An 11-year-old enrolled in the government's Disability Activity Support Service died from abuse while a pastor caregiver falsely recorded and collected wages for unperformed care. The case raises questions about oversight of disability services and caregiver fraud in Korea's support system.
Microsoft will expand worldwide data-center capacity from ~12 gigawatts to 38+ gigawatts by 2032 to meet AI and cloud demand. The expansion aims to resolve current supply shortages that limit customer access to computing resources. This investment cycle could increase South Korea's opportunities for
South Korea's main stock index fell 2% to 6,891.72 as rising US Treasury yields (nearing 5%) and oil prices above US$100 prompted sell-offs. Samsung Electronics and SK Hynix declined over 3% each. Global financial tightening is pressuring Korean exporters and savers holding won-denominated assets.
South Korea's exports surged 82.6% in early September to US$34.97 billion, driven by strong semiconductor shipments. The gains reflect robust demand for Korean chips globally. This strength supports the country's current-account surplus and helps offset earlier trade concerns.
Nominee Kim Seung-won for Justice Minister faces mounting allegations requiring public witnesses; the ruling party's proposal for a written-only confirmation hearing has lost support. Without resolved testimony, the hearing cannot proceed, delaying cabinet formation and prosecutor independence refor
The yen rallied sharply from the 164-per-dollar level, snapping a four-decade low, as Japanese borrowers and foreign investors unwind carry trades (borrowing cheap yen to invest abroad). The reversal threatens asset prices globally and has already hit Korean won traders; further yen strength could t
Democratic Party leader Kim Min-seok met President Lee Jae-myung on return from France, pressing him to publicly state his position on amending the constitution to allow presidents two consecutive terms—currently barred by South Korea's single-term limit. The issue divides the ruling party and will
The Bank of Korea identified foreign investor capital outflows as the primary cause of elevated stock market volatility in the first half of 2026. Expats with Korean brokerage accounts, retirees dependent on pension fund dividends, and foreign companies listed on KOSPI were most affected. Seoul has
South Korean CK Solution is partnering with global energy firm Schneider Electric to add power and automation capabilities to its data center cooling business. This move targets the growing AI infrastructure market. Companies and foreign cloud investors in Korea will benefit from expanded local data
The biometric security firm plans to expand sales of physical access control and permission management systems to AI data centers in Korea and overseas. With expensive AI hardware requiring enhanced security, biometric solutions are becoming critical infrastructure for data center operators.