South Korea

The U.S. and South Korean militaries concluded their annual drill early as a conciliatory gesture toward North Korea, though Pyongyang stated this step was insufficient to persuade it to return to talks. Following the reduced drills, North Korea fired short-range ballistic missiles toward the sea, while Kim Yo Jong dismissed diplomatic overtures regarding the tensions. The US Pacific Command confirmed that the events did not pose an immediate threat to U.S. territory or its allies.

President Trump aims to restart his first-term bromance with North Korea’s Kim Jong Un, desiring another rendezvous. This push follows reductions in joint military exercises involving South Korea and occurs as an effort to appease the dictator. Previously, the relationship saw three meetings during Trump's first term, but denuclearization talks ultimately stalled.

Upbit experienced a significant surge in trading volume, spiking by 273%. This dramatic increase was driven by South Korean investors re-entering the cryptocurrency market.

A fund manager from T. Rowe Price Group Inc. stated that Nigeria's stock market remains attractive even after experiencing a 64% rally. This performance has made Nigeria the world’s best performing stock market, second only to South Korea.

Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won. These plans could potentially extend the won's recent rally if the firms tap local currency markets to fund the payouts.

Genesis is relocating production of its top-selling US model, the GV70 SUV, from Alabama back to Ulsan, South Korea. This temporary move will consolidate vehicle production in Korea to make room for Hyundai's expansion, which was driven by the parent company’s rapid growth and record sales in the United States.

Asian shares showed mixed performance following losses on Wall Street, as a U.S. Treasury plan to boost government debt buybacks had only limited capacity to calm markets. The latest climb in bond yields has weighed on share prices, despite the announcement that the repurchase program could be larger. Global movements included oil falling slightly and major US indices dropping.

North Korea launched a barrage of ballistic missiles toward the sea after dismissing an overture from Donald Trump regarding U.S. military drills. The launches occurred after the U.S. ordered the reduction of the Ulchi Freedom Shield exercises, prompting South Korea to bolster its surveillance posture. Kim Yo Jong stated that personal relations between her brother and Trump remain 'still excellent,' suggesting North Korea will wait for greater concessions before resuming talks.

Emerging-market currencies reached a fresh record, driven by weak dollar dynamics that increased the appeal of a popular trade despite rising oil prices. South Korea’s technology stocks specifically led a notable rebound among developing-nation equities.

North Korea launched a barrage of about 10 short-range ballistic missiles toward its eastern waters on Thursday. South Korea bolstered its surveillance posture and coordinated information with the U.S. and Japan, leading to an emergency meeting of the presidential national security council. Following the launches, the council urged North Korea to halt missile tests that are banned by U.N. Security Council resolutions.

Donald Trump announced that North Korea possesses exactly 57 nuclear weapons while previewing a possible meeting with Kim Jong Un. Separately, Trump ordered War Secretary Pete Hegseth to substantially scale back the annual U.S.-South Korea Ulchi Freedom Shield exercises. These remarks come amidst ongoing discussions about regional security and diplomacy.

Donald Trump stated that North Korea possesses 57 nuclear weapons while previewing a possible meeting with leader Kim Jong Un later this year. In related news, Trump ordered a substantial scale back of the annual U.S.-South Korea Ulchi Freedom Shield exercises due to costs and hostile signaling. Public assessments have generally estimated Pyongyang's arsenal between 50 and 60 warheads.

North Korea launched about 10 short-range ballistic missiles toward the sea on Thursday, prompting South Korea to bolster its surveillance and coordinate information with the U.S. and Japan. Following an emergency meeting, South Korea's presidential national security council urged North Korea to halt launches banned by U.N. Security Council resolutions.

BitGo has secured a virtual asset license in South Korea. The company stated that this achievement makes it the first global crypto company to obtain such a designation.

Experts warn that Trump’s order to cut military exercises with South Korea carries risks. The content notes the historical participation of American and South Korean troops in the Ulchi Freedom Shield exercises last year.

Japan reported that North Korea launched a suspected ballistic missile toward the sea on Thursday. This incident occurred after South Korean and U.S. militaries scaled back their Ulchi Freedom Shield exercises. Meanwhile, Kim Yo Jong dismissed any reduction of drills, stating that the provocative nature of the military activities would not change.

Japan reported detecting a suspected ballistic missile launched by North Korea toward the sea. This event occurred after South Korean and U.S. militaries scaled back their 11-day Ulchi Freedom Shield exercises. Amid the tension, Kim Yo Jong dismissed the reduction in drills, stating that their provocative nature would not change.

South Korea's Yonhap news agency reports that North Korea has fired an unidentified projectile off of its east coast. The report was issued from Seoul, South Korea.

Trump scaling down U.S.-South Korea drills risks consequences beyond just joint military readiness. This move is expected to raise questions concerning the credibility of Washington's commitment to alliances.

Shares across Asia are mostly higher after the US Treasury expanded its debt buybacks. South Korea's benchmark Kospi specifically rebounded by more than 6%.

Asian shares advanced following the US Treasury Department's announcement that it would at least double its planned purchases of longer-term government debt. This move was viewed as easing pressure on share prices by pushing bond prices higher and bringing down yields. Major indices saw gains, with South Korea’s Kospi jumping 6.1%, and memory chipmakers like Samsung Electronics and SK Hynix reporting significant jumps.

World shares declined in Europe and Asia on Wednesday, primarily hit by heavy selling of artificial intelligence-related stocks. South Korea's Kospi dropped 5.8%, while the Nikkei 225 sank 3.2% due to concerns over rising bond yields. Furthermore, market sentiment was clouding amid high oil prices and worries about AI valuations.

Donald Trump is scaling back major joint military exercises with South Korea after Seoul declined to support U.S. operations against Iran. This pullback marks a sharp contradiction to recent public praise regarding the allies entering a "historic new era" of cooperation. The move stems from Trump’s frustration over slow investment progress and his efforts to pressure South Korea into greater burden-sharing while offering incentives for continued diplomacy with North Korea.

President Donald Trump is scaling back major joint military exercises with South Korea after Seoul declined to support U.S. operations against Iran. This move follows earlier praise from officials about entering a 'historic new era' of cooperation. Sources suggest Trump views this tension as an opportunity to pressure South Korea on investment and burden-sharing while advancing diplomacy with North Korea.

South Korea plans to establish a new financial center outside of Seoul. This move by the government aims to reduce the existing over-concentration of activity within the greater metropolitan area, which currently contains more than half of the country’s population.

The spread between South Korea’s three- and 10-year government bond yields has widened to its highest level in nearly five years. This widening occurred amid a global selloff in long-dated securities, alongside expectations that the Bank of Korea will not raise interest rates aggressively.

The Pentagon scaled back major training exercises with South Korea. The content mentions U.S. Army Black Hawk helicopters at Camp Humphreys in South Korea, alongside an order by President Trump to reduce joint military exercises. This order has heightened fears among Asian allies.

President Trump has strained an alliance by scaling back joint military exercises with South Korea. He cited cost concerns, his relationship with Kim Jong Un, and Seoul’s refusal to join the Iran war as reasons for this shift. This action is presented as a transactional approach to international alliances.

South Korea has joined a group of jurisdictions that restrict access to Polymarket. This latest inclusion means that more than 30 jurisdictions now have restrictions regarding the platform.

South Korea plans to block Polymarket over concerns regarding illegal gambling. The Korea Media and Communications Commission stated that Polymarket's structure and operations amount to illegal gambling, even though the platform uses noncustodial design and smart contracts.

South Korea’s president stressed that a solid alliance with the U.S. strengthens national security in response to U.S. President Donald Trump's order to substantially reduce joint military exercises. The surprise announcement was made just before annual Ulchi Freedom Shield exercises, prompting concerns about the reliability of the US-South Korean alliance. Critics noted that Trump’s move apparently did not involve South Korea and was attributed to his relationship with North Korean leader Kim Jong Un.

South Korean President Lee Jae Myung stated that a solid alliance with the United States strengthens national security. This emphasis came while many were reportedly baffled by an order from Trump to cut military exercises.

Ripple has established a partnership with Jeonbuk Bank of South Korea. This collaboration is aimed at enabling cross-border payments between the two entities.

President Lee stated that South Korea must brace for a 'worst-case scenario' as Trump cuts military drills. Meanwhile, Lee added that the annual exercises are defensive and are not intended to attack North Korea or raise tensions on the peninsula.

Ripple is bringing its cross-border payments platform to Jeonbuk Bank in South Korea. However, key details regarding the project remain undisclosed, including its current launch status and the specific settlement asset.

President Donald Trump ordered the Pentagon to scale back joint military exercises with South Korea due to his war against Iran straining U.S. aircraft carriers. In unrelated legal action, the BBC sought help from a U.S. court for documents regarding Trump's $10 billion defamation lawsuit. Separately, Trump blamed vandals in a social media post for damage to grass near the World War II Memorial on the National Mall.

President Donald Trump ordered the Pentagon to scale back joint military exercises with South Korea due to his war against Iran, noting that South Korea would not help and citing a relationship with Kim Jong Un. Separately, the BBC sought court help for Trump's $10 billion defamation lawsuit regarding a documentary about his Jan. 6 speech. Additionally, Trump accused vandals of damaging grass near the World War II Memorial during his July 4 celebration.

President Donald Trump ordered the Pentagon to scale back annual joint military exercises with South Korea due to his war against Iran, citing a good relationship with North Korea’s Kim Jong Un. The BBC has asked a U.S. court for documents and testimony from Ivanka Trump, Jared Kushner, and Donald Trump, Jr., related to Trump's $10 billion defamation lawsuit against the broadcaster. Separately, Trump blamed vandals for large swaths of dead grass on the National Mall near the World War II Memorial.

Donald Trump told the Pentagon to substantially reduce joint military exercises with South Korea. He expressed frustration via a social post because the US ally had not provided more support for his war with Iran, despite a scheduled 10-day exercise involving about 18,000 South Korean troops.

Torrential rains hit southern South Korea, resulting in one death and four injuries. Additionally, the article notes that major streets in the Philippines were flooded.