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Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian Gulf to Asia exceeded 170,000 dollars......
The United Nations has signed off on the first batch of carbon credits generated under the Paris Agreement’s new carbon market, marking a pivotal test of global efforts to channel finance into climate action while maintaining environmental integrity. The credits come from a clean‑cooking initiative in Myanmar that distributes more......
South Korea and the United States are set to carry out their annual spring joint military exercise next month, reinforcing allied defense readiness and advancing preparations for the transfer of wartime operational control to Seoul. The 11-day drill, known as Freedom Shield, is scheduled to take place from March 9 to 19. According to a joint......
Former South Korean President Yoon Suk Yeol has lodged a formal appeal against the life sentence handed down in connection with his attempt to impose martial law in December 2024. The move follows a landmark ruling that found him guilty of leading an insurrection, marking one of the most consequential judicial decisions in the country’s......
A South Korean court has ordered Han Hak-ja, leader of the Unification Church, back into detention, rejecting her request to extend temporary release on health grounds. Han faces bribery charges linked to former first lady Kim Keon Hee. The Seoul Central District Court had initially granted Han a brief suspension from detention from February......
South Korea strongly protested a Japanese government event held to commemorate a group of disputed islands in the Sea of Japan (East Sea), calling the ceremony an unjust assertion of sovereignty over territory controlled by Seoul. The event, organized by Japan’s Shimane prefecture, included the attendance of a senior Japanese government......
U.S. President Donald Trump announced that he is increasing newly introduced global tariffs from 10% to 15%, with immediate effect, following a major ruling by the Supreme Court of the United States that curtailed parts of his trade policy. In a statement published on his social media platform, Trump said the revised tariff level reflects......
South Korea has formally expressed concern to United States Forces Korea following a brief aerial standoff between American and Chinese fighter jets over the Yellow Sea, highlighting tensions in a strategically sensitive airspace. According to local media reports, Defense Minister Ahn Gyu-back raised the issue in a direct conversation with......
A court in South Korea has sentenced former President Yoon Suk Yeol to life imprisonment for his role in the failed December 2024 attempt to impose martial law, marking one of the most significant political and judicial decisions in recent South Korean history. The Seoul Central District Court convicted Yoon of acting as the ringleader of......
Asian equity markets climbed to fresh highs on Thursday, with Japan’s Nikkei 225 breaking above the 58,000 mark for the first time, as investors looked past stronger than expected United States jobs data and focused on signs of economic resilience. The MSCI Asia Pacific index rose 0.4 percent to a record level, extending its gains this......
South Korean police carried out a series of coordinated raids on Tuesday as part of an investigation into suspected drone flights into North Korea, marking a new escalation in a politically sensitive security scandal. The probe focuses on possible links between government institutions and a drone that was reportedly shot down over North Korean......
North Korea continues to impose severe penalties on citizens caught watching South Korean television series or films, according to recent testimonies collected by Amnesty International. The report highlights the extent of cultural repression in the country and the risks faced by those who access foreign media. Based on interviews conducted......
South Korea has expressed optimism regarding North Korea’s response after the United Nations Security Council approved exemptions from sanctions for 17 humanitarian aid projects in the country. The move allows critical aid to continue despite existing political tensions. A South Korean official emphasized that humanitarian assistance......
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