South Korean President Lee Jae Myung confirmed on Tuesday that the US planned to pull air defence systems from his country to wage war on Iran. “We oppose the withdrawal of some US air defence weapons ...

Iran may be geographically distant from South Korea, but in an interconnected world the consequences of wars are no longer local. Their economic effects ripple across regions, especially for highly ...

The United Arab Emirates (UAE) has pledged to supply crude oil to South Korea on a top-priority basis, ensuring that no other country will receive oil ahead of South Korea, according to Kang Hoon-sik, ...

Media reports say the US may be moving its Thaad system to the Middle East, despite Seoul's opposition.

North Korea's latest test comes at a time when South Korea and the United States are conducting their annual spring military exercise, "Freedom Shield." ...

Heavyweight Hanwha Aerospace, which is South Korea's largest defense manufacturer, saw shares surge nearly 25%, before paring gains to about 20%. Air defense systems maker LIG Nex1 soared 30%.

Prolonged supply disruption will push up the countries’ inflation and could even cause a recession, analysts say. Read more ...