Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second impeachment vote. London was flat and Paris gained.

The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power

South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an impeachment motion after his short-lived imposition of martial law stunned the world

South Korean stocks sank more than two percent Wednesday while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later.

The layoffs could affect about 10 percent of the workforce.

Hong Kong, China - The yen plunged Wednesday to a 34-year low against the dollar after a top Bank of Japan official indicated it would press ahead with a loose monetary policy, even after this month hiking interest rates for the first time since the global financial crisis. The fall raised...

SEOUL, SOUTH KOREA – South Korean flag carrier Korean Air said on Thursday it will sign a US$13.7 billion deal with Airbus to purchase 33 A350 series aircraft to strengthen its long-term fleet operations. The move comes after the European Union approved the airline's takeover of smaller rival Asiana -- conditional...

Manama, Bahrain--Bahrain and South Korea have reviewed ways to enhance diplomatic, economic and parliamentary cooperation and partnership to benefit the two countries. In this connection, Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Political Affairs Undersecretary at the Foreign Affairs Ministry, has affirmed the keenness of Kingdom of Bahrain, under the...

"The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for next year at a year-end party meeting, the official KCNA news agency said. Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was...

Sales of Hyundai cars have tumbled in Russia.

Seoul, South Korea - Saudi Arabia and South Korea on Sunday signed a Memorandum of Understanding (MoU) to collaborate in manufacturing vaccines and biotech solutions.  The agreement was inked between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the South Korean GL Rapha Holding Company, Saudi Gazette...

The two firms will seek to unlock investment opportunities.

Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to cybercriminals who used them for ransomware attacks, identity theft and other scams around the world. The group, identified by Microsoft as Storm-1152, developed sophisticated tools to defeat the US tech giant's...

Seoul, South Korea - UAE President Mohammed bin Zayed Al Nahyan has delayed his planned state visit to South Korea on the invitation South Korean President Yoon Suk Yeol, which was scheduled for later this month, citing "unforeseen regional circumstances,"  the presidential office said Thursday. The delay in the visit...

SEOUL, SOUTH KOREA - Manchester City manager Pep Guardiola said on Saturday that the Saudi Pro League had "completely changed the market" and he expects more and more high-profile players to move there. City winger Riyad Mahrez this week became just the latest big name to move to Saudi football, following...

SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. It also announced plans to invest a total of 109.4 trillion...

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea...

SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic of Korea to reach a free trade agreement was launched in the South Korean capital of Seoul Tuesday and lasts until October 28. The two sides expressed readiness to advance...

Pyongyang should continue to build up its arsenal so that it can have the "overwhelming military muscle that no force in the world can provoke," the country's leader Kim Jong Un said, calling it the "lifeline guaranteeing the security of our country".

Pyongyang has launched nearly a dozen weapon tests this year in defiance of UN sanctions. However, long-range and nuclear tests such as the one conducted on Thursday have been paused since leader Kim Jong Un met then-US president Donald Trump for a bout of diplomacy that collapsed in 2019.

Iranian negotiator Bagheri made the comment during a meeting with Seoul’s Vice Foreign Minister Choi Jong-kun in Viena.

The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series of six inaugural events organized by its international office network to discuss expansion opportunities to the UAE capital. ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco...

Tehran threatens Seoul with legal action unless it releases more than $7 billion in funds for oil shipments. Iran was South Korea's third-largest Middle Eastern trade partner before the US unilaterally withdrew from a 2015 nuclear deal and reimposed crippling sanctions.