South Korea Stock Market rally faces Tax Reform risks
Summary South Korea’s stock market has experienced a massive rally, but faces uncertainty due to government tax plan announcements. The tax proposals involve increased capital gains taxes that could impact investor sentiment significantly. Corporate…
South Korea US Trade deal 2025: Key terms revealed, economic impact
Summary South Korea’s government clarified there is no written pact or formal agreement on a proposed US-South Korea trade deal. The statement highlights ongoing complexities and negotiations between Washington and Seoul regarding trade terms.…
Tesla, Samsung sign $16.5B Chip deal to boost AI
Summary Elon Musk revealed a $16.5b chip supply agreement between Tesla and Samsung Electronics, running through 2033. Samsung’s Texas fabrication plant will manufacture Tesla’s next-generation AI6 chips, with full customization designed by Tesla. The…
South Korea, US Commerce Secretary Resume Tariff Talks
Summary South Korean officials will meet US Commerce Secretary Gina Raimondo again to discuss unresolved tariff issues. The talks focus mainly on steel and aluminum tariffs impacting trade between the two countries. Both nations aim to find a mutually…
South Korea floods 2025: 18 dead amid torrential rains
Summary Torrential rains hit South Korea, causing severe flooding and landslides. At least 18 people have died due to the extreme weather events. Significant damage reported to homes, infrastructure, and transportation. Emergency services are actively…
South Korea Court reviews Yoon Suk Yeol detention warrant: July 9 hearing
Key Points South Korea’s judiciary has scheduled a hearing for July 9, 2025, to consider a detention warrant for former President Yoon. The move follows a series of high-profile investigations into alleged misconduct during Yoon’s…