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Korea-US $200 bil. investment talks hit last-stage hurdles over 'commercial viability'

Korea’s negotiations with the United States over a $200 billion investment package have run into last-stage hurdles, with the two sides disagreeing over nuclear reactors, energy projects and funding terms. The Ministry of Trade, Industry and Resources postponed a parliamentary briefing initially scheduled for Thursday, which had been expected to clear the way for signing of a memorandum of understanding for the first project as early as Friday. The briefing is now expected to take place Monday or Tuesday, although the timing will depend on progress in the negotiations. President Lee Jae Myung acknowledged that some provisions remained difficult to accept despite the negotiations being close to an agreement. “After reviewing the details, there are parts that are not easy to agree to,” Lee said during a press conference at Cheong Wa Dae in Seoul, Friday. “We are discussing them again.” Lee said the investment negotiations had broad, complex implications for Korea-U.S. relations and that disagreements emerged as the talks moved into specific projects. “There were several points o

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[COVER STORY] Korea-US $200 bil. investment talks hit last-stage hurdles over 'commercial viability' thumbnail
Cho, Rubio agree to work together for 'good' results from talks on US investment projects thumbnail

Cho, Rubio agree to work together for 'good' results from talks on US investment projects

WASHINGTON — The top diplomats of South Korea and the United States agreed to work together for "good" results from bilateral talks on the Asian country's investment projects in the U.S. during their meeting in Washington on Friday, the foreign ministry said. Foreign Minister Cho Hyun and U.S. Secretary of State Marco Rubio met at the State Department as the two countries have been in talks over the investment projects as part of efforts to implement last year's bilateral trade deal under which Seoul committed to investing $350 billion in the U.S. Seoul and Washington were initially expected to announce Korea's first investment project on Friday (Korea time). But the announcement has reportedly been postponed until next week after a related briefing to the National Assembly was delayed. "I called on (Secretary Rubio) to make joint efforts to ensure that ongoing consultations related to strategic investment projects in the U.S. will yield good results, while asking the secretary to play a role in that process," Cho said during a press meeting with South Korean correspondents. "Secretary

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Pentathlete Seong Seung-min wins S. Korea's 1st gold at Asian Games

ANJO, Japan — Seong Seung-min brought home South Korea's first gold medal at the Aichi-Nagoya Asian Games, winning the women's individual modern pentathlon event. Seong finished first with 1,492 points in the sport's final after competing in five events — fencing, swimming, obstacle course racing and laser run, a combination of running and shooting — at Anjo Sports Park in Anjo, just southeast of the main host city of Nagoya, Japan. She became the first South Korean female pentathlete to win the individual event, ending China's streak of four consecutive gold medals. The silver medal went to Zhang Mingyu of China and bronze to Wu Xiyao of China. Her compatriot Kim Un-ju ranked seventh with 1,399 points and Shin Su-min 12th with 1,380 points. Led by Seong's gold medal performance, South Korea finished second in the team event, following China. In the team event, scores of the top three athletes from a country are combined to determine the rankings. As a former world champion and an Olympic bronze medalist, Seong was considered a strong gold medal contender for the women's modern pentat

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Pentathlete Seong Seung-min wins S. Korea's 1st gold at Asian Games thumbnail
Lee Jun-suk becomes inaugural gold medalist in men's teqball thumbnail

Lee Jun-suk becomes inaugural gold medalist in men's teqball

NAGOYA, Japan — Lee Jun-suk soared to gold in the men's singles teqball event at the Asian Games on Sunday, becoming the inaugural champion of the brand new sport making its Asiad debut. Lee defeated Ali Jalil Mezher Alelayawi of Iraq 2-0 (12-11, 12-5) in the final at Nagoya City Higashi Sports Center in Nagoya, Japan. Lee, 27, went undefeated on his way to the top of the podium, having won all five group matches and then both of his knockout contests. Lee's was South Korea's third gold medal of the Asian Games here. Invented in Hungary in 2014, teqball combines elements of football, table tennis, freestyle skills and sepaktakraw. It is played on a curved table, with players allowed to hit the ball with any part of their body except the hands and arms. A player must return the ball with a maximum of three touches and cannot touch the ball with the same body part twice in a row.

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University Rankings

Top Korean universities hold firm as new contenders gain ground

Korea University retained the top spot in The Korea Times University Rankings 2027 for the second consecutive year, as the country’s leading universities largely held their ground while Sejong University emerged as the biggest mover in the top 10. First launched last year, The Korea Times University Rankings aim to look beyond the number of international students to assess how well universities are building the broader ecosystem needed for globalization. This year’s results suggest that while Korean universities have made progress in attracting and managing international students, many still lag in areas such as international faculty, financial support and post-graduation outcomes. The disparity was evident across the four evaluation areas. Universities performed strongest in education, while scores were lower in student support and lowest in graduate outcomes, underscoring the challenge of building an environment that supports international students not only upon arrival but throughout their studies and beyond graduation. Korea University topped the rankings with 149.52 points out o

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Top Korean universities hold firm as new contenders gain ground

N. Korea fires 1 short-range ballistic missile toward East Sea: S. Korean military

North Korea fired one short-range ballistic missile toward the East Sea on Sunday, South Korea's military said, days after it vowed to take "responsive action" against continued U.S.-led military drills in the region. The Joint Chiefs of Staff (JCS) said it detected the launch at about 3:00 p.m. from the Wonsan area. "We have stepped up surveillance and vigilance against additional launches and maintain full readiness as we are closely sharing information regarding North Korea's ballistic missile launch with the United States and Japan," the JCS said. Sunday's launch came about a week after the North fired multiple short-range ballistic missiles from the same region toward the East Sea on Sept. 12. In a media dispatch two days later, the North said the country had conducted a firepower strike drill involving artillery and missile units featuring new combat systems, including attack drones, tactical cruise missiles, large-caliber multiple rocket launchers and tactical ballistic missiles. The latest launch came as Pyongyang has ramped up criticism of key regional military exercises involvin

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KTX bookings to open 2 months in advance, easing travel for foreign visitors

Tickets for Korea’s high-speed KTX trains will be available for booking up to two months before departure starting next month, extending the current one-month window. Along with the booking window, KTX will introduce a set of operational improvements for foreign travelers next month to make the reservation process more convenient, the government said Sunday. According to the Ministry of Land, Infrastructure and Transport and KTX operator KORAIL, customers will be able to book seats up to two months in advance starting Oct. 1. The government said the extension is intended to make it easier for travelers to plan trips around the country. For foreign visitors in particular, many book flights to Korea at least two months in advance, but KTX tickets have only been available one month before departure, making it difficult to plan their itinerary within the country. “Travelers will be able to book KTX at the same time as purchasing airline tickets, making it easier to plan domestic trips and use KTX more conveniently,” the ministry said in a press release. “Korean travelers will also be a

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Inside the Seo Hui: A look at Korea's newest submarine

GEOJE, South Gyeongsang Province — Wearing gloves, reporters ducked beneath a canvas cover and descended a ladder into the Seo Hui, a 3,600-ton submarine under construction at Hanwha Ocean’s Geoje shipyard. At the bottom was a narrow passage, barely wide enough for two adults. Pipes and equipment remained exposed, while stickers reading “painting inspection completed” showed that work was still underway. Hanwha Ocean opened the interior of the Seo Hui, the second Jangbogo-III Batch-II submarine, to the media for the first time Tuesday. Its launch ceremony is tentatively planned for November, although the timing could change depending on the Navy’s schedule. The contract stipulates that delivery is set for December 2027. Measuring about 89 meters long, the Seo Hui is larger than the Dosan Ahn Chang-ho-class submarines of Batch-I. Its combat management and sonar systems have been upgraded to improve data processing, target detection and land attack capabilities. Its overall localization rate is about 80 percent. In the torpedo room in the bow, horizontal launch tubes were arrange

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Inside the Seo Hui: A look at Korea's newest submarine thumbnail

Shark sightings draw crowds at Busan's North Port

Repeated shark sightings at a waterfront park in Busan’s North Port have drawn crowds of curious visitors, prompting city authorities to step up safety measures while monitoring the sea creature’s return to open waters. A shark estimated to be at least 3 meters long was first spotted at around 8:57 a.m. on Friday in a waterway at the port’s Waterfront Park, according to city officials. Another shark sighting was reported at around 1:05 p.m. the following day. The creature was believed to be a basking shark, a species found in subtropical waters of the Pacific, Atlantic and Indian oceans, including waters off the Korean Peninsula. Although the species is not known to be aggressive, city officials said it could still pose a danger if provoked or approached too closely. The Korea Coast Guard initially tried to guide the shark out of the narrow waterway. But it suspended the effort after the National Institute of Fisheries Science advised that forcing the animal away could trigger defensive or aggressive behavior. Instead of deterring visitors, the unusual sight quickly turned the park

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Justice minister nominee's withdrawal deals blow to president, ruling party

Justice Minister nominee Kim Seung-won's withdrawal from candidacy is expected to deal another setback to President Lee Jae Myung and the ruling Democratic Party of Korea (DPK), as they are already struggling with declining public support. Kim stepped down Saturday, 20 days after his nomination, following controversy over several allegations — including that he used his influence as a lawmaker in 2021 to help a pharmaceutical company get regulatory approval for a COVID-19 clinical drug trial. He withdrew even after the National Assembly approved his nomination. While Kim’s withdrawal eased the immediate pressure on Lee over the appointment, it reinforced concerns over shortcomings in the administration’s personnel vetting system. Kim’s departure also leaves the justice ministry without leadership at a critical time, with pressing tasks piling up ahead of a major overhaul of the criminal justice system, scheduled to take place in October as part of Lee’s signature prosecution reform drive. For the ruling party, Kim’s departure highlighted its political misjudgment. DPK lawmake

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BTS, BLACKPINK lead K-pop charge in Best Group race at MTV VMAs

K-pop-linked acts make up half of the Best Group race at this year's MTV Video Music Awards (VMAs), with BTS seeking to reclaim a title it held four years running and BLACKPINK looking to defend the trophy it took home last year. MTV announced nominees for four social media vote categories Friday (local time), naming BTS, BLACKPINK, rookie boy group CORTIS and global girl group KATSEYE for Best Group. They will compete against British girl group FLO and U.S. acts Fuerza Regida, Geese and Twenty One Pilots. The addition brings BTS' nomination tally to three for the event, following earlier nods for Song of the Year and Best K-pop for "SWIM," the lead track of its fifth studio album, "ARIRANG." The septet won Best Group four consecutive times from 2019 to 2022, the most by any act in the category's history. CORTIS also has three nominations. Last month, the group earned its first-ever VMA nods for Best New Artist and for Best K-pop with April's "REDRED." The five-member group, which launched just over a year ago, is the most recently debuted act in the Best Group lineup. KATSEYE received f

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Parental leave benefits for foreign workers double last year

Parental leave benefits paid to foreign workers in Korea doubled over the past year, data showed Sunday. The data, submitted to Rep. Park Soo-min of the People Power Party by the Ministry of Employment and Labor, showed total payments reached 36.45 billion won last year, up from 18.15 billion won the year before. The number of recipients rose more than 50 percent to 2,031 from 1,354. Through July of this year, 1,476 foreign nationals have already received 26.71 billion won in benefits. Foreign nationals made up 1.2 percent of the total recipients as of July, up from 1.1 percent last year and 1 percent two years ago. Ethnic Korean Chinese received the most support, with 1,154 recipients sharing 22.56 billion won, followed by Vietnamese with 895 recipients and 12.87 billion won. Besides the top two groups, 652 Chinese nationals claimed 11.54 billion won in benefits, 366 Americans received 5.78 billion won, 261 Japanese received 4.99 billion won and 177 Canadians claimed 3.08 billion won. Under Korean labor laws, foreign workers holding relevant visas, like E-9 or H-2 visas, can enroll in em

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LG Innotek develops AI-powered component recommendation system

LG Innotek has developed an artificial intelligence (AI)-powered system that recommends components suitable for use in new products, the company said Sunday. Completed recently after two years of development, the system analyzes vast amounts of internal and external component data using AI and allows users to compare specifications and prices at a glance. LG Innotek’s key products include camera modules, semiconductor substrates and automotive components, each of which can contain hundreds of individual parts. By using AI to speed up component selection while considering both price and performance, the company expects to strengthen its competitiveness. When users enter the specifications they need, the system searches through the data of more than 2 million components in its database and suggests parts with similar specifications. By providing information on components previously purchased by LG Innotek and from the external market, the system significantly broadens the search domain. A distinctive feature of the system is its reference price function. The AI analyzes actual purchase r

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Military duty alternative revives for large conglomerates after 14 years amid AI drive

The assignment of expert research personnel to large conglomerates is expected to resume for the first time in 14 years, this time in the artificial intelligence (AI) field, helping prevent research career interruptions and the outflow of workers abroad. According to data submitted by the Ministry of Science and ICT to Rep. Hwang Jung-a of the ruling Democratic Party of Korea on Sunday, the ministry recommended LG Electronics, HD Hyundai Robotics, Samsung Medison and Samsung Electronics to be designated for hosting expert research personnel, with their nine research institutes needing 81 personnel. The expert research personnel program lets science and engineering graduates with master's or doctoral degrees work at research sites for three years instead of serving 18 to 21 months in the regular military, depending on the branch. However, new assignments to large conglomerates were suspended in 2013 to secure research and development personnel for small and medium-sized enterprises, closing off the path to military service at large conglomerate research institutes and drawing criticism f

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Samsung, SK hynix near end of buybacks, leaving KOSPI without clear buyer

Korea's stalling stock market could soon lose a key source of support as Samsung Electronics and SK hynix near the completion of their share buyback programs, market watchers said Sunday. According to the Korea Exchange's corporate disclosure system, Samsung Electronics has repurchased 39.8 million shares over 20 trading days since Aug. 24. That amounts to 74.69 percent of its planned buyback of 53,285,968 shares. The cumulative value of the purchases stands at 10.31 trillion won ($7.41 billion). SK hynix has also bought back 14.15 million shares over 22 trading days since Aug. 20, completing 58.79 percent of its planned repurchase of 24.07 million shares. The cumulative value of the purchases stands at 24.39 trillion won. Samsung Electronics and SK hynix had planned to continue their buybacks through Nov. 21 and Nov. 19, respectively. At the current pace, however, both programs are likely to be completed by mid-October. Samsung Electronics has been buying back an average of about 2 million shares a day. If that pace is sustained, the company is expected to complete the buyback in six to

2 MIN READ
Samsung, SK hynix near end of buybacks, leaving KOSPI without clear buyer thumbnail

Korean bond rates most sensitive to changing US yields in emerging Asian markets

Korean interest rates are highly sensitive to movements in U.S. yields as markets anticipate a quick response by the Bank of Korea (BOK), pricing that expectation into Korean rates before the central bank actually makes a move, a new BOK study showed Sunday. The finding helps explain why Korean bond yields tend to move closely with their U.S. counterparts even when the two economies seem to be heading in different directions. That sensitivity has become increasingly pronounced over the past two decades. A Bloomberg analysis earlier this year found Korean government bonds to be the most sensitive among emerging Asian markets to shifts in the U.S. Treasury yield curve. The BOK researchers found that global inflation shocks were the single largest contributor, accounting for 41 percent of the co-movement, both in the direction and the level of volatility. The link strengthened sharply after the 2008 global financial crisis and again during the global inflation shock that began in 2021. This can make it harder for the BOK to calibrate monetary policy solely based on economic conditions at ho

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Korean dramas put successful parents on trial

"Why aren't they turning them on, the police lights?" Actor Kim Hye-soo put the question to the production team during filming of "The Affair Was Just the Beginning," the highly anticipated Coupang Play series. In the scene, a patrol car dispatched after a report from residents pulls up with its emergency lights off. "We hear they often respond with the lights off these days, because of complaints," the production team told her, and shooting resumed. 'Squid Game' director turns eye on high-flying parents The neighborhood disturbance that brought police to the street was not about noise complaints. Here is what happened. In the drama, high school daughters from two households are caught up in a hit-and-run that killed someone. Their parents make a scene, each pointing fingers over what was done. The parents of the two teenagers tied to the killing are doctors, played by Cho Yeo-jeong and Kim Jae-chul, and a popular influencer and an entertainer, played by Kim Hye-soo and Kim Ji-hoon. At the time her daughter caused the accident, the influencer was attending a wine party at a neighbor's hom

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Hyundai Motor bets on redesigned Tucson SUV for sales rebound

PAJU, Gyeonggi Province — Hyundai Motor is banking on the redesigned Tucson to help turn around its weakening sales momentum, putting one of its global best-selling SUVs at the center of its global sales strategy in the second half of the year. The automaker unveiled the fifth-generation Tucson on Friday, six years after the previous model was introduced, positioning the compact SUV alongside the redesigned Avante and the facelifted Grandeur as key models for its swift sales recovery. The launch comes at a difficult time for the carmaker. Its domestic sales plunged 41.1 percent in August from the previous year to its lowest level in 11 years, largely due to production disruptions caused by a prolonged labor strike. With its relatively affordable, high-volume models expected to provide a more immediate boost to its global sales, the launch of the highly sought-after SUV came at the opportune time for the carmaker. Tucson is particularly important because its role extends beyond the Korean market. It is one of Hyundai's major global volume models, giving the company an opportunity to use

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Shinhan Financial expands partnership with Vietnam's Vingroup

Shinhan Financial Group is expanding its partnership with Vietnam’s Vingroup beyond motor vehicle finance into capital markets, it said Sunday. Shinhan Financial Chairman Jin Ok-dong met with Vingroup executives Thursday at Shinhan Bank Vietnam’s headquarters in Ho Chi Minh City to discuss new areas of cooperation. Vingroup, the Southeast Asian country’s largest private company by market capitalization, has interests ranging from real estate to electric vehicles. Shinhan’s relationship with the group has so far centered on vehicle finance, particularly for VinFast, its electric vehicle (EV) unit. Since 2024, Shinhan Bank Vietnam has provided a cumulative $100 million in loans to VinFast customers. Shinhan Vietnam Finance financed around 14,000 VinFast motorcycles in the first half of this year, with total financing reaching 15 billion won ($10.9 million). The two parties now plan to explore capital market opportunities, including equity and bond financing through Shinhan Securities Vietnam. Shinhan Bank Vietnam and Shinhan Vietnam Finance will also expand their vehicle finance bu

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Editor's Pick

[COVER STORY] Lee says he has 'no intention whatsoever' of seeking reelection

COVER STORY Lee says he has 'no intention whatsoever' of seeking reelection

President Lee Jae Myung said Friday that he has “no intention whatsoever” of seeking reelection, drawing a clear line between his push for a constitutional amendment allowing presidents to serve consecutive terms and his own political future. “Under the Constitution, it is impossible for me to seek reelection through a constitutional amendment and I have repeatedly made clear through various channels that I have never even considered seeking reelection,” Lee said during a press conference at Cheong Wa Dae. He dismissed demands that he explicitly pledge not to seek another term as a “political offensive,” saying they were intended to create the impression that he had considered reelection before abandoning the idea. “Nevertheless, I want to make it absolutely clear once again on this occasion,” Lee said. “I have no intention whatsoever of seeking reelection.” Lee has long advocated revising the Constitution to allow presidents to serve consecutive terms, arguing that such a system would ensure greater policy continuity and stability in state affairs. The proposal has d

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Life in Korea

Peace Corps Volunteers gather in Seoul, possibly for last time

Peace Corps Volunteers gather in Seoul, possibly for last time

Korea was in a much different state of development when U.S. Peace Corps Volunteers (PCVs) arrived in Korea for the first time, on Sept. 16, 1966. Sixty years later, 17 members of this first cohort, classified as K-1, returned to Korea to celebrate the mission's "hwangap," or 60th birthday. "Sixty years ago, you came to Korea as young volunteers," Song Guido, president of the Korea Foundation (KF), told the assembled PCVs during a dinner at The Plaza Seoul hotel, where they were joined by family members, Korean former co-workers and other members of Friends of Korea (FOK), a nonprofit organization founded by PCVs in 2002. "You came to teach, to work, but you also became part of communities, and formed friendships that have lasted for 60 years. Looking around this room tonight, we can see that this connection is still very much alive." "My friendship with three former PCVs helped shape my image of America," said Yoon Young-kwan, a former foreign minister of Korea. "PCVs have built that human connection as an important moment in Korea's history, and FOK has helped sustain it across genera

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Lifestyle

Tired of fast fashion trends? 'Elegant minimalism' takes over this fall

Understated beauty is in. Following the rise of “quiet luxury” and “old money” style in the 2020s, “elegant minimalism” is emerging as a key fashion trend for the fall-winter season this year. According to the fashion industry, elegant minimalism is dominating the market, with brands emphasizing their identity through high-quality materials, precise tailoring and subdued colors rather than flashy embellishments or prominent logos. When minimalism was at its peak in the 1990s, black and white were the norm. This season, however, industry insiders expect neutral colors such as beige, brown and gray to take center stage. Silhouettes, too, are shifting. While slimness was the priority in the past, today’s designs are moving toward softer, more three-dimensional silhouettes. The emphasis is on fluidity that gently follows the contours of the body. The texture of fabrics is also expected to stand out this season. “The density and feel of a fabric are the foundation of elegant minimalism,” an official from the Samsung Fashion Research Institute said. “Lightweight materials

2 MIN READ
Tired of fast fashion trends? 'Elegant minimalism' takes over this fall

K-Culture

BTS performs at iHeartRadio Music Festival in Las Vegas

BTS has performed at a major U.S. music festival, appearing as a closing act, its label BigHit Music said Sunday. The septet performed four songs — "Swim," "2.0," "Mic Drop" and "FYA" — at the 2026 iHeartRadio Music Festival at T-Mobile Arena in Las Vegas on Friday. The annual festival also featured Cardi B, Snoop Dog and Benson Boone alongside the K-pop superstars. It marked BTS' first appearance at the festival in six years. BTS is set to begin the Latin American leg of its "ARIRANG" world tour on Oct. 2 in Bogota, followed by stops in Lima, Santiago, Buenos Aires and Sao Paulo.

1 MIN READ
BTS performs at iHeartRadio Music Festival in Las Vegas

Celebrities

Son Ye-jin reveals why she covers husband Hyun Bin's face with stickers

Actress Son Ye-jin has revealed why she covers her husband Hyun Bin’s face with stickers when sharing family photos on social media. A new episode of Netflix Korea’s web variety show “I Came to Promote, But…” uploaded to its official YouTube channel on Thursday featured Son, Ji Chang-wook and Nana, the lead actors of the upcoming Netflix series “The Scandal.” During the show, Son talked about her life recently, saying with a laugh, “These days, I’ve been raising my baby.” She also said that taking a recent family trip was the happiest thing she had done. Son said she had traveled to Okinawa, Japan, and the United States with her family. “I went to relax after finishing a project, but traveling with a child isn’t really a relaxing trip,” she said. “We packed the schedule around our child,” she continued. “It was tiring, but I think traveling with my family is incredibly happy.” The conversation then turned to photos Son had posted on social media during the family trip. She has drawn attention by covering her husband’s face with stickers whenever she sha

2 MIN READ
Son Ye-jin reveals why she covers husband Hyun Bin's face with stickers

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Opinion

Top 10 Stories

  1. Pentathlete Seong Seung-min wins S. Korea's 1st gold at Asian Games

  2. Peace Corps Volunteers gather in Seoul, possibly for last time

  3. Lost in translation no more: Gangnam upgrades administrative counters with AI

  4. S. Korea to start gold medal campaign on 1st day of medal events

  5. COVER STORY Korea-US $200 bil. investment talks hit last-stage hurdles over 'commercial viability'

  6. Lawsuit says Anthropic, OpenAI, SpaceXAI and Google made illegal agreement on AI slowdown

  7. Saudi Arabia confirms Yemen's Houthi rebels tried to attack its capital with ballistic missile

  8. Hyundai Motor bets on redesigned Tucson SUV for sales rebound

  9. Shin Ji-eun wins bronze in cycling for S. Korea's 1st medal

  10. Shark sightings draw crowds at Busan's North Port

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