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The Latest Breaking News from South Korea

Global Market: Japan's Nikkei falls 2% as Samsung slump sparks chipmaker selloff

Japan's Nikkei share average closed two percent lower on Tuesday. Semiconductor heavyweights fell significantly after South Korea's Samsung Electronics tumbled. The broader Topix index also ended lower while value stocks saw buying interest. Investors booked profits in AI stocks and purchased undervalued companies. Japanese banking shares and Toyota Motor experienced…

The Economic Times

As South Korean Buddhism woos Gen Z, how hip is too hip?

In fast-secularising South Korea, Buddhism is regaining popularity thanks to a "hip" trend wooing Gen Z with festivals, fashion, robots and DJs, even as some fear for the fundamentals of the faith. "If Buddhism is consumed merely as a 'good image', its newfound hipness may prove to be little more…

The Economic Times

Korean smuggler's accomplice arrested in Bangkok

Bangkok police have arrested a South Korean accused of involvement with an accomplice who was apprehended smuggling “ice” hidden in his underpants into South Korea.

Bangkok Post

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Samsung expects 1,800% operating profit leap on AI boom

SEOUL - South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Bangkok Post

Kospi plunges 8% as AI investors fear rally is overblown; trading halted for 20 mins

South Korea's Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to…

The Economic Times

SK Hynix Is Seeking To Capitalize The AI Boom Through One of The Biggest Tech Listings Ever

South Korean memory chip giant SK Hynix is taking its artificial intelligence success story directly to Wall Street, launching a massive $28.07 billion American depositary receipt (ADR) offering.

International Business Times

Canada to buy 12 hi-tech German submarines after bidding war

TKMS beats South Korean rival to multibillion-dollar contract that will deepen Canada’s Nato ties

The Guardian - UK

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Trump Has Accused Oil Companies Of 'Gauging' Consumers. South Korean Prosecutors Have Done Exactly That.

Four major oil refiners in South Korea have been indicted over alleged price collusion.

International Business Times

China’s Huawei to enter South Korean AI chip market with new Atlas SuperPods, clusters pack 8,192 Ascend 950 accelerators per deployment — reportedly challenges Nvidia dominance with 'tripled inference performance' of H20 at one-quarter the cost

Huawei is reportedly preparing to enter South Korea's AI accelerator market with its Ascend 950 chips and Atlas 950 SuperPod, challenging Nvidia through aggressive pricing, amid a broader push to expand its AI ecosystem beyond China

Tom’s Hardware

South Korea to funnel AI chip tax windfall into public investment, housing and jobs

South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from semiconductor infrastructure to housing and jobs for young people.

Euronews

FIFA World Cup flop triggers football reckoning across Asia as heads roll and hard questions mount

Asia's dismal FIFA World Cup performance has led to widespread soul-searching, with top football officials and coaches stepping down. South Korea's FA president and head coach resigned after a group stage exit, mirroring similar departures in Saudi Arabia. Despite an expanded tournament offering more spots, Asian teams secured only three…

The Economic Times

Global Market: Kospi slides after early surge as AI stocks face valuation pressure

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix's upcoming US listing and Samsung Electronics' expected profit surge highlight continued AI demand, even as regional…

The Economic Times

Global Market: South Korea launches 24-hour onshore dollar-won trading to boost global market appeal

South Korea has launched a 24-hour onshore dollar-won trading system, a significant move to boost currency accessibility and global appeal. This extended trading window aims to attract foreign investors and improve market liquidity, aligning with Seoul's ambition for developed market status in global indices. The reform is expected to enhance…

The Economic Times

South Korea's SK Hynix slides over 5% ahead of $29 billion Wall Street debut

South Korea's SK Hynix is poised for a massive US listing, aiming to raise around $29 billion to capitalize on booming AI demand. Despite a 5% dip on Monday, the chipmaker's shares have soared this year, driven by its crucial role in supplying AI systems. This blockbuster offering, set to…

The Economic Times

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The Economic Times

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

The company will sell 17.79 million new shares in the depository receipt listing ‌on the ⁠Nasdaq, ⁠making it one of the world's most valuable tech firms.

The Independent UK

Canada to decide between German, South Korean submarine bids on Monday

Canada is expected Monday to choose between German and South Korean bids to build a multibillion-dollar fleet of 12 submarines

Fortune

After a nearly 800% explosion, this AI stock's U.S. debut could signal if the market can still boom—or is headed for a bust

Shares of South Korea's SK Hynix will list on the Nasdaq and are expected to start trading on Friday.

The Guardian - UK

Beth McKillop obituary

Museum curator and scholar with a special focus on Korean art

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The Economic Times

Falling oil prices give RBI more room to focus on growth, but relief uneven across Asia: Standard Chartered

Falling crude oil prices are providing a significant boost to India and other Asian nations, allowing central banks to prioritize economic growth. This "disinflationary relief" eases pressure on external accounts, especially for heavy energy importers like India, Thailand, and the Philippines. While some economies like South Korea may still face…

The Economic Times

South Korea plans future fund backed by semiconductor tax windfall

South Korea is establishing a "Future Response Fund" from semiconductor boom tax revenues. This fund will fuel major national projects, boost growth engines, and support younger generations. The initiative aims to tackle economic polarization and solidify the nation's global standing. President Lee Jae-myung's administration envisions this as a cornerstone for…

The Economic Times

AI capex cycle likely to end with market pushback, not spending cuts: Jefferies

Global brokerage Jefferies suggests the AI investment boom might falter not due to tech giants cutting spending, but investor impatience for returns. A significant wealth transfer to North Asia, evident in surging Korean and Taiwanese market caps, highlights where AI capital is flowing. US hyperscalers' recent underperformance and increased debt…

Bangkok Post

Korean gambling kingpin sought by Interpol arrested in Pattaya

A South Korean man wanted under an Interpol red notice for alleged involvement in a major online gambling and scam operation has been arrested in Pattaya.

FourFourTwo

'An unknown number called, asking to meet at the hotel opposite my home. I thought, “How does he know where I live? How did he get my number?”’ Guus Hiddink recalls how he landed the South Korea job

The Dutchman led South Korea to the World Cup semi-finals in 2002

Barchart

SK Hynix Stock’s Upcoming U.S. Listing Is a Sign the Memory Trade Could Soon Topple. 2 Ways to Profit from the Pain.

South Korean memory giant SK Hynix is expected to list its American Depositary Receipts (ADRs) in the U.S. under the ticker SKHY. Its debut is tentatively scheduled for Friday, July 10.

Euronews

Humanoid robots showcase football skills

Humanoid robots compete in football matches at RoboCup in Incheon, South Korea, showcasing advances in robotics as spectators watch the action.

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