Korean Air merger with Asiana Airlines gains approval from Japan; EU and U.S. decisions awaited
Korean Air's proposed merger with domestic rival Asiana Airlines has received approval from Japan's antitrust regulator, the Japan Fair Trade Commission.
South Korea
Stay updated with the latest news and articles about South Korea.
Latest Articles
Covert money transfers from South to North Korea persist despite restrictions
Since 2020, North Korean leader Kim Jong Un has escalated crackdowns on brokers to curb the flow of money and what he deems as "reactionary ideology and culture" from South Korea. South Korea, too, has tightened regulations on such transfers, leading to increased scrutiny by authorities.
Porsche’s emphasis on ASEAN market growth as Korea becomes 5th-largest market
Porsche, the German luxury carmaker, is strengthening its commitment to the Southeast Asian region, particularly the Association of Southeast Asian Nations (ASEAN).
South Korea’s daily FX turnover reaches all-time high in 2023 amid increased securities trading
In 2023, South Korea experienced a record-high daily foreign exchange (FX) turnover in its banking sector, reaching an average of $65.96 billion per day.
SK Hynix returns to profit on strong AI demand, ending 4 consecutive quarters of losses
The financial results for the October-December period reflect an operating profit of 346 billion won ($259.4 million), marking a substantial improvement from the 1.9 trillion won loss recorded during the same period in the previous year.
North Korea develops AI; raises security concerns
North Korea actively pursues AI and machine learning development for diverse applications, raising security concerns.
North Korea launches cruise missile towards Yellow Sea; intensifies conflict
South Korea's Joint Chiefs of Staff reported the cruise missile launches at approximately 7 am (GMT +9) emphasizing that the specifications are undergoing close analysis by both South Korean and U.S. intelligence authorities.
North Korea demolishes symbolic Arch of Reunification; labels South Korea as “primary foe”
During a speech at the Supreme People's Assembly on January 15, Kim referred to the monument as an "eyesore" and ordered amendments to the constitution, explicitly stating that the South is a "primary foe" and "principle enemy."
Experts dispute war as Kim Jong Un alters approach, emphasizing diplomacy despite concerns
Despite concerns over Kim Jong Un's recent actions, experts disagree on his aim for war, with many attributing his behavior to strategic maneuvers or negotiation tactics.
South Korea allocates $74.9 million to boost reshoring efforts in 2024
South Korea's Ministry of Trade, Industry and Energy announced plans to allocate 100 billion won ($74.9 million) in 2024 to support local businesses in reshoring their production from overseas.
Showing 230 of 288 articles