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South Korea's industry ministry announced a comprehensive initiative to bolster the country's shipbuilding sector, focusing on AI transformation, financial support for smaller firms, and expanding global partnerships. The plan includes significant investments and collaboration with major shipbuilders and banks.
North Korea announced Wednesday that it tested a newly developed lightweight multi-purpose missile launching system and tactical cruise missiles, with leader Kim Jong Un overseeing the exercise. State media said the tests evaluated a special mission warhead for tactical ballistic missiles and demonstrated progress in modernizing the country's artillery and missile forces.
South Korea’s KOSPI closed above 8,000 points for the first time on May 26, 2026, rising 2.55 percent as foreign investors returned to net buying on optimism over a possible U.S.-Iran peace framework. The rally, driven largely by AI-linked semiconductor shares, has lifted Korean equity market capitalization well past earlier milestones and above the estimated value of the greater Seoul housing market.
A section of the Seosomun Overpass in western Seoul collapsed on Tuesday, killing three people and injuring three others during a demolition-related safety inspection. The incident prompted campaign suspensions, transportation disruptions, and a government-ordered investigation.
South Korean stocks closed above the 8,000-point level for the first time, driven by optimism over a possible U.S.-Iran peace agreement. The KOSPI gained 199.8 points, or 2.55 percent, to close at a record 8,047.51. President Trump's comments on talks proceeding 'nicely' and falling oil prices buoyed investor sentiment.
State-run think tanks have revised South Korea's 2026 economic growth forecast upward to 2.5%, citing strong semiconductor-led exports and recovering domestic consumption. The Korea Development Institute (KDI) and the Korea Institute for Industrial Economics & Trade (KIET) both raised their projections, while noting persistent uncertainties from the Middle East conflict.
North Korea launched several projectiles, including at least one short-range ballistic missile, toward the Yellow Sea on Tuesday, according to South Korea's military. The launch, the first since April 19, was confirmed by Seoul's Joint Chiefs of Staff, which reported the missile flew about 80 kilometers.
Shinsegae Group Chairman Chung Yong-jin publicly apologized for a Starbucks Korea promotional campaign that referenced the 1980 Gwangju uprising, vowing to take responsibility and reform oversight. The apology came amid criticism from President Lee Jae-myung and civic groups, and Chung later took on leadership roles at E-Mart to oversee changes.
President Lee Jae Myung has instructed officials to speed up the acquisition of nuclear-powered submarines, citing the need to bolster self-defense amid North Korea's growing nuclear and missile threats. The move aligns with U.S. support for Seoul's submarine program and the transfer of wartime operational control. Lee also emphasized a realistic short-term goal of halting North Korea's nuclear expansion.
Foreign ministers from South Korea and over 50 African nations gathered in Seoul for the first Korea-Africa Foreign Ministers' Meeting, adopting a joint statement on cooperation amid global challenges. Bilateral talks with Libya, Chad, and Zimbabwe highlighted economic and diplomatic engagement.
LIV Golf's second Korean tournament in Busan unfolds amid the tour's financial uncertainty after Saudi Arabia's Public Investment Fund announced it will end backing after this season. Players and officials express optimism while fans enjoy the unique format and star power.
South Korea's military reported that North Korea launched at least one unidentified projectile toward the Yellow Sea on Tuesday. The launch, if confirmed as a missile, would be the first since April 19, when Pyongyang test-fired several short-range ballistic missiles. The Joint Chiefs of Staff are analyzing the details.
The Kia Tigers have released Australian shortstop Jarryd Dale, their Asian quota player, after defensive struggles and a mid-May demotion. The Doosan Bears also cut Japanese pitcher Ichiro Tamura, as KBO clubs adjust their rosters under the league's new Asian quota rule.
South Korea's oceans ministry announced plans to open a regular Arctic shipping route to Europe by 2030, with a pilot voyage from Busan to Rotterdam scheduled for September. The initiative is part of a broader strategy to transform the southeastern region into a global maritime hub, mirroring China's existing Arctic container express route.
The song 'Golden' from Netflix's 'KPop Demon Hunters' took home Song of the Year at the American Music Awards, beating out major nominees. Per Yonhap, the track has topped charts globally and won multiple awards this year.
Director Yeon Sang-ho's zombie thriller 'Colony' has become a major box-office hit in South Korea, surpassing 5 million admissions and ranking No. 1 for multiple weeks. The film has also performed strongly across Asia, setting records in Malaysia and Indonesia. This article traces its box-office trajectory and international success.
BTS won Artist of the Year at the American Music Awards for the second time, also taking Song of the Summer for 'Swim.' Katseye won New Artist of the Year, and 'KPop Demon Hunters' earned multiple awards. The fan-voted ceremony highlighted K-pop's global dominance and the group's enduring appeal after their military service hiatus.
President Donald Trump stated that negotiations with Iran are proceeding steadily, dismissing reports of a suspension, while warning that failure to reach a deal would result in renewed US attacks. Iran's foreign ministry said talks are focused on ending the war, not nuclear issues, amid ongoing Israeli strikes in Lebanon.
Kim Si-woo finished second at the CJ Cup Byron Nelson, three shots behind Wyndham Clark, who shot a final-round 60. Kim, who led by two strokes entering the final round, settled for his second runner-up finish of the year and his career-high seventh top-10 of the season.
South Korean police have launched a preliminary investigation into 37 social media accounts suspected of spreading false information about the 1980 pro-democracy uprising in Gwangju. One woman has been booked for allegedly posting an AI-generated fake newspaper clip. The probe follows growing concern over disinformation that distorts the historical event.