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The Latest Breaking News from Seoul

South Korean web sleuths fight AI deepfake porn

SEOUL - Under banners emblazoned “Solidarity” and “We stand together with victims”, a group of South Korean women digital detectives dredges the internet for a scourge of illegal AI-enabled pornography.

Bangkok Post

Samsung Stock Jumps Over 6% In Seoul as AI Memory Business Delivers Record Profit: 'Supply Constraints' Expected to Continue

Samsung Electronics Co. Ltd.‘s (OTC:SSNLF) shares rose on Thursday after the chipmaker posted a record second-quarter operating profit as surging artificial intelligence memory demand boosted its semiconductor business, though higher component costs weighed on earnings in its mobile division.

Benzinga

BTS pulls out of Grammys amid ‘Asian pop’ dispute

SEOUL - The global K-pop superstars BTS say they will not submit their music for next year’s Grammy Awards, after the Recording Academy introduced a new Asian pop category that has been criticised for limiting the success of regional artists.

Bangkok Post

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Explained: How Korea’s SK Hynix triggered massive $17.4 million in crypto losses?

A rogue pre-market trade in SK Hynix shares in Seoul triggered a 20% flash drop in crypto perpetual contracts on Hyperliquid. The oracle price anomaly wiped out nearly $60 million in long positions, resulting in $17.4 million in realised losses for over 900 crypto traders.

The Economic Times

Micron, Nvidia, AMD on Watch as Asia's Chip Selloff Sends Warning to Wall Street

The chip-stock bloodbath that started in Seoul overnight is crossing the Pacific — and Wall Street’s premarket screens are flashing red.

Benzinga

South Korean officials order residents to evacuate after reported white phosphorus leak at US base

South Korean authorities briefly ordered evacuations on Tuesday due to what they said was a white phosphorus leak at a U.S. military base near Seoul

The Independent UK

Seoul leads Asian market sell-off as tech stocks dive

HONG KONG - The Kospi in South Korea plunged 10% as tech shares took a battering on another black day for Asian stock markets, with a report of a breakthrough in China’s chip industry compounding worries about the longevity of the AI boom.

Bangkok Post

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AI cameras spot suicide attempts in Seoul

SEOUL - When AI-powered cameras on bridges over Seoul's Han River raise the alarm that someone may be about to jump, acting quickly is vital.

Bangkok Post

Ex South Korea President sentenced to 18-month suspended prison term over election campaign lies

Former South Korea president Yoon Suk Yeol was on Monday sentenced to 18 months in prison, suspended for three years, after a Seoul court found him guilty of making false statements during his successful 2022 presidential campaign.

The Times of India

Thai ancient history and art exhibition attracts visitors in Seoul

The Thai Culture Ministry expects at least 100,000 South Koreans to visit an exhibition of Thai history and art at the National Museum in Seoul.

Bangkok Post

Korean professor who got his students to write a research paper for his daughter's admission to a top dental school sent to jail for 3.6 years

Lee M, a former professor at a private university in Seoul, South Korea, has been sentenced to 3.6 years in jail in a case from a decade ago where the professor coerced his students to write a research paper for his daughter's admission. A lower court earlier gave the prison…

The Times of India

South Korea abandons hardline stance on North’s nuclear weapons programme

Seoul is moving away from demanding Pyongyang fully give up nuclear weapons before any settlement

The Independent UK

BIGBANG to mark 20 years with huge Seoul celebration ahead of global stadium tour

BIGBANG will kick off their 20th‑anniversary festivities with a free multimedia event in Seoul on August 19, ahead of a major world tour starting later that week.

BANG Premier

Faker named South Korea’s Cyber Gambling Prevention Ambassador by national police

The League legend received the rank of 경장 (Senior Policeman) at a ceremony in Seoul, adding another government honor to his growing list of accolades outside esports.

Dot Esports

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The Economic Times

South Korea says Coupang dispute not holding up US trade and security agenda

A top South Korean official stated the Coupang data leak dispute is not delaying discussions with Washington. This incident involved over thirty-three million records, contradicting the company's initial claims. Bilateral issues were reviewed comprehensively, not solely focusing on the e-commerce firm's case. Investment and trade consultations continue, with no delays…

Bangkok Post

South Korea restaurant owner faces jail for ant sorbet

SEOUL — The 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.

Benzinga

Samsung, SK Hynix Tumble in Seoul as China AI Breakthrough Weighs on AI Infrastructure Stocks

Seoul-listed shares of Samsung Electronics Co. and SK Hynix Inc. (NASDAQ:SKHY) fell sharply on Monday, extending last week’s sell-off and dragging South Korea’s benchmark KOSPI index lower, as investors continued to assess the implications of China’s latest AI advances.

The Economic Times

How a dispute over ecommerce firm Coupang is testing US-South Korea ties

South Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country's openness to American tech, raising worries the matter is impacting Seoul's relations with the U.S.

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The Economic Times

How a dispute over ecommerce firm Coupang is testing US-South Korea ties

South Korea's fine on ecommerce firm Coupang has drawn significant US criticism. This dispute raises concerns about Seoul's openness to American technology companies. The issue is impacting broader bilateral relations and security negotiations between the two nations. South Korean officials maintain the fine was for a data leak, not discrimination.…

Benzinga

South Korea’s Extreme Market Volatility Triggers Intervention on Leveraged ETFs Tied to SK Hynix, Samsung

Seoul is tripling the cash Korean investors must hold to trade leveraged single-stock funds, an emergency attempt to contain the violent volatility that have triggered several emergency trading halts on the KOSPI index in recent weeks.

The Independent UK

Anne’s royal meet and greet with a robot during South Korea tour

The Princess Royal was said to be extremely interested to talk about AI

Evening Standard

Anne’s royal encounter with humanoid robot on trip to South Korea

The princess, who is on a three-day official visit to the republic, shook hands with the state of the art machine in a lab in the capital Seoul.

Bangkok Post

Seoul leads Asian stocks higher as US inflation eases rate fears

HONG KONG — Seoul led gains across Asian equity markets early Wednesday as tech firms bounced back following a softer-than-expected US inflation print that soothed worries about a possible interest rate hike this month.

The Economic Times

Global Market Update | SK Hynix set to gain as South Korea eases capital-raising rules

South Korea's ruling party seeks to ease rules for SK Hynix joint ventures. This move aims to attract outside capital for new chip factories. The proposed law change allows subsidiaries to form ventures with investors. SK Hynix needs significant funds for its aggressive chip expansion plans. New ventures must also…

The Economic Times

SK Hynix US-listed shares slip nearly 8% as Nasdaq debut euphoria cools

SK Hynix’s US-listed shares fell nearly 8% after a strong Nasdaq debut, as investors booked profits in AI-linked chip stocks. The decline triggered broader weakness across global semiconductor stocks, with sharp losses in Seoul and the US, reflecting growing concerns over valuations and sustainability of AI-driven demand.

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