The Latest Breaking News from South Korea

The dollar index (DXY00 ) today is up by +0.18%. The dollar is climbing today on easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments and cap...

Amazon.com Inc.’s (NASDAQ:AMZN) cloud computing unit has committed to investing a minimum of $5 billion in South Korea by 2031 to establish new artificial intelligence (AI) data centers.

Chuck Schumer condemns president for stopping Snap benefits for millions as overall cost of shutdown to US economy could reach $14bn

South Korea rolled out a glittering, gold-laden welcome for President Donald Trump on Wednesday, presenting him with the nation's highest honor, a replica royal crown, and a ketchup-themed lunch celebrating his trademark tastes.

It has been tricky to strike a deal with South Korea, with the sticking point being Trump's demand for $350 billion of direct investment in the US.

On Wednesday, South Korea's SK Hynix (HXSCF) said it has completely sold out its chip supply for next year and plans to ramp up investments as the global artificial intelligence boom fuels a memory chip "super cycle."

President Donald Trump signaled on Wednesday that he expects to lower fentanyl-linked tariffs on China, a potential major concession ahead of a high-stakes meeting with Chinese President Xi Jinping in South Korea this week.

IN FULL

Seoul says it has reached broad agreement on investment and shipbuilding as attention shifts to US-China meeting