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south korea
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Yonhapworld4 hrs ago
South Korean refiner shares rise while broader market falls after Russia bans diesel exports
SK Innovation and S-Oil shares climbed more than 5 percent on July 13 after Russia halted diesel exports. The move followed Ukrainian attacks on Russian refineries and tightened global supplies.
world17 hrs ago
SK Hynix Falls 15 % After Record U.S. Listing While Remaining Up 160 % for the Year
SK Hynix shares fell 15% in Seoul on Monday after its $26.5 billion U.S. ADR debut. The selloff spread to other memory stocks and triggered a market-wide halt on the KOSPI.
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Yonhapworld17 hrs ago
Seoul Court Denies Bail to Former Yoon Chief of Staff, Citing Evidence Concerns
The Seoul Central District Court rejected bail for Kim Dae-ki on July 13, 2026, in a case involving alleged diversion of 2 billion won for presidential residence renovations. Yonhap reported the decision cited risks of evidence destruction.
France 24world17 hrs agoUpdated
South Korean Court Sentences Former President Yoon to Two Years, Appeal Possible
The Seoul Central District Court on Monday sentenced former President Yoon Suk-yeol to two years in prison for violating political funding laws. The ruling concerns 14 rounds of free opinion polling services valued at 270 million won.
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Yonhapfinance21 hrs ago
KOSPI Falls 8.95 Percent to 6,806.93 After 20-Minute Circuit-Breaker Halt
Seoul's benchmark index fell 669 points on July 13 amid heavy selling in technology stocks. A 20-minute trading halt marked the seventh circuit breaker activation this year.
Yonhapworld21 hrs ago
South Korea Launches Task Force on Stalking and Dating Violence After Namyangju Murder
A government task force launched Monday to address gaps exposed by recent stalking murders. It announced 20 measures focused on laws, coordination, victim support and awareness.
Yonhapworld22 hrs ago
Special Counsel Summons Former First Lady Kim Keon Hee Over 2022 Residence Relocation
A special counsel team investigating alleged irregularities in the 2022 presidential residence move has summoned former first lady Kim Keon Hee for questioning Sunday morning. The probe centers on the selection of interior design company 21 Gram for renovations in Seoul's Yongsan…
koreatimes.co.krworld22 hrs ago
Christopher Nolan and Matt Damon to Appear on South Korean Talk Show
Filmmaker Christopher Nolan and actor Matt Damon will guest on the South Korean program 'You Quiz on the Block' during an August visit to Seoul. The appearance was announced July 13 by broadcaster tvN to promote the film 'The Odyssey.'
world22 hrs ago
AMCHAM Launches K-Doorknock Program for Korean Firms in U.S.
The American Chamber of Commerce in Korea announced a new initiative Monday to help Korean companies expand operations and investments in the United States. The four-day program in Washington, D.C., includes meetings with U.S. officials and lawmakers.
Yonhapworld22 hrs ago
Choi Soo-young Cast as Criminal Leader in 'Okay! Madam 2'
Singer-actress Choi Soo-young joined the cast of the action comedy sequel as Anya during a July 13 press conference in Seoul. The film reunites much of the original ensemble and is scheduled for release on August 12.
Yonhapworld22 hrs ago
Jung Chung-rae Joins Five-Way Race for Democratic Party Leadership, Denies Presidential Ambitions
Jung Chung-rae declared his reelection bid for Democratic Party leader on July 13. He faces four challengers in the August 17 national convention. The winner will oversee candidate nominations for the 2028 parliamentary elections.
Yonhapworld22 hrs ago
South Korea Plans Semiconductor and AI Projects Needing 24.7 GW Extra Power, with Nuclear Timeline Unclear
President Lee Jae Myung and industry leaders unveiled mega projects on June 29 targeting semiconductors, AI data centers and physical AI. The plans include a new cluster in Gwangju and existing construction in Yongin.
koreatimes.co.krworld1 day ago
Bank of Korea Report Says Global Chip Market Remains Undersupplied
The central bank stated that AI-driven demand continues to outpace supply expansion. It submitted the assessment to Rep. Park Sung-hoon on July 13, 2026.
Yonhapworld1 day ago
Seoul court to rule on charges against former President Yoon Suk Yeol over free opinion polls
A Seoul district court is scheduled to deliver its verdict Monday for former President Yoon Suk Yeol on charges of accepting illegal donations in the form of free opinion polls. The hearing at 2 p.m. also covers co-defendant Myung Tae-kyun.
forbes.comtechnology1 day ago
Samsung and SK Hynix Plan $518 Billion Joint Investment in Memory Sites
Samsung and SK hynix will build four new memory fabs and an HBM hub in South Korea's Southwest Region. SK hynix is also constructing a $4 billion HBM facility in Indiana while Sandisk, Kioxia and Micron expand NAND and wafer production.
Yonhapworld1 day ago
South Korean Military Recorded 18,951 Cyberattack Attempts in 2025
Cyberattack attempts against the South Korean military reached 18,951 in 2025, the highest total in five years, according to data from the defense ministry. Most targeted website administrator privileges, and the military's Cyber Operations Command noted North Korea's apparent ad…
Yonhapworld1 day ago
South Korea and U.S. Hold First Joint Exercise on Wartime Information Operations
South Korea and the United States conducted their first joint tabletop exercise to counter foreign disinformation campaigns during wartime. The drill took place Friday at the Joint Chiefs of Staff headquarters in Yongsan with participation from multiple commands and ministries.
koreatimes.co.krworld1 day ago
Lotte Mart Opens 16th Store in Vietnam in Tay Ninh
Lotte Mart opened its 16th outlet in Vietnam on July 10 in Tay Ninh. The store devotes 90 percent of space to groceries and includes Korean food and beauty items. The company plans a 17th Vietnam store later in 2026.
koreaherald.comworld1 day agoUpdated
Navy Sailor Missing After Overnight Watch on East Sea Patrol
A South Korean Navy seaman apprentice disappeared between midnight and 2 a.m. Sunday during a patrol mission near the Northern Limit Line. The military launched a search with roughly ten ships and aircraft and notified North Korea through merchant ship channels.
yna.co.krworld2 days ago
SK Hynix Raises $26.5 Billion in Nasdaq ADR Offering
The South Korean chipmaker completed the U.S. listing this week. Proceeds will support domestic semiconductor investments and are expected to add dollar liquidity to local markets.
Yonhapworld2 days ago
Samsung to Start First Yongin Chip Plant in 2029, Two Years Ahead of Schedule
Samsung Electronics plans to begin operations at its first Yongin semiconductor fabrication plant in 2029, one to two years ahead of the prior schedule. The company will invest 2,030 trillion won in its Pyeongtaek and Yongin clusters and 400 trillion won in two Gwangju plants.
Yonhapworld2 days ago
South Korea Issues Highest-Level Heat Warnings for Gyeongsan and Pohang
The alerts took effect Sunday morning after the cities recorded highs of 39.9 C and 37.2 C the prior day. Forecasters expected temperatures to reach 39 C again on Sunday.
Yonhapworld2 days ago
Court to Hear Arrest Warrant Request for Former Army Commander Over Martial Law Allegations
A special counsel team filed an arrest warrant on July 11 for Kang Ho-pil, former head of the Army Ground Operations Command, over alleged involvement in discussions ahead of former President Yoon Suk Yeol's martial law declaration. The hearing is scheduled for Monday at the Seou…
Yonhapworld2 days ago
Police Agency Raids Gwangju Chief's Office While Lead Investigator Arrested in Murder Evidence Probe
Investigators searched the offices of the Gwangju police chief and other sites on July 11 as part of an inquiry into suspected collusion to destroy evidence in a May murder case. The probe centers on a police officer whose son faces charges of killing a high school student.
koreatimes.co.krworld2 days ago
Heat Wave Grips South Korea as Temperatures Reach 39.9 C
Temperatures climbed to 39.9 C in Gyeongsan on July 11. The Korea Meteorological Administration reported heat wave alerts across most of the country and warned of continued high apparent temperatures.
Yonhapworld2 days ago
South Korea and NATO to Begin Talks on Defense Procurement Framework
South Korean President Lee Jae Myung attended the NATO summit in Ankara this week and proposed expanding defense cooperation beyond arms sales. The two sides agreed to start negotiations on a procurement framework agreement.
prnewswire.comtechnology3 days ago
SK Hynix Sells $26.5 Billion in ADRs at $149 Each, Shares Open at $170
The South Korean chipmaker sold 177.9 million American depositary receipts at $149 each. Demand reached roughly seven times the shares offered, and trading began at a 14 percent premium.
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Yonhapsports3 days ago
KSOC Subcommittee to Decide Next Week Whether to Hear Pai Chai High School's Appeal of Six-Month Ban
A Korean Sport & Olympic Committee subcommittee will meet Tuesday to determine whether to schedule Pai Chai High School's appeal of a six-month baseball ban on July 20. The ban followed chants by Pai Chai players during a late June tournament game in Seoul.
Yonhapworld3 days ago
South Korean President Lee Jae Myung Says Shared Pioneering and Nomadic Spirits Strengthen Ties with Mongolia
South Korean President Lee Jae Myung made the remarks at a lunch meeting with South Koreans in Ulaanbaatar on July 10. He called for expanded bilateral cooperation during his three-day state visit.
Yonhapworld3 days ago
South Korea Supreme Court to Rule Next Week on Appeals in Ex-First Lady Corruption Case
The Supreme Court will deliver its verdict Thursday on charges against former first lady Kim Keon Hee. She faces a four-year prison term from an April appeals court ruling on stock manipulation and bribery allegations.
Yonhapworld3 days ago
South Korea Raises Heat Alerts to Warnings in 116 Zones
The interior ministry upgraded heat advisories to warnings in most of the country on July 10 as apparent temperatures approach 35 C. The change follows monsoon rains that began July 8 and displaced hundreds.
Yonhapfinance3 days ago
KOSPI Closes 2.52 Percent Higher at 7,475.94 on Semiconductor Rally
South Korea's benchmark index rose for a second straight session as semiconductor shares advanced after Wall Street gains. Trading volume reached 449.53 million shares worth 31.16 trillion won. Foreign investors switched to net sellers after two days of buying.
Yonhapworld3 days ago
President Lee Jae Myung Names Lim Ki-keun Policy Coordination Minister
Lim replaces Yoon Chang-ryeol at the Office for Government Policy Coordination, which assists the prime minister. The appointment follows Prime Minister Han Seong-sook's inauguration on July 1.
Yonhapworld3 days ago
Former Lawmaker Chae Yi-bae Named Chief of Staff to Prime Minister Han Seong-sook
Prime Minister Han Seong-sook's office announced the appointment on July 10. Chae will formally take the role the next day and is expected to focus on economic recovery and technology transitions.
Yonhapworld3 days ago
South Korea Picks Gwangju Airport for Chip Cluster While U.S. Notes Military Interests There
The U.S. military said July 10 it holds important interests at the Gwangju military airport, which South Korea plans to relocate for a semiconductor production cluster. Samsung Electronics and SK hynix intend to invest 800 trillion won in the southwestern Honam area.
Yonhappolitics3 days ago
South Korean Bill to Extend Yoon Probe by 30 Days Clears Subcommittee but Needs Further Votes
A parliamentary subcommittee approved legislation to prolong a special counsel investigation into former President Yoon Suk Yeol and his wife. The measure would add 30 days and increase staff assigned to the team.
Yonhapworld3 days ago
South Korea Seeks U.S. Approval for Uranium Enrichment to Support Small Reactors
Kim Ji-hoon said Thursday that Seoul gaining civilian enrichment rights would secure reliable fuel supplies and support U.S. small modular reactor development. The comments follow recent trilateral cooperation on SMR deployment and ongoing bilateral talks under the 123 Agreement.
Yonhapworld3 days ago
IU and Lee Jong-suk End Four-Year Relationship but Will Remain Colleagues
Singer-actress IU and actor Lee Jong-suk have ended their relationship that began in 2022. Their agencies confirmed the split on July 10 and said the pair will remain colleagues.
bloombergquint.comtechnology3 days ago
SK hynix sets $26.5bn Nasdaq listing price
South Korean chip maker SK hynix priced its U.S. listing at $149 per American depositary share to raise $26.5 billion. The offering is more than seven times oversubscribed.
Yonhapworld4 days ago
Acting South Korean Police Chief Apologizes Over Murder Case Evidence Controversy
Acting National Police Agency Commissioner Yoo Jae-seong apologized Friday at Incheon International Airport after cutting short a U.S. trip. The remarks addressed allegations of leaks and evidence destruction tied to a May murder case in Gwangju.
Yonhapsports4 days ago
South Korean Pitcher Allows Home Run in MLB Debut for Minnesota
Go Woo-suk pitched the ninth inning for the Minnesota Twins on July 9 and surrendered a solo home run in a 5-2 loss to the Cleveland Guardians. The right-hander became the 30th South Korean to appear in an MLB game.
Yonhapworld4 days ago
U.S. Urges South Korea to Avoid Disproportionate Burdens on Firms Under Revised Network Act
A State Department spokesperson on July 9 called on South Korea not to impose excessive requirements on U.S. companies as enforcement of the revised network act begins. The remarks cited concerns over content regulation and free speech.
Yonhapworld4 days ago
Heavy monsoon rains damage 256 facilities and force 662 evacuations across South Korea
Heavy downpours on Thursday damaged 256 facilities and prompted 662 people to evacuate, mainly in central provinces. Authorities reported one missing person and warned of continued heavy rain into Friday.
Yonhappolitics4 days ago
Flynn Says South Korea Should Rely on U.S. Security Umbrella Rather Than Develop Nuclear Arms
Michael Flynn, former U.S. national security adviser, told a Seoul forum on July 9 that South Korea should avoid nuclear weapons because they would increase tensions with other states. He instead endorsed a long-term U.S. security guarantee and cautioned that a wartime operationa…
Yonhapworld4 days agoUpdated
South Korea Labor, Management Narrow Minimum Wage Gap to 860 Won
Labor and management representatives on South Korea's Minimum Wage Commission reduced their difference on the 2027 hourly rate to 860 won during a July 9 session. The labor side proposed 11,350 won and the management side proposed 10,490 won.
Yonhapfinance4 days ago
Seoul Shares Close Higher After Institutions Offset Retail Selling
The KOSPI rose 0.62 percent to 7,291.91 on July 9 as institutions bought a net 1.29 trillion won. Retail investors sold 1.33 trillion won while the won weakened against the dollar.
Yonhapworld4 days ago
South Korean Police Form Task Force After Allegations of Evidence Tampering in Murder Case
The Korean National Police Agency announced July 9 it will create a task force to examine past cases and overhaul investigative procedures. The step follows allegations that officers leaked details and destroyed evidence in a May 2026 murder case in Gwangju.
Yonhapworld4 days ago
Seoul Court Sentences Four Former Security Officials to Prison Terms Over Blocking Yoon Arrest
The Seoul Central District Court on July 9 handed prison terms to four ex-Presidential Security Service officials for obstructing an arrest warrant against former President Yoon Suk Yeol. Sentences ranged from a suspended one-year term to five years, with three defendants ordered…
cnbc.comsports4 days ago
South Korean Parliament Schedules July 22 Hearing on National Football Body
The National Assembly's sports committee approved a hearing on the Korea Football Association after the national team's early World Cup exit. The session will examine coach selection and federation management.
Yonhapfinance4 days ago
Bank of Korea governor signals possible rate increase
The Bank of Korea governor told lawmakers Thursday that a rate hike may be needed at an appropriate time. The central bank will weigh inflation above target, growth prospects, and financial stability risks before its next policy meeting.
Yonhapworld4 days ago
South Korea, Andhra Pradesh Officials Meet in Seoul on Business Ties
Deputy Foreign Minister Chung Eui-hae met Andhra Pradesh minister Nara Lokesh in Seoul on July 9 to discuss cooperation and support for Korean companies in the state. Lokesh is visiting through July 11 under a Seoul exchange program.
Yonhapworld4 days ago
Hyundai Motor Group Completes First Sewage Sludge Hydrogen Facility in South Korea
Hyundai Motor Group finished South Korea's first clean hydrogen plant that converts biogas from sewage sludge. The Cheongju facility produces 500 kilograms daily and supports refueling for Nexo vehicles and buses. The company targets expansion to two tons per day by 2030.
Yonhapworld4 days ago
South Korea Seeks Phased Denuclearization and Improved Ties With North Korea
President Lee Jae Myung said South Korea will pursue phased denuclearization of the Korean Peninsula and normalization of relations with North Korea. He made the remarks in an interview ahead of a state visit to Mongolia.
nypost.comfinance5 days ago
South Korean brokerages raise margin requirements on major stocks
Several brokerages increased margin rates on Samsung Electronics and SK Hynix after market volatility rose. The changes require investors to post more cash when buying shares on margin.
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France 24world4 days agoUpdated
South Korea Supreme Court Upholds 7-Year Sentence for Yoon on Obstruction of Justice Charges
The final ruling affirms convictions for obstructing Cabinet deliberation and related acts tied to the December 2024 martial law declaration. Yoon remains in custody while pursuing appeals in separate rebellion and drone cases.
Yonhapworld5 days ago
North Korea Denounces South Korea-Japan Military Cooperation
North Korea on Thursday called military cooperation between South Korea and Japan a foolish act of courting self-destruction. A commentary from the Korean Central News Agency said the cooperation would not weaken North Korea's nuclear deterrence.
Yonhapbusiness5 days ago
Asian Development Bank Raises South Korea 2026 Growth Forecast to 2.6 Percent While Lifting Inflation Outlook
The Asian Development Bank lifted its 2026 growth projection for South Korea to 2.6 percent, citing global AI demand. It also raised its 2027 outlook and inflation estimates.
Yonhapworld5 days ago
Acting Police Chief to Return Early from U.S. Trip over Murder Case Probe
The acting national police chief will cut short a U.S. visit after public concern grew over the handling of a May murder case in Gwangju. The agency formed a special team and prosecutors searched a police station this week.
Yonhapworld5 days ago
South Korea designates eight platforms under revised Network Act
The Korea Media Communications Commission named eight operators subject to new duties on false information. The list includes four domestic firms and four foreign services. The rules took effect the day before the designations.
Yonhappolitics5 days ago
Prime Minister Han Seong-sook Visits Jogye Order Chief to Discuss Suicide and Lonely Death Prevention
Prime Minister Han Seong-sook met Ven. Jinwoo on July 8 to seek input on policies addressing suicides and isolated deaths. The visit follows a Cabinet directive from President Lee Jae Myung to expand life-saving measures beyond economic growth.