Oil derricks pumping crude oil out of the ground at sunset South Korea expects to meet oil demand through April and May without releasing government reserves, supported by secured imports and private inventories, Industry Minister Kim Jung-kwan said April 12. Kim said supply conditions have improved, with May volumes rising about 10 percentage points from a week earlier to nearly

Photo=Motionelements South Korea is maintaining emergency economic measures as uncertainty deepens following the collapse of initial ceasefire talks between the U.S. and Iran, officials said April 12. At an emergency economic meeting led by presidential policy chief Kim Yong-beom, officials agreed that risks to the economy remain high despite ongoing diplomatic efforts, according to a presidential spokesperson. While further negotiations

Graduation cap placed on a large pile of US dollar bills, symbolizing student loans or education investment. Student-loan debt is emerging as a growing drag on young South Koreans entering the workforce, complicating their ability to establish financial stability even after securing jobs. Data released April 13 by the National Tax Service Korea show delinquency rates on income-contingent student loans

(Photo=CJ Olive Young) CJ Olive Young is stepping up its global ambitions with a direct push into the U.S., betting that a retail model built on product discovery and in-store experience can carve out space in one of the world’s most competitive beauty markets. The company plans to open its first U.S. store in Pasadena, California, next month, marking a

(Photo=MotionElements) A rapid expansion in artificial-intelligence infrastructure is beginning to push costs onto everyday consumers, as a tightening supply of memory chips raises prices across a wide range of electronics. At the center of the shift are South Korea’s chipmakers, including Samsung Electronics and SK hynix, which have increasingly redirected production toward high-performance memory used in AI data centers. The