SOUTH KOREA
Goldman funds $600 million equity for Coca-Cola India unit sale
Goldman Sachs Asset Management has provided $600 million to Jubilant Bhartia Group through convertible preference shares, aiding their $1.5 billion acquisition of a 40% stake in Coca-Cola's Indian bottling unit. This investment, part of Goldman Sachs' private credit strategy, helps Jubilant avoid excessive debt while limiting equity dilution. Jubilant will fund the remaining amount through equity and debt.
US military's logistics drill aims to burnish East Asia crisis response
Amidst rising concerns over China's assertiveness, the U.S. Transportation Command (TRANSCOM) is set to conduct drills in East Asia this summer. Commander Randall Reed emphasized the importance of these exercises to enhance coordination and communication with allies, ensuring a swift response to crises.
FIFA World Cup 2026 Qualifiers: Jordan, Uzbekistan make history
The 2026 FIFA World Cup, hosted by the United States, Canada, and Mexico, expands to 48 teams, offering unprecedented global representation. Jordan and Uzbekistan mark historic debuts, while powerhouses like South Korea, Japan, and Iran secure their places. With UEFA qualifiers underway, European giants vie for spots in what promises to be a landmark tournament.
South Korea nears World Cup qualification as Uzbekistan targets historic first
South Korea is close to securing a spot in the 2026 FIFA World Cup with upcoming qualifiers against Iraq and Kuwait. Meanwhile, Uzbekistan could qualify for the first time with a result against the UAE. With Japan and Iran already through, four automatic AFC spots remain up for grabs
'Confidential informal affair': CPI-M MP John Brittas on meeting with EAM Jaishankar
An all-party delegation, after visiting five nations to bolster anti-terrorism efforts following Operation Sindoor, met with External Affairs Minister Jaishankar. The meeting, described as informal and confidential, involved sharing experiences and suggestions. Parliamentarians highlighted the need for reciprocal friendship associations abroad, with the minister assuring careful consideration of the issues raised, reinforcing India's commitment to regional security.
European shares edge higher ahead of ECB policy decision
European shares traded slightly higher on Thursday, supported by strength in automakers and industrial metal miners as investors awaited the European Central Bank's policy decision.
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PM Modi congratulates Lee Jae-myung on being elected South Korean president
Prime Minister Narendra Modi extended his congratulations to Lee Jae-myung on his election as the President of South Korea. Modi expressed his anticipation of collaborating with Lee to enhance the India-ROK Special Strategic Partnership. Lee Jae-myung's victory follows a period of political unrest initiated by the former leader Yoon Suk Yeol's brief imposition of martial law.
Moscow security chief in Pyongyang for talks with Kim Jong Un: Russian news agencies
Sergei Shoigu, a top Russian security official, is in Pyongyang. He will meet North Korean leader Kim Jong Un. Discussions will likely include the Ukraine situation. This is Shoigu's second visit in three months. Russia and North Korea have strengthened ties. Pyongyang has provided support to Moscow in the Ukraine conflict. Military cooperation aims to ensure regional stability.
South Korea New President: Know all about Lee Jae-myung’s rise from sweatshop worker to nation’s leader
Lee Jae-myung has been declared South Korea's new president after a snap election triggered by the impeachment of his predecessor. Lee's victory follows a career marked by overcoming adversity, from factory worker to lawyer, and a narrow defeat in the 2022 election. He now faces ambitious goals and ongoing legal challenges as he takes office amidst political turbulence.
Dollar edges down as trade tensions simmer ahead of jobs data
The dollar weakened as investors awaited United States job data. Trade talks involving President Trump are also in focus. A deadline for trade offers is set, alongside potential tariff hikes. Trump may speak with Chinese President Xi Jinping. Macroeconomic data influences the dollar. The Australian dollar remained steady before GDP data. South Korea's won rose after Lee Jae-myung's presidential win.
Nomura positive on India equities amidst global market shifts
Nomura maintains a structurally positive outlook on Indian equities due to its limited trade exposure and its position as a China+1 beneficiary. As US exceptionalism diminishes, India stands out in emerging markets. While tactically overweight on China, Nomura is neutral on South Korea and underweight on Taiwan, using the latter to fund its India and China positions.
South Korea election result: Who is Lee Jae-Myung? Meet newly elected President whose life matches K-drama thriller
Lawsuits, scandals, armed troops and a knife-wielding attacker all failed to deter 60-year-old Lee Jae-myung's ascendancy from sweatshop worker to the South Korean presidency.
South Korea's liberal opposition candidate Lee poised to win election as challenger concedes
Lee Jae-myung, the liberal opposition candidate, is projected to win South Korea's presidential election, prompting his conservative rival Kim Moon Soo to concede. Lee faces immediate challenges including US tariff policies and North Korea's nuclear program.
Five countries elected to UN Security Council for 2026/27
The UN General Assembly elected Bahrain, Colombia, Democratic Republic of the Congo, Latvia, and Liberia to the Security Council for two-year terms starting in 2026. These five nations will replace Algeria, Sierra Leone, South Korea, Guyana, and Slovenia. Annalena Baerbock, former German foreign minister, was also elected as president of the General Assembly for its upcoming 80th session.
South Koreans vote for new president in wake of Yoon's ouster over martial law
South Koreans are voting in a snap election triggered by the ouster of Yoon Suk Yeol. Lee Jae-myung, the liberal front-runner, is expected to win amid public frustration over Yoon's actions. The new president will face challenges including a slowing economy, Trump's trade policies, and North Korea's nuclear threats, requiring careful navigation of domestic and international affairs.
South Korea President election 2025 results date, winner: Who is winning the Presidential polls?
South Korea President election 2025 is being held and with results are likely to be announced othis week.
Every text watched, every word changed: Inside Kim Jong Un’s phone surveillance network
A smuggled North Korean smartphone has exposed how tightly the regime monitors and censors its citizens. According to a BBC report, the device blocks South Korean language, autocorrects phrases like “Oppa” to “Comrade,” and secretly takes screenshots every five minutes. These images are stored in hidden folders only accessible to state authorities. Radios and phones are sealed against modification, with any exposure to foreign culture seen as a crime. Testimonies from defectors show increasing repression under Kim Jong Un's leadership.
Sexagenarian South Korea man sets fire in Seoul subway as he was angry at divorce suit outcome
Subway services between Yeouido and Aeogae stations were suspended for a while before resuming at 10:06 a.m. Earlier in the day, South Korean Police apprehended the accused.
North Korea’s arsenal fuels Russia’s war: Secret arms, troop deployments, and sanctions defied
A new report reveals North Korea's extensive military support for Russia's war in Ukraine, providing munitions, artillery, and troops. This partnership, formalized by a mutual defense treaty, involves Russia supplying North Korea with military technology and refined petroleum. Defying international sanctions, this alliance reshapes the conflict and poses challenges to global security.
South Korean navy patrol plane crashes in country's south
A South Korean navy plane crashed near Pohang during a training exercise. The P-3C patrol aircraft had four crew members on board. Authorities are currently investigating the fate of the crew. The cause of the crash remains unknown. Rescue workers and fire trucks were dispatched to the site. There were no reports of civilian casualties.
How Japan is getting ready for World War 3
Amid rising regional tensions with North Korea and China, Japan is bolstering its defense capabilities. The nation plans to double its underground bomb shelters, fortifying them with steel-reinforced concrete and essential supplies. Japan is also engaging in joint military exercises with the United States, the Philippines, and South Korea to enhance its readiness.
Seoul slaps travel bans on two former acting presidents: Yonhap
South Korean authorities have imposed travel bans on two former acting presidents as part of an investigation into ex-leader Yoon Suk Yeol's December martial law bid, Yonhap news agency said Tuesday. If found guilty, Yoon would become the third South Korean president to be found guilty of insurrection -- after two military leaders in connection with a 1979 coup.
Global community must adopt zero-tolerance towards terror funding: Hemang Joshi
An all-party Indian delegation, led by JD(U) MP Sanjay Jha, visited South Korea to advocate for stronger international support against terrorism, particularly from the UNSC and FATF. The delegation engaged with South Korean leaders, business figures, and the Indian diaspora to counter misinformation and strengthen bilateral ties.
North Korea's Kim Jong Un could execute four officials over failed naval destroyer launch — here are their names
North Korea's new navy ship launch went away. The ship leaned and got stuck, and now top leaders are in big trouble. Kim Jong Un is upset and wants it fixed fast, but experts say that could be risky.
World mustn’t ignore Pakistan’s terror trail from 9/11 to Pahalgam: Abhishek Banerjee in South Korea
Trinamool Congress MP Abhishek Banerjee has cautioned the international community about Pakistan’s continued support for terrorism, describing it as a global threat. He cited multiple terror attacks linked to Pakistan and urged greater vigilance and action. Banerjee asserted that supporting Pakistan amounts to supporting terrorism, calling for global accountability and reaffirming India’s firm stance against it.
OpenAI to open office in Seoul amid growing demand for ChatGPT
OpenAI has also begun hiring staff to support partnerships with the country and expects to announce further details on this in coming months, the company said. "Korea's full-stack AI ecosystem makes it one of the most promising markets in the world for meaningful AI impact, from silicon to software, and students to seniors," chief strategy officer Jason Kwon said in a statement.
South Korea presidential candidate Lee Jae-myung says to restore hotline with North Korea
South Korea's presidential candidate Lee Jae-myung pledged to restore communication with North Korea, including a military hotline, if elected. He also aims to improve relations with China, which he believes deteriorated under the previous administration. Lee vowed to strengthen the U.S.-South Korea alliance and address historical issues with Japan while promoting trilateral cooperation.
South Korea's defence ministry says no talks held with US on troop withdrawal
South Korea's defense ministry refuted a Wall Street Journal report suggesting the U.S. might withdraw approximately 4,500 troops. While Seoul denies discussions on troop reduction, the U.S. may consider relocating forces to other Indo-Pacific locations like Guam. South Korea affirms continued defense cooperation with the U.S. to deter North Korea, despite potential cost-sharing discussions linked to trade negotiations.
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