Korea Joongang Daily
Korea JoongAng Daily

No plans to pay to get ships out of Hormuz, foreign minister says

Korea has no plans to pay Iran to get its stranded ships out of the Strait of Hormuz, Seoul's top diplomat said Wednesday, noting that it does not intend to take any action that would run counter to the U.S.-led blockade of the shipping lane.

2026-04-15

Trump says additional Iran peace talks 'could happen over next 2 days': Report

U.S. President Donald Trump said Tuesday that additional peace talks between the United States and Iran "could be happening over the next two days" in Pakistan days after the first round of their negotiations ended without an agreement.

2026-04-15

Centcom says no ships passed U.S. blockade in first 24 hours

No ships were able to pass the U.S. naval blockade of Iranian ports over the first 24 hours of its implementation, and six merchant vessels complied with naval orders to turn around and reenter an Iranian port on the Gulf of Oman.

2026-04-15

Defense chief says no U.S. request for support in Hormuz received

Defense Minister Ahn Gyu-back told lawmakers Tuesday he has yet to receive an official request from the United States for support regarding operations around the Strait of Hormuz.

2026-04-14

Kospi breaches 6,000 to hit highest level in a month as analysts bet on further gains

The benchmark index added 159.13 points, or 2.74 percent, to close at 5,967.75, briefly topping 6,000 as investors were buoyed by renewed hopes for U.S.-Iran negotiations.

2026-04-14

Korea looks to scale up oil storage capacity as Middle East producers seek hedge

Korea is moving to expand its strategic oil storage capacity as prolonged disruptions around the Strait of Hormuz are prompting a surge of inquiries from oil-exporting nations seeking to use Korea’s storage facilities.

2026-04-14

U.S. begins naval blockade of Iranian ports following stalled negotiations in Pakistan

The United States began a naval blockade of Iranian ports on Monday, ratcheting up pressure on the Islamic Republic after Washington and Tehran failed to reach an agreement during their peace talks in Pakistan over the weekend.

2026-04-14

Seoul shares details of 26 Korean vessels waiting to traverse Hormuz with Tehran, sources say

The government has begun negotiations with Iran to secure the release of 26 Korean-flagged vessels stranded in the Strait of Hormuz, officials said Monday.

2026-04-14

Raw material shortages outweigh crude import risks for Korea amid war

Korea’s semiconductor and pharmaceutical sectors continue to reel from supply disruptions as Donald Trump’s push to blockade the Strait of Hormuz deepens uncertainty around a key supply chokepoint.

2026-04-13

Surcharges ahead

An aircraft takes off from Incheon International Airport on April 13 ahead of the announcement regarding international fuel surcharges.

2026-04-13