- January 23rd, 2026
South Korea’s Trade Minister Yeo Han-koo on Saturday (Jan. 17) said that a new U.S. proclamation imposing a 25 per cent tariff on certain advanced computing chips is expected to have a limited immediate effect on South Korean companies. “While...
A South Korean court on Thursday sentenced former President Yoon Suk Yeol to five years in prison for obstructing authorities’ attempts to arrest him following his failed attempt to impose martial law in December 2024. The ruling marks the first...
South Korea’s central bank is widely expected to keep its benchmark interest rate unchanged at 2.50 per cent on Thursday, as weakness in the local currency and lingering inflation risks constrain the scope for further monetary easing, according to economists...
Samsung Electronics Co., South Korea’s largest company, reported a record-breaking quarterly profit after global demand for AI-powered servers drove memory chip prices sharply higher. The tech giant posted a preliminary operating profit of 20 trillion won ($13.8 billion) for the...
South Korean prosecutors on Friday sought a 10-year prison sentence for former president Yoon Suk Yeol over offences linked to his short-lived declaration of martial law last year, a dramatic episode that plunged the country into its most serious political...
Hanwha Aerospace has become the first South Korean defense company to officially take ownership of its own weapons platforms, marking a major shift in the country’s defense-industrial landscape. The milestone follows a landmark amendment to national arms export regulations, enabling...
South Korea has finalized its national defense budget for 2026 at KRW 65.8642 trillion (approximately $44.7 billion), marking a 7.5% increase over the previous year’s allocation, the Ministry of National Defense (MND) announced on December 3. The increase represents the...
In a move that marks a major shift in both U.S. defense cooperation and South Korea’s military ambitions, President Donald Trump announced on October 29 that the U.S. government has granted approval for South Korea to construct nuclear-powered submarines on...
The political turbulence gripping South Korea, the Seoul Central District Court early Thursday issued a detention warrant for former President Yoon Suk-yeol, a once-powerful figure now facing a cascade of criminal charges. The warrant, granted at the request of independent...
In a rare and risky crossing that underscores both the desperation of life under the North Korean regime and the persistent geopolitical tensions on the Korean peninsula, a North Korean national was apprehended by South Korean forces on Thursday (July...
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