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BUSINESSJul 24South Korean unions use new labour rules to push envelope on bonus demandsBarely four months into its implementation, South Korea’s new labour-friendly law is coming under growing scrutiny as workers’ demands for bonuses tied to a fixed percentage of corporate profits spread across the country. If left unchecked, critics warn, the revised Trade Union and Labour Relations Adjustment Act – commonly known as the Yellow Envelope Act – could fuel labour disputes, create uncertainty for businesses and threaten an economy that is only beginning to recover. At the heart of...South China Morning Post
POLITICSJul 23South Korean President receives Daduut as Nigeria’s Ambassador…Presents letter of credence to President Lee Jae Myung By Golok Nanmwa JOS — Prof. Nora Ladi Daduut has formally assumed office as Nigeria’s Ambassador to the Republic of Korea after presenting her Letter of Credence to South Korean President Lee Jae Myung at the Blue House in Seoul. The credential presentation ceremony, held on […] The post South Korean President receives Daduut as Nigeria’s Ambassador appeared first on Vanguard News.Vanguard Nigeria
WORLDJul 23South Korea seizes cargo ship suspected of carrying North Korean contrabandSouth Korea has seized a cargo ship on suspicion of transporting contraband linked to North Korea. This action suggests a potential violation of international sanctions or trade agreements.stripes.com · United States
POLITICSJul 23South Korea election office raided in fake turnout figures probe : InvestigatorsInvestigators have raided South Korea's election office as part of a probe into alleged fake turnout figures. This indicates a serious investigation into the integrity of election processes.channelnewsasia.com · United States
BUSINESSJul 23Kospi jumps 9 % in 3 days after big crash . Is South Korea stock market heading for another rally ? The Kospi stock market has seen a 9% rise in three days following a major crash, prompting speculation about another rally. This indicates significant volatility and investor interest in the South Korean market.economictimes.indiatimes.com · India
BUSINESSJul 23South Korean labour unions push for higher payouts after Samsung’s US$400,000 bonusLabour unions are rallying across South Korea after Samsung Electronics caved in to protests and agreed to hand out bonuses of more than US$400,000 to some of its employees. Just this week, assembly-line workers at Hyundai Motor staged a three-day partial strike as they seek up to 30 per cent of consolidated profit to be set aside for bonuses. Meanwhile, unions at HD Hyundai Heavy Industries and telecoms operator LG Uplus want payouts equivalent to at least 30 per cent of operating profit, while...South China Morning Post
POLITICSJul 23South Korea charges former US diplomat with defaming Lee Jae MyungSouth Korean prosecutors have charged Korean-American professor Morse Tan for criminal defamation over false claims targeting President Lee Jae Myung. The Seoul Central District Prosecutors’ Office reportedly indicted Tan without detention on Thursday on multiple defamation charges. Tan, who served as the US ambassador-at-large for global criminal justice under the first Donald Trump administration, is accused of spreading false allegations during a press conference in Washington last year. He...South China Morning Post
POLITICSBREAKINGJul 23South Korea’s top conservative ‘a wounded lame duck’ after guilty verdictA South Korean court’s conviction of Seoul’s mayor for illegal polling payments threatens to put an end to his presidential ambitions just weeks after he won a historic fifth term. Oh Se-hoon, the 65-year-old conservative who has led South Korea’s capital on and off for nearly two decades, was fined 10 million won (US$6,800) on Wednesday for violating the Political Funds Act ahead of the mayoral by-election in 2021. Under South Korean law, any elected official fined more than 1 million won for...South China Morning Post
POLITICSJul 22South Korea ruling party vows to complete prosecution reformSouth Korea's ruling party has pledged to finalize prosecution reform. This initiative signifies a significant domestic political agenda aimed at altering the country's legal and judicial systems.upi.com · United States
POLITICSJul 22South Korea ruling party race turns bitter over church claimsThe ruling party leadership race in South Korea has become contentious due to claims involving a church. This development highlights internal political struggles and the influence of external factors in the party.upi.com · United States
WORLDJul 22Owner of Michelin-starred restaurant in South Korea faces jail for ant-topped sorbetThe owner of a South Korean Michelin-starred restaurant is facing one year in jail for garnishing a palate-cleansing sorbet with black ants “to add a sour taste”, local media said. Seoul prosecutors requested the prison term for the anonymous owner of the unnamed eatery at a Monday court hearing for violating food safety regulations, the reports said. Under South Korean law, only 10 insect species are approved for human consumption, including grasshoppers and brown mealworm larvae. But the...South China Morning Post
BUSINESSJul 22China Merchants Securities drops South Korea ETF as Seoul stock volatility spills overA leading Chinese brokerage house has ended market making for the mainland’s only South Korea-focused exchange-traded fund (ETF), as Beijing steps up efforts to stabilise its capital markets and protect retail investors amid volatility in its East Asian neighbour’s stock market. Shenzhen-headquartered China Merchants Securities withdrew as a liquidity provider for the Huatai-PineBridge China-Korea Semiconductor ETF barely a month after assuming the role on June 17, according to Shanghai Stock...South China Morning Post
BUSINESSJul 21Asian shares mostly gain and South Korea and Japan recover some losses from AI stock sell - offsAsian stock markets generally saw gains, with South Korea and Japan showing recovery from previous AI-related stock sell-offs. This indicates a positive shift in market performance.news4jax.com · United States
POLITICSJul 21South Korea defence minister faces fresh accusations of army desertion over 40 years agoQuestions surrounding South Korean Defence Minister Ahn Gyu-back’s military service have resurfaced, with the government and his accuser offering conflicting accounts of what happened more than four decades ago. At the centre of the dispute is a gap in Ahn’s military record. His record shows he began mandatory service on November 5, 1983, and was discharged on August 31, 1985, amounting to roughly 22 months. Territorial defence soldiers at the time normally served for 14 months. His accuser...South China Morning Post
BUSINESSJul 21Bargain Hunting May Boost South Korea SharesBargain hunting is expected to potentially boost South Korea's stock market.finanzen.ch · Switzerland
BUSINESSJul 21South Korean economy likely slowed in Q2 after robust Q1 growth : Reuters pollA Reuters poll suggests that South Korea's economy likely experienced a slowdown in the second quarter after robust growth in the first quarter.finance.yahoo.com · United States
BUSINESSJul 20South Korea Kospi drops 4 . 5 % as some AI stocks swoon , while oil keeps climbingSouth Korea's Kospi index experienced a 4.5% decline due to a downturn in some AI stocks, while oil prices continued to rise. This indicates significant shifts in both technology sector valuations and global energy markets.sitkasentinel.com · United States
BUSINESSJul 20Blackstone invests in South Korea’s Futronic, valuing robotics supplier at $676M - reportSeeking Alpha Tech
BUSINESSJul 20Oil jumps , South Korea shares sink on AI sell - off | The Asahi Shimbun : Breaking News , Japan News and AnalysisOil prices saw an increase while South Korean shares experienced a decline, attributed to a sell-off in artificial intelligence-related stocks. This reflects current volatility and trends in global financial markets.asahi.com · Japan
BUSINESSJul 20South Korea Kospi drops nearly 5 % as some AI stocks swoon ,... South Korea's Kospi index has dropped nearly 5%, influenced by a decline in some AI stocks. This indicates a notable downturn in the country's stock market, particularly affecting the artificial intelligence sector.semissourian.com · United States
BUSINESSJul 20South Korea Kospi drops nearly 5 % as some AI stocks swoon , while oil keeps climbingThe South Korea Kospi index dropped significantly due to a decline in some AI stocks, while oil prices continued to rise. This reports on notable movements in international financial markets.news4jax.com · United States
BUSINESSJul 20'Give me my money back': South Korean traders' leveraged SK Hynix, Samsung bets unravel after selloffSouth Korean retail investors suffer heavy losses after Samsung and SK Hynix shares reverse sharply.CNBC
WORLDJul 20Malaysia aims for 600,000 South Korean arrivals in new travel driveAs Malaysia pushes to welcome 47 million international visitors under this year’s travel campaign, the country is setting its sights on bringing South Korean arrivals back above pre-pandemic levels by promoting authentic local experiences beyond its well-known beach resorts and city attractions. “South Korea is one of our priority markets,” Kamilia Hani Abdul Halim, director of Tourism Malaysia Seoul, said in an interview. Last year, about 558,000 South Koreans visited Malaysia, making it the...South China Morning Post
POLITICSJul 20Why has Coupang become a flashpoint in US - South Korea ties ? The article explores why Coupang has become a flashpoint in the relations between the US and South Korea. This indicates a potential diplomatic or economic dispute involving a major company between the two nations.insideretail.asia · China
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