South Korea's former president Yoon Suk Yeol was formally stripped of office in April after being impeached and suspended by lawmakers

South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits

South Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would grant them tax reductions and other benefits. According to a notice published on July 9, the...

South Korea ex-leader Yoon returns to jail as court grants warrant

Yoon attended the court hearing on Wednesday on the detention warrant, wearing a dark navy suit and a red tie, but did not answer questions from reporters. His lawyers have denied the allegations against him and called the detention request an...

Ex-South Korean leader Yoon in custody for second time

Seoul, July 10, (dpa/GNA) – Former South Korean president, Yoon Suk Yeol, is in custody after a new arrest warrant was issued over his bid to enforce martial law. A court in Seoul granted the request of the special prosecutor’s office, according...

3 in 4 South Korean adults don’t exercise enough, data shows

SEOUL - Only about one in four South Korean adults engage in enough physical activity to meet recommended health standards, making the country one of the most physically inactive populations in the world, according to government data released on...

South Korea expands crypto tax net

The South Korean government is closing loopholes in its tax laws and revising certain restrictions so its cryptocurrency sector can continue to develop. With the elevation of cryptocurrency status since Lee Jae-myung won the South Korean election,...

South Korea: Court Hearing On Potential Arrest Warrant For Ex-President Yoon Ends After Nearly Seven Hours

(MENAFN- IANS) Seoul, July 9 (IANS) A South Korean court hearing on whether to issue an arrest warrant for former President Yoon Suk Yeol over charges related to his failed attempt to impose martial law ended Wednesday after nearly seven hours.The...

South Korea’s New Government and Defense Policy Is Taking Shape

In early June, Lee Jae-myung — the Democratic Party’s candidate — won South Korea’s presidential elections. He took office after several months of political turbulence that followed President Yoon Suk Yeol’s failed attempt to impose martial law....

South Korean Government Imposes Penalties on SK Telecom for Breach

South Korea has leveled a small fine — but also onerous legal requirements — against mobile telecommunications provider SK Telecom, judging that the company "failed to fulfill its obligations" to provide its users with secure communications. After...

South Korea backtracks over follow-on Apache helicopter buy

CHRISTCHURCH, New Zealand — South Korea appears ready to scrap plans for acquiring additional Boeing AH-64E Apache Guardian attack helicopters, as defense leaders mull the changing requirements of warfare. Last August, the U.S. had approved the...

One of the world’s best battle tanks doesn’t come from the US — Poland turns to tiny South Korea, buys 180

Poland is buying tanks from South Korea: A massive $6 billion military move to deter Russia- Poland is buying tanks from South Korea at a record-breaking scale, signaling its readiness to confront any future threat from Russia. On July 2, Warsaw...

South Korea says it will comply with existing terms of defense cost-sharing deal with U.S.

Published: 09 Jul. 2025, 19:49 Ministry of Foreign Affairs spokesperson Lee Jae-woong speaks during a regular press briefing at the government complex in Seoul in Jongno District, central Seoul on July 3. [YONHAP] Korea's Foreign Ministry said...

South Korea’s Ousted Former President Yoon Sent To Detention Center

1 South Korea’s ousted President Yoon Suk Yeol was sent to a detention center Wednesday, where he will await a court ruling on his arrest warrant, Yonhap News reported. The Seoul Central District Court, which ended a seven-hour hearing on whether...

South Korea cites previously agreed terms with US on sharing defence costs after Trump’s demand

SEOUL – South Korea will follow terms previously agreed with the United States on defence cost sharing, its foreign ministry said on July 8, following a call by US President Donald Trump for Seoul to pay more for the US troop presence in the...

South Korean court approves new arrest of former President Yoon Suk Yeol over martial law decree

SEOUL, South Korea (AP) — South Korea’s disgraced former President Yoon Suk Yeol appeared in court Wednesday for a hearing… SEOUL, South Korea (AP) — South Korea’s disgraced former President Yoon Suk Yeol appeared in court Wednesday for a hearing...

Trimble and KT Corporation to Deliver Bundled Telecom and Precise Positioning Services in South Korea

Trimble and KT Corporation to Deliver Bundled Telecom and Precise Positioning Services in South Korea New Collaboration Will Enable Centimeter-level Accuracy for Auto and IoT Applications Nationwide SEOUL, South Korea and WESTMINSTER, Colo., July...

South Korea cites previously agreed terms on sharing defense costs after Trump's demand

By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea will follow terms previously agreed with the United States on defense cost sharing, its foreign ministry said on Wednesday, following a call by U.S. President Donald Trump for Seoul to pay...

South Korean court approves the arrest of former President Yoon Suk Yeol over December's martial law decree

South Korean court issues arrest warrant for ex-President Yoon, Yonhap reports

South Korea Stands Firm on U.S. Troop Deal

(MENAFN) South Korea on Wednesday stood by its current cost-sharing deal with the United States, responding to recent remarks by President Donald Trump urging Seoul to take on the full financial burden of its defense, media reported. “Our...