South Korea’s export, manufacturing hit as truckers’ strike enters seventh day
13 June 2022 | 11:51 am
The industry association representing 32 petrochemical companies in South Korea said the average daily ex-factory shipments of their member companies had plunged by 90% due to the strike, now in its seventh day. The 22,000-strong union is protesting against soaring fuel prices and demanding minimum pay guarantees.
6 Jul 2022
President Yoon Suk-yeol is going all in on nuclear power, both at home and abroad, marking a shift from his predecessor's undecided approach.
20 Jul 2022
The Quad Leaders' meeting came at the end of Joe Biden's first trip to Asia as President. The rivalry with China still defines US policy in the region and Biden made it a point to visit two of the US's oldest security allies in the region, Japan and South Korea.
23 Jul 2022
The plan, brokered by the United Nations and Turkey, allows Ukrainian ports to restart grain exports. A monthslong Russian blockade has pushed prices higher and threatened global food shortages.
4 Aug 2022
US Speaker of the House Nancy Pelosi is in Seoul to meet with political leaders. Pelosi was said to have planned a visit to the demilitarized zone (DMZ) on the border with North Korea.
Seoul and Washington turn away from a policy of detente with Pyongyang with the largest joint exercises in four years as China and Russia engage in their own displays of force.
Seoul's new conservative government made the offer amid strained relations with Pyongyang over its missile tests. The last reunions were held in 2018.
The new all-girl pop group NewJeans is being criticized for sexually suggestive lyrics. The group's management agency insists some of the lyrics are being deliberately misinterpreted.
Each country fired two ground-to-air missiles in a show of strength after North Korea conducted its farthest-ever missile test, which caused evacuations in Japan.
An index measuring China's semiconductor firms tumbled nearly 6%, and Shanghai's tech-focused board STAR Market declined 3.6%. The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s.
Under a 2019 revision of the law, globally recognized K-pop stars were allowed to put off their service until 30. Military service is hugely controversial in South Korea where all able-bodied men aged between 18 and 28 must fulfil their duties as part of efforts to defend against nuclear-armed North Korea.
President Han Duck-soo said the government would carry out a "thorough investigation" as the casualty count continued to climb overnight. A 561-member task force will interview witnesses to the tragedy.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
1 day ago
The International Monetary Fund has raised its forecasts for the global economy for 2023, stating that growth has been “surprisingly resilient". However, it also said the UK is likely to be the only leading economy to head into recession in 2023.
1 day ago
Heavy rainfall that followed the landfall of Tropical Storm Cheneso in Madagascar has killed 16 people and left 17 missing, the government's Office for Risk and Disaster Management said.
1 day ago
The Lunar New Year is a huge holiday in China, but also in other Asian countries like Korea and Vietnam. More than one billion people will be celebrating the event, which begins on January 22. For most, it's the Year of the Rabbit but in Vietnam, people will mark the Year of the Cat.
1 day ago
The International Monetary Fund has given a brighter outlook in its latest report than in October, predicting that inflation will slow. It said that European economies had shown more resilience than expected.