More than 50 House Republicans sent a stark warning to South Korea this week, accusing the country's new left-wing government of systematically targeting American companies while shielding Chinese-backed competitors.
Investment firms Greenoaks and Altimeter announced that they are taking legal action against South Korea to protect U.S. businesses from what they believe are discriminatory and unfair trade practices.
South Korea has shuttered over 4,000 schools since 1980, the Education Ministry revealed this week, as the nation grapples with a catastrophic plunge in birth rates and plummeting student enrollment.
South Korean e-commerce giant Coupang, often dubbed the “Amazon of Korea,” has announced a $1.17 billion compensation plan following a massive data breach that exposed sensitive information of 34 million users.
South Korean President Lee Jae-myung used his address to the United Nations General Assembly on Tuesday to cast his nation’s modern history as evidence of the global body’s success and to call for renewed multilateral cooperation to confront a host of global challenges—from armed conflict to artificial intelligence. Lee also used the occasion to reaffirm his administration’s controversial stance of détente toward North Korea and to defend democratic gains at home following the removal of his predecessor.
