North Korea has accused the US of engaging in a "hostile military act" and posing a "grave security threat" to the country by sending a nuclear submarine to a South Korean port. The USS Alexandria entered the Busan port on Monday for supplies and rest for its crew,

South Korea’s top economic think tank slashed its growth forecast for the country’s economy for the second time in four months on Tuesday, expressing concern about the impact of U.S. President Donald Trump’s expanding tariffs.

SEOUL (Reuters) - South Korea's Trade Minister Cheong In-kyo said on Tuesday that U.S. President Donald Trump's 25% tariffs on steel and aluminum imports due to come into force in March would reduce U.S. steel demand and erode steel exporters' profitability.

The Korea Development Institute now forecasts South Korea’s gross domestic product growth at 1.6% in 2025, largely due to deteriorating global trade conditions since Trump took office in the U.S.

A South Korean court on Tuesday acquitted HSBC on charges of violating the country's short-selling rules, the Yonhap News Agency reported.

HSBC, the Hong Kong-based banking unit, was cleared of charges related to violation of short-selling rules in South Korea, as per a court official on Tuesday.

The South Korean legal system discharged HSBC Holdings Plc of all the charges that it made in relation to illegal short selling.