#South Korea

South Korea has approved a $1.6 billion project to build a reusable methane-powered rocket by 2034. The initiative, led by KASA, aims to support a 2032 lunar mission and establish the nation's competitive edge in the space industry.

South Korea's government is launching an emergency transport task force this week to counter a planned strike by KORAIL rail workers over pay and working conditions.

South Korea's ruling and opposition parties have agreed to launch a special counsel investigation into bribery allegations involving the Unification Church and politicians on both sides, signaling a rare moment of unity to tackle a growing political scandal.

Amid a spike in border crossings, South Korea's military has updated its internal rules for defining the Military Demarcation Line (MDL) to prevent accidental clashes with North Korea, officials said.

South Korea's ruling Democratic Party has introduced a bill for a special insurrection tribunal targeting former President Yoon Suk Yeol, triggering a constitutional crisis with the judiciary and opposition.

South Korea has launched a government-industry partnership to develop proprietary LNG cargo tank technology, aiming to reduce its dependence on foreign firms and cut trillions of won in licensing fees.

South Korea's Fair Trade Commission has instructed Korean Air to revise its Asiana Airlines mileage integration plan, part of the post-merger process. The order aims to protect consumer interests and ensure fair value.

South Korea's KEPCO is freezing Q1 2026 electricity rates to address its 206.2 trillion won debt, despite falling global energy prices that would otherwise warrant a rate cut.

A new FKI poll reveals 52% of South Korea's top companies expect a challenging 2026, citing a weak won and slow domestic demand. We analyze the risks and potential impact on the Korean economy and global investors.

South Korean startup Innospace is attempting the country's first private commercial orbital launch with its Hanbit-Nano rocket from Brazil after three delays. A success would be a major milestone for the nation's space industry.

South Korea's consumer agency has ordered SK Telecom to financially compensate 58 hacking victims, setting a key precedent for corporate liability in data breach cases.

South Korea reported its 16th highly pathogenic avian influenza case this season at a duck farm in Naju, South Jeolla Province. Authorities are implementing quarantine measures and planning mass inspections.