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The Latest Breaking News from South Korea

Global stocks receive a boost from tech dip-buying

Tech stocks have rebounded as global investors swung in to buy after a recent drop, while oil prices fell after a halt in Middle East hostilities.

AAP

Wealth firm Nexedge Capital looking to close a $25 million funding round to be led by Mirae

Nexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm Mirae Asset Venture Investment is expected to lead the investment. This marks Nexedge's first institutional funding. The startup manages significant assets and serves numerous families. It competes with other emerging wealth…

The Economic Times

Meet Heo Nam-jun, the Rising Heartthrob Who Plays Cha Se-gye from 'My Royal Nemesis'

Fans are obsessed with his "he fell first and harder" romance in one of the buzziest Korean shows of the year.

Marie Claire

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‘A special sense of closeness’: China’s Xi vows stronger ties with North Korea in rare visit

Chinese President Xi Jinping on Monday said that China world not swerve from its commitment to safeguarding common interests with North Korea or waver in its support for Kim Jong Un during a rare summit between the two leaders in Pyongyang. The summit comes at a time when China's economy,…

France 24

Comparing India with Taiwan, South Korea on semiconductors not very accurate: Union minister Vaishnaw

India is rapidly advancing in semiconductor manufacturing and AI adoption. Union Minister Ashwini Vaishnaw highlighted significant progress in the country's semiconductor mission, with commercial production already underway. The upcoming Semicon 2.0 program will prioritize chip design. India's electronics sector has seen substantial growth, creating numerous jobs and boosting exports. Global…

The Economic Times

The Herald Group: Korea National Open University Opens Applications for Overseas Residents for Fall 2026

SEOUL, South Korea, June 8, 2026 /PRNewswire/ -- Korea National Open University (KNOU), South Korea's only open university, is accepting applications from overseas residents for the 2026 Fall Semester. Individuals who have lived outside Korea for at least three months as of the application date are eligible to apply. Admitted…

AAP

World Cup 2026 kits: Every home and away shirt ranked and rated

A needlessly detailed look at the shirts on display at this summer’s World Cup in North America, ranked from most unpleasant to most majestic

The Independent UK

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S.Korea to overhaul elections after ballot shortage

Ballot paper shortages during South Korea's local elections have triggered a public outcry, prompting promises to reform "a grave infringement of voter rights".

AAP

South Korea to overhaul election process after ballot shortage shocks country

South Korea is set to reform its election system following ballot paper shortages during recent local polls. The incident sparked public anger and calls for a new election. President Lee Jae Myung has ordered a full investigation into the matter. The head of the election commission has resigned. This event…

The Economic Times

The AI trade trap: Why successful tech stocks are triggering a trillion-dollar market meltdown in Korea, Taiwan

A sharp tech selloff exposed concentration risks in Asian markets, where chip giants such as TSMC, Samsung and SK Hynix dominate benchmarks. As their rapid gains pushed portfolio weights beyond risk limits, active fund managers were forced to sell despite strong fundamentals. The unwind triggered market volatility, accelerated fund outflows…

The Economic Times

South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks

South Korea's KOSPI index plummeted nearly 9% on Monday, triggering circuit breakers, as strong U.S. jobs data fueled expectations of Federal Reserve rate hikes. Tech giants Samsung Electronics and SK Hynix saw significant drops, impacting the AI-driven rally. Despite the sharp decline, the KOSPI remains up substantially year-to-date.

The Economic Times

Digital Edge Secures Fully Powered Ansan Data Center Site in Power-Constrained South Korea, Advancing Expansion

SINGAPORE, June 8, 2026 /PRNewswire/ -- Digital Edge today announced the acquisition of a fully powered land parcel in Ansan, South Korea, supported by a 90 MVA power agreement, to develop SEL5 – a 60 MW hyperscale, AI-ready data center that further strengthens its position as a leading digital infrastructure…

AAP

Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

Speaking to reporters in Seoul, Huang's remarks underscored Nvidia's continued cooperation with SK Hynix, ‌a leading supplier of high-bandwidth memory (HBM) chips used ⁠in AI servers.

The Economic Times

Dayspring Pharma Announces Positive Topline Results from Phase II Clinical Trial of CG2001 for the Treatment of Androgenetic Alopecia (AGA)

SEOUL, South Korea, June 8, 2026 /PRNewswire/ -- Dayspring Pharma, a clinical-stage biotechnology company focused on innovative dermatology therapies, announced the first public disclosure of positive topline results from its Phase II randomized, double-blind, placebo-controlled trial of CG2001 at the 14th World Congress for Hair Research (WCHR) in Seoul, South…

AAP

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AAP

The 34th Eye Level Literary Awards Opens Global Literary Submissions

SEOUL, South Korea, June 8, 2026 /PRNewswire/ -- Daekyo Culture Foundation and the World Youth Culture Foundation announce the opening of submissions for the 34th Eye Level Literary Awards – Global Literary category, proudly supported by the Ministry of Education, the Ministry of Culture, Sports and Tourism, and the Ministry…

The Economic Times

Global Markets Watch: Tumbling tech darlings slam brakes on AI rally

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility.

The Times of India

Who is Han Seong-sook? South Korea first likely woman Prime Minister in 20 years

South Korean President Lee Jae-myung has nominated Han Seong-sook, the country's minister for small and midsize businesses and startups, to be prime minister, the presidential office said on Sunday.

AAP

South Korea nominates first female PM in two decades

South Korea's business and start-ups minister Han Seong-sook is set to become its first female prime minister in 20 years.

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The Independent UK

What China and North Korea stand to gain from Xi Jinping’s rare summit with Kim Jong Un

Chinese leader Xi Jinping arrives in North Korea for first time in nearly seven years, offering North Korean dictator Kim Jong Un a stage to showcase an increasingly assertive foreign policy. Arpan Rai reports

The Economic Times

World’s hottest market has Korea bulls reaching for protection

South Korean stocks are seeing a shift from optimism to caution as investors trim positions and add protection. While chip giants Samsung Electronics and SK Hynix powered a significant rally, concerns about the market running too hot are leading to a more selective approach and a search for opportunities lower…

International Business Times

Doing Business in South Korea? One Wrong Word Can Bring Down Your Brand

From Starbucks' Tank Day blunder to election protests, South Korea's political climate is making it one of the world's riskiest brand environments.

The Independent UK

South Korean government defends $779,000 scheme to install air conditioning in prisons

Justice ministry says air conditioning units will be provided in prison corridors

Newslaundry

Hafta letters: What South Korea does for students, questions for Anand, visa monopoly

Ishita

The Guardian - AU

How a Starbucks marketing stunt spiralled into mass boycotts in South Korea

A botched tumbler promotion on the anniversary of a pro-democracy massacre unleashed a boycott, police investigation and political firestorm

AAP

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares are mostly lower and South Korea's benchmark dropped more than 5% after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures were also trading mixed, while oil prices slipped

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