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The Latest Breaking News from South Korea

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

IN FULL

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

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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

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

MarketBeat

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…

The Economic Times

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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

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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

The Independent UK

Daniel Dae Kim explores booming South Korean pop, film, cosmetics and food influences for CNN series

Daniel Dae Kim explores Korean culture in a new CNN series, “K-Everything: The Global Rise of Korean Culture.”

International Business Times

AI Surge Powers Asian Stocks To Records Despite Ongoing Iran War And Oil Shock

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

The Independent UK

South Korean court reduces prison sentence for ex-prime minister in martial law case

An appeals court has reduced to 15 years the prison sentence of a former prime minister over his involvement in then President Yoon Suk Yeol’s imposition of martial law in late 2024

The Times of India

Robot monk Gabi takes Buddhist vows at Seoul's Jogyesa Temple

A humanoid robot has made history in South Korea by becoming the country's first non-human to take part in a Buddhist precept ceremony, joining monks in prayer at Seoul's Jogyesa Temple ahead of Buddha's Birthday, according to Yonhap News Agency.

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