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.
Shanghai-based company MiniMax has restricted free access to its model weights in the US, EU, UK and South Korea, citing regulatory uncertainties and ongoing copyright legal proceedings.
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 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.
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.
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.
South Korea's Ministry of Climate, Energy and Environment announced plans to overhaul industrial electricity pricing to lower costs for businesses operating outside the Seoul metropolitan area and boost regional development.
Seoul faces its first severe heatwave warning as record-breaking temperatures sweep South Korea, causing 16 fatalities and straining power grids while officials deploy emergency cooling measures.
South Korea's foreign and defense ministries strongly protested Japan's renewed territorial claims to the Dokdo islets in its latest defense white paper, summoning Japanese diplomatic and military representatives in Seoul.
Michelle Park Steel, the new U.S. ambassador to South Korea, began her official duties on Tuesday by meeting with Foreign Minister Cho Hyun after submitting a copy of her credentials in Seoul.
Eight liberal student activists were apprehended Tuesday after infiltrating the U.S. K-55 Osan Air Base in Pyeongtaek, South Korea, while chanting anti-U.S. slogans.
South Korea's industry ministry announced plans to expedite administrative procedures for a mega semiconductor cluster project and other key technology initiatives in the second half of the year.
The Korea AeroSpace Administration (KASA) announced plans to send a research probe to the Earth-Moon region in 2031 to monitor solar activity. The agency will present these goals at the COSPAR conference in Florence, Italy.
Samsung Electronics reported 1.44 million preorders for its Galaxy Z Fold 8, Z Fold 8 Ultra and Z Flip 8 in South Korea, breaking the previous record set by Galaxy Note 10 in 2019.
Seoul prepares for its first severe heatwave warning as South Korea faces record-breaking heat, with Yangsan hitting 42.5C, 16 heat-related deaths, and extensive measures to protect residents.
South Korea's central bank warns that inflation will likely accelerate in August due to base effects and Middle East tensions, despite July consumer price growth slowing to 2.8 percent.
South Korea is weighing new regulations on single-stock leveraged ETFs, including reduced leverage ratios and higher minimum investments, following steep retail losses after a market rally.
South Korea's consumer prices rose 2.8 percent in July from a year earlier as oil prices remained elevated, falling below the 3 percent mark for the first time in three months.
South Korean corporate direct financing dropped 15.6 percent year-on-year in the first half to 126.58 trillion won due to declining bond sales, Financial Supervisory Service data showed.
Leading Chinese brokerages expressed optimism for domestic tech shares in August, distinguishing them from sharp sell-offs in South Korean financial markets.
Major South Korean newspapers on Aug. 4 highlight planned comprehensive real estate holding tax hikes targeting ultra-high-value and non-owner-occupied homes, affecting thousands of households.
South Korea's consumer prices rose 2.8% YoY in July, falling below 3% for the first time in three months as oil price growth slowed; core inflation rose 2.6% and the government credits fuel price caps.
