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Lutnick warns no ‘fast deals’ for Japan and South Korea

Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take significantly more time to complete than the framework agreement President Donald Trump announced Thursday with the UK, in a signal that some Asian partners may have to wait for tariff relief. “You’ve got to spend an enormous amount of time … Read more

North Korea Stole Your Job

Even security experts can be fooled. In July 2024, Knowbe4, a Florida-based company that offers security training, discovered that a new hire known as “Kyle” was actually a foreign agent. “He interviewed great,” says Brian Jack, KnowBe4’s chief information security officer. “He was on camera, his résumé was right, his background check cleared, his ID … Read more

South Korea to allow trading for spot Bitcoin ETF this year

South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For … Read more

Bessent sees U.S., Korea trade ‘understanding’ by next week

The U.S. and South Korea could reach an “agreement of understanding” on trade as soon as next week, Treasury Secretary Scott Bessent said Thursday, following talks between the two nations. “We had a very successful bilateral meeting,” Bessent told reporters during an Oval Office meeting between President Donald Trump and the prime minister of Norway. … Read more

South Korea calls for calm, orderly discussion in U.S. trade talks

South Korea’s Trade, Industry and Energy Minister Ahn Duk-geun (right) arrives at Incheon International Airport on April 23, 2025, as he departs for Washington for finance and trade ministers’ talks with the U.S. Jung Yeon-je | Afp | Getty Images South Korea has asked for “calm” and “orderly” discussions with the U.S. on trade issues, … Read more

South Korea says DeepSeek transferred user data to China, U.S. without consent

Jaap Arriens | Nurphoto | Getty Images South Korea’s data protection authority has concluded that Chinese artificial intelligence startup DeepSeek collected personal information from local users and transferred it overseas without their permission. The authority, the Personal Information Protection Commission, released its written findings on Thursday in connection with a privacy and security review of … Read more

Trade tensions are ‘bad for everybody,’ says Bank of Korea governor

Tensions from U.S. President Donald Trump’s tariffs are not only a headwind for South Korea but “bad for everybody,” said Bank of Korea Governor Rhee Chang Yong. “I really hope this trade tension will dissipate, because it’s bad for everybody,” Bank of Korea governor Rhee Chang Yong said late Wednesday. Speaking to CNBC at the … Read more

South Korea GDP contracts in the first quarter

Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023.  Bloomberg | Bloomberg | Getty Images South Korea’s GDP contracted 0.1% in the first quarter of 2025, according to advance figures, marking the first contraction in its economy since the … Read more

South Korea will not ‘fight’ Donald Trump’s tariffs, says acting president

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea “will not fight back” against US tariffs, its acting president has said, citing the country’s historical debt to Washington ahead of trade talks with Donald Trump’s administration set to begin next week. Han … Read more

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