South Korean President Yoon Suk Yeol and Philippine President Ferdinand Marcos Jr agreed on Monday to boost defence cooperation as their countries elevated ties to a strategic partnership amid growing security challenges in the region.

South Korean President Yoon Suk Yeol said his country has agreed with Singapore to enter into a strategic partnership next year, the 50th anniversary of the two nations setting up diplomatic relations.

The two nations also agreed to cooperate on liquefied natural gas supplies during a visit to the city state by South Korea’s Yoon Suk-yeol.

South Korean defense minister says casualties can be expected among Kim Jong Un's forces sent to fight in the war against Russia's neighbor.

North Korean soldiers could fight alongside the Russian army in Ukraine, South Korea ’s defence minister told the country’s parliament after media reports claimed Pyongyang had lost troops in the war.

South Korea has been supporting Ukraine for months, but the assistance provided does not include "lethal weapons." However, Seoul is increasingly considering lifting the ban on the supply of such weapons in connection with Russia's and North Korea's actions.

The surprise inclusion of South Korean sovereign bonds in the FTSE Russell's benchmark bond index is expected to give the won currency a boost on Thursday and attract billions of dollars of inflows over the next few years.

South Korea will join FTSE Russell’s benchmark bond index, capping months of official campaigning and a overhaul of financial market infrastructure in the hopes of attracting tens of billions of dollars of inflows.

LSEG's Nikki Stefanelli discusses the considerations made to allow for additions of South Korea and India to the FTSE World Government Bond Index and Emerging Markets Government Bond Index respectively.