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FX volatility likely to ease if Middle East tensions subside: banks

SEOUL, April 7 (Yonhap) -- Officials from major global investment banks and local lenders said Tuesday volatility in the South Korean foreign exchange (FX) market is expected to ease when tensions in the Middle East subside given the country's solid economic fundamentals and stable foreign currency liquidity, accord…

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Kim Yo-jong’s rare praise marks firm red lines, not reconciliation, experts say

Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…

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China's YMTC closes in on NAND leaders as Korea moves upmarket

China’s Yangtze Memory Technologies Co. is rapidly closing in on the world’s top makers of NAND flash memory, scaling production and advancing into higher-layer chips at a faster-than-expected pace. Korean chipmakers, long dominant in the market, are accelerating their shift to advanced nodes to defend their technol…

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S. Korea to transfer KF-21 prototype to Indonesia after funding dispute

I’m a staff reporter for The Korea Herald, covering national security and foreign policy across the Defense, Foreign and Unification Ministries, as well as the National Assembly. Before entering journalism, I served as an Air Force lieutenant, working as an interpreter and junior planner at the ROK–US Combined Force…

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Gangnam styles: South Korea’s brutalist gems – in pictures

View image in fullscreenJeju Glass House, Jeju Island. Architect: Tadao Ando. Completed 2008Paul Tulett brings his distinctive eye to South Korea’s postwar architecture, capturing the austere beauty of concrete. His photographs reveal the buildings not as static monuments, but as living entities weathered by time an…

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On this day in Korea - April 8, 2008: Yi So-yeon first Koreanto reach orbit

Yi So-yeon, a female astronaut and biosystems engineer, became the first South Korean to reach orbit. In the screening process, Yi beat out over 36,000 applicants to become one of the two finalists. Just one month before the rocket launch, she replaced the primary candidate Ko Son, who was disqualified for violating…

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Lee urges PPP to back extra budget, constitutional revision in leaders’ meeting

For over a decade, I’ve navigated the complexities of North Korean affairs, security, and foreign policy from both Seoul and Washington, D.C. As the National Desk Political Team Lead, I track the pulse of geopolitics, closely following developments from the Unification Ministry and the Foreign Ministry. My mornings …

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Lee’s chief of staff heads to Kazakhstan, Oman, Saudi for oil, naphtha supplies

For over a decade, I’ve navigated the complexities of North Korean affairs, security, and foreign policy from both Seoul and Washington, D.C. As the National Desk Political Team Lead, I track the pulse of geopolitics, closely following developments from the Unification Ministry and the Foreign Ministry. My mornings …

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S. Korea sees N. Korea's swift response to Lee's regret over drone flights as 'meaningful progress'

SEOUL, April 7 (Yonhap) -- The unification ministry on Tuesday assessed North Korea's swift response to President Lee Jae Myung's expression of regret over drone flights by South Korean individuals as "meaningful progress" moving forward the establishment of peace and coexistence on the Korean Peninsula.

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Samsung shares rise nearly 5% on record-breaking earnings forecast buoyed by AI chip demand

Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%.In its preliminary earnings guidance, Samsung projected its operating profit for the …

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North Korea Keeping Iran At Arm's Length, Hoping To Improve Ties With Trump

When the Ukraine war began over four years ago, North Korea only deepened its relations and defense cooperation with Moscow. Later into the conflict, it even sent thousands of troops to assist Russian military and security forces - and an undisclosed number of DPRK troops died or suffered wounds while fighting Ukraine.

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