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The Latest Breaking News from South Korea

FTSE 100 Live 08 July: Markets calm despite tariff threats, Shein IPO in focus

Asia stock markets closed higher and the FTSE 100 index today held its ground after President Trump issued letters warning of higher tariffs from 1 August.

Evening Standard

EU gets reprieve as Trump announces higher tariffs on Japan, South Korea

The European Union will not face higher tariffs from the United States, unlike several other countries that received letters from US President Donald Trump Monday informing them of sharply higher tariffs on goods starting 1 August.

Radio France Internationale

Trump sends tariff letters, placing 25% duty on Japan and South Korea

Higher tariffs had been set to come into effect on 9 July, although the US president has now moved this date to 1 August.

Euronews

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Trump's Letters To Japan And Korea Attract Criticism From Economists: Move Demonstrates 'Complete Lack Of Understanding Of Trade'

President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.

Benzinga

Bitcoin, Ethereum, Dogecoin Dip On Macro Jitters From Trump's Japan, South Korea Tariffs: Analyst Says BTC 6 Months Away From Top If History Repeats

Leading cryptocurrencies fell Monday as President Donald Trump‘s fresh tariffs on Japan and South Korea spurred risk-off sentiment.

Benzinga

Tesla, SoFi Technologies, Rocket Lab, Bit Digital, And Circle Internet Group: Why These 5 Stocks Are On Investors' Radars Today

The stock market witnessed a tumultuous day as President Donald Trump announced a 25% tariff on all imports from Japan and South Korea, effective from August 1. This news sent the markets into a tailspin, with the SP 500 dropping 0.9% to 6,229.98 and the Dow Jones Industrial Average tumbling…

Benzinga

Trump ramps up trade war with tariff blitz targeting 14 countries

Trump threatens to impose tariffs of 25-40 percent from August 1 unless countries make concessions on trade.

Al Jazeera

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Trump Undermines His Own South Korea Trade Deal With New 25 Percent Tariffs

In 2018, Trump hailed a trade deal with South Korea as "fair and reciprocal" and said it was "a historic milestone in trade." So much for that.

Reason

Intel Shares Tumble On Sweeping Tariffs, AI Chip Curbs

Intel Corp (NASDAQ:INTC) shares are trading lower Monday afternoon as markets react to new global trade restrictions announced by the White House. President Donald Trump imposed sweeping 25% tariffs on all goods imported from Japan and South Korea, set to begin Aug. 1.

Benzinga

Why ProShares UltraPro QQQ (TQQQ) Is Trading Lower Monday

ProShares UltraPro QQQ (NASDAQ:TQQQ), a popular leveraged exchange-traded fund, is trading lower Monday afternoon. The drop followed a broad market sell-off triggered by President Donald Trump’s announcement of sweeping 25% tariffs on all imports from Japan and South Korea, set to take effect on Aug. 1.

Benzinga

Dollar Rises as Trade Tensions Undercut Stocks

The dollar index (DXY00 ) Monday rose by +0.30% and posted a 1.5-week high. The weakness in stocks on Monday boosted some liquidity demand for the dollar. The dollar extended its gains Monday when President Trump announced plans to hike tariffs on several countries, including Japan, South Korea, Laos, South...

Barchart

Trump slaps 25% tariffs on Japan and South Korea—and Wall Street stumbles

The tariffs target two of America’s closest allies and key suppliers of autos, electronics, and steel.

Fortune

Wall Street Slumps, Dollar Jumps After Trump's Tariff Blitz: What's Moving Markets Monday?

President Donald Trump sent markets into a tailspin Monday after officially announcing sweeping 25% tariffs on all imports from Japan and South Korea, starting Aug. 1.

Benzinga

Trump delays tariff hikes again but announces new rates for some countries

US president posted copies of letters addressed to leaders of both countries on social media, stoking further confusion

The Guardian - US

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International Business Times UK

Johnny Somali Jail Update: Victims Petition for Maximum Sentence – What's Likely to Happen?

Johnny Somali faces up to 31 years in prison as a victim petitions for the maximum sentence ahead of his August hearing in a high-profile South Korea case.

PC Gamer

At the request of South Korea, Valve pulled a mod from Steam that glorified the country's military dictatorship

Gross mod, troubling precedent?

The Guardian - US

US judge clears path for eight immigrants to be deported to South Sudan

Justice department says the men – including nationals from Vietnam, South Korea, Mexico, Laos, Cuba and Myanmar – will be flown to South Sudan

The Independent UK

What is causing South Korea’s ‘lovebug’ crisis?

Residents have been advised to avoid wearing bright colours and limit time near lights at night, which attract the bugs in large numbers

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Al Jazeera

North Korean man crosses heavily fortified DMZ border to South Korea

The unarmed man was found in the central-west border section before being led to safety by South Korean troops.

The Independent UK

North Korean man arrested in South Korea after crossing border

Border tensions have flared in recent months as the two Koreas traded Cold War-style psychological warfare

The Guardian - UK

A new style, tariff trouble and no mention of Yoon: key takeaways from two hours with South Korea’s new president

Lee Jae Myung shows no sign of grandeur, cutting very different figure to impeached predecessor Yoon Suk Yeol

Android Central

Samsung's Ballie hit with another setback, delayed to 'find its place' in homes

A report from South Korea claims Samsung has delayed its AI companion, Ballie, as it expressed "concerns" about its place in the home.

The Independent UK

South Korea closely tracking radioactivity after North Korea reportedly dumps nuclear waste into rivers

Secretive North Korea gave a rare look inside one of its uranium facilities after Kim Jong Un’s visit last year

BANG Premier

BTS confirm return with 2026 album and world tour

K-pop sensations BTS have confirmed that they will be back in 2026 with a new album and global tour now that all seven members have completed their mandatory military service in South Korea.

Fortune

North Korean operative reveals the inner workings of the IT scam infiltrating the Fortune 500 — ‘They had no idea that we were from North Korea’

Thousands of IT workers are trapped inside a global operation that funds North Korea’s weapons program, but one managed to escape.

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