Penny Wong Visits Asia to Secure Australia’s Energy
The Australian foreign minister, Penny Wong, said she will visit China, Japan, and South Korea this week. The main reason for this trip is to discuss problems with fuel supply. There have been such problems in the West Asia region since the beginning of February. Now, Australia is dealing with
South Korea Growth Surges on Chip Demand
In 2026 Q1, South Korea exceeded growth expectations by an impressive margin. Due to strong global demand for semiconductors, due to investment into AI and other technologies, the South Korean economy grew at an annualised 1.7% compared to an expectation of just 1.0%, which is the highest quarterly growth rate
South Korea Producer Prices Surge in March 2026
In March, South Korea’s producer prices posted their largest year-on-year rise in over three years due to the continuing impacts of geopolitical conflict, causing global oil supply chain disruptions. The Bank of Korea indicated that in March, the Producer Price Index increased by 4.1% year-on-year, compared with a February increase
South Korea Import Prices See Sharpest Rise in Years
South Korea’s import prices rose at their fastest rate in more than three years in March, due to a strong rebound in world energy prices. According to the central bank figures, the import price index has risen unexpectedly by 18.4% year-on-year, the largest increase since October 2022. Monthly prices jumped
DeepX Prepares for IPO, Eyes Global Expansion
South Korean AI chip startup DeepX is preparing to list on a stock exchange, a major milestone in its development amid the growing demand for artificial intelligence hardware. The company announced plans to launch an initial public offering domestically while remaining open to a US listing at a later date,
Atomic Energy & Coal: Korea’s Hormuz Survival Plan
South Korea’s ruling party, the Democratic Party, has introduced an emergency energy plan to stabilize its economy amid tensions in the Middle East, which have disrupted oil and gas supplies from the region via the Strait of Hormuz. Since they import their energy sources in full, they are changing their
Lee Warns US Immigration Raids Could Discourage Investment
South Korean President Lee Jae Myung addressed the recent U.S. immigration raid at a Hyundai Motor project site in Georgia, which resulted in the detention of approximately 300 South Korean workers. He expressed concern that such events could influence U.S. investment decisions by Korean companies, citing the confusion and hesitancy
South Korea’s Ex First Lady Kim Keon Hee Indicted on Bribery Charges
Kim Keon Hee, the wife of South Korea’s former President Yoon Suk Yeol, was officially charged with bribery and other crimes by a special prosecution team on Friday. This development occurs amidst an expanding investigation into the nation’s martial law crisis and related scandals involving the now-retired power couple. Both
Ex-President Yoon’s Wife Joins Him in Jail After Corruption Charges
Kim Keon Hee, South Korea’s former first lady, was taken into custody on Tuesday night after a court approved her arrest over alleged corruption, a charge she disputes. The move marks a pivotal moment in an expanding special investigation. Kim Keon Hee is now the first former first lady in
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
