South Korea's foreign ministry responded to China's concerns over extended deterrence cooperation with the U.S., stating it's a legitimate response to North Korea's threats and urging China to play a constructive role in denuclearization.
South Korean stocks plummeted nearly 10% on Tuesday, with the KOSPI index closing down 9.99% at 8,203.84. Foreign investors heavily sold semiconductor shares and other large-cap stocks, tracking losses in U.S. tech stocks. The Korean won also weakened against the U.S. dollar.
Japan's Defense Minister Koizumi questioned the transparency and accuracy of China's official military spending figures in a recent interview, suggesting a lack of parliamentary scrutiny compared to Japan's budget process.
Police plan to question Korean American professor Morse Tan this week over alleged defamation of President Lee Jae Myung. Tan is accused of falsely claiming Lee was involved in murder as a teenager and sent to a juvenile detention center.
President Lee Jae Myung will host a banquet dinner for foreign ambassadors and international organization chiefs in Seoul on Tuesday. The event aims to brief guests on his recent European trip and outline his foreign policy direction.
South Korea and Turkey began discussions in Ankara on their bilateral free trade agreement (FTA), signed in 2013. The meeting aims to deepen economic cooperation, with trade volume rising to $10.66 billion in 2025. South Korea highlighted its contributions to Turkey's economy and expressed concerns over existing trade barriers.
South Korean stocks plunged nearly 10% Tuesday, with the KOSPI closing down 9.99% at 8,203.84. Foreign investors sold off major semiconductor shares and other heavyweights, mirroring losses in U.S. tech stocks. A circuit breaker was activated as trading halted for 20 minutes.
President Lee Jae Myung will visit a Marine Corps unit and inspect a national security area on Wednesday, followed by a banquet for Korean War veterans on Thursday. The visits mark the 76th anniversary of the Korean War, aiming to honor veterans and strengthen national defense.
South Korean singer-actor Ivy will make her Broadway debut as Roxie Hart in "Chicago" at the Ambassador Theatre from Aug. 17 to Sept. 6. After a yearlong audition process, the 44-year-old expressed hope that her performance will open American audiences to Korean musicals.
A "shaman" healer, Noah McKenna, repeatedly assured Carol Foord, 72, that "everything was fine" before her cardiac arrest. He later lied to paramedics about her use of magic mushrooms, an inquest heard. Ms. Foord died after a "healing session" involving psilocybin.
BTS member Jungkook's solo track 'Seven' has achieved over 3 billion streams on Spotify, marking a historic milestone as the first Korean artist to reach this number with a single song. The song also holds the distinction of being the only 2023 global release to hit this mark.
Polish anti-corruption activist Monika Silva Koniuszek, 41, was found dead in Ecuador. Initially ruled a suicide, a postmortem revealed she died from a blow to the head and strangulation. Campaigners allege she was murdered to silence her investigation into allegations against President Daniel Noboa's family business.
Authorities have arrested two more individuals, William Lee Spartacus Falkner and Jordan W. Rincker, in connection with a planned attack targeting President Donald Trump's White House UFC event on June 14. The plot, involving conspiracy to commit murder, was disrupted by law enforcement days before the event.
Hyundai Motor and Kia Corp. saw a combined 2.4% decrease in European vehicle sales in May compared to the previous year, selling 86,444 units. Hyundai's sales fell 18.8%, while Kia's rose 14.9%. For January-May, combined sales are down 2.4%.
India's US LPG imports are projected to exceed 1 million tonnes in June, a record high, due to Middle Eastern supply disruptions. This shift increases costs but ensures cooking fuel availability for households.
The '2026 MyK Festa,' a four-day event celebrating Korean pop culture, will open in Goyang this week. Featuring K-pop concerts, industry booths, creator talks, and a B2B event connecting domestic companies with overseas buyers, the festival aims to leverage global interest in K-culture for economic and tourism benefits.
South Korea's financial regulator will require all listed firms to disclose treasury stock details starting June 30, following a revision to the Commercial Act. Firms must cancel treasury stocks within a year of purchase and retire existing ones within 18 months.
President Lee Jae Myung urged state support for young people, citing widening asset disparities due to booms in semiconductor and stock markets. He called for policies to expand opportunities and suggested using excess tax revenues to lower fuel prices and supplement income.
South Korea's KOSPI index halted trading for 20 minutes on Tuesday after plunging over 8% due to foreign investors selling off tech heavyweights. This marks the fourth circuit breaker activation this year.
An attempt to include a North Korean education expert from UNESCO, Dr. Chang Gwang-chol, in the Jeju Forum for Peace & Prosperity has failed. The Jeju Peace Institute had hoped to have him participate via teleconference, which would have been the first North Korean presence since 2001.
Prime Minister nominee Han Seong-sook has sold three of her four homes, leaving her with one house in Seoul's Samcheong-dong. This move comes ahead of her parliamentary confirmation hearing, where her ownership of multiple properties was anticipated to be a key point of criticism.
South Korea established a project management committee, led by the industry minister, to assess the feasibility of its $350 billion investment pledge in the U.S. The committee will review commercial viability and strategic interests before projects proceed.
Homeplus paid its employees the wages for April and May on the 23rd, but June wages remain unpaid. The company is struggling to secure 200 billion won in DIP loans for its rehabilitation plan, with negotiations stalled over collateral demands from its largest creditor, Meritz Financial Group.
India's private sector growth decelerated in June, reaching a three-month low due to weaker demand impacting factories and services. Business confidence fell to its lowest since January, with job creation also at a six-month low.
