Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
South Korea and Indonesia discuss energy security, sign agreements on minerals and tech
SEOUL, April 1 – South Korean President Lee Jae Myung held talks on Wednesday with Indonesian leader Prabowo Subianto, discussing energy security and agreeing to expand cooperation in areas such as …
South Korea’s Lee: more active response needed on energy situation
SEOUL, March 31 (Reuters) – South Korea plans to respond more vigorously to the energy supply situation stemming from the war in Iran and may consider emergency fiscal measures, President Lee Jae …
South Korea, Indonesia sign agreements on minerals, tech and finance during Prabowo visit
SEOUL, April 1 – South Korean President Lee Jae Myung held talks in Seoul on Wednesday with Indonesian leader Prabowo Subianto, where they agreed to expand cooperation on critical minerals, technology …
South Korea to start crude oil swap with local refiners, ministry says
SEOUL, March 31 (Reuters) – South Korea will introduce a policy allowing oil refiners to swap crude supply from its national reserve, a spokesperson from the industry ministry said on Tuesday. The …
South Korea considers nationwide driving curbs as oil prices soar
By Kyu-seok Shim SEOUL, March 30 (Reuters) – South Korea is considering extending driving curbs to the general public if global oil prices climb further, senior officials said, as authorities seek to …
Philippines declares ‘national energy emergency’ as Iran war poses ‘imminent danger’ — now it must lean on coal. Does the US face the same shockwave?
No. America produces more oil than any country on earth and has abundant natural gas. It’s not facing the existential supply crisis forcing the Philippines to uncap coal plants, South Korea to restart …
South Korea weighs first driving curbs in 35 years on oil crunch
SEOUL: South Korea may widen restrictions on driving to include the general public if oil prices breach US$120 a barrel as it seeks to cushion the impact of the Iran war on its energy supplies, the …
Regulatory Backlash: $110B in Outflows Forces South Korea to Rethink Crypto Tax
South Korea’s political deadlock over virtual asset taxation has broken under the weight of market reality. Lawmakers from both major parties have agreed to delay the planned 20% Crypto Tax on gains …
Exclusive-South Korea’s $350 Billion US Investment Unlikely to Kick off in H1, Finance Minister Says
SEOUL, Jan 16 (Reuters) – South Korea’s planned investment of $350 billion in strategic U.S. sectors under a trade deal is unlikely to kick off in the first half of 2026, Finance Minister Koo …