Latest news and articles about south korea from NEX English
South Korean police have arrested a YouTuber named Kim Si-wee for allegedly spreading false information about the star Kim Soo-hyun, accusing him of being involved with a minor. This incident has severely impacted Kim Soo-hyun's career.
South Korean authorities have arrested Chinese dissident <strong>Dong Guangping</strong> after his 30-hour sea escape from China, aiming to join his family granted asylum in Canada. This incident highlights ongoing human rights issues faced by political opponents in China.
South Korea has announced positive economic growth forecasts for 2023, adjusting the growth rate to <strong>2.6%</strong> despite challenges such as rising inflation and currency depreciation. This comes at a time of significant recovery in semiconductor demand.
Members of the Samsung Electronics labor union agreed to a deal with management ensuring substantial annual bonuses following a strike threat. This decision comes amid a surge in global demand for artificial intelligence technologies, contributing to the company's profit increase.
Samsung Electronics employees began voting on Friday to determine the temporary wage agreement for 2026, amidst escalating tensions due to significant disparities in bonuses across company divisions. The voting will continue until May 27, involving approximately 89,000 union members.
The Bank of Korea has upgraded its economic growth forecast for South Korea to <strong>2.6%</strong> for 2023, driven by a strong recovery in semiconductor exports. This new estimate reflects a significant increase compared to previous forecasts.
The South Korean government has launched a temporary visa waiver program for Indonesian tourists, allowing groups of three or more to visit the country without a visa for up to 15 days. The program starts on May 28 and will continue until the end of December this year.
The Bank of Korea has kept interest rates unchanged, but a clear division among board members indicates a potential tightening of monetary policy to combat rising inflation. This decision comes amid increasing inflationary pressures and a weakening local currency against the dollar.
The South Korean Ministry of Trade and Industry reported a 5.5% drop in car exports in April 2026, totaling $6.17 billion. This decline coincides with ongoing tensions in the Middle East, affecting global oil prices.
South Korean President Lee criticized Israel's recent arrests, describing them as 'exceeding limits.' His remarks came during a press conference where he emphasized the need to respect human rights amid rising tensions in the region.
In light of ongoing disruptions in the Strait of Hormuz, South Korea is taking serious steps to develop Arctic shipping routes, following China's model. Seoul aims to establish a regular trade route through these waters by 2030, with an initial trial set to begin later this year.
South Korean authorities interrogated a Chinese citizen found in a rubber boat off the country's western coast, believed to be a political dissident attempting to flee China. He was arrested on suspicion of violating immigration laws.
A South Korean appellate court has extended the prison sentence of former Interior Minister Lee Sang-min to nine years after he was convicted of charges related to martial law. The ruling, issued on May 12, 2024, deemed the previous seven-year sentence insufficient.
South Korea refrains from accusing Iran following the attack on its commercial vessel HMM Namu, despite initial evidence suggesting the use of Iranian drones. The incident occurred on May 4 off the coast of the United Arab Emirates.
On Monday, South Korea's stock markets experienced a significant rise, with the KOSPI index increasing by <strong>5.05%</strong> to reach <strong>7,876.60 points</strong>. This surge reflects growing investor optimism regarding the future of artificial intelligence and gains in semiconductor companies.
In an unprecedented move, a human-like robot has been recognized as a Buddhist monk in South Korea, showcasing the intersection of technology and religion. The ceremony took place at a famous Buddhist temple, where the robot was dressed in traditional monk attire.
An oil tanker successfully crossed the Strait of Hormuz and reached South Korea, marking the first vessel to do so since Iran announced the closure of this vital passage. This development highlights new trends in maritime navigation amid ongoing political challenges.
Low-cost airlines in South Korea have canceled approximately <strong>900 flights</strong> due to the sharp rise in oil prices caused by the ongoing conflict in Iran. This decision comes as airlines face increasing financial pressures, prompting emergency measures to address economic challenges.
Reports indicate that South Korea's stock index has made a significant leap in the global rankings for 2026, surpassing Canada. This success is attributed to the increased representation of technology stocks and the opening of new markets.
On Thursday, the South Korean Foreign Ministry dismissed U.S. President Donald Trump's allegations that a South Korean ship was attacked while operating alone without American protection in the Strait of Hormuz. The ministry confirmed that the ship was anchored near the UAE prior to the fire outbreak.
South Korean companies are increasingly struggling to find profitable industrial collaboration opportunities with their Chinese counterparts due to rapid technological advancements in China and competitive pricing. Experts at a recent forum in Beijing called for enhanced cooperation in high-growth sectors such as batteries and artificial intelligence.
South Korea has announced the redirection of its oil tankers through the Red Sea as a precautionary measure due to the ongoing crisis in the Strait of Hormuz. This decision follows investigations into the fire on the 'Namo' vessel.
In a groundbreaking event, a human-like robot was ordained as a Buddhist monk in South Korea, coinciding with the upcoming Buddha's Birthday on May 4. This initiative reflects technological advancements in integrating robots into spiritual life.
On Wednesday, BlackRock's exchange-traded fund tracking South Korean stocks experienced record withdrawals as investors pulled their liquidity amid a general rise in stocks, pushing the country's index to historic highs. This rapid withdrawal reflects investor concerns over market volatility during a notable economic recovery in South Korea.
Samsung has seen a remarkable stock increase of over 15%, elevating its market value to surpass the $1 trillion mark. This achievement reflects the company's success in navigating global economic challenges.
In a significant move reflecting the global trend towards enhancing technological collaboration, South Korean President <strong>Lee Jae-myung</strong> and Dutch Prime Minister <strong>Rob Jetten</strong> agreed to expand cooperation in advanced technology sectors including semiconductors, artificial intelligence, quantum technology, and renewable energy.
South Korea's stock market has overtaken Canada's, becoming the seventh largest globally, driven by rising demand for chips used in artificial intelligence. The market capitalization of Korean companies has surged by 71% this year.
South Korean stocks hit a new record high on Thursday, following gains of over 6% in the previous session. This surge is fueled by optimism surrounding a potential peace agreement between the U.S. and Iran, alongside the strong performance of chip manufacturers.
The UAE national team drew with South Korea 1-1 in the first round of Group C at the Asian U17 Cup held in Jeddah. The UAE took an early lead, but South Korea equalized in the final moments.
A South Korean appellate court has reduced the prison sentence of former Prime Minister <strong>Han Duck-soo</strong> to <strong>15 years</strong> after his conviction for crimes related to martial law declared by former President <strong>Yoon Suk-yeol</strong>. This decision follows a lower court's ruling that sentenced him to <strong>23 years</strong> in January.