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The Latest Breaking News from South Korea

S.Korea truckers return to work after strike deal; shares rally

South Korea's unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs.

Reuters

MorphoSys Stock Skyrockets On Entering Equity Participation and License Agreements With HIBio

MorphoSys AG (NASDAQ:MOR) and Human Immunology Biosciences, Inc. (HIBio), a biotechnology company, have established an equity participation agreement and license agreements to allow HIBio to develop and commercialize MorphoSys’ felzartamab, an anti-CD38 antibody, and MOR210, an anti-C5aR1 antibody. HIBio is a biotechnology company based in South San Francisco that focuses on discovering and…

Benzinga

How autocrats twist history to gain power

Leaders in China, North Korea and Russia tell history selectively or rewrite parts to suit their changing political needs.

Axios

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Fears Kim Jong-un will launch nuclear weapon as he vows to bolster deadly arsenal

Kim Jong-un's pariah state of North Korea has finished preparations for its first nuclear test launch since 2017, according to South Korea's Foreign Minister Park Jin

Daily Mirror

Trucker strike in South Korea ends with union, government settlement

South Korea's unionised truckers and the transport ministry reached an agreement on Tuesday, ending a nationwide strike that lasted for eight days, a truckers union said in statement

Reuters

South Korea hopes to normalize security pact with Japan

WASHINGTON/SEOUL -- South Korea is willing to normalize security cooperation with Japan as soon as possible, according to South Korean Foreign Minister Park Jin.

The Japan News/Yomiuri

Samsung China Chip Production Faces Disruption from Korea Trucker Strike

Samsung Electronics Co Ltd's chip production in China is facing disruption from a trucker strike in South Korea which is blocking exports of a key material, the Korea International Trade Association (KITA) said on Tuesday. It is the first concrete sign that the week-long strike is impacting chip production, having…

Asharq Al-Awsat

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S.Korea truckers end strike; gov't agrees to extend pay guarantee

South Korea's unionised truckers and the transport ministry reached a tentative agreement on Tuesday on minimum pay guarantees in a late night deal ending a nationwide strike that crippled ports and industrial hubs, the two parties said.

Reuters

Worries about S. Korean economy grow amid truckers' strike

South Korea’s prime minister has warned that the disruption of cargo transport could cause “irrecoverable” damages on the country’s economy, as a strike by truckers entered its eighth day

The Independent UK

South Korea truckers’ strike threatens to disrupt computer chip production

Stoppage by drivers is preventing the flow of key components in the tech industry and could add to global supply chain problems

The Guardian - AU

Tesla's Most Advanced EV Battery To Be Mass-Produced By South Korean Giant With $450M Investment

South Korea’s LG Energy plans to invest $451 million to begin mass production of Tesla Inc’s (NASDAQ: TSLA) 4680 battery cells, Tesmanian

Benzinga

South Korea says North completed prep for new nuclear test

South Korea’s top diplomat says North Korea has completed preparations for a new nuclear test and only a political decision by the country’s top leadership can prevent it from going forward

The Independent UK

Kia EV6 Wholesale Shipments Steady At 7,000+/Month In May 2022

Last month, Kia EV6 wholesale sales (closely related to production) amounted to 7,358, including 2,864 in South Korea and 4,494 exported.

InsideEVs

LG Energy Solution Will Produce 4680-Type Battery Cells In Korea

LG Energy Solution announced two new battery manufacturing investments in South Korea, related to 4680-type and 2170-type cylindrical cells.

InsideEVs

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The Independent UK

S. Korea truckers' strike has local shocks, not global yet

South Korea says that a weeklong strike by thousands of truckers in the country has triggered major disruptions in cargo transport and production that have caused $1.2 billion in damages

Reuters

Striking S.Korean truckers say they may block coal to power plant

Striking South Korean truckers are considering blocking shipments of coal to a power plant if the government rejects their demands for minimum pay guarantees, a senior trade union official said on Monday.

France 24

South Korea's export, manufacturing hit as truckers' strike enters seventh day

South Korea's manufacturing sector is starting to feel the impact of a week-long strike by lorry drivers. Faced with surging fuel prices, thousands of drivers are demanding the government set minimum freight rates. But first, as British households continue to grapple with a cost of living crisis, a business lobby…

ABC News

North Korea launches artillery shells towards the sea as Kim Jong Un appeals for unity at home

Kim Jong Un calls for greater internal unity as North Korea deals with economic issues and a COVID-19 outbreak, a day after South Korea's military says the North test-fired artillery shells.

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Reuters

South Korea president calls for measures to tackle inflation - News1

South Korea's President Yoon Suk-yeol ordered his top aides on Monday to come up with measures to help ease living costs amid red-hot inflation, local media News1 reported, citing an unnamed official at the presidential office.

Reuters

South Korea military deploys 100 cargo trucks to ship containers

South Korea military is operating some 100 cargo trucks consigned by the Ministry of Transport to ship containers in and out of major ports including Busan to respond to a nationwide truckers strike that began on June 7, the Ministry of Oceans and Fisheries said on Monday.

Reuters

South Korean truckers say strike is a fight for livelihood

Kang Myung-gil parked his truck last week and stopped hauling products from a unit of Samsung Electronics and other major South Korean companies to the port of Incheon, joining a strike that has hit industrial hubs and ports.

Asharq Al-Awsat

Seoul: North Korea Fires Suspected Artillery Pieces into Sea

North Korea test-fired suspected artillery pieces into the sea on Sunday, South Korea’s military said, days after North Korean leader Kim Jong Un called for greater defense capability to cope with outside threats. South Korea’s Joint Chiefs of Staff said in a statement that it detected several flight trajectories believed…

Reuters

N.Korea fires multiple artillery shots, S.Korea says

North Korea on Sunday fired multiple artillery shots between 8:07 a.m. and 11:03 a.m. local time, South Korea's military said, in another show of force a day after leader Kim Jong Un vowed to boost the reclusive nation's military power.

The Independent UK

Seoul: North Korea fires suspected artillery pieces into sea

South Korea says North Korea has test-fired suspected artillery pieces into the sea

Asharq Al-Awsat

South Korea Says it Will Boost Defense Capacity to Counter North Korean Threat

South Korean Defense Minister Lee Jong-sup said on Sunday that his country would enhance its defense capabilities and work closely with the United States and Japan to counter North Korea's nuclear and missile threat. Lee, speaking at an Asian security meeting in Singapore, said the situation on the Korean peninsula…

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