South Korea

NTPC in talks with Japan, South Korea, Germany for sale of green fuel

India has outlined plans to become a major green hydrogen producer, even as developers worldwide have struggled to secure the long-term offtake agreements required to underpin large-scale investments

Asian stocks dive as earnings, geopolitics rattle markets; Kospi falls 6%

In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% in early trading, with tech-heavy South Korea's KOSPI sliding 6%

North Korea fires multiple ballistic missiles after Seoul's hypersonic test

North Korea on Monday fired multiple ballistic missiles toward its eastern waters, South Korea's military said, adding to a recent streak of weapons demonstrations that has heightened tensions during a prolonged freeze in diplomacy. South Korea's Joint Chiefs of Staff said the missiles were fired from an area around the North Korean capital of Pyongyang, where the country has used its airport as a major launch site in recent years. The joint chiefs did not immediately specify how many missiles they detected or how far they flew. Japan's Defense Ministry said it detected at least two missiles and assessed that the weapons landed in waters outside the country's exclusive economic zone. The launch came days after South Korea on Friday flight-tested its first domestically developed hypersonic weapon, designed to fly at least five times the speed of sound and evade missile defense systems, which President Lee Jae Myung described as an important step in strengthening the South's ...

Once-hot AI trade leaves South Korean stocks struggling to attract buyers

Turnover has collapsed 70% from its peak in late May, foreigners are retreating at the fastest pace in Asia and local retail investors are also pulling back

Taiwan dethrones South Korea atop world markets as AI trade widens

The Taiex Index beat the Kospi by about 23 percentage points last quarter, the widest margin since the turn of the century

South Korean Prez orders probe into data leaks across financial industry

South Korea has ordered a thorough investigation into recent data breaches at banks and public agencies, while regulators warned that AI may have been used in the attacks

North Korea says it conducted intermediate-range strategic missile drill

The launch was the latest in a series of North Korean weapons tests this year and came as tensions on the Korean peninsula escalated over a landmine blast in the ​Demilitarized Zone last month

Trump announces $200 billion South Korean investment in US projects

The package includes eight nuclear power plants, an Alaska gas pipeline and a 6-GW Texas power facility, though Seoul said the $54 billion Alaska project was not yet final

South Korean pension fund seeks India government bond investment licence

India has been trying to draw ​more foreign capital into government bonds through easier registration, lower taxes and by targeting entry into global bond ‌indices

North Korea fires suspected ballistic missile off east coast, says Japan

South Korea's defence ministry said the ​rival North had fired an unidentified projectile

South Korean man's plot to escape prison by strapping self to drone foiled

South Korean man convicted of killing three people allegedly planned to flee a Philippine prison by being carried over its walls by a heavy-duty drone

South Korea tests global investor appetite with longer trading hours

Korea Exchange will extend trading in nearly all local stocks until 8 pm, seeking to boost foreign participation

Samsung buyback highlights South Korea's 45% preferred stock discount

More than 100 South Korean companies, including Hyundai Motor Co. and LG Chem Ltd., have issued preferred shares, raising capital without diluting founding families' voting power

Why day traders are abandoning Korean chip leveraged ETFs in droves

Key to sapping demand has been a series of regulatory tightening moves, most recently a rule to complete five-day simulated trading

China's data centres to consume more power than South Korea by 2030

Rapid growth in artificial intelligence workloads will see data centres use 774 terawatt-hours of electricity by 2030, around 6 per cent of China's total projected consumption, according to a report

South Korean traders chase 40% coupons as risk appetite survives rout

Equity-linked securities dangling annualized coupons of 40% to 50% have attracted renewed interest from mom-and-pop traders

South Korea ship to test Arctic commercial route amid Western concerns

President Lee Jae Myung has made Arctic shipping a priority for South Korea, a shipping powerhouse

South Korea plans chip windfall fund to back youth, AI investment

The proposed "Future Response Fund" would finance programmes aimed at helping young people find jobs, buy homes and start families, while also ‌supporting investments in AI, more

Why South Korea is looking beneath the sea for AI data centres

South Korea is turning to the seabed to tackle a growing AI infrastructure problem: where to find enough land, power and cooling for data centres.

South Korean, US militaries shorten drills after Trump ordered reduction

The South Korean and US militaries have agreed to shorten their drills at the US's request, South Korean officials said Wednesday, days after President Donald Trump ordered cuts to the exercises. The allies' summertime Ulchi Freedom Shield exercises began Monday morning for an 11-day run, just after Trump ordered his Pentagon chief to "substantially reduce" them. Trump cited what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the US war against Iran. South Korea's military said in a statement the ongoing drills with the US would end Friday, not Aug. 27 as initially planned. It said the allies also agreed to downsize some joint field training exercises. Many experts say Trump's move threatens to hurt combined US-South Korean readiness and eventually weaken their decades-long alliance. Ulchi Freedom Shield is largely a computer-simulated command post exercise meant to hone the allies' ability to deal with potential regional ...