South Korea

South Korea and Japan are facing uncomfortable questions about their mutual defensive obligations as the United States seeks support from its allies in the war on Iran, now nearly three weeks in and escalating by the day.

Earlier this week, US President Donald Trump urged the United Kingdom, China, France, Japan, and South Korea to send warships to the Strait of Hormuz, which has remained de facto closed since Washington launched its war with ally Israel on Tehran on March 28.

The president backpedalled on his position on Tuesday – declaring on social media that “we no longer ‘need,’ or desire, the NATO Countries’ assistance – WE NEVER DID! Likewise, Japan, Australia, or South Korea” – but observers say US allies may not yet be out of the hot seat.

Trump is expected to raise the issue of warships when he meets with Japanese Prime Minister Sanae Takaichi at the White House on Thursday, according to Al Jazeera correspondent Jack Barton.

“People do expect him to put pressure on Takaichi again to send warships to the Strait of Hormuz. It makes sense in a way because Japan is so dependent on energy supplies” from the Middle East, Barton said on Thursday from Seoul.

Japan’s Maritime Self-Defence Force is one of the largest and most advanced navies in the world, he said, which makes it an attractive target for the Trump Administration.

Although Japan and the US share a mutual defence, Tokyo’s pacifist constitution places restrictions on when it can deploy its Self-Defense Force. Legal scenarios include when it is attacked or facing a “survival-threatening” scenario, as well as acting in “collective self-defence” of its allies.

Takaichi told legislators this week that her government is considering what can legally be done to protect Japanese ships and interests, according to Japanese public broadcaster NHK World, although deployment is still a hypothetical scenario.

Japan relies heavily on Middle Eastern oil imports, of which 70 percent pass through the Strait of Hormuz, according to Japanese media. Tokyo began releasing oil from its strategic reserve on Monday to make up for the shortfall.

Stephen Nagy, a professor at the International Christian University, Tokyo, told Al Jazeera it was not unexpected that the US – a treaty ally – would call on it for help, but Japan will need to consider what is expected.

“The question is if they are going to be on the front line of the attack from Iran or if they are going to provide some kind of supporting role, such as anti-mining activities, refuelling missions, maritime domain awareness,” he said.

“It’s not so much of a problem going there and being involved in the challenges associated with the Hormuz Strait; what is more important is what exactly they are going to do in that role. I think the Japanese are going to find a way to legally add value to the Trump administration, but don’t expect warships there fighting Iranian proxies,” he continued.

South Korea finds itself in a similar predicament as it is both a US treaty ally and a country that is heavily dependent on Middle Eastern oil and gas exports.

Seoul last week took the extraordinary measure of imposing a price cap on domestic fuel prices for the first time since the 1997 Asian financial crisis, to keep prices from rising too quickly for consumers. Despite their concerns, legislators continue to urge caution from the government in deploying its navy or military assets to the Middle East, according to Al Jazeera’s Barton.

In-Bum Chun, a retired South Korean lieutenant general, told Al Jazeera that it is not immediately clear whether Seoul’s Mutual Defense Treaty with the US applies to the Strait of Hormuz.

Seoul must also weigh helping the US against maintaining a credible deterrence against North Korea. Recent media reports suggest that the US is considering moving some of its Terminal High Altitude Area Defense (THAAD) missiles from South Korea to the Middle East. The missiles were installed to deter North Korea, and their removal, along with naval assets, could make voters nervous.

“Seoul must also consider the persistent threat from North Korea and the fact that a South Korean warship is already deployed to the Middle East,” Chun told Al Jazeera. “At the same time, because about 70 percent of Korea’s oil imports pass through the Strait of Hormuz, freedom of navigation is not an abstract principle but a core national interest. These competing realities must all be weighed before any final decision is reached.”

South Korea said it remains capable of deterring threats from North Korea even if the United States redeploys some weapons stationed on the Korean peninsula to the Middle East amid the war involving Iran.

The comments by South Korean President Lee Jae Myung come after reports that key U.S. missile defence systems and military assets could be moved from Asia to support operations linked to the Iran conflict.

The potential redeployment has sparked concern among Asian allies that shifting military resources could weaken regional deterrence against China and North Korea at a time of heightened geopolitical tensions.

Seoul Says Deterrence Remains Strong

Speaking at a cabinet meeting, Lee acknowledged that reports about the relocation of U.S. military equipment had triggered controversy in South Korea.

He said that while Seoul had expressed opposition to the removal of certain weapons, it could not dictate U.S. military decisions.

However, Lee emphasised that South Korea’s own defence capabilities are strong enough to maintain deterrence against North Korea even if some American systems are temporarily relocated. He noted that South Korea’s defence spending and conventional military strength significantly exceed those of the North.

South Korea hosts about 28,500 U.S. troops as part of the long-standing alliance designed to deter aggression from nuclear-armed North Korea.

Missile Defence Systems May Be Redeployed

Officials have indicated that the U.S. and South Korean militaries are discussing the possible redeployment of Patriot missile defense system batteries to the Middle East.

South Korean media reported that some missile batteries may have already been shipped from Osan Air Base and could be redeployed to U.S. bases in Saudi Arabia and the United Arab Emirates.

There were also reports that parts of the Terminal High Altitude Area Defense (THAAD) system could be moved from South Korea to the Middle East.

While Patriot systems provide lower-tier defence against shorter-range missiles, THAAD systems are designed to intercept ballistic missiles at high altitude.

United States Forces Korea declined to comment on the possible relocation of equipment, citing operational security.

Analysts Warn of Miscalculation Risks

Military analysts say that although South Korea possesses strong military capabilities, the presence of U.S. forces and weapons in the country serves as a crucial signal of Washington’s commitment to the region.

According to Choi Gi-il, a military studies professor at Sangji University, the removal of some systems could carry strategic risks.

He warned that North Korea might interpret the redeployment as a weakening of allied defences and could attempt limited provocations to test the alliance’s response.

North Korean leader Kim Jong Un has recently signalled a more aggressive posture, pledging to expand the country’s nuclear arsenal and describing South Korea as its “most hostile enemy.”

Wider Regional Impact

The redeployment of U.S. assets reflects the broader strategic impact of the Iran conflict on global military posture.

Japan, which also hosts major U.S. bases, has seen two U.S. guided-missile destroyers stationed in Yokosuka deployed to the Arabian Sea to support operations linked to the Iran campaign.

The movements have raised concerns in Tokyo as well, with opposition politicians questioning whether U.S. forces stationed in Japan should be used for operations outside the region.

The developments highlight how the conflict in the Middle East is beginning to reshape global military deployments, drawing resources away from Asia and prompting questions about the balance of security commitments across different regions.

With information from Reuters.

North Korea’s Kim Yo Jong said the annual ‘Freedom Shield’ exercises could lead to ‘unimaginably terrible consequences’.

Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, has accused the United States and South Korea of “destroying the stability” of East Asia, as the two countries start their annual 10-day joint military exercises on the Korean Peninsula.

“The muscle-flexing of the hostile forces near the areas of our state’s sovereignty and security may cause unimaginably terrible consequences,” Kim Yo Yong said on Tuesday, according to the state-run Korean Central News Agency (KCNA).

“The enemies should never try to test our patience, will and capability,” Kim said.

“We will watch to what extent the enemy violates the security of our state and what it is playing at,” she continued.

Kim’s remarks follow the start of the joint Freedom Shield exercises on Monday, which will run for 10 days and involve 18,000 South Korean and US military personnel.

The military manoeuvres are designed to “enhance the combined, joint, all-domain, and interagency operational environment, thereby strengthening the Alliance’s response capabilities,” United States Forces Korea said.

This year’s Freedom Shield will involve 22 field training drills, according to South Korea’s Yonhap News Agency, which is fewer than half the number carried out last year.

Kim added on Tuesday that there was no justification to hold the exercises, which have been called a “defensive” action by Washington and Seoul in the past.

“No matter what justification they may establish and how the elements of the drill may be coordinated, the clear confrontational nature of the high-intensity large-scale war drill staged by the most hostile entities in collusion at the doorstep of [North Korea] never changes,” she said.

“The recent global geopolitical crisis and complicated international events prove that all military manoeuvres of the field warfare troops, to be conducted by the enemy states, assume no distinction between defence and attack, training and actual warfare,” she continued, in an apparent reference to the US-Israel war on Iran.

South Korea and North Korea have technically been at war since 1953, when an armistice agreement paused fighting but did not formally end the armed confrontation.

North Korean leader Kim Jong Un said in 2024 that he would no longer pursue reconciliation with South Korea, although it remains Seoul’s long-term goal.

An official at South Korea’s Ministry of Unification told Yonhap that Kim’s remarks on Tuesday were relatively muted by North Korean standards.

The statement did not refer directly to the US or threaten to use nuclear weapons, the official said, speaking on condition of anonymity.

“Kim appears to have limited her response to merely pinpointing the South Korea-US exercise, taking the current security situation into account,” the official told Yonhap.

TOKYO — Defending champion Japan hit four home runs — two by Chicago Cubs slugger Seiya Suzuki — to beat South Korea 8-6 on Saturday and stay undefeated in Pool C of the World Baseball Classic.

Dodgers star Shohei Ohtani and Masataka Yoshida also homered for Japan. Ohtani’s homer followed his grand slam Friday in a 13-0 win over Chinese Taipei.

Both teams showed more power than pitching, particularly in the first four innings in a slugfest as the two combined for five home runs topped by Suzuki’s pair at the Tokyo Dome.

Japan and Australia are 2-0 in Pool C play and meet Sunday as the two favorites to advance to the quarterfinals. In Sunday’s other game, South Korea (1-1) faces Chinese Taipei (1-2).

South Korea took a 3-0 lead in the top of the first inning off starter Yusei Kikuchi with consecutive singles by Do Yeong Kim, Jahmai Jones and Jung Hoo Lee and a two-run double by Bo Gyeong Moon.

Suzuki hit a two-run homer in the bottom of the inning to pull Japan back to 3-2.

Japan surged ahead 5-3 in the third on solo home runs by Ohtani, Suzuki and Yoshida.

South Korea played its own home-run derby in the top of the fourth, drawing even 5-5 on Hyeseong Kim’s two-run homer off Japan’s second pitcher, Hiromi Itoh. It was the fifth home run between the two teams through four innings.

Japan broke through in the seventh to lead 8-5. Young Kyu Kim, who entered in relief earlier in the inning, walked Suzuki with the bases loaded to force in a run, and Yoshida followed with a single to score two more.

The Koreans scored one in the eighth to make it 8-6 but left the bases loaded when Yuki Matsumoto struck out Hyeseong Kim.

Atsuki Taneichi was the winning pitcher with a save for Taisei Ota. Yeong Hyun Park took the loss.

New England Patriots quarterback Drake Maye was at the game on Saturday. On Friday, actor Timothée Chalamet and pop singer Bad Bunny showed up.

Fairchild’s grand slam powers Chinese Taipei to 14-0 win

Stuart Fairchild’s second-inning grand slam powered Chinese Taipei to a 14-0 victory over the winless Czech Republic.

The victory was Chinese Taipei’s first in the tournament and came the day after it was pounded 13-0 by Japan.

The game was stopped by the mercy rule with Chinese Taipei leading by 10 or more after seven innings.

Chinese Taipei played small ball for a 2-0 lead in the first inning, capitalizing on two bunt singles, a double steal and a throwing error by Czech catcher Martin Cervenka. They were Chinese Taipei’s first two runs of the tournament.

It was big ball in the second inning.

With two out, Czech pitcher Jan Novak gave up a single and walked two, setting the stage for Fairchild’s blast.

Chen Zhong-Ao Zhuang got the victory and Novak was the losing pitcher.

Chinese Taipei added two more runs in the fourth, another in the fifth and five in the sixth. They also set a WBC tournament record with seven stolen bases.

Fairchild, who qualified for the team through his Taiwanese mother, plays in the Cleveland Guardians organization.

Kim Jong Un supervised the launch of sea-to-surface ‘strategic cruise missiles’ from country’s new naval destroyer.

North Korean leader Kim Jong Un has overseen the test-firing of “strategic cruise missiles” from a new 5,000-tonne naval destroyer before the vessel’s official commissioning, according to state media.

Kim supervised the launch of sea-to-surface missiles from the destroyer Choe Hyon on Wednesday, assessing the test as a “core” element of the new warship’s capabilities, which he described as a “new symbol of sea defence” for his country.

Calling for the production of more warships of a similar class or better, Kim said his navy’s adoption of nuclear weapons was making progress.

“Our Navy’s forces for attacking from under and above water will grow rapidly. The arming of the Navy with nuclear weapons is making satisfactory progress,” Kim said at the Nampo Shipyard in the west of the country, according to North Korea’s official Korean Central News Agency (KCNA).

“All these successes constitute a radical change in defending our maritime sovereignty, something that we have not achieved for half a century,” he said.

South Korea’s official Yonhap news agency noted that North Korea uses references to “strategic” weapons to indicate they could have nuclear capabilities.

According to KCNA, over a two-day visit to the shipyard, spanning Tuesday and Wednesday, Kim inspected the Choe Hyon, the lead vessel in a new series of 5,000-tonne “Choe Hyon-class” destroyers currently under construction in North Korea.

‘Wage a more active and persistent struggle’

In May 2025, North Korea’s ambitious naval modernisation programme suffered a major setback when a second Choe Hyon-class destroyer capsized during a botched side-launch ceremony at Chongjin Shipyard, an incident witnessed by the Korean leader.

Later, and in a rare admission of failure, KCNA reported that a launch mechanism malfunction caused the stern of the 5,000-tonne destroyer to slide prematurely into the water. The accident crushed parts of the hull and left the bow stranded on the shipway.

At the time, Kim characterised the launch failure as a “criminal act”, blaming the incident on “absolute carelessness” and “irresponsibility” across multiple state institutions.

This week’s missile tests come after the North Korean leader pledged in late February to lift living standards as he opened a rare congress of the governing Workers’ Party, held once every five years.

Kim told the congress that the ruling party was “faced with heavy and urgent historic tasks of boosting economic construction and the people’s standard of living”.

“This requires us to wage a more active and persistent struggle without allowing even a moment’s standstill or stagnation,” he said.

North Korea has prioritised nuclear weapons development and military strength above all else, claiming that it must be militarily strong to resist pressure from the United States and its ally, South Korea.

Since taking power in late 2011, Kim has maintained the military as a core priority while simultaneously emphasising economic strengthening to address the country’s chronic impoverishment.

Emerging markets are roaring back in 2026, staging a rally that has surprised investors not only for its speed — unmatched in decades — but also for the broader global context in which it is unfolding.

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While US software stocks reel from artificial intelligence disruption fears and the S&P 500 remains broadly flat year-to-date, emerging markets are decoupling.

In a reversal of long-standing market dynamics, the asset class is briefly playing an unexpected role: that of a relative safe haven.

The rally is broad, persistent and increasingly supported by flows, macro conditions and structural shifts in global trade.

Emerging markets dominate global performance rankings

Data from CountryETFTracker show that the five best-performing country-specific exchange traded funds so far this year all belong to emerging markets.

Leading the rally is South Korea’s iShares MSCI South Korea ETF (EWY), up 43.28% year-to-date after a 96% surge in 2025.

The gains reflect the dominance of chipmakers such as Samsung Electronics and SK Hynix, which are benefiting from strong global demand for AI-related memory and advanced semiconductors, lifting exports and corporate earnings.

It is followed by Peru’s iShares MSCI Peru ETF (EPU), which has gained 25.31%, Brazil’s iShares MSCI Brazil ETF (EWZ) at 22.03%, Thailand (THD) at 21.38% and Turkey (TUR) at 21.32%.

The broader MSCI Emerging Markets Index, tracked by the iShares MSCI Emerging Index Fund (EEM), is up nearly 13% year-to-date.

Two elements stand out here: the scale of the relative strength and the remarkable consistency of the rally.

Over the past two months, EEM has achieved the strongest relative surge against the S&P 500 since 2008. Over 12 months, the performance gap has widened to 25 percentage points — the largest divergence since January 2010.

Emerging markets have also recorded 13 positive months out of the last 14 and closed higher for nine consecutive weeks — a streak not seen since 2005.

There is, unmistakably, a structural trend under way.

Record inflows toward geographic capital reallocation

The rally is not only price-driven but also flow-driven.

The iShares MSCI Emerging Markets ETF attracted more than $4bn (€3.7bn) in January 2026, its strongest month for inflows since 2015.

South Korea alone drew $1.6bn (€1.5bn) in January and over $1bn (€0.9bn) in February, while Brazil attracted nearly $1bn (€0.9bn) in January.

The surge in allocations suggests that institutional investors are actively increasing exposure to emerging markets.

Importantly, flows appear broad-based rather than concentrated in a single thematic trade.

While Asia-focused markets have benefited from AI supply-chain positioning, Latin American funds have drawn support from commodities and cyclical exposure.

Why is this happening?

1) Rotation away from crowded US tech

Much of 2026’s market narrative has centred on artificial intelligence disruption, particularly in long-duration US software stocks.

After years of heavy concentration in mega-cap American technology names, investors are reassessing exposure as valuations look stretched and volatility rises.

Emerging markets, by contrast, began the year trading at sizeable discounts to developed peers.

Capital is rotating away from crowded US growth trades into cyclicals, commodities and regions directly exposed to AI hardware demand.

Ed Yardeni of Yardeni Research highlighted that while the US economy still remains exceptional, emerging economies benefit from expanding middle classes, rising industrial output and export growth that increasingly outpaces advanced economies.

2) Dollar weakness supports emerging markets

Currency dynamics are reinforcing the move towards emerging markets.

Jeff Buchbinder, Chief Equity Strategist at LPL Financial, indicates that the US Dollar Index is close to breaking its long-term uptrend, with expectations of further Federal Reserve rate cuts adding pressure.

Central banks’ gradual diversification away from the US dollar towards gold, alongside a persistent US trade deficit that continues to expand the global supply of dollars, is also exerting downward pressure on the greenback.

For emerging markets, a softer dollar eases financing conditions and improves relative returns.

Bank of America strategist David Hauner describes the near-certainty of the next Fed move being a cut as a ‘volatility compressor’ — a backdrop that has historically supported EM assets.

3) AI hardware boom supports Asia

While AI concerns weigh on US software, the hardware backbone of artificial intelligence is largely produced in Asia.

Taiwan dominates advanced semiconductor production, and South Korea’s Samsung Electronics remains a global leader in memory chips.

In Taiwan, technology-related goods now account for roughly 80% of exports and the bulk of recent growth. Revenue at TSMC continues to track the island’s export momentum, with analysts expecting another year of solid expansion in 2026.

4) Commodities and cyclicals add further support

The strength is not confined to technology exporters. Commodity-linked economies such as Brazil and Peru are benefiting from firm metals and agricultural demand, while Thailand and Turkey are gaining from improved financial conditions and cyclical recovery dynamics.

Against a backdrop of stabilising global growth and easing US monetary policy expectations, emerging markets combining export momentum with improving external balances are regaining investor attention.

Why this matters

The resurgence of emerging markets is more than a short-term performance story.

After a decade dominated by US exceptionalism, the current rally points to a potential broadening of global leadership — driven by currency dynamics, shifting capital flows and the geography of AI-driven production.

If sustained, the move could reshape portfolio allocations and challenge the long-standing concentration of global equity returns in a narrow group of US mega-cap stocks.