BOK vows to tame inflation, KOSPI hits new high on chip rally, President Lee attends G7 to discuss economic imbalances, 18-month prison term sought for Seoul Mayor Oh, and PPP to file petitions over local election ballot shortages.
Yonhap News Agency's first Wednesday roundup summarizes major South Korean stories, including a plan to ease inter-Korean border restrictions, a stock rebound, K-beauty's resurgence, G7 diplomacy, a police probe and a World Cup match.
South Korea's rival parties agreed to a 45-day parliamentary probe into election ballot shortages. President Lee Jae Myung attended the G7 summit in France. The economy saw a rise in money supply in April, while Seoul stocks surged 2.11% on U.S.-Iran deal optimism.
Yonhap News Agency reports on a US-Iran MOU for a 60-day ceasefire, leading to Seoul stocks opening higher. President Lee Jae Myung to attend G7 summit. Import prices fell in May due to lower oil prices. Appeals court upholds acquittals in a 2020 N.K. border murder case.
Yonhap’s Friday digest lists five major stories: South Korea’s stock rally, former President Yoon Suk Yeol’s sentencing, Sam Altman’s postponed visit, BTS’s Busan concerts and the national team’s win over Czechia.
Yonhap News Agency reports on South Korea's political and economic landscape: a potential probe into election ballot shortages, fastest household loan growth in two years, OpenAI CEO Sam Altman's visit for AI talks, Gwanghwamun Square hosting World Cup street cheering, and BIGBANG's 20th-anniversary world tour.
Coupang fined 624.7 billion won over data breach, police raid election watchdog over ballot shortages
South Korea's stock market surges over 8% on AI confidence and Israel-Iran ceasefire, while the government addresses speculative trading, nuclear submarine development with the U.S., reaffirms denuclearization goal post Kim-Xi summit, and sees a sharp won strengthening against the USD.
Around 10,000 protesters in South Korea demand a re-run of local elections due to a ballot shortage that prevented some voters from casting ballots, leading to the resignation of the National Election Commission head.
Nvidia CEO Jensen Huang frames robotics as Korea's next growth driver; Seoul secures ballot boxes after protests during local elections; Xi Jinping to visit North Korea next week; Korea's stocks and won slide on Iran uncertainty and Middle East tensions; Lee Jae Myung to attend the G7 summit in Evian, France.
South Korea's ruling Democratic Party won local elections, securing key mayoral seats in Busan but losing Seoul to incumbent Mayor Oh Se-hoon. Meanwhile, North Korea's Kim Jong-un vowed to bolster nuclear forces after inspecting a new facility, and the KOSPI stock index fell amid profit-taking.
South Korea's ruling Democratic Party wins local elections, Nvidia CEO Jensen Huang to visit Seoul, and finance minister vows to address FX volatility
South Korea's local elections loom as a test for President Lee Jae Myung, KOSPI hits record high driven by Samsung's AI optimism, FM Cho Hyun meets African counterparts, President Lee orders price stabilization, and S. Korea & U.S. discuss nuclear submarine and security initiatives.
South Korea sees 3.1% consumer price rise in May due to global energy volatility; Police investigate deadly Hanwha Aerospace plant explosion; President Lee calls for stern punishment for spreading misinformation; Nvidia and SK Group discuss AI memory chip cooperation.
South Korea sees a factory explosion killing 5, stock market highs driven by AI optimism, Samsung Electronics' market cap surpasses 2 trillion won, Nvidia CEO's upcoming visit, scaled-back political campaigning, and revelations about ex-President Yoon's martial law preparations.
President Lee calls for stern punishment over Seoul overpass collapse, KOSPI snaps 4-day win streak, court denies arrest warrant for Chinese dissident, and BOK raises South Korea's growth forecast to 2.6% for 2026.
South Korea's government to disclose probe results on a vessel attack in Hormuz, KOSPI hits new peak driven by chip stocks, Samsung Electronics workers accept wage deal, prosecution investigates Seoul overpass collapse, and President Lee warns Busan businesses against price gouging ahead of BTS concerts.
Shinsegae chief apologizes for Starbucks campaign, BTS wins American Music Award, N. Korea fires projectile, and more
South Korea's foreign ministry expresses concerns to Israel over activist assault claims, DAPA develops interceptor drones, KOSPI rises on U.S.-Iran hopes, North Korean football team prepares for AFC final, veterans ministry addresses Starbucks marketing controversy, and Samsung Electronics union votes on wage deal.
South Korea's government to supply 90,000 rental homes, 2 S. Koreans seized on Gaza-bound aid vessels return home, and consumer sentiment rises at sharpest pace in 1 yr
A government official told Yonhap that Xi Jinping might visit North Korea later this month or early next month. A separate source said the Chinese leader could mediate relations between North Korea and the US. Chinese foreign ministry spokesman Guo Jiakun stated China maintains continuity and consistency on Korean peninsula denuclearisation and will play a constructive role.
Samsung Electronics Co. and its largest labor union resume last-minute wage talks, a South Korean vessel passes through the Strait of Hormuz, and Seoul shares end lower for the second day.
Samsung Electronics' union will strike Thursday after rejecting a government-mediated proposal. Kakao's union also approved a strike vote across five affiliates. A senior US diplomat will visit Seoul to implement summit agreements, while Israeli forces seized an aid flotilla with Korean activists.
South Korea's court grants Samsung Electronics' injunction request against union strike, President Lee Jae Myung commemorates 1980 pro-democracy movement, and labor disputes affect major tech firms.
