President Donald Trump announced a new trade agreement with South Korea, setting a 15% tariff on Korean imports—lower than the 25% that would have taken effect without a deal. In return, South Korea will invest $350 billion in U.S. projects selected by Trump and purchase $100 billion in American energy products. The agreement also includes …
On January 15, 2025, South Korea’s impeached president, Yoon Suk-yeol, was arrested at his official residence in Seoul. This marked the first time a sitting South Korean president has been detained. Yoon faced impeachment on December 14, 2024, following his controversial declaration of martial law. Despite his removal from office, he remained in the presidential …
On January 2, 2025, South Korean police attempted to arrest impeached President Yoon Suk Yeol at his residence in Seoul. The arrest warrant was issued on December 31, following his controversial declaration of martial law in early December 2024. The operation faced strong resistance from Yoon’s security personnel and supporters, leading to a standoff that …
On December 28, 2024, a Jeju Air flight from Bangkok to Muan International Airport, South Korea, crashed while landing, skidding off the runway and bursting into flames. The Boeing 737-800 carried 181 people, with reports of at least 28 to 62 fatalities. Two survivors were rescued and hospitalized. Authorities suspect a landing gear malfunction, possibly …
South Korean police raided President Yoon Suk Yeol’s office on December 11, 2024, as part of an investigation into his controversial martial law declaration on December 3. The move, criticized as unconstitutional, has sparked political turmoil. Former Defense Minister Kim Yong-hyun, arrested for his role in the decision, attempted suicide while in custody but survived. …
South Korea’s President Faces Crisis Over Martial Law Declaration On December 3, 2024, South Korean President Yoon Suk Yeol declared martial law, citing threats from North Korea and internal unrest. Military personnel were deployed to the National Assembly, leading to clashes with protesters and lawmakers. In response, the National Assembly swiftly voted 190-0 to rescind …
On December 3, 2024, South Korean President Yoon Suk Yeol declared martial law, citing threats from “communist forces” and accusing the opposition Democratic Party of anti-state activities. The declaration suspends parliamentary activities and grants military authority to maintain order, with troops mobilized in Seoul. Opposition leader Lee Jae-myung denounced the move as illegal and called …
The Bank of Korea (BOK) has lowered its benchmark interest rate by 0.25 percentage points to 3.00%, marking the first back-to-back rate cuts since 2009. The move aims to boost the slowing economy and address weaker-than-expected inflation. The BOK also revised its 2024 growth forecast to 2.2%, down from 2.4%, and adjusted its inflation projection …
South Korean President Yoon Suk Yeol publicly apologized for recent controversies surrounding his wife, Kim Keon Hee, including accusations of accepting a luxury Dior handbag and involvement in stock manipulation. In a televised statement, Yoon acknowledged that Kim should have acted with more caution but argued that her image had been unfairly “demonized,” with some …
South Korea’s spy agency (NIS) has reported that North Korea is sending troops to aid Russia in the war against Ukraine. An estimated 1,500 North Korean soldiers have already arrived in Russia, with the total potentially rising to 12,000. This follows Ukrainian President Volodymyr Zelensky’s claim that up to 10,000 North Korean troops could join …