South Korea's stock market, particularly tech stocks, has crashed by almost 40% in five weeks, leaving millions in debt. A previous government push for investment and loosened debt rules fueled a boom, now reversing, with global implications for the AI-driven tech sector.
South Korea's stock market, the Kospi, has collapsed by nearly 40% in five weeks, fueled by a debt-driven tech investment boom encouraged by President Lee Jae Myung. Millions of retail investors, many under 30, face significant losses and debt, prompting global concerns and accusations of policy failure against the government.
South Korean, US, and Japanese foreign ministers will meet for the first time this year during the NATO summit in Turkey. They will discuss cooperation on the Korean Peninsula, regional and global affairs, and security and economic ties, approximately nine months after their last meeting.
Two soldiers, identified as South Korean nationals, were captured in Kursk in early 2025. Seoul considers the entire Korean peninsula its territory, making them citizens. Kyiv seeks South Korean arms amid Western supply struggles, while Seoul hesitates due to the active war zone.
South Korea considers soldiers captured in Kursk in early 2025 as its nationals, per its constitution. Seoul is open to accepting defectors, amid Kyiv's push for South Korean arms and EU pressure on Seoul to supply Ukraine.
South Korean Prime Minister Kim Min-seok urged China to play a positive role in facilitating dialogue between the two Koreas and between North Korea and the US during talks with Chinese Premier Li Qiang in Dalian. Kim also sought Chinese investment in South Korea's Saemangeum project and an extension of a visa waiver program for Chinese travelers.
South Korea's Unification Ministry reaffirmed its commitment to phased, viable denuclearization solutions for the Korean Peninsula, following North Korea's reiteration of its stance against giving up nuclear weapons.
President Lee concluded his ten-day European tour, marking the start of "diplomacy with Europe." He sought to strengthen cooperation with European nations on multilateralism and free trade amidst global shifts, discussing economic and social cooperation with Belgium and Italy, and global issues at the G7 summit. He also urged international attention for Korean Peninsula peace with the Pope and President Trump.
U.S. President Donald Trump committed to playing a role in advancing Korean Peninsula issues during a meeting with South Korean President Lee Jae Myung at the G7 summit. The leaders also discussed cooperation in shipbuilding and trilateral ties with Japan.
U.S. President Donald Trump committed to playing a role in advancing Korean Peninsula issues during a meeting with South Korean President Lee Jae Myung at the G7 summit. The pledge was made during an official G7 dinner.
South Korean Unification Minister Chung Dong-young stated that South and North Korea, not external powers, should lead in resolving security issues on the Korean Peninsula. He expressed concern that other countries might overshadow the two Koreas' agency in these matters.
China faces a "Four Front Dilemma" with adversaries on its Pacific and Himalayan borders. The Taiwan Strait, Korean Peninsula, South China Sea, and the India border present unique challenges, exacerbated by a resurgent Japan, a defiant Philippines, and internal PLA leadership issues, leaving Beijing strategically constrained.
North Korea is strategically defending its nuclear arsenal by leveraging the global superpower rivalry, particularly between the US and China. As the Iran conflict concludes, Pyongyang anticipates renewed denuclearization pressure and seeks support from Russia and China to legitimize its weapons program and secure economic/military aid.
A timeline of significant events related to the Korean Peninsula, including the founding of the Goryeo Kingdom, diplomatic ties, inter-Korean summits, military exchanges, and notable incidents.
President Xi Jinping visits North Korea to boost its economy and reaffirm bilateral ties, showcasing China's global confidence and efforts to counter Pyongyang's growing closeness to Moscow.
South Korea expects China to play a constructive role in Korean Peninsula issues as Chinese President Xi Jinping prepares for a 2-day state visit to North Korea starting Monday.
South Korean Unification Minister Chung Dong-young proposed a four-way dialogue involving South Korea, North Korea, the US, and China to establish a peace regime on the Korean Peninsula. Speaking at the Ulaanbaatar Dialogue in Mongolia, he also suggested expanding the talks to include Mongolia, Japan, and Russia.
North Korea said on Friday it would deploy new long-range artillery systems this year that were capable of striking South Korea’s capital region and would commission its first naval destroyer in coming weeks. The announcement comes days after South Korea said the North’s newly revised constitution drops all references to Korean unification, in line with leader Kim Jong-un’s vows to terminate ties with South Korea and establish a two-state system on the Korean peninsula. Kim visited a munitions...
South Korean and U.S. officials met in New York to discuss nonproliferation challenges and the situation on the Korean Peninsula. Additionally, South Korea held talks with Ukraine regarding humanitarian aid and the issue of North Korean prisoners of war.
U.S. Forces Korea Commander Gen. Xavier Brunson testified that the THAAD missile defense system remains on the Korean Peninsula despite speculation it was moved to the Middle East. While no THAAD systems have been repositioned, munitions are awaiting transfer to the Middle East. Radars deployed ahead of Operation Midnight Hammer targeting Iranian nuclear facilities have not yet returned. Brunson also emphasized conditions-based OPCON transfer to South Korea and focus on capabilities over numbers for U.S. forces in Korea.
