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The Latest Breaking News from South Korea

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

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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

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

The Independent UK

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.

Reuters

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…

France 24

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.

ABC News

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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…

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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…

Reuters

South Korea says it will boost defence capacity to counter North Korean threat

South Korean Defence Minister Lee Jong-sup said on Sunday that his country would dramatically enhance its defence capabilities and work closely with the United States and Japan to counter North Korea's nuclear and missile threat.

Reuters

Report on South Korean in Russia-controlled East Ukraine

The June 11 story saying that a captured fighter from South Korea will go on trial in the self-proclaimed Donetsk People's Republic, according to the Russian Interfax news agency, is wrong and is withdrawn.

Asharq Al-Awsat

NKorea Leader Reaffirms Arms Buildup in Party Meeting

North Korean leader Kim Jong Un doubled down on his arms buildup in the face of what he described as an aggravating security environment while outside governments monitor signs of a possibly imminent North Korean nuclear test explosion. Kim’s comments during a major three-day political conference that wrapped up Friday…

Asharq Al-Awsat

Saudi Culture Minister Discusses Aspects of Cooperation with South Korea’s SM Entertainment

Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan has held talks with the founder of SM Entertainment, Lee Soo-man, in Seoul. Prince Badr concluded on Thursday a two-day visit to South Korea aimed at strengthening cooperation with Korean cultural authorities, and discussing ways to develop them. Both sides…

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