South Korea's trade and industry minister Ahn Duk-geun said on Wednesday that potential cooperation with Washington in the shipbuilding sector is a "very important card" in negotiating with the U.S. over its tariffs.

South Korea is seeking to cut a “big” trade deal with the US after a last-minute phone call between Donald Trump and Acting President Han Duck-soo raised the prospects of bringing some relief to the export-reliant nation hit hard by the US tariffs blitz.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,

The nation's top trade representative says that President Donald Trump's sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers.

U.S. Trade Representative Jamieson Greer addressed the Senate Finance Committee a day after global markets swung wildly and some business leaders lambasted the president's aggressive bid to raise tariffs on almost every nation on earth.

Though a big rise in US tariffs on China was expected, the hit to south-east Asian manufacturing was a surprise. Writing in the Financial Times, Peter Navarro, Trump’s trade adviser, made clear the White House wants to make countries such as Cambodia and Vietnam choose between the US and China,

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump.

In June last year, North Korean troops violated the border three times, prompting South Korea to fire warning shots. The incidents occurred when the Koreas were embroiled in Cold War-style campaigns like balloon launches and propaganda broadcasts, but they didn’t develop into a major source of tensions.

Observers claimed the Pyongyang troops might have mistakenly crossed the boundary while fortifying their side with anti-tank barriers or mines.

South Korea's main opposition party head Lee Jae-myung said on Wednesday he was stepping down as party leader, amid expectations that the current populist front-runner for the presidency in opinion polls would soon declare his run.

The rise and fall of Yoon Suk Yeol exposed a vulnerability in South Korean democracy, but also a resilience. Its people were always ready to fight for it.

South Korea's president has been removed from office after the Constitutional Court voted unanimously to uphold his impeachment. Yoon Suk Yeol was suspended from duty in December after being impeached by parliament, following his failed attempt to impose martial law.