South Korean President Lee Jae Myung called for integrating the Army, Navy, and Air Force academies into a single institution to prevent future military coups, pointing out that past coups originated from Korea Military Academy graduates.
South Korea's government is considering establishing an agency dedicated exclusively to youth policies, along with a specialized research institute, committee, and ministerial meeting, following a briefing to President Lee Jae Myung.
South Korea's Foreign Minister Cho Hyun announced plans to advance talks with the U.S. on building nuclear-powered submarines and securing rights for uranium enrichment and spent fuel reprocessing during a policy briefing.
Seoul shares surged over 3.5 percent on Wednesday, driven by easing worries over AI investments and hopes for a U.S.-Iran interim agreement regarding the Strait of Hormuz. The KOSPI climbed 3.76 percent to close at 6,598.26.
South Korean President Lee Jae Myung will preside over a closed-door meeting this week to review real estate market policies and discuss increasing housing supply to rein in soaring prices.
A large-scale retrospective featuring about 120 oil paintings and 100 archival items by late Korean painter Lee Dai-won will open this week at the MMCA Deoksugung branch in Seoul.
South Korea's foreign reserves increased by $590 million to $427.95 billion in July, marking the second consecutive monthly gain, driven by foreign exchange stabilization bonds and rising foreign currency deposits.
U.S. Treasury Secretary Scott Bessent says the U.S. and Iran could reach a deal this week to reopen the Strait of Hormuz for commercial shipping, potentially lowering oil and commodity prices.
K-pop group Katseye debuts at No. 24 on Billboard Hot 100 with "Animal"; BTS places two songs and an album on the charts, alongside other K-pop acts.
North Korea warned it will consider additional military options in response to Japan's military expansion and rearmament, while denouncing the U.S. for supporting Tokyo's push for preemptive strike capabilities.
South Korea and Bangladesh agreed in principle on a comprehensive economic partnership agreement (CEPA) during talks in Dhaka, aiming to expand trade, eliminate tariffs, and boost industrial cooperation.
South Korea's Fair Trade Commission (FTC) plans to fine conglomerate heads up to 10% of omitted affiliates' combined assets or sales for violating antitrust rules by omitting affiliates from regulatory filings, alongside tougher price-rigging penalties.
South Korean newspapers highlight key policy changes, including the stripping of investigative powers from the prosecution, housing market reforms, and economic news such as runaway household debt and tech industry deals.
US Treasury Secretary Scott Bessent states the US and Iran may finalize a deal by the end of the week to reopen the Strait of Hormuz, ensuring 'freedom of movement' for ships, which could lead to decreased oil and commodity prices as stranded vessels exit the Persian Gulf.
U.S. Treasury Secretary Scott Bessent stated that the United States and Iran could finalize a deal this week to reopen the Strait of Hormuz, focusing on freedom of movement in the vital shipping lane amidst ongoing Middle East conflict disruptions.
Coupang Inc. reported a Q2 net loss of 865 billion won ($570 million) compared to a net profit a year earlier, driven by record fines from a massive data breach involving over 37 million customers.
U.S. Treasury Secretary Scott Bessent highlighted excess volatility in the South Korean won and stressed the necessity of a stable yen following a joint U.S.-Japan currency market intervention.
South Korea's Cabinet approved a law ending prosecutors' direct investigation powers, labeled as judicial normalization. Over 3,600 votes were temporarily missing from Siheung's local election turnout data, sparking an investigation. New U.S. Ambassador Michelle Park Steel began her duties, meeting Foreign Minister Cho Hyun. South Korea strongly protested Japan's renewed claim to Dokdo in its defense white paper.
South Korea's foreign ministry protested Japan's renewed territorial claim to Dokdo islets in its defense white paper, calling for immediate withdrawal and reaffirming sovereignty.
South Korea's main opposition People Power Party (PPP) criticizes a passed bill removing the prosecution's direct investigation authority, warning it may weaken victim protection and potentially aid President Lee Jae Myung in pending trials.
Seoul shares ended higher Tuesday as retail investors bought stocks following the previous session's plunge, while uncertainty over AI and the Middle East capped gains.
A front-line South Korean Army unit nearly shot down a domestic military drone during a flight test, an opposition lawmaker said, following a similar recent mishap involving a U.S. drone.
Seoul shares closed higher Tuesday as retail investors bought stocks following a 5 percent plunge in the previous session, though AI and Middle East uncertainties capped gains.
Eight liberal student activists were apprehended Tuesday after infiltrating the K-55 Osan Air Base in Pyeongtaek, South Korea, chanting anti-U.S. slogans and later citing disputes over a semiconductor project and a chemical leak.
