Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on Seoul Daily Journal.
South Korea’s Economy Slides Amid Tariff Concerns
MENAFN
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July 8, 2025
(MENAFN) South Korea’s economy continues to struggle, dragged down by sluggish domestic demand and escalating external risks linked to the United States’ “aggressive” tariff stance, according to a state-run think tank’s report released Tuesday....
South Korean Household Surplus Funds Climb for Third Quarter
MENAFN
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July 8, 2025
(MENAFN) South Korean household surplus funds climbed for the third consecutive quarter, driven by increased deposits and securities holdings, Bank of Korea (BOK) data revealed Tuesday. Net surplus funds—calculated as financial assets minus...
South Korea’s special counsel wants to put formal leader in prison
MENAFN
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July 7, 2025
(MENAFN) South Korea’s special counsel investigating former President Yoon Suk-yeol’s brief imposition of martial law has formally requested a warrant to detain the ousted leader, a spokesperson for the investigation team announced Sunday. Cho...
South Korea Reports Over 1M Business Closures in 2024
MENAFN
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July 6, 2025
(MENAFN) In a historic milestone, more than 1 million businesses in South Korea shuttered in 2024, marking the first time ever the nation has seen such a high number of closures, according to official data reported by media on Sunday. The retail...
South Korea Offers Cash to Citizens
MENAFN
·
July 6, 2025
(MENAFN) South Korea is rolling out a large-scale cash distribution program, offering what authorities are calling “consumption coupons” in an effort to stimulate domestic demand and breathe new life into the nation’s stagnant economy, according...
South Korea Conducts Emergency Water Assessments
MENAFN
·
July 5, 2025
(MENAFN) South Korea escalated environmental monitoring efforts Friday, conducting emergency water assessments following mounting allegations that North Korea has contaminated cross-border waterways with radioactive nuclear waste. Seoul's latest...
South Korea Faces Another Luxury Brand Cyber Attack
MENAFN
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July 5, 2025
(MENAFN) South Korea confronted another devastating cybersecurity breach Friday as luxury retailer Louis Vuitton joined an alarming wave of high-profile data compromises, while authorities simultaneously slapped penalties on a major telecom giant...
South Korean President Approval Rating Jumps to to 65 Percent
MENAFN
·
July 5, 2025
(MENAFN) South Korean President Lee Jae Myung has seen his approval rating leap to 65%, according to a media poll released just as he enters his second month in office. The survey, conducted from July 1 to 3 among 1,001 adults, reflects growing...
HRW calls for end of age discrimination in South Korea’s workplace
MENAFN
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July 10, 2025
(MENAFN) Human Rights Watch (HRW) has urged South Korea to eliminate employment discrimination based on age, particularly criticizing the country’s policy that forces workers to retire at age 60. In a detailed 72-page report released Tuesday, HRW...
Human Rights Watch Calls on South Korea
MENAFN
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July 10, 2025
(MENAFN) Human Rights Watch (HRW) has called on South Korea to eliminate age-related discrimination in the workplace, criticizing the policy that forces employees to retire upon reaching 60 years old. In a detailed 72-page report released on...
Quasi Robotics Announces Strategic Partnership with Electrix Co. Ltd, to Expand Mobile Robot Automation in South Korea
EIN Presswire
·
July 9, 2025
Electrix Co. Ltd will distribute Quasi’s Model C2 AMRs to key industrial sectors, including shipbuilding, offshore energy, and semiconductor manufacturing. FREDERICK, MD, UNITED STATES, July 9, 2025 /EINPresswire.com/ -- Quasi Robotics, a leader...
Trump Imposes 25 Percent Tariffs on Japan, South Korea
MENAFN
·
July 8, 2025
(MENAFN) President Donald Trump announced Monday via social media that the United States will implement 25-percent tariffs on Japanese and South Korean imports effective August 1. Through letters directed to the South Korean president and Japanese...
Over One Million South Korean Businesses Close in 2024
MENAFN
·
July 6, 2025
(MENAFN) In a historic development, more than 1 million business owners in South Korea shut down operations in 2024, according to a news agency, which referenced official government statistics on Sunday. This marks the first instance in the...
Enovix Shareholder Reminder: Early Warrant Expiration Price Condition
GlobeNewswire, Inc.
·
August 1, 2025
FREMONT, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX, ENVXW) (“Company” or “Enovix”), a leader in advanced silicon battery technology, today announced that the price of its common stock has exceeded $10.50 for nine...
S. Korea’s Ex-President Yoon Faces Arrest Warrant Over Election Scandal
MENAFN
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July 31, 2025
(MENAFN) A warrant for the arrest of former South Korean President Yoon Suk-yeol has been authorized by a court to compel his appearance for questioning amid allegations of election interference, according to a special counsel team on Thursday....
S. Korea’s Leader Says U.S. Tariff Deal Will Ease Trade Pressures
MENAFN
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July 31, 2025
(MENAFN) South Korean President Lee Jae Myung on Thursday announced that a long-anticipated tariff agreement with the United States will significantly reduce economic "uncertainties" for Seoul’s heavily export-driven economy. In a Facebook post,...
Samsung Posts Sharp Drop in Q2 Profit
MENAFN
·
July 31, 2025
(MENAFN) South Korea's Samsung Electronics reported a sharp drop in operating profit for the second quarter, primarily driven by extraordinary costs in its semiconductor division, the company revealed Thursday. Operating profit for the period from...
Global Outpatient Clinics Market Sees Shift Toward Tech-Driven Patient Care
GlobeNewswire, Inc.
·
August 1, 2025
Boston, Aug. 01, 2025 (GLOBE NEWSWIRE) -- According to the latest study from BCC Research, the “Global Outpatient Clinics Market” is expected to grow from $4.4 trillion in 2024 to $6.3 trillion by the end of 2029, at a compound annual growth rate...
Nutraceuticals Market Size is Forecast to Reach USD 1,089.43 Billion by 2034 Rising Demand for Preventive Health and Natural Supplements
GlobeNewswire, Inc.
·
August 1, 2025
Ottawa, Aug. 01, 2025 (GLOBE NEWSWIRE) -- According to Statifacts, the global nutraceuticals market size was evaluated at USD 580.37 billion in 2024 and is anticipated to reach around USD 1,089.43 billion by 2034, expanding at a CAGR of 6.5% from...
Modified Atmosphere Packaging MAP Trays Market 2025 Where Sustainability Meets Innovation
GlobeNewswire, Inc.
·
August 1, 2025
Ottawa, Aug. 01, 2025 (GLOBE NEWSWIRE) -- The global modified atmosphere packaging trays (MAP) market size was valued at a substantial level in 2025 and is projected to witness significant growth by 2034, according to a study published by Towards...