South Korea's central bank is concerned that large bonuses paid to tech workers could fuel inflation. The Bank of Korea noted that while energy prices are a primary driver, improved income conditions and widespread wage growth, potentially spurred by these exceptional bonuses, could increase demand and supply-side inflationary pressures.
A South Korean court found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about being offered alcohol and food during a prosecution interrogation. The ruling impacts the Democratic Party's efforts to dismiss a remittance case against President Lee Jae Myung.
Chinese football commentator Li Yi was removed from a World Cup broadcast after comparing an Austrian player's defensive play to Huang Jiguang, a Chinese soldier revered as a 'hero' for his actions in the Korean War. This comparison, made during a live broadcast, led to his temporary removal from the commentary team.
A regional court in South Korea found former Gyeonggi Vice Governor Lee Hwa-young guilty of perjury for falsely testifying about receiving alcohol and food during a prosecution interrogation. He was sentenced to four months in prison, adding to his existing sentence for an illegal remittance case.
11street has launched an online store in China featuring around 350 Korean brands, primarily in beauty, food, fashion, and health. The platform will manage logistics and marketing, aiming to boost e-commerce between Korea and China. This move capitalizes on the significant share Chinese consumers hold in South Korea's cross-border e-commerce market.
Heavy downpours have drenched South Korea, with rain expected to continue through Saturday evening and into Sunday morning in some areas. Significant rainfall has already accumulated, and rough seas are anticipated along the southern and eastern coasts.
RM, leader of K-pop group BTS, has been appointed the first global ambassador for the National Museum of Korea. The appointment recognizes his support for Korean cultural heritage, including significant donations and his efforts to promote Korean culture globally.
South Korea's Eom Ji-sung described his near-assist in the 1-0 loss to Mexico at the FIFA World Cup, where a late cross to Cho Gue-sung was saved. Eom, a substitute, aims to bring energy and offensive chances to the team.
South Korean newspapers on June 20 featured headlines focusing on Lee's calls for the ruling party to avoid internal conflict and reform the election watchdog. Additionally, reports indicated Lee stated Trump inquired about South Korea building 10 warships for the U.S. and discussed North Korea.
The National Museum of Korea has appointed RM, the leader of the global K-pop group BTS, as its first-ever global ambassador. RM, known for his interest in Korean traditional culture and art, will promote Korean cultural heritage worldwide.
Canada and Mexico secure knockout stage berths in the World Cup with dominant wins. The US faces Australia in a crucial match, aiming to impress as a host nation. Fan experiences and commentary quality are also discussed.
South Korean President Lee Jae Myung stated that Donald Trump intends to focus on North Korea's nuclear program following an agreement with Iran. Trump reportedly told Lee at a G7 dinner that "the time had come to pay attention to the North Korea issue."
Korean Air estimates the integration of Asiana Airlines will cost between 900 billion and 1 trillion won (US$654 million). The airline expects annual synergy effects of around 300 billion won, potentially offsetting costs by late 2028 or early 2029. The goal is to launch the integrated carrier by December 17, aiming for a top 10 global ranking with 230 aircraft and 23 trillion won in revenue.
South Korean President Lee Jae Myung told U.S. President Donald Trump at the G7 summit that the North Korean nuclear issue requires a unique approach, distinct from other global conflicts. Lee proposed a phased strategy, starting with halting nuclear material production and exporting existing materials, which Trump agreed to consider.
President Lee Jae Myung stated he advised U.S. President Donald Trump at the G7 summit that the North Korean nuclear issue requires a distinct strategy, differing from how other regional conflicts are handled. Lee proposed a phased approach, focusing first on halting nuclear material production and overseas shipment before long-term denuclearization.
Mexico secured a 1-0 victory over South Korea, thanks to a defensive blunder, to become the first team to reach the knockout stage of the World Cup. Luis Romo scored the decisive goal in the 50th minute. The win sparked widespread celebrations across Mexico.
South Korea and the U.S. are in close discussions regarding the transfer of wartime operational control (OPCON), following a U.S. Senate bill proposing increased congressional oversight. The bill requires regular reports on the OPCON transition roadmap, amid differing timelines between Seoul and Washington.
Asian stock markets rallied Friday as a peace deal reopened the Strait of Hormuz, lowering oil prices and easing inflation fears. Japan's Nikkei hit a record high, while South Korea's index surged, though analysts warn of future transit fees.
South Korea's finance ministry will seek to replace the heads of the Government Employees Pension Service and KOICA due to poor performance reviews. Warnings will also be issued to 17 agency heads with a 'D' grade and 11 leaders whose organizations had fatal workplace accidents.
President Lee Jae Myung stated he informed U.S. President Donald Trump that the North Korean nuclear issue requires a distinct approach compared to other nations' nuclear challenges. This discussion occurred during the G7 summit in France.
The 2026 FIFA World Cup's second matchday saw Czechia draw with South Africa, Switzerland defeat Bosnia 3-1, Canada thrash Qatar 6-0, and Mexico secure a 1-0 win over South Korea, booking their spot in the knockout stage.
South Korea's Ministry of Finance and Economy announced Friday it will seek to replace the heads of the Government Employees Pension Service and KOICA following an annual performance review. Seven institutions received the lowest grade under the evaluation system.
South Korea suffered a 1-0 defeat to Mexico in their FIFA World Cup Group A match due to a lack of precision and a defensive miscue. Mexico secured a spot in the knockout stage, while South Korea needs a win or draw in their next match to advance.
South Korea lost 1-0 to Mexico in the FIFA World Cup, but still has multiple paths to the knockout stage. They can qualify as group runner-up or even as a third-place team, depending on their final match result and other group outcomes.
