South Korea and Vietnam Commit to Stronger Ties Despite Trade Issues
South Korea and Vietnam pledged to enhance economic and strategic ties during a summit to increase trade amidst global challenges and uncertainties. South Korean President Lee Jae Myung hosted Vietnamese leader To Lam, the first state guest since his inauguration on June 4. They discussed promoting trade and investment, with
South Korea’s Court Exonerates Samsung Chairman Lee in the 2015 Fraud Case.
South Korea’s Supreme Court cleared Samsung Chairman Jay Y. Lee of accounting fraud and stock manipulation charges related to the 2015 $8 billion merger, dismissing all charges. This enables Lee to focus on Samsung’s strategic objectives, including the development of advanced AI chips. The case, linked to a deal between
South Korea’s Ex-Leader Yoon Returns to Jail as the Martial Law Investigation Speeds Up
Former South Korean President Yoon Suk Yeol was detained again on Thursday, placed in a solitary cell with basic food, after prosecutors secured a new detention warrant related to his attempted martial law last year. The Seoul Central District Court approved the warrant, citing concerns that Yoon might destroy evidence.
South Korea Appoints Yeo Han-Koo as New Trade Minister
South Korea appointed Yeo Han-Koo, the former chief trade official, as the new trade minister at the President’s office to lead the tariff negotiation talks with the US. As Asia’s fourth-largest economy, it plans to hold talks with the US to reduce the tariffs. The US imposed a 25% tax
South Korea Pumped $24B in Semiconductor Amid the Global Race
On Tuesday, South Korea revealed a major boost in its support for the semiconductor industry, increasing the aid package to 33 trillion won ($23.25 billion) — a 25% jump from the 26 trillion won package announced last year. This strategic move comes amid increasing pressure on the government to enhance
South Korea Set to Unveil Its First Alternative Exchange
NEXT, Korea’s first alternative trading system (ATS), is set to launch on March 4th, 2025. The market will operate for 12 hours daily, enabling stock trading during commuting hours. Additionally, the introduction of new pricing mechanisms will support diverse investment strategies. Starting with 10 listed stocks, the number of tradable
Impeached South Korean President Faces Legal Reckoning
The political crisis in South Korea deepened further after the investigators declared that the court had issued an arrest warrant against their impeached president, Yoon Suk Yeol, against the charges of insurrection and abuse of power. In a statement, the court mentioned, “The arrest warrant and search warrant for President
South Korean President Faces Calls for Impeachment
South Korean lawmakers on Wednesday demanded President Yoon Suk Yeol’s impeachment following his abrupt declaration of martial law, which he reversed just hours later. This plunged Asia’s fourth-largest economy into its most significant political crisis in decades. The announcement on Tuesday night sparked a confrontation with parliament, which defied his
FTSE Russell Adds South Korea and India To Its Indexes
FTSE Russell, the global index provider, will now include two Asian countries in its Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) from September 2025. According to an official statement given by the FTSE on October 8th, 2024, India’s sovereign bonds will be added to the
South Korean To Bring New Labour Laws for its Workforce?
According to the advisor to the president of South Korea, Yoon Suk Yeol, the country’s labour ministry plans to introduce laws that will protect the vulnerable members (typically the members of the workforce that do not belong to any labour union) of its workforce. This policy will also include gig
