Page 4 - South Korea

US immigration raid disrupts construction at multiple Korean battery plants

LG Energy has issued an internal notice calling for the immediate return of all workers and contractors traveling in the US under a short-term visa waiver programme, commonly referred to as ESTA

S Korea to bring home 300 workers detained in Hyundai plant raid in Georgia

More than 300 South Korean workers detained following a massive immigration raid at a Hyundai plant in Georgia will be released and brought home, the South Korean government announced Sunday. Kang Hoon-sik, chief of staff for President Lee Jae Myung, said that South Korea and the US had finalised negotiations on the workers' release. He said South Korea plans to send a charter plane to bring the workers home as soon as remaining administrative steps are completed. Foreign Minister Cho Hyun is to leave for the US on Monday for talks related to the workers' releases, South Korean media reported. US immigration authorities said Friday they detained 475 people, most of them South Korean nationals, when hundreds of federal agents raided Hyundai's sprawling manufacturing site in Georgia where the Korean automaker makes electric vehicles. Agents focused on a plant that is still under construction at which Hyundai has partnered with LG Energy Solution to produce batteries that power EVs. C

Trump to visit South Korea in October, may hold talks with Xi: Report

S President and his top advisors are preparing for the gathering of Asia-Pacific Economic Cooperation trade ministers

Army carries out rescue operation for South Korean nationals in Ladakh

Following the rescue, the Army later confirmed through a Fire and Fury Corps X post that one of the mountaineers lost his life after the rescue operation

Tesla sees retail exodus in South Korea as investors turn to crypto

The exodus signaled waning enthusiasm among one of Tesla's most loyal global retail bases, whose buying sprees once amplified the stock's rallies

Southeast Asia factories gain momentum as Japan, South Korea face slowdown

In Indonesia, output and new orders increased for the first time in five months and production in Thailand rose at the fastest pace in 13 months, according to S&P Global data

South Korea exports stay solid on chip demand despite Trump tariffs

Overseas shipments gained 1.3 per cent in August from a year earlier, customs data showed Monday, following a 5.8 per cent increase in July

South Korea's former first lady, ex-PM indicted by special prosecutors

South Korea's former first lady Kim Keon Hee and former prime minister Han Duck-soo were indicted Friday in special investigations that followed the ousting of the former president for imposing martial law. The wife of jailed ex-president Yoon Suk Yeol was charged with violating financial market and political funding laws and receiving bribes, about two weeks after a court ordered her arrest. Han was charged with abetting Yoon's imposition of martial law imposition, which investigators say amount to a rebellion, and also falsifying and destroying official documents and lying under oath. Three special prosecutor investigations were launched under the government of liberal President Lee Jae Myung that targeted Yoon's presidency and the actions taken to impose martial law last December. Yoon's defence minister, military commanders and police officers have been arrested for their involvement in imposing martial law. Yoon was removed from office in April and rearrested last month over

Korean Air signs $50 billion deal to buy over 100 Boeing aircraft

Korean Air has announced a USD 50 billion deal to buy more than 100 Boeing aircraft and several spare engines and obtain engine maintenance for 20 years. The deal was formalised at a signing ceremony Monday in Washington as South Korean President Lee Jae Myung met with President Donald Trump. The deal includes USD 36.2 billion for 103 next-generation Boeing aircraft; USD 690 million for 19 spare engines from GE Aerospace and CFM International; and USD 13 billion for the 20-year engine maintenance service contract with GE Aerospace, Korean Air said in a statement. This deal is a strategic choice to strengthen Korean Air's partnership with the US aviation industry, the Korean Air statement said. This strategic investment in the US market will further strengthen the airline's operational capabilities and global competitiveness, and foster robust commercial ties that will drive sustained growth. It said the aircraft purchase order includes 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boein

Trump softens stance with South Korea's Lee after initial warning

President Donald Trump took to social media before meeting with South Korean President Lee Jae Myung on Monday to threaten not to do business with Seoul because of a Purge or Revolution that he claimed was taking place in the country. But any prospect of a hostile Oval Office meeting evaporated after Lee heaped praise onto the US president lauding the decor, beseeching Trump to continue to help with Korean peace efforts and even suggesting a Trump Tower in North Korea. We've known each other and gotten along very well, Trump said. After running down the agenda for the summit, Trump added: It's a great honour to be with you and congratulations on your election. That was a big one, and we're with you 100 per cent. The cordial display showed how world leaders are taking notes from previous meetings between Trump and heads of state, who've largely chosen the route of praise and adulation rather than confrontation as they seek favourable trade terms and continued military aid from ...

Trump wants to meet North Korea's Kim this year, raises issues with South

Since Trump's January inauguration, Kim has ignored Trump's repeated calls to revive the direct diplomacy he pursued during his 2017-2021 term in office

South Korean firm to establish India's first footwear plant in TN: Govt

South Korea headquartered Hwaseung Footwear Group, with an investment of Rs 1,720 crore, has decided to set up its non-leather footwear manufacturing unit in Tamil Nadu, the first such facility for the group in the country, Minister for Industries TRB Rajaa said. The factory to come up in Tuticorin is expected to generate 20,000 direct jobs in the region, he said. "Our efforts to ensure the grounding of MoUs we signed at TN Rising Tuticorin are in full swing. Chief Minister M K Stalin today met senior executives of South Korea's Hwaseung Footwear Group at the Secretariat," Rajaa said. "Hwaseung has committed an investment of Rs 1,720 crore to establish a large-scale non-leather footwear manufacturing facility, their first production base in India," he said in a social media post late on Friday. Rajaa exuded confidence that the production plant, with the creation of 20,000 direct jobs in the region, would become one of the largest employment-generating footwear projects in Tamil ...

South Korea's Lee visits Tokyo to boost ties with Japan before US summit

South Korean President Lee Jae Myung is in Tokyo to hold his first full summit with Japanese Prime Minister Shigeru Ishiba in a visit largely aimed at showcasing friendly ties between the two Asian neighbours that now face common challenges from America, their mutual ally. Lee's visit Saturday comes in an unusual order putting Japan ahead of the United States helping him to better prepare for his crucial first summit in Washington with US President Donald Trump, mainly on trade and defence issues. His Tokyo visit before Washington is well received by Japanese officials who see it as a sign Lee is placing great importance to relations between the two neighbours whose ties have been repeatedly disrupted by historical disputes, hampering their trilateral coordination with Washington. For Ishiba, who faces pressure from rightwing rivals within his governing party to resign over its July election loss, Lee's visit and a successful summit could shore up his support. Rintaro Nishimura,

North Korea accuses South of 'serious provocation' over warning shots

North Korea accused South Korea of a serious provocation Saturday after South Korean troops fired warning shots at North Korean soldiers setting up barriers along their tense border. Ko Jong Chol, vice chief of the North Korean People's Army's General Staff, noted that Tuesday's warning shots coincided with the South Korea-US summertime military drills and accused Seoul of deliberately trying to raise tensions. Shortly after Ko's statement, South Korea's Joint Chiefs of Staff confirmed it had fired warning shots Tuesday afternoon at North Korean soldiers who briefly crossed the military demarcation line in the central border region while carrying out unspecified construction work. The South's military said the soldiers returned to North Korean territory without incident and that the North didn't return fire. In recent months, South Korea's military has occasionally used loudspeaker warnings and fired warning shots to repel North Korean soldiers crossing the military demarcation ...

Chhattisgarh CM on 10-day Japan, South Korea visit to attract investors

Chhattisgarh Chief Minister Vishnu Deo Sai on Thursday proceeded on a 10-day tour of Japan and South Korea to attract investment in the state, a government official said. This will be the first foreign trip by Sai after becoming the CM, and it aims to draw investors, especially from electronics, automobile, and food processing sectors, to the state, he said. Talking to reporters at Swami Vivekananda Airport in Raipur before leaving for Delhi, from where he will fly abroad, Sai said he will attend the World Expo 2025 in Osaka, Japan. In Japan and South Korea, there is good work in the fields of electronics, automobile and food processing, while Chhattisgarh also has immense possibilities in these sectors. Therefore, we are going there with our new Industrial Policy and will invite industrialists to invest in Chhattisgarh, Sai said. After the introduction of the new industrial policy (in November last year), the state has so far received investment proposals worth Rs 6.5 lakh crore.

North Korea's Kim slams US-South Korea military drills, vows nuke buildup

North Korean leader Kim Jong Un condemned South Korean-U.S. military drills and vowed a rapid expansion of his nuclear forces to counter rivals, state media said Tuesday, as he inspected his most advanced warship being fitted with nuclear-capable systems. Kim's visit to the western port of Nampo on Monday came as the South Korean and U.S. militaries kicked off their annual large-scale summertime exercise to bolster readiness against growing North Korean threats. The 11-day Ulchi Freedom Shield, which the allies describe as defensive, will mobilize 21,000 troops, including 18,000 South Koreans, for computer-simulated command post operations and field training. North Korea has long denounced the allies' joint drills as invasion rehearsals and Kim has often used them to justify his own military displays and testing activities aimed at expanding his nuclear weapons program. The Korean Peninsula remains in a technical state of war, divided by the Demilitarized Zone into North Korea and .

JSW Steel, South Korea's Posco sign pact for steel plant in India

Both the steel makers signed non-binding heads of agreement (HoA) in Mumbai, according to a joint statement issued by the companies on Monday

South Korea, US launch annual military drills against North Korean threats

South Korea and the United States began their annual large-scale joint military exercise on Monday to better cope with threats by nuclear-armed North Korea, which has warned the drills would deepen regional tensions and vowed to respond to any provocation against its territory. The 11-day Ulchi Freedom Shield, the second of two large-scale exercises held annually in South Korea, after another set in March, will involve 21,000 soldiers, including 18,000 South Koreans, in computer-simulated command post operations and field training. The drills, which the allies describe as defensive, could trigger a response from North Korea, which has long portrayed the allies' exercises as invasion rehearsals and has often used them as a pretext for military demonstrations and weapons tests aimed at advancing its nuclear programme. In a statement last week, North Korean Defence Minister No Kwang Chol said the drills show the allies' stance of military confrontation with the North and declared that

Jaishankar meets South Korea's new foreign minister, vows deeper ties

The meeting coincided wth the 10th anniversary of India-Republic of Korea (ROK) Special Strategic Partnership

Jaishankar holds 'productive' talks with South Korean foreign minister Hyun

India and South Korea on Saturday resolved to expand their strategic partnership by boosting cooperation in the areas of semiconductor, clean energy, defence and artificial intelligence. Ways to ramp up the overall bilateral cooperation figured prominently in talks between External Affairs Minister S Jaishankar and his visiting South Korean counterpart, Cho Hyun. "Held productive discussions on advancing our bilateral cooperation in trade, manufacturing, maritime and people-to-people exchanges as well as new opportunities in AI, semiconductors, clean energy and defence," the external affairs minister said in a post on X. Jaishankar said he and Hyun also exchanged perspectives on the Indo-Pacific region and contemporary global developments. "Appreciated our deepening convergences and growing engagement as our Special Strategic Partnership completes 10 years," he added. In his opening remarks at the meeting, Jaishankar also thanked Seoul for its condemnation of the horrific Pahalgam