Seoul, Feb 14 (IANS) Exports by South Korea’s 10 largest companies accounted for nearly 40 per cent of all outbound shipments last year, reaching a record high, largely driven by strong semiconductor sales, government data showed on Saturday.In 2025, outbound shipments by the top 10 exporters accounted for 39 per cent of the country’s total exports, up 2.4 percentage points from a year earlier, according to the data by the Ministry of Data and Statistics, reports Yonhap news agency.”The concentr…
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Seoul, Feb 11 (IANS) South Korea’s media watchdog said on Wednesday it has launched a probe into US social media platform Instagram over allegations that the service disabled user accounts without justifiable reasons last year.The Korea Media and Communications Commission (KMCC) said the investigation will examine whether Meta Platforms Inc.’s Instagram violated the local telecommunications act and provided proper and timely support to affected users, reports Yonhap news agency.The move follows …
Seoul, Feb 9 (IANS) South Korea’s Foreign Minister Cho Hyun said Monday that US Trade Representative Jamieson Greer told him the United States will revert reciprocal tariffs to the pre-agreement level of 25 per cent if Seoul makes no progress on addressing non-tariff barriers. Cho shared details with lawmakers of his meeting with Greer in Washington last week, as Seoul seeks to keep the trade deal with the ally intact following US President Donald Trump’s warning of raising the tariff rate from …
Seoul, Feb 6 (IANS) South Korea posted its largest-ever annual current account surplus last year, supported by robust exports amid strong semiconductor demand, central bank data showed on Friday.The country’s current account surplus totalled $123.05 billion in 2025, up from $99.97 billion a year earlier, according to the data from the Bank of Korea (BOK).The figure marks the largest yearly surplus on record, surpassing the previous high of $105.1 billion set in 2015 and beating the BOK’s forecas…
Seoul, Jan 30 (IANS) LG Electronics said on Friday it remained in the red in the fourth quarter of 2025 from a year earlier, due mainly to weak market demand coupled with one-off costs caused by its restructuring programme.Its net loss came to 725.9 billion won (US$505.7 million) for the October-December period, compared with a loss of 713.7 billion won posted a year earlier, the company said in a regulatory filing.LG Electronics posted an operating loss of 109 billion won for the fourth quarter…
Seoul, Jan 29 (IANS) A golf driving range was found to have been constructed illegally on the presidential residence compound used by ousted former South Korean President Yoon Suk Yeol, the state auditor said on Thursday.The facility was built at the orders of then Presidential Security Service (PSS) chief Kim Yong-hyun and disguised as a guard post in official construction documents, the Board of Audit and Inspection (BAI) said in a report.The BAI did not state whether Yoon personally gave the …
Seoul, Jan 19 (IANS) Former South Korean President Yoon Suk Yeol’s legal team on Monday submitted an appeal against a court ruling that sentenced him to five years in prison on charges that included the obstruction of investigators’ attempt to detain him last year.Last Friday, the Seoul Central District Court handed down the sentence in the first ruling on charges stemming from Yoon’s short-lived imposition of martial law in December 2024.Chief among the charges was that the then president had o…
Seoul, Jan 17 (IANS) Legal representatives for former South Korean President Yoon Suk Yeol on Saturday accused a Seoul court of being politically motivated in its sentencing of their client the previous day.On Friday, the Seoul Central District Court handed down a five-year prison term on Yoon on charges that included the obstruction of investigators’ attempt to detain him last year. It was the first ruling on charges stemming from Yoon’s short-lived imposition of martial law in December 2024.In…
Seoul, Jan 15 (IANS) Former South Korean President Yoon Suk Yeol will receive his first court verdict on charges stemming from his December 2024 imposition of martial law later this week, officials said on Thursday.The Seoul Central District Court will hold the sentencing hearing of Yoon’s trial on special obstruction of public duty and other charges in connection to his failed martial law bid at 2 p.m. Friday.It marks Yoon’s first sentencing of the eight cases he is standing trial on, including…
Nara, Jan 13 (IANS) South Korean President Lee Jae Myung arrived in Japan on Tuesday for summit talks with Japanese Prime Minister Sanae Takaichi, with the two leaders expected to discuss bilateral ties, as well as regional and global issues, amid tensions between Tokyo and Beijing.Lee will stay in Nara Prefecture, Takaichi’s home prefecture, for two days as part of reciprocal leader-level visits dubbed ‘shuttle diplomacy,’ aimed at sustaining the recent momentum in improved relations.It will ma…