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South Korea

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South Korea
South Korea
Latest news, in-depth features and opinion on South Korea, covering politics, economy, society, K-pop and Seoul’s relationships with North Korea, Japan, China and the United States.
Capital
Seoul
Head of State
Lee Jae-myung
Lee Jae Myung
Head of Government
Prime Minister Kim Min-seok
A Labubu toy hangs from a bidder’s Hermes bag at an auction by Yongle International Auction in Beijing in June last year. Photo: Reuters
China consumption

China sales hold up as European luxury brands warn of Iran war impact

While LVMH, Hermes and Prada recorded increased sales in Chinese market, Kering reported a decline.

Crime

Editorial | Hong Kong should spare no effort in fight against financial crime

Hong Kong transport

What to eat and buy at Hong Kong airport’s revamped Terminal 2

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Ageing society

Asian Angle | Asia’s silver dividend can offset ageing’s economic toll

Research shows demographic decline hits productivity, not workforce size. Keeping older workers active through technology is the solution.

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A street food hawker waits for customers by a roadside in Bangkok, Thailand, on May 12. Photo: EPA
Banking & finance

Macroscope | Can Europe and Asia break the grip of US bond markets?

Too much money is chasing too few investment opportunities. Unified bond markets in Europe and Asia could offer safe options for savings to flow into.

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Hong Kong economy

K-pop stars BTS to hold 3 concerts at Hong Kong’s Kai Tak Stadium in 2027

Boy band will perform on March 4, 6 and 7 as part of their ‘Arirang’ world tour, with tickets to sell for up to HK$3,299 each.

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Israel

Video | Asian nations condemn Israel over flotilla detentions

South Korea accused Israel of ‘going too far’ in detaining two of its nationals who were part of an aid flotilla headed to Gaza.

Israel deports hundreds of Gaza flotilla activists amid international outcry
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Cathay Pacific

Singapore Airlines faces narrow window to gain market share from Gulf rivals

SIA can capture more Asia-Europe traffic due to its strong oil hedging strategy and balance sheet, and the Iran war’s impact, analysts say.

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Bonds

Macroscope | Bond market sell-off raises stakes for Asia’s tech-driven economies

Stakes are high for Asia’s tech-driven economies amid a global sell-off in bond markets that signals investor fears.

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War and conflict

What Lee’s Netanyahu ‘war criminal’ remark means for South Korea’s diplomacy

The president criticised Israel for ‘going too far’ in detaining two South Koreans who were at sea trying to send aid to Gaza.

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Israeli Prime Minister Benjamin Netanyahu and Israeli President Isaac Herzog (right) attend a memorial service in Meitar, Israel, in January. Photo: Reuters
China-North Korea relations

China’s Xi Jinping expected to visit North Korea as early as next week

The news comes hard on the heels of visits to Beijing by the presidents of the United States and Russia.

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North Korean leader Kim Jong-un and President Xi Jinping at Pyongyang airport in June 2019. Photo: AFP
Starbucks

Video | Starbucks Korea boss sacked as Tank Day promo misfires

Sohn Jeong-hyun was fired after the campaign caused public outrage for evoking painful memories of the Gwangju Uprising.

US-China trade war

China says US agreed to a maximum tariff rate. Could the trade war be waning?

Beijing says Washington agreed to keep future trade levies at numbers set in trade talks last year.

Artificial intelligence

Why is Chinese DRAM maker CXMT’s IPO attracting so much attention?

ChangXin Memory Technologies is sparking investor interest as DRAM profits soar, AI drives shortages and China pushes for chip self-reliance.

ChangXin Memory Technologies (CXMT) has seen profits increase amid the rising price of memory. Photo: Handout
Japan

Japan, South Korea hone diplomatic ‘muscle memory’ amid Taiwan worries

Energy security and supply chains topped the summit’s formal agenda. The subtext was a fear of ‘alliance abandonment’, analysts say.

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Japanese Prime Minister Sanae Takaichi poses for photographs after receiving a gift of glasses from South Korean President Lee Jae Myung in Andong, South Korea, on Tuesday. Photo: South Korean Presidential Office/Yonhap/Reuters
Art

How Asian artists at the 2026 Venice Biennale are making their voices heard

Using everything from baby dolls to tapestries, Asian artists’ perspectives are strongly reflected in a number of memorable exhibitions.

Artificial intelligence

Tiny capacitors are the latest AI-driven investor darling

Artificial intelligence boom is triggering a surge in demand for multilayer ceramic capacitors, report says.

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Samsung Electronics

Samsung workers’ union puts off strike after tentative wage deal reached

The stand-off has raised concerns in South Korea, where semiconductors account for about 35 per cent of exports.

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Samsung Electronics’ trade union members chant slogans during a protest against the company’s compensation levels in Pyeongtaek, South Korea, last month. Photo: Reuters
Asian cinema: Korean films

How Colony features a new kind of zombie to reflect modern fears

Director Yeon Sang-ho of Train to Busan fame explains how AI and social media anxiety inspired the zombies in his new horror film.

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North Korea

South Korea’s Lee hails ‘deep friendship’ as he hosts Japan’s Takaichi in hometown

The talks in Andong, a city famous for its centuries-old folk village, come after the two met in Takaichi’s hometown of Nara in January.

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Semiconductors

Does China’s rapid chipmaking expansion threaten the global AI memory chip boom?

Rising Chinese output and shifting investment patterns may weigh on the semiconductor sector’s outlook, Samsung adviser says.

Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. Photo: Reuters
Electric & new energy vehicles

AI | China’s Ganfeng secures orders amid surge in demand for energy storage, AI boom

Company says its orders are booked through the first half of 2027 as it plans to increase production volume by 50 per cent next year.

China’s Ganfeng Lithium says its orders have been booked through the first half of 2027 amid a surge in demand for energy storage systems and a frenzy of investment in AI data centres. Photo: handout
SCMP Highlights

Singaporeans’ work ethic, South Korea’s AI ‘goddess’: 7 Asia highlights

From Southeast Asia’s climate hazards to South Korea’s AI ‘baseball goddess’, here are a few highlights from SCMP’s recent Asia reporting.

Environment

Letters | Naphtha shock must spur East Asia to cut its plastics reliance

Readers discuss a potential positive consequence of Middle East volatility, the Russian leader’s coming visit to Beijing, and AI’s impact on China’s real economy.

Starbucks

Starbucks Korea boss loses job after ‘Tank Day’ promotion misfires

Sohn Jeong-hyun was fired following public anger over the campaign that was seen as mocking the anniversary of the Gwangju uprising.

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A Starbucks outlet in Busan, South Korea. Photo: Shutterstock
Hong Kong economy

Hong Kong finance chief woos French wealth managers as European tour starts

Paul Chan, who arrived in Paris on Monday, met representatives of French asset management association and think tank Asia Centre in Paris, sources say.

Hong Kong Financial Secretary Paul Chan Mo-po in Paris. Photo: Handout
Samsung Electronics

Video | Samsung strike could cost South Korea $66.7 billion

50,000 workers are set to begin an 18-day strike on May 21 at the world’s largest memory chipmaker, Samsung Electronics.

Semiconductors

CXMT’s soaring profits lift China’s semiconductor stocks

The Hefei-based DRAM producer reported revenue of US$7.4 billion in the first quarter, up 719 per cent from a year earlier.

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