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Hello from Tokyo. Thanks to the global popularity of South Korean entertainment exports such as BTS, "Squid Game" and more, everyone knows about K-pop and K-dramas. The K-wave phenomenon underscores South Korea's status as one of Asia's biggest soft powers.
This is CNBC's live blog covering Asia-Pacific markets.
Turkey’s Kaan Next-Generation Fighter, previously known as the TF-X, has made its first flight, giving rise to geostrategic speculation the fighter jet may soon be available for export to a range of states, according to multiple news outlets.
There are 82 chaebols in South Korea as of 2023. These are conglomerates that are usually run by one single family, with total assets that exceed 5 trillion Korean won ($3.69 billion).
South Korea raised its health alert to the highest level on Friday after a mass walkout by trainee doctors this week, while the prime minister said public hospitals would extend working hours to respond to growing strains on the medical system.
SEOUL -- The scent of countless candlelit dinners still hung in the air in downtown Seoul the morning after Valentine's Day, but there was little love felt by protesters outside the headquarters of the Korea Football Association (KFA). The country's men's national team was in turmoil, and banners demanded answers. "We have had enough of people putting their own interests above Korean soccer," one fan from Seoul, Kim Min-ji, told Nikkei Asia.
SEOUL - South Korea has raised its health alert as of Friday morning after thousands of doctors walked off the job this week to protest against a government plan to raise the number of medical school admissions, the health ministry said.
PODGORICA, Montenegro (AP) — A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea, a court official in the Balkan Country said Thursday.