What are the latest news in South Korea? September 1st, 2026
Economy & Trade
- Surge in Exports: South Korea reported an August export surge of 68.7% year-on-year to $98.25 billion, driven heavily by global artificial intelligence infrastructure demand. Semiconductor exports surged 209% to $46.65 billion, surpassing the $40 billion mark for a third consecutive month.
- Automotive Dip: In contrast to the tech boom, automobile exports fell by 29.8% to $3.85 billion due to reduced working days during the summer holiday period and localized labor disputes over wages.
- Unification Church Ruling: Hak Ja Han, the leader of the Family Federation for World Peace and Unification (commonly known as the Unification Church), was sentenced by the Seoul Central District Court to two years in prison over bribery and corruption charges.
- Heavy Rainfall Preparedness: Emergency management authorities and government officials met to brace for heavy rainfall forecast to exceed 200 mm across central and northern areas, following previous deluges in the peninsula.
- Art Market Trends: Ahead of the annual Kiaf Seoul and Frieze Seoul fairs opening at COEX, market reports show South Korea solidifying its role as an established regional art hub in Asia despite broader post-pandemic market corrections.
- National Football Team: Robert Moreno was appointed as the interim head coach for the South Korea men’s national football team.