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President Trump's call to 'substantially' reduce US-South Korea military exercises has unsettled Seoul, which must balance alliance fidelity with the president's overture to Kim Jong-un. While some see diplomatic potential, critics warn of a weakened deterrent and a return to 'Korea passing.'
Scottie Scheffler won the St Jude Championship by eight shots, his 21st PGA Tour title and first since January. A week later at the BMW Championship, he struggled with his worst score of the season and a visible club-swinging frustration, though he remains No. 1 in FedEx Cup standings and qualified for the Tour Championship.
The United States has cancelled the Ssangyong amphibious landing exercise with South Korea, citing constraints on US forces due to the war in Iran. The move follows President Trump's order to scale back the separate Ulchi Freedom Shield exercise, raising questions about alliance reliability and prompting concerns in Seoul.
Stray Kids' new EP 'This & That' has debuted atop the Billboard 200, marking the group's ninth No. 1 album and tying the Rolling Stones for second-most among groups. The K-pop act also leads multiple charts, including Top Album Sales and Vinyl Albums, while Katseye's 'Wild' was reported separately to have claimed No. 1 in a later week.
President Trump has ordered a substantial reduction in joint US-South Korea military exercises, citing his 'very good relationship' with North Korean leader Kim Jong Un. South Korea's defence ministry said the drills would proceed as scheduled, while a Republican lawmaker expressed hope the curtailment is temporary.
US President Donald Trump has ordered the Pentagon to reduce joint military exercises with South Korea, calling them costly and a 'hostile' signal to North Korea. The announcement came as the exercises, which South Korea said would proceed as scheduled, were set to begin this week.
President Donald Trump announced that the United States will reduce joint military exercises with South Korea, citing his relationship with North Korea's Kim Jong Un and Seoul's refusal to support US efforts in Iran. The annual Ulchi Freedom Shield drills were shortened from 11 days to five, drawing reactions from allies and analysts while North Korea dismissed the move as still provocative.
Japanese Prime Minister Sanae Takaichi sent an offering to Yasukuni Shrine on the 81st anniversary of Japan's WWII surrender but did not visit in person, while several Cabinet members did. Her speech omitted the word 'remorse,' a departure from her predecessor, drawing attention amid regional reactions from Taiwan, China, and South Korea.
Record-breaking rainfall in Japan's Chiba prefecture has caused at least four deaths, widespread power outages, and flooding, with thousands stranded at Narita Airport. The Japan Meteorological Agency warned of unprecedented conditions, and while the highest alert was downgraded, risks of further flooding and landslides persist.
At an APEC digital technology and AI forum in Chengdu, ministers issued a statement supporting open-source AI models, a rare consensus in a field often framed as a US-China contest. Across Asia, governments and start-ups are building on open Chinese systems, attracted by lower costs and local data control.
The US Treasury paid its highest borrowing costs in a quarter of a century at its latest 30-year bond auction, as investors demanded a heavy premium on long-term government debt over inflation and fiscal concerns. A Treasury plan to double bond buybacks gave markets a brief reprieve, but yields quickly climbed again. Stocks were mixed globally, while the White House pressed an economic campaign against Iran.
Beijing has called on Washington to withdraw planned tariffs of up to 100% on imported drones, warning of harm to Chinese companies and global supply chains. The US, citing national security, signed a proclamation on August 13 imposing the duties, with rates capped at 15% for several allies and 10% for Britain.
The White House released a report accusing dozens of countries of enabling China's shadow transshipment network and announced an AI-powered border detection system to combat tariff evasion. Estimates suggest up to $75 billion in goods were illegally transshipped, with significant tariff revenue losses. Skeptics question whether the new enforcement tool will address underlying trade imbalances.
South Korea's managed fiscal balance deficit narrowed to a three-year low in the January-June period, driven by stronger tax revenues. Tax collections rose significantly, with income and corporate taxes leading the gains, while government spending also increased. The central government's debt declined month-on-month.
A Russian military expert says the Pacific Fleet's ongoing drills are a key strategic deterrent in the Asia-Pacific region, emphasizing the role of submarine-launched Bulava missiles and cooperation with North Korea and China. The exercises, involving 60 vessels and 13,000 troops, are framed as a response to U.S. militarization and regional threats.
The South Korean won edged higher against the U.S. dollar in recent trading sessions, supported by exporter dollar sales and falling oil prices, while traders remained cautious over U.S. inflation data and Middle East tensions. Foreign investors showed mixed activity in local stocks, with the KOSPI experiencing sharp fluctuations.
North Korea test-fired a short-range ballistic missile on Tuesday, its second such launch in under a week, prompting responses from Seoul, Tokyo, and Washington. The U.S. Indo-Pacific Command stated the event poses no immediate threat to U.S. personnel or allies, while regional officials condemned the launch as a provocation.
South Korea's privacy watchdog fined KT Corp. 53.9 billion won for a data breach affecting 16,647 users via unauthorized base stations. The company's Q2 net income fell 34.5% due to the fine, while its AI and cloud business grew 22.3%.
South Korean stocks opened higher on Wednesday, driven by gains in technology shares, despite overnight losses on Wall Street and fading optimism over a potential U.S.-Iran peace deal. The KOSPI traded up 2.35 percent in early trading, with Samsung Electronics leading gains.
North Korea fired a suspected ballistic missile into the sea east of the Korean peninsula on Wednesday, according to Japan's Defence Ministry and South Korea's military. The launch, which follows a series of weapons tests this year, occurred ahead of major joint military drills planned by South Korea and the United States.