Seoul:South Korea will continue to take necessary actions based on clear principles following a recent mine blast in the Demilitarized Zone (DMZ), as stated by the country's top security adviser, Wi Sung-lac, on Friday. The government remains focused on establishing peace to eliminate the need for conflict.
According to Yonhap News Agency, the National Security Adviser made these comments during a press briefing after the detonation of North Korean land mines in the DMZ in September, which injured three South Korean soldiers, with two sustaining serious injuries.
In addition to national security concerns, SK Group announced on Friday that it will retain the chief executive officers of its major affiliates, such as SK hynix Inc., while reorganizing leadership within its energy-related units. This move is seen as an effort to maintain stability and enhance business competitiveness by bringing in leaders with specialized expertise.
Meanwhile, North Korea has denounced the ongoing combined air drills between South Korea and the United States, vowing to deter the exercises with force. The statement was issued as the two nations commenced their biannual Freedom Flag exercise.
On the economic front, South Korean shares experienced a significant drop of over 3 percent on Friday due to a sell-off in semiconductor stocks amid concerns about the sustainability of artificial intelligence investments. The Korea Composite Stock Price Index (KOSPI) closed at 5,730.74, reflecting a 3.48 percent decrease.
Additionally, a malfunction in the check-in system at Incheon International Airport caused major delays on Friday, affecting passenger processing. The issue began at 430 a.m. and impacted connectivity at multiple airlines across both terminals.
Lastly, President Lee Jae Myung expressed deep condolences over the passing of veteran actor Choi Bool-am, who died at 87. Choi was renowned for his roles as paternal figures in popular television series since his career began in 1967.