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The Latest Breaking News from South Korea

Starbucks Korea fires CEO after ‘Tank Day’ campaign sparks fury over dictatorship-era massacre

President Lee Jae Myung condemns ad campaign as ‘bottom-feeding behaviour from these low-class peddlers’

The Independent UK

Elon Musk loses his court battle against Sam Altman's OpenAI, but vows to keep fighting

A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of…

France 24

Gravity-defying Korean stock boom sparks wild Rolex, Bentley luxury shopping spree

South Korea's Kospi market surge has fueled a luxury goods boom, with teenagers and young adults leading the spending spree. Pent-up consumer desire, coupled with limited real estate and overseas travel options, is driving this trend. However, concerns remain about potential consumption contraction if the market declines.

The Economic Times

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S.Korea and Japan pledge stronger energy, security ties

Energy disruptions from the Iran war have been top of the agenda for Japan and South Korean leaders who agreed to work more closely to stabilise fuel supplies.

AAP

Japanese prime minister travels to meet South Korea president for second leg of hometown summits

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi are set to hold their fourth meeting in about six months

The Independent UK

Samsung, labour union meet again as Seoul threatens to intervene to block strike

Samsung Electronics and its labor union are in crucial government-led talks. The aim is to resolve a dispute over pay and bonuses. A strike by 45,000 workers could disrupt global chip production. South Korea's prime minister has threatened emergency intervention. The company's shares fell amid the uncertainty. The union demands…

The Economic Times

Starbucks Korea CEO dismissed over ad evoking massacre of pro-democracy protesters

‘Tank Day’ event causes outrage with ‘malicious mockery’ of deadly crackdown during dictatorship era

The Guardian - UK

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Korean drama Perfect Crown faces backlash over scene accused of undermining sovereignty

Producers say disputed scene will be revised for future broadcasts and streaming releases

The Independent UK

Epiphone announces its first ever signature guitar for a Korean artist

Lee Seung Yoon is making history with the Epiphone LSY-200 Studio EC acoustic-electric

Guitar World

Rajnath Singh embarks on 4-day trip to Vietnam and South Korea

Defence Minister Rajnath Singh is on a four-day visit to Vietnam and South Korea to bolster strategic defence cooperation, including joint production of military hardware. The trip aims to strengthen defence industrial partnerships, enhance maritime collaboration, and promote peace in the Indo-Pacific region. Discussions will also cover the South China…

The Economic Times

North Korea's Kim calls on military to bolster frontline defences against 'arch enemy'

The plans come at a low point in relations with South Korea and Pyongyang unresponsive to Seoul's repeated offers for dialogue.

Euronews

Defence Minister begins Vietnam, South Korea visit to boost defence, Indo-Pacific cooperation

Defence Minister Rajnath Singh embarks on a crucial visit to Vietnam and South Korea. The trip aims to bolster strategic military ties and defense industry collaborations. Discussions will focus on enhancing maritime security and promoting stability in the Indo-Pacific region. This visit follows recent agreements with Vietnam and South Korea,…

The Economic Times

The Indian princess who crossed the sea to become a Korean queen: A 2,000-year-old mystery still alive today

The story of an Indian princess believed to have become a Korean queen around 48 AD continues to fascinate readers even today. According to ancient tradition, a young woman known as Suriratna is said to have left her homeland in India and sailed across the sea to the Korean peninsula.…

The Times of India

Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Samsung Electronics and its South Korean labour union will resume government-mediated pay talks on Monday in an effort to avoid a strike planned for Thursday. The talks come after an earlier round of negotiations over wages and bonuses collapsed at the world’s largest memory chipmaker.

The Economic Times

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The Economic Times

India missed out on AI and now its run as market darling may be over

India faces a significant setback as artificial intelligence reshapes global investments. The nation's stock market is nearing a fall from the world's top five. Unlike Taiwan and South Korea, India lacks AI-driven rallies. Global investors are now prioritizing chip manufacturing, computing infrastructure, and AI models. This shift leaves India behind…

The Economic Times

North Korean women's soccer team arrives in South Korea for regional tournament

A total of 39 players and staff with North Korea’s Naegohyang Women’s FC arrived at Incheon International Airport, just west of Seoul, aboard a plane from China. They didn't make any comments, though some activists shouted “Welcome! Welcome!" and citizens used their mobile phones to film their arrival.

The Independent UK

Robot Buddhist monks march at South Korea’s Lotus Lantern Festival

Robot monks lead the Lotus Lantern Festival in South Korea, ahead of Buddha's birthday on 24 May.

The Economic Times

South Korea says it will pursue all options to avoid Samsung strike

South Korea's prime minister stated the government will explore all options, including emergency arbitration, to prevent a strike at Samsung Electronics, the nation's largest employer. Pay talks are set to resume with a mediator, as a strike could cause significant economic damage, with one day of suspension potentially costing 1…

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The Times of India

'We welcome you': North Korean women football team arrives in South for a rare match

North Korea's Naegohyang Women's FC arrived in South Korea for the Asian Champions League semi-finals, marking the first sports delegation visit in eight years. The team will face South Korea's Suwon FC Women, with high public interest despite ongoing political tensions between the two nations.

The Independent UK

North Korean footballers arrive in South in rare glimpse at citizens of secretive country

It is the first visit by athletes from the North in eight years

The Independent UK

Nuevo León courts South Korean World Cup fans as 'Pes-korea' buzzes near Monterrey

The government in Nuevo León, Mexico, is inviting South Korea fans to Monterrey for the World Cup

The Independent UK

North Korea-South Korea women’s football match sells out in hours

North Korean supporters unlikely to travel for match as they are generally barred from entering rival country

The Economic Times

Kospi Crash Explained: Why South Korea's red-hot stock market tumbled 6% after record rally

South Korea's stock market saw a dramatic fall on Friday. This happened after a massive rally pushed valuations to extreme levels. The market's dependence on a few AI chip companies became clear. Samsung Electronics and SK Hynix, key players, experienced significant drops. This led to a broad index decline. Global…

Euronews

South Korea opens Galaxy Robot Park in Seoul with K-pop, AI shows and family fun

South Korea has opened the Galaxy Robot Park in Seoul, a robot-themed entertainment venue featuring humanoid boxing matches, K-pop dance shows and interactive AI attractions for children and families.

The Economic Times

Samsung shares crash 9% as labour strike raises fears of $20 billion profit hit

Samsung Electronics shares fell sharply on Friday as an escalating labour dispute and a looming 18-day strike raised fears of major disruption to chip production and deliveries. With JPMorgan estimating up to $21 billion in potential profit impact, investor anxiety has surged amid intensifying union demands and rising pressure on…

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