South Korean workers manufacturing chips for Samsung Electronics are set to vote on a pay deal that could see some of them receive $416,000 in bonuses.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
South Korea’s Samsung Electronics is facing its largest potential labour action in years, with tens of thousands of workers preparing for a prolonged strike over bonuses and profit-sharing at a time when the company is benefiting from a global artificial intelligence (AI) driven chip boom.
Samsung Electronics' union plans for 48,000 workers to walk off the job on Thursday (21 May) after efforts to clinch a deal on bonus payments fell through, threatening the health of South Korea's economy and the global supply of semiconductors.
Uzbekistan has reported new fraud cases linked to employment in South Korea as investigators continue examining a wider migration corruption scheme estimated to have caused up to $90 million in losses.
North Korean leader Kim Jong Un said plans to strengthen frontline units on the border with South Korea, as well as other major units, were key to "more thoroughly deterring war," state media KCNA reported on Monday.
Samsung Electronics and its labour union commenced high-stakes talks on Monday (18 May) in a last-ditch bid to avert what would be the biggest strike in the tech giant's history.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
British pop star Dua Lipa has filed a lawsuit against South Korean tech giant Samsung Electronics, seeking at least $15 million in damages over allegations that her image was used without permission to promote television sets.
A South Korean appeals court on Thursday reduced former Prime Minister Han Duck-soo’s prison sentence from 23 years to 15 years over his role in ex-President Yoon Suk Yeol’s brief imposition of martial law in 2024.
Hundreds of young people in South Korea have gathered in Seoul to take part in a city-backed “power nap contest”, aimed at drawing attention to the country’s chronic sleep deprivation.
SoutSouth Korea’s national data protection agency said on Thursday it had imposed a significant fine on matchmaking service Duo following a cybersecurity failure that led to the leak of highly sensitive personal information.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
South Korean President Lee Jae Myung begins crucial bilateral talks with Indian Prime Minister Narendra Modi in New Delhi on Monday, marking the first South Korean state visit to India in eight years.
North Korea fired ballistic missiles towards the sea off its eastern coast on Sunday (19 April), accelerating its weapons tests amid heightened regional tensions linked to the Iran war and renewed diplomatic signals toward the United States and South Korea.
South Korea will import 18 million barrels of Kazakh oil via routes bypassing the Strait of Hormuz, as it seeks to shield its energy supply from mounting instability in the Middle East.
South Korea is close to finalising an agreement to import crude oil from Kazakhstan, according to Industry Minister Kim Jung-kwan, as the country seeks to diversify its energy supplies amid disruptions in the Middle East, he said on Sunday, 12 April, according to Reuters.
North Korea fired multiple ballistic missiles towards its east coast on Wednesday (8 April), South Korea’s military said, in a fresh show of force that underscored rising tensions despite brief signs of a possible thaw between the two sides.
South Korea is seeking alternative oil supplies from Kazakhstan as disruptions in the Strait of Hormuz expose its reliance on Middle Eastern energy routes.
In an urgent response to escalating global energy instability, South Korean Presidential Chief of Staff Kang Hoon-sik announced on Tuesday that he will embark on a high-stakes diplomatic tour to Kazakhstan, Oman, and Saudi Arabia.
South Korea has welcomed a rare conciliatory response from North Korea, calling it a “meaningful step” towards easing military tensions on the Korean peninsula.
France and South Korea have agreed to strengthen defence ties and energy security cooperation following a two-day visit by French President Emmanuel Macron to Seoul.
The European Broadcasting Union and global entertainment company Voxovation have announced that the first-ever Eurovision Song Contest Asia will take place in 2026, with Bangkok selected to host the inaugural edition.
South Korean pop sensation BTS, one of the world’s biggest music acts known for their record-breaking albums, global tours and devoted fanbase ARMY, will return to the spotlight in a new documentary, BTS: THE RETURN, premiering globally on Netflix on 27 March.
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