South Korea

The Latest

  • South Korean Prime Minister and Top Officials Resign Following Ruling Party's Crushing Defeat in Parliamentary Elections
    South Korean Prime Minister and Top Officials Resign Following Ruling Party's Crushing Defeat in Parliamentary Elections
    South Korea's liberal opposition party scored a landslide victory in Wednesday's parliamentary elections, putting President Yoon Suk Yeol in a challenging position for the remaining three years of his term. The Democratic Party and its satellite party won a combined 175 seats in the 300-member National Assembly, while Yoon's ruling People Power Party (PPP) secured only 108 seats, according to South Korean media tallies.
  • Seoul Faces Healthcare Disruption as Junior Doctors Protest, Government Threatens Action
    South Korea's President Yoon Suk-yeol Reshuffles Cabinet, Aiming to Strengthen Position Ahead of Key Parliamentary Elections
    In a dramatic standoff with the South Korean government, over 7,800 junior doctors have resigned from their positions, citing unsustainable working conditions and a lack of meaningful dialogue with authorities.
  • Violent Attack on South Korean Opposition Leader Shakes Political Landscape Ahead of Elections
    South Korean Opposition Leader Lee Jae-myung Stabbed in Busan
    The onset of 2024 has thrust South Korea into a political whirlwind following the violent stabbing of Lee Jae-myung, the leader of the Democratic Party of Korea, during a public event in Busan. The incident has not only sent shockwaves through the nation but also potentially sets the stage for shifts in the upcoming crucial national assembly elections.
  • South Korea Invests Heavily in Lithium Battery Industry with 206.7 Billion Yuan Support
    Diminishing Growth And Inflation Ahead Of South Korea
    The South Korean government plans to launch a series of measures to boost the competitiveness of its lithium battery industry and maintain its global leadership.
  • South Korea Reacts to North's Satellite Launch with Partial Military Pact Suspension
    RECONNECTED
    South Korea has decided to partially suspend the inter-Korean military agreement with North Korea, originally signed in 2018.
  • South Korea Stocks Surge Follows Extended Short-Selling Prohibition
    South Korea
    In a move that propelled South Korean markets to their best gains in over two years, financial authorities announced the extension of a short-selling ban, sending the Kospi index soaring by 5.66% and the Kosdaq index up by 7.34%. The directive, aimed at leveling the playing field for investors, will halt the short-selling of stocks until June 2024. This decision coincides with a softer-than-expected U.S. jobs report, which dampened concerns over aggressive rate hikes by the Federal Reserve.
  • South Korea's Seafood Saga: Opposition Leader's Hunger Strike Amid Government's Push for Seafood Consumption
    69.3% of Travelers to Japan Cancel or Change Their Trip Due to the Trade Conflict Between South Korea and Japan
    On August 31, Lee Jae-myung, the leader of the largest opposition party, the Democratic Party of Korea, announced a hunger strike in protest against the administration of President Yoon Seok-youl. One of Lee's grievances is the South Korean government's lack of opposition to Japan's nuclear wastewater discharge.
  • South Korea's Exports Experience Decade-Worst Dip as Chip Demand Deteriorates
    Semiconductor
    South Korea, the "canary in the coal mine" of the global economy, has seen its exports drop for ten straight months due to the further deterioration in chip demand.
  • Riding the New Wave: South Korea Aims to Rank as Third Global Powerhouse in AI
    69.3% of Travelers to Japan Cancel or Change Their Trip Due to the Trade Conflict Between South Korea and Japan
    In the wake of the emergence of OpenAI's GPT series, governments and corporations worldwide are catching a glimpse of the Fourth Industrial Revolution. Major economies globally are throwing their hats into the ring, placing heavy bets in a bid to seize the advantage in the AI race. South Korea, already a player in the semiconductor field, is striving to join the ranks of AI superpowers.
  • South Korea Sees Rapid Growth in Elderly Care Facilities Surpassing Number of Daycare Centers
    South Korea
    Recent reports from South Korea's Ministry of Health and Welfare suggest an ongoing shift towards an older population. As a result, the country's care infrastructure is adapting to meet the changing demographic needs.
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