Hong Kong fencer Kaylin Hsieh secured the silver medal in the épée individual event at the Asian Fencing Championships in India on Sunday. The world No. 17 reached the final for the first time, ultimately losing to Kazakhstan's Irina Bakaldina.
KRX Chairman Jeong Eun-bo stated that the market's concentration in semiconductors is a natural outcome of supply and demand, citing Samsung Electronics and SK hynix's performance. He also noted that the 'Korea discount' is significantly easing due to improved global competitiveness and government initiatives like the 'value-up program'.
Park Sung-jae, former Justice Minister, has been found guilty of involvement in "insurrection" by the Seoul Central District Court. He is accused of facilitating martial law by checking prison capacity and instructing cooperation with the martial law command.
South Korean stocks closed at a record high Monday, driven by a surge in semiconductor shares. Progress in U.S.-Iran talks and strong performance from SK hynix boosted the KOSPI index, though the won weakened against the dollar.
South Korea plans to discuss the repatriation of two North Korean soldiers captured by Ukraine during a meeting with Ukraine's Foreign Minister next week. The government aims to bring them to South Korea based on their expressed desire to defect, aligning with international law and humanitarian principles.
SK hynix surpassed Samsung Electronics in market capitalization on Monday, becoming South Korea's most valuable listed company. This shift is attributed to SK hynix's strong performance in the AI chip market, particularly HBM, and its significant stock gains this year.
South Korean stocks closed at a record high Monday, driven by a surge in semiconductor shares. Progress in U.S.-Iran talks and a rally in chipmakers like SK hynix boosted the KOSPI index, though the Korean won weakened against the U.S. dollar.
South Korean stocks hit a new all-time high Monday, driven by semiconductor shares and positive signs from U.S.-Iran talks. The KOSPI index rose 0.69% to 9,114.55, while the local currency weakened against the U.S. dollar.
South Korean Prime Minister Kim Min-seok has departed for China for a World Economic Forum meeting in Dalian and meetings with Chinese officials in Beijing. This trip marks Kim's first visit to China since taking office and is speculated to be his last overseas trip before running for the leadership of the ruling Democratic Party.
South Korean Foreign Minister Cho Hyun will meet his Indian counterpart, Subrahmanyam Jaishankar, in Seoul on Wednesday to discuss enhancing bilateral cooperation in economy, defense, AI, and other key areas. The meeting follows President Lee Jae Myung's state visit to India in April.
Asian stock markets showed mixed performance Monday. Japan's Nikkei 225 and South Korea's Kospi saw gains, driven by AI-related technology stocks. Meanwhile, oil prices edged lower amid optimism over U.S.-Iran negotiations.
South Korea has formed a task force to identify Middle East reconstruction needs, aiming to boost companies' participation. The government also seeks progress on nuclear cooperation with the U.S. and discussed North Korea with China.
A chronological overview of significant events in South Korea from 1965 to 2018, including troop deployments to Vietnam, unification policies, a historic golf win, hostage crisis, inter-Korean talks, nuclear program negotiations, visa waiver suspension, a "die with dignity" ruling, new currency release, compensation for Samsung employees, UNESCO World Heritage site designation, and the death of former Prime Minister Kim Jong-pil.
South Korean Foreign Minister Cho Hyun announced preparations for Korean companies to participate in Middle East reconstruction projects post-ceasefire. He also mentioned ongoing efforts to ensure safe passage for Korean vessels in the Strait of Hormuz and confirmed Ukrainian Foreign Minister Dmytro Kuleba's visit on the 30th, where the return of North Korean POWs held in Ukraine is expected to be discussed.
Two South Korean-operated vessels have passed through the Strait of Hormuz following a US-Iran ceasefire, according to the maritime ministry. No South Korean crew are on board, and the vessels are not headed for South Korea. The number of South Korean-linked ships in the strait is now 22.
South Korean stocks rose late Monday morning, with semiconductor shares leading the gains. The KOSPI index increased by 1.03% to 9,145.79, driven by strong performances from Samsung Electronics and SK hynix. Investor sentiment was initially dampened by stalled U.S.-Iran talks and ongoing clashes.
South Korea's military has criticized North Korea's installation of fences near the Military Demarcation Line (MDL) as a "clear violation" of the Armistice Agreement. However, the UN Command, responsible for maintaining the agreement, stated that fortification does not "automatically constitute a violation," adopting a more cautious stance.
South Korea's military condemned North Korea's intensified border fencing near the Military Demarcation Line (MDL) as a violation of the Korean War armistice agreement. The North has been fortifying its border since April 2024, installing barbed wire fences and mines very close to the MDL.
South Korea and China began a new round of follow-up negotiations on services and investment under their bilateral free trade agreement (FTA) in Beijing. The 15th round of talks, held from Monday to Friday, aims to expand the trade pact's scope and create a more predictable investment environment for South Korean companies.
South Korea's budget minister met with fiscal experts to discuss policy directions amid a surge in tax revenue, largely driven by the AI boom. The minister highlighted economic uncertainties and key challenges, while experts urged proactive investments in AI and semiconductor infrastructure.
GS Engineering & Construction (E&C) Corp. and U.S. infrastructure investor I Squared Capital will form a joint venture to develop 1.5 GW of renewable energy and battery storage in South Korea by 2035, with an estimated cost of $1.95 billion.
South Korea's national football team arrived in Monterrey, Mexico, for their final FIFA World Cup group stage match against South Africa. Captain Son Heung-min was among the players greeted by fans.
South Korea's exports soared 60.4% to $62 billion in the first 20 days of June, a record high for the period, driven by a near tripling of semiconductor shipments to $25.5 billion due to AI demand. Imports rose 23.2%, resulting in a $17 billion trade surplus.
South Korea's exports saw a significant jump of 60.4% in the first 20 days of June compared to the previous year, reaching $62 billion. Imports also rose, leading to a trade surplus of $17 billion.
