President Lee Jae Myung welcomed the US-Iran ceasefire deal, expressing hope for Middle East stability and safe passage through the Strait of Hormuz. The presidential office also welcomed the agreement but awaits confirmation on the strait's reopening.
A Seoul court denied an arrest warrant for Kim Myung-soo, former head of the Joint Chiefs of Staff, over his alleged role in former President Yoon Suk Yeol's failed martial law bid. The court cited disputable charges and the need to guarantee defense rights.
South Korea welcomed the U.S.-Iran ceasefire agreement, expressing hope for stability in the region and safe passage for vessels, including 24 South Korean-linked ones, through the Strait of Hormuz.
Twenty-two police officers have received disciplinary actions, including dismissals and demotions, for their alleged involvement in former President Yoon Suk Yeol's failed martial law attempt in 2024. The measures were decided by a disciplinary committee under the Prime Minister's Office.
Doosan Enerbility secured a 530 billion-won ($350 million) contract to build an 870-megawatt combined cycle power plant in Duqm, Oman. The project, slated for completion by 2029, aims to meet growing electricity demand in southern Oman.
South Korea and Qatar have discussed cooperation in energy and other cutting-edge industries. Qatar reaffirmed its commitment to prioritizing LNG supply to South Korea, despite previous force majeure declarations due to missile attacks.
Defense Minister Ahn Gyu-back visited the Air Force Academy in Cheongju to discuss fostering cadets for future aerospace warfare. The visit comes as the government considers integrating military academies to improve interoperability and address personnel shortages.
SK Group Chairman Chey Tae-won and his former wife Roh Soh-yeong failed to reach an agreement in a court mediation session for asset division. The case, which involves Chey's SK Inc. stocks, will now return to trial proceedings.
The Korea Sport & Olympic Committee (KSOC) has demanded government intervention against protesters blocking access to sports federation offices housed in a Seoul gymnasium. The protests, related to election ballot shortages, have paralyzed administrative work and harmed athlete preparations for international competitions.
The South Korean won reached a near two-week high against the dollar on Monday, driven by optimism over a preliminary peace deal between the US and Iran. The won's strength coincided with foreign investors becoming net buyers of local stocks, boosting the KOSPI index.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their war. The Korean won also rose significantly.
South Korean broadcaster JTBC has filed for court-led rehabilitation after defaulting on 20.6 billion won in debt. The company cited a severe liquidity crisis, exacerbated by a shrinking TV advertising market due to shifts towards digital and streaming platforms.
South Korea's defense ministry launched an internal inspection into the Korea War Memorial Organization after it included a Chinese propaganda facility about the Korean War in a teacher training program. The ministry called the itinerary a 'grave error'.
President Lee Jae Myung pledged continuous efforts for inter-Korean peace during a ceremony marking the 26th anniversary of the first inter-Korean summit. Despite current dialogue difficulties, Lee expressed belief in resolving the situation through collective wisdom and leveraging international changes for peninsula prosperity.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their conflict. The Korean won also saw a significant rise.
Seoul stocks surged Monday, with the KOSPI index climbing over 5% to surpass 8,500 points. The rally was driven by an agreement between the US and Iran to end their conflict, prompting a risk-on sentiment and significant buying from foreign and institutional investors. A sidecar was triggered due to the rapid gains.
SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, attended a court mediation session for their divorce settlement. The case involves the division of assets, particularly Chey's SK Inc. stocks, with Roh's side claiming they are marital property.
South Korea's COFIX, a benchmark for bank mortgage rates, rose 0.01 percentage points to 2.90% in May, marking the second consecutive monthly increase. This rise occurs despite the Bank of Korea holding its key rate steady, amid expectations of a future hike.
South Korea's Unification Ministry stated its commitment to rebuilding inter-Korean trust and respecting North Korea, despite Pyongyang's sharp accusations labeling Seoul an "invariable enemy state." The ministry cited goodwill gestures as proof of its peaceful coexistence policy.
An agreement between the US and Iran to reopen the Strait of Hormuz is expected to allow 24 South Korean-linked vessels and 137 sailors to depart. However, uncertainty remains regarding the exact terms of the deal and potential obstacles like naval mines and internal Iranian instability.
South Korea's defense ministry announced Monday it will consider concrete ways to help stabilize the Strait of Hormuz, a vital shipping lane, following a U.S.-Iran peace deal. No decisions on military asset deployment have been made yet.
Protests demanding a rerun of South Korea's June 3 local elections due to ballot shortages continued for an eleventh day on Monday, with numbers significantly down from the weekend. Police warned of strict punishment for illegal activities, including obstruction of business and aggravated coercion.
South Korea launched a joint inspection of 42 workplaces handling military explosives on Monday, following a deadly blast at a Hanwha Aerospace plant that killed five people. The inspection aims to review safety protocols and practices related to the manufacturing, storage, and testing of explosives.
K-pop group Riize is set to release their second EP, "II," on Monday, featuring six tracks including the lead single "Do Your Dance." The album signifies a shift towards action and forward momentum for the group.
