With the fate of suspended South Korean president Yoon Suk-yeol hanging in the balance, the country has also been left facing an uncertain future as it battles through the resulting political turmoil. Analysts say that the power transitions, both in Seoul and Washington, could significantly alter the dynamics between East Asian neighbours South Korea, Japan…
Beijing has pledged to continue to promote close communication “in various fields” with Seoul despite its current political turmoil, Chinese Foreign Minister Wang Yi told his South Korean counterpart Cho Tae-yeol on Tuesday. The 30-minute call marks the first publicly acknowledged ministerial conversation between Beijing and Seoul after President Yoon Suk-yeol imposed martial law earlier…
Check out the companies making headlines before the bell: Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying…
South Korean president Yoon Suk Yeol (AP photo) South Korean president Yoon Suk Yeol is embroiled in a significant political crisis following his controversial decision to impose martial law and deploy armed forces in the capital, Seoul. Although Yoon apologised on Saturday, the unexpected declaration has ignited widespread outrage among citizens. Here are the things…
Backed into a political corner, with a hostile parliament and tanking approval ratings, South Korea’s President Yoon Suk Yeol opted for the nuclear option. In a late-night televised address, the beleaguered president and former prosecutor announced he was imposing martial law. “To safeguard a liberal South Korea from the threats posed by North Korea’s communist…
The political chaos spanning Seoul to Paris this week is reinforcing why many investors have chosen to stick to American markets. The S&P 500 notched its 55th record of 2024 on Tuesday and is set for its best year since 2021. The promise of AI computing — as seen by strong results today from Salesforce…
South Korea’s martial law decree was short-lived but the implications for global investors in the region may roll on for some time. The shock imposition of the measures late Tuesday and their just as sudden removal risk further denting sentiment toward Asian assets already threatened by higher US tariffs. The events raise concerns about the…
Hong Kong Airlines’ relaunch of direct flights to Vancouver in January is expected to offer the most competitive option among carriers operating similar routes. The airline said on Monday that the twice-weekly Vancouver routes, to start on January 18, would provide passengers with more travel options between the two cities. The Vancouver-bound flights will depart…
For three days earlier this year, defence personnel from more than 20 Nato and Indo-Pacific countries descended on the South Korean capital to work out what a regional cyberwar might look like. In the APEX war gaming, critical infrastructure of multiple allies was attacked and participants had to share and verify information to come up…
North Korean leader Kim Jong-un has vowed to “invariably support” Russia’s war in Ukraine, weeks after reportedly sending thousands of troops to fight for Russia. Observers said North Korea’s deepening military ties with Russia might leave China in a bind, with tensions on the Korean peninsula at the “most dangerous” point in more than 70…