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Pyongyang tests cluster-warhead missiles as tensions rise
world2 days ago

Pyongyang tests cluster-warhead missiles as tensions rise

North Korea said its three-day weapons tests this week included ballistic missiles armed with cluster-munition warheads, along with anti-aircraft and electromagnetic weapons. South Korea reported missiles launched from the eastern coast traveled about 240–700 km, and KCNA described the cluster-warhead launches on Hwasong-11 missiles as capable of destroying large areas. Seoul did not immediately comment. Pyongyang has suspended much diplomacy with Seoul and Washington while pursuing a broader nuclear-capable arsenal, as China’s Wang Yi prepares for a visit to the North.

via CNN|
#cluster-munition#kcna#missiles
Kospi's March rout punctuates a stellar 2026 run
markets11 days ago

Kospi's March rout punctuates a stellar 2026 run

South Korea’s KOSPI, which had been the world’s top performer in 2026, plunged about 19% in March after a rally that had seen the index up roughly 50% by February and about 20% for the year to date. The drop came as energy prices surged and heavyweight chipmakers like Samsung Electronics and SK Hynix faced repricing, pushing the market toward bear territory for the month, while the won weakened and energy-import dependence underscored Korea’s economic vulnerability. Despite the March setback, the Kospi remains the strongest major market for 2026 so far, illustrating how quickly sentiment can shift in a volatile cycle.

via MarketWatch|
#equities#kospi#markets
Seoul's BTS comeback draws far fewer fans than expected, prompting crowd-counting questions
arts-entertainment17 days ago

Seoul's BTS comeback draws far fewer fans than expected, prompting crowd-counting questions

Authorities planned for about 260,000 fans to attend BTS’s first full-group show in four years at Gwanghwamun Square, livestreamed by Netflix, but turnout appeared far lower with figures ranging from around 48,000 (Seoul city) to 104,000 (Hybe), depending on counting methods and included sites; the gap has sparked debate over crowd estimates and whether public resources were justified for a private event, as businesses reported slower foot traffic and officials defended extensive security measures.

via The Independent|
#arts-entertainment#bts#concert
world18 days ago

Kim Jong Un commits to irreversible nuclear status amid hawkish stance

North Korean leader Kim Jong Un told the rubber-stamp Supreme People’s Assembly that Pyongyang will irreversibly cement its status as a nuclear power and will respond to confrontations or dialogue alike, signaling a continued hard line against the United States and Seoul as he seeks sanctions relief and greater regional leverage, while accelerating weapons programs and strengthening ties with Russia.

via Politico|
#kim-jong-un#north-korea#nuclear-weapons
Samsung ends Galaxy Z TriFold sales after brief, costly run
technology25 days ago

Samsung ends Galaxy Z TriFold sales after brief, costly run

Samsung will reportedly discontinue the Galaxy Z TriFold in South Korea on March 17, about three months after its launch; in the U.S. it will remain available until existing inventory runs out. The device, priced around $2,899, sold out in limited batches and was never intended for mass production. Industry sources say rising DRAM and NAND costs left virtually no profit margin, making the TriFold more of a technology showcase than a revenue driver.

via Engadget|
#dong-a-ilbo#galaxy-z-trifold#samsung
Pyongyang fires volley of ballistic missiles amid US-South Korea drills
world27 days ago

Pyongyang fires volley of ballistic missiles amid US-South Korea drills

North Korea fired about 10 ballistic missiles toward the eastern sea, launched from near Pyongyang's Sunan airport and traveling roughly 350 km; Japan said the missiles landed outside its EEZ with no damage reported. In South Korea, the military said it was tightening surveillance and coordinating with the U.S. and Japan as joint spring drills continue, a sign of defiance that underscores rising regional tension amid stalled diplomacy.

via PBS|
#ballistic-missiles#north-korea#regional-security
Oil shock widens as Middle East conflict rattles markets
world29 days ago

Oil shock widens as Middle East conflict rattles markets

Global markets slide and oil prices surge as the Middle East conflict deepens, with Iran’s leadership threatening to keep the Strait of Hormuz closed. Brent trades near $100 a barrel as Asian indices fall and South Korea imposes wholesale fuel-price caps to ease domestic costs. The IEA and partners move to release reserves to stabilize markets. Across the region, attacks continue in Iraq and Lebanon, PMF sites are targeted, and a US KC-135 tanker goes down in western Iraq in a non-hostile incident, highlighting widening spillover and the risk of a longer-lasting energy shock.

via CNN|
#iran#markets#oil
South Korea Forms State Investment Vehicle to Deliver $350 Billion U.S. Pledge
business1 month ago

South Korea Forms State Investment Vehicle to Deliver $350 Billion U.S. Pledge

South Korea’s parliament approved a law to create a government-backed investment corporation to execute its $350 billion pledge to the United States, including $150 billion for shipbuilding and $200 billion for strategic sectors (capped at $20 billion per year), as part of a deal tied to more favorable tariff terms amid U.S. Section 301 actions.

via CNBC|
#business#investment#section-301
Korean Stocks Plunge as Kospi Halts Trading in Tech-Led Selloff
markets1 month ago

Korean Stocks Plunge as Kospi Halts Trading in Tech-Led Selloff

South Korea’s Kospi plunged more than 12% intraday, triggering a circuit breaker on the Kospi and halting trading, as Samsung Electronics and SK Hynix slumped and the market pulled back from a strong run last year. The weakness coincored with a broader regional selloff amid Middle East tensions and higher oil costs, while Japan’s Nikkei 225 fell about 3.9% and other Asian indices declined. Investors were also watching China’s Two Sessions and noting gains in gold and oil, underscoring a risk-off mood as energy costs and AI data-center considerations weigh sentiment.

via CNBC|
#asia-markets#kospi#markets