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
Yoon And Ishiba Strategic Meeting At ASEAN Summit
South Korean President and Japan’s Prime Minister Shigeru Ishiba are set to hold their first meeting on the sidelines of the ASEAN (Association of Southeast Asian Nations) conference. With this summit, both nations seek to deepen security and economic ties. This is the first meeting since Ishiba took office on
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
Samsung Invests In Vietnam Plant For Manufacturing OLED
South Korean electronics giant Samsung plans to expand its production in a Vietnam plant with $1.8 billion. The expansion will focus on OLED (Organic Light-Emitting Diode) displays for automobiles and technology equipment. This news comes after the meeting between Prime Minister Minh Chinh and the General Director of Samsung Vietnam,
South Korean Jobs Data Puts Asia-Pacific Market On Risk
The Asia-Pacific market saw a notable decline on Wednesday as investors used the latest unemployment data from South Korea. The South Korean government released its August unemployment report, showing a slight uptick in job rates, which fueled investors’ uncertainty and led to a cautious approach across regional stock exchanges. This