South Korea

Singtel, KKR-owned STT GDC opens its first South Korean data centre to tap AI boom

30 MW facility will be jointly operated by STT GDC and Hyosung Heavy Industries

Starbucks Korea plans to overhaul marketing approval procedures.

Starbucks Korea to give staff history training after backlash over ‘Tank Day’ marketing campaign

The coffee chain faces widespread criticism in South Korea and suffers a “very significant” drop in sales after the campaign in May

The failed allocation disrupted plans by some Korea asset managers to add SpaceX shares through the offering.

South Korea watchdog probes brokerage over failed SpaceX IPO share allocation

The move comes after Mirae Asset failed to secure SpaceX shares despite accepting investor deposits

Yoon’s 2024 martial law order plunged South Korea into its deepest political turmoil in decades.

South Korea court sentences ex-president Yoon to 30-year jail term in drone case

The Seoul Central District Court finds him guilty of abuse of power and aiding the enemy

Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts, undetected for months.

South Korea fines Coupang record 624.7 billion won for data leak

The e-commerce giant is widely popular in the country and is based in the US

The Korean won remains one of Asia’s worst performers, down 5.8% this year, trailing only the Indonesian rupiah.

South Korea inspects major FX banks for destabilising won trades

Its Customs Service uncovers 415.4 billion won in illegal FX transactions at 38 firms between January and May

SK Hynix's share price has jumped 240% in 2026, and its market value has topped US$1 trillion since May.

South Korea’s SK Hynix eyes US listing as soon as August: sources

In March, a source has said the offering could raise as much as US$14 billion

Keppel's private fund has secured land in Ansan, within the Seoul Metropolitan Area, to develop the greenfield data centre.

Keppel enters South Korea’s data centre market with 60 MW greenfield project

It marks the second investment by its private fund, Keppel Data Centre Fund III

Han Seong-sook arrives at her temporary office to prepare for her parliamentary confirmation hearing on Jun 8.

South Korea names first female PM in decades to lead AI push

She would become the first woman to hold the post since former PM Han Myeong Sook in 2006

A sign showing the exchange rates of the won against other currencies. The South Korean currency has fallen more than 7.5% this year.

South Korea unveils measures to stem won slide, curb speculation

These include tighter scrutiny of offshore currency derivatives and probes into potentially illegal FX transactions