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SK hynix plans to raise up to 45.45 trillion won through a stock offering tied to the listing of its American depositary receipts on the Nasdaq, with proceeds earmarked for chip production facilities in South Korea and EUV equipment. The company has resubmitted an amended registration with the U.S. SEC, and the listing is expected to be the largest-ever U.S. equity debut by a foreign company.
South Korea will hold a ceremony on Thursday marking the 76th anniversary of the Korean War, honoring troops and conferring military honors, according to the veterans ministry. A separate event this week commemorates 242 Korean students from Japan who fought for U.N. forces but were denied re-entry to Japan after the war.
President Lee Jae Myung visited a front-line Marine Corps unit on Yeonpyeong Island, vowing strong deterrence and reform of military service. He also pledged a peaceful Korean Peninsula free from war fears at a ceremony marking the 76th anniversary of the Korean War.
Seoul's city council has approved an ordinance to provide free bus rides for residents aged 70 and over, a move also tied to discussions on raising the free subway age. The policy, a campaign pledge by Mayor Oh Se-hoon, aims to support seniors in areas without subway access while addressing Seoul Metro's financial deficit.
Indian External Affairs Minister S. Jaishankar and South Korean Foreign Minister Cho Hyun met in Seoul to review bilateral cooperation and exchange views on the Middle East. The discussions focused on follow-up measures from the April summit and enhancing ties in economy, defense, and technology. Jaishankar also spoke at the Jeju Forum, calling for greater opportunities for the Global South.
South Korea's military has taken a North Korean soldier into custody after he crossed the heavily fortified border, in what is believed to be a rare defection. The incident marks the fourth such crossing since the Lee Jae Myung administration began last year, raising questions about border security and defection routes.
A new Pew Research Center survey across 36 countries finds only 23% of adults trust President Donald Trump on world affairs, with confidence dropping in most nations with trend data. Views of the US itself are also largely negative, and assessments of its reliability and role are worsening.
Lee Jung-hoo hit his fifth home run of the season, a career-long 414-foot blast, as the San Francisco Giants beat the Athletics 3-1. The South Korean outfielder raised his batting average to .331, second-best in MLB.
Two Korean American lawmakers emphasized their dedication to strengthening U.S.-South Korea ties, addressing economic challenges and regional security. Sen. Andy Kim and Rep. Young Kim spoke at separate events, with Kim highlighting shipbuilding investments and Young Kim calling for trilateral deterrence against North Korea, China, and Russia.
China’s LineShine has overtaken the US-based El Capitan as the world’s fastest supercomputer, according to the latest TOP500 list. The Shenzhen-based machine, built with Chinese-designed processors, achieved 2.198 exaflops and is the first to exceed two exaflops using only CPUs. The US still holds three of the top five spots, with El Capitan dropping to second.
The United Nations Command has stated that North Korea's recent fencing and landmine operations along the inter-Korean border do not violate the Armistice Agreement, countering South Korea's claims. The UNC says the activities fall under 'Civil Administration' and are exempt as long as they remain north of the Military Demarcation Line without heavy weapons.
Two Yonhap reports from late June 2026 detail South Korean-operated vessels exiting the Strait of Hormuz after the U.S.-Iran ceasefire. One report says eight ships carrying 37 sailors left, reducing remaining ships to five; the other says four ships with 26 sailors left, with 18 remaining. Tehran has agreed to waive transit fees for 60 days.
The Seoul International Book Fair opened Wednesday at COEX, expecting 150,000 visitors amid a 'text-hip' reading trend. The 68th edition features 538 exhibitors from 18 nations, with France as guest country of honor. First lady Kim Hea Kyung delivered a congratulatory speech at the opening.
MSCI has kept South Korea in its emerging markets index, citing limited won convertibility and unresolved accessibility issues. The finance ministry says it will continue reforms and hopes for watch-list inclusion later this year.
President Lee Jae Myung hosted foreign ambassadors and heads of international organizations for a dinner at Cheong Wa Dae, featuring Korean dishes and discussions of South Korea's foreign policy. The event highlighted recent diplomatic outcomes and included a halal-certified menu.
South Korean Prime Minister Kim Min-seok met with Chinese Premier Li Qiang on the sidelines of the Summer Davos Forum in Dalian, calling for elevated bilateral exchanges and China's constructive role in Korean Peninsula dialogue. Kim also met Chinese businesspeople in Beijing and attended the World Economic Forum meeting.
Seoul's appellate court upheld acquittals of former National Security Adviser Suh Hoon and former Coast Guard chief Kim Hong-hee over alleged involvement in a cover-up related to the 2020 death of South Korean fisheries official Lee Dae-jun. The court ruled that statements by the Moon administration, though 'rash,' did not constitute false information. The prosecution announced it will not appeal, finalizing the verdicts.
South Korea's benchmark KOSPI index plunged nearly 10 percent on Tuesday, triggering a circuit breaker for the fourth time this year, as foreign investors dumped semiconductor shares amid a global tech slump. The index rebounded sharply the following morning as individual investors went bargain hunting, with Samsung Electronics and SK hynix leading the recovery.
Prime Minister nominee Han Seong-sook has sold three of her four homes, leaving one in Seoul's Samcheong-dong, as she faces a two-day confirmation hearing marked by opposition criticism over property ownership and other controversies. The ruling Democratic Party, holding a parliamentary majority, is expected to approve her nomination despite concerns about the hearing's scrutiny.
South Korean companies saw a sharp 13.5% on-quarter increase in sales in the first quarter of the year, with manufacturing leading the gains, according to Bank of Korea data. The operating profit-to-sales ratio jumped to 13.2%, while the average debt-to-equity ratio fell to 87%. The upbeat figures contrast with slower full-year 2025 sales growth, which was hampered by petrochemical oversupply and U.S. tariffs.