APEC says ‘concerned’ over challanges to global trade

APEC says ‘concerned’ over challanges to global trade

The Asia-Pacific Economic Cooperation group said Friday that it was “concerned” over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs. Trade ministers from the top economies that make up APEC are meeting on South Korea’s Jeju Island amid concerns for … Read more

Trump includes U.S. troop costs in tariff talks with Asian allies

Trump includes U.S. troop costs in tariff talks with Asian allies

The tens of thousands of U.S. troops stationed in South Korea and Japan appear set to be part of President Donald Trump’s tariff negotiations, despite efforts by both countries to separate security talks from trade. In posts on the Truth Social platform, Mr. Trump said defence cost-sharing would be part of “one-stop shopping” negotiations with … Read more

Another Rocky Day in Markets: Stocks in Asia Resume Their Slide

Another Rocky Day in Markets: Stocks in Asia Resume Their Slide

Market turmoil extended into Wednesday’s trading session in Asia, as stocks across the region faced renewed downward pressure amid the impending imposition of significantly higher taxes on imports to the United States. Benchmark indexes in Japan and Hong Kong opened down more than 3 percent on Wednesday morning, following a day on Wall Street when … Read more

What to Know About the Ruling on South Korea’s President

What to Know About the Ruling on South Korea’s President

South Korea’s Constitutional Court on Friday upheld the impeachment of President Yoon Suk Yeol, removing him from office four months after his short-lived imposition of martial law on Dec. 3. Protesters who have been demanding his ouster erupted in cheers at the ruling, waving flags and pumping their fists in the air. For weeks leading … Read more

South Korea Fires Kill At Least 19 People

South Korea Fires Kill At Least 19 People

South Korean fire crews battled what the acting president said on Wednesday were some of the worst wildfires ever in the country, fueled by windy and dry conditions. At least 19 people had died, the authorities said, including the pilot of a downed helicopter. The National Fire Agency said the helicopter had crashed on Wednesday … Read more

Impeached South Korean President Released From Jail

Impeached South Korean President Released From Jail

Yoon Suk Yeol, South Korea’s impeached president, who is standing trial on insurrection charges over his decision to impose martial law in December, was released from a detention center on Saturday, a day after a court ruled that his detention was invalid. The Seoul Central District Court ruled on Friday that prosecutors had violated procedural … Read more

North Korea Is Sending More Troops to Russia, South Korea’s Spy Agency Says

North Korea Is Sending More Troops to Russia, South Korea’s Spy Agency Says

Despite the heavy casualties it has suffered in the war between Russia and Ukraine, North Korea appears to have sent more troops to Russia as its soldiers re-entered frontline combat, South Korea’s spy agency said on Thursday. The National Intelligence Service, South Korea’s main spy agency, said it was still trying to assess the size … Read more

South Korea’s Parliament impeaches president Yoon over martial law declaration

South Korea’s Parliament impeaches president Yoon over martial law declaration

South Korea’s Parliament has voted to impeach President Yoon Suk-yeol following his controversial declaration of martial law on December 3. The impeachment motion, supported by 204 lawmakers, effectively suspends Yoon from his presidential duties, pending a final decision from the Constitutional Court on whether to permanently remove him from office. Until the court reaches a … Read more

South Korean man convicted for deliberately gaining weight to evade military service

South Korean man convicted for deliberately gaining weight to evade military service

A South Korean man has been sentenced to a suspended prison term for deliberately gaining more than 20 kilograms (44 pounds) to evade a tougher role in the country’s military conscription system, a Seoul court said Tuesday (November 26, 2024). In South Korea, all able-bodied men must serve in the military for 18-21 months, but … Read more