Organization · 16 stories from 35 outlets in the last 7 days · 1,163 published stories all time
AI summarySouth Korean biopharmaceutical firm Celltrion has announced a 100 billion won share repurchase plan aimed at boosting shareholder value amid external uncertainties, while reporting a more than threefold jump in first-quarter net income.
AI summaryHD Hyundai Heavy Industries has secured a 627 billion-won contract to supply power generation equipment for a U.S. data center, its largest such deal. Separately, the company won two U.S. Navy research projects, marking the first time a South Korean firm has worked with the Office of Naval Research.
AI summarySouth Korean Agriculture Minister Song Mi-ryung met her Vietnamese counterpart in Hanoi to discuss expanding cooperation and boosting K-food exports, including a request to extend the import window for Korean melons. Separately, Seoul secured approval to export heat-treated poultry products to Vietnam, a market of over 100 million people.
AI summarySouth Korean shares dipped on Wednesday as investors weighed fresh uncertainty over U.S.-Iran negotiations, including Tehran's rejection of a second round of talks and Vice President JD Vance's postponed trip to Pakistan. President Trump's offer to extend a ceasefire until a 'unified' proposal emerges provided only limited support, with defense stocks outperforming while chips and banks lagged.
AI summaryAt the Sea-Air-Space 2026 exposition in Maryland, Hanwha Group announced partnerships with U.S. firms to develop unmanned surface vessels, strengthen shipbuilding capabilities, and collaborate on rocket propulsion. The move underscores the South Korean conglomerate's push to expand in the U.S. defense market.
AI summarySouth Korea's fuel price cap system, introduced on March 13, helped reduce consumer prices by up to 0.8 percentage point in March, according to a state-run think tank. The system also appears to have curbed fuel consumption, with gasoline and diesel sales declining year-on-year. Expanded fuel tax cuts are expected to further lower prices this month.
AI summaryNorth Korea and Russia have agreed to expand law enforcement cooperation, signing a 2026-2027 roadmap for delegation exchanges during Russian Interior Minister Vladimir Kolokoltsev's visit to Pyongyang. The talks come amid deepening bilateral ties following North Korea's troop deployment in support of Russia's war in Ukraine.
AI summaryIAEA Director-General Rafael Grossi cautioned that any US-Iran nuclear agreement lacking IAEA verification would be meaningless, describing it as an 'illusion of an agreement.' He also discussed the risks of a US invasion of Iran and voiced concerns about a potential nuclear arms race.
AI summaryPresident Trump expressed optimism about reaching a 'great deal' with Iran ahead of peace talks in Pakistan, even as Vice President Vance's trip was put on hold and Tehran has not confirmed participation. The ceasefire extension and competing signals from both sides underscore deep uncertainty.
AI summaryNorth Korea's foreign ministry has announced the appointments of new ambassadors to Britain, Indonesia, and Sweden. The moves mark the first major diplomatic reshuffle in about a decade and are seen as part of Pyongyang's efforts to reinvigorate its international diplomacy.
AI summarySouth Korean President Lee Jae Myung has returned from a six-day, two-nation trip to India and Vietnam, where he held summits focused on expanding economic cooperation in critical minerals, energy, AI, and shipbuilding. The trip was aimed at addressing global supply chain and energy market uncertainties, with agreements to upgrade the bilateral trade deal with India and deepen strategic ties with Vietnam.
AI summarySouth Korean stocks surged to a new record high on Tuesday, driven by investor optimism over U.S.-Iran peace talks and strong tech earnings. The KOSPI closed up 2.72 percent, erasing losses since the conflict began, while the won strengthened against the dollar.
AI summarySouth Korea's benchmark KOSPI closed at a record high of 6,388.47 points on Tuesday, surging 2.72 percent, as investors shifted focus to potential U.S.-Iran peace talks and a revived tech rally. The index surpassed its previous peak set on Feb. 26, with market capitalization reaching a new high of 5,236 trillion won. Analysts attribute the rebound to reduced sensitivity to Middle East tensions and optimism over chipmakers like Samsung Electronics.
AI summaryDuring President Lee Jae Myung's three-day visit to India, South Korea and India signed 20 memorandums of understanding covering steel, shipbuilding, energy, and more. The two nations aim to double bilateral trade to $50 billion by 2030 and resume negotiations to upgrade their trade agreement.
AI summaryDuring a bilateral summit in New Delhi, South Korean President Lee Jae Myung and Indian Prime Minister Narendra Modi witnessed the signing of 20 memorandums of understanding between companies from both nations, covering sectors such as steel, shipbuilding, energy, and technology. Key agreements include a joint shipyard venture between HD Hyundai and Indian government-backed entities, an electric three-wheeler collaboration between Hyundai Motor and TVS Motor, and a steel mill investment by POSCO Holdings with JSW Group.
AI summarySouth Korean President Lee Jae Myung, Indian Prime Minister Narendra Modi, and Samsung Electronics Chairman Lee Jae-yong posed for a selfie during a state luncheon in New Delhi, using a Samsung Galaxy Z Flip7. The image highlights Lee's diplomatic style, following a previous selfie with Xi Jinping using a Chinese smartphone.
AI summarySouth Korea has handed over the remains of 12 Chinese soldiers killed during the 1950-53 Korean War to China in a ceremony at Incheon International Airport. The event, held publicly for the first time in three years, reflects improving bilateral ties between Seoul and Beijing.
AI summarySouth Korean stocks traded sharply higher on Tuesday, poised for a new record, as investors welcomed progress in U.S.-Iran peace talks and strong corporate earnings. The KOSPI rose about 2% to 6,343 points despite overnight declines on Wall Street. Key heavyweights including Samsung Electronics and SK hynix gained, while battery maker LG Energy Solution jumped over 8%.
AI summarySouth Korea's exports rose sharply in the first 20 days of April, led by a 182.5% jump in semiconductor shipments, according to customs data. Separate government figures show ICT exports in April surged 125.9% year-on-year, accounting for nearly half of total outbound shipments. The U.S. and China remained key markets, with exports to the U.S. nearly tripling in some periods.
AI summarySouth Korea's benchmark KOSPI index on April 21 rose above its level before the U.S.-Iran conflict, buoyed by easing geopolitical concerns and strong chipmaker expectations, though lingering volatility and the scale of foreign selling remain cautionary factors.