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The Latest Breaking News from South Korea

South Korea’s radical 'AI dividend' proposal: A bold future or a market nightmare?

South Korea is discussing sharing the wealth generated by artificial intelligence. A government official suggested distributing AI profits, causing a stir in the stock market. Companies like Samsung and SK Hynix are seeing huge profits from AI chips. This move highlights concerns about wealth concentration and calls for broader economic…

The Economic Times

Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says

Global hedge funds significantly increased their investments in South Korea, Japan, and Taiwan last week, reaching a decade-high in stock buying. This surge, driven by AI beneficiaries and the region's dominance in the tech supply chain, saw net exposure to these markets hit its highest point since 2010.

The Economic Times

Global Market Update | Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, says Morgan Stanley

Global hedge funds have heavily invested in Asian stocks, particularly in South Korea, Japan, and Taiwan. This buying spree, the largest in a decade, focuses on technology firms. Investors are seeking exposure to artificial intelligence beneficiaries. Major chipmakers in these countries are driving this trend. Asia's tech supply chain is…

The Economic Times

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WEBTOON Entertainment Q1 Earnings Call Highlights

WEBTOON Entertainment (NASDAQ:WBTN) reported first-quarter 2026 revenue that declined slightly from a year earlier, while profitability improved as the digital comics and storytelling platform cited stronger gross margins, cost discipline and growth in paying users. Founder and CEO Junkoo Kim said

MarketBeat

A South Korean startup captures workers' techniques to develop AI brains for robots

Workers at a five-star hotel fold napkins and wipe silverware with body cameras recording their every move

The Independent UK

Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

The two sides are meeting through South Korea's National Labor Relations Commission after earlier rounds of mediation in February and March collapsed.

Tom’s Hardware

Business Brief (May 11): Chinese and U.S. Officials to Hold Trade Talks in South Korea

DeepSeek reportedly plans to raise up to 50 billion yuan, Beijing advances 6G plans

Caixin Global

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North Korea prepares nuclear dead man's switch

North Korea has amended its constitution, mandating an automatic nuclear strike if leader Kim Jong-un is assassinated or incapacitated by foreign adversaries. This revision, prompted by concerns over recent decapitation attacks in Iran, formalizes retaliatory procedures. The move underscores Pyongyang's heightened security fears amid evolving geopolitical threats.

The Times of India

Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-April

A South Korean refinery says a tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast after passing through the Strait of Hormuz in mid-April

The Independent UK

North Korea will deploy new artillery guns targeting Seoul and commission its 1st destroyer

North Korea says it’ll deploy new long-range artillery systems capable of striking the capital region of rival South Korea this year and commission its first naval destroyer in coming weeks

The Independent UK

Daniel Dae Kim explores booming South Korean pop, film, cosmetics and food influences for CNN series

Daniel Dae Kim explores Korean culture in a new CNN series, “K-Everything: The Global Rise of Korean Culture.”

The Independent UK

AI Surge Powers Asian Stocks To Records Despite Ongoing Iran War And Oil Shock

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

International Business Times

South Korean court reduces prison sentence for ex-prime minister in martial law case

An appeals court has reduced to 15 years the prison sentence of a former prime minister over his involvement in then President Yoon Suk Yeol’s imposition of martial law in late 2024

The Independent UK

Robot monk Gabi takes Buddhist vows at Seoul's Jogyesa Temple

A humanoid robot has made history in South Korea by becoming the country's first non-human to take part in a Buddhist precept ceremony, joining monks in prayer at Seoul's Jogyesa Temple ahead of Buddha's Birthday, according to Yonhap News Agency.

The Times of India

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The Independent UK

North Korea revises constitution to drop references to unification with South

New text reportedly avoids strongly hostile language towards South Korea

The Times of India

North Korea revises constitution, drops references to reunification with South Korea

North Korea has revised its constitution to formally define its territory and remove all references to reunification with South Korea, Reuters reported citing a document. The move reflects leader Kim Jong Un's push to treat the two Koreas as separate states.

The Conversation

How to build cities for wildlife, not just people – new research

In central Seoul, South Korea, a motorway once covered a buried urban stream. Today, that same stretch has been uncovered – a process known as daylighting – and this river is home to plants, fish and insects. This flowing water cools the city in summer and attracts tens of thousands…

The Independent UK

Judge who sentenced South Korea’s former first lady to jail found dead

Judge Shin Jong-o had extended former first lady Kim Keon Hee’s sentence to four years and imposed a fine of 50m won

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Fortune

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

Euronews

Resilience amid ruins: Why markets are hitting record highs despite the Iran war

Global indices in the US, Japan and South Korea have reached all-time highs despite the economic fallout from the ongoing Iran war. Investors are clearly looking past immediate geopolitical risks but what is driving the rally?

The Independent UK

AI boom drives a rally in buying of tech shares, pushing South Korea's Kospi to a record

South Korea’s Kospi has soared nearly 7% to a fresh record as Samsung Electronics' stock jumped nearly 13% in a rally driven by expectations of strong growth in artificial intelligence

The Independent UK

South Korea considers joining Trump’s ‘Project Freedom’ to reopen Hormuz

IN FULL

The Independent UK

South Korea says it could join Trump’s ‘Project Freedom’ after ship set ablaze in Strait of Hormuz

Seoul says it’s investigating incident but US president immediately blames Iran

The Independent UK

North Korean football club to make rare visit to South Korea

The Asian Women’s Champions League meeting will mark the first visit by North Korean athletes in nearly eight years

The Independent UK

A North Korean women's soccer team is set to play in a tournament in South Korea

A North Korean women’s soccer team is scheduled to play at a regional tournament in South Korea later this month

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