News
The long-running legal dispute involving SK Group Chairman Chey Tae-won reached a new milestone after a South Korean court ordered him to pay 944 billion won (approximately €566 million) to his former wife, Roh Soh-yeong, in one of the country's largest divorce settlements. The decision, delivered......
The South Korean government has raised its 2026 economic growth forecast to 3%, citing strong momentum in the semiconductor industry, resilient exports, and expectations of improved global economic conditions. According to the government's updated economic policy for the second half of the year,......
A South Korean court has temporarily suspended a decision by the country's Fair Trade Commission (FTC) to designate Coupang founder Kim Bom as the company's controlling entity, marking a significant development in an ongoing legal dispute over corporate governance. The ruling by the Seoul High......
Former South Korean President Yoon Suk Yeol has been sentenced to two years in prison after a Seoul court found him guilty of violating the country's political funding laws. The ruling marks another chapter in the legal challenges facing the former leader following his removal from office and multiple......
Korean Air reported a sharp decline in second-quarter operating profit as higher fuel costs weighed on earnings, even as the airline posted its highest-ever revenue for a second quarter thanks to robust passenger demand and a booming cargo business. The South Korean flag carrier said strong inbound......
South Korea has appealed to North Korea for assistance in locating a navy seaman who went missing near the maritime border in the East Sea, in a rare humanitarian request despite the absence of direct communication channels between the two countries. The appeal comes as South Korean authorities continue......
South Korea's Supreme Court has upheld a seven-year prison sentence imposed on former President Yoon Suk Yeol, bringing a decisive conclusion to a high-profile legal case stemming from his efforts to obstruct authorities attempting to arrest him following the country's 2024 martial law crisis. The......
South Korean President Lee Jae Myung has called for a broader defence industry partnership with NATO allies, proposing expanded cooperation in advanced technology research, weapons development and joint production programmes. Speaking at the NATO Summit's Defence Industry Forum in Ankara, Lee said......
A U.S. House Judiciary Committee interim report has accused South Korean authorities of systematically discriminating against U.S.-listed e-commerce company Coupang, alleging that regulatory scrutiny intensified following a data breach at the company in 2025. The report argues that the treatment of......
South Korea has stepped up coordination with Japan and other key international partners as authorities monitor growing volatility in foreign exchange markets, with a senior finance official warning that the South Korean won is trading well below levels justified by the country's economic fundamentals. The......
South Korea and Japan have reaffirmed their shared commitment to the complete denuclearization of the Korean Peninsula, emphasizing the importance of strengthening bilateral and trilateral cooperation to preserve peace and stability in Northeast Asia. The pledge came during a meeting in Seoul between......
South Korea and Japan have reaffirmed their shared commitment to the denuclearisation of the Korean Peninsula while advancing bilateral defence cooperation, marking another step in the gradual normalisation of security relations between the two East Asian neighbours. The agreement was reached during......
A court in Seoul, South Korea, has sentenced former first lady Kim Keon-hee to seven years in prison after finding her guilty of receiving luxury gifts and bribes in exchange for political favors and job-related influence. The Seoul Central District Court ruled that Kim, the wife of impeached former......
