By Joyce Lee SEOUL, Aug 10 (Reuters) – South Korea and the United States will conduct major joint military drills from August 17 to 27, incorporating exercises to counter drones, GPS disruption and …
U.S., South Korea to launch major joint military exercise Aug. 17
The United States and South Korea will kick off a major joint military exercise next week, both countries announced Monday, as they prepare for evolving North Korean threats.
Jollibee opens 1st Compose Coffee store in Philippines
MANILA, Philippines — South Korean coffee brand Compose Coffee has officially entered the Philippine market as the Jollibee Group opened the brand’s first store in the country. The opening of Compose …
South Korea to launch $3.5 billion chip fund, speed development of semiconductor hubs
By Kyu-seok Shim and Heejin Kim SEOUL, Aug 10 (Reuters) – South Korea will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting promising chip materials, parts, equipment and fabless …
U.S. Patriot shortage raises air-defense concerns in South Korea
Heavy Patriot use in the Iran war is depleting U.S. interceptor stocks and raising concerns about missile defenses in South Korea and Asia.
A rare on-field headline in South Korea: Manchester City’s 3-1 comeback over Atlético
SEOUL, South Korea (AP) — Around 50,000 fans watched Manchester City beat Atlético Madrid 3-1 in a pre-season exhibition game at Seoul World Cup Stadium on Sunday, offering a rare example of soccer …
South Korea ministers clash publicly over North Korea policy as Lee pushes engagement
By Kyu-seok Shim SEOUL, Aug 7 (Reuters) – South Korea’s Foreign and Unification ministers publicly disagreed this week over how to engage North Korea, exposing differences within President Lee Jae Myung’s government as it seeks to revive stalled contact with Pyongyang.
SK Hynix board approves $38 billion investments for South Korea’s Yongin, Cheongju chip plants
SEOUL, Aug 7 (Reuters) – South Korea’s SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.
Why Trendsetting South Korea Remains a Gem for Luxury
South Korea remains a vital luxury market thanks to resilient domestic consumption, a recent “wealth effect” from tech and stock market gains, and the continued influence of K-culture. CEOs unpack …
South Korea says the chance of 3% economic growth has risen sharply
SEOUL, Aug 6 (Reuters) – South Korea’s Finance Ministry said on Thursday that the possibility has increased greatly of economic growth rising to the 3% level for the first time in five years. Last …