Former South Korean president Yoon Suk Yeol was sentenced to life imprisonment Thursday after being found guilty of leading an insurrection during his declaration of martial law in December 2024. The ruling, delivered by Seoul Central District Court Judge Jee…
Shares of South Korea’s largest defense firm Hanwha Aerospace plunged more than 6% Tuesday, after the company reported worse than expected numbers for its fourth quarter revenue and pre-tax profit on Monday. Revenue in the fourth quarter rose 72.56% year…
South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange. Bithumb apologized for the mistake, which took place…
South Korea’s economic growth slowed in the final quarter of last year as a sharp slump in construction investment and a pullback in exports outweighed modest gains in consumption. The economy expanded 1.5% in the October to December period from…
A South Korean court on Wednesday sentenced former Prime Minister Han Duck-soo to 23 years in jail for charges including engaging in a key action of insurrection concerning ex-President Yoon Suk Yeol’s declaration of martial law in December 2024. The Seoul Central…
South Korea’s central bank on Thursday kept its benchmark interest rate unchanged, prioritizing financial stability in its first policy meeting of the year as the won hovered around 16-year lows. The Bank of Korea’s monetary policy board voted to keep…
Asia-Pacific market fell across the board Tuesday, tracking Wall Street declines as investors continued to rotate out of the artificial intelligence trade in the U.S. Shares of AI plays, like Oracleand Broadcom, slipped more than 5% and 2% respectively, while…
South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas…
DETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea. The South Korean-based automaker is the largest U.S. importer of new vehicles from…
Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting with President Lee Jae Myung, who hopes the moves will counter concerns that the firms would prioritize U.S. investments under a trade…
Shares of SoftBank Group plunged nearly 9% on Friday, marking its third straight day of selloff after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 billion. The stock pared losses to…
Japan’s Nikkei 225 plunged below the 50,000 mark on Wednesday before paring losses amid a wider decline in Asia markets as investors fled AI-related stocks. The Nikkei lost 2.5% to close at 50,212.27 after falling over 4%, while the Topix…
South Korea’s Kospi index closed at a record high Thursday, after the International Monetary Fund raised the country’s 2025 growth forecast to 0.9% from 0.8% in its October outlook report. The IMF also raised its growth projection for the global…
Having won the presidency of Japan’s ruling Liberal Democratic Party, Sanae Takaichi is on the verge of becoming the country’s first female prime minister. Takaichi, a hardline conservative and close ally of the late Shinzo Abe, said Saturday that she…