Organization · 16 stories from 36 outlets in the last 7 days · 1,162 published stories all time
AI summaryAderlin Rodriguez, signed as a temporary injury replacement by the Kia Tigers, became the first player in KBO history to hit a home run in each of his first four career games. The 34-year-old slugger, who inked a six-week deal worth US$50,000, has provided an immediate offensive boost while filling in for injured outfielder Harold Castro.
AI summarySouth Korea's Samsung Heavy Industries has announced two significant contracts for LNG-related vessels: a deal to build two LNG carriers for an Oceania-based client worth approximately $504 million, and a separate agreement to construct an LNG floating storage regasification unit for an Asian client valued at around $329 million. The shipbuilder has reported strong order momentum this year, securing multiple deals across different vessel types.
AI summarySouth Korea and Pakistan have begun the first round of Comprehensive Economic Partnership Agreement (CEPA) negotiations, aiming to expand bilateral trade and investment. The talks, conducted virtually over four days, cover economic cooperation, investment, intellectual property, and trade remedies. Bilateral trade currently stands at about $1.57 billion.
AI summaryA South Korean court issued an arrest warrant for a man surnamed Choi, accused of smuggling and distributing illegal drugs worth 10 billion won since 2019. Choi, repatriated from Thailand, denies ties to drug kingpin Park Wang-yeol, who was extradited from the Philippines in March. The case highlights international cooperation in combating transnational drug trafficking.
AI summaryUnionized workers at Samsung Biologics have ended a five-day strike and resumed work, but they plan to continue their protest through a work-to-rule campaign. Both sides are set to resume negotiations on Monday, with the company proposing a 6.2 percent pay increase and the union demanding 14 percent.
AI summarySouth Korea's CAS500-2 Earth-observation satellite has successfully entered low-Earth orbit following a SpaceX Falcon 9 launch from California. The satellite, delayed from a 2022 launch due to the war in Ukraine, will be used for disaster monitoring and agricultural observation.
AI summaryNorth Korea has rejected US accusations of cyber threats, calling them 'absurd slander' aimed at justifying Washington's hostile policy. The denial follows US sanctions and legal actions against individuals linked to North Korean IT worker schemes, which officials say continue to fund weapons programs.
AI summaryThe People Power Party has completed its candidate lineup for South Korea's June 3 local elections, nominating Supreme Council member Yang Hyang-ja for Gyeonggi Province governor and Rep. Choo Kyung-ho for Daegu mayor. Yang will face Democratic Party Rep. Choo Mi-ae, while Choo takes on former Prime Minister Kim Boo-kyum.
AI summaryUnionized workers at Samsung Biologics continue a five-day strike, the first since the company's founding, demanding higher wages and bonuses. Management warns of significant financial losses, while negotiations remain deadlocked.
AI summaryA Pentagon official declined to comment on potential changes to U.S. forces in South Korea but stressed Washington's 'unwavering' defense commitment, as Seoul said no discussions are underway on reducing the 28,500-strong USFK. The remarks follow President Trump's announcement that the U.S. is weighing a troop reduction in Germany.
AI summaryLG Energy Solution reported a first-quarter net loss of 944 billion won amid slowing global EV battery demand, while parent LG Chem also swung to a loss. The company is pivoting toward energy storage systems and secured a major battery supply contract.
AI summaryPresident Lee Jae Myung cautioned that excessive labor demands could harm unions and other workers, as Samsung's major union threatens an 18-day strike. Meanwhile, a cargo union and BGF Logis resolved a 10-day conflict with a new collective agreement.
AI summaryFinance Minister Koo Yun-cheol participated in ASEAN+3 and ADB meetings in Samarkand, urging regional cooperation amid Middle East conflict, and held bilateral talks with Uzbek President and Japanese counterpart.
AI summarySouth Korean and Chinese officials met in Qingdao to address illegal fishing, reviewing upcoming revisions to their fisheries laws. Separately, South Korea's coast guard seized two Chinese boats in the Yellow Sea, during which one Chinese sailor died of cardiac arrest.
AI summaryA fire at a 20-story apartment building in Uiwang, South Korea, on Thursday killed two people and injured six others, according to Yonhap News. Authorities discovered a suspected suicide note at the scene, and the cause of the blaze is under investigation.
AI summarySouth Korea's Supreme Court confirmed guilty verdicts for 18 individuals in connection with a January 2025 riot at the Seoul Western District Court, sparked by a decision to extend former President Yoon Suk Yeol's detention over his martial law declaration. The court upheld prison terms, suspended sentences, and a fine for a documentary filmmaker, while the chief justice condemned the incident as a 'total denial of the rule of law.'
AI summaryThe South Korean Army is reviewing plans to deploy 'suicide drones' to battalion-level units as part of a broader modernization push, with the goal of introducing thousands of drones for training and operations by 2029. Meanwhile, the National Intelligence Service has signed an agreement with the Army to enhance drone security cooperation, reflecting the growing importance of drones in modern warfare.
AI summarySouth Korea's Hanwha Aerospace has signed a memorandum of understanding with Canada's Automotive Parts Manufacturers' Association to establish a joint venture for producing military vehicles, conditional on Hanwha Ocean winning Canada's submarine project. The CPSP, valued at $40.6 billion, pits Hanwha against Germany's Thyssenkrupp Marine Systems. A separate MOU with Alberta's government aims to boost economic ties in defense, energy, and shipbuilding.
AI summarySouth Korea's Naver Corp. reported a 31.3% year-on-year decline in first-quarter net profit, attributing the drop to foreign exchange losses on dollar-denominated debt. Despite the net profit fall, the company saw its operating profit and sales rise, with notable growth in its platform, global, and financial businesses.
AI summaryThe U.S. Federal Reserve kept its benchmark interest rate unchanged for a third straight meeting, citing elevated inflation and economic uncertainty from the Middle East conflict. The decision defies President Trump's calls for a cut, with Chair Jerome Powell's term ending soon and a Senate confirmation process underway for his successor, Kevin Warsh.