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The Latest Breaking News from Seoul

Samsung Electronics to Invest $230 Bln Through 2042 in South Korea Chipmaking Base

South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country's government called the world's largest chip-making base, in line with efforts to boost the national chip industry. Samsung's around 300 trillion won project is part of a 550 trillion…

Asharq Al-Awsat · Mar 15, 2023

Samsung to invest $230 billion to build "mega" chip cluster

Samsung Electronics said Wednesday it expects to invest $230 billion over the next 20 years as part of an ambitious South Korean national project to build the world’s largest semiconductor manufacturing base near the capital, Seoul

The Independent UK · Mar 15, 2023

Yoon: Seoul-Tokyo ties key to address N Korea, supply chains

South Korean President Yoon Suk Yeol called for Japan to join his efforts to improve bilateral relations strained by historical grievances as he prepares to travel to Tokyo for a highly anticipated summit with Japanese Prime Minister Fumio Kishida

The Independent UK · Mar 15, 2023

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Japan, S. Korea summit must overcome history to renew ties

South Korean and Japanese leaders will meet in Tokyo this week, hoping to resume regular visits after a gap of over a decade and overcome resentments that date back more than 100 years

The Independent UK · Mar 14, 2023

Seoul to Bid for 2036 Olympic Games without North Korea’s Pyongyang

Seoul will pursue a bid for the 2036 Summer Games without reviving efforts to co-host an Olympics with the North Korean capital of Pyongyang, Seoul Mayor Oh Se-hoon told Reuters. Amid hopes for better relations with the nuclear-armed North, Seoul sent a proposal for co-hosting the 2032 Olympics with Pyongyang…

Asharq Al-Awsat · Mar 13, 2023

N. Korea launches missiles as US, S. Korea kick off major drills

SEOUL - North Korea said Monday it had test-fired two strategic cruise missiles from a submarine, as South Korea and the United States kicked off their largest joint military exercises in five years.

Bangkok Post · Mar 13, 2023

Exclusive-Seoul mayor calls for South Korean nuclear weapons to counter threat from North

South Korea should build nuclear weapons to bolster its defences against North Korea, even at the risk of international repercussions, the mayor of its capital city said, arguing that the country cannot be bound by the goal of denuclearisation.

Reuters · Mar 13, 2023

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Yoon ready to face domestic criticism

SEOUL -- South Korean President Yoon Suk-yeol has pledged to resolve the issue of former requisitioned workers from the Korean Peninsula and restart mutual visits with Japan.

The Japan News/Yomiuri · Mar 10, 2023

Ministry acts over Thai worker's death

The Labour Ministry will work with the Thai embassy in Seoul to follow up on the case of an illegal Thai worker who was found dead on a mountain in South Korea's Gyeonggi province.

Bangkok Post · Mar 9, 2023

Pyongyang fires missile ahead of US-South Korea drills

SEOUL: North Korea fired a short-range ballistic missile Thursday, the South Korean military said, Pyongyang's latest show of force just days before South Korea and the United States kick off major joint military exercises.

Bangkok Post · Mar 9, 2023

Seoul to announce normalization of GSOMIA

SEOUL -- The administration of South Korean President Yoon Suk-yeol plans to announce the normalization of the General Security of Military Information Agreement (GSOMIA), under which Japan and South Korea share intelligence, according to South Korean government sources.

The Japan News/Yomiuri · Mar 9, 2023

Saudi Arabia Evaluates 300 Projects for Potential Privatization

As South Korea recently announced its intention to encourage its companies to enter the Saudi market and seize the available opportunities, Saudi Minister of Finance Mohammed Al-Jadaan met on Wednesday in Seoul, with a consortium of South Korean companies, in the presence of Wong Hee-ryong, Korean Minister of Lands, Infrastructure…

Asharq Al-Awsat · Mar 9, 2023

First Korea-Japan summit in four years planned

SEOUL: South Korean President Yoon Suk-yeol will visit Japan next week, his office said on Thursday, as the two neighbours try to ease diplomatic strains over Japan’s wartime atrocities during its 35-year colonial rule.

Bangkok Post · Mar 9, 2023

Seoul: Leaders of S. Korea, Japan to hold summit next week

South Korean and Japanese leaders will hold a summit next week

The Independent UK · Mar 9, 2023

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The Japan News/Yomiuri · Mar 8, 2023

Yoon stresses future-oriented cooperation

SEOUL -- South Korean President Yoon Suk-yeol on Tuesday defended a plan to resolve a dispute concerning lawsuits linked to wartime requisitioned workers from the Korean Peninsula, saying it is important to build future-oriented ties with Japan.

Asharq Al-Awsat · Mar 8, 2023

Seoul Seeks Aramco’s Help to Win Contracts of Saudi Giga Projects

South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom. The Export-Import Bank of Korea has announced the signing of a $6 billion framework…

Asharq Al-Awsat · Mar 7, 2023

Saudi Minister of Defense Meets with South Korean President in Seoul

South Korean President Yoon Suk-yeol received in Seoul on Tuesday Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz, reported the Saudi Press Agency. Prince Khalid conveyed to Yoon the greetings of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and…

The Japan News/Yomiuri · Mar 7, 2023

S. Korean public divided over Yoon's plan to resolve labor issue

SEOUL -- Public opinion in South Korea is split over the South Korean government's plan to resolve a dispute with Japan concerning lawsuits linked to requisitioned workers from the Korean Peninsula.

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The Independent UK · Mar 7, 2023

Yoon: Forced labor plan crucial for better ties with Japan

South Korean President Yoon Suk Yeol is defending his government’s contentious plan to use local funds to compensate Koreans enslaved by Japanese companies before the end of World War II

Tribune News Service · Mar 7, 2023

Kim’s Powerful sister threatens action on US-South Korea drills

SEOUL, South Korea — The powerful sister of North Korea’s leader issued a fresh warning to the U.S. and South Korea, threatening them with severe consequences if they went ahead with joint military drills set to start next week.

The Japan News/Yomiuri · Mar 6, 2023

Analysis / S. Korean Yoon prioritizes national interests, security

SEOUL -- South Korean President Yoon Suk-yeol is motivated by his belief that it is essential to improve South Korea's relationship with Japan amid the increasingly tense security situation in northeast Asia, which led to Monday's announcement of measures to resolve the issue of former wartime requisitioned workers.

The Japan News/Yomiuri · Mar 6, 2023

In lieu of Japan firms, Seoul opts to pay ex-requisitioned workers

SEOUL -- South Korean Foreign Minister Park Jin on Monday announced a plan to resolve the issue of lawsuits regarding former wartime requisitioned workers from the Korean Peninsula, saying that a South Korean foundation will pay compensation in lieu of Japanese companies that were ordered to do so.

The Independent UK · Mar 6, 2023

Watch from Seoul as vigil held in support of forced labour victims

Watch the scene from South Korea as a candlelit vigil is held in support of the victims of forced labour under Japan’s occupation of Korea.

WEKU · Mar 6, 2023

U.S. allies South Korea and Japan move closer to resolve forced labor feud

South Korea announced on Monday a plan to compensate victims of forced labor under Japan's colonization through a government foundation with funds from South Korean companies.

France 24 · Mar 6, 2023

South Korea announces plan to compensate victims of Japan's wartime forced labour

South Korea announced plans Monday to compensate victims of Japan’s forced wartime labour, aiming to end a “vicious cycle” in the Asian powers’ relations and boost ties to counter the nuclear-armed North.

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