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Sunday, November 9, 2025

KOREA

SoCal Korean American Banks Accelerate Growth — Q3 Net Income Surges 33%

Comprehensive analysis of six major banks’ Q3 results shows strong gains in total assets, loans, and deposits; Bank of Hope rebounds sharply amid cost...

Korea, U.S. finalize bilateral trade deal, agree on $350 billion investment details

South Korea and the United States finalized terms of a long-discussed trade package in Gyeongju, confirming a $350 billion investment plan and setting reciprocal tariffs, including autos, at 15 percent. The leaders also advanced alliance issues during President Trump’s state visit.

China claims J-20 stealth fighter flew over Eastern Channel undetected, exposes Korea’s outdated radars

China’s J-20 stealth fighter reportedly flew over the Korea Strait undetected, highlighting weaknesses in South Korea’s aging radar systems and raising questions about regional air defense capabilities.

Trump says he would ‘love to meet’ North Korea’s Kim again, could extend visit to do so

President Donald Trump said he would “love to meet” North Korean leader Kim Jong Un again and may extend his South Korea trip for a potential meeting, hinting at renewed diplomatic engagement.

With no trade deal before APEC, agreement may fall to Lee and Trump

With no Korea-U.S. trade deal reached ahead of the APEC summit, Presidents Lee Jae Myung and Donald Trump are expected to decide the fate of the $350 billion investment negotiations.

North confirms test-firing of ‘important weapon’ days before APEC meeting

North Korea confirmed the test-firing of an “important weapon system” likely involving a hypersonic missile, days before the APEC summit, according to state media.

North Korea used Cambodian platform to launder $2.84B in cryptocurrency

North Korea laundered $2.84 billion in stolen cryptocurrency through Cambodia’s Huione Pay platform, using global networks in China, Russia, and Hong Kong, according to an international report.

North Korea launches ballistic missile into East Sea ahead of APEC meeting

North Korea fired a ballistic missile into the East Sea on Oct. 21, its first launch since June, just days before the APEC summit in Gyeongju.

Not just nukes: North Korea weaponizes AI, drones in high-tech arms race

North Korea is weaponizing AI across drones and cyber operations. The regime tested loitering munitions and uses generative AI in hacking and crypto theft, prompting Seoul to accelerate defenses.

U.S. has stepped back from all-cash, upfront payment demand, says Korea’s industry minister

South Korea’s industry minister says the U.S. has softened its demand for full upfront payment of Korea’s $350 billion investment package, signaling progress in ongoing tariff negotiations ahead of the APEC summit in Gyeongju.