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SEOUL -- While the defeat suffered by South Korean President Yoon Suk Yeol's party in Wednesday's legislative elections is unlikely to directly affect relations with Japan, it leaves potential stumbling blocks for the administration's effort to improve bilateral ties.
TOKYO/SEOUL -- South Korea's efforts to boost corporate valuations through a government-led initiative will likely face minor delays, following the ruling party's crushing defeat in legislative elections.
SEOUL -- A resounding electoral defeat for South Korean President Yoon Suk Yeol's ruling People Power Party (PPP) sparked political upheaval on Thursday, with both the party's leader and Yoon's hand-picked prime minister tendering their resignations.
Yoon’s ruling People Power Party garnered 109 seats, trailing far behind the liberal Democratic Party of Korea which secured a comfortable majority with 175 seats in the 300-strong parliament. Voter turnout was 67 percent, the highest in 32 years.
SEOUL - North Korean leader Kim Jong-un said unstable geopolitical situations surrounding his country mean now is the time to be more prepared for war than ever, as he inspected the country’s main military university, the Korean Central News Agency (KCNA) said on April 11.
SEOUL - South Korea's liberal opposition parties scored a landslide victory in a parliamentary election held on April 10, dealing a resounding blow to President Yoon Suk Yeol and his conservative party but likely falling just short of a super majority.
SEOUL -- South Korean President Yoon Suk Yeol's ruling party suffered a drubbing in legislative elections held on Wednesday, with the main opposition party increasing its majority in the National Assembly and casting a cloud over the remainder of his term in office.
SEOUL -- South Korean stocks saw net purchases by foreign investors triple on the year in January through March to 15.8 trillion won ($11.6 billion), driven by an appetite for relatively cheap chip stocks amid the artificial intelligence boom.