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The Latest Breaking News from South Korea

South Korean trade watchdog alleges Google abused its position in Android app store

South Korea's antitrust regulator alleged on Wednesday that Alphabet's Google abused its dominant position in the Android app marketplace to hinder competition and will recommend corrective measures and a financial penalty.

The Economic Times

South Korean fans boo World Cup squad arriving home after early exit

Crowds booed South Korea’s World Cup team as they returned to Seoul on Tuesday (30 June) following their early exit from the tournament.

The Independent UK

Japan the example to follow but this has been a dismal World Cup for Asia

Iran were treated badly while two countries were debutants, but Saudi Arabia and South Korea should have done better

The Guardian - UK

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From The Odyssey’s Greece to House of the Dragon’s Spain, here’s where set-jetters may head in 2026

The newly released Screen Tourism Forecast Index is predicting which countries and cities will see a surge in visitors thanks to film and TV this year.

Euronews

Chinese dissident arrives in Canada after 11 years of trying

A Chinese dissident who fled to South Korea last month in a rubber dinghy has arrived in Canada, more than a decade after his first escape attempt ended when authorities in Thailand sent him back to his home country.

Bangkok Post

Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycle

South Korean tech giants Samsung and SK Hynix are investing billions in AI chip production, a move lauded by President Lee Jae Myung. While aiming to boost national capacity, analysts warn of potential oversupply risks if AI spending slows. The companies are accelerating fab construction, but much of the new…

The Economic Times

Global Markets: S.Korean shares log best quarter in nearly 30 years on chipmaker rally

South Korean stocks celebrated their best quarter in almost three decades, driven by a phenomenal surge in chipmakers. The KOSPI index soared, with tech giants Samsung Electronics and SK Hynix posting impressive gains, fueled by a new government strategy for semiconductor and AI investments. Despite some volatility, the market's performance…

The Economic Times

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US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boom

Market strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He advises caution on US equities, favoring select Asian markets like Japan, Singapore, Taiwan, and South Korea. Freris believes a US market correction is inevitable and could trigger a global…

The Economic Times

Korea's Hangul is the world's only alphabet where every consonant is shaped like the mouth that pronounces it, and the only major writing system with a known inventor

Most writing systems evolved gradually over centuries, making it impossible to identify who invented their letters. Nobody knows who created A, B or C, or the original forms of most scripts still used today. Korea's Hangul is a remarkable exception. Created in 1443 by King Sejong the Great and officially…

The Times of India

Asian shares mostly higher tracking Wall Street gains and oil stabilizes

Asian shares are mostly higher tracking Wall Street gains, with South Korea's stock market, rebounding after earlier sharp losses on a tech sell-off

The Independent UK

Global Market: Financial firms shift Asia expansion focus to South Korea, take cautious stance on China and India

Global financial firms are increasingly prioritising South Korea for Asia-Pacific expansion while adopting a cautious approach towards China and India, an ASIFMA-KPMG survey found. Regulatory clarity, stable policies and capital market opportunities are driving investment decisions, as firms reassess regional strategies amid geopolitical risks and operational challenges.

The Economic Times

South Korea bets big on AI with nearly a trillion dollars in investment

South Korea bets big on artificial intelligence with nearly $1 trillion worth of investment through 2029. Also in this edition, Comcast announces it will spin off NBCUniversal into a separate, publicly traded company. Plus France takes aim at Shein, Temu and AliExpress with a new law aimed at curbing ultra-fast…

France 24

South Korea takes drastic action to protect football team returning from disastrous World Cup

IN FULL

The Independent UK

South Korea to deploy riot police for team’s return from nightmare World Cup campaign

Riot police will be deployed for the national team’s return amid death threats directed at their manager Hong Myung-bo

The Independent UK

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International Business Times

Samsung, SK Group To Unveil Investment Plan Worth Hundreds Of Billions To Boost AI And Chip Production

South Korea is accelerating investments in semiconductors and artificial intelligence as governments worldwide race to secure critical technology supply chains amid geopolitical tensions and growing competition.

Tom’s Hardware

South Korea unveils $520 billion investment plan with Samsung and SK Hynix to expand memory chip dominance — plan includes four new fabs and HBM facilities, amid strong government support

President Lee unveiled an 800 trillion won ($520B) public-private plan for four new Samsung and SK Hynix fabs, dwarfing the US CHIPS Act tenfold.

International Business Times UK

South Korea Coach Resigns Not Long After President Calls Him 'Incapable' Over World Cup Failure

Hong Myung-bo resigns as South Korea's football coach after World Cup exit, following criticism from President Lee Jae-myung over leadership and team performance.

PC Gamer

South Korea's president declares that it will invest over $580 billion in its AI chip industry, with Samsung and SK hynix coughing up most of the money

That's great and all that jazz, but can I have affordable DDR5 and SSDs again, please?

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The Economic Times

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

The Economic Times

Key facts on South Korea's three chip and AI 'mega projects'

Below is a summary of the investments and targets announced at the event and in corporate and government statements.

The Independent UK

South Korea announces $1 trillion semiconductor and AI ‘megaprojects’ plan

Samsung stocks drop by four per cent despite major AI and semiconductor investment

France 24

China, EU commerce ministers meet amid widening trade imbalance

EU Trade Commissioner Maros Sefcovic and his Chinese counterpart are meeting in Brussels as Europe prepares countermeasures to battle a flood of cheap imports. Also, oil prices climb after a weekend of renewed strikes between the US and Iran, and South Korea unveils a massive new investment in chip production.

The Independent UK

‘Incapable’ South Korea manager quits in disgrace after president demands investigation into World Cup exit

Hong Myung-bo failed to guide South Korea beyond the group stage and has been lambasted in his homeland

The Independent UK

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand

The Economic Times

Japan's Nikkei reverses course to end higher as chip-related shares cut losses

Japan's Nikkei index staged a remarkable comeback, closing higher after significant early losses. This reversal was driven by chip-related stocks, which recovered following South Korea's announcement of massive investments in chip and AI mega-projects. Investors shifted focus, boosting companies like Nintendo and Sony, while energy stocks experienced a downturn. The…

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