South Korea

The Agency for Koreans Abroad (OKA) wants to attract overseas Koreans, officially around seven million in 2025, 66 per cent of whom are now citizens of their country of residence. A support centre for overseas Korean start-ups is also under consideration.

Some 16 new products tied to the performance of Samsung and SK Hynix shares are raising concerns. Launched at the end of May to capitalise on the demand for artificial intelligence, in just a few weeks they are dangerously amplifying price volatility on the local stock exchange, with risks for small investors.

During a meeting with Cardinal Lazzaro You Heung-sik, the mayor of the coastal town invited Pope Leo XIV to the Solmoe Shrine in the “cradle of Korean Catholicism”. St Andrew Kim Taegon and his companions are among the patron saints of the event. An agreement has been reached between the Seoul 2027 WYD Foundation and the South Korean public broadcaster KBS for the international broadcast of the event.

With Japan’s elimination in the round of 16 – the only team to have progressed beyond the group stage – the continent now has no teams left in the competition. The stark contrast with Africa and the wave of resignations, from South Korea to Saudi Arabia. The case of Iran, which remained unbeaten but was eliminated on goal difference (and due to hostile politics). The players’ message: “May peace and friendship prevail”.

The pontiff received the South Korean president in audience this morning. Yesterday, in the Basilica of Saint Paul Outside the Walls, Lee spoke at the Mass for Peace promoted by the Korean community. For the South Korean leader, despite the difficulties, “the ember of hope” for an agreement with Pyongyang “is still alive.” Cardinal You laments that “The Korean Peninsula still bears the wounds of division,” but adds: “We can never give up on peace”.

From the FIFA Peace Prize to Trump to short-term visas for Iranian players, the 2026 edition will be the biggest with 48 teams and 104 matches, but also very controversial. Nine Asian teams will take part, with two newcomers: Jordan and Uzbekistan. The hopes of a continent rest with South Korea and Japan. Despite billions invested in football, China failed to qualify.

With advance polling open today and tomorrow, the 3 June elections are already underway, the first test for the incumbent president elected a year ago after his predecessor’s attempt to impose martial law. In the capital, conservative incumbent Mayor Oh is seeking a fifth term, but is feeling the heat from his challenger Chong. Housing is the hot issue in this election campaign.

Tensions are rising around Samsung Electronics in South Korea. Some 48,000 workers are set to go on strike for 18 days after negotiations with the company over semiconductor profits fail. The government wants to avoid repercussions on the domestic and global economies, reopening the debate on its controversial special powers in such cases.

Kim Yong-beom, President Lee's chief of staff for policy, calls for sharing excess tax revenue from business giants like Samsung and SK hynix, generated by global chip demand. The proposal was inspired by Norway's sovereign wealth fund based on oil revenues. Kim warns that without it, inequality will worsen. After markets react negatively to the proposal, presidential office says Kim’s views are personal.

The Seoul Welfare Foundation is launching a digital transformation programme in six facilities, introducing artificial intelligence and robotic assistance to reduce staff workload and improve elderly safety. The initiative is part of South Korea's broader effort to address its aging population and growing shortage of caregivers.

A trade union is threatening an 18-day production stoppage if its demand for bonuses proportional to the group’s record revenues is not met. The production halt would create a shortfall of nearly $700 million. President Lee calls on workers and trade unions to act “responsibly” against excessive demands and urges greater “solidarity”.

The meeting between North Korea’s leader and Belarus’s Lukashenko marks a new course. The North Korean regime is managing its isolation as a strategic resource rather than simply enduring it. Pyongyang is choosing its interlocutors, building relationships, and using the diversification of its partners as a tool to maintain its autonomy from Beijing and Moscow with a growing focus on Southeast Asia at the expense of South Korea.