The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked markets and gummed up supply chains for months.

US President Donald Trump embarks on a major trip to Asia this week with all eyes on a meeting with Chinese leader Xi Jinping that has huge implications for the global economy.

Geneva, Switzerland -- Nations must resolve the global plastics crisis, the head of UN talks told negotiators from 180 countries gathered in Geneva on Tuesday to forge a landmark treaty on eliminating the life-threatening waste. "We are facing a global crisis," Ecuadoran diplomat Luis Vayas Valdivieso said at the start...

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war.

Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP.

Yoon is under investigation for his martial law declaration and faces criminal charges of insurrection, which could result in life imprisonment or even the death penalty.

#South #Korean police raided President #Yoon Suk #Yeol's office as part of the investigation into his declaration of #martial law. his Second impeachment vote is set for Saturday

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.

Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing a self-imposed deadline, and agreed to extend their talks. For a week, delegates from nearly 200 nations meeting in South Korea have wrestled with how to stop millions of tonnes...

Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production of microchips used for artificial intelligence servers. The world's largest memory chip maker issued a rare apology in October, acknowledging it was facing a "crisis" and that questions had arisen...

The layoffs could affect about 10 percent of the workforce.

President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest economy. During Seoul's President Yoon Suk Yeol's visit to the country last year, the UAE said it would invest $30 billion in South Korea.

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...

It will collaborate with Abu Dhabi Investment Office.

Dubai, UAE--South Korea has pressed for boosting cooperation with the UAE in the field of advanced technology and artificial intelligence (AI) to enable digital government. This was stated by Dr. Koh Jean, Chairman of the Presidential Committee on the Digital Platform Government in the Republic of Korea, on the sidelines...

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in an ambitious mission to improve the models that help to forecast and fight air pollution. Millions of deaths each year are linked to air pollution, and improving the ability to identify its...

Doha, Qatar - An Asian Cup full of late goals and surprises reaches a climax on Saturday when hosts and holders Qatar face a Jordan side looking to make yet more history. The 88,000-capacity Lusail Stadium, where Lionel Messi's Argentina beat France in the World Cup final 14 months ago, will...

The North Korean leader has in recent weeks declared South Korea his country's "principal enemy", jettisoned agencies dedicated to reunification and outreach, and threatened war as he hailed the test launch of a new strategic cruise missile from a submarine, calling it a key moment in the development of the...

The company said it posted a net profit of US$227.4 million.

Tokyo, Japan - After a brief awakening, Japan's Moon lander is out of action again but will resume its mission if it survives the two-week lunar night, the space agency said Thursday. The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its...

Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout in the team's Asian Cup exit was "completely unacceptable". The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in...

Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice of a team who have battled the odds to reach the Asian Cup knockout rounds for the first time. The 30-year-old captain will be the man his team look to...

RIYADH, SAUDI ARABIA - The Ministry of Environment, Water and Agriculture witnessed the signing of a memorandum of understanding (MoU) between Al Jouf Agricultural Development Company (JADCO) and E Green Global (EGG) of the Republic of Korea. The agreement involves the transfer and localization of potato seed production techniques in...

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...

Doha, Qatar - Roberto Mancini said on Wednesday that Saudi Arabia fear no team at the Asian Cup and will not try to duck out of a potential last-16 clash with South Korea. The Saudis have already qualified for the knockout rounds after two wins in Qatar and will top Group...

Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States or South Korea. The collapse of the Singapore-based firm's TerraUSD and Luna wiped out around $40bn in investments and caused wider losses in the global crypto market estimated at more...

Doha, Qatar - Aymen Hussein scored two first-half headers as Iraq stunned Asian Cup favorites Japan 2-1 on Friday to reach the knockout rounds. It was Japan's first Asian Cup group-stage defeat in 26 matches and set them on a potential collision course with South Korea in the last 16 in...

The 24 teams spanning Australia to Palestine will battle for regional glory over the next four weeks, culminating in the final at the 88,000-capacity Lusail Stadium on February 10.

North Korean leader Kim Jong Un at a meeting with the country's major commanding officers in Pyongyang on New Year's Eve said that if in his words the enemy initiated military confrontation and provocation against the DPRK, our army should deal a deadly blow to thoroughly annihilate them by mobilizing...

"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...

Seoul, South Korea--South Korea's exports of eco-friendly vehicles surged 32.5 percent year-on-year to a record high during the first 11 months of 2023, due to solid global demand for electric vehicles (EVs), Yonhap News Agency reported on Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the...

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...

Paris, France - Asian countries dominated the top spots in a keenly watched survey of education capabilities published Tuesday, while levels in Europe slipped at a record pace -- and not just because of Covid. However, the report also showed that students in top performing countries were not necessarily happier. The...

Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...

Seoul, South Korea - Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry. Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the...

The company's third-quarter profit was well above the first quarter's 640 billion.

The pact aims at establishing advanced digital solutions.

RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here. The MoUs were signed by both government and private entities. Government agencies signed four MoUs with the private sector in areas such as real estate development, automotive, and water. President...

Baghdad, Iraq - Saudi banks have offered to fund Iraq's largest housing project, which was previously stalled by South Korea's Hanwha Company due to a financial dispute with the Iraqi government, the official Iraqi daily Alsabah reported on Thursday.  The Bismaya project had already seen the construction of approximately 30,000...

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum of Understanding (MoU) with South Korea to enhance their bilateral air transport relations. This MoU includes an agreement to increase the number of national carrier flights between the two countries...

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...

Dubai, UAE--The UAE will sign six new comprehensive economic partnership agreements (CEPA) with South Korea, Thailand, Chile, Costa Rica, Colombia, and Ukraine over the next few months. This was revealed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, during a press conference to announce the...

Riyadh, Saudi Arabia-- Saudi Arabia and South Korea have pledged to strengthen cooperation in various fields. According to a press statement released by the office of South Korea's President Yoon Suk Yeol, the boosting of ties between the two countries was discussed in a telephone call between the president and...

Abu Dhabi, UAE -- Top executives from South Korean companies have affirmed that numerous firms are actively looking to expand and inject new investments into the UAE's oil and gas sector, noting that the UAE is attracting capital seeking unprecedented growth and prosperity opportunities worldwide. In statements to Emirates News...

Seoul, South Korea--QatarEnergy has signed US$3.90 billion worth agreement with Korea's HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal marks the start of the second phase of QatarEnergy's LNG ship acquisition program, which will support its expanding LNG production capacity from the North...