Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s economy contracted in the first quarter, with political turmoil hitting consumer sentiment in Asia’s fourth-largest economy while business concerns grew over President Donald Trump’s tariffs on exports to the US. South Korean GDP … Read more
Mar 22, 2025Ravie LakshmananFinancial Security / Cryptocurrency The U.S. Treasury Department has announced that it’s removing sanctions against Tornado Cash, a cryptocurrency mixer service that has been accused of aiding the North Korea-linked Lazarus Group to launder their ill-gotten proceeds. “Based on the Administration’s review of the novel legal and policy issues raised by use … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan has asked South Korea for assistance investigating a Chinese-owned ship suspected of cutting a subsea cable off its northern coast on Friday. Taiwan telecoms operator Chunghwa Telecom and the Taiwan Coast Guard said on … Read more
On December 14, South Korea’s National Assembly successfully impeached President Yoon Suk-yeol on its second attempt. The impeachment has headed to the Constitutional Court, which has up to six months to review it. On Friday, Prime Minister Han Duck-soo who had assumed the role of acting president was also impeached. If Yoon’s impeachment is upheld, … Read more
A California man has been charged with shipping weapons and ammunition to North Korea and told investigators they were to be used for a surprise attack on South Korea, authorities said Tuesday, December 3. Shenghua Wen came to the US from China on a student visa more than a decade ago after meeting with North … Read more