Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on South Korea Gazette.
South Korea’s special counsel wants to put formal leader in prison
MENAFN
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July 7, 2025
(MENAFN) South Korea’s special counsel investigating former President Yoon Suk-yeol’s brief imposition of martial law has formally requested a warrant to detain the ousted leader, a spokesperson for the investigation team announced Sunday. Cho...
Seoul Stocks Close Higher on Monday Amid Tariff Concerns
MENAFN
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July 7, 2025
(MENAFN) Seoul’s stock market edged higher Monday as investors closely monitored developments in trade negotiations with the United States ahead of the critical July 9 deadline set by President Donald Trump. Meanwhile, the Korean won weakened...
South Korea Reports Over 1M Business Closures in 2024
MENAFN
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July 6, 2025
(MENAFN) In a historic milestone, more than 1 million businesses in South Korea shuttered in 2024, marking the first time ever the nation has seen such a high number of closures, according to official data reported by media on Sunday. The retail...
Over One Million South Korean Businesses Close in 2024
MENAFN
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July 6, 2025
(MENAFN) In a historic development, more than 1 million business owners in South Korea shut down operations in 2024, according to a news agency, which referenced official government statistics on Sunday. This marks the first instance in the...
South Korea Offers Cash to Citizens
MENAFN
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July 6, 2025
(MENAFN) South Korea is rolling out a large-scale cash distribution program, offering what authorities are calling “consumption coupons” in an effort to stimulate domestic demand and breathe new life into the nation’s stagnant economy, according...
South Korea Conducts Emergency Water Assessments
MENAFN
·
July 5, 2025
(MENAFN) South Korea escalated environmental monitoring efforts Friday, conducting emergency water assessments following mounting allegations that North Korea has contaminated cross-border waterways with radioactive nuclear waste. Seoul's latest...
South Korea Faces Another Luxury Brand Cyber Attack
MENAFN
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July 5, 2025
(MENAFN) South Korea confronted another devastating cybersecurity breach Friday as luxury retailer Louis Vuitton joined an alarming wave of high-profile data compromises, while authorities simultaneously slapped penalties on a major telecom giant...
South Korean President Approval Rating Jumps to to 65 Percent
MENAFN
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July 5, 2025
(MENAFN) South Korean President Lee Jae Myung has seen his approval rating leap to 65%, according to a media poll released just as he enters his second month in office. The survey, conducted from July 1 to 3 among 1,001 adults, reflects growing...
South Korea's Parliament Passes Kim Min-seok’s as New PM
MENAFN
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July 3, 2025
(MENAFN) South Korea's National Assembly officially approved Kim Min-seok's appointment as prime minister on Thursday, with 173 lawmakers voting in favor, three opposing the motion, and three ballots deemed invalid. Kim, a seasoned four-term...
South Korea’s Imported Car Market Climbs in June
MENAFN
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July 3, 2025
(MENAFN) South Korea's imported car market saw a solid increase in sales during June, driven largely by strong demand for German luxury vehicles and U.S.-made electric cars, according to industry data released on Thursday. The number of imported...
South Korea’s Top Prosecutor Steps Down
MENAFN
·
July 1, 2025
(MENAFN) South Korea's Prosecutor General, Shim Woo-jung, has announced his resignation, approximately nine months after taking office in September of the previous year, according to multiple media outlets on Tuesday. Shim submitted his...
South Korean Court Prolongs Detention of Two Military Officials
MENAFN
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July 1, 2025
(MENAFN) A military court in South Korea extended the detention of two high-ranking military officials on Monday for their alleged involvement in former President Yoon Suk Yeol's brief attempt to impose martial law, media reported. The court in...
South Korean Military Court Extends Detention of Generals
MENAFN
·
July 1, 2025
(MENAFN) A military tribunal in Seoul on Monday prolonged the confinement of two senior South Korean military officers accused of involvement in former President Yoon Suk Yeol's brief martial law attempt, according to a news agency. The court...
Ex-South Korean PM, Industry Minister Interrogated Over Martial Law Bid
MENAFN
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July 2, 2025
(MENAFN) Former South Korean Prime Minister Han Duck-soo, alongside Industry Minister Ahn Duk-geun, appeared before a special prosecutor on Wednesday as part of an ongoing investigation into ex-President Yoon Suk Yeol's failed attempt to declare...
Ex-South Korea’s PM gets questioned over ex-leader martial law attempt
MENAFN
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July 2, 2025
(MENAFN) On Wednesday, South Korea’s former Prime Minister Han Duck-soo and current Industry Minister Ahn Duk-geun were summoned by a special prosecutor investigating ex-President Yoon Suk Yeol’s failed attempt to declare martial law last year,...
South Korea Lending Rates Drop for Sixth Month in May
MENAFN
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June 30, 2025
(MENAFN) South Korean bank lending rates declined for the sixth month in a row, driven by successive policy rate reductions, according to data released Monday by the Bank of Korea (BOK). In May, the weighted average interest rate on newly issued...
Utility and Kunwha E&C Partner to Launch Clean Hydrogen Projects in South Korea
EIN Presswire
·
July 1, 2025
Joint development agreement to deploy H2Gen® technology for carbon-negative hydrogen from biogas, supporting Korea’s Hydrogen Economy Roadmap HOUSTON, TX, UNITED STATES, July 1, 2025 /EINPresswire.com/ -- Utility, the off-gas-to-value company...
South Korea’s President Calls Malaysian, Indonesian Leaders
MENAFN
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June 29, 2025
(MENAFN) South Korean President Lee Jae Myung held individual phone conversations on Monday with Indonesian President Prabowo Subianto and Malaysian Prime Minister Anwar Ibrahim to exchange views on strengthening bilateral ties, as reported by a...
South Korea’s President Appoints Six Ministers, Two Senior Secretaries
MENAFN
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June 29, 2025
(MENAFN) South Korean President Lee Jae-myung, who assumed office on June 4, announced the appointment of six new ministers and two senior secretaries, the presidential office confirmed Sunday. Koo Yun-cheol, previously serving as vice finance...
Totoy Corp. Unveils Bold Vision to Redefine Kids’ Entertainment with A.I. and Heartfelt Storytelling
GlobeNewswire, Inc.
·
July 7, 2025
SEOUL, South Korea, July 07, 2025 (GLOBE NEWSWIRE) -- In a media landscape where children's attention is increasingly divided, Totoy Corp. is standing out as a transformative force. Founded in New York, the entertainment company behind the beloved...