Samsung SDI signs first EV battery supply deal with Mercedes-Benz

South Korea’s Samsung SDI has reached a significant milestone by signing its first electric vehicle (EV) battery supply agreement with German automaker Mercedes-Benz. The multi-year deal marks a new phase of collaboration between the two companies as the global automotive industry accelerates its transition toward electrification. Under......

South Korea and United States agree that excessive won volatility is undesirable

South Korea and the United States have agreed that excessive volatility in the Korean won is undesirable and that both countries will continue close consultations on foreign exchange market developments, according to Seoul’s finance ministry. The agreement was reached during a meeting between South Korean Finance Minister Koo Yun-cheol......

South Korea secures oil supplies outside Strait of Hormuz amid regional tensions

South Korea has secured hundreds of millions of barrels of crude oil through alternative routes that bypass the strategically sensitive Strait of Hormuz, as part of efforts to safeguard its energy supply amid rising tensions in the Middle East. According to officials, the country has ensured access to approximately 273 million barrels of......

South Korea to build new presidential office in Sejong by 2027

South Korea is preparing to begin construction of a new presidential office in the administrative city of Sejong in August 2027, marking a significant step in the country’s long-term plan to decentralize government functions. The initiative is being driven by President Lee Jae Myung, who aims to see the project completed within his......

Apple pulls high RAM Mac mini and Mac Studio amid chip shortage

Apple has removed several high-end configurations of the Mac mini and Mac Studio from its online store, as a global memory chip shortage tightens supply across the consumer technology sector. According to reports from 9to5Mac and AppleInsider, multiple models are now listed as unavailable in the United States store. These include the Mac......

South Korean President reaffirms commitment to universal human rights amid diplomatic tensions with Israel

South Korea’s President Lee Jae Myung has reiterated his commitment to universal human rights following a diplomatic exchange sparked by his online remarks related to Israel. The comments came after tensions emerged between Seoul and Tel Aviv over a video shared by the South Korean leader on social media, which reportedly showed the......

South Korea moves closer to securing oil supplies from Kazakhstan

South Korea is nearing an agreement to secure crude oil supplies from Kazakhstan, as part of its strategy to diversify energy sources amid ongoing instability in the Middle East. According to the country’s industry minister, negotiations have made significant progress, with details regarding volumes and delivery timelines expected to......

Iran says US agreed to unfreeze $6 billion as White House denies claim

Iran said the United States had agreed to release $6 billion in frozen assets held abroad, but the White House quickly denied the claim, underscoring deep mistrust as high-stakes talks opened in Islamabad. According to Iranian officials cited by Reuters, the funds are held in accounts in Qatar and other foreign banks. One source said the......

LG releases open-weight AI model outperforming GPT-5 mini

LG AI Research introduced EXAONE 4.5 on Thursday, a vision-language model blending a proprietary vision encoder with a large language model to handle text and images together. The South Korean firm's research unit claimed superior average scores over OpenAI's GPT-5 mini and Anthropic's Claude Sonnet 4.5 across 13 metrics on AI......

Hyundai recalls over 294,000 vehicles in the United States over seat belt defect

South Korean automaker Hyundai Motor Company has announced a large-scale recall affecting more than 294,000 vehicles in the United States due to a potential safety defect involving seat belt anchors. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the seat belt anchor to detach during use. This......

Corporate climate targets surge 40 percent as SBTi surpasses 10,000 companies

The Science Based Targets initiative reported a 40 percent increase in the number of companies with validated climate targets in 2025, countering claims that corporate climate ambition is weakening. According to newly released data, more than 2,800 companies received validation during the year, bringing the total to over 10,000 firms with......

Middle East war splits energy markets into winners and losers

A six-week conflict involving the United States, Israel, and Iran has triggered Asia's worst energy crisis in decades, with surging fuel prices, severe LPG shortages, and widespread economic fallout. A fragile two-week ceasefire announced April 7 offers only tentative relief. Wood Mackenzie's April 6 analysis shows Asia's spot......

Tesla sets South Korea record as first import brand to surpass 10,000 monthly sales

Tesla registered 11,134 vehicles in South Korea in March, a 330% increase compared to the same month last year, according to data from market research firm Carisyou cited by Reuters. The result makes Tesla the first imported automotive brand ever to exceed 10,000 monthly sales in the country, a milestone confirmed by the Korea Automobile Importers......

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