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The Detroit Tigers have traded South Korean reliever Go Woo-suk to the Minnesota Twins, leading to his MLB debut. Go, who previously starred in the KBO, has struggled in his early appearances, posting a 9.00 ERA.
K-pop group Ateez reached No. 1 on the U.S. Billboard 200 with 'Golden Hour: Part. 5,' its third chart-topper, after earning 228,000 equivalent album units. The album also set the group's first-week sales record in South Korea with over 1.88 million copies sold.
South Korea announced plans to launch a new fund dedicated to securing future growth engines using additional tax revenue from the booming semiconductor industry. The fund will support major initiatives in semiconductors, AI, and data centers, and aims to address economic polarization and youth employment.
President Donald Trump celebrated America's 250th anniversary with a speech on the National Mall, highlighting the nation's achievements and potential while acknowledging challenges abroad and at home. Meanwhile, South Korean President Lee Jae Myung congratulated the U.S., calling South Korea a 'precious partner' and emphasizing the alliance's future cooperation.
South Korea successfully launched its fourth next-generation medium-sized Earth observation satellite aboard a SpaceX Falcon 9 rocket from Vandenberg Space Force Base. The satellite, equipped with a homegrown camera, entered low-Earth orbit and is expected to begin full-scale service in the first half of 2027.
Police in South Korea are searching for an individual who posted an online message claiming a bomb had been planted at Gwangju Jeil High School. The threat appears linked to a controversy over trash talk by baseball players from Pai Chai High School. Authorities searched the school and found no explosive device.
North Korean leader Kim Jong-un has overseen tests of a strategic cruise missile and other weapons from a newly built 5,000-ton destroyer, ordering its commissioning within two months. State media also reported plans for a rapid naval buildup, including two large surface combatants each year.
The South Korean won strengthened against the U.S. dollar on Friday, supported by weaker-than-expected U.S. employment growth and a firmer Japanese currency. The won closed at 1,525.6 per dollar, its strongest level since mid-June, while Seoul's main stock index surged nearly 6 percent.
South Korea's presidential office has denied a U.S. House Judiciary Committee report accusing the country of discriminatory treatment of Coupang. National Security Adviser Wi Sung-lac said the investigation is conducted without discrimination, while parliament and the foreign ministry also expressed regret over the report.
Actor Kim Min-ha discusses her role in the Danish-Korean film 'Hana Korea,' which portrays the lives of North Korean defectors in South Korea. The film, based on true stories and interviews, premiered at the Busan International Film Festival and is set for release on July 8.
Hyundai Motor Group announced plans to invest 42 trillion won over the next decade to establish next-generation mobility and physical AI hubs in southeastern South Korea, with Vice Chairman Jang Jae-hoon presenting the roadmap at a briefing in Jinju. The broader initiative sees major conglomerates pledging a combined 312 trillion won for cutting-edge industries across the region, as reported by Yonhap.
South Korean President Lee Jae Myung is scheduled to attend the NATO summit in Ankara before making a state visit to Mongolia, where he will hold a summit with President Ukhnaagiin Khurelsukh. The visit marks the first by a South Korean president to Mongolia in 15 years, with Lee also expected to participate in a business forum and the Naadam Festival.
South Korea's bourse operator has repeatedly activated a buy-side sidecar for the KOSPI as the index surged on tech and semiconductor gains. The mechanism suspends program trading for five minutes when the KOSPI 200 Futures index rises 5% or more for at least one minute.
South Korea's government is implementing financial support measures for workers and partner companies of Homeplus after the Seoul Bankruptcy Court terminated the retailer's rehabilitation proceedings, including substitute wage payments, low-interest loans, and liquidity support for small merchants.
Pai Chai High School's baseball team has been suspended for six months by the Korea Baseball Softball Association after players mocked opponents with references to a controversial Starbucks Korea promotion. The alumni association has pleaded for leniency, citing the impact on seniors' draft prospects.
A Seoul court has extended Homeplus' rehabilitation proceedings until September after the retailer appealed a decision to terminate them. The move follows a 200 billion won funding agreement backed by its largest creditor Meritz Financial Group and owner MBK Partners, while the government and banks have stepped in to support affected workers and suppliers.
President Lee Jae Myung's approval rating rose to 54 percent in early July after hitting its lowest level in late June, according to Gallup Korea. The rebound was partly attributed to the government's 'three mega projects' initiative, though economic concerns still weighed on respondents.
The South Korean Navy has named a new 3,600-ton submarine 'Seo Hui' after a Goryeo-era diplomat and a new frigate 'Pyeongtaek' after a key port city. Both vessels are under construction and expected to be delivered in 2028 and 2027, respectively. In separate news, the Navy received the ROKS Gyeongbuk frigate, the second of its class, which will begin operational service after six months of training.
Seoul stocks opened higher and extended gains on Friday as investors bought bargain-priced semiconductor shares following the previous session's sharp sell-off. The KOSPI rose as much as 2.11 percent by late morning, buoyed by reports of AI startup Anthropic in talks with Samsung Electronics. Overnight, U.S. markets were mixed, with the Dow hitting a record high while the Nasdaq fell on semiconductor weakness.
Gen. Xavier Brunson, commander of U.S. Forces Korea, visited the Khaan Quest multinational peacekeeping exercise in Mongolia, emphasizing deeper cooperation among U.S. allies and partners. The exercise, involving troops from up to 18 countries, included field training and counter-unmanned aerial system drills, with South Korea's Marine Corps participating since 2006.