(Photo=Homepuls) Homeplus, once one of South Korea’s dominant supermarket chains, is preparing to shrink to nearly half its former size as a court deadline for emergency funding threatens to decide whether the retailer survives or heads toward liquidation. The company, controlled by MBK Partners, South Korea’s largest private equity firm, has submitted a revised rehabilitation plan to the Seoul Bankruptcy

Photo=SK hynix Samsung Electronics and SK Group are planning a sweeping investment program of as much as $650 billion to build a new semiconductor cluster in Gwangju, South Korea, as global competition for artificial intelligence infrastructure accelerates and demand for AI memory chips surges. The plan, discussed on June 26, reflects a broader effort by South Korea’s largest conglomerates to

Photo=KFA South Korean soccer entered another period of uncertainty on Sunday after head coach Hong Myung-bo resigned in the wake of the national team's disappointing exit from the 2026 FIFA World Cup, leaving the Korea Football Association (KFA) facing mounting pressure to appoint a successor capable of restoring public confidence. Hong accepted full responsibility after South Korea failed to progress

Photo=Kakao Employees at Kakao staged a one-day walkout on June 29 after labor and management failed to reach an agreement on a new performance-based bonus system, escalating a labor dispute that has dragged on for nearly two months. The action, known as "Logout Day," called on union members to take a full day of paid leave or scheduled time off

Photo=Motionelements The number of South Korean men leaving the workforce to care for preschool children or manage household duties reached a record high in the first quarter ended March 31, underscoring a gradual shift in traditional family roles as more women pursue full-time careers. According to data released on June 29 by Statistics Korea through the Korean Statistical Information Service