South Korea

Seven people were injured when a South Korean KF-16 fighter jet accidentally dropped eight bombs outside a firing range in Pocheon during a live-fire exercise with U.S. forces on Thursday. The incident comes ahead of scheduled joint drills Mar. 10-20, the first since President Donald Trump‘s...

South Korea’s Personal Information Protection Commission (PIPC) on Monday said it has halted new downloads of DeepSeek. What Happened: The suspension will remain in place until the app complies with South Korea’s privacy regulations, reported Reuters. The app’s web service remains...

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty. Yoon, 64, was detained at 10:33 a.m. local time by a joint probe team investigating allegations related to his...

More than 100 South Korean police officers failed to arrest impeached President Yoon Suk Yeol after a near-six-hour standoff on Friday, in the latest development in South Korea's month-long political crisis.  The Details: According to a report from the Associated Press, South Korea's anti-...

Editor’s Note: Boeing Co (NYSE:BA) saw a 4.53% decline in pre-market trading on Monday, according to Benzinga Pro. The drop follows a tragic aviation accident in South Korea, marking the country’s deadliest air disaster. What Happened: The incident occurred on Sunday when a Boeing...

U.S. stock markets experienced a downturn today, with the S&P 500 declining by 1.07%. The NASDAQ also saw a decrease, falling by almost 1.2%. The Dow Jones Industrial Average declined almost 1%. Despite these indices in the red, certain stocks captured significant attention from investors....

A South Korean court has approved the detainment of President Yoon Suk Yeol over his imposition of martial law earlier in the month. What Happened: On Tuesday (local time), the Seoul Western District Court issued a warrant against Yoon on charges of masterminding a failed martial law declaration,...

Boeing Co. (NYSE:BA) is back in the spotlight after a Boeing 737-800 operated by South Korea’s JejuAir crashed at Muan International Airport on Sunday, tragically killing 179 of 181 passengers and raising fresh questions about the aerospace manufacturer's safety record. What Happened: The...

In a tragic incident, a passenger plane carrying 181 people crashed while attempting to land at Muan International Airport in South Jeolla Province, South Korea. What Happened: The Jeju Air flight 7C2216, which had taken off from Bangkok, Thailand, crashed around 9:07 a.m. local time during its...

South Korea’s opposition-controlled National Assembly voted to impeach acting President Han Duck-soo on Friday, only two weeks after impeaching President Yoon Suk Yeol.  South Korean stocks listed in the U.S. have faced significant volatility due to the recent political turmoil. The iShares...

Alibaba Group Holding Ltd. (NYSE:BABA) is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea’s competitive online retail market. What Happened: The potential...

South Korean lawmakers have voted to impeach President Yoon Suk Yeol following his controversial attempt to impose martial law, a move that triggered widespread protests across the country. The impeachment motion passed after an unexpected twist, with several members of Yoon's own People Power...

South Korean electric vehicle (EV) manufacturers are reconsidering a substantial $54 billion investment in U.S. battery plants due to potential policy changes under President-elect Donald Trump. Concerns have arisen over the possibility of Trump eliminating tax credits for EVs, which could...

The governor of the Bank of Korea, Rhee Chang-yong, expressed that the South Korean economy is more threatened by the trade policies of President-elect Donald Trump than the current political crisis in the country. What Happened: Rhee Chang-yong has indicated that the fallout from President...

Political uncertainty surrounding South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday. What Happened: Data from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024. Another Polymarket question gives a...