South Korea

South Korean Stock Market Drops to One-Year Low

South Korean stock market shares dropped by slightly over two percent on Monday to reach a one-year low, Yonhap News Agency reported, noting the development came amid increased concern among Asian investors that a global economic recession may be on the horizon.

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 15, 2022. Asian stock markets were mixed Wednesday ahead of the Federal Reserve's announcement of how sharply it will raise interest rates to cool U.S. inflation. (AP …

South Korea: Conservatives Cement Presidential Election Gains in Regional Vote

Members of South Korea’s ruling, conservative People Power Party (PPP) were projected to win at least 12 of 17 governmental posts in local elections nationwide on Thursday, Yonhap News Agency reported, noting that the PPP’s “landslide” victory would provide South Korea’s newly elected President Yoon Suk-yeol with “an added mandate” to push forward with his conservative agenda.

SEOUL, SOUTH KOREA - JUNE 01: South Korean people cast ballots for local elections to elect mayors, governors, council members and education superintendents nationwide at a polling station in Seoul, South Korea on June 01, 2022. (Photo by Young-Ho Lee / Sipapress / Pool/Anadolu Agency via Getty Images)

South Korea Joins NATO Cyber Defense Group

South Korea’s National Intelligence Service (NIS) on Thursday was formally admitted to the NATO Cooperative Cyber Defense Center of Excellence (CCDCOE), becoming the first Asian member of the defensive alliance.

Staff operate at the NATO Computer Incident Response Capability (NCIRC) technical center, at NATO's military headquarters SHAPE in Mons, southwestern Belgium, Tuesday, Dec. 10, 2013. The NCIRC protects NATO systems and information from any form of attack and from deliberate or accidental exposure. (AP Photo/Yves Logghe)

South Korea Drops Virus Curbs, Invites 41,000 to Presidential Inauguration

South Korea President-elect Yoon Suk-yeol has invited 41,000 guests to attend his inauguration ceremony on May 10, Yonhap News reported on Tuesday, noting Yoon’s team recently expanded his guestlist beyond what was previously planned in light of South Korea dropping almost all Chinese coronavirus-related social gathering restrictions on Monday.

FILE - South Korea's president-elect Yoon Suk Yeol speaks during a news conference at the National Assembly in Seoul, South Korea on March 10, 2022. After winning a bitterly contested presidential election, South Korean conservative Yoon will enter office facing a quickly growing North Korean nuclear threat - and with …

South Korea, Japan Seek Post-Pandemic Return to Normal

South Korea’s government on Monday dropped nearly all pandemic-related social gathering restrictions in an effort “to move on from the COVID-19 [Chinese coronavirus] pandemic,” Yonhap News reported, two days after Japan’s government announced the country “no longer needs to fully stop social activities” due to the disease.

A woman walks past posters showing precautions against the Covid-19 coronavirus at a subway station in Seoul on April 15, 2022. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images)

Kim Jong-un’s Sister Threatens to Nuke South Korea

Kim Yo-jong, the powerful and influential sister of North Korean dictator Kim Jong-un, threatened to use nuclear weapons against South Korea on Tuesday after South Korean Defense Minister Suh Wook discussed his military’s ability to “accurately and swiftly” strike targets in the North.

Kim Yo Jong, sister of North Korea's leader Kim Jong Un, attends wreath laying ceremony at Ho Chi Minh Mausoleum in Hanoi, March 2, 2019. (Photo by JORGE SILVA / POOL / AFP) (Photo credit should read JORGE SILVA/AFP via Getty Images)