Korea

• CNN has launched a new four-part Original Series titled “K-Everything,” hosted and executive produced by Daniel Dae Kim, which premiered on May 9 via CNN International and HBO Max. • The series explores South Korea's rapid cultural ascent across four key pillars—music, film, food, and beauty—examining how the industry evolved from strict censorship to global acclaim. • By interviewing celebrated creators, the show analyzes the specific storytelling themes that have allowed Korean media to break streaming records and win Academy Awards.

The ‘Tank Day’ event has been described as ‘malicious mockery’ of a deadly crackdown on pro-democracy protestersThe chief executive of Starbucks in South Korea has been fired after the company ran a promotional event using slogans that evoked a massacre of pro-democracy protesters during the country’s dictatorship era, sparking outrage and boycott calls.The coffee chain launched a “Tank Day” campaign on 18 May for its “Tank” tumbler series. The date coincides with one of the most politically sensitive days in South Korea’s calendar, when citizens commemorate the 1980 democratisation movement in Gwangju, 167 miles (270km) south-west of Seoul. Continue reading...

• South Korea coach Hong Myung-bo named a 26-man squad on Saturday, with Son Heung-min set for his fourth World Cup appearance as the team’s leading star. • ESPN reported that the veteran forward will again anchor South Korea’s attack, underlining his central role in the national side’s tournament plans. • The squad announcement matters because South Korea are expected to rely heavily on experienced players as they prepare for the global showpiece.

Naegohyang FC due to play Suwon FC in semi-final of Asian Women’s Champions League on WednesdayA North Korean women’s football club has arrived in South Korea for an AFC Women’s Champions League semi-final, marking the first visit by athletes from the isolated state to the South in eight years.The delegation of 27 players and 12 staff entered the country on Sunday before Wednesday’s match between Naegohyang FC and South Korea’s Suwon FC Women in Suwon. Continue reading...

• North Korean state-sponsored hackers are deploying AI tools to scan and exploit cybersecurity blind spots in target networks, according to a new Google cybersecurity report. • The report details how these actors use generative AI for reconnaissance, automating vulnerability discovery at scale beyond traditional manual methods. • This development underscores AI's dual role as both a defensive asset for cybersecurity firms and an offensive weapon for nation-state adversaries.

• South Korea is preparing new measures to counter AI-powered cyberattacks after concerns raised by Anthropic’s Claude Mythos Preview, according to a May 13 cybersecurity roundup. • The reported policy response reflects rising fears that advanced AI tools could lower the barrier for phishing, malware development, and automated intrusion attempts. • The issue matters because South Korea is a highly digitized economy with major exposure across government, telecom, finance, and manufacturing networks.

• South Korea's Kospi index plummeted as much as 3.2% early on May 13 due to Samsung Electronics failing to reach a pay deal with its union, but rebounded sharply 2.6% to close at a record 7,708-7,844. • The recovery was aided by government efforts to manage the labor situation and broader AI optimism reviving market sentiment despite US inflation data and Iran tensions. • This standout performance contrasted with mixed regional moves, highlighting Korea's volatility amid corporate labor issues and tech sector strength.

• Global hedge funds ramped up investments in Asia, with weekly buying of South Korean, Japanese, and Taiwanese stocks reaching a 10-year high for the week ending May 7, according to a Morgan Stanley report. • The surge, the heaviest in over a decade in notional terms, was driven by clients across all regions and strategies targeting Asia's technology sector amid the AI boom. • Hedge funds' net exposure to Japan, South Korea, and Taiwan has risen to its highest since 2010, now at about 19% of global positioning, focusing on semiconductors and hardware in the AI supply chain.

• North Korea crushed Thailand 6-0 in the quarterfinals on May 11 at Taihu Football Sports Center in Suzhou, China, maintaining a perfect record of 4 matches, 27 goals scored, and 0 conceded. • Defending champions North Korea now face China in the semifinals on May 14, with the winner advancing to the final on May 17 at Suzhou Sports Center Stadium. • Their dominant run, dubbed 'scary' by observers, positions them as favorites for a World Cup spot and showcases their youth team's offensive prowess.

• Japanese Prime Minister is eyeing a visit to South Korea around May 19-20, 2026, for summit talks, according to sources cited in Asia Daily on May 11. • The trip aims to strengthen Japan-South Korea relations amid regional security challenges in East Asia. • This follows recent joint military drills involving Japan, U.S., and U.K. paratroopers, signaling deeper defense cooperation.

• iShares MSCI South Korea ETF and iShares MSCI Taiwan ETF have risen 239% and 96% respectively over the past 12 months amid AI mania. • South Korea's KOSPI index hit a record 7,899.32 on Monday with a 4% surge, while Taiwan's TAIEX closed above 42,000 for the first time last week. • Goldman Sachs forecasts South Korea's GDP growth at 2.5% in 2026 with AI-related exports tripling to nearly 30% of GDP; Taiwan's GDP expected to accelerate to 10% with similar export rises.

• President Trump departs Washington on Monday for a key Asia trip, stopping in Japan and South Korea before a two-day summit with China's President Xi Jinping. • The itinerary focuses on diplomatic engagements amid heightened U.S.-China tensions and regional security concerns. • Discussions are expected to cover trade, security alliances, and bilateral relations during the high-stakes visits.

• Asia-focused ETFs representing Japan, China, South Korea, and Taiwan are outperforming in 2026, driven by a structural re-rating of Asian growth prospects as global investors seek alternatives to high-valuation U.S. mega-cap technology stocks. • Semiconductor and hardware infrastructure sectors are the primary beneficiaries of ongoing global AI expansion, with integrated supply chains across Japan, Taiwan, and South Korea attracting significant catch-up trades from international investors. • A broader stabilization in the U.S. dollar is acting as a tailwind for developed and emerging Asian equities, reducing the cost of dollar-denominated debt for regional corporations and improving competitive positioning.

• South Korea's Kospi index surged 78% year-to-date, with Taiwan shares among the world's top performers this month as investors redirect capital flows to Asian equities for the next leg of the global rally. • Morgan Stanley forecasts Asia's fixed asset investment will jump from $11 trillion in 2025 to $16 trillion by 2030, driven by AI infrastructure, energy security, and defense spending reshaping the region's industrial cycle. • Semiconductor giants Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing Co. are key beneficiaries, with implied volatility for Taiwan and Korea climbing to peak levels versus the S&P 500 as option costs rise amid investor enthusiasm.

• Shares in South Korea and Taiwan have rallied the most globally this month, with South Korea's Kospi index surging 78% year-to-date amid optimism for tech-driven gains. • Traders are positioning for Asia's technology leaders to lead the next phase of the worldwide stocks rally, focusing on semiconductor and electronics firms in these markets. • The outperformance underscores Asia's pivotal role in global equities, potentially sustaining momentum if U.S. and European markets stabilize.

• On May 7, 2026, South Korea’s Ministry of Science and ICT announced the formation of a national AI supercomputing grid, integrating 16 existing data centers into a unified platform with total processing capacity of more than 40 exaFLOPS. • The grid, funded with ₩12 trillion (about $9 billion), will provide subsidized compute access to domestic startups, universities, and automakers, with particular emphasis on training Korean‑language LLMs and autonomous‑driving models. • Seoul positions the grid as a counterweight to China’s state‑backed AI clusters and U.S. hyperscalers, while also tightening export controls on high‑end GPUs integrated into the network.

• Conservative opposition leader Han Dong-hoon on May 8, 2026, launched a fierce attack against progressive President Lee Jae-myung and his ruling Democratic Party. • He criticized the government's aggressive legal campaigns using special counsels against former President Yoon Suk-yeol and associates. • Key Democratic Party plans include dissolving the prosecution service and expanding the Supreme Court bench massively to consolidate judicial influence.

• The Asian Football Confederation (AFC) hopes to keep politics separate from sports when women's clubs from North and South Korea face off in the AFC Women's Champions League semifinals on May 20 at Suwon Stadium, 30 km south of Seoul. • The match is scheduled for 7 p.m. local time, pitting the two Korean teams against each other in a high-stakes encounter. • AFC officials emphasized maintaining focus on football amid historical tensions between the divided nations.

Advertised prices for new rental listings rising at fastest pace since October 2024. Follow updates Get our breaking news email, free app or daily news podcastAustralia’s housing market is at its slowest for almost 18 months as buyers stick to cheaper properties and abandon interest in the top end of the market.Figures today from the data firm Cotality show Melbourne and Sydney house prices fell 0.6% in April. Melbourne’s home values have now fallen 1.9% since November, with Sydney’s down 1%. Continue reading...

Leader mentions for first time lengths to which troops go to avoid falling into enemy hands while fighting for RussiaKim Jong-un has praised North Korean soldiers who blew themselves up with grenades in order to avoid capture while fighting Ukrainian forces in Russia’s western Kursk region, confirming the existence of the extreme battlefield policy.Mounting evidence, including from intelligence reports and testimonies of defectors, has indicated North Korean soldiers are explicitly told to resort to self-detonation or other forms of suicide to avoid falling into enemy hands. Continue reading...

The Seoul High Court found Kim Keon Hee guilty of manipulating the share price of Deutsch Motors, a South Korean car dealer, which it ruled a "collusive ... trading act constituting market manipulation".

In January, Kim Keon Hee was sentenced to 20 months for accepting gifts from the Unification Church, which sought political favors. (Image credit: Ahn Young-joon)

Regime used its isolation after closing borders to escalate killings when global scrutiny disappeared, NGO claimsNorth Korea dramatically increased its use of the death penalty after closing its borders during the Covid-19 pandemic, using its isolation to escalate killings when international scrutiny disappeared, according to a report mapping 13 years of executions under the country’s leader, Kim Jong-un.The number of documented cases of executions and death sentences increased by 117% in the nearly five years after North Korea sealed its borders in January 2020 compared with an equal period before the closure, according to a report by the Transitional Justice Working Group (TJWG), a human rights NGO in Seoul. Continue reading...

• North Korea launched multiple ballistic missiles into the Sea of Japan on Monday, prompting immediate condemnation from Seoul and Washington amid escalating tensions on the Korean Peninsula. • South Korea's military detected at least three missile launches, with analysts assessing the tests as part of Pyongyang's ongoing weapons development program. • The U.S. State Department condemned the launches as destabilizing and reiterated its commitment to defending South Korea and Japan through extended deterrence.

Foreign affairs minister begins another diplomatic tour to secure Australia’s fuel and energy supply chains. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, Nick Visser here to guide you through the day’s news. Here’s what’s on deck:The foreign minister, Penny Wong, will travel to Japan today, part of a diplomatic trip to secure fuel supplies that will also include visits to China and South Korea. She said the effort will help “ensure Australia is prioritised as a reliable energy partner”. Continue reading...

• North Korea has deployed an additional 10,000 troops to support Russian forces in Ukraine, escalating foreign involvement in the conflict as fighting intensifies along multiple fronts. • South Korean intelligence reports indicate the troops are equipped with advanced weaponry and are positioned in the Kursk region; this represents a significant expansion of Pyongyang's military commitment to Moscow. • The deployment raises concerns among US and allied officials about the global implications of expanding proxy conflicts and potential technology transfers between Russia and North Korea.

• North Korean-linked hackers executed a $290 million cryptocurrency theft from Kelp DAO, marking the largest digital asset heist of the year and demonstrating persistent threats to blockchain platforms. • The attack underscores vulnerabilities in decentralized finance infrastructure and the sophistication of state-sponsored cybercriminal operations targeting crypto assets. • Security experts warn of escalating coordination between criminal groups and nation-state actors targeting high-value cryptocurrency holdings globally.

One pilot ordered to repay some of the $600,000 of damage caused by collision in 2021South Korea’s air force has apologised for a 2021 mid-air collision involving two fighter jets, a day after auditors said pilots were taking selfies and filming during the flight and held them responsible for the accident.“We sincerely apologise to the public for the concern caused by the accident that occurred in 2021,” an air force spokesperson said in a press briefing. The spokesperson said one of the pilots involved had been suspended from flying duties, received severe disciplinary action and has since left the military. Continue reading...