South Korea court orders SK Group chairman to pay €566 million in landmark divorce ruling

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 by the Seoul High Court, marks the......

South Korea election commission searched in probe over suspected turnout data manipulation

South Korean investigators have conducted searches at the headquarters of the National Election Commission (NEC) as part of a criminal investigation into allegations that voter turnout figures from recent local elections may have been intentionally falsified. The inquiry marks one of the most significant investigations involving South Korea's......

Samsung expands foldable smartphone lineup as rising chip costs drive price increases

Samsung Electronics has reinforced its commitment to the premium foldable smartphone market by introducing a new compact foldable device while increasing prices across its latest foldable range, reflecting mounting production costs and intensifying competition ahead of Apple's expected market entry. The announcement signals a strategic......

Seoul Mayor Oh Se-hoon convicted over political funds case linked to 2021 election

A South Korean court has convicted Seoul Mayor Oh Se-hoon in a political funding case connected to opinion polling conducted before the 2021 Seoul mayoral by-election, according to local media reports. The ruling found that Oh violated the country's Political Funds Act by receiving polling services valued at 21 million won without personally......

Samsung unveils the new Galaxy Watch9 with upgraded features

Samsung has introduced its latest Galaxy Watch9 smartwatch, positioning the new model as a feature-rich device designed to combine advanced health monitoring, connectivity and durable construction. The smartwatch features a robust body made from a combination of aluminium, plastic and reinforced glass. It is rated IP68 for resistance to dust......

AI-powered breakthrough could transform the future of QLED display technology

Researchers in South Korea have developed an artificial intelligence platform that could significantly improve the manufacturing of next-generation QLED displays, potentially delivering longer-lasting and more efficient screens for consumer electronics. The research team, led by scientists from Seoul National University and Sungkyunkwan University,......

South Korea offers advanced submarines to Morocco to strengthen naval capabilities

South Korea is expanding its presence in the global defense market by promoting its latest military technologies to strategic partners, with Morocco identified as one of the priority countries for the export of its advanced KSS-III Batch-II submarines. The proposal is part of Hanwha Ocean’s broader strategy to increase international......

South Korea urges citizens to leave the Middle East amid rising tensions

The South Korean government has advised its citizens living or traveling in the Middle East to leave the region as soon as possible due to growing security concerns linked to renewed tensions between the United States and Iran. The Ministry of Foreign Affairs issued the warning after holding a security meeting with representatives from 17......

Blackstone backs South Korean robotics supplier Futronic in strategic growth investment

Blackstone has expanded its presence in the industrial technology sector through a new investment in Futronic, a South Korean manufacturer specializing in high-precision actuators for automotive and industrial robotics applications. The transaction, announced on Monday, underscores growing investor confidence in companies positioned to benefit......

Coupang Data dispute puts new strain on US-South Korea economic relations

A dispute over regulatory action against Coupang, South Korea’s largest online retailer, has developed into a broader diplomatic challenge, raising concerns about the future of economic and technology ties between South Korea and the United States. The controversy began after South Korean authorities imposed a fine on Coupang following......

Samsung prepares to launch the Galaxy Z Flip8 foldable smartphone

Samsung is reportedly preparing to unveil its next-generation foldable smartphone, the Galaxy Z Flip8, introducing several hardware upgrades and enhanced features aimed at strengthening its position in the premium foldable device market. According to industry reports and recent leaks, the upcoming smartphone is expected to feature a lightweight......

South Korea tightens rules on leveraged single-stock ETFs to curb market volatility

South Korea's financial authorities have announced tighter regulations on leveraged exchange-traded funds (ETFs) linked to individual companies, responding to concerns that the rapidly growing investment products have amplified volatility in the country's equity market. The new measures target single-stock leveraged ETFs, which were......

Tokyo and Seoul stocks tumble as investors question AI profitability

Asian equity markets came under heavy selling pressure on Thursday as growing investor concerns over the profitability of artificial intelligence investments triggered a sharp decline in technology shares, sending benchmark indices in Tokyo and Seoul significantly lower. The sell-off was led by semiconductor companies, underscoring the market's......

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