Page 4 - South Korea

South Korea overtakes India as world's 6th largest stock market on AI rally

Samsung Electronics and SK Hynix, newly minted members of the $1 trillion valuation club, have powered Korea's equity surge, lifting the Kospi's 2026 gains to more than 100% through AI memory chips

South Korean stocks beat dotcom-era gains with 100% surge in 2026

Powered by chip giants SK Hynix and Samsung, South Korea's Kospi has doubled in 2026, reviving comparisons with the dotcom-era rally

Memory chip frenzy sends SK Hynix, Micron into $1 trn club for first time

SK Hynix rose as much as 11 per cent in South Korea on Wednesday, taking its 12-month gain to more than 1,000 per cent and becoming the third Asian company to join the $1 trillion club

North Korea launches unidentified projectile, says South Korean military

North Korea launched an unidentified projectile off its west coast Tuesday, South Korea's military said. South Korea's Joint Chiefs of Staff gave no further details. It followed another launch by the North on April 19, in which it fired multiple short-range missiles in what state-media described as a demonstration of cluster bomb warheads. North Korean leader Kim Jong Un has focused on expanding his nuclear and missile arsenals since nuclear diplomacy with US President Donald Trump collapsed in 2019. Trump has repeatedly expressed his desire to return to talks with Kim, and but Pyongyang has so far ignored the overtures and urged Washington to drop demands for the North's nuclear disarmament as a precondition for talks.

India, South Korea deepen defence ties with new cooperation pacts

The two countries signed agreements on cyber defence, military training and UN peacekeeping cooperation during Rajnath Singh's visit to Seoul

Two supertankers exit Strait of Hormuz with 6 million barrels of crude oil

The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use

Samsung faces major strike after wage talks with union fall apart

Management and union leaders at Samsung Electronics failed to reach a last-minute deal over wages Wednesday, raising prospects for a strike at the South Korean electronics giant that could rattle global semiconductor supplies and the country's trade-dependent economy. Government officials have threatened to invoke rarely used emergency powers to force a settlement at Samsung, where the union, which represents about 74,000 workers, says the company has failed to offer adequate compensation despite its soaring profits fuelled by the global boom in artificial intelligence. After the latest round of talks ended without a breakthrough on Wednesday, union leader Choi Seung-ho told reporters that unionized workers will begin an 18-day strike from Thursday. Both the union and the management held each other responsible for a failure to reach a deal. Choi accused management of refusing to accept a government-mediated proposal whose details he refused to disclose. Management accused the union

Rajnath Singh begins Vietnam, South Korea visit to boost defence ties

Defence Minister said his discussions during the visit would focus on expanding defence ties and enhancing regional cooperation

South Korean startup trains humanoid robots using human workers' skills

His head, chest and hands strapped with body cameras, David Park deftly folded a banquet napkin the way he has thousands of times during his nine years at the five-star Lotte Hotel Seoul. Each of his motions is fed into a database that will one day teach a robot to do the same. The hotel chain is one of many companies South Korean artificial-intelligence startup RLWRLD (pronounced "real world") is working with to create an extensive library of human expertise, harvested from skilled workers across industries, to develop AI brains for robots that could be coming to industrial sites and homes. It collects similar data from logistics workers at CJ, capturing how they grip, lift and handle goods in warehouses, and from staff at a Japanese convenience store chain Lawson, tracking how they organise food displays. The goal is to build an AI software layer that can work in robots across a range of factories and other work sites in coming years, before potentially expanding into homes. ...

South Korea passes UK to become world's eighth-largest stock market

The total market capitalization of Korean-listed companies has surged more than 45 per cent this year to $4.04 trillion, while the UK's has climbed about 3 per cent to $3.99 trillion

Hyundai Q1 profit falls 31%, flags uncertainty from West Asia conflict

Its cautious outlook comes after the automaker said earlier this month that its exports to Europe and North Africa, which typically transit through the West Asia

How South Korea tie-up could help India reduce costly freight dependence

New framework with South Korea links shipyard capacity, technology and orders to India's push to reduce reliance on foreign carriers

Datanomics: India eyes South Korea agreement review as deficit widens

Prime Minister Narendra Modi and South Korean President Lee Jae-myung exchanged several MoUs, with both sides agreeing to deepen cooperation in strategic sectors, including shipbuilding

India to build Korea industrial township, push for balanced trade: Goyal

Goyal said the two sides have agreed to upgrade the India-Korea Comprehensive Economic Partnership Agreement on a "fast-track, mission mode" basis

South Korean Prez to seek big boost in economic ties in summit with PM Modi

South Korean President Lee Jae Myung is in India for a three-day visit, the first South Korean presidential state visit to the country in eight years

PM Modi, S Korean Prez set $50 bn trade target, announce futuristic ties

Following delegation-level talks, PM Modi and South Korean President Lee witnessed the exchange of several MoUs between India and South Korea, aimed at deepening bilateral cooperation

Japan, South Korea on high alert after North Korea fires multiple missiles

The Japanese government activated its top-tier crisis management protocols to ensure public safety and regional stability in the face of the renewed provocation

South Korean President Lee to make state visits to India and Vietnam

PM Modi and South Korea's Lee Jae Myung are due to hold a summit on April 20, with talks expected to cover cooperation in areas such as shipbuilding, artificial intelligence and defence

North Korea tests latest weapons, missiles as world focuses on Iran

KCNA said tests showed tactical ballistic missiles with cluster warheads could "reduce to ashes" targets spanning 6.5-7 hectares with high-density impact

North Korea fires missiles, rejects Seoul's hopes for warmer ties

North Korea fired several short-range ballistic missiles toward the sea Wednesday in its second launch event in two days, South Korea's military said, hours after a senior North Korean official released crude insults against Seoul's hopes for warmer relations. South Korea's Joint Chiefs of Staff said the missiles lifted off from North Korea's eastern coastal Wonsan area and flew about 240 kilometers (150 miles) each in a direction toward the North's eastern waters. It said South Korea maintains a readiness to repel any provocations by North Korea under a solid military alliance with the United States. Seoul later said North Korea fired an additional ballistic missile toward its eastern waters without giving further details. The South Korean military said it had also detected the launch of an unidentified projectile around North Korea's capital region Tuesday. It said South Korean and US intelligence authorities were analyzing details of Tuesday's launch. South Korean media reported