SOUTH KOREA INDIA TALKS
South Korea's Lee Jae-myung in India for talks on shipping, AI
South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi for talks with Prime Minister Narendra Modi. Discussions focused on shipbuilding, AI, semiconductors, and critical technologies, aiming to strengthen their strategic partnership amidst global economic instability. Both leaders also addressed regional peace and bolstering their economic cooperation.
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit
JSW Steel and South Korea's POSCO Group are partnering to build a new steel plant in Odisha. This joint venture will have a production capacity of 6 million tonnes per annum. The deal signifies deepening strategic ties between the two major steel producers. This collaboration aligns with JSW Steel's expansion goals.
North Korea again tests cluster munitions in a launch observed by Kim Jong Un and his daughter Ju Ae
North Korea conducted its second ballistic missile test this month, featuring cluster bomb warheads, likely to enhance its ability to penetrate U.S. and South Korean defenses. Leader Kim Jong Un oversaw the launch of upgraded Hwasong-11 Ra missiles, expressing satisfaction with their high-density striking capability.
North Korea launches multiple ballistic missiles into sea off east coast
North Korea has escalated tensions by launching multiple ballistic missiles into the sea, as verified by South Korea's military from the Sinpo zone. In light of these developments, Seoul is enhancing its security protocols and syncing efforts with the United States and Japan. Japan's Defense Ministry indicated it may have detected a missile launch as well.
Backup calling, direct voicemail features in smartphones originated in India: Samsung official
Samsung's India research team is a powerhouse of innovation. Features like backup calling and direct voicemail, crucial for modern smartphones, originated here. These advancements are now integrated into Samsung devices worldwide. The Noida facility also contributes to AI-driven features like call screening and privacy display, showcasing India's significant role in global technology development.
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Rupee ends stronger, trims underperformance versus Asia FX on RBI measures
The Indian rupee rose on Friday following a Reuters report of a central bank step to curb state-run oil companies' dollar demand, adding to measures that have narrowed the currency's underperformance over the last fortnight.
Piyush Goyal engages with South Korean, Austrian leadership to deepen economic ties
Union Minister of Commerce and Industry, Piyush Goyal, advanced India's trade agenda through a series of diplomatic engagements on Thursday, holding a virtual meeting with South Korean Trade Minister Yeo Han-koo and an in-person session with Austrian Federal Chancellor Christian Stocker. The meetings, focused on bilateral investment and technological synergy, resulted in the signing of a new mechanism aimed at accelerating business resolutions between India and Austria.
India eyes US-led Pax Silica seed fund
India is keen on getting access to the US State Department's new $250 million Pax Silica seed fund designed to secure global supply chains for artificial intelligence, semiconductors and critical minerals, people in the know said. This was discussed among steps to operationalise the multilateral initiative during foreign secretary Vikram Misri's three-day visit to Washington DC last week, they said.
India-South Korea shipbuilding collaboration to receive mega boost from Presidential visit next week
South Korean President Lee Jae Myung visits India from April 19-21. The visit prioritizes shipbuilding, especially LNG tankers, under the 'Make in India' initiative. Technology transfer and scaling up production are key. Collaborations will also cover semiconductors, civil nuclear energy, and defense manufacturing. This aims to boost the Special Strategic Partnership between the two nations.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India is a crucial moment. The two nations can build a strong strategic economic partnership. They can create a new axis of resilience in Asia. This partnership will focus on manufacturing, technology and defence. It aims to address global insecurity and fractured supply chains.
The Facade of Love OTT release in India: When and where to watch Lee Dong Wook, Jeon So Nee's romantic K-drama. Number of episodes, plot and more
South Korean star Lee Dong-wook is set to lead the new romantic drama The Facade of Love, slated for a global release on Netflix. The series, which is part of this year's OTT 2026 Korean content slate, explores the complex consequences of a single encounter between two strangers. Read on to know more about the upcoming show.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India arrives at a critical juncture for global economic stability. The two Asian powers are poised to forge a strategic economic partnership, moving beyond traditional trade to co-build industrial capacity in semiconductors, green mobility, and advanced manufacturing.
Fresh hopes of US-Iran talks bring peace to D-Street
Trump, according to news reports, said that the US-Iran peace talks could resume in Islamabad over the next two days following the breakdown of negotiations over the weekend. Earlier, the US said its navy had blockaded traffic to and from Iranian ports in response to Iran’s disruption of shipping through the Strait of Hormuz.
Korean AI chip startup DEEPX, Hyundai work on robots powered by generative AI
South Korean AI chip maker DEEPX is joining forces with Hyundai Motor Group. They will create a new computing platform for generative AI robots. This platform will use DEEPX's advanced, low-power chips. The company is also seeking significant funding. This move positions DEEPX for a potential stock market listing. Their technology aims to make robots smarter and more efficient.
India’s trade deficit narrows to $20.67 billion in March on West Asia risks
India's trade deficit saw a significant reduction in March. Exports increased while imports decreased. This improvement occurred despite rising tensions in West Asia. Geopolitical risks could impact future trade. Services exports continue to drive growth for India. Merchandise exports also saw a modest rise.
North Korea showing 'serious increase' in ability to make nuclear weapons: IAEA chief
North Korea is showing a "very serious increase" in its ability to produce nuclear weapons, the head of the International Atomic Energy Agency said in Seoul on Wednesday. "All that points to a very serious increase in the capabilities of (the) DPRK in the area of nuclear weapons production, which is estimated at a few dozen warheads," he said, referring to North Korea by its official name. sjh-mjw/mtp
Johnny Somali sentenced to six months with hard labor in South Korea over livestream antics
YouTuber Johnny Somali has been sentenced to six months in prison with hard labor in South Korea for lewd behavior, including kissing a statue symbolizing victims of Japan's wartime sexual slavery. He was convicted of obstruction of business and distributing fabricated sexual images. The sentence also includes a five-year employment ban at institutions for children, teens, and people with disabilities.
Iran war promises green edge for Asia as plastic packaging runs short
The Iran war's disruption of plastic supplies has unexpectedly boosted demand for eco-friendly paper packaging, with inquiries tripling for companies like South Korea's Yonwoo. While this offers a potential silver lining, the broader reliance on Middle Eastern feedstock and plastic in Asia creates ongoing uncertainty for businesses facing potential shortages and price hikes.
Korean AI chip startup DeepX prepares public share offering
The on-device AI chip company, which works with Hyundai Motor and Baidu, plans to select banks to manage its initial public offering after wrapping up its ongoing funding round in the first half of this year, DeepX CEO Lokwon Kim told Reuters.
Trump nominates former lawmaker Michelle Steel as US ambassador to South Korea
U.S. President Donald Trump has nominated Michelle Steel, a former California congresswoman, for the U.S. ambassador role in Seoul. This position has been vacant throughout his second term. South Korea's presidential office expressed anticipation for Steel's appointment to strengthen bilateral ties. Steel, a Korean-American Republican, previously served two terms in Congress. The nomination now awaits congressional approval.
Pakistan stock markets crash: KSE 100 plunges 6,000 points as US-Iran ceasefire talks collapse
Pakistan’s stock markets crashed on Monday, with its benchmark index KSE 100 plunging nearly 6,000 points after the ceasefire talks between Iran and US, which were brokered by the country’s Prime Minister Shehbaz Sharif and army chief Asim Munir, failed to culminate into a peace deal.
South Korea launches online hub to attract international students
South Korea has launched a permanent online promotion hub and live admission webinars to attract more international students. This initiative by the Ministry of Education offers comprehensive information on universities, scholarships, visas, and employment, replacing short-term fairs with a continuous system for prospective students and institutions.
FIIs sell Indian equities worth Rs 1.6 lakh cr since outbreak of Iran-US war. Where are they going and when will they come back?
Foreign institutional investors sold Indian equities for 27 straight sessions, triggering steep market losses amid geopolitical tensions and weak sentiment. Though a brief buying return emerged, analysts warn sustained flows depend on oil prices, West Asia stability, and relative global valuation attractiveness.
South Korea president Lee Jae Myung clashes with Israel on rights, disinfo claims
Seoul's President Lee Jae Myung has criticised Israel over rights abuse allegations. Israel's foreign ministry stated the incident Lee mentioned was already addressed. President Lee insists on global reflection regarding human rights. South Korea generally maintains a balanced stance on Middle East conflict.
FIIs sell Indian equities worth Rs 48,213 crore in April, so far; FY26 sell-off balloons to Rs 1.79 lakh crore
Foreign investors continued their significant sell-off in Indian equities, offloading Rs 48,213 crore in April alone. Despite this trend, domestic markets ended Friday with strong gains, buoyed by buying from local institutional investors. Market direction hinges on upcoming US-Iran peace talks, which could impact crude prices and investor sentiment.
North Korea says its latest weapons tests included missiles with cluster-bomb warheads
North Korea said its latest three-day weapons tests included new systems such as ballistic missiles with cluster-bomb warheads, anti-aircraft weapons and electromagnetic systems, as it expands its nuclear-capable arsenal aimed at South Korea.
North Korea fires fresh ballistic missiles as war of words with Seoul intensifies
North Korea launched several short-range ballistic missiles on Wednesday. This marks the second such launch in two days. Tensions with South Korea are rising sharply. A senior North Korean official also issued strong insults towards Seoul. South Korea remains ready to respond to any provocation. The launches pose no immediate threat to US personnel or allies.
North Korea fires missiles toward sea after ridiculing South's hopes for better ties
North Korea launched ballistic missiles towards the sea for the second time in two days. This follows harsh insults directed at South Korea's desire for improved relations. South Korea remains on alert with its US ally. A previous launch on Tuesday was detected but likely failed.
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