Seoul

capital of South Korea

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South Korean lawmakers pass law to manage massive U.S. investments
politics Mar 12, 2026, 7:53 AM
South Korean lawmakers pass law to manage massive U.S. investments
  • South Korean lawmakers approved legislation to manage $350 billion in U.S. investments, fostering governmental efforts to ward off unfavorable tariffs.
  • The law establishes a public corporation to oversee investment projects, aiming to align with Korean and U.S. trade mandates.
  • Concerns were raised by opposition lawmakers about potential risks to local interests and economic autonomy amid rising trade tension.
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South Korea demands removal of pro-war banner from Russian embassy
politics Feb 23, 2026, 1:02 PM
South Korea demands removal of pro-war banner from Russian embassy
  • The Russian embassy in Seoul displayed a large banner in support of its war efforts in Ukraine.
  • South Korea's Foreign Ministry requested that the embassy remove the banner, citing it as a violation of international law.
  • The ongoing tension highlights the complexities in South Korea-Russia relations and military threats posed by North Korea.
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South Korea denies discrimination against Coupang amid investor concerns
politics Jan 23, 2026, 12:06 PM
South Korea denies discrimination against Coupang amid investor concerns
  • The South Korean Prime Minister assured US lawmakers that there was no discrimination against Coupang after a significant data breach affected the company.
  • Coupang faced lawsuits and a public backlash following the exposure of personal data for over 33 million customers.
  • The ongoing investigation has sparked concerns about potential trade disputes between the US and South Korea regarding the treatment of American companies.
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South Korea deploys powerful missile against North Korea's nuclear threat
military conflicts Jan 19, 2026, 11:53 AM
South Korea deploys powerful missile against North Korea's nuclear threat
  • South Korea has implemented the Hyunmoo-5 ballistic missile as part of its military strategy amidst rising nuclear threats from North Korea.
  • The missile is capable of delivering an 8-ton warhead, targeting underground facilities associated with North Korea's missile program.
  • This deployment signifies a shift in military dynamics in the region and highlights the growing tensions between South and North Korea.
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military conflicts Jan 16, 2026, 5:20 AM
Fire forces evacuation in Seoul's last shanty town
  • A fire broke out in Guryong village, leading to widespread destruction of makeshift homes.
  • Over 1,200 personnel were deployed to manage the situation and search for victims.
  • The incident highlights ongoing social issues related to urban development and income inequality in South Korea.
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Former South Korean president Yoon faces death penalty demand over rebellion charges
politics Jan 13, 2026, 1:46 PM
Former South Korean president Yoon faces death penalty demand over rebellion charges
  • An independent counsel in South Korea requested a death sentence for Yoon Suk Yeol for his martial law attempt.
  • Evidence presented in court suggested Yoon aimed to eliminate political rivals and maintain his power.
  • The court's verdict is anticipated next month, with discussions about possible life imprisonment.
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Asian markets shut down for New Year's, trading mixed elsewhere
business Dec 31, 2025, 3:21 AM
Asian markets shut down for New Year's, trading mixed elsewhere
  • Major Asian stock markets closed for New Year's holidays, leading to limited trading activity.
  • Taiwan's Taiex index rose 0.7% while the U.S. stock markets faced declines.
  • The mixed trading environment reflects ongoing global economic uncertainties.
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South Korean president considers apology to North Korea over military tensions
politics Dec 3, 2025, 8:20 AM
South Korean president considers apology to North Korea over military tensions
  • South Korean President Lee Jae Myung is considering an apology to North Korea over past military tensions.
  • He faces political challenges, balancing calls for reconciliation with domestic criticisms.
  • Lee's presidency aims to improve inter-Korean relations despite previously strained ties.
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Global stock markets plunge amid concerns about AI spending bubble
business Nov 18, 2025, 1:00 AM
Global stock markets plunge amid concerns about AI spending bubble
  • Asian stock markets have fallen sharply due to declining investor confidence in the tech sector.
  • Widespread anxiety over AI investments has led to almost universal sell-offs across global markets.
  • Analysts warn that the tech sector's performance in upcoming earnings reports will be critical amid concerns of a potential market correction.
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