British PM Keir Starmer's political team is reportedly transferring responsibilities to allies of MP Andy Burnham, signaling a potential power shift. Burnham's recent by-election victory positions him to challenge Starmer's leadership amid eroding support for the Labour Party.
SK hynix has overtaken Samsung Electronics in market capitalization for the first time, reaching 2,091 trillion won compared to Samsung's 2,090 trillion won. This marks the first time since 2000 that Samsung has lost its top position on the KOSPI index.
The US military struck a vessel in the Caribbean on June 21, allegedly linked to terrorist organizations. Two suspected narco-terrorists were killed, and six survivors were rescued by the US Coast Guard. The operation, part of a broader campaign against narco-trafficking, has reportedly resulted in over 210 deaths since September.
Motilal Oswal Wealth Management Research Desk recommends State Bank of India (SBI) and Bharat Electronics as top stocks to buy for the week of June 22, 2026. SBI is favored for its strong deposit and lending leadership, while BEL is highlighted for its dominant position in defense electronics.
South Korea's Foreign Ministry has formed a task force to identify specific cooperation needs in the Middle East, aiming to boost Korean companies' involvement in post-conflict reconstruction and economic ties. The move follows a recent US-Iran ceasefire agreement.
Auction clearance rates in Australia's capital cities have dropped to a six-year low, with less than half of homes selling at auction. Experts cite weaker selling conditions and high interest rates, while political debate intensifies over housing affordability and tax reforms.
Investigators have sought an arrest warrant for Lee Man-hee, founder of the Shincheonji Church, accused of forcing over 50,000 followers to join the main opposition People Power Party (PPP) between 2021 and 2024 to influence election outcomes. Charges include violating the Political Parties Act and obstruction of business.
Extreme heat in India is causing prolonged school closures, forcing parents, disproportionately women, to juggle work and childcare. This disruption impacts household income, career progression, and children's education, highlighting a lack of gender-sensitive climate action plans.
Mystery thriller "The Eyes" features Shin Min-a as twins Seo-jin and Seo-in, who lose their sight to a degenerative eye disease. After Seo-in's death, Seo-jin investigates, aided by a detective, while battling her own worsening vision and a stalker.
President Lee Jae Myung's disapproval rating has exceeded his approval rating for the first time since taking office, a survey revealed Monday. The decline is attributed to ballot shortages in recent local elections and internal party strife.
Two South Korean-operated vessels have passed through the Strait of Hormuz following a US-Iran ceasefire, according to the maritime ministry. No South Korean crew are on board, and the vessels are not headed for South Korea. The number of South Korean-linked ships in the strait is now 22.
South Korean stocks rose late Monday morning, with semiconductor shares leading the gains. The KOSPI index increased by 1.03% to 9,145.79, driven by strong performances from Samsung Electronics and SK hynix. Investor sentiment was initially dampened by stalled U.S.-Iran talks and ongoing clashes.
Investigators have sought an arrest warrant for Lee Man-hee, founder of the Shincheonji Church, on suspicion of forcing members to join the People Power Party between 2021-2024 to influence election outcomes. He is accused of violating the Political Parties Act.
South Korea's military condemned North Korea's intensified border fencing near the Military Demarcation Line (MDL) as a violation of the Korean War armistice agreement. The North has been fortifying its border since April 2024, installing barbed wire fences and mines very close to the MDL.
Outgoing Prime Minister Kim Min-seok urged the ruling Democratic Party to "perfectly align and cooperate" with the government to support President Lee Jae Myung's administration, as both the president and party face declining approval ratings.
A 30-year-old man has been sentenced to four years in prison by the Incheon District Court for swindling eight victims out of approximately 390 million won (US$253,824). He targeted individuals already affected by other scams, promising to recover their lost funds or demanding upfront payments.
Kakao Games Corp. stated no decision has been made regarding a potential merger with Line Games Corp. during a shareholder meeting. The company's CFO indicated potential business partnerships and plans to target new markets like Southeast Asia, where Line has a strong presence. Two new co-CEOs were approved for appointment.
South Korea and China began a new round of follow-up negotiations on services and investment under their bilateral free trade agreement (FTA) in Beijing. The 15th round of talks, held from Monday to Friday, aims to expand the trade pact's scope and create a more predictable investment environment for South Korean companies.
South Korea's budget minister met with fiscal experts to discuss policy directions amid a surge in tax revenue, largely driven by the AI boom. The minister highlighted economic uncertainties and key challenges, while experts urged proactive investments in AI and semiconductor infrastructure.
Former Defense Minister Kim Yong-hyun has been booked by a special counsel team on suspicion of attempting to use a military intelligence unit to create a pretext for former President Yoon Suk Yeol's martial law bid. The investigation focuses on whether anti-North Korea drills were prepared to provoke Pyongyang for a martial law declaration.
The Iranian delegation has concluded its negotiations with the United States in Switzerland. Technical teams will continue consultations on June 22 to finalize agreements on a memorandum of understanding, with Qatar and Pakistan mediating.
GS Engineering & Construction (E&C) Corp. and U.S. infrastructure investor I Squared Capital will form a joint venture to develop 1.5 GW of renewable energy and battery storage in South Korea by 2035, with an estimated cost of $1.95 billion.
Premier League club Manchester City and Spanish champions Atletico Madrid will compete in the Coupang Play Series in Seoul this summer. Man City will face Team K League on Aug. 5, followed by a match between Man City and Atletico Madrid on Aug. 9.
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