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Credit Card Use Suspended for JoongAng Group Affiliates After Bankruptcy Filing

Credit Card Use Suspended for JoongAng Group Affiliates After Bankruptcy Filing

Photo=Motionelements Corporate credit card services for affiliates of JoongAng Group, one of South Korea's largest media and entertainment conglomerates, have been suspended following the group’s court-led rehabilitation filing, as financial institutions tighten risk controls in response to rising credit exposure. Samsung Card suspended all corporate card usage for the JoongAng Group on June 15, according to financial industry officials. At

Jun 16 2026
02:00 PM PST
South Korean Women’s Golf Legend Pak Se-ri Reveals Peak Endorsement Earnings Topped ₩10 Billion

South Korean Women’s Golf Legend Pak Se-ri Reveals Peak Endorsement Earnings Topped ₩10 Billion

Photo=Instagram South Korean women’s golf legend Pak Se-ri recently appeared on a domestic variety program, where she drew widespread attention by revealing that she once amassed more than ₩10 billion (approximately $7.3 million) from endorsement deals alone during the height of her athletic career. Pak, whose trailblazing success on the LPGA Tour pioneered the rise of South Korean women's golf

Jun 16 2026
01:00 PM PST
Hyundai Motor Group Nears 1.5 Million U.S. Hybrid Sales as SUV Demand Fuels Growth

Hyundai Motor Group Nears 1.5 Million U.S. Hybrid Sales as SUV Demand Fuels Growth

Photo=Hyundai Motor Group Hyundai Motor Group is on track to surpass 1.5 million cumulative hybrid vehicle sales in the U.S. this month after selling approximately 1.487 million units through May, underscoring the growing role of SUVs and minivans in the country's expanding market for electrified vehicles. The South Korean automaker entered the U.S. hybrid market in 2011 with the Hyundai

Jun 16 2026
12:00 PM PST
Can History Lessons Fix a Corporate Blind Spot? Starbucks Korea’s Crisis Sparks Governance Debate

Can History Lessons Fix a Corporate Blind Spot? Starbucks Korea’s Crisis Sparks Governance Debate

Photo=Starbucks On June 22, Starbucks will dim its lights across South Korea at 3 p.m., marking the first nationwide early closure since the brand's local debut in 1999. The shutdown is not due to operational issues, but rather a mandatory, companywide training session on modern history and social sensitivity for thousands of employees and corporate executives. This drastic measure follows

Jun 16 2026
11:00 AM PST
South Korea’s AI Boom Masks a Growing $4.3 Trillion Debt Problem

South Korea’s AI Boom Masks a Growing $4.3 Trillion Debt Problem

(Photo=Pixabay) South Korea has emerged as one of the biggest beneficiaries of the global artificial-intelligence boom. Shares of semiconductor giants such as Samsung Electronics and SK Hynix have surged on rising demand for advanced memory chips, helping fuel a broader rally in the country’s financial markets. Yet behind the optimism surrounding South Korea’s technology sector lies a less celebrated milestone.

Jun 16 2026
10:00 AM PST