hee urged U.S. lawmakers to support Seoul’s nuclear-powered submarine program, including the acquisition of low-enriched uranium, and the planned transfer of wartime operational control. The trip also included a bilateral defense industry conference and a Pentagon meeting with a U.S. defense official.
South Korean-operated vessels continue to clear the Strait of Hormuz following the U.S.-Iran ceasefire, with the total number of exits reaching 11 as of late June. Officials report 13 South Korean-linked ships remain in the waterway, and the HMM Namu is expected to depart in late July after repairs.
South Korean stocks opened sharply higher on Thursday, buoyed by semiconductor gains following Micron Technology's stronger-than-expected earnings, a day after the KOSPI defied Wall Street losses to advance. Yonhap reported the KOSPI added 232.40 points at Thursday's opening bell.
South Korean stocks opened sharply higher on Thursday, driven by strong earnings from US memory chipmaker Micron Technology, with the KOSPI jumping 5.61 percent. Samsung Electronics and SK hynix led gains, though the surge triggered a temporary halt in program trading.
As the 2026 World Cup group stage concludes, a new tiebreaker system and an expanded 48-team format are changing how teams qualify. Eight teams already have nothing to play for, while Mexico has secured a home knockout game and South Korea faces an uncertain path after a surprise loss.
U.S. Secretary of State Marco Rubio and Vice President JD Vance have both rejected any tolls on the Strait of Hormuz, with Vance emphasizing that international waterways must remain free. The statements come amid a 60-day negotiation period between Washington and Tehran, while South Korea-linked ships remain trapped in the strait.
The Permanent Court of Arbitration in The Hague has delivered a final ruling in the decade-long dispute between Russia and Ukraine over the rights of a coastal state in the Kerch Strait, the Sea of Azov, and the waters around Crimea. According to the Russian Foreign Ministry, the court recognized the Sea of Azov as internal waters and rejected Ukraine's claims to control resources and to designate the Kerch Strait as an international waterway. The response from Ukrainian officials has not been reported in the material.
MSCI reclassified Bulgaria as a frontier market in its latest review, while Argentina and Vietnam retained their existing statuses. Analysts weigh the potential impact on Argentina, with expectations of a possible future upgrade drawing mixed forecasts.
North Korea has commissioned its largest-ever warship, the 5,000-ton destroyer Choe Hyon, which leader Kim Jong Un says can carry nuclear-capable missiles. State media reported Kim's vow to equip the navy with nuclear weapons and plans for even larger vessels, as the country expands its naval capabilities despite sanctions.