Korea News - Latest Updates & Headlines
Number of foreigners visiting S. Korea for medical treatment hit record high in 2024
Seoul, April 2: The number of foreigners travelling to South Korea for medical treatment reached a new high in 2024, government data showed on Wednesday, with their visits believed to have created an economic value of up to 14 trillion won ($9.55 billion).
Steelmakers brace for Trump's tariffs with US production, higher-value products
Seoul, April 2: South Korean steelmakers are bracing for US President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said on Wednesday.
South Korean acting police chief vows to mobilise full police powers on Yoon's ruling day
Seoul, April 2: South Korean Police will enforce the highest-level security alert nationwide on Friday, when the Constitutional Court is set to rule on South Korean President Yoon Suk Yeol's impeachment, the nation's top police official said on Wednesday.
South Korea: Oppn-led motion to impeach finance minister reported to National Assembly
Seoul, April 2: An impeachment motion against South Korean Finance Minister Choi Sang-mok was reported to the plenary session of the National Assembly on Wednesday, just two days before the Constitutional Court's verdict on South Korean President Yoon Suk Yeol's impeachment.
South Korea: Oppn leader expects 'reasonable' verdict on Yoon's impeachment
Seoul, April 2: South Korean Opposition leader Lee Jae-myung said on Wednesday that he expects the Constitutional Court to deliver a "reasonable" verdict on South Korean President Yoon Suk Yeol's impeachment over his short-lived martial law declaration.
US auto tariff threat stokes fears over GM Korea's possible exit
Seoul, April 2: The United States' plan to impose 25 per cent tariffs on imported automobiles starting this week has ignited concerns over the long-term stability of GM Korea, the South Korean unit of General Motors (GM), raising the possibility of its potential withdrawal from South Korea, industry observers noted on Wednesday.
US Embassy advises citizens in South Korea to avoid large gatherings ahead of Yoon's impeachment verdict
Seoul, April 2: The US Embassy in Seoul advised American citizens in South Korea on Wednesday to avoid large crowds or demonstrations ahead of the Constitutional Court's verdict on President Yoon Suk Yeol's impeachment.
S. Korea seeks to boost animal medicine market to $2.7 billion by 2035
Seoul, April 2: South Korea will work to triple the size of the animal medicine market to 4 trillion won ($2.7 billion) by 2035 as part of efforts to foster new growth engines for the economy, the agriculture ministry said Wednesday.
North Korean troops suffer over 5,000 casualties in Kursk region: British defence ministry
Seoul, April 2: North Korean troops have incurred more than 5,000 casualties while fighting Ukrainian forces in Russia's western front-line region of Kursk, Britain's defence ministry has said.
South Korean police to deploy 14,000 personnel in Seoul as court poised to rule on Yoon's impeachment
Seoul, April 1: South Korean police have decided to deploy some 14,000 personnel in Seoul, according to sources familiar with the matter on Tuesday, as the Constitutional Court is poised to rule on South Korean President Yoon Suk Yeol's impeachment case later this week.
South Korea: Parties give mixed response to court's imminent verdict on Yoon's impeachment
Seoul, April 1: The South Korean rival political parties gave mixed responses on Tuesday to an imminent ruling by the Constitutional Court on South Korean President Yoon Suk Yeol's impeachment, with the ruling party voicing hope that the case would be dismissed, and the main Opposition party saying Yoon should be removed from office.
South Korea: Constitutional Court to rule on Yoon's impeachment on Friday
Seoul, April 1: The South Korean Constitutional Court said it will deliver its ruling on President Yoon Suk Yeol's impeachment at 11 a.m. Friday, raising hopes of an end to the political turmoil that has gripped the nation since his short-lived imposition of martial law in December.
South Korea's exports rise 3.1 pc to $58.3 billion in March
Seoul, April 1: South Korea's exports gained 3.1 percent from a year earlier in March, marking a second consecutive month of increase, driven by robust demand for semiconductors and other information technology (IT) products, data showed on Tuesday.
Hyundai Steel temporarily shuts down rebar plant on low demand
Seoul, April 1: Hyundai Steel, South Korea's second-biggest steelmaker, said on Tuesday it has temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to low demand.
South Korea to continue negotiations with US on trade barrier issues
Seoul, April 1: The South Korean government will continue negotiating with Washington on non-tariff measure issues ahead of the planned announcement of U.S. reciprocal tariffs, the industry ministry said on Tuesday, shortly after the office of the US Trade Representative (USTR) released an annual report on foreign trade barriers.
$6.8 billion extra budget aimed at addressing 'pressing issues': South Korea
Seoul, March 31: The finance ministry here said on Monday that its proposal of a supplementary budget of 10 trillion won ($6.8 billion) aims to tackle the nation's most "pressing issues" rather than serve as an economic stimulus.
Hanwha Group chief transfers half of his stake to 3 sons
Seoul, March 31: Hanwha Group Chairman Kim Seung-youn has transferred half of his stake in the group's holding company, Hanwha Corp., to his three sons, the company said on Monday, effectively completing the group's leadership succession.
South Korean Constitutional Court justices reviewing Yoon's impeachment case with 'extra care': Court official
Seoul, March 31: The South Korean Constitutional Court's eight justices are deliberating on suspended South Korean President Yoon Suk Yeol's impeachment case with "extra care," a court official said on Monday amid growing calls for a swift verdict.
On-site probe begins into point of ignition for South Korea's Uiseong wildfires
Seoul, March 31: South Korean police, firefighters and relevant authorities on Monday conducted their first joint on-site investigation at the original point of ignition for the nation's worst wildfires in history that charred vast areas of woodland in the southeastern province of North Gyeongsang last week.
South Korea fully preparing for US reciprocal tariffs: Trade minister
Seoul, March 31: South Korea is making all-out efforts to fully prepare for the U.S. administration's imposition of reciprocal tariffs, Seoul's top trade official said on Monday, vowing strong support for businesses expanding into new markets.
S. Korean medical students' deadline to resume classes expires on Monday
Seoul, March 31: The government-imposed deadline for all medical students nationwide to return to classes from mass yearlong leaves of absence is set to expire on Monday, as almost all students at major medical schools in South Korea have already decided to resume their studies.
South Korean ruling party urges Constitutional Court to make swift ruling on Yoon's impeachment
Seoul, March 31: The interim leader of the ruling People Power Party (PPP) on Monday called on the Constitutional Court to swiftly deliver its verdict on President Yoon Suk Yeol's impeachment.
North Korea holds 1st large-scale workshop of instructors for children's union
Seoul, March 31: North Korea has hosted the first large-scale workshop of instructors for a nationwide children's union, emphasising their role in fostering young people's loyalty to leader Kim Jong-un, state media reported Monday.
Foreign currency deposits fall for 1st time in 3 months in South Korea
Seoul, March 31: Foreign currency deposits fell for the first time in three months in February amid the strengthening of the US dollar, the central bank here said on Monday.
South Korea proposes $6.8 billion extra budget to support economy
Seoul, March 30: The government here on Sunday proposed a supplementary budget worth at least 10 trillion won (US$6.8 billion) to support the economy hit by political uncertainties and destructive wildfires.
Single-parent families' household income at 60 pc of average: report
Seoul, March 30: The average monthly income of single-parent families stands at only about 60 percent of the average for all households, a government report showed on Sunday.
Generative AI users in South Korea nearly double in 2024
Seoul, March 30: The number of users of generative artificial intelligence (AI) services in South Korea nearly doubled from a year earlier in 2024, government data showed on Sunday.
South Korea: Worst-ever wildfires contained in Gyeongsang provinces
Seoul, March 30: Massive wildfires that ravaged the provinces of North and South Gyeongsang for over a week have been fully contained, authorities said Sunday.
South Korea: Authorities confirm full containment of massive wildfires in Gyeongsang provinces
Seoul, March 30: South Korean authorities on Sunday confirmed that the massive wildfires that devastated the North and South Gyeongsang provinces of the country last week have now been fully contained, Yonhap News Agency reported.
South Korea to provide telemedicine service to deep-sea vessel crews
Seoul, March 30: South Korea will push forward the project to provide telemedicine services for 4,500 crew members of deep-sea vessels using satellite telecommunications, the oceans ministry said on Sunday.
South Korea to fully lift short selling ban this week
Seoul, March 30: South Korea is set to fully lift the ban on stock short selling this week for the first time in five years, and shipbuilders, steelmakers and battery makers will likely be the targets of such trading practices, according to market watchers on Sunday.
Trade chiefs of S. Korea, China, Japan discuss advancing cooperation
Seoul, March 30: The top trade officials of South Korea, China and Japan on Sunday discussed bolstering trade cooperation among the three countries in their first trilateral ministerial meeting in six years, held amid growing protectionism and tensions in the global trade market.
South Korea: Police book man suspected of starting worst-ever wildfires
Seoul, March 30: South Korea's Police authorities said on Sunday that they have booked a man suspected of starting massive wildfires that ravaged the southeastern part of the country.
South Korea: Thousands hold rallies in Seoul for, against Yoon's impeachment
Seoul, March 29: Tens of thousands of people staged rallies in South Korea's Seoul on Saturday, either demanding the ouster or reinstatement of South Korean President Yoon Suk Yeol, who was impeached over his short-lived martial law invocation in December.
Wildfires in South Korea reignited in southeast areas overnight; death toll rises to 30
Andong, March 29: Wildfires in South Korea reignited in the southeastern part of the country overnight, fire authorities said on Saturday, adding firefighting helicopters were dispatched to extinguish them.
South Korea to offer $2 million in humanitarian aid to Myanmar over disastrous quake
Seoul, March 29: South Korea plans to offer humanitarian aid worth $2 million to Myanmar to assist the country's people affected by the catastrophic quake, Seoul's foreign ministry said on Saturday.
South Korean Police to summon suspect in worst-ever wildfires for questioning
Seoul, March 28: South Korean Police will summon a man suspected of causing massive wildfires in South Korea's southeastern region, officials said Friday.
Worst-ever wildfires in southeastern South Korea fully contained, leaving massive damage, causalities
Uiseong: , March 28 (IANS) Massive wildfires that ravaged South Korea's North Gyeongsang Province for a week were fully contained on Friday, authorities said, as better visibility and cooler temperatures from overnight rain helped firefighters put out the main blazes.
Putin cites North Korea among Russia's potential partners to settle Ukraine war: Report
Seoul, March 28: Russian President Vladimir Putin on Friday listed North Korea as one of the partner countries he is willing to work with to settle its war in Ukraine, according to a Russian report.
US offers condolences to South Korea over wildfires, pledges all support needed
Seoul, March 28: The United States expressed condolences to South Korea on Friday for the loss of life and the destruction caused by devastating wildfires in the southern region, pledging to provide all support needed.