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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.
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.
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.
BTS's cultural program 'The City' will be staged in London and New York alongside the group's 'Arirang' world tour stops, featuring landmark illuminations, a British Museum partnership, and a fan event at Grand Central Terminal.
South Korea's weather agency issued heat wave advisories for Seoul and surrounding areas in June, with alerts later expanded to cover the entire capital. Advisories are triggered when apparent temperatures are expected to stay at or above 33°C for two or more consecutive days.
South Korean golfer Ryu Hae-ran won her maiden LPGA major at the KPMG Women's PGA Championship, finishing at 13-under 275 to beat fellow countrywoman Yoon Ina by two shots. The win came after Ryu took a month off to recover from an abdominal injury, and she became the first player in 60 years to win a major after trailing by 10 or more shots after the first round.
Ryu Hae-ran won her first LPGA major at the KPMG Women's PGA Championship, coming from 10 strokes back after the first round to win by two. The victory moves her to No. 7 in the world rankings, while runner-up Yoon Ina climbs to a career-high No. 17.
Hong Myung-bo stepped down as head coach of South Korea's men's national football team on Sunday, a day after the team was eliminated from the 2026 World Cup group stage. He led the team to a third-place finish in Group A with three points, failing to advance as one of the best third-place teams. This was his second World Cup as head coach, having also failed to progress past the group stage in 2014.
President Lee Jae Myung vowed to resolve the issue of South Korean citizens abducted by North Korea during the Korean War through dialogue and cooperation. The pledge came at an event marking the Korean War Abductees Remembrance Day, as the government also confirmed close coordination with the U.S. on North Korea's recent missile tests.
During talks in Seoul, the defense ministers of South Korea and Japan agreed to expand bilateral exchanges and cooperation, including in advanced technologies such as AI, and to continue joint exercises. They also affirmed their commitment to the denuclearization of the Korean Peninsula, as reported by Yonhap and TASS.
South Korean and Japanese defense ministers are set to meet in Seoul on Sunday to expand defense cooperation amid warming bilateral ties. The talks follow a recent resumption of joint maritime exercises and a reciprocal visit by Japanese Defense Minister Shinjiro Koizumi.
Nearly 10 Chinese and Russian military aircraft briefly entered South Korea's air defense identification zone, prompting Seoul to scramble fighter jets and lodge a protest with both countries. The aircraft did not violate South Korean airspace, and the patrol was described by Russia and China as a joint strategic exercise.
A court in Seoul has issued an arrest warrant for a man in his 70s accused of stabbing another man with a sickle at the Ilmin Museum of Art. The suspect, who fled the scene before being apprehended, also faces charges of preparing to commit arson. The victim sustained non-life-threatening injuries.
Japanese Defense Minister Shinjiro Koizumi arrived in Seoul for a two-day visit, reciprocating a January trip by his South Korean counterpart. The visit includes talks on expanding bilateral defense cooperation and follows the first-ever refueling of a South Korean military aircraft by Japanese forces.
South Korea have been eliminated from the 2026 FIFA World Cup after finishing 10th among the 12 third-place teams. Despite a strong start, a loss to South Africa left them at the mercy of other results. Senegal claimed the final knockout spot on goal difference.
South Korea's Second Vice Foreign Minister Kim Jina attended the Pax Silica Summit in Washington, where discussions focused on AI supply chain security and semiconductor cooperation. The U.S. announced the 'Pax Pass' project and a $50 million commitment to advance AI product shipping through Panama.
Yonhap News Agency hosted the annual Korean Peninsula Symposium in Seoul, co-hosted by the Ministry of Unification and the Institute for National Security Strategy. Unification Minister Chung Dong-young called for a practical, phased approach to the North Korean nuclear issue, while President Lee Jae Myung reaffirmed a commitment to pragmatic diplomacy.