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The Latest Breaking News from South Korea

Business Brief (May 14): Xi, Trump Kick Off Summit in Beijing

China and the U.S. hold trade talks in South Korea, A-shares rally

Caixin Global

Samsung Electronics urges union to resume talks as strike threat looms

Samsung's labour union has rejected a call to resume pay talks, demanding transparency in the company's bonus scheme. A threatened 18-day strike looms if demands aren't met, with the government urging both sides to negotiate to protect South Korea's vital chip export economy.

The Economic Times

Johnny Somali appeal takes new turn after second petition filed against streamer

Johnny Somali faces escalating legal troubles in South Korea with a second victim petition demanding harsher punishment. Currently appealing a six-month labor sentence for deepfake charges, the streamer's situation is complicated by his lawyer reportedly withdrawing. Leaked letters from detention, where he claimed to be "having fun," have also drawn…

The Times of India

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India underperformed Korea by 180 percentage points; but the worst FII selling may be over, says Vikash Kumar Jain

India's stock market has lagged behind other Asian markets. This underperformance has made Indian stocks less expensive. Investor expectations are now lower. The market is positioned for potential gains if global risks decrease. Valuations are no longer stretched. The risk and reward for investors are now more balanced than in…

The Economic Times

Samsung's critical union negotiations break down eight days before planned 18-day chip factory strike that's projected to cost $700 million per day — Korean PM calls emergency meeting as strike looms

South Korean Prime Minister Kim Min-seok responded by convening an emergency ministerial meeting.

Tom’s Hardware

South Korean official proposes 'citizen dividend' payouts from AI windfall — markets spooked by suggestion AI revenue should be redistributed to citizens

Kim Yong-beom, presidential chief of staff for policy, floated the idea of a "national dividend" in a Facebook post late Monday.

Tom’s Hardware

Body, 11, found dead in national park in South Korea

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The Independent UK

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Earn money just by walking? In this country, it's the new extra income

People in South Korea are earning small amounts of money by using a fintech app for everyday tasks. This trend highlights financial pressures faced by ordinary citizens. The app rewards users for activities like walking or simple digital interactions. This phenomenon is also seen in the US with cashback and…

The Economic Times

China and US hold last-minute trade talks to ‘sound each other out’ ahead of Trump-Xi summit

Officials from both sides meet at South Korea’s Incheon airport after separate meetings with president Lee Jae Myung

The Independent UK

Missing 11-year-old found dead near South Korean mountain peak

Child went missing from the Juwangsan National Park over weekend

The Independent UK

US, China begin fresh trade talks in South Korea ahead of Trump’s Beijing visit

Senior officials from the US and China are holding trade talks in Seoul. This meeting precedes President Donald Trump's visit to Beijing. Discussions will cover trade items like soybeans and minerals. The ongoing conflict involving Iran is also on the agenda. Several top business leaders will accompany President Trump.

The Economic Times

Chinese-born robot becomes world's first android monk as humanoid called Gabi takes vows in South Korea — three more $16,000 'spiritual cyborgs' will join it for Buddha’s birthday

South Korean monks ordained an AI powered humanoid robot, triggering debate over spirituality, suffering, and sacred religious traditions worldwide.

TechRadar

South Korea official floats AI profit social tax as tech giants boom

A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix. Kim proposed what he tentatively called a "national dividend" for socially redistributing excess corporate profits from AI technology.

The Economic Times

Samsung Electronics union threatens to walk out of pay talks if no mediation proposal

Samsung Electronics' labour union in South Korea is threatening to halt pay negotiations. The union demands a larger share of operating profit for performance bonuses. Workers are unhappy with lower bonuses compared to rival SK Hynix. This dissatisfaction grows amid Samsung's record profits driven by the AI chip boom.

The Economic Times

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MarketBeat

KT Q1 Earnings Call Highlights

KT (NYSE:KT) reported lower first-quarter earnings for fiscal 2026 as higher sales and labor costs and a year-earlier property development gain weighed on profitability, while management outlined plans to reposition the company around AI-driven “AX” services and maintain its shareholder return frame

The Economic Times

South Korea’s radical 'AI dividend' proposal: A bold future or a market nightmare?

South Korea is discussing sharing the wealth generated by artificial intelligence. A government official suggested distributing AI profits, causing a stir in the stock market. Companies like Samsung and SK Hynix are seeing huge profits from AI chips. This move highlights concerns about wealth concentration and calls for broader economic…

The Economic Times

Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says

Global hedge funds significantly increased their investments in South Korea, Japan, and Taiwan last week, reaching a decade-high in stock buying. This surge, driven by AI beneficiaries and the region's dominance in the tech supply chain, saw net exposure to these markets hit its highest point since 2010.

The Economic Times

Global Market Update | Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, says Morgan Stanley

Global hedge funds have heavily invested in Asian stocks, particularly in South Korea, Japan, and Taiwan. This buying spree, the largest in a decade, focuses on technology firms. Investors are seeking exposure to artificial intelligence beneficiaries. Major chipmakers in these countries are driving this trend. Asia's tech supply chain is…

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MarketBeat

WEBTOON Entertainment Q1 Earnings Call Highlights

WEBTOON Entertainment (NASDAQ:WBTN) reported first-quarter 2026 revenue that declined slightly from a year earlier, while profitability improved as the digital comics and storytelling platform cited stronger gross margins, cost discipline and growth in paying users. Founder and CEO Junkoo Kim said

The Independent UK

A South Korean startup captures workers' techniques to develop AI brains for robots

Workers at a five-star hotel fold napkins and wipe silverware with body cameras recording their every move

Tom’s Hardware

Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

The two sides are meeting through South Korea's National Labor Relations Commission after earlier rounds of mediation in February and March collapsed.

Caixin Global

Business Brief (May 11): Chinese and U.S. Officials to Hold Trade Talks in South Korea

DeepSeek reportedly plans to raise up to 50 billion yuan, Beijing advances 6G plans

The Times of India

North Korea prepares nuclear dead man's switch

North Korea has amended its constitution, mandating an automatic nuclear strike if leader Kim Jong-un is assassinated or incapacitated by foreign adversaries. This revision, prompted by concerns over recent decapitation attacks in Iran, formalizes retaliatory procedures. The move underscores Pyongyang's heightened security fears amid evolving geopolitical threats.

The Independent UK

Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-April

A South Korean refinery says a tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast after passing through the Strait of Hormuz in mid-April

The Independent UK

North Korea will deploy new artillery guns targeting Seoul and commission its 1st destroyer

North Korea says it’ll deploy new long-range artillery systems capable of striking the capital region of rival South Korea this year and commission its first naval destroyer in coming weeks

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