Photo=Motionelements South Korea's industry minister said on August 6 that the government is considering requiring shareholder approval for large employee bonuses tied to corporate operating profit, arguing that such payments should not be made without the consent of those who bear the financial risk of owning a company. Industry Minister Kim Jeong-kwan said compensation systems that automatically allocate a fixed

(Photo=Pixabay) Tteokbokki has long been one of South Korea’s most familiar street foods and has become better known overseas as Korean food has reached a wider audience. But the chewy rice cakes at the center of the dish are produced under a rule that may look unusual from outside Korea. The government restricts how far large corporations can enter or

Photo=SK Hynix Samsung Electronics and SK Hynix said on Aug. 5 they are preparing to expand shareholder returns as record cash generation from the artificial-intelligence chip boom strengthens their financial positions. In statements provided to Reuters, Samsung said it is exploring ways to increase shareholder returns while maintaining a strong balance sheet to manage industry cycles and finance future growth

Photo=Hyundai More than 512,000 vehicles are being recalled in South Korea after regulators identified software and manufacturing defects that could increase the risk of crashes, fires and other safety hazards, the Ministry of Land, Infrastructure and Transport said on Aug. 6. Hyundai Motor and Kia, including Genesis models, account for nearly the entire recall, with 509,258 vehicles across 11 models

Photo=Motionelements South Korea’s working population aged 55 to 79 surpassed 10 million for the first time as of May 2026, according to government data released on Aug. 5, highlighting the country's growing reliance on older workers as its population ages. The National Data Administration said the economically active population in the 55-to-79 age group reached 10.36 million in May, up