SK hynix to report record Q2 operating profit of 64.1 trillion won, driven by HBM market leadership and AI-driven semiconductor demand, with a 75-77% operating profit margin.
American baseball player Matt Davidson reflects on his emotional departure from the NC Dinos and his new beginnings with the Kiwoom Heroes in the KBO, focusing on regaining form and leading young teammates.
South Korean Justice Minister Jung Sung-ho has reportedly offered his resignation to President Lee Jae Myung amidst the ruling Democratic Party's move to strip the prosecution of its supplementary investigation rights, a reform Jung has publicly opposed due to concerns for victims.
South Korea's defense ministry disciplined former senior officers, including dismissing two commanders, for the 2023 death of Marine Cpl. Chae Su-geun during a flood rescue without safety gear. Separately, a special counsel requested a five-year prison sentence for former 1st Marine Division commander Lim Seong-geun in an appeals trial.
South Korea's military is investigating unauthorized access to its Picture Archiving and Communication System (PACS) that exposed soldiers' medical records late last year. The breach, affecting 8GB of data, was discovered in April, prompting system shutdown and a joint probe. Disciplinary action is sought against three officers.
South Korean food and confectionery companies, including Nongshim, CJ Foodville, and BR Korea, are raising product prices by 5.8% to 6.5% due to increased costs from the Korean won's depreciation and rising oil prices linked to Middle East tensions.
Investigators are expanding their probe into the Shincheonji Church of Jesus, now examining allegations that followers were forced to join the ruling Democratic Party (DP) to aid property conversion approvals, in addition to previous suspicions of influencing the main opposition People Power Party (PPP) primaries and elections.
SK Group Chairman Chey Tae-won's divorce from Roh So-young could become South Korea's most expensive, with a Seoul High Court ruling potentially awarding Roh a significant portion of Chey's US$5.6 billion fortune, boosted by SK Hynix's AI chip success.
Samsung Heavy Industries Co. announced a 4.9% increase in its second-quarter net profit, reaching 222.8 billion won, driven by higher-margin vessels like LNG carriers and enhanced productivity. Operating profit surged 58.7%, and sales rose 20.4%. The company plans to integrate digital, AI, and robotics technologies for future growth.
Seoul stocks plunged nearly 6% on Friday, ending a three-day winning streak, as escalating Middle East tensions and a bearish outlook for the semiconductor sector sapped risk appetite. The KOSPI's sharp decline triggered a five-minute trading suspension.
North Korea's foreign ministry accused South Korea, the U.S., and Japan of exploiting the recent ASEAN forum in the Philippines to incite hostility, promote a U.S.-led security bloc, and push for denuclearization, which Pyongyang asserts is "irreversibly concluded."
South Korea's ruling Democratic Party adopted a revision to the Criminal Procedure Act, making it official party line to strip the prosecution of its direct investigation rights, including supplementary investigations. The party also plans to establish a dedicated team within the serious crimes investigation agency for vulnerable victims, with the bill expected to be voted on next Thursday.
Rep. Kwon Young-jin of South Korea's main opposition People Power Party apologized after reportedly grabbing floor leader Jeong Jeom-sig by the collar during a heated protest over parliamentary committee assignments. The incident drew strong condemnation from party officials, who hinted at disciplinary action against Kwon.
South Korean President Lee Jae Myung has decided to forgo his summer vacation this year, opting instead to focus on "sales diplomacy" during an 11-day trip to San Francisco, Brazil, Chile, Argentina, and Germany.
Woori Financial Group announced a 7.4% increase in its second-quarter net profit to 1 trillion won (US$682 million), driven by rises in both interest and non-interest income. This also marks a 66% rise from the previous quarter.
South Korean Veterans Minister Kwon Oh-eul marked his first year by pledging to expand compensation for war veterans' surviving families and independence activists' descendants. He also highlighted Daejeon's selection to host the 2029 Invictus Games, the first Asian city to do so.
South Korea will keep fuel price caps unchanged for four weeks, citing renewed US-Iran tensions in the Middle East and domestic inflation. The decision aims to shield the economy and consumers from global oil price volatility.
Seoul stocks experienced a sharp decline of nearly 6% on Friday, ending a three-day winning streak, as escalating tensions in the Middle East dampened investor risk appetite. The KOSPI fell 406.27 points, triggering a five-minute suspension of program trading.
SSG Landers' Choi Jeong, South Korean baseball's all-time home run king, will undergo season-ending hip surgery on August 11 in Colorado, U.S., after a diagnosis of femoroacetabular impingement, with an expected six-month recovery period.
A South Korean appellate court ordered SK Group Chairman Chey Tae-won to pay 944 billion won (US$644 million) in property division to his former wife, Roh Soh-yeong, in a high-profile divorce case, following a Supreme Court remand for review.
The Korea Football Association (KFA) will hire a temporary head coach for the men's national team through open recruitment and has formed an election committee to oversee the presidential election. Both positions became vacant after South Korea's World Cup exit, with new rules allowing up to six months for the presidential election.
Prime Minister Han Seong-sook announced the South Korean government's commitment to transforming the Saemangeum reclaimed land into a hub for AI, robotics, and hydrogen industries, highlighting Hyundai Motor Group's 9 trillion-won investment as a foundational step.
Samsung Lions closer Kim Jae-yoon exhibits stark home-away performance splits this season, with a 5.33 ERA at Daegu Samsung Lions Park and a perfect 0.00 ERA on the road. Despite the baffling trend, Kim maintains a consistent mindset, supported by manager Park Jin-man.
South Korea's finance ministry continues to support workers and businesses affected by Homeplus Co.'s financial difficulties and court-led rehabilitation proceedings, which were recently resumed after a major creditor agreed to provide financing.
