South Korea government
South Korea vows support for biopharmaceutical, auto sectors over US tariffs
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by […]
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South Korea sets snap presidential election for June 3, drawing out contenders
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images Leading contenders began to throw their hats in the ring on Tuesday as South Korea officially set June 3 for a snap presidential election triggered […]
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South Korea fines JPMorgan, Nomura, UBS and Morgan Stanley for short selling breaches
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK. Mike Kemp | In Pictures | Getty Images South Korea’s market watchdog has imposed fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules in the domestic stock market, officials at the country’s Financial Supervisory Service (FSS) said on Thursday. “We have concluded administrative sanctions, meaning imposing fines,” an official […]
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South Korea investigators request arrest warrant for Yoon over martial law
A screens shows footage of South Korean President Yoon Suk Yeol delivering an address to the nation at Seoul station on Dec. 7, 2024 in Seoul, South Korea. Chung Sung-jun | Getty Images News | Getty Images South Korea’s joint investigation unit has requested an arrest warrant for suspended President Yoon Suk Yeol over his short-lived […]
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Yellen discusses South Korean political crisis with country’s finance minister
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen spoke to South Korean Finance Minister Choi Sang-mok on Tuesday and discussed South Korea’s political turmoil following President Yoon Suk Yeol’s attempt last week to impose martial law. Yellen “expressed appreciation for the close […]
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Ruling party leader says South Korea president must be suspended as soon as possible
Protesters hold placards during a candlelight vigil to condemn South Korean President Yoon Suk Yeol’s surprise declarations of the failed martial law and to call for his resignation in Seoul, South Korea, December 5, 2024. Kim Kyung-Hoon | Reuters South Korea’s ruling party leader said on Friday President Yoon Suk Yeol needs to be removed from […]
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South Korean parliament introduces motion to impeach President Yoon
South Korean lawmakers submit a impeachment motion of South Korean President Yoon Suk Yeol at the National Assembly in Seoul, South Korea, December 4, 2024. Yonhap News Agency | Via Reuters South Korea’s parliament on Thursday formally introduced a motion to impeach Yoon Suk Yeol, setting the stage for a historic vote which could oust […]
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South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks
A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Bloomberg | Getty Images An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say, although some see reason to be more upbeat […]
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North Korea fires multiple ballistic missiles toward the sea ahead of U.S. election
People watch a TV broadcasting a news report on North Korea firing missiles that flew 400 km after lifting off at around 7:30 a.m. from Sariwon, just south of the capital Pyongyang, at a railway station in Seoul, South Korea, November 5, 2024. Kim Hong-Ji | Reuters North Korea on Tuesday fired multiple short-range ballistic […]
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North Korea blows up parts of inter-Korean road on its side of border, Seoul says
Smoke rises after North Korea blows up sections of inter-Korean roads on its side of the border between the two Koreas, according to South Korea’s military, as seen from the South Korean side, October 15, 2024, in this screen grab from a handout video. South Korean Defense Ministry North Korea has blown up sections of inter-Korean roads and rail lines on its side of the […]
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