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The 2027 budget will rise 12.8% to 820.9 trillion won, and will include a 21.3 trillion won investment into semiconductors, physical AI and AI data centers.
President Lee Jae Myung has presented his record-breaking budget proposal for 2027, including major investments in AI and other tech.
OpenAI CEO Sam Altman made an unannounced visit to South Korea over the weekend, meeting with Samsung executives and reportedly SK Group executives.
The G20 foreign ministers’ meeting in the US is wrapping up two days of talks without agreement on several key global security issues. On the sidelines, US Secretary of State Marco Rubio signed an Arctic cooperation deal with Japan and South Korea and confirmed Washington’s participation in Riyadh’s World Expo in 2030. Meanwhile, European ministers confronted Russia’s Sergei Lavrov over the war in Ukraine and refused to join him for the traditional group photo. Jack Pownall reports.
The joint statement comes as US President Donald Trump seeks a new meeting with North Korean leader Kim Jong Un.
With ties between South Korea and the Trump administration strained, the South Korean government worries that Donald Trump's pursuit of a diplomatic breakthrough with Kim Jong Un may come at Seoul's expense.
With ties between South Korea and the Trump administration strained, the South Korean government worries that Donald Trump's pursuit of a diplomatic breakthrough with Kim Jong Un may come at Seoul's expense.
German diplomacy in Asia takes focus this week, as Chancellor Merz wraps up a three-country Asian business tour in South Korea. Meanwhile, President Steinmeier held talks with Xi Jinping in Beijing. DW has more.
German diplomacy in Asia was in focus this week, as Chancellor Merz wraps up a three-country Asian business tour in South Korea. Meanwhile, President Steinmeier is set to hold talks with Xi Jinping. DW has more.
North Korea has tested attack drones, cruise missiles and rocket launchers at a weapons demonstration, state media reported Friday, as Kim Jong Un called for faster development of military drone and artificial intelligence technology. The tests follow a series of weapons trials and rising tensions with South Korea.
Robert Moreno names captain Son Heung-min in South Korea's squad for Saudi Arabia and Qatar games despite rift rumours.
Germany's largest car maker reported third quarter losses of €5.8 billion as its major financial struggles continue. And Chancellor Friedrich Merz concludes his tour of Asia with a visit to South Korea. DW has more.
Germany's largest car maker reported third quarter losses of €5.8 billion as its major financial struggles continue. And Chancellor Friedrich Merz concludes his tour of Asia with a visit to South Korea. DW has more.
The latest ballistic missile launch comes amid rising border tensions with South Korea and uncertainty over potential nuclear talks with the US.
In shielding Europe's carmakers from Chinese rivals, the EU risks hurting close partners from Turkey and Morocco to Japan and South Korea. Billions in trade and hundreds of thousands of European jobs are at stake.
Chancellor Friedrich Merz will be meeting the leaders of Singapore, Japan and South Korea as Germany seeks to adjust its foreign policy to rising uncertainty and threats to global supply chains.
Asia's fourth-largest economy grows 3.4 percent year-on-year amid strong semiconductor demand.
Chancellor Friedrich Merz will be meeting the leaders of Singapore, Japan and South Korea as Germany seeks to adjust its foreign policy to rising uncertainty and threats to global supply chains.
South Korea blames Pyongyang for September landmine blast, but North Korea says incident a 'sinister obstructive move'.
North Korean leader Kim Jong Un has reportedly arrived in the Chinese border city of Dandong via a newly opened bridge linking the two countries, South Korea's Yonhap news agency said.
