South Korea’s financial markets moved lower on March 13, 2026. The benchmark Korea Composite Stock Price Index (KOSPI) finished down 96.01 points, or 1.72%, at 5,487.24. The tech-heavy KOSDAQ rose 4.56 points to close at 1,152.96. In the foreign exchange market, the

South Korea has begun enforcing a nationwide oil price ceiling policy, taking effect from midnight on the 13th. President Lee Jae-myung announced on X that “from today we will fully implement the oil price ceiling” to help stabilize domestic fuel costs amid unsettled international markets. He asked citizens to report

A weekend weather forecast from the Korea Meteorological Administration says the entire country should see mostly cloudy conditions as a high-pressure system moves eastward along the northern East Sea. The result is a pronounced day-to-night temperature swing of about 15 degrees Celsius, with frost possible in inland areas early in

HD Hyundai Heavy Industries is moving to sell its Gunsan Shipyard to HJ Heavy Industries, with Eco Prime Marine Pacific signing a memorandum of understanding to transfer the yard’s assets. The deal, announced by HD Korea Shipbuilding & Marine Engineering, the group’s intermediate holding company, will proceed to

South Korea’s Prime Minister Kim Min-seok said he spoke with U.S. President Donald Trump for about 20 minutes on Korea-related issues during his Washington, D.C. visit. Kim told a gathering with Seoul’s correspondents at the Korean Cultural Center in Washington that a large portion of the

The leader of South Korea’s ruling People Power Party, Jang Dong-hyuk, said that “nominations are the lifeblood of fairness” as Seoul’s mayoral nomination process heads toward the June local elections with questions unresolved. He noted that Seoul Mayor Oh Se-hoon did not apply for the party’s additional

On December 13, 2024, Hong Ik-pyo, the Cheong Wa Dae senior secretary for political affairs, said an investigation by Korea’s broadcasting and communications regulator into Kim Eo-jun’s News Factory is likely to proceed. He called the allegations of a “deal to drop charges” tied to the show “extremely

Amid a widening war involving the United States, Israel and Iran, debris from an airstrike near Dubai’s International Financial Centre (DIFC) damaged an exterior wall of a DIFC building in Dubai’s financial district on the 13th local time. Officials said the interception was successful but provided no clear

The weekend weather in South Korea will feature notable temperature swings: inland areas start the day below freezing, but by afternoon most places will see highs above 10 C, with southern regions reaching around 15 C. After sunset, temperatures are expected to fall again. Air quality will be favorable today,

A consortium led by Samsung C&T and Hyundai Engineering & Construction, together with Greece’s Archirodon, has had its contract for a 12.5-kilometer underground tunnel in Saudi Arabia’s NEOM project terminated by the developer, NEOM Company. The work was to be carried out under NEOM’s